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← GREATER SCHOOLS

Form 990 for tax year 2023

Filed by GREATER SCHOOLS.

Totals

Total revenue
$11,566,312
Total expenses
$6,360,229
Contributions and grants received
$11,414,266
Grants paid
$0
Program service revenue
$49,304
Investment income
$102,742
Other revenue
$0
Total assets, end of year
$64,604,751
Total liabilities, end of year
$29,472,217
Net assets or fund balances, end of year
$35,132,534
Program services expenses (Part IX)
$6,257,283
Management and general expenses
$102,946
Fundraising expenses
$0
Program service expenses (Part III)
$6,257,283

Program services were 98.4% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1d · Related organizations

    $9,529,416

  • 1e · Government grants (contributions)

    $1,883,923

  • 1f · All other contributions, gifts and grants

    $927

  • 2a · Program service revenue: SCHOOL FEES

    total $39,134 · related or exempt $39,134

  • 2b · Program service revenue: PROGRAM RENT

    total $10,170 · related or exempt $10,170

  • 3 · Investment income

    total $102,742 · excluded $102,742

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0

  • 5 · Royalties

    total $0

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 6d · Net rental income or loss

    total $0

  • 7d · Net gain or loss

    total $0

  • 8a · Fundraising events: gross income

    $0

  • 8b · Fundraising events: direct expenses

    $0

  • 8c · Net income from fundraising events

    total $0

  • 9a · Gaming: gross income

    $0

  • 9b · Gaming: direct expenses

    $0

  • 9c · Net income from gaming

    total $0

  • 10a · Gross sales of inventory

    $0

  • 10b · Cost of goods sold

    $0

  • 10c · Net income from sales of inventory

    total $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $0

  • 2 · Grants to domestic individuals

    total $0

  • 3 · Grants to foreign organizations and individuals

    total $0

  • 4 · Benefits paid to or for members

    total $0

  • 5 · Compensation of officers, directors and key employees

    total $205,891 · program services $102,945 · management and general $102,946

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $2,069,246 · program services $2,069,246

  • 8 · Pension plan contributions

    total $17,043 · program services $17,043

  • 9 · Other employee benefits

    total $289,739 · program services $289,739

  • 10 · Payroll taxes

    total $184,132 · program services $184,132

  • 11a · Fees: management

    total $0

  • 11b · Fees: legal

    total $33,592 · program services $33,592

  • 11c · Fees: accounting

    total $5,450 · program services $5,450

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $0

  • 11f · Fees: investment management

    total $0

  • 11g · Fees: other

    total $98,883 · program services $98,883

  • 12 · Advertising and promotion

    total $49,471 · program services $49,471

  • 13 · Office expenses

    total $56,010 · program services $56,010

  • 14 · Information technology

    total $182,287 · program services $182,287

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $322,901 · program services $322,901

  • 17 · Travel

    total $44,765 · program services $44,765

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $0

  • 20 · Interest

    total $1,339,429 · program services $1,339,429

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $112,684 · program services $112,684

  • 23 · Insurance

    total $69,798 · program services $69,798

  • 24a · Other expenses: SCHOOL PROGRAM EXPENSE

    total $977,131 · program services $977,131

  • 24b · Other expenses: TRAINING

    total $74,733 · program services $74,733

  • 24c · Other expenses: CLEANING

    total $64,963 · program services $64,963

  • 24d · Other expenses: REPAIRS & MAINTENANCE

    total $104,574 · program services $104,574

  • 24e · All other expenses

    total $57,507 · program services $57,507

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $4,306,936 · end of year $1,336,538

  • 2 · Savings and temporary cash investments

    beginning of year $0 · end of year $123,861

  • 3 · Pledges and grants receivable

    beginning of year $0 · end of year $0

  • 4 · Accounts receivable

    beginning of year $48,302 · end of year $226,985

  • 5 · Loans and receivables from officers and key people

    beginning of year $20,000 · end of year $20,000

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 7 · Other notes and loans receivable

    beginning of year $0 · end of year $0

  • 8 · Inventories for sale or use

    beginning of year $0 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $57,792 · end of year $56,643

  • 10a · Land, buildings and equipment: cost or other basis

    $62,730,838

  • 10b · Land, buildings and equipment: accumulated depreciation

    $216,195

  • 10c · Land, buildings and equipment, net

    beginning of year $941,885 · end of year $62,514,643

  • 11 · Investments: publicly traded securities

    beginning of year $0 · end of year $0

  • 12 · Investments: other securities

    beginning of year $0 · end of year $0

  • 13 · Investments: program-related

    beginning of year $0 · end of year $0

  • 14 · Intangible assets

    beginning of year $0 · end of year $0

  • 15 · Other assets

    beginning of year $28,641,796 · end of year $326,081

  • 17 · Accounts payable and accrued expenses

    beginning of year $2,355,308 · end of year $10,436,827

  • 18 · Grants payable

    beginning of year $0 · end of year $0

  • 19 · Deferred revenue

    beginning of year $0 · end of year $0

  • 20 · Tax-exempt bond liabilities

    beginning of year $0 · end of year $0

  • 21 · Escrow or custodial account liability

    beginning of year $0 · end of year $0

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $1,735,000 · end of year $19,035,390

  • 24 · Unsecured notes and loans payable

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $0 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $29,926,403 · end of year $35,132,534

  • 28 · Net assets with donor restrictions

    beginning of year $0 · end of year $0

Mission and programs · 2023

Mission

TO PROVIDE STUDENTS, FROM PRESCHOOL AND KINDERGARTEN THROUGH GRADE 8, A COURSE OF STUDY THAT MEETS OR EXCEEDS THE REQUIREMENTS FOR SCHOOL ACCREDITATION IN THE STATE OF OHIO.

  • THE GREATER DAYTON SCHOOL EDUCATES STUDENTS IN PREK THROUGH EIGHTH GRADE, AND IS OHIO'S FIRST PRIVATE NON-RELIGIOUS SCHOOL EXCLUSIVELY FOR UNDER-RESOURCED STUDENTS. THE SCHOOL USES A NATIONAL MODEL CONCEIVED AND REALIZED IN THE HEART OF DAYTON. A MODEL THAT SHOWS WHAT UNDERSERVED KIDS ARE CAPABLE OF ACCOMPLISHING NOT JUST AS STUDENTS, BUT THROUGHOUT THEIR LIVES WHEN THEY HAVE ACCESS TO ALL THE RESOURCES THEY NEED TO SUCCEED.

    Expenses $6,257,283 · Revenue $49,304

As filed on the 2023 return.

Listed in Part VII

  • Ryan Ernst

    DIRECTOR, VP, SECRETARY

    Total calculated
    $241,925
    From this org
    $0
    From related orgs
    $200,000
    Other
    $41,925
    Hours/week
    12 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $200,000 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $18,000 related
    Nontaxable benefits
    $0 + $23,925 related
    Filer's total
    $0 + $241,925 related

  • Adam Stich

    FOUNDING PRINCIPAL

    Total calculated
    $205,891
    From this org
    $183,910
    From related orgs
    $0
    Other
    $21,981
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $183,910
    Bonus
    $0
    Other
    $0
    Deferred
    $1,712
    Nontaxable benefits
    $20,269
    Filer's total
    $205,891

  • Sarah Sealock

    DIRECTOR OF OPERATIONS

    Total calculated
    $154,980
    From this org
    $131,445
    From related orgs
    $0
    Other
    $23,535
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $131,445
    Bonus
    $0
    Other
    $0
    Deferred
    $3,266
    Nontaxable benefits
    $20,269
    Filer's total
    $154,980

  • Mike McQuiston

    DIRECTOR

    Total calculated
    $37,391
    From this org
    $0
    From related orgs
    $20,000
    Other
    $17,391
    Hours/week
    1 + 20 related

  • Lawrence Connor

    DIRECTOR AND PRESIDENT

    Total calculated
    $0
    Hours/week
    1 + 1 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Written employment contract

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • GDS PROPERTY HOLDINGS LLC

    PROP HLDG LLC · OH · income $15,609,629 · assets $61,895,629

    Directly controlled by GDS

Provenance

Return type
form_990
Tax year
2023
Filed
13 May 2025
IRS schema version
2023v6.0
Source object
202501359349308550

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