Nonprofit · EIN 95-4406881
GREATER EDUCATION OPPORTUNITIES FOUNDATION
Tax-exempt · INDIANAPOLIS, IN 46208
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $13,775,304 | $13,493,750 | $281,554 | $21,233,665 | $7,279,747 | $13,953,918 |
| June 30, 2024 | 990 | $12,578,463 | $11,332,967 | $1,245,496 | $21,656,768 | $7,721,315 | $13,935,453 |
| June 30, 2023 | 990 | $14,125,350 | $13,459,720 | $665,630 | $23,155,888 | $11,029,703 | $12,126,185 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $4,568,428
- of which government grants
- $3,163,428
- Program service revenue
- $7,785,501
- Investment income
- $735,068
- Net rental income
- $686,307
- Net gain from sales of assets
- $585,226
- Other revenue
- $686,307
Expenses
- Grants and similar amounts paid
- $80,873
- Compensation of officers, directors and key employees
- $1,202,273
- Other salaries and wages
- $4,694,599
- Salaries, compensation and benefits (total)
- $9,708,607
- Professional fundraising fees
- $0
- Legal fees
- $110,462
- Accounting fees
- $115,597
- Occupancy
- $373,258
- Travel
- $161,744
- Depreciation
- $307,484
- Program services (functional)
- $10,806,539
- Management and general (functional)
- $2,599,398
- Fundraising (functional)
- $87,813
Balance sheet and other
- Total assets, start of year
- $21,656,768
- Total assets, end of year
- $21,233,665
- Total liabilities, end of year
- $7,279,747
- Net assets, end of year
- $13,953,918
- Land, buildings and equipment
- $7,345,781
- Publicly traded securities
- $6,931,811
- Net assets without donor restrictions
- $13,573,714
- Net assets with donor restrictions
- $380,204
- Gross receipts
- $23,177,878
- Employees
- 65
- Volunteers
- 5
- Year formed
- 1998
- State of legal domicile
- IN
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| KEVIN TEASLEY | PRESIDENT/CEO Trustee or director, Officer | 40 | $456,530 | $34,731 |
| DANA L Teasley | VICE PRESIDENT/CFO Officer | 40 | $360,413 | $16,169 |
| Kathy Pitts | CHIEF FINANCIAL OFFICER Officer | 40 | $227,353 | $28,854 |
| Peter Morikis | Executive Director - NW Indiana Highest-paid employee | 1 | $173,852 | $15,054 |
| Shirlon Clay | Chief Academic Officer -Baton Rouge Highest-paid employee | 40 | $160,589 | $18,637 |
| Jeffery Lozer | Chief Operations Officer Highest-paid employee | 40 | $157,763 | $15,943 |
| Reena Gupta | Accounting Director Highest-paid employee | 1 | $154,916 | $15,101 |
| Rick Elliott | Executive Director Highest-paid employee | 40 | $121,342 | $17,196 |
| Geoff Baum | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| JEFF READY | Chair Trustee or director, Officer | 1 | $0 | $0 |
| Jeremiah Tate | MEMBER Trustee or director | 1 | $0 | $0 |
| Rob Kremer | MEMBER Trustee or director | 1 | $0 | $0 |
990 for the year ended June 30, 2024: 12 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| KEVIN TEASLEY | PRESIDENT/CEO Trustee or director, Officer | 40 | $422,733 | $33,392 |
| DANA L Teasley | VICE PRESIDENT/CFO Officer | 40 | $322,250 | $16,380 |
| Kathy Pitts | Chief Accounting Officer Highest-paid employee | 40 | $197,635 | $26,172 |
| Peter Morikis | Executive Director - NW Indiana Highest-paid employee | 40 | $164,727 | $13,152 |
| Jeffery Lozer | Chief Operations Officer Highest-paid employee | 40 | $158,737 | $9,524 |
| Sandra Douglas | Chief Academic Officer (THROUGH DEC 2023) Highest-paid employee | 40 | $148,466 | $10,550 |
| Reena Gupta | Accounting Director Highest-paid employee | 40 | $125,527 | $14,863 |
| JEFF READY | Chair Trustee or director, Officer | 1 | $0 | $0 |
| John Gottsman | Vice Chair (UNTIL JUN 2024) Trustee or director, Officer | 1 | $0 | $0 |
| Geoff Baum | MEMBER (BEGAN JUN 2024) Trustee or director | 1 | $0 | $0 |
| Jeremiah Tate | MEMBER (BEGAN JUN 2024) Trustee or director | 1 | $0 | $0 |
| Rob Kremer | MEMBER (BEGAN JUN 2024) Trustee or director | 1 | $0 | $0 |
990 for the year ended June 30, 2023: 7 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| KEVIN TEASLEY | PRESIDENT/CEO Trustee or director, Officer | 40 | $402,175 | $56,767 |
| DANA L Teasley | VICE PRESIDENT/CFO Officer | 40 | $312,999 | $37,980 |
| Kathy Pitts | Chief Accounting Officer Highest-paid employee | 40 | $192,140 | $26,921 |
| Sandra Douglas | Chief Academic Officer Highest-paid employee | 40 | $167,224 | $11,675 |
| Jeffery Lozer | Chief Operations Officer Highest-paid employee | 40 | $125,749 | $31,419 |
| JEFF READY | Chair Trustee or director, Officer | 1 | $0 | $0 |
| John Gottsman | Vice Chair Trustee or director, Officer | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 3145 NORTH MERIDIAN STREET, INDIANAPOLIS, IN 46208-4783
- Principal officer (990 for 2024)
- Kevin Teasley, 3145 N Meridian Street, Indianapolis, IN 46208
- Signed the 990
- Dana L Teasley, Vice Preseident/CFO
- Phone
- (317) 536-1027
- Website
- WWW.GEOFOUNDATION.ORG
- Return prepared by
- CROWE LLP
Mission
To EMPOWER students to ACCELERATE their academic pathways to ADVANCE their social mobility and ACHIEVE their career and life-long goals.
Program accomplishments
- 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.Expenses $10,806,539 · grants $80,873 · revenue $7,785,501
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 95-4406881
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1994
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Arts, culture and humanities (A33Z)
- Assets (IRS master file)
- $21,233,665
- Income (IRS master file)
- $23,177,878
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $13,775,304 | $13,493,750 | $21,233,665 | IRS |
| 990 | June 2024 | $12,578,463 | $11,332,967 | $21,656,768 | IRS |
| 990 | June 2023 | $14,125,350 | $13,459,720 | $23,155,888 | XML |
| 990 | June 2022 | $13,568,258 | $10,511,665 | $24,649,709 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 95-4406881).
Questions about GREATER EDUCATION OPPORTUNITIES FOUNDATION
- What is the EIN of GREATER EDUCATION OPPORTUNITIES FOUNDATION?
- The employer identification number (EIN) of GREATER EDUCATION OPPORTUNITIES FOUNDATION is 95-4406881.
- Is GREATER EDUCATION OPPORTUNITIES FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1994.
- Are donations to GREATER EDUCATION OPPORTUNITIES FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does GREATER EDUCATION OPPORTUNITIES FOUNDATION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of GREATER EDUCATION OPPORTUNITIES FOUNDATION due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did GREATER EDUCATION OPPORTUNITIES FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of GREATER EDUCATION OPPORTUNITIES FOUNDATION?
- The 990 for the year ended June 30, 2025 names Kevin Teasley.
- Who are the officers and directors of GREATER EDUCATION OPPORTUNITIES FOUNDATION?
- The 990 for the year ended June 30, 2025 lists 12 people; 8 received compensation from the organization, the highest $456,530 (KEVIN TEASLEY, PRESIDENT/CEO).
- How much revenue does GREATER EDUCATION OPPORTUNITIES FOUNDATION have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $13,775,304, expenses of $13,493,750 and total assets of $21,233,665 at year end.
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