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Nonprofiteer
← ODYSSEY INC

Form 990 for tax year 2024

Filed by ODYSSEY INC.

Totals

Total revenue
$866,682
Total expenses
$1,210,984
Contributions and grants received
$571,002
Grants paid
$4,500
Program service revenue
$12,274
Investment income
$87,347
Other revenue
$196,059
Total assets, end of year
$2,208,616
Total liabilities, end of year
$833,077
Net assets or fund balances, end of year
$1,375,539
Program services expenses (Part IX)
$899,241
Management and general expenses
$203,148
Fundraising expenses
$108,595
Program service expenses (Part III)
$899,241

Program services were 74.3% 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.

  • 1c · Fundraising events

    $137,618

  • 1f · All other contributions, gifts and grants

    $433,384

  • 2a · Program service revenue: STUDENT APPLICATION FEE

    total $12,274 · related or exempt $12,274

  • 3 · Investment income

    total $87,347 · excluded $87,347

  • 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

    $363,076

  • 8a · Fundraising events: contributions included on line 1c

    $137,618

  • 8b · Fundraising events: direct expenses

    $171,819

  • 8c · Net income from fundraising events

    total $191,257 · excluded $191,257

  • 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

  • 11a · Other revenue: MISCELLANEOUS REVENUE

    total $4,802 · related or exempt $4,802

  • 11e · Other revenue, total

    $4,802

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $0

  • 2 · Grants to domestic individuals

    total $4,500 · program services $4,500

  • 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 $182,686 · program services $149,364 · management and general $16,990 · fundraising $16,332

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $490,609 · program services $401,122 · management and general $45,626 · fundraising $43,861

  • 8 · Pension plan contributions

    total $0

  • 9 · Other employee benefits

    total $18,291 · program services $14,955 · management and general $1,701 · fundraising $1,635

  • 10 · Payroll taxes

    total $48,105 · program services $39,331 · management and general $4,473 · fundraising $4,301

  • 11a · Fees: management

    total $0

  • 11b · Fees: legal

    total $0

  • 11c · Fees: accounting

    total $98,874 · management and general $98,874

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $0

  • 11f · Fees: investment management

    total $0

  • 11g · Fees: other

    total $42,888 · management and general $4,286 · fundraising $38,602

  • 12 · Advertising and promotion

    total $7,747 · management and general $5,984 · fundraising $1,763

  • 13 · Office expenses

    total $47,572 · program services $47,287 · management and general $238 · fundraising $47

  • 14 · Information technology

    total $26,629 · program services $26,469 · management and general $133 · fundraising $27

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $437 · program services $437

  • 17 · Travel

    total $132,760 · program services $132,627 · management and general $133

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $6,342 · program services $6,304 · management and general $32 · fundraising $6

  • 20 · Interest

    total $0

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $0

  • 23 · Insurance

    total $17,724 · program services $13,236 · management and general $4,488

  • 24a · Other expenses: FOOD AND SNACKS

    total $62,590 · program services $60,247 · management and general $1,986 · fundraising $357

  • 24b · Other expenses: BAD DEBT EXPENSE

    total $12,200 · program services $0 · management and general $12,200 · fundraising $0

  • 24c · Other expenses: GRADUATION EXPENSES

    total $3,944 · program services $1,599 · management and general $1,554 · fundraising $791

  • 24d · Other expenses: BANK FEES

    total $2,737 · program services $0 · management and general $2,737 · fundraising $0

  • 24e · All other expenses

    total $4,349 · program services $1,763 · management and general $1,713 · fundraising $873

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $375,455 · end of year $925,626

  • 2 · Savings and temporary cash investments

    beginning of year $0 · end of year $0

  • 3 · Pledges and grants receivable

    beginning of year $0 · end of year $0

  • 4 · Accounts receivable

    beginning of year $153,356 · end of year $94,776

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 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 $10,711 · end of year $0

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $0

  • 11 · Investments: publicly traded securities

    beginning of year $1,195,028 · end of year $1,188,214

  • 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 $0 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $83,684 · end of year $833,077

  • 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 $0 · end of year $0

  • 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 $1,497,510 · end of year $1,280,763

  • 28 · Net assets with donor restrictions

    beginning of year $153,356 · end of year $94,776

Mission and programs · 2024

Mission

ODYSSEY PROVIDES YEAR-ROUND ACADEMIC ENRICHMENT, COLLEGE SUCCESS, AND CAREER READINESS PROGRAMS FOR MOTIVATED STUDENTS IN GRADES 2-12 FROM HISTORICALLY UNDERSERVED COMMUNITIES, PREPARING THEM TO GRADUATE FROM HIGH SCHOOL, SUCCEED IN COLLEGE, AND THRIVE IN THEIR CAREERS.

Activities or mission (Part I)

TO EXPAND THE AMBITIONS OF ATLANTA STUDENTS AND EMPOWER THEM ON A SUCCESSFUL JOURNEY TO COLLEGE AND A FULFILLING CAREER.

  • ODYSSEY HIGH SCHOOL SERVES 134 STUDENTS IN RISING GRADES 9-12 DURING A FIVE-WEEK SUMMER PROGRAM. THE PROGRAM ADVANCES ACADEMIC ACHIEVEMENT, LEADERSHIP DEVELOPMENT, AND COLLEGE AND CAREER READINESS THROUGH PROJECT-BASED LEARNING, CORE INSTRUCTION IN MATH, WRITING, AND PUBLIC SPEAKING, AND ELECTIVES THAT BUILD STEAM, WORKFORCE, AND PROFESSIONAL SKILLS. RISING SENIORS PARTICIPATE IN ODYSSEY UNIVERSITY, A COLLEGE SUCCESS AND CAREER READINESS PROGRAM THAT GUIDES STUDENTS THROUGH COLLEGE APPLICATIONS, ESSAYS, FINANCIAL AID, CAREER EXPLORATION, AND POSTSECONDARY PLANNING. SENIORS ALSO PARTICIPATE IN A WEEK-LONG COLLEGE TOUR TO EXPLORE INSTITUTIONS THAT ALIGN WITH THEIR ACADEMIC, CAREER, AND PERSONAL GOALS.

    Expenses $327,209 · Grants $4,500 · Revenue $6,214

  • ODYSSEY MIDDLE SCHOOL SERVED 108 STUDENTS IN RISING GRADES 6-8 DURING A FIVE-WEEK SUMMER PROGRAM. THE PROGRAM STRENGTHENS ACADEMIC ACHIEVEMENT, LEADERSHIP DEVELOPMENT, AND COLLEGE AND CAREER AWARENESS THROUGH PROJECT-BASED LEARNING, DESIGN THINKING, AND CORE INSTRUCTION IN READING, WRITING, AND MATH. EACH GRADE LEVEL PARTICIPATES IN HANDS-ON LEARNING EXPERIENCES THAT BUILD CRITICAL THINKING, CONFIDENCE, AND THE SKILLS NEEDED FOR SUCCESS IN HIGH SCHOOL, COLLEGE, AND FUTURE CAREERS.

    Expenses $274,177 · Revenue $5,206

  • ODYSSEY ELEMENTARY SCHOOL SERVED 85 STUDENTS IN RISING GRADES 2-5 DURING A FIVE-WEEK SUMMER PROGRAM. THE PROGRAM BUILDS A STRONG FOUNDATION FOR ACADEMIC ACHIEVEMENT, CURIOSITY, CONFIDENCE, AND A LOVE OF LEARNING. HIGHLY QUALIFIED EDUCATORS DELIVER A CURRICULUM GROUNDED IN READING, WRITING, AND MATH THROUGH DESIGN THINKING, PROJECT-BASED LEARNING, AND HANDS-ON EXPERIENCES THAT DEVELOP CRITICAL THINKING, CREATIVITY, AND LEADERSHIP SKILLS WHILE PREPARING SCHOLARS FOR CONTINUED SUCCESS IN SCHOOL.

    Expenses $297,855 · Revenue $5,656

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Thad Persons

    BOARD MEMBER

    Total calculated
    $280,239
    From this org
    $0
    From related orgs
    $195,487
    Other
    $84,752
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    not reported + $194,996 related
    Bonus
    not reported
    Other
    not reported + $491 related
    Deferred
    not reported + $18,226 related
    Nontaxable benefits
    not reported + $66,526 related
    Filer's total
    not reported + $280,239 related

  • Likisha Stanley

    EXECUTIVE DIRECTOR

    Total calculated
    $186,560
    From this org
    $155,227
    From related orgs
    $0
    Other
    $31,333
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $155,227
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    $31,479
    Filer's total
    $186,706

  • Ilene Albert

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Jen Alewine

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Corrie Alford

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Elizabeth Allan

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Jared Bailey

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Jen Bennecke

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Stephanie Bignon

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Christine Boucher

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Cathy Cloud

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Eshe Collins

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Farrah Fang

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Sabrina Green

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Shawn Hall

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Tia Harley

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Allison Hill

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Whit Lanier

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Lauren Lindenbaum

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Mandira Mehra

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Komal Patel

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Melanie Schoen

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Wendy Stengel

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Allyson Terry

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Dominique Thompson

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

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 · 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

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.

Provenance

Return type
form_990
Tax year
2024
Filed
17 August 2026
IRS schema version
2024v5.2
Source object
202602199349301430

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