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Nonprofiteer
← GEO PREP AT MID-CITY INC

Form 990 for tax year 2022

Filed by GEO PREP AT MID-CITY INC.

Totals

Total revenue
$11,850,117
Total expenses
$10,839,515
Contributions and grants received
$11,064,113
Grants paid
$0
Program service revenue
$0
Investment income
$0
Other revenue
$786,004
Total assets, end of year
$3,240,344
Total liabilities, end of year
$341,119
Net assets or fund balances, end of year
$2,899,225
Program services expenses (Part IX)
$9,373,709
Management and general expenses
$1,465,806
Fundraising expenses
$0
Program service expenses (Part III)
$9,373,709

Program services were 86.5% 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.

  • 1e · Government grants (contributions)

    $11,064,113

  • 11a · Other revenue: MISCELLANEOUS INCOME

    total $786,004 · related or exempt $786,004

  • 11e · Other revenue, total

    $786,004

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $125,126 · program services $125,126

  • 7 · Other salaries and wages

    total $4,586,054 · program services $4,586,054

  • 9 · Other employee benefits

    total $1,038,601 · program services $1,038,601

  • 11g · Fees: other

    total $4,254,035 · program services $2,890,063 · management and general $1,363,972

  • 12 · Advertising and promotion

    total $31,782 · management and general $31,782

  • 13 · Office expenses

    total $482,434 · program services $482,434

  • 16 · Occupancy

    total $120,110 · program services $106,898 · management and general $13,212

  • 22 · Depreciation, depletion and amortization

    total $121,039 · program services $78,595 · management and general $42,444

  • 23 · Insurance

    total $74,088 · program services $65,938 · management and general $8,150

  • 24a · Other expenses: OTHER

    total $6,246 · management and general $6,246

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,594,130 · end of year $2,759,001

  • 3 · Pledges and grants receivable

    beginning of year $379,761 · end of year $49,970

  • 4 · Accounts receivable

    beginning of year $141,085 · end of year $117,755

  • 9 · Prepaid expenses and deferred charges

    beginning of year $182,331 · end of year $122,586

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

    $841,775

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

    $650,743

  • 10c · Land, buildings and equipment, net

    beginning of year $304,554 · end of year $191,032

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,019,812 · end of year $144,424

  • 23 · Secured mortgages and notes payable

    beginning of year $672,282

  • 25 · Other liabilities

    beginning of year $21,144 · end of year $196,695

  • 27 · Net assets without donor restrictions

    beginning of year $1,888,623 · end of year $2,899,225

Mission and programs · 2022

Mission

BEATING POVERTY THROUGH QUALITY EDUCATION

  • ESTABLISH, EQUIP AND MAINTAIN A CHARTER SCHOOL FOR GRADES K-8 (656 STUDENTS).

    Expenses $9,373,709 · Revenue $786,004

As filed on the 2022 return.

Listed in Part VII

  • DEBRA DIXON

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • DR DAISY SLAN

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • LINDA FONTENOT

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • DR TAMIARA WADE

    BOARD CHAIR

    Total calculated
    $0
    Hours/week
    1

  • LAVAR ANDERSON

    SECRETARY/TREASURER

    Total calculated
    $0
    Hours/week
    1

  • DERRICK WILLIAMS

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • SARAH BARLOW

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • LINDA JOHNSON

    BOARD CHAIR

    Total calculated
    $0
    Hours/week
    1

  • DANA TEASLEY

    BUSINESS MANAGER

    Total calculated
    $0
    Hours/week
    10

  • KEVIN TEASLEY

    SUPERINTENDENT

    Total calculated
    $0
    Hours/week
    10

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.

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
13 May 2024
IRS schema version
2022v5.0
Source object
202401359349302420

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