Geis Foundation

Streetsboro, OHUnknown exempt organization EIN 47-4602120Latest filing we have: 2022. Newer ones may not be in our data yet. Filed since? Tell us.

On file with the IRSgeisfoundation.orgStreetsboro, OH

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Every year, cleveland takes in over 700 refugees from varying countries. The city developed the "dream neighborhood" concept to address refugee housing needs by encouraging renovation of the over 150 distressed homes in the clark/fulton area, and thereby nurturing vibrant, diverse, and engaged communities. The Geis companies, cleveland's home-grown premier developer, was founded by erwin & katherine Geis, immigrants to the US. Using our construction expertise, our desire to give back to the communities in which we work and live, and in honor of mr. And mrs. Geis, we proudly announce our Geis village project. Buying vacant homes, renovating, and rent-to-own to refugees.

Form 990 Part I, line 1, FY2022. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 47-4602120) · Dispute this line
99¢ of each $1 spent went to programs.
Run by 50 volunteers.
Mission: Form 990 Part I, line 1 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2022 · Form 990Independent: from IRS data, not the org
Download 990
Latest return
FY2022
latest Form 990
The latest return is for FY2022, 4 tax years back.
IRS e-file · Filing history
Surplus or deficit
1 of 2
filings with a surplus
Average deficit $232K a year · 1116% of revenue · last 2 filings
A surplus in 1 of the last 2 filings.
Pt I · Ln 19 · 2 filings
Spent on programs
99%
of spending
99% of spending went to programs.
Pt IX · Ln 25 · col B
Named funders
1
named funder · $200
1 funder names it on their filings.
Funders’ Sch. I, 990-PF
Liabilities
$0
total owed
No data yet: the filing does not give total assets.
Pt X · Ln 26
Independent board members
5
of 5 voting members
5 of 5 voting members are independent.
Pt VI · Ln 1a–1b
Revenue
$0
-100% vs prior year
Spent
$504K
To programs
99%
Net assets
$0
By yearFY2020–FY2022
Revenue
$0
FY2022▼ -100%
Tap a bar for its year
Revenue by fiscal year
FY2020$27K
FY2021$42K
FY2022$0
Expenses
$504K
FY2022▲ ×392
Tap a bar for its year
Expenses by fiscal year
FY2020Not on file
FY2021$1K
FY2022$504K
Net assets
$0
FY2022▼ -100%
Tap a bar for its year
Net assets by fiscal year
FY2020$464K
FY2021$504K
FY2022$0

From the FY2022 Form 990 · see the original

Is it real?

Yes. Never revoked by the IRS. Latest filing we have: FY2022.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

99 cents of each dollar spent went to programs.

Program services 99% · $502K Management & general 1% · $3K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

5 people listed on the 990.

Part VII, Section A · reportable compensation
President & Director
$0Pt VII · Sec A
Vice President & Director
$0Pt VII · Sec A
Secretary & Director
$0Pt VII · Sec A
Treasurer & Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
See Geis Foundation executive salaries →

Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Renovates vacant homes to provide rent-to-own housing for refugees.

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1 program · $502K · in their own filed words · FY2022
01

Renovating vacant and undesirable properties within cleveland neighborhoods in order to provide housing for new immigrants and refugee families.

Form 990 Part III, line 4, FY2022. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 47-4602120) · Dispute this line
$502Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2022
Total grants receivedfrom 1 funder$200
Grants paid · 2 grants · $225K · 2022–2022

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$0
Ln 12
Money outPt IX
$504K
Ln 25
Programscol B$502K
Managementcol C$3K
Owns and owesPt X
$0
net assets · Ln 32
Total assetsLn 16$0
LiabilitiesLn 26$0
PeoplePt VI, VII
5
listed · VII A
PaidVII A0
Voting boardVI 1a5
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Total revenueLn 12$0
Assets in detailPt X, end of year
Total assetsLn 16$0
LiabilitiesLn 26$0
Net assetsLn 32$0
OperationsPt I, VI
EmployeesI 50
VolunteersI 650
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$228K$0
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$0
Total assetsLn 16$526K$0
LiabilitiesLn 26$22K$0
Net assetsLn 32$504K$0
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$502K$502K
Accounting feesLn 11c$2K$2K
Other expenses (24a–d)Ln 24$599$0$599$0
Total functional expensesLn 25$504K$502K$3K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2022 Latest ViewingFiled with the IRS Oct 6, 2023 $0$504K−$504K$0 990 PDF
FY2021Filed with the IRS Jul 12, 2022 $42K$1K$40K$504K 990 PDF
FY2020Filed with the IRS Nov 12, 2021 $27K$464K 990 PDF

Schedules filed Part IV

I · Grants O · Explanations
See the full FY2022 990
Part I · Summary $0 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $34,840$0
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $6,752$0
I-12 Total revenuePrior year $41,592$0
I-13 Grants and similar amounts paidPrior year $0$501,683
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $1,285$2,599
I-18 Total expensesPrior year $1,285$504,282
I-19 Revenue less expensesPrior year $40,307−$504,282
Part VI · Governance 5 of 5 board members independent, 5 to look at
VI-1a Voting members of the governing body5
VI-1b Independent voting members5
VI-2 Family or business relationship among officers or directorsYes
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
Part VIII · Statement of revenue $0 across 1 lines filed
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0
Part IX · Statement of functional expenses $504,282 across 3 lines filed
IX-1 Grants to domestic organizationsPrograms $501,683$501,683
IX-11c Accounting feesManagement $2,000$2,000
IX-24 Other expenses (24a–d)Programs $0 · Management $599 · Fundraising $0$599
IX-25 Total functional expensesPrograms $501,683 · Management $2,599 · Fundraising $0$504,282
Part X · Balance sheet $0 assets, 21 lines filed
X-1 Cash, non-interest-bearingStart of year $227,750$0
X-2 Savings and temporary cash investments$0
X-3 Pledges and grants receivable$0
X-4 Accounts receivable$0
X-5 Loans to officers and key people$0
X-6 Loans to other insiders$0
X-7 Notes and loans receivable$0
X-8 Inventories for sale or use$0
X-9 Prepaid expenses and deferred charges$0
X-10c Land, buildings and equipment, net$0
X-11 Publicly traded securities$0
X-12 Other securities$0
X-13 Program-related investments$0
X-14 Intangible assets$0
X-15 Other assetsStart of year $298,235$0
X-16 Total assetsStart of year $525,985$0
X-25 Other liabilitiesStart of year $21,703$0
X-26 Total liabilitiesStart of year $21,703$0
X-27 Net assets without donor restrictionsStart of year $504,282$0
X-32 Total net assets or fund balancesStart of year $504,282$0
X-33 Total liabilities and net assetsStart of year $525,985$0
Part XI · Reconciliation of net assets $0 net assets at year end
XI-1 Total revenue$0
XI-2 Total expenses$504,282
XI-3 Revenue less expenses−$504,282
XI-4 Net assets at start of year$504,282
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$0

Form 990 e-file FY2022 from the IRS (about our sources) · Classification, formation year and address from the IRS Business Master File

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