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Nonprofiteer
← ODYSSEY INC

Form 990 for tax year 2022

Filed by ODYSSEY INC.

Totals

Total revenue
$1,094,565
Total expenses
$1,330,631
Contributions and grants received
$876,607
Grants paid
$3,750
Program service revenue
$9,690
Investment income
$52,083
Other revenue
$156,185
Total assets, end of year
$2,287,217
Total liabilities, end of year
$29,871
Net assets or fund balances, end of year
$2,257,346
Program services expenses (Part IX)
$881,167
Management and general expenses
$271,422
Fundraising expenses
$178,042
Program service expenses (Part III)
$881,167

Program services were 66.2% 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

    $332,029

  • 1f · All other contributions, gifts and grants

    $544,578

  • 2a · Program service revenue: STUDENT APPLICATION FEE

    total $9,690 · related or exempt $9,690

  • 3 · Investment income

    total $52,083 · excluded $52,083

  • 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

    $388,676

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

    $332,029

  • 8b · Fundraising events: direct expenses

    $232,491

  • 8c · Net income from fundraising events

    total $156,185 · excluded $156,185

  • 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 $3,750 · program services $3,750

  • 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 $186,306 · program services $139,605 · management and general $5,547 · fundraising $41,154

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $478,615 · program services $358,641 · management and general $14,251 · fundraising $105,723

  • 8 · Pension plan contributions

    total $0

  • 9 · Other employee benefits

    total $18,154 · program services $13,603 · management and general $541 · fundraising $4,010

  • 10 · Payroll taxes

    total $49,490 · program services $37,084 · management and general $1,474 · fundraising $10,932

  • 11a · Fees: management

    total $0

  • 11b · Fees: legal

    total $0

  • 11c · Fees: accounting

    total $102,396 · management and general $102,396

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $0

  • 11f · Fees: investment management

    total $0

  • 11g · Fees: other

    total $78,634 · program services $6,923 · management and general $71,711

  • 12 · Advertising and promotion

    total $9,920 · management and general $7,664 · fundraising $2,256

  • 13 · Office expenses

    total $52,385 · program services $32,555 · management and general $14,428 · fundraising $5,402

  • 14 · Information technology

    total $29,544 · program services $18,360 · management and general $8,137 · fundraising $3,047

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $0

  • 17 · Travel

    total $182,289 · program services $181,619 · management and general $535 · fundraising $135

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $605 · program services $376 · management and general $167 · fundraising $62

  • 20 · Interest

    total $0

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $0

  • 23 · Insurance

    total $13,208 · program services $9,863 · management and general $3,345

  • 24a · Other expenses: FOOD AND SNACKS

    total $77,742 · program services $74,831 · management and general $2,467 · fundraising $444

  • 24b · Other expenses: BANK FEES

    total $23,578 · management and general $23,578

  • 24c · Other expenses: OTHER EXPENSES

    total $14,015 · program services $3,957 · management and general $5,181 · fundraising $4,877

  • 24d · Other expenses: BAD DEBT EXPENSES

    total $10,000 · management and general $10,000

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $190,880 · end of year $83,384

  • 2 · Savings and temporary cash investments

    beginning of year $999,813 · end of year $791,238

  • 3 · Pledges and grants receivable

    beginning of year $0 · end of year $0

  • 4 · Accounts receivable

    beginning of year $435,156 · end of year $420,311

  • 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 $15,500 · end of year $40,066

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $0

  • 11 · Investments: publicly traded securities

    beginning of year $849,137 · end of year $952,218

  • 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 $11,566 · end of year $29,871

  • 18 · Grants payable

    beginning of year $0 · end of year $0

  • 19 · Deferred revenue

    beginning of year $62,093 · 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 $1,710,936 · end of year $1,708,640

  • 28 · Net assets with donor restrictions

    beginning of year $705,891 · end of year $548,706

Mission and programs · 2022

Mission

ODYSSEY PARTNERS WITH THE ATLANTA PUBLIC SCHOOLS TO SERVE STUDENTS IN GRADE 1-12 FROM ECONOMICALLY DISADVANTAGED COMMUNITIES. ODYSSEY FOCUSES ON STUDENTS WITH UNMET POTENTIAL, PREPARING THEM FOR HIGH SCHOOL GRADUATION AND SUPPORTING THEM ON THEIR PATH TO COLLEGE.

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 SERVED 101 STUDENTS IN RISING GRADES 9-12 DURING THE COURSE OF 5 WEEKS. ODYSSEY ENCOURAGES STUDENTS TO ENHANCE THEIR SKILLS BOTH INSIDE AND OUTSIDE THE CLASSROOM. WE HIRE "BEST IN CLASS" TEACHERS FROM ATLANTA AND BEYOND WHO TEACH CURRICULUM GROUNDED IN READING, WRITING, AND MATH THROUGH DESIGN THINKING AND PROJECT-BASED LEARNING. Each grade level's curriculum is founded on a theme, which helps govern content, field trips, and projects. Providing this dynamic program for low income, underserved students ensures that students not only avoid a loss of academic skills, but are also able to get a jump on the next school year.

    Expenses $305,342 · Grants $3,750 · Revenue $3,358

  • ODYSSEY MIDDLE SCHOOL Served 106 students in rising grades 6-8 during the course of 6 weeks. Odyssey's encourages students to enhance their skills both inside and outside the classroom. We hire "best in class" teachers from Atlanta and beyond who teach curriculum grounded in reading, writing, and math through design thinking and project-based learning. Each grade level's curriculum is founded on a theme, which helps govern content, field trips, and projects. Providing this dynamic program for low income, underserved students ensures that students not only avoid a loss of academic skills, but are also able to get a jump on the next school year.

    Expenses $275,275 · Revenue $3,027

  • ODYSSEY ELEMENTARY SCHOOL Served 131 students in rising grades 1-5 during the course of 6 weeks. Odyssey's encourages students to enhance their skills both inside and outside the classroom. We hire "best in class" teachers from Atlanta and beyond who teach curriculum grounded in reading, writing, and math through design thinking and project-based learning. Each grade level's curriculum is founded on a theme, which helps govern content, field trips, and projects. Providing this dynamic program for low income, underserved students ensures that students not only avoid a loss of academic skills, but are also able to get a jump on the next school year.

    Expenses $300,550 · Revenue $3,305

As filed on the 2022 return.

Listed in Part VII

  • Torrey Williams

    BOARD MEMBER

    Total calculated
    $245,775
    From this org
    $0
    From related orgs
    $199,063
    Other
    $46,712
    Hours/week
    1

    Schedule J breakdown matched by us

    Base
    not reported + $188,309 related
    Bonus
    not reported + $10,000 related
    Other
    not reported + $754 related
    Deferred
    not reported + $11,978 related
    Nontaxable benefits
    not reported + $34,734 related
    Filer's total
    not reported + $245,775 related

  • Robert Ryshke

    BOARD MEMBER

    Total calculated
    $210,547
    From this org
    $0
    From related orgs
    $181,759
    Other
    $28,788
    Hours/week
    1

    Schedule J breakdown matched by us

    Base
    not reported + $181,087 related
    Bonus
    not reported
    Other
    not reported + $672 related
    Deferred
    not reported + $15,936 related
    Nontaxable benefits
    not reported + $12,852 related
    Filer's total
    not reported + $210,547 related

  • Jeffrey Cohen

    EXEC. DIRECTOR (THRU JAN 2023)

    Total calculated
    $137,077
    From this org
    $137,077
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Jennifer Kellett

    INTERMIN EXEC. DIRECTOR

    Total calculated
    $84,620
    From this org
    $84,620
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Shawn Hall

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Jen Bennecke

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Allison Hill

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Allyson Terry

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Amy Cureton

    FINANCE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Brian Clark

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Chambless Kalka

    DEVELOPMENT CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Christine Boucher

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Corrie Alford

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Dominique Thompson

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Eshe Collins

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Amy Gira

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Ilene Albert

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Jared Bailey

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Jennifer Nichols

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Khalid Shash

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Komal Patel

    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

  • Monica Coughlin

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Robert Benson

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Sabrina Green

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Steven Walker

    PROGRAM CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Andrew Ibbotson

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Veronica Morrissette

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Trameka Bettis

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Wendy Stengel

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Likisha Stanley

    EXEC. DIRECTOR (June 2023-)

    Total calculated
    $0
    Hours/week
    40

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
2022
Filed
15 August 2024
IRS schema version
2022v5.0
Source object
202402279349301585

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