Greater Education Opportunities Foundation
- Assets
- $17.7m
- Revenue
- $7.7m
- Investments
- $0.0
- Employees
- 33
- Location
- Indianapolis, IN
- Founding
- 05/1994
- Data as of
- 06/2021
- EIN
- 95-4406881
Organization Overview
Greater Education Opportunities Foundation is located in Indianapolis, IN. The organization was established in 1994. According to its NTEE Classification (A33) the organization is classified as: Printing & Publishing, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2021, Greater Education Opportunities Foundation employed 33 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Greater Education Opportunities Foundation 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, Greater Education Opportunities Foundation generated $7.7m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 16.4% each year . All expenses for the organization totaled $5.9m during the year ending 06/2021. While expenses have increased by 11.9% per year over the past 6 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
CREATING ACCESS TO QUALITY EDUCATION FOR FAMILIES BY USING START-UP CAPITAL TO CREATE AND SUPPORT SELF-SUSTAINING, SUCCESSFUL SCHOOLS THAT IMPROVE COMMUNITIES AND LIVE ON INTO PERPETUITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,758,185 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,758,185 |
| Total Program Service Revenue | $5,229,377 |
| Investment income | $84,112 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $386,622 |
| Net Gain/Loss on Asset Sales | $216,241 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,674,537 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $124,381 |
| 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 | $2,539,869 |
| Pension plan accruals and contributions | $130,817 |
| Other employee benefits | $1,385,958 |
| Payroll taxes | $161,468 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $127,354 |
| Fees for services: Accounting | $142,093 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $44,685 |
| Fees for services: Other | $266,126 |
| Advertising and promotion | $15,818 |
| Office expenses | $62,723 |
| Information technology | $76,968 |
| Royalties | $0 |
| Occupancy | $47,486 |
| Travel | $47,191 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $256,804 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $215,555 |
| Insurance | $5,563 |
| All other expenses | $19,650 |
| Total functional expenses | $5,860,147 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,339,428 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $2,216,743 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $1,100,748 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $10,728 |
| Net Land, buildings, and equipment | $3,897,958 |
| Investments—publicly traded securities | $6,107,835 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $17,673,440 |
| Accounts payable and accrued expenses | $751,876 |
| 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 | $7,242,379 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $97,970 |
| Total liabilities | $8,092,225 |
| Net assets without donor restrictions | $9,581,215 |
| 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 | $17,673,440 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Greater Education Opportunities Foundation has recieved totaling $769.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $669 |
Garvey Kansas Foundation Wichita, KS PURPOSE: EDUCATION: PROGRAMMING | $100 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Greater Education Opportunities Foundation Indianapolis, IN | $17,673,440 | $7,674,537 |
The Center For Economic Research And Social Change Inc Chicago, IL | $10,561,395 | $6,102,602 |
Life Christian Outreach Inc Columbia, MO | $987,065 | $3,533,207 |
The Christian Century Chicago, IL | $17,596,828 | $3,273,341 |
Investigative Reporters And Editors Inc Columbia, MO | $8,372,941 | $3,252,818 |
Midwest Political Science Association Bloomington, IN | $7,512,584 | $2,303,181 |
Growing Community Media Nfp Oak Park, IL | $1,136,740 | $1,810,239 |
Rod & Staff Publishers Inc Crockett, KY | $12,819,778 | $1,848,923 |
Cedille Chicago Nfp Chicago, IL | $9,252,779 | $1,449,691 |
Wcij Inc Madison, WI | $2,099,123 | $1,902,825 |
Purdue Student Publishing Foundation West Lafayette, IN | $4,866,330 | $726,874 |
Progressive Inc Madison, WI | $339,899 | $1,449,117 |