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Greater Educational Opportunities Foundation

Indianapolis, IN · EIN 95-4406881 · 501(c)(3) · Publicly supported organization (170(b)(1)(A)(vi))
Latest filing: Form 990 for the fiscal year ending June 30, 2025 (tax year 2024) · View the filing · Correct or respond

Greater Educational Opportunities Foundation reported $13.8 million in revenue and $13.5 million in expenses for the fiscal year ending June 30, 2025. Of every $100 it spent, $80.09 went to program services, $19.26 to management and general costs and $0.65 to fundraising. Its largest source of revenue was program service revenue such as fees, sales and contracts: 56.5% of the total. Government grants made up 23.0%. The highest compensation it reported for one person was $491,261 (PRESIDENT/CEO). 16 people received more than $100,000 in reportable compensation. Revenue rose 128% between FY2020 and FY2025. Source: Form 990, FY2025.

Where $100 of spending went

The fiscal year ending June 30, 2025 · Form 990, Part IX, line 25 · total expenses $13M

For context, the median across 876 covered arts, culture & humanities charities: $79.98 programs, $13.89 management, $6.13 fundraising (medians computed separately, so they may not sum to $100).

Where $100 of revenue came from

The fiscal year ending June 30, 2025 · Form 990, Part VIII · total revenue $14M

The 990 scorecard · same measures for every charity, no grades

FY2025 filing. Median across 876 covered charities in this category, from their latest filings.
MeasureFY2025Median
Program services
Part IX 25(B) ÷ 25(A)
80.1%78.5%
Management & general
Part IX 25(C) ÷ 25(A)
19.3%13.6%
Fundraising
Part IX 25(D) ÷ 25(A)
0.7%6.0%
Fundraising cost per $1 of contributions
Part IX 25(D) ÷ Part VIII 1h
$0.02$0.10
Contributions & grants share of revenue
Part VIII 1h ÷ 12
33.2%57.5%
Government grants share of revenue
Part VIII 1e ÷ 12
23.0%1.7%
Program service revenue share
Part VIII 2g ÷ 12
56.5%20.8%
Highest reported compensation
Part VII-A, columns D–F
$491,261$385,706
Highest compensation as share of expenses
Part VII-A ÷ Part IX 25(A)
3.64%2.03%
People paid over $100,000
Part VII, line 2
168
Net assets, in months of expenses
Part X 33(B) ÷ monthly expenses
12.436.6
Independent voting board members
Part VI 1a–1b
4 of 5100.0%

A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.

What the money paid for, in its own words

FY2025 · Form 990, Part III · the three largest programs by expense
$11M expenses · 100.0% of program spending · grants $80,873 · revenue $7.8M

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

Highest reported compensation

FY2025 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here
RoleFrom this orgFrom related orgsOtherTotal
PRESIDENT/CEO
Director/trustee, officer, 40.0 hrs/week
$456,530$0$34,731$491,261
VICE PRESIDENT/CFO
Officer, 40.0 hrs/week
$360,413$0$16,169$376,582
CHIEF FINANCIAL OFFICER
Officer, 40.0 hrs/week
$227,353$0$28,854$256,207
Executive Director - NW Indiana
Highest compensated employee, 1.0 hrs/week
$173,852$0$15,054$188,906
Chief Academic Officer -Baton Rouge
Highest compensated employee, 40.0 hrs/week
$160,589$0$18,637$179,226
Chief Operations Officer
Highest compensated employee, 40.0 hrs/week
$157,763$0$15,943$173,706
Accounting Director
Highest compensated employee, 1.0 hrs/week
$154,916$0$15,101$170,017
Executive Director
Highest compensated employee, 40.0 hrs/week
$121,342$0$17,196$138,538

16 people received more than $100,000 in reportable compensation from Greater Educational Opportunities Foundation (Part VII, line 2). Compensation of current officers, directors and key employees totaled $1.2M (Part IX, line 5).

6 years of filings

Form 990, Parts I, VII, IX and X · each row is that year's own filing, linked
RevenueExpenses
$0$5.0M$10M$15M$20MFY2020FY2021FY2022FY2023FY2024FY2025$14M$13M
FilingRevenueExpensesProgramsNet assetsTop pay
FY2025 ⓘ$14M$13M80.1%$14M$491,261
FY2024 ⓘ$13M$11M83.1%$14M$456,125
FY2023 ⓘ$14M$13M76.7%$12M$458,942
FY2022 ⓘ$14M$11M64.6%$11M$492,965
FY2021 ⓘ$7.7M$5.9M70.5%$9.6M$339,727
FY2020 ⓘ$6.1M$5.0M70.9%$6.9M$344,863

Governance answers, as filed

FY2025 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means
  • Voting board members, and how many are independent Part VI, lines 1a–1b5 · 4 independent
  • Audited financial statements Part XII 2bYes
  • Conflict-of-interest policy Part VI 12aYes
  • Whistleblower policy Part VI 13Yes
  • Document retention policy Part VI 14Yes
  • Independent process for top executive pay Part VI 15aYes
  • Board given the 990 before filing Part VI 11aYes
  • Family or business ties among insiders Part VI 2Yes
  • Aware of a significant diversion of assets Part VI 5No
  • Excess benefit transaction with an insider Part IV 25aNo
  • Loans to or from insiders outstanding Part IV 26No
  • Lobbying, or a 501(h) election in effect Part IV 4No
  • Over $15,000 of professional fundraising services Part IV 18No
  • Over $10,000 of activity outside the U.S. Part IV 14bNo
  • Employees Part I, line 565
  • Volunteers Part I, line 65

Largest outside contractors

FY2025 · Form 990, Part VII, Section B · businesses only
FAEGRE DRINKER BIDDLE & REATH LLP
Law Firm
$110,881

Individuals listed as contractors are left out. 1 contractors were paid more than $100,000 in all.

Private foundation grants it received

1 private foundation reported grants to Greater Educational Opportunities Foundation totaling $16 on their tax year 2023 Form 990-PF returns. See which foundations, on WHOFUNDS.

Source: WHOFUNDS open grant graph, matched from Form 990-PF Part XV.

Correct a figure or respond

Every number above is copied from Greater Educational Opportunities Foundation's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Greater Educational Opportunities Foundation, you can publish a response that is linked from this page.

Similar-sized charities in this cause

All arts, culture & humanities charities · Largest charities in Indiana

Questions people ask

How much of Greater Educational Opportunities Foundation's spending goes to programs?

In the fiscal year ending June 30, 2025, Greater Educational Opportunities Foundation reported that 80.1% of its $13.5 million in expenses went to program services, 19.3% to management and general and 0.7% to fundraising (Form 990, Part IX).

How much does Greater Educational Opportunities Foundation pay its top executive?

The largest total compensation Greater Educational Opportunities Foundation reported for one person in the fiscal year ending June 30, 2025 was $491,261, for the role of PRESIDENT/CEO (Form 990, Part VII, including compensation from related organizations and other compensation).

Where does Greater Educational Opportunities Foundation get its money?

Of $13.8 million in revenue in the fiscal year ending June 30, 2025, 33.2% came from contributions and grants (including 23.0% from government grants) and 56.5% from program service revenue (Form 990, Part VIII).

Is Greater Educational Opportunities Foundation a registered charity?

The IRS lists EIN 95-4406881 as a 501(c)(3) organization (publicly supported organization (170(b)(1)(a)(vi))), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.

Sources

  • FY2025: Form 990 for the fiscal year ending June 30, 2025, object 202601359349306900 · read the filing · XML
  • FY2024: Form 990 for the fiscal year ending June 30, 2024, object 202521299349302567 · read the filing
  • FY2023: Form 990 for the fiscal year ending June 30, 2023, object 202441319349303394 · read the filing
  • FY2022: Form 990 for the fiscal year ending June 30, 2022, object 202311349349300361 · read the filing
  • FY2021: Form 990 for the fiscal year ending June 30, 2021, object 202211369349316911 · read the filing
  • FY2020: Form 990 for the fiscal year ending June 30, 2020, object 202141349349306439 · read the filing

All filings for EIN 95-4406881: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.