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Nonprofiteer
← GEO ACADEMIES LOUISIANA HOLDINGS INC

Form 990 for tax year 2022

Filed by GEO ACADEMIES LOUISIANA HOLDINGS INC.

Totals

Total revenue
$2,209,211
Total expenses
$915,504
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$0
Investment income
$30,181
Other revenue
$2,179,030
Total assets, end of year
$15,341,928
Total liabilities, end of year
$14,048,221
Net assets or fund balances, end of year
$1,293,707
Program services expenses (Part IX)
$915,504
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$915,504

Program services were 100.0% 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.

  • 3 · Investment income

    total $30,181 · excluded $30,181

  • 6a · Gross rents

    real property $2,179,030

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $2,179,030

  • 6d · Net rental income or loss

    total $2,179,030 · related or exempt $2,179,030

Functional expenses

Part IX, the statement of functional expenses.

  • 11b · Fees: legal

    total $4,816 · program services $4,816

  • 20 · Interest

    total $645,873 · program services $645,873

  • 22 · Depreciation, depletion and amortization

    total $264,815 · program services $264,815

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    end of year $1,183,856

  • 3 · Pledges and grants receivable

    end of year $446,534

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

    $13,950,000

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

    $238,462

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $13,711,538

  • 17 · Accounts payable and accrued expenses

    end of year $10,000

  • 23 · Secured mortgages and notes payable

    end of year $14,038,221

  • 27 · Net assets without donor restrictions

    end of year $1,293,707

Mission and programs · 2022

Mission

BEATING POVERTY THROUGH QUALITY EDUCATION

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

    Expenses $915,504 · Revenue $2,179,030

As filed on the 2022 return.

Listed in Part VII

  • Tom Bromley

    BOARD CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Erin Piper

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Robert McGarner

    SECRETARY/TREASURER

    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.

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
202411359349301731

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