Geo Prep At Mid-City Inc
- Assets
- $3.6m
- Revenue
- $11.6m
- Investments
- $0.0
- Employees
- 163
- Location
- Indianapolis, IN
- Founding
- 09/2018
- Data as of
- 06/2022
- EIN
- 82-1340278
Organization Overview
Geo Prep At Mid-City Inc is located in Indianapolis, IN. The organization was established in 2018. According to its NTEE Classification (B29) the organization is classified as: Charter Schools, under the broad grouping of Education and related organizations. As of 06/2022, Geo Prep At Mid-City Inc employed 163 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Geo Prep At Mid-City Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
BEATING POVERTY THROUGH QUALITY EDUCATION
Describe the Organization's Program Activity:
Part 3 - Line 4a
ESTABLISH, EQUIP AND MAINTAIN A CHARTER SCHOOL FOR GRADES K-8 (666 STUDENTS).
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Linda Johnson Board Chair | OfficerTrustee | 1 | $0 |
Debra Dixon Board Member | OfficerTrustee | 1 | $0 |
Dr Daisy Slan Board Member | OfficerTrustee | 1 | $0 |
Linda Fontenot Board Member | Trustee | 1 | $0 |
Dr Tamiara Wade Board Member | Trustee | 1 | $0 |
Levar Anderson Board Member | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Bch Services Group Llc Student Transportation | 6/29/22 | $181,085 |
Red Apple Development Llc Rental Of Building | 6/29/22 | $1,195,979 |
View All Vendors
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $11,490,473 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $11,493,473 |
| Total Program Service Revenue | $24,492 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $11,559,487 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $203,500 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $5,022,563 |
| Pension plan accruals and contributions | $96,158 |
| Other employee benefits | $901,213 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $39,970 |
| Fees for services: Accounting | $31,330 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,831,273 |
| Advertising and promotion | $56,413 |
| Office expenses | $789,802 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,427,843 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $171,365 |
| Insurance | $75,563 |
| All other expenses | $35,361 |
| Total functional expenses | $11,682,354 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,594,130 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $379,761 |
| Accounts receivable, net | $141,085 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $182,331 |
| Net Land, buildings, and equipment | $304,554 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,601,861 |
| Accounts payable and accrued expenses | $1,019,812 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $672,282 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $21,144 |
| Total liabilities | $1,713,238 |
| Net assets without donor restrictions | $1,888,623 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $3,601,861 |