Greater Educational Opportunities Foundation

EIN: 954406881 501(c)(3) Arts, Culture & Humanities

Indianapolis, IN

Total Revenue
$13,775,304
Total Expenses
$13,493,750
Total Assets
$21,233,665
Net Assets
$13,953,918
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
1998
Legal Domicile
IN
Phone
3175361027
Tax Period
2024-07-01 to 2025-06-30

Greater Educational Opportunities Foundation, founded in 1998, is a mid-sized nonprofit in the Arts, Culture & Humanities sector that reported $13.8M in total revenue in fiscal year 2024. Revenue grew 10% year-over-year, indicating healthy expansion.

Mission

To EMPOWER students to ACCELERATE their academic pathways to ADVANCE their social mobility and ACHIEVE their career and life-long goals.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $4,568,428
Program Service Revenue $7,785,501
Investment Income $735,068
Other Revenue $686,307
TOTAL REVENUE $13,775,304

Expense Breakdown

Grants Paid $80,873
Salaries & Benefits $9,708,607
Fundraising Expenses $87,813
Program Expenses $10,806,539
Other Expenses $3,704,270
TOTAL EXPENSES $13,493,750

Year-over-Year Comparison

2024 2023 Change
Revenue $13,775,304 $12,578,463 +0.1%
Expenses $13,493,750 $11,332,967 +0.2%
Net Income $281,554 $1,245,496 -0.8%
Key Indicators
✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
5
Independent Members
4
Employees
65
Volunteers
5

Governance Policies

✗ Conflict of Interest Policy
✗ Whistleblower Policy
✗ Document Retention Policy

Special Practices & Reported Activities

✓ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
⚠ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
5
$1,124,050
Total Directors
5
$491,261
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Geoff Baum VICE CHAIR 1.0
Officer Director
$0 $0 $0
JEFF READY Chair 1.0
Officer Director
$0 $0 $0
KEVIN TEASLEY PRESIDENT/CEO 40.0
Officer Director
$456,530 $34,731 $491,261
Jeremiah Tate MEMBER 1.0
Director
$0 $0 $0
Rob Kremer MEMBER 1.0
Director
$0 $0 $0
DANA L Teasley VICE PRESIDENT/CFO 40.0
Officer
$360,413 $16,169 $376,582
Kathy Pitts CHIEF FINANCIAL OFFICER 40.0
Officer
$227,353 $28,854 $256,207
Jeffery Lozer Chief Operations Officer 40.0
Highest
$157,763 $15,943 $173,706
Peter Morikis Executive Director - NW Indiana 1.0
Highest
$173,852 $15,054 $188,906
Reena Gupta Accounting Director 1.0
Highest
$154,916 $15,101 $170,017
Rick Elliott Executive Director 40.0
Highest
$121,342 $17,196 $138,538
Shirlon Clay Chief Academic Officer -Baton Rouge 40.0
Highest
$160,589 $18,637 $179,226
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $13,775,304 $13,493,750 $21,233,665 $281,554
2024 $12,578,463 $11,332,967 $21,656,768 $1,245,496
2023 $14,125,350 $13,459,720 $23,155,888 $665,630
2022 $13,568,258 $10,511,665 $24,649,709 $3,056,593
2021 $7,674,537 $5,860,147 $17,673,440 $1,814,390
2020 $6,054,601 $4,982,644 $11,924,619 $1,071,957
2019 $5,330,224 $4,655,160 $9,578,417 $675,064
2018 $6,596,631 $5,078,937 $8,629,957 $1,517,694
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