Odyssey INC EIN 58-2537795

Odyssey INC

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Empowering Atlanta students to achieve college and career success. For fiscal year 2024 it reported $708K in revenue, $1.5M in expenses, and $1.7M in net assets.Pt I

Type
Supporting organization · Education
Location
Atlanta, GA
Website
www.odysseyatlanta.org
Filings
5 on file (2020–2024)
Revenue
$708KFY2024
Expenses
$1.5M
Net assets
$1.7M
People
30
Filings
5
Updates
0
More identity details & actions ⌄
EIN  58-2537795 Supporting organization Atlanta, GA
Form 990 (PDF)
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Size
$100K–1M
What they do
Empowering Atlanta students to achieve college and career success.
Leadership
Likisha Stanley · Executive Director · $88K
Money in and out
$708K revenue, $1.5M expenses
Bottom line
-113% net inflow
Money in and out · FY2024
Total revenue
$708K
Pt VIII · Ln 12
Total expenses
$1.5M
Pt IX · Ln 25
Net assets
$1.7M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$800K
Where spending went · Part IX cols B–D
Program services $0.62 Management & general $0.25 Fundraising $0.13
Net inflow
-113%
revenue over expenses, this year▼ -424% vs prior filing year
Pass-through gifts
74%
of revenue from contributions▼ -7% vs prior filing year
Program spending
62%
of expenses reach stated programs▼ -6% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$708K
FY2024▼ -35%
Expenses
$1.5M
FY2024▲ +13%
Total assets
$1.7M
FY2024▼ -24%
Total liabilities
$84K
FY2024▲ +180%
Total revenue
$708K
Pt VIII · Ln 12
Total expenses
$1.5M
Pt IX · Ln 25
Net assets
$1.7M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$800K
Total assetsPt X · Ln 16$1.7M
Program-expense ratioPt IX · col B62%
Voting members of governing bodyPt I · Ln 329
Independent voting membersPt I · Ln 427
Mission & Programs · Part III

Where the work happens

3 program services account for $940K of program spending, described in the organization's own filed words · FY2023.
01

ODYSSEY ELEMENTARY SCHOOL Served 114 students in rising grades 1-5 during the course of 6 weeks.We hire highly qualified and award-winning teachers from across Atlanta who teach an academic curriculum grounded in reading, writing, and math through design thinking and project-based learning.

$321Kprogram expense
02

ODYSSEY HIGH SCHOOL Served 89 students in rising grades 9-12 during the course of 5 weeks. Odyssey's atmosphere encourages students to enhance their skills both inside and outside the classroom. Odyssey continues the project-based learning model for 9th-11th grades, with a laser focus on college & career preparation.

$320Kprogram expense
03

ODYSSEY MIDDLE SCHOOL Served 98 students in rising grades 6-8 during the course of 6 weeks. We hire highly qualified and award-winning teachers from across Atlanta who teach an academic curriculum grounded in reading, writing, and math through design thinking and project-based learning.

$298Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item COdyssey INC
EINHdr · item D58-2537795
Principal addressHdr · item CAtlanta, GA
WebsiteHdr · item Jwww.odysseyatlanta.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MGA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFEducation (B19)
Ruling yearIRS BMFMay 2015

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a29
Independent voting membersPt VI · Ln 1b27
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
Executive Director
$88,371Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Chair
$0Pt VII · Sec A
Board Vice Chair
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Finance Chair
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Likisha Stanley’s $88K as Executive Director is at the 77th percentile of top reported officer pay among 1616 $100K–1M education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 6 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Jeffrey Cohen$137,077
Jeff Cohen Through Jan 2023$125,208
Jeff Cohen$119,022$111,534
Likisha Stanley$88,371
Jennifer Kellett$84,620$26,731
Stephanie Alvarez$80,825

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Statement of Revenue

Part VIII
Contributions & grants$527K · 74%
Other revenue$103K · 15%
Investment income$67K · 9%
Program service revenue$10K · 1%
Contributions & grants74%$527K
Other revenue15%$103K
Investment income9%$67K
Program service revenue1%$10K
Total revenueLn 12$708K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.62 Management & general $0.25 Fundraising $0.13
Program services62%$940K
Management & general25%$370K
Fundraising13%$199K
Total functional expensesLn 25$1.5M

Balance Sheet

Part X · end of year
CashLn 1$375K
Total assetsLn 16$1.7M
Total liabilitiesLn 26$84K
Total net assetsLn 32$1.7M
Months of cash on handcomputed3.0

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $1.6M · Operating expenses/yr $1.5M
12.5 months
Where the money goes
Program services
Program services $940K · Total expenses $1.5M
62%
Management & General
Management & general $370K · Total expenses $1.5M
25%
Fundraising
Fundraising $199K · Total expenses $1.5M
13%
Cost to raise $1
Fundraising expense (3-yr avg) $194K · Solicited contributions (3-yr avg) $728K
$0.27 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $527K · Total revenue $708K
74%
Government reliance
Government grants — · Total revenue $708K
Earned-income share
Program service revenue $10K · Total revenue $708K
1%
Investment reliance
Investment income $67K · Total revenue $708K
+9%
Program self-sufficiency
Program service revenue $10K · Total expenses $1.5M
0.7%
Growth & trend
Revenue growth (YoY)
This year $708K · Prior year $1.1M
-35%
Revenue CAGR
FY2019 $1.2M · FY2023 $708K
-12%
Net-asset trend (YoY)
End of year $1.7M · Beginning of year $2.3M
-27%
Balance sheet
Surplus Margin
Revenue $708K · Expenses $1.5M
-113%
Liabilities-to-Assets
Total liabilities $84K · Total assets $1.7M
5%
Net-asset ratio
Net assets $1.7M · Total assets $1.7M
95%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $1.2M · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $1.7M
69%
People & payroll
Highest Reported Total Compensation
Individual Likisha Stanley · Reported title EXECUTIVE DIRECTOR · Highest reported compensation $88K · Total expenses $1.5M
6%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $816K · Total expenses $1.5M
54%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 62%
Overhead ratio 25%
Fundraising cost ratio 38%
Revenue growth -35%
Investment management fee ratio 0%
Legal fee ratio 0%
Accounting fee ratio 8%
Fundraising fee ratio 0%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2024
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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$708K revenue · viewing · ⤓ 990 PDF
FY2023$1.1M revenue · ⤓ 990 PDF
FY2022$1.3M revenue · ⤓ 990 PDF
FY2021$1.7M revenue · ⤓ 990 PDF
FY2020$1.2M revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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