Civic Intelligence

Greater Educational Opportunities Foundation

990 • Fiscal year 2019 • EIN 95-4406881

Jul 01, 2018 to Jun 30, 2019 • Filed on Jul 14, 2020

3145 N Meridian StreetIndianapolis, IN 46208

(317) 536-1027

Siviq Scores

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

Liabilities / Assets

72nd percentile

0.41x

Higher debt load relative to assets than 72% of similar nonprofits.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2019

Liabilities / Revenue

78th percentile

0.74x

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

2019 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2019

Net Margin

70th percentile

13%

Higher net margin than 70% of similar nonprofits.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2019

Top Officer Pay

92nd percentile

$370,479

Higher top officer pay than 92% of similar nonprofits.

Top officer pay equals 7.0% of source-year revenue.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2019

Asset Growth

70th percentile

11%

Faster asset growth than 70% of similar nonprofits.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2018 to 2019

Revenue Growth

15th percentile

-19%

Faster revenue growth than 15% of similar nonprofits.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2018 to 2019

Assets

Up

$9,578,417

Up $948,460 (+11%) from 2018

Net Assets

Up

$5,619,754

Up $724,891 (+15%) from 2018

Liabilities

Up

$3,958,663

Up $223,569 (+6.0%) from 2018

Revenue

Down

$5,330,224

Down $1,266,407 (-19%) from 2018

Expenses

Down

$4,655,160

Down $423,777 (-8.3%) from 2018

Net Income

Down

$675,064

Down $842,630 (-56%) from 2018

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

2019

Assets$9,578,417
Liabilities$3,958,663
Net Assets$5,619,754

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

2019

Revenue$5,330,224
Expenses$4,655,160
Net Income$675,064
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
Jul 14, 2020
Return Version
2018v3.1
Gross Receipts
$8,084,878
Mission and Program Overview

Mission

Beating poverty through quality education.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$3,918,061$4,173,708▲ $255,647
Land, Buildings, and Equipment, Net$1,113,839$2,417,917▲ $1,304,078
Cash and Non-Interest-Bearing Accounts$1,827,098$1,647,812▼ $179,286
Other Notes and Loans Receivable, Net$626,247$1,151,212▲ $524,965
Pledges and Grants Receivable$1,129,963$151,381▼ $978,582
Prepaid Expenses and Deferred Charges$14,749$36,387▲ $21,638
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0--
Investments Program Related$0--
Loans From Officers Directors$0$0→ $0
Total Assets$8,629,957$9,578,417▲ $948,460
Other Assets Total$0$0→ $0
Liabilities
Mortgage Notes Payable Secured by Investment Property$3,400,022$3,345,125▼ $54,897
Accounts Payable and Accrued Expenses$260,099$474,139▲ $214,040
Other Liabilities$74,973$139,399▲ $64,426
Total Liabilities$3,735,094$3,958,663▲ $223,569
Net Assets / Fund Balance
Unrestricted Net Assets$4,894,863$5,619,754▲ $724,891
Total Net Assets Fund Balance$4,894,863$5,619,754▲ $724,891
Total Liabilities and Net Assets / Fund Balance$8,629,957$9,578,417▲ $948,460

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$2,120,000$0$2,120,000
Equipment$293,154$590,642$883,796
Other Land Buildings$4,763$52,391$57,154
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
-President/CEOFT$248,126$122,353$370,479
-Vice President/CFOFT$206,000$115,180$321,180
-Chief Accounting OfficerFT$140,181$32,033$172,214

Board Members and Trustees

NameTitle
-Chair
-Vice Chair
-Board Member
-Secretary/Treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,025,100
Program Service Revenue
$3,543,441
Investment Income
$694,749
Other Revenue
$66,934
All Other Contributions
$1,025,100
Change in Net Assets
$675,064

Audited Revenue Reconciliation

Revenue per Audited Statements
$5,299,777
Revenue Not Reported on Financial Statements
$30,447
Revenue Not Reported on Form 990
$49,827
Other Revenue Adjustments
$0
Total Revenue per Audited Statements
$5,349,604
Total Revenue per Form 990
$5,330,224
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$3,326,738
Other Expenses$1,328,422
Total Fundraising Expense$155,801
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,100,554$203,806$54,348$1,358,708
Other Employee Benefits$970,579$108,952$740$1,080,271
Current Officers, Directors, Trustees, and Key Employees$473,352$144,210$50,814$668,376
Fees for Services Legal$98,314$229,398-$327,712
Depreciation Depletion$164,663$41,166-$205,829
Occupancy$114,611$21,224$5,660$141,495
Payroll Taxes$106,741$19,767$5,271$131,779
Interest$86,910$16,094$4,292$107,296
Travel$75,676$14,014$3,737$93,427
Pension Plan Contributions$70,959$13,141$3,504$87,604
Fees for Services Other$26,087$60,869$0$86,956
Fees for Services Accounting$12,794$29,854-$42,648
Fees for Service Investment Mgmnt Fees-$30,447-$30,447
Information Technology$27,238$3,027-$30,265
Office Expenses$23,554$4,362$1,163$29,079
Insurance-$26,714-$26,714
Advertising--$25,638$25,638
Other Expenses$19,899$145,169-$19,899
All Other Expenses$12,838$2,376$634$15,848
Total Functional Expenses$3,384,769$1,114,590$155,801$4,655,160

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$4,655,160
Expenses per Audited Statements$4,624,713
Total Expenses per Audited Statements$4,624,713
Expenses Not Reported on Financial Statements$30,447
Expenses Not Reported on Form 990$0
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
Insider Transactions and Loans

Loans and Receivables

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

Other Reported Liabilities

LiabilityAmount
Note Payable Related Party$139,399
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 8B Documentation of meetings held by committees of governing body

The organization does not have any committees with authority to act on behalf of the governing body.

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 statement. 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 was last conducted January 2018.

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 was last conducted January 2018.

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
3145 N Meridian Street, Indianapolis, IN 46208

Signing Officer

Name
Dana Johnson Teasley
Title
Vice President/CFO
Signed
2020-07-14
Discuss with paid preparer
Yes

Organization Details

Formed
1998
Legal Domicile
In
Voting Board Members
5
Independent Board Members
4
Employees
26
Volunteers
6

Preparer

Firm
Crowe 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, 2019 and 2018.

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IRS990/LandBldgEquipBasisNetGrp/EOYAmt02417917
IRS990/LandBldgEquipCostOrOtherBssAmt03060950
IRS990/LegalDomicileStateCd0IN
IRS990/LessCostOthBasisSalesExpnssGrp/OtherAmt0797495
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt01957159
IRS990/LessRentalExpensesGrp/RealAmt00
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IRS990/LoansFromOfficersDirectorsGrp/EOYAmt00
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0false
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MiscellaneousRevenueGrp/ExclusionAmt00
IRS990/MiscellaneousRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/MiscellaneousRevenueGrp/TotalRevenueColumnAmt00
IRS990/MiscellaneousRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/MissionDesc0Beating poverty through quality education.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt03400022
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt03345125
IRS990/NetAssetsOrFundBalancesBOYAmt04894863
IRS990/NetAssetsOrFundBalancesEOYAmt05619754
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt0614906
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0614906
IRS990/NetRentalIncomeOrLossGrp/ExclusionAmt066934
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt066934
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt049827
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/FundraisingAmt05660
IRS990/OccupancyGrp/ManagementAndGeneralAmt021224
IRS990/OccupancyGrp/ProgramServicesAmt0114611
IRS990/OccupancyGrp/TotalAmt0141495
IRS990/OfficeExpensesGrp/FundraisingAmt01163
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt04362
IRS990/OfficeExpensesGrp/ProgramServicesAmt023554
IRS990/OfficeExpensesGrp/TotalAmt029079
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt00
IRS990/OtherAssetsTotalGrp/EOYAmt00
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt0740
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt0108952
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0970579
IRS990/OtherEmployeeBenefitsGrp/TotalAmt01080271
IRS990/OtherExpensesGrp/Desc0Dues and Subscriptions
IRS990/OtherExpensesGrp/Desc1Promote Quality Education
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0145169
IRS990/OtherExpensesGrp/ProgramServicesAmt019899
IRS990/OtherExpensesGrp/TotalAmt0145169
IRS990/OtherExpensesGrp/TotalAmt119899
IRS990/OtherLiabilitiesGrp/BOYAmt074973
IRS990/OtherLiabilitiesGrp/EOYAmt0139399
IRS990/OtherRevenueTotalAmt00
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt054348
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0203806
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt01100554
IRS990/OtherSalariesAndWagesGrp/TotalAmt01358708
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt0626247
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt01151212
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/FundraisingAmt05271
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt019767
IRS990/PayrollTaxesGrp/ProgramServicesAmt0106741
IRS990/PayrollTaxesGrp/TotalAmt0131779
IRS990/PensionPlanContributionsGrp/FundraisingAmt03504
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt013141
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt070959
IRS990/PensionPlanContributionsGrp/TotalAmt087604
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt01129963
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0151381
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt014749
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt036387
IRS990/PrincipalOfcrBusinessName/BusinessNameLine1Txt0Kevin Teasley
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0611710
IRS990/ProgramServiceRevenueGrp/Desc0Supporting Services
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt03543441
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt03543441
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0275152
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt02228344
IRS990/PYOtherExpensesAmt02266005
IRS990/PYOtherRevenueAmt0583422
IRS990/PYProgramServiceRevenueAmt03509713
IRS990/PYRevenuesLessExpensesAmt01517694
IRS990/PYSalariesCompEmpBnftPaidAmt02812932
IRS990/PYTotalExpensesAmt05078937
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt06596631
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/BOYAmt00
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/BOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0675064
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0true
IRS990/RentalIncomeOrLossGrp/PersonalAmt00
IRS990/RentalIncomeOrLossGrp/RealAmt066934
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt03543441
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0GEO Foundation's ("GEO") external legal counsel has reviewed and determined that GEO is an educational institution pursuant to Code Section 170(b)(1)(A)(ii).Accordingly, Schedule A, Line 2 has been updated to reflect this change in public charity status.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0Schedule A, Part I, Line 2 Reason for Public Charity Status
IRS990ScheduleA/SchoolInd0X
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/BuildingsGrp/BookValueAmt02120000
IRS990ScheduleD/BuildingsGrp/DepreciationAmt00
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt02120000
IRS990ScheduleD/EquipmentGrp/BookValueAmt0293154
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0590642
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0883796
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt030447
IRS990ScheduleD/ExpensesSubtotalAmt04624713
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InvestmentExpensesNotIncld2Amt030447
IRS990ScheduleD/InvestmentExpensesNotIncldAmt030447
IRS990ScheduleD/NetUnrealizedGainsInvstAmt049827
IRS990ScheduleD/OtherExpensesIncludedAmt00
IRS990ScheduleD/OtherExpensesNotIncludedAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt04763
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt052391
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt057154
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0139399
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0NOTE PAYABLE RELATED PARTY
IRS990ScheduleD/OtherRevenueAmt00
IRS990ScheduleD/OtherRevenuesNotIncludedAmt00
IRS990ScheduleD/RevenueNotReportedAmt049827
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt030447
IRS990ScheduleD/RevenueSubtotalAmt05299777
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0The 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, 2019 and 2018.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote
IRS990ScheduleD/TotalBookValueLandBuildingsAmt02417917
IRS990ScheduleD/TotalExpensesPerForm990Amt04655160
IRS990ScheduleD/TotalLiabilityAmt0139399
IRS990ScheduleD/TotalRevenuePerForm990Amt05330224
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt05349604
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt04624713
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0Pursuant to disclosure in Schedule A, Part I, Line 2, Geo Foundation's ("GEO") external legal counsel has reviewed and determined that GEO is an educational institution pursuant to Code Section 170(b)(1)a(ii). As such, Schedule E has been triggered as a required supplemental schedule. While GEO does not conduct day-to-day instruction, it exercises meaningful and sufficient control of the related schools as outlined in Schedule R, Part II. Therefore, the questions outlined in Schedule E are most applicable to the schools to which GEO oversees and have been disclosed on the respective Forms 990, Schedule E, as required.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule E, Part I Schedule left blank
IRS990ScheduleJ/AnyNonFixedPaymentsInd0false
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd0false
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd0false
IRS990ScheduleJ/CompensationSurveyInd0X
IRS990ScheduleJ/EquityBasedCompArrngmInd0false
IRS990ScheduleJ/InitialContractExceptionInd0false
IRS990/ScheduleJRequiredInd0true
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0248126
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt1206000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt2140181
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount083725
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount199440
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount211000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BusinessName/BusinessNameLine1Txt0KEVIN TEASLEY
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BusinessName/BusinessNameLine1Txt1DANA JOHNSON Teasley
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BusinessName/BusinessNameLine1Txt2Kathy Pitts
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt013390
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt111779
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt29527
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt010833
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt28718
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt00

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