Civic Intelligence

The Geanco Foundation Inc

990 • Fiscal year 2020 • EIN 20-3498204

Jan 01, 2020 to Dec 31, 2020 • Filed on Aug 02, 2021

Organization ProfileWWW.GEANCO.ORG
350 S Grand Avenue 25th FloorLos Angeles, CA 90071

(708) 439-1462

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

44th percentile

0.07x

Higher debt load relative to assets than 44% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Liabilities / Revenue

42nd percentile

0.09x

Higher debt load relative to revenue than 42% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Net Margin

33rd percentile

-1.8%

Higher net margin than 33% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Top Officer Pay

89th percentile

$191,368

Higher top officer pay than 89% of similar nonprofits.

Top officer pay equals 23.9% of source-year revenue.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Asset Growth

29th percentile

-0.8%

Faster asset growth than 29% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Revenue Growth

7th percentile

-54%

Faster revenue growth than 7% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets44th percentile

Assets

Down

$1,042,353

Down $8,033 (-0.8%) from 2019

Net Assets

Down

$970,671

Down $14,544 (-1.5%) from 2019

Liabilities

Up

$71,682

Up $6,511 (+10.0%) from 2019

Revenue And Expenses
Liabilities / Revenue42nd percentileNet Margin33rd percentile

Revenue

Down

$801,500

Down $935,100 (-54%) from 2019

Expenses

Down

$816,044

Down $855,540 (-51%) from 2019

Net Income

Down

-$14,544

Down $79,560 (-122%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth29th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$1.5M$1.0M$500K$0Assets 2011: $28,432Liabilities 2011: $15,000Net Assets 2011: $13,4322011Assets 2012: $31,905Liabilities 2012: $0Net Assets 2012: $31,9052012Assets 2013: $145,287Liabilities 2013: $0Net Assets 2013: $145,2872013Assets 2014: $418,901Liabilities 2014: $0Net Assets 2014: $418,9012014Assets 2015: $614,125Liabilities 2015: $0Net Assets 2015: $614,1252015Assets 2016: $1,322,033Liabilities 2016: $1,209Net Assets 2016: $1,320,8242016Assets 2017: $703,508Liabilities 2017: $13,928Net Assets 2017: $689,5802017Assets 2018: $984,404Liabilities 2018: $64,205Net Assets 2018: $920,1992018Assets 2019: $1,050,386Liabilities 2019: $65,171Net Assets 2019: $985,2152019Assets 2020: $1,042,353Liabilities 2020: $71,682Net Assets 2020: $970,6712020Assets 2021: $1,064,873Liabilities 2021: $55,355Net Assets 2021: $1,009,5182021Assets 2022: $752,148Liabilities 2022: $24,952Net Assets 2022: $727,1962022Assets 2023: $954,547Liabilities 2023: $80,793Net Assets 2023: $873,7542023Assets 2024: $914,459Liabilities 2024: $80,340Net Assets 2024: $834,1192024

Highlighted filing

2020

Assets$1,042,353
Liabilities$71,682
Net Assets$970,671
Open 2020 Filing

Operations Trend

Revenue Growth7th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$2.0M$1.0M$0-$1.0MRevenue 2011: $287,032Expenses 2011: $299,192Net Income 2011: -$12,1602011Revenue 2012: $175,519Expenses 2012: $172,046Net Income 2012: $3,4732012Revenue 2013: $931,077Expenses 2013: $817,695Net Income 2013: $113,3822013Revenue 2014: $436,491Expenses 2014: $162,968Net Income 2014: $273,5232014Revenue 2015: $1,218,565Expenses 2015: $1,023,341Net Income 2015: $195,2242015Revenue 2016: $1,073,970Expenses 2016: $380,658Net Income 2016: $693,3122016Revenue 2017: $775,877Expenses 2017: $1,407,121Net Income 2017: -$631,2442017Revenue 2018: $1,003,664Expenses 2018: $773,045Net Income 2018: $230,6192018Revenue 2019: $1,736,600Expenses 2019: $1,671,584Net Income 2019: $65,0162019Revenue 2020: $801,500Expenses 2020: $816,044Net Income 2020: -$14,5442020Revenue 2021: $1,067,118Expenses 2021: $1,028,271Net Income 2021: $38,8472021Revenue 2022: $624,533Expenses 2022: $874,655Net Income 2022: -$250,1222022Revenue 2023: $1,132,328Expenses 2023: $1,031,822Net Income 2023: $100,5062023Revenue 2024: $1,078,001Expenses 2024: $1,141,828Net Income 2024: -$63,8272024

Highlighted filing

2020

Revenue$801,500
Expenses$816,044
Net Income-$14,544
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Aug 2, 2021
Return Version
2020v4.1
Gross Receipts
$801,500
Mission and Program Overview

Mission

Geancos mission is to save and improve the lives in africa. The principal activities of the foundation are to receive and/or maintain funds which are used for special medical missions, maternal and infant health programs, and support of schools in africa.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$985,215$970,671▼ $14,544
Cash and Non-Interest-Bearing Accounts$982,657$806,200▼ $176,457
Pledges and Grants Receivable$38,117$204,205▲ $166,088
Investments in Publicly Traded Securities$29,612$31,948▲ $2,336
Total Assets$1,050,386$1,042,353▼ $8,033
Liabilities
Accounts Payable and Accrued Expenses$65,171$71,682▲ $6,511
Total Liabilities$65,171$71,682▲ $6,511
Net Assets / Fund Balance
Total Net Assets Fund Balance$985,215$970,671▼ $14,544
Total Liabilities and Net Assets / Fund Balance$1,050,386$1,042,353▼ $8,033
Compensation and Service Providers
Top Officer Pay89th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Afam OnyemaCEO and Co-founderFT$126,544$64,824$191,368
Dr Godwin OnyemaPresident and Co-founderFT$90,695-$90,695

Board Members and Trustees

NameTitle
Ebele OnyemaDirector
Gozie OnyemaDirector
Mark JohnsonDirector
Nche OnyemaDirector
Sam NeswickDirector
Steve KirschnerDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$793,912
Program Service Revenue
$0
Investment Income
$7,588
Other Revenue
$0
All Other Contributions
$675,335
Change in Net Assets
$-14,544

Audited Revenue Reconciliation

Revenue per Audited Statements
$801,500
Revenue Not Reported on Form 990
$18,490
Total Revenue per Audited Statements
$819,990
Total Revenue per Form 990
$801,500
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$523,258
Salaries, Compensation, and Employee Benefits$292,786
Total Fundraising Expense$97,859
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$197,444$42,309$42,309$282,062
Other Expenses$96,730--$96,730
All Other Expenses$20,328$7,756$46,538$74,622
Fees for Services Accounting-$13,325-$13,325
Travel$3,701$1,384$7,403$12,488
Fees for Services Other-$12,016-$12,016
Other Employee Benefits$7,506$1,609$1,609$10,724
Office Expenses-$103-$103
Total Functional Expenses$639,683$78,502$97,859$816,044

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$834,535
Expenses per Audited Statements$816,045
Total Expenses per Form 990$816,045
Expenses Not Reported on Form 990$18,490
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Virtual Gala$137,017$137,017$18,491$118,526
Omze Star Wr$50$50-$50
Total Events$137,067$137,067$18,491$118,576
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Dr Godwin OnyemaCo-founder and PresidentRent for Storage Space in 2020No$3,110
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
Yes
Business relationship with organization members
Yes
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Officer directors etc family relationship Part VI line 2

“Dr. Godwin onyema (president and co-founder) is the father of afam onyema (ceo and co-founder).”

Form 990 governing body review Part VI line 11

“Ceo and co-founder reviews the 990 in detail before it is finalized”

Conflict of interest policy compliance Part VI line 12C

“Foundation has a conflict of interest policy that all directors and employees to.”

CEO executive director top management comp Part VI line 15A

“Ceo and co-founder afam onyemas compensation in 2020 was $191,368. President and co-founder godwin onyemas compensation was $90,695. Compensation was determined through consultation and review of the board of directors.”

Governing documents etc available to public Part VI line 19

“Made available upon request”

Filing and Contact Details

Filer

Filer Name
The Geanco Foundation
EIN
20-3498204
Address
350 S GRAND AVENUE 25TH FLOOR, LOS ANGELES, CA 90071

Signing Officer

Name
Afam Onyema
Title
CEO
Phone
7084391462
Signed
2021-08-02
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Afam Onyema
Formed
2005
Legal Domicile
Il
Voting Board Members
9
Independent Board Members
4
Employees
2

Preparer

Firm
Pap CPA Inc
Address
102 N EVERGREEN AVENUE SUITE 210, ARLINGTON HEIGHTS, IL 60004
Preparer
Pete a Pacilio CPA
Phone
8479424946
Supplemental Narrative

Additional Explanations

List of other expenses Part IX line 24E

“Other expenses include development, outreach, fundraising, coronavirus initiatives, maternal health, medical mission, cgi and educational related expenses.”

Raw XML AppendixShowing 400 of 403 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleD/RevenueNotReportedAmt018490
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0AFAM ONYEMA
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0CEO AND CO-FOUNDER
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IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0RENT FOR STORAGE SPACE IN 2020
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0DR. GODWIN ONYEMA (PRESIDENT AND CO-FOUNDER) IS THE FATHER OF AFAM ONYEMA (CEO AND CO-FOUNDER).
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1CEO AND CO-FOUNDER REVIEWS THE 990 IN DETAIL BEFORE IT IS FINALIZED
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2FOUNDATION HAS A CONFLICT OF INTEREST POLICY THAT ALL DIRECTORS AND EMPLOYEES TO.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3CEO AND CO-FOUNDER AFAM ONYEMAS COMPENSATION IN 2020 WAS $191,368. PRESIDENT AND CO-FOUNDER GODWIN ONYEMAS COMPENSATION WAS $90,695. COMPENSATION WAS DETERMINED THROUGH CONSULTATION AND REVIEW OF THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4MADE AVAILABLE UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5OTHER EXPENSES INCLUDE DEVELOPMENT, OUTREACH, FUNDRAISING, CORONAVIRUS INITIATIVES, MATERNAL HEALTH, MEDICAL MISSION, CGI AND EDUCATIONAL RELATED EXPENSES.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Officer directors etc family relationship Part VI line 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990 governing body review Part VI line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Conflict of interest policy compliance Part VI line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3CEO executive director top management comp Part VI line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Governing documents etc available to public Part VI line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5List of other expenses Part IX line 24e
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IRS990/TotalEmployeeCnt02
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IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt078502
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IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt09
IRS990/VotingMembersIndependentCnt04
IRS990/WebsiteAddressTxt0WWW.GEANCO.ORG
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ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
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ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd00
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0AFAM ONYEMA
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CEO
ReturnHeader/BusinessOfficerGrp/PhoneNum07084391462
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-08-02
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0THE GEANCO FOUNDATION
ReturnHeader/Filer/BusinessNameControlTxt0GEAN
ReturnHeader/Filer/EIN0203498204
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ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0PAP CPA INC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0102 N EVERGREEN AVENUE SUITE 210
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0ARLINGTON HEIGHTS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0IL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd060004
ReturnHeader/PreparerPersonGrp/PhoneNum08479424946
ReturnHeader/PreparerPersonGrp/PreparationDt02021-08-02
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0PETE A PACILIO CPA
ReturnHeader/ReturnTs02021-08-02T08:28:06-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0AFAM
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0ONYEMA

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,042,353
Liabilities
$71,682
Net assets
$970,671
Revenue
$801,500
Expenses
$816,044
Net income
-$14,544
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.91$0.08$0.83$1.08$1.14$0.06
2023Summary only. Only limited summary data is available for this year.$0.95$0.08$0.87$1.13$1.03$0.10
2022Summary only. Only limited summary data is available for this year.$0.75$0.02$0.73$0.62$0.87$0.25
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.06$0.06$1.01$1.07$1.03$0.04
2020Detailed filing. Detailed filing data is available for this year.$1.04$0.07$0.97$0.80$0.82$0.01
2019Summary only. Only limited summary data is available for this year.$1.05$0.07$0.99$1.74$1.67$0.07
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.98$0.06$0.92$1.00$0.77$0.23
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.70$0.01$0.69$0.78$1.41$0.63
2016Summary only. Only limited summary data is available for this year.$1.32$0.00$1.32$1.07$0.38$0.69
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.61$0.00$0.61$1.22$1.02$0.20
2014Summary only. Only limited summary data is available for this year.$0.42$0.00$0.42$0.44$0.16$0.27
2013Detailed filing. Detailed filing data is available for this year.$0.15$0.00$0.15$0.93$0.82$0.11
2012Summary only. Only limited summary data is available for this year.$0.03$0.00$0.03$0.18$0.17$0.00
2011Summary only. Only limited summary data is available for this year.$0.03$0.02$0.01$0.29$0.30$0.01