Civic Intelligence

Greater Educational Opportunities Foundation

990 • Fiscal year 2015 • EIN 95-4406881

Jul 01, 2014 to Jun 30, 2015 • Filed on Apr 28, 2016

1630 N Meridian StreetIndianapolis, IN 46202

(317) 536-1027

Siviq Scores

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

Liabilities / Assets

78th percentile

0.63x

Higher debt load relative to assets than 78% of similar nonprofits.

2015 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2015

Liabilities / Revenue

88th percentile

2.28x

Higher debt load relative to revenue than 88% of similar nonprofits.

2015 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2015

Net Margin

29th percentile

-1.4%

Higher net margin than 29% of similar nonprofits.

2015 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2015

Top Officer Pay

79th percentile

$299,522

Higher top officer pay than 79% of similar nonprofits.

Top officer pay equals 9.5% of source-year revenue.

2015 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2015

Asset Growth

77th percentile

11%

Faster asset growth than 77% of similar nonprofits.

2015 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2014 to 2015

Revenue Growth

93rd percentile

67%

Faster revenue growth than 93% of similar nonprofits.

2015 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2014 to 2015

Assets

Up

$11,308,686

Up $1,112,142 (+11%) from 2014

Net Assets

Down

$4,145,432

Down $92,200 (-2.2%) from 2014

Liabilities

Up

$7,163,254

Up $1,204,342 (+20%) from 2014

Revenue

Up

$3,136,724

Up $1,254,964 (+67%) from 2014

Expenses

Up

$3,181,461

Up $230,242 (+7.8%) from 2014

Net Income

Up

-$44,737

Up $1,024,722 (+96%) from 2014

Historical Trend

Balance Sheet Trend

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

$30M$20M$10M$0Assets 2010: $15,667,060Liabilities 2010: $12,006,403Net Assets 2010: $3,660,6572010Assets 2011: $15,696,097Liabilities 2011: $11,956,008Net Assets 2011: $3,740,0892011Assets 2012: $14,211,354Liabilities 2012: $11,533,384Net Assets 2012: $2,677,9702012Assets 2013: $10,406,955Liabilities 2013: $5,349,355Net Assets 2013: $5,057,6002013Assets 2014: $10,196,544Liabilities 2014: $5,958,912Net Assets 2014: $4,237,6322014Assets 2015: $11,308,686Liabilities 2015: $7,163,254Net Assets 2015: $4,145,4322015Assets 2016: $11,003,033Liabilities 2016: $6,843,045Net Assets 2016: $4,159,9882016Assets 2017: $10,658,914Liabilities 2017: $7,228,897Net Assets 2017: $3,430,0172017Assets 2018: $8,629,957Liabilities 2018: $3,735,094Net Assets 2018: $4,894,8632018Assets 2019: $9,578,417Liabilities 2019: $3,958,663Net Assets 2019: $5,619,7542019Assets 2020: $11,924,619Liabilities 2020: $5,053,294Net Assets 2020: $6,871,3252020Assets 2021: $17,673,440Liabilities 2021: $8,092,225Net Assets 2021: $9,581,2152021Assets 2022: $24,649,709Liabilities 2022: $13,205,782Net Assets 2022: $11,443,9272022Assets 2023: $23,155,888Liabilities 2023: $11,029,703Net Assets 2023: $12,126,1852023Assets 2024: $21,656,768Liabilities 2024: $7,721,315Net Assets 2024: $13,935,4532024

Highlighted filing

2015

Assets$11,308,686
Liabilities$7,163,254
Net Assets$4,145,432

Operations Trend

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

$15M$10M$5.0M$0-$5.0MExpenses 2010: $2,369,2482010Expenses 2011: $2,936,9782011Expenses 2012: $3,055,7362012Expenses 2013: $2,728,1892013Revenue 2014: $1,881,760Expenses 2014: $2,951,219Net Income 2014: -$1,069,4592014Revenue 2015: $3,136,724Expenses 2015: $3,181,461Net Income 2015: -$44,7372015Revenue 2016: $3,082,890Expenses 2016: $2,991,888Net Income 2016: $91,0022016Revenue 2017: $2,520,703Expenses 2017: $3,564,529Net Income 2017: -$1,043,8262017Revenue 2018: $6,596,631Expenses 2018: $5,078,937Net Income 2018: $1,517,6942018Revenue 2019: $5,330,224Expenses 2019: $4,655,160Net Income 2019: $675,0642019Revenue 2020: $6,054,601Expenses 2020: $4,982,644Net Income 2020: $1,071,9572020Revenue 2021: $7,674,537Expenses 2021: $5,860,147Net Income 2021: $1,814,3902021Revenue 2022: $13,568,258Expenses 2022: $10,511,665Net Income 2022: $3,056,5932022Revenue 2023: $14,125,350Expenses 2023: $13,459,720Net Income 2023: $665,6302023Revenue 2024: $12,578,463Expenses 2024: $11,332,967Net Income 2024: $1,245,4962024

Highlighted filing

2015

Revenue$3,136,724
Expenses$3,181,461
Net Income-$44,737
Jump To
Filing Snapshot
Filing Period
Jul 1, 2014 to Jun 30, 2015
Signed
Apr 28, 2016
Return Version
2014v6.0
Gross Receipts
$3,534,544
Mission and Program Overview

Mission

Beating poverty through quality education.

Creating access to quality education for families by using start-up capital to create and/or support self-sustaining, successful schools that improve communities and live on into perpetuity.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$4,264,423$5,259,870▲ $995,447
Investments in Publicly Traded Securities$3,694,748$3,865,936▲ $171,188
Cash and Non-Interest-Bearing Accounts$379,019$538,485▲ $159,466
Savings and Temporary Cash Investments$500,000$439,003▼ $60,997
Accounts Receivable$570,870$429,856▼ $141,014
Other Notes and Loans Receivable, Net$382,869$382,380▼ $489
Prepaid Expenses and Deferred Charges$6,025$95,779▲ $89,754
Pledges and Grants Receivable$133,563$46,562▼ $87,001
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities$0--
Investments Program Related$0--
Total Assets$10,196,544$11,308,686▲ $1,112,142
Other Assets Total$265,027$250,815▼ $14,212
Liabilities
Mortgage Notes Payable Secured by Investment Property$5,402,358$6,550,055▲ $1,147,697
Other Liabilities$215,927$315,099▲ $99,172
Accounts Payable and Accrued Expenses$340,627$298,100▼ $42,527
Total Liabilities$5,958,912$7,163,254▲ $1,204,342
Net Assets / Fund Balance
Unrestricted Net Assets$3,737,632$4,145,432▲ $407,800
Temporarily Rstr Net Assets$500,000--
Total Net Assets Fund Balance$4,237,632$4,145,432▼ $92,200
Total Liabilities and Net Assets / Fund Balance$10,196,544$11,308,686▲ $1,112,142

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$3,757,648$971,012$4,728,660
Equipment$608,199$260,721$868,920
Land$643,273-$643,273
Other Land Buildings$217,679$113,653$331,332
Leasehold Improvements$33,071-$33,071
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
-President/CEOFT$221,396$78,126$299,522
-Vice President/CFOFT$151,593$35,869$187,462

Board Members and Trustees

NameTitle
-Chair
-Board PRESIDENT
-Board Member
-Secretary/treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$865,581
Program Service Revenue
$1,528,212
Investment Income
$795,048
Other Revenue
$-52,117
All Other Contributions
$865,581
Change in Net Assets
$-44,737

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,107,794
Revenue Not Reported on Financial Statements
$28,930
Revenue Not Reported on Form 990
$300,552
Other Revenue Adjustments
$0
Total Revenue per Audited Statements
$3,408,346
Total Revenue per Form 990
$3,136,724
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,693,450
Salaries, Compensation, and Employee Benefits$1,488,011
Total Fundraising Expense$203,516
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$585,313$180,742$64,177$830,232
Payments to Affiliates$526,525--$526,525
Current Officers, Directors, Trustees, and Key Employees$323,544$99,908$35,475$458,927
Travel$106,910$33,013$11,722$151,645
Other Expenses$105,683$33,885$12,032$151,600
Occupancy$99,388$32,409$11,508$143,305
Advertising$99,414$30,698$10,900$141,012
Office Expenses$69,651$21,578$7,662$98,891
Information Technology$69,387$21,426$7,608$98,421
Interest$61,792$19,081$6,775$87,648
Payroll Taxes$60,425$18,659$6,625$85,709
Other Employee Benefits$57,217$17,668$6,274$81,159
Depreciation Depletion$43,722$13,501$4,794$62,017
Fees for Services Other$37,149$11,472$4,074$52,695
Fees for Services Accounting$33,591$10,373$3,683$47,647
Pension Plan Contributions$22,549$6,963$2,472$31,984
Fees for Service Investment Mgmnt Fees-$28,930-$28,930
Fees for Services Legal$19,518$6,027$2,140$27,685
Insurance$5,650$1,745$619$8,014
All Other Expenses$535$165$59$759
Total Functional Expenses$2,375,856$602,089$203,516$3,181,461

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$3,506,448
Total Expenses per Form 990$3,181,461
Expenses per Audited Statements$3,152,531
Expenses Not Reported on Form 990$353,917
Expenses Not Reported on Financial Statements$28,930
Other Expense Adjustments$0
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Note Payable Related Party$315,099
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 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
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 2 Family/business relationships amongst interested persons

Dana Johnson Teasley - Family relationship, Kevin Teasley - Family relationship

Form 990, Part VI, Line 11B Review of form 990 by governing body

Preliminary review by cfo, then by ceo, then emailed to the board for review and approval.

Form 990, Part VI, Line 12C Conflict of interest policy

All board members annually complete a confidentiality conflict of interest statements. If a conflict arises, it is noted and reviewed by the board to determine if any action needs to be taken. Individuals with conflicts abstain from voting on such matters.

Form 990, Part VI, Line 15A Process to establish compensation of top management official

Review and approval by an Independent Board based on compensation study comparing similarly qualified persons in comparable positions. This process is documented in the board minutes. The review is conducted on an annual basis.

Form 990, Part VI, Line 15B Process to establish compensation of other employees

Review and approval by an Independent Board based on compensation study comparing similarly qualified persons in comparable positions. This process is documented in the board minutes. The review is conducted on an annual basis.

Form 990, Part VI, Line 19 Required documents available to the public

Financial statements, governing documents, and conflict of interest policies are not required disclosures pursuant to internal revenue code (IRC) section 6104. These documents are not available to the public at this time.

Filing and Contact Details

Filer

Filer Name
Greater Educational Opportunities Foundation
EIN
95-4406881
Phone
3175361027
Address
1630 N MERIDIAN STREET, INDIANAPOLIS, IN 46202

Signing Officer

Name
Dana Johnson Teasley
Title
Vice President/CFO
Signed
2016-04-28
Discuss with paid preparer
Yes

Organization Details

Formed
1998
Legal Domicile
In
Voting Board Members
6
Independent Board Members
5
Employees
54
Volunteers
5

Preparer

Firm
Crowe Horwath Llp
Address
9600 Brownsboro Road, Suite 400, Louisville, KY 40241-1122
Preparer
Rachel Spurlock
Phone
5023263996
Supplemental Narrative

Financial Statement Notes

Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote

The Foundation 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 Foundation is not considered to be a private foundation under Section 509(a) of the Internal Revenue Code. The Foundation 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 Foundation does not expect the total amount of unrecorded tax benefits to significantly change in the next 12 months. The Foundation recognizes interest and/or penalties related to income tax matters in income tax expense. The Foundation did not have any amounts accrued for interest and penalties at June 30, 2015 and 2014.

Schedule D, Part XI, Line 2(D) Other revenues in audited financial statements not in form 990

Rental Expenses - 353917

Schedule D, Part XII, Line 2(D) Other expenses in audited financial statements not in form 990

Rental Expenses - 353917

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IRS990/MissionDesc0CREATING ACCESS TO QUALITY EDUCATION FOR FAMILIES BY USING START-UP CAPITAL TO CREATE AND/OR SUPPORT SELF-SUSTAINING, SUCCESSFUL SCHOOLS THAT IMPROVE COMMUNITIES AND LIVE ON INTO PERPETUITY.
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IRS990/OfficeExpensesGrp/FundraisingAmt07662
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IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt057217
IRS990/OtherEmployeeBenefitsGrp/TotalAmt081159
IRS990/OtherExpensesGrp/Desc0Dues and Subscriptions
IRS990/OtherExpensesGrp/Desc1Promote Quality Education
IRS990/OtherExpensesGrp/Desc2Miscellaneous Write Offs
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IRS990/OtherExpensesGrp/FundraisingAmt11154
IRS990/OtherExpensesGrp/FundraisingAmt212032
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt010597
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IRS990/OtherExpensesGrp/ManagementAndGeneralAmt233885
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IRS990/OtherExpensesGrp/TotalAmt114924
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IRS990/OtherLiabilitiesGrp/BOYAmt0215927
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IRS990/PayrollTaxesGrp/FundraisingAmt06625
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IRS990/PrincipalOfcrBusinessName/BusinessNameLine1Txt0KEVIN TEASLEY
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IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0-44737
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IRS990/RentalIncomeOrLossGrp/PersonalAmt00
IRS990/RentalIncomeOrLossGrp/RealAmt0-52117
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
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IRS990/SavingsAndTempCashInvstGrp/BOYAmt0500000
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0439003
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IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus2YearsAmt05000
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus3YearsAmt05000
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus4YearsAmt05000
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt015000
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0865581
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0576050
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0594690
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0701123
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt0681721
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt03419165
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt0386230
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt0410500
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IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt0967291
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt0997988
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt03334070
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt01528212
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt01775026
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt01151720
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt01533245
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt01936125
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IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt0410500
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IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt03334070
IRS990ScheduleA/InvestmentIncomeCYPct00.2272
IRS990ScheduleA/InvestmentIncomePYPct00.2472
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IRS990ScheduleA/PublicSupportCY509Pct00.6480
IRS990ScheduleA/PublicSupportPY509Pct00.6720
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IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus2YearsAmt0281815
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus3YearsAmt0301066
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus4YearsAmt0255000
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt01832465
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearAmt0722200
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearMinus1YearAmt0272384
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearMinus2YearsAmt0276815
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearMinus3YearsAmt0296066
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearMinus4YearsAmt0250000
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt01817465
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IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt02351076
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt01746410
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt02234368
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt02617846
IRS990ScheduleA/Total509Grp/TotalAmt011343493
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt02780023
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt02761576
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt02318471
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt03201659
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt03615834
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt014677563
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IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
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IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$21.7$7.72$13.9$12.6$11.3$1.25
2023Detailed filing. Detailed filing data is available for this year.$23.2$11.0$12.1$14.1$13.5$0.67
2022Detailed filing. Detailed filing data is available for this year.$24.6$13.2$11.4$13.6$10.5$3.06
2021Detailed filing. Detailed filing data is available for this year.$17.7$8.09$9.58$7.67$5.86$1.81
2020Detailed filing. Detailed filing data is available for this year.$11.9$5.05$6.87$6.05$4.98$1.07
2019Detailed filing. Detailed filing data is available for this year.$9.58$3.96$5.62$5.33$4.66$0.68
2018Detailed filing. Detailed filing data is available for this year.$8.63$3.74$4.89$6.60$5.08$1.52
2017Detailed filing. Detailed filing data is available for this year.$10.7$7.23$3.43$2.52$3.56$1.04
2016Detailed filing. Detailed filing data is available for this year.$11.0$6.84$4.16$3.08$2.99$0.09
2015Detailed filing. Detailed filing data is available for this year.$11.3$7.16$4.15$3.14$3.18$0.04
2014Detailed filing. Detailed filing data is available for this year.$10.2$5.96$4.24$1.88$2.95$1.07
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$10.4$5.35$5.06$2.73
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$14.2$11.5$2.68$3.06
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$15.7$12.0$3.74$2.94
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$15.7$12.0$3.66$2.37