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Nonprofiteer
← GEER CORPORATION

Form 990 for tax year 2024

Filed by GEER CORPORATION.

Totals

Total revenue
$962,532
Total expenses
$985,507
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$959,000
Investment income
$0
Other revenue
$3,532
Total assets, end of year
$1,484,658
Total liabilities, end of year
$690,086
Net assets or fund balances, end of year
$794,572
Program services expenses (Part IX)
$960,456
Management and general expenses
$25,051
Fundraising expenses
$0
Program service expenses (Part III)
$960,456

Program services were 97.5% 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.

  • 2a · Program service revenue: MANAGEMENT FEE INCOME

    total $959,000 · related or exempt $959,000

  • 6a · Gross rents

    real property $16,627

  • 6b · Less rental expenses

    real property $14,995

  • 6c · Rental income or loss

    real property $1,632

  • 6d · Net rental income or loss

    total $1,632 · unrelated business $1,549 · excluded $83

  • 11a · Other revenue: ADMINISTRATIVE INCOME

    total $1,900 · related or exempt $1,900

  • 11e · Other revenue, total

    $1,900

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $281,576 · program services $281,576

  • 7 · Other salaries and wages

    total $503,005 · program services $487,499 · management and general $15,506

  • 8 · Pension plan contributions

    total $1,007 · program services $938 · management and general $69

  • 9 · Other employee benefits

    total $54,304 · program services $53,081 · management and general $1,223

  • 10 · Payroll taxes

    total $53,643 · program services $52,570 · management and general $1,073

  • 11b · Fees: legal

    total $6,258 · program services $6,133 · management and general $125

  • 11c · Fees: accounting

    total $9,000 · program services $8,820 · management and general $180

  • 11g · Fees: other

    total $49,578 · program services $48,586 · management and general $992

  • 13 · Office expenses

    total $3,098 · program services $3,036 · management and general $62

  • 14 · Information technology

    total $18,589 · program services $18,217 · management and general $372

  • 20 · Interest

    total $5,449 · management and general $5,449

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $35,545 · end of year $0

  • 4 · Accounts receivable

    beginning of year $1,400 · end of year $4,028

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

    $589,789

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

    $26,605

  • 10c · Land, buildings and equipment, net

    beginning of year $566,314 · end of year $563,184

  • 14 · Intangible assets

    beginning of year $2,142 · end of year $1,956

  • 15 · Other assets

    beginning of year $925,050 · end of year $915,490

  • 17 · Accounts payable and accrued expenses

    beginning of year $587,795 · end of year $571,825

  • 23 · Secured mortgages and notes payable

    beginning of year $123,709 · end of year $115,457

  • 25 · Other liabilities

    beginning of year $1,400 · end of year $2,804

  • 27 · Net assets without donor restrictions

    beginning of year $817,547 · end of year $794,572

Mission and programs · 2024

Mission

GEER IS A COMMUNITY OF HEALING PROFESSIONALS WHOSE PRINCIPAL MISSION IS TO CONSOLE, TREAT, STRENGTHEN, AND REFRESH THE BODIES, MINDS, AND SPIRITS OF THE ELDERLY AND DISABLED RESIDENTS OF THE TRI-STATE AREA.

Activities or mission (Part I)

TO PROVIDE MANAGEMENT OVERSIGHT TO AFFILIATED ORGANIZATIONS.

  • GEER CORPORATION PROVIDES MANAGEMENT OVERSIGHT TO THE FOUR OTHER AFFILIATED ORGANIZATIONS. THIS INCLUDES FINANCE, STRATEGIC AND OPERATIONAL PLANNING, DEVELOPMENT AND SUPERVISION.

    Expenses $960,456 · Revenue $960,900

As filed on the 2024 return.

Listed in Part VII

  • Lance Leifert

    CHAIR

    Total calculated
    $0
    Hours/week
    0.5 + 1.5 related
  • Richard Solan

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    0.5 + 1.5 related
  • Samuel Herrick

    TREASURER

    Total calculated
    $0
    Hours/week
    0.5 + 1.5 related
  • Eileen Fox

    SECRETARY

    Total calculated
    $0
    Hours/week
    0.5 + 1.5 related
  • Cyd Emmons

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5 + 1.5 related
  • Karin Robinson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5 + 1.5 related
  • D Shaun Powell

    CEO/CFO

    Total calculated
    $281,576
    From this org
    $272,274
    From related orgs
    $0
    Other
    $9,302
    Hours/week
    20 + 20 related

    Schedule J breakdown matched by us

    Base
    $270,294
    Bonus
    $0
    Other
    $1,980
    Deferred
    $2,461
    Nontaxable benefits
    $6,841
    Filer's total
    $281,576
  • Anastacia Nicholas

    E.D. AT GEER WOODS/FOUNDAT

    Total calculated
    $212,791
    From this org
    $67,692
    From related orgs
    $129,357
    Other
    $15,742
    Hours/week
    4 + 36 related

    Schedule J breakdown matched by us

    Base
    $67,692 + $128,325 related
    Bonus
    $0
    Other
    $0 + $1,032 related
    Deferred
    $721
    Nontaxable benefits
    $8,753 + $6,268 related
    Filer's total
    $77,166 + $135,625 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 · Form 990 of other organizations
  • 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
2024v5.5
Source object
202642309349301119

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