Greater Education Opportunities Foundation
- Assets
- $24.6m
- Revenue
- $13.6m
- Investments
- $0.0
- Employees
- 52
- Location
- Indianapolis, IN
- Founding
- 05/1994
- Data as of
- 06/2022
- 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 06/2022, Greater Education Opportunities Foundation employed 52 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 06/2022, Greater Education Opportunities Foundation generated $13.6m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 23.6% each year . All expenses for the organization totaled $10.5m during the year ending 06/2022. While expenses have increased by 19.7% per year over the past 7 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
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
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 Chair | OfficerTrustee | 1 | $0 |
Name Not Listed President/ceo | OfficerTrustee | 40 | $444,675 |
Name Not Listed Vice Chair | Trustee | 1 | $0 |
Name Not Listed Vice President/cfo | Officer | 40 | $363,775 |
Name Not Listed Chief Operations Officer | 40 | $128,450 | |
Name Not Listed Chief Accounting Officer | 40 | $181,145 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $5,365,822 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,365,822 |
| Total Program Service Revenue | $6,847,175 |
| Investment income | $102,625 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $915,965 |
| Net Gain/Loss on Asset Sales | $336,671 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $13,568,258 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $154,622 |
| 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 | $3,513,745 |
| Pension plan accruals and contributions | $140,158 |
| Other employee benefits | $2,084,446 |
| Payroll taxes | $232,245 |
| Fees for services: Management | $305,063 |
| Fees for services: Legal | $206,242 |
| Fees for services: Accounting | $200,103 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $52,832 |
| Fees for services: Other | $1,584,772 |
| Advertising and promotion | $92,124 |
| Office expenses | $171,818 |
| Information technology | $150,939 |
| Royalties | $0 |
| Occupancy | $566,385 |
| Travel | $145,193 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $301,535 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $367,973 |
| Insurance | $12,633 |
| All other expenses | $0 |
| Total functional expenses | $10,511,665 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,741,742 |
| Savings and temporary cash investments | $28,669 |
| Pledges and grants receivable | $5,233,480 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $1,091,460 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $33,918 |
| Net Land, buildings, and equipment | $8,186,421 |
| Investments—publicly traded securities | $6,334,019 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $24,649,709 |
| Accounts payable and accrued expenses | $1,882,166 |
| 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 | $11,064,976 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $258,640 |
| Total liabilities | $13,205,782 |
| Net assets without donor restrictions | $11,443,927 |
| 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 | $24,649,709 |