Geo Academies Inc
- Assets
- $981.1k
- Revenue
- $1.7m
- Investments
- $0.0
- Employees
- 21
- Location
- Indianapolis, IN
- Founding
- 10/2019
- Data as of
- 06/2021
- EIN
- 83-3708286
Organization Overview
Geo Academies Inc is located in Indianapolis, IN. The organization was established in 2019. According to its NTEE Classification (B29) the organization is classified as: Charter Schools, under the broad grouping of Education and related organizations. As of 06/2021, Geo Academies Inc employed 21 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Geo Academies Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2021, Geo Academies Inc generated $1.7m in total revenue. All expenses for the organization totaled $2.3m during the year ending 06/2021. While expenses have increased by 294.3% per year over the past 2 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
BEATING POVERTY THROUGH QUALITY EDUCATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DEVELOPING THE HIGHEST POTENTIAL OF STUDENTS THROUGH EDUCATING THE WHOLE PERSON, ENSURING THAT ALL STUDENTS ATTAIN BASIC SKILLS APPROPRIATE TO THEIR AGE AND GRADE LEVEL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Board Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $798,179 |
| All other contributions, gifts, grants, and similar amounts not included above | $872,399 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,670,578 |
| Total Program Service Revenue | $37,343 |
| 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 | $1,713,582 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $802,544 |
| Pension plan accruals and contributions | $47,575 |
| Other employee benefits | $78,490 |
| Payroll taxes | $58,173 |
| Fees for services: Management | $102,725 |
| Fees for services: Legal | $1,106 |
| Fees for services: Accounting | $4,248 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $228,974 |
| Advertising and promotion | $121,729 |
| Office expenses | $303,752 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $297,471 |
| Travel | $9,269 |
| 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 | $44,207 |
| Insurance | $18,013 |
| All other expenses | $24,158 |
| Total functional expenses | $2,289,821 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $546,018 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $83,916 |
| 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 | $3,647 |
| Net Land, buildings, and equipment | $308,287 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $39,200 |
| Total assets | $981,068 |
| Accounts payable and accrued expenses | $1,599,934 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $26,000 |
| Total liabilities | $1,625,934 |
| Net assets without donor restrictions | -$644,866 |
| 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 | $981,068 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Geo Academies Inc has recieved totaling $1,000,000.
| Awarding Organization | Amount |
|---|---|
Galashiels Fund Ltd Northbrook, IL PURPOSE: ANNUAL SUPPORT | $1,000,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Seeds Of Health Milwaukee, WI | $21,433,274 | $18,248,715 |
Ewing Marion Kauffman School Inc Kansas City, MO | $12,328,924 | $22,686,630 |
Hmong American Peace Academy Ltd Milwaukee, WI | $62,055,663 | $22,180,285 |
Crossroads Charter Schools Kansas City, MO | $14,061,355 | $16,288,564 |
Career Academy Of South Bend Inc South Bend, IN | $28,812,268 | $15,770,291 |
Southland College Prep Charter School Inc Richton Park, IL | $5,970,929 | $14,846,011 |
21st Century Charter School At Gary Inc Indianapolis, IN | $16,296,159 | $15,193,404 |
Avondale Meadows Academy Inc Indianapolis, IN | $23,354,036 | $14,362,990 |
Herron High School Inc Indianapolis, IN | $19,992,400 | $15,381,017 |
Tindley Accelerated Schools Inc Indianapolis, IN | $17,393,569 | $14,658,459 |
Lighthouse Academies Of Indiana Inc Indianapolis, IN | $16,035,849 | $15,931,838 |
Paramount School Of Excellence Incorporated Indianapolis, IN | $17,346,083 | $12,116,236 |