Civic Intelligence

Explore Charter School

990 • Fiscal year 2014 • EIN 13-4124616

Jul 01, 2013 to Jun 30, 2014 • Filed on Jan 13, 2015

Organization ProfileWWW.EXPLORENETWORK.ORG

View Organization Page

655 Parkside Avenue11226

(718) 703-4484

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

61st percentile

0.31x

Higher debt load relative to assets than 61% of similar nonprofits.

2014 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2014

Liabilities / Revenue

35th percentile

0.10x

Higher debt load relative to revenue than 35% of similar nonprofits.

2014 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2014

Net Margin

60th percentile

5.8%

Higher net margin than 60% of similar nonprofits.

2014 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2014

Top Officer Pay

53rd percentile

$124,261

Higher top officer pay than 53% of similar nonprofits.

Top officer pay equals 1.5% of source-year revenue.

2014 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2014

Asset Growth

85th percentile

22%

Faster asset growth than 85% of similar nonprofits.

2014 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2013 to 2014

Revenue Growth

54th percentile

5.0%

Faster revenue growth than 54% of similar nonprofits.

2014 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2013 to 2014

Balance Sheet
Liabilities / Assets61st percentile

Assets

Up

$2,660,880

Up $471,237 (+22%) from 2013

Net Assets

Up

$1,838,920

Up $476,318 (+35%) from 2013

Liabilities

Down

$821,960

Down $5,081 (-0.6%) from 2013

Revenue And Expenses
Liabilities / Revenue35th percentileNet Margin60th percentile

Revenue

Up

$8,176,369

Up $391,919 (+5.0%) from 2013

Expenses

Up

$7,700,051

Up $60,635 (+0.8%) from 2013

Net Income

Up

$476,318

Up $331,284 (+228%) from 2013

Historical Trend

Balance Sheet Trend

Asset Growth85th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$4.0M$3.0M$2.0M$1.0M$0Assets 2011: $2,310,954Liabilities 2011: $919,925Net Assets 2011: $1,391,0292011Assets 2012: $2,083,475Liabilities 2012: $865,907Net Assets 2012: $1,217,5682012Assets 2013: $2,189,643Liabilities 2013: $827,041Net Assets 2013: $1,362,6022013Assets 2014: $2,660,880Liabilities 2014: $821,960Net Assets 2014: $1,838,9202014Assets 2015: $3,661,816Liabilities 2015: $776,642Net Assets 2015: $2,885,1742015

Highlighted filing

2014

Assets$2,660,880
Liabilities$821,960
Net Assets$1,838,920
Open 2014 Filing

Operations Trend

Revenue Growth54th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$10M$5.0M$0Revenue 2011: $7,310,122Expenses 2011: $6,837,554Net Income 2011: $472,5682011Expenses 2012: $7,755,1762012Revenue 2013: $7,784,450Expenses 2013: $7,639,416Net Income 2013: $145,0342013Revenue 2014: $8,176,369Expenses 2014: $7,700,051Net Income 2014: $476,3182014Revenue 2015: $8,436,931Expenses 2015: $7,390,677Net Income 2015: $1,046,2542015

Highlighted filing

2014

Revenue$8,176,369
Expenses$7,700,051
Net Income$476,318
Open 2014 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2013 to Jun 30, 2014
Signed
Jan 13, 2015
Return Version
2013v4.0
Gross Receipts
$8,176,369
Mission and Program Overview

Mission

The school's mission is to provide our students with the academic skills and critical-thinking abilities they need to succeed in a college-preparatory high school.

To provide kindergarten through eighth grade education.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$1,222,262$1,655,784▲ $433,522
Savings and Temporary Cash Investments$531,522$508,531▼ $22,991
Land, Buildings, and Equipment, Net$278,909$217,099▼ $61,810
Pledges and Grants Receivable$86,858$143,867▲ $57,009
Prepaid Expenses and Deferred Charges$0$56,235▲ $56,235
Accounts Receivable$0$9,190▲ $9,190
Total Assets$2,189,643$2,660,880▲ $471,237
Other Assets Total$70,092$70,174▲ $82
Liabilities
Accounts Payable and Accrued Expenses$818,063$819,062▲ $999
Other Liabilities$8,978$2,898▼ $6,080
Total Liabilities$827,041$821,960▼ $5,081
Net Assets / Fund Balance
Unrestricted Net Assets$1,362,602$1,838,920▲ $476,318
Total Net Assets Fund Balance$1,362,602$1,838,920▲ $476,318
Total Liabilities and Net Assets / Fund Balance$2,189,643$2,660,880▲ $471,237

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$149,564$368,826$518,390
Other Land Buildings$64,453$256,145$320,598
Leasehold Improvements$3,082$248$3,330
Compensation and Service Providers
Top Officer Pay53rd percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Christina FroebAcademic DirectorFT$114,304$9,957$124,261
Rod C BowenPrincipalFT$87,994$11,696$99,690

Board Members and Trustees

NameTitle
Graeme DaykinBoard Chair
Tim TaylorVice Chair
Angelica ThomasTrustee
Beth CohenTrustee
Kim CarnegieTrustee
Morty BallenTrustee
Suellyn ScullTrustee
Hank MannixTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Explore Schools INCManagement-$818,360
Revenue and Support

Revenue Composition

Contributions and Grants
$509,070
Program Service Revenue
$7,665,567
Investment Income
$977
Other Revenue
$755
All Other Contributions
$19,707
Change in Net Assets
$476,318

Audited Revenue Reconciliation

Revenue per Audited Statements
$8,176,369
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$8,176,369
Total Revenue per Form 990
$8,176,369
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$5,670,621
Other Expenses$2,012,991
Grants and Similar Amounts Paid$16,439
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$3,903,135$651,492-$4,554,627
Fees for Services Management$538,885$282,733-$821,618
Other Employee Benefits$572,104$95,493-$667,597
Payroll Taxes$330,669$55,194-$385,863
Fees for Services Other$319,155$24,819-$343,974
Office Expenses$217,633$59,818-$277,451
Depreciation Depletion$96,659$22,698-$119,357
Pension Plan Contributions$45,842$7,652-$53,494
Insurance$42,041$7,419-$49,460
Conferences and Meetings$43,001$5,277-$48,278
All Other Expenses$35,844$6,326-$42,170
Advertising$12,124$22,760-$34,884
Other Expenses$30,772--$30,772
Grants to Domestic Individuals$16,439--$16,439
Fees for Services Accounting-$13,500-$13,500
Current Officers, Directors, Trustees, and Key Employees$7,747$1,293-$9,040
Fees for Services Legal-$733-$733
Occupancy$1--$1
Total Functional Expenses$6,442,844$1,257,207$0$7,700,051

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$7,700,051
Total Expenses per Audited Statements$7,700,051
Total Expenses per Form 990$7,700,051
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to Related Parties$2,898
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11

“Form 990 is reviewed by management and the finance committee of the board of trustees for approval. If changes are required the school will then forward to the auditing firm and a final version will be distributed to all board members prior to irs submission.”

Form 990, Part VI, Section B, Line 12C

“On an annual basis, all trustees are required to disclose, in writing, any interest such trustee may have in any corporation, organization, partnership or other entity which provides professional or other goods or services to the school for a fee or other compensation, and interest such trustee may have as a result of a position or other relationship with any not-for-profit corporation with which the school has an attorney-client or other business relationship (collectively, a "conflict of interest"). Additionally, the school shares its conflict of interest policy with officers and key employees annually, and these employees are expected to declare if at any point a conflict of interest arises.”

Form 990, Part VI, Section B, Line 15A

“The compensation committee does a market analysis to compare leadership position salaries in similar organizations and is also involved in the approval for the annual budget for the school.”

Form 990, Part VI, Section C, Line 19

“The school makes its governing documents, conflict of interest policy, and financial statements available upon request.”

Filing and Contact Details

Filer

EIN
13-4124616
Phone
7187034484

Signing Officer

Name
Graeme Daykin
Title
Board Chair
Phone
3478757194
Signed
2015-01-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Graeme Daykin
Formed
2001
Legal Domicile
Ny
Voting Board Members
8
Independent Board Members
8
Employees
92
Volunteers
5

Preparer

Preparer
Gus Saliba
Phone
2129573600
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, FINANCIAL STATEMENTS AND REPORTING, LINE 2C:

“The financial statements of the school have been audited for the year ended june 30, 2014. The finance committee is responsible for the oversight of the audit of the financial statements and selection of the independent auditors. The finance committee meets with the independent accountants to review the results of the audit.”

Financial Statement Notes

PART X, LINE 2:

“The school's accounting policy provides that a tax expense or benefit from an uncertain tax position may be recognized when it is more likely than not that the position will be sustained upon examination, including resolutions of any related appeals or litigation processes, based on the technical merits. The school has no uncertain tax positions resulting in an accrual of tax expense or benefit.”

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IRS990/OtherEmployeeBenefitsGrp/TotalAmt0667597
IRS990/OtherExpensesGrp/Desc0CURRICULUM AND CLASSROO
IRS990/OtherExpensesGrp/Desc1STUDENT AND FAMILY SERV
IRS990/OtherExpensesGrp/Desc2STUDENT EXPENSES
IRS990/OtherExpensesGrp/ProgramServicesAmt0194120
IRS990/OtherExpensesGrp/ProgramServicesAmt136673
IRS990/OtherExpensesGrp/ProgramServicesAmt230772
IRS990/OtherExpensesGrp/TotalAmt0194120
IRS990/OtherExpensesGrp/TotalAmt136673
IRS990/OtherExpensesGrp/TotalAmt230772
IRS990/OtherLiabilitiesGrp/BOYAmt08978
IRS990/OtherLiabilitiesGrp/EOYAmt02898
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0OTHER REVENUE
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt0755
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0755
IRS990/OtherRevenueTotalAmt0755
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0651492
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt03903135
IRS990/OtherSalariesAndWagesGrp/TotalAmt04554627
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt055194
IRS990/PayrollTaxesGrp/ProgramServicesAmt0330669
IRS990/PayrollTaxesGrp/TotalAmt0385863
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt07652
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt045842
IRS990/PensionPlanContributionsGrp/TotalAmt053494
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt086858
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0143867
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt00
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt056235
IRS990/PrincipalOfficerNm0GRAEME DAYKIN
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/Desc0GOV'T PER-PUPIL REV.
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt07665567
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt07665567
IRS990/ProgSrvcAccomActy2Grp/Desc0PROVIDED OPPORTUNITIES FOR 74 SPECIAL EDUCATION STUDENTS THROUGH COUNSELING, INTEGRATED CO-TEACHING CLASSROOMS, AND SPECIAL EDUCATION TEACHER SUPPORT SERVICES.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0908133
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt0521066
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0508972
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt021584
IRS990/PYInvestmentIncomeAmt01741
IRS990/PYOtherExpensesAmt01970498
IRS990/PYOtherRevenueAmt01464
IRS990/PYProgramServiceRevenueAmt07272273
IRS990/PYRevenuesLessExpensesAmt0145034
IRS990/PYSalariesCompEmpBnftPaidAmt05647334
IRS990/PYTotalExpensesAmt07639416
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt07784450
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0476318
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt07144501
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0531522
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0508531
IRS990ScheduleA/SchoolInd0X
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/EquipmentGrp/BookValueAmt0149564
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0368826
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0518390
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt07700051
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt03082
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0248
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt03330
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt064453
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0256145
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0320598
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt02898
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DUE TO RELATED PARTIES
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt08176369
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE SCHOOL'S ACCOUNTING POLICY PROVIDES THAT A TAX EXPENSE OR BENEFIT FROM AN UNCERTAIN TAX POSITION MAY BE RECOGNIZED WHEN IT IS MORE LIKELY THAN NOT THAT THE POSITION WILL BE SUSTAINED UPON EXAMINATION, INCLUDING RESOLUTIONS OF ANY RELATED APPEALS OR LITIGATION PROCESSES, BASED ON THE TECHNICAL MERITS. THE SCHOOL HAS NO UNCERTAIN TAX POSITIONS RESULTING IN AN ACCRUAL OF TAX EXPENSE OR BENEFIT.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0217099
IRS990ScheduleD/TotalExpensesPerForm990Amt07700051
IRS990ScheduleD/TotalLiabilityAmt02898
IRS990ScheduleD/TotalRevenuePerForm990Amt08176369
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt08176369
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt07700051
IRS990ScheduleE/ComplianceWithRevProc7550Ind01
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd00
IRS990ScheduleE/DiscriminateRaceAthltProgInd00
IRS990ScheduleE/DiscriminateRaceEducPlcyInd00
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd00
IRS990ScheduleE/DiscriminateRaceOtherActyInd00
IRS990ScheduleE/DiscriminateRaceSchsInd00
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd00
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd00
IRS990ScheduleE/GovernmentFinancialAidRcvdInd01
IRS990ScheduleE/GovernmentFinancialAidRvkdInd00
IRS990ScheduleE/MaintainCpyOfAllSolInd01
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd01
IRS990ScheduleE/MaintainRacialCompRecsInd01
IRS990ScheduleE/MaintainScholarshipsRecsInd01
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd01
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd00
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd01
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0THE RACIALLY NONDISCRIMINATORY POLICY IS PUBLISHED ON THE EXPLORE SCHOOLS WEBSITE AND ON APPLICATIONS FOR NEW STUDENTS.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1THE SCHOOL RECEIVES PER-PUPIL FUNDING FOR EACH STUDENT ENROLLED, AND SPECIAL EDUCATION FUNDING FOR STUDENTS RECEIVING SPECIAL EDUCATION SERVICES FROM THE NEW YORK CITY DEPARTMENT OF EDUCATION. THE SCHOOL RECEIVED FEDERAL FUNDING THROUGH THE TITLE I, TITLE IIA, IDEA AND E-RATE PROGRAMS. THE SCHOOL ALSO RECEIVES STATE FUNDING THROUGH NYSTL, NYSSL, AND NYSLIB ALLOCATIONS.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, PART I, LINE 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE E, PART I, LINE 6
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt016439
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0STAFF SCHOLARSHIPS
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/NonCashAssistanceAmt00
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/NonCashAssistanceDesc0N/A
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt09
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/ValuationMethodUsedDesc0CASH
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0STAFF SCHOLARSHIPS MUST BE APPLIED FOR BY OUR EMPLOYEES. THE SCHOLARSHIPS CAN BE USED TOWARDS PROFESSIONAL DEVELOPMENT, EITHER IN THE FORM OF CONTINUED EDUCATION OR TRAVEL, IN WHICH THEIR EXPERIENCE IS APPLIED IN THE CLASSROOM. IN ORDER TO QUALIFY, THEY MUST COMPLETE A SCHOLARSHIP FORM, WHICH INCLUDES A NARRATIVE ON HOW THE FUNDS WILL BE USED, A RECOMMENDATION LETTER, AS WELL AS ITEMIZED COST ESTIMATES. IF AN EMPLOYEE RECEIVES A SCHOLARSHIP, THEY ARE REQUIRED, UPON COMPLETION, TO PROVIDE RECEIPTS THAT SUPPORT THE USAGE OF THESE FUNDS. THE RECEIPTS ARE RECONCILED AGAINST THE APPLICATION AND SCHOLARSHIP AWARD FOR ACCURACY AND FILED IN THE MAIN OFFICE.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE I; PART 1: LINE 2:
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0FORM 990 IS REVIEWED BY MANAGEMENT AND THE FINANCE COMMITTEE OF THE BOARD OF TRUSTEES FOR APPROVAL. IF CHANGES ARE REQUIRED THE SCHOOL WILL THEN FORWARD TO THE AUDITING FIRM AND A FINAL VERSION WILL BE DISTRIBUTED TO ALL BOARD MEMBERS PRIOR TO IRS SUBMISSION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ON AN ANNUAL BASIS, ALL TRUSTEES ARE REQUIRED TO DISCLOSE, IN WRITING, ANY INTEREST SUCH TRUSTEE MAY HAVE IN ANY CORPORATION, ORGANIZATION, PARTNERSHIP OR OTHER ENTITY WHICH PROVIDES PROFESSIONAL OR OTHER GOODS OR SERVICES TO THE SCHOOL FOR A FEE OR OTHER COMPENSATION, AND INTEREST SUCH TRUSTEE MAY HAVE AS A RESULT OF A POSITION OR OTHER RELATIONSHIP WITH ANY NOT-FOR-PROFIT CORPORATION WITH WHICH THE SCHOOL HAS AN ATTORNEY-CLIENT OR OTHER BUSINESS RELATIONSHIP (COLLECTIVELY, A "CONFLICT OF INTEREST"). ADDITIONALLY, THE SCHOOL SHARES ITS CONFLICT OF INTEREST POLICY WITH OFFICERS AND KEY EMPLOYEES ANNUALLY, AND THESE EMPLOYEES ARE EXPECTED TO DECLARE IF AT ANY POINT A CONFLICT OF INTEREST ARISES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE COMPENSATION COMMITTEE DOES A MARKET ANALYSIS TO COMPARE LEADERSHIP POSITION SALARIES IN SIMILAR ORGANIZATIONS AND IS ALSO INVOLVED IN THE APPROVAL FOR THE ANNUAL BUDGET FOR THE SCHOOL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE SCHOOL MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE FINANCIAL STATEMENTS OF THE SCHOOL HAVE BEEN AUDITED FOR THE YEAR ENDED JUNE 30, 2014. THE FINANCE COMMITTEE IS RESPONSIBLE FOR THE OVERSIGHT OF THE AUDIT OF THE FINANCIAL STATEMENTS AND SELECTION OF THE INDEPENDENT AUDITORS. THE FINANCE COMMITTEE MEETS WITH THE INDEPENDENT ACCOUNTANTS TO REVIEW THE RESULTS OF THE AUDIT.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART XII, FINANCIAL STATEMENTS AND REPORTING, LINE 2C:
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00

Document Assets

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Filings

Displayed year

2014 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$2,660,880
Liabilities
$821,960
Net assets
$1,838,920
Revenue
$8,176,369
Expenses
$7,700,051
Net income
$476,318
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2015Detailed filing. Detailed filing data is available for this year.$3.66$0.78$2.89$8.44$7.39$1.05
2014Detailed filing. Detailed filing data is available for this year.$2.66$0.82$1.84$8.18$7.70$0.48
2013Summary only. Only limited summary data is available for this year.$2.19$0.83$1.36$7.78$7.64$0.15
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.08$0.87$1.22$7.76
2011Summary only. Only limited summary data is available for this year.$2.31$0.92$1.39$7.31$6.84$0.47