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← GREATER EDUCATION OPPORTUNITIES FOUNDATION

Form 990 for tax year 2022

Filed by GREATER EDUCATION OPPORTUNITIES FOUNDATION.

Totals

Total revenue
$14,125,350
Total expenses
$13,459,720
Contributions and grants received
$5,089,981
Grants paid
$1,829,942
Program service revenue
$7,573,013
Investment income
$436,097
Other revenue
$1,026,259
Total assets, end of year
$23,155,888
Total liabilities, end of year
$11,029,703
Net assets or fund balances, end of year
$12,126,185
Program services expenses (Part IX)
$10,319,952
Management and general expenses
$2,985,189
Fundraising expenses
$154,579
Program service expenses (Part III)
$10,319,952

Program services were 76.7% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • JEFF READY

    Chair

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • John Gottsman

    Vice Chair

    Total calculated
    $0
    Hours/week
    1

  • KEVIN TEASLEY

    PRESIDENT/CEO

    Total calculated
    $458,942
    From this org
    $402,175
    From related orgs
    $0
    Other
    $56,767
    Hours/week
    40 + 2 related

    Schedule J breakdown matched by us

    Base
    $299,214
    Bonus
    $72,000
    Other
    $30,961
    Deferred
    $38,277
    Nontaxable benefits
    $18,490
    Filer's total
    $458,942

  • DANA L Teasley

    VICE PRESIDENT/CFO

    Total calculated
    $350,979
    From this org
    $312,999
    From related orgs
    $0
    Other
    $37,980
    Hours/week
    40 + 2 related

    Schedule J breakdown matched by us

    Base
    $260,000
    Bonus
    $35,000
    Other
    $17,999
    Deferred
    $37,980
    Nontaxable benefits
    $0
    Filer's total
    $350,979

  • Jeffery Lozer

    Chief Operations Officer

    Total calculated
    $157,168
    From this org
    $125,749
    From related orgs
    $0
    Other
    $31,419
    Hours/week
    40 + 2 related

    Schedule J breakdown matched by us

    Base
    $119,914
    Bonus
    $0
    Other
    $5,835
    Deferred
    $8,530
    Nontaxable benefits
    $22,889
    Filer's total
    $157,168

  • Kathy Pitts

    Chief Accounting Officer

    Total calculated
    $219,061
    From this org
    $192,140
    From related orgs
    $0
    Other
    $26,921
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $170,371
    Bonus
    $10,000
    Other
    $11,769
    Deferred
    $10,973
    Nontaxable benefits
    $15,948
    Filer's total
    $219,061

  • Sandra Douglas

    Chief Academic Officer

    Total calculated
    $178,899
    From this org
    $167,224
    From related orgs
    $0
    Other
    $11,675
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $147,186
    Bonus
    $10,000
    Other
    $10,038
    Deferred
    $10,126
    Nontaxable benefits
    $1,549
    Filer's total
    $178,899

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 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

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

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.

  • GEOF HOLDINGS INDIANA LLC

    REAL ESTATE · IN · income $0 · assets $10,374

    Directly controlled by GREATER EDUCATIONAL OPPORTUNITIES FOUNDATION

  • GEOF HOLDINGS COLORADO LLC

    REAL ESTATE · CO · income $0 · assets $0

    Directly controlled by GREATER EDUCATIONAL OPPORTUNITIES FOUNDATION

  • GEO ACADEMIES INDIANA HOLDING LLC

    EDUCATION · IN · income $640,484 · assets $4,723,337

    Directly controlled by GREATER EDUCATIONAL OPPORTUNITIES FOUNDATION

Provenance

Return type
form_990
Tax year
2022
Filed
10 May 2024
IRS schema version
2022v5.0
Source object
202441319349303394

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