Civic Intelligence

Geo Academies Louisiana Holdings Inc

EIN 88-2226026 • 501(c)3 • Indianapolis, IN

Profile

Beating poverty through quality education

3145 N Meridian StIndianapolis, IN 46208

geoacademies.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

91st percentile

0.92x

Higher debt load relative to assets than 91% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Liabilities / Revenue

97th percentile

11.38x

Higher debt load relative to revenue than 97% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Net Margin

17th percentile

-11%

Higher net margin than 17% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Top Officer Pay

15th percentile

$0

Higher top officer pay than 15% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Asset Growth

19th percentile

-4.6%

Faster asset growth than 19% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2023 to 2024

Revenue Growth

5th percentile

-46%

Faster revenue growth than 5% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2023 to 2024

Assets

Down

$14,643,207

Down $698,721 (-4.6%) from 2023

Liabilities

Down

$13,477,151

Down $571,070 (-4.1%) from 2023

Net Assets

Down

$1,166,056

Down $127,651 (-9.9%) from 2023

Revenue

Down

$1,183,902

Down $1,025,309 (-46%) from 2023

Expenses

Up

$1,311,553

Up $396,049 (+43%) from 2023

Net Income

Down

-$127,651

Down $1,421,358 (-110%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$20M$15M$10M$5.0M$0Assets 2023: $15,341,928Liabilities 2023: $14,048,221Net Assets 2023: $1,293,7072023Assets 2024: $14,643,207Liabilities 2024: $13,477,151Net Assets 2024: $1,166,0562024

Highlighted filing

2024

Assets$14,643,207
Liabilities$13,477,151
Net Assets$1,166,056

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2023: $2,209,211Expenses 2023: $915,504Net Income 2023: $1,293,7072023Revenue 2024: $1,183,902Expenses 2024: $1,311,553Net Income 2024: -$127,6512024

Highlighted filing

2024

Revenue$1,183,902
Expenses$1,311,553
Net Income-$127,651

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
May 6, 2025
Return Version
2023v6.0
Gross Receipts
$1,183,902
Mission and Program Overview

Mission

Beating poverty through quality education

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$13,711,538$13,324,038▼ $387,500
Cash and Non-Interest-Bearing Accounts$1,183,856$1,319,169▲ $135,313
Pledges and Grants Receivable$446,534--
Total Assets$15,341,928$14,643,207▼ $698,721
Liabilities
Mortgage Notes Payable Secured by Investment Property$14,038,221$13,378,002▼ $660,219
Accounts Payable and Accrued Expenses$10,000$99,149▲ $89,149
Total Liabilities$14,048,221$13,477,151▼ $571,070
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,293,707$1,166,056▼ $127,651
Total Net Assets Fund Balance$1,293,707$1,166,056▼ $127,651
Total Liabilities and Net Assets / Fund Balance$15,341,928$14,643,207▼ $698,721

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$13,324,038$625,962$13,950,000
Compensation and Service Providers

Board Members and Trustees

NameTitle
Tom BromleyBoard Chair
Erin PiperVice Chair
Kirk MooreSecretary/treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$68,980
Other Revenue
$1,114,922
Change in Net Assets
$-127,651
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,311,553
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Interest$876,944--$876,944
Depreciation Depletion$422,427--$422,427
Insurance$3,822--$3,822
Office Expenses$3,500--$3,500
Fees for Services Other$3,000--$3,000
Fees for Services Accounting$1,500--$1,500
Fees for Services Legal$360--$360
Total Functional Expenses$1,311,553$0$0$1,311,553
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Bond Issues

BondIssuerIssuedIssue PricePurpose
ALouisiana Public Facilities Authority2023-10-01$14,339,269Purchase of school building

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A$14,339,269--$896,194

Bond Financing Compliance

No rebate due
No
Rebate not yet due
No
Form 8038-T filed
No
Gross proceeds invested
No
Gross proceeds invested in GIC
No
Exception to rebate
No
Corrective action procedures
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
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
Yes
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Section A, Line 3

Organization delegates control over management duties customarily performed by or under direct supervision of officers, directors, or trustees, or key employees to a management company or other person.

Form 990, Part VI, Section B, Line 11B

A copy of the form 990 will be provided to the organization's body for review.

Form 990, Part VI, Section B, Line 12C

Organization regularly and consistently monitors and enforces compliance with the conflict of interest policy.

Form 990, Part VI, Section B, Line 15A

Review and approval process for determining compensation of organization's ceo, executive director, or top management official.

Form 990, Part VI, Section C, Line 18

The organization makes the records and documents available upon request.

Form 990, Part VI, Section C, Line 19

The organization makes the records and documents available upon request.

Filing and Contact Details

Filer

Filer Name
Geo Academies Louisiana Holdings Inc
EIN
88-2226026
Phone
2252369333
Address
3145 N MERIDIAN ST, INDIANAPOLIS, IN 46208

Signing Officer

Name
Dana Teasley
Title
Business Manager
Phone
2252369333
Signed
2025-05-06
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Dana Teasley
Formed
2022
Legal Domicile
La
Voting Board Members
3
Independent Board Members
3
Employees
0
Volunteers
3

Preparer

Firm
Cri Advisors LLC
Address
3850 N CAUSEWAY BLVD 1400, METAIRIE, LA 70002
Preparer
Melissa Y Duhon CPA
Phone
5048379116
Supplemental Narrative

Additional Explanations

Form 990 Part XII Line 2C

The organization has a committee that assumes responsibility for oversight of the audit.

Financial Statement Notes

PART X, LINE 2:

The school is exempt from income taxes on income from related activities under section 501(c)(3) of the u. S. Internal revenue code and corresponding state tax law. Accordingly, no provision has been made for federal or state income taxes. Additionally, the school is not considered to be a private foundation under section 509(a) of the internal revenue code. The school has adopted applicable guidance with respect to accounting for uncertainty in income taxes. A tax position is recognized as a benefit only if it is "more likely than not" that the tax position would be sustained in a tax examination, with a tax examination being presumed to occur. The amount recognized is the largest amount of tax benefit that is greater than 50% likely of being realized on examination. For tax positions not meeting the "more likely than not" test, no tax benefit will be recorded. The school does not expect the total amount of unrecorded tax benefits to significantly change in the next 12 months. The school recognizes interest and/or penalties related to income tax matters in income tax expense. The school did not have any amounts accrued for interest and penalties at june 30, 2024 and 2023.

Raw XML AppendixShowing 400 of 411 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/SupplementalInformationDetail/ExplanationTxt0THE SCHOOL IS EXEMPT FROM INCOME TAXES ON INCOME FROM RELATED ACTIVITIES UNDER SECTION 501(C)(3) OF THE U. S. INTERNAL REVENUE CODE AND CORRESPONDING STATE TAX LAW. ACCORDINGLY, NO PROVISION HAS BEEN MADE FOR FEDERAL OR STATE INCOME TAXES. ADDITIONALLY, THE SCHOOL IS NOT CONSIDERED TO BE A PRIVATE FOUNDATION UNDER SECTION 509(A) OF THE INTERNAL REVENUE CODE. THE SCHOOL HAS ADOPTED APPLICABLE GUIDANCE WITH RESPECT TO ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES. A TAX POSITION IS RECOGNIZED AS A BENEFIT ONLY IF IT IS "MORE LIKELY THAN NOT" THAT THE TAX POSITION WOULD BE SUSTAINED IN A TAX EXAMINATION, WITH A TAX EXAMINATION BEING PRESUMED TO OCCUR. THE AMOUNT RECOGNIZED IS THE LARGEST AMOUNT OF TAX BENEFIT THAT IS GREATER THAN 50% LIKELY OF BEING REALIZED ON EXAMINATION. FOR TAX POSITIONS NOT MEETING THE "MORE LIKELY THAN NOT" TEST, NO TAX BENEFIT WILL BE RECORDED. THE SCHOOL DOES NOT EXPECT THE TOTAL AMOUNT OF UNRECORDED TAX BENEFITS TO SIGNIFICANTLY CHANGE IN THE NEXT 12 MONTHS. THE SCHOOL RECOGNIZES INTEREST AND/OR PENALTIES RELATED TO INCOME TAX MATTERS IN INCOME TAX EXPENSE. THE SCHOOL DID NOT HAVE ANY AMOUNTS ACCRUED FOR INTEREST AND PENALTIES AT JUNE 30, 2024 AND 2023.
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IRS990ScheduleK/TaxExemptBondsProceedsGrp/RefundingTaxableBondsInd00
IRS990ScheduleK/TaxExemptBondsProceedsGrp/RefundingTaxExemptBondsInd00
IRS990ScheduleK/TaxExemptBondsProceedsGrp/TotalProceedsAmt014339269
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0ORGANIZATION DELEGATES CONTROL OVER MANAGEMENT DUTIES CUSTOMARILY PERFORMED BY OR UNDER DIRECT SUPERVISION OF OFFICERS, DIRECTORS, OR TRUSTEES, OR KEY EMPLOYEES TO A MANAGEMENT COMPANY OR OTHER PERSON.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1A COPY OF THE FORM 990 WILL BE PROVIDED TO THE ORGANIZATION'S BODY FOR REVIEW.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ORGANIZATION REGULARLY AND CONSISTENTLY MONITORS AND ENFORCES COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3REVIEW AND APPROVAL PROCESS FOR DETERMINING COMPENSATION OF ORGANIZATION'S CEO, EXECUTIVE DIRECTOR, OR TOP MANAGEMENT OFFICIAL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION MAKES THE RECORDS AND DOCUMENTS AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE ORGANIZATION MAKES THE RECORDS AND DOCUMENTS AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THE ORGANIZATION HAS A COMMITTEE THAT ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 18
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990 PART XII LINE 2C
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd10
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd20
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0GEO PREP ACADEMY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt1GEO NEXT GENERATION HIGH SCHOOL INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt2GEO PREP MID-CITY INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0464166433
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN1834088564
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN2821340278
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt1501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt2501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0LA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd1LA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd2IN
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt04006 PLATT DR
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt12355 N SHERWOOD FOREST DR
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt23145 N MERIDIAN ST
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0BATON ROUGE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm1BATON ROUGE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm2INDIANAPOLIS
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0LA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd1LA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd2IN
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd070814
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd170815
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd246208
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd00
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd01
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd00
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt01114922
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0FAIR MARKET VALUE
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0GEO PREP MID-CITY INC
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt0J
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd01
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt015341928
IRS990/TotalAssetsEOYAmt014643207
IRS990/TotalAssetsGrp/BOYAmt015341928
IRS990/TotalAssetsGrp/EOYAmt014643207
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01311553
IRS990/TotalFunctionalExpensesGrp/TotalAmt01311553
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt014048221
IRS990/TotalLiabilitiesEOYAmt013477151
IRS990/TotalLiabilitiesGrp/BOYAmt014048221
IRS990/TotalLiabilitiesGrp/EOYAmt013477151
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01293707
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01166056
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt01311553
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt068980
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt01114922
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01183902
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt03
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt015341928
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt014643207
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt03145 N MERIDIAN ST
IRS990/USAddress/CityNm0INDIANAPOLIS
IRS990/USAddress/StateAbbreviationCd0IN
IRS990/USAddress/ZIPCd046208
IRS990/VotingMembersGoverningBodyCnt03
IRS990/VotingMembersIndependentCnt03
IRS990/WebsiteAddressTxt0HTTPS://GEOACADEMIES.ORG/
IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0DANA TEASLEY
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0BUSINESS MANAGER
ReturnHeader/BusinessOfficerGrp/PhoneNum02252369333
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-05-06
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0GEO ACADEMIES LOUISIANA HOLDINGS INC
ReturnHeader/Filer/BusinessNameControlTxt0GEOA
ReturnHeader/Filer/EIN0882226026
ReturnHeader/Filer/PhoneNum02252369333
ReturnHeader/Filer/USAddress/AddressLine1Txt03145 N MERIDIAN ST
ReturnHeader/Filer/USAddress/CityNm0INDIANAPOLIS
ReturnHeader/Filer/USAddress/StateAbbreviationCd0IN
ReturnHeader/Filer/USAddress/ZIPCd046208
ReturnHeader/IRSResponsiblePrtyInfoCurrInd00
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0994625061
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0CRI ADVISORS LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt03850 N CAUSEWAY BLVD 1400

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