Civic Intelligence

The Exploration Foundation

990 • Fiscal year 2024 • EIN 20-8992248

Jul 01, 2023 to Jun 30, 2024 • Filed on May 01, 2024

Organization ProfileEXPLORATIONFOUND.ORG
73-4460 Queen Kaahumanu Hwy 105Kailua Kona, HI 96740-2636

(808) 327-4751

Siviq Scores

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

Liabilities / Assets

86th percentile

0.67x

Higher debt load relative to assets than 86% of similar nonprofits.

2024 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2024

Liabilities / Revenue

97th percentile

8.25x

Higher debt load relative to revenue than 97% of similar nonprofits.

2024 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2024

Net Margin

50th percentile

4.4%

Higher net margin than 50% of similar nonprofits.

2024 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2024

Top Officer Pay

22nd percentile

$0

Higher top officer pay than 22% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2024 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2024

Asset Growth

26th percentile

-2.2%

Faster asset growth than 26% of similar nonprofits.

2024 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2023 to 2024

Revenue Growth

63rd percentile

17%

Faster revenue growth than 63% of similar nonprofits.

2024 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets86th percentile

Assets

Down

$6,110,252

Down $140,342 (-2.2%) from 2023

Net Assets

Up

$1,995,840

Up $21,965 (+1.1%) from 2023

Liabilities

Down

$4,114,412

Down $162,307 (-3.8%) from 2023

Revenue And Expenses
Liabilities / Revenue97th percentileNet Margin50th percentile

Revenue

Up

$498,811

Up $70,885 (+17%) from 2023

Expenses

Up

$476,846

Up $40,167 (+9.2%) from 2023

Net Income

Up

$21,965

Up $30,718 (+351%) from 2023

Historical Trend

Balance Sheet Trend

Asset Growth26th percentile

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

$10M$5.0M$0Assets 2011: $93,502Liabilities 2011: $1,194Net Assets 2011: $92,3082011Assets 2012: $93,502Liabilities 2012: $1,194Net Assets 2012: $92,3082012Assets 2013: $2,270,062Liabilities 2013: $602,069Net Assets 2013: $1,667,9932013Assets 2014: $7,187,826Liabilities 2014: $5,513,676Net Assets 2014: $1,674,1502014Assets 2015: $7,705,326Liabilities 2015: $6,254,231Net Assets 2015: $1,451,0952015Assets 2016: $8,061,384Liabilities 2016: $6,750,523Net Assets 2016: $1,310,8612016Assets 2017: $7,871,222Liabilities 2017: $6,471,784Net Assets 2017: $1,399,4382017Assets 2018: $7,586,311Liabilities 2018: $6,044,337Net Assets 2018: $1,541,9742018Assets 2019: $7,529,053Liabilities 2019: $5,886,908Net Assets 2019: $1,642,1452019Assets 2020: $7,005,563Liabilities 2020: $5,223,387Net Assets 2020: $1,782,1762020Assets 2021: $6,689,700Liabilities 2021: $4,751,875Net Assets 2021: $1,937,8252021Assets 2022: $6,415,023Liabilities 2022: $4,432,395Net Assets 2022: $1,982,6282022Assets 2023: $6,250,594Liabilities 2023: $4,276,719Net Assets 2023: $1,973,8752023Assets 2024: $6,110,252Liabilities 2024: $4,114,412Net Assets 2024: $1,995,8402024

Highlighted filing

2024

Assets$6,110,252
Liabilities$4,114,412
Net Assets$1,995,840
Open 2024 Filing

Operations Trend

Revenue Growth63rd percentile

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

$1.0M$500K$0-$500KExpenses 2011: $133,3362011Revenue 2012: $162,926Expenses 2012: $133,336Net Income 2012: $29,5902012Expenses 2013: $6,4512013Revenue 2014: $115,815Expenses 2014: $109,658Net Income 2014: $6,1572014Revenue 2015: $278,367Expenses 2015: $501,422Net Income 2015: -$223,0552015Revenue 2016: $327,119Expenses 2016: $467,353Net Income 2016: -$140,2342016Revenue 2017: $602,155Expenses 2017: $513,578Net Income 2017: $88,5772017Revenue 2018: $620,533Expenses 2018: $477,997Net Income 2018: $142,5362018Revenue 2019: $602,111Expenses 2019: $484,596Net Income 2019: $117,5152019Revenue 2020: $606,920Expenses 2020: $466,889Net Income 2020: $140,0312020Revenue 2021: $607,946Expenses 2021: $452,297Net Income 2021: $155,6492021Revenue 2022: $475,606Expenses 2022: $430,803Net Income 2022: $44,8032022Revenue 2023: $427,926Expenses 2023: $436,679Net Income 2023: -$8,7532023Revenue 2024: $498,811Expenses 2024: $476,846Net Income 2024: $21,9652024

Highlighted filing

2024

Revenue$498,811
Expenses$476,846
Net Income$21,965
Open 2024 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
May 1, 2024
Return Version
2023v6.0
Gross Receipts
$498,811
Mission and Program Overview

Mission

Support west hawaii exploration academy public charter school and to foster dissemination of the school's best practices and other educational reform initiatives.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$5,889,575$5,613,695▼ $275,880
Savings and Temporary Cash Investments$335,519$456,269▲ $120,750
Prepaid Expenses and Deferred Charges-$14,788-
Total Assets$6,250,594$6,110,252▼ $140,342
Other Assets Total$25,500$25,500→ $0
Liabilities
Mortgage Notes Payable Secured by Investment Property$4,276,195$4,114,412▼ $161,783
Accounts Payable and Accrued Expenses$524--
Total Liabilities$4,276,719$4,114,412▼ $162,307
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,967,675$1,972,989▲ $5,314
Net Assets With Donor Restrictions$6,200$22,851▲ $16,651
Total Net Assets Fund Balance$1,973,875$1,995,840▲ $21,965
Total Liabilities and Net Assets / Fund Balance$6,250,594$6,110,252▼ $140,342

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$5,613,695$2,662,680$8,276,375
Equipment-$77,737$77,737
Compensation and Service Providers
Top Officer Pay22nd percentile

Board Members and Trustees

NameTitle
Vicky CarlsonChairperson
Lauren ManuelVice Chair
Cat CambriaMember
Jamie BergsmaTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$38,642
Program Service Revenue
$456,000
Investment Income
$4,169
Other Revenue
$0
All Other Contributions
$38,642
Change in Net Assets
$21,965

Audited Revenue Reconciliation

Revenue per Audited Statements
$498,811
Total Revenue per Audited Statements
$498,811
Total Revenue per Form 990
$498,811
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$463,466
Grants and Similar Amounts Paid$13,380
Total Fundraising Expense$3,000
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$270,362$5,518-$275,880
Interest$144,155$2,942-$147,097
Other Expenses$810$36,679$3,000$40,489
Grants to Domestic Orgs$13,380--$13,380
Total Functional Expenses$428,707$45,139$3,000$476,846

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$476,846
Total Expenses per Audited Statements$476,846
Total Expenses per Form 990$476,846
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
West Hawaii Explorations AcademyKailuakona, HI-Support$13,380
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with 35% controlled entity
No
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
No
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, Page 6, Part VI, Line 11B

“The board of directors reviews and approves the form 990 prior to filing.”

Form 990, Page 6, Part VI, Line 12C

“Board members are required to identify when a posssible or actual conflict exists. Annual statements are required to confirm each board member has received the conflict of interest policy, understands it, and agrees to comply.”

Form 990, Page 6, Part VI, Line 19

“Forms 1023 and 990 are available upon request.”

Filing and Contact Details

Filer

Filer Name
The Exploration Foundation
EIN
20-8992248
Phone
8083274751
Address
73-4460 QUEEN KAAHUMANU HWY 105, KAILUA KONA, HI 96740-2636

Signing Officer

Name
Vicky Carlson
Title
Chairperson
Phone
8083274751
Signed
2024-05-01
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Vicky Carlson
Formed
2008
Legal Domicile
Hi
Voting Board Members
4
Independent Board Members
4
Employees
0
Volunteers
4

Preparer

Firm
Carbonaro Cpas & Management Group
Address
1885 MAIN ST STE 408, WAILUKU, HI 96793
Preparer
Gretchen Kremeyer
Phone
8082425002
Supplemental Narrative

Financial Statement Notes

Schedule D, Page 3, Part X

“The foundation is exempt from federal income taxes under section 501(c)(3) of the internal revenue code and applicable state law. The accounting standard on accounting for uncertainty in income taxes addresses the determination of whether tax benefits claimed or expected to be claimed on a tax return should be recorded in the financial statements. Under that guidance, the foundation may recognize the tax benefit from an uncertain tax position only if it is more likely than not that the tax position will be sustained on examination by taxing authorities based on the technical merits of the position. Examples of tax positions include the tax-exempt status of the foundation and various positions related to the potential sources of unrelated business taxable income (ubit). The tax benefits recognized in the financial statements from such a position are measured based on the largest benefit that has a greater than 50% likelihood of being realized upon ultimate settlement. There were no unrecognized tax benefits identified, or recorded as liabilities for the years ended june 30, 2024 and 2023. The foundation files its forms 990 in the u.s. Federal jurisdiction and the office of the state's attorney general for the state of hawaii. The foundation is generally no longer subject to examination by the internal revenue service for year before 2021.”

Raw XML Appendix339 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
IRS990/AccountantCompileOrReviewInd0false
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt0524
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0SUPPORT WEST HAWAII EXPLORATION ACADEMY PUBLIC CHARTER SCHOOL AND TO FOSTER DISSEMINATION OF THE SCHOOL'S BEST PRACTICES AND OTHER EDUCATIONAL REFORM INITIATIVES.
IRS990/AllOtherContributionsAmt038642
IRS990/AnnualDisclosureCoveredPrsnInd0true
IRS990/AuditCommitteeInd0true
IRS990/BooksInCareOfDetail/PersonNm0THE EXPLORATION FOUNDATION
IRS990/BooksInCareOfDetail/PhoneNum08083274751
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt073-4460 QUEEN KAAHUMANU HWY 105
IRS990/BooksInCareOfDetail/USAddress/CityNm0KAILUA KONA
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0HI
IRS990/BooksInCareOfDetail/USAddress/ZIPCd096740
IRS990/BusinessRlnWith35CtrlEntInd0false
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CollectionsOfArtInd0false
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0false
IRS990/CompensationProcessOtherInd0false
IRS990/ConflictOfInterestPolicyInd0true
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt038642
IRS990/CYGrantsAndSimilarPaidAmt013380
IRS990/CYInvestmentIncomeAmt04169
IRS990/CYOtherExpensesAmt0463466
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt0456000
IRS990/CYRevenuesLessExpensesAmt021965
IRS990/CYSalariesCompEmpBnftPaidAmt00
IRS990/CYTotalExpensesAmt0476846
IRS990/CYTotalFundraisingExpenseAmt03000
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt0498811
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/DepreciationDepletionGrp/ManagementAndGeneralAmt05518
IRS990/DepreciationDepletionGrp/ProgramServicesAmt0270362
IRS990/DepreciationDepletionGrp/TotalAmt0275880
IRS990/Desc0SUPPORT FOR WEST HAWAII EXPLORATION ACADEMY PUBLIC CHARTER SCHOOL.
IRS990/DescribedInSection501c3Ind0true
IRS990/DisregardedEntityInd0false
IRS990/DocumentRetentionPolicyInd0false
IRS990/DonorAdvisedFundInd0false
IRS990/DonorRestrictionNetAssetsGrp/BOYAmt06200
IRS990/DonorRestrictionNetAssetsGrp/EOYAmt022851
IRS990/DonorRstrOrQuasiEndowmentsInd0false
IRS990/ElectionOfBoardMembersInd0false
IRS990/EmployeeCnt00
IRS990/EngagedInExcessBenefitTransInd0false
IRS990/ExpenseAmt0428707
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FederalGrantAuditPerformedInd0true
IRS990/FederalGrantAuditRequiredInd0true
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignOfficeInd0false
IRS990/Form8282PropertyDisposedOfInd0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt02.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt12.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt22.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt32.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/PersonNm0VICKY CARLSON
IRS990/Form990PartVIISectionAGrp/PersonNm1LAUREN MANUEL
IRS990/Form990PartVIISectionAGrp/PersonNm2JAMIE BERGSMA
IRS990/Form990PartVIISectionAGrp/PersonNm3CAT CAMBRIA
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/TitleTxt0CHAIRPERSON
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt2TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt3MEMBER
IRS990/Form990ProvidedToGvrnBodyInd0true
IRS990/FormationYr02008
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd0true
IRS990/FundraisingActivitiesInd0false
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt04
IRS990/GrantAmt013380
IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt013380
IRS990/GrantsToDomesticOrgsGrp/TotalAmt013380
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0true
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt0498811
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0true
IRS990/IndependentAuditFinclStmtInd0true
IRS990/IndependentVotingMemberCnt04
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InterestGrp/ManagementAndGeneralAmt02942
IRS990/InterestGrp/ProgramServicesAmt0144155
IRS990/InterestGrp/TotalAmt0147097
IRS990/InvestmentIncomeGrp/ExclusionAmt04169
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt04169
IRS990/InvestmentInJointVentureInd0false
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt02740417
IRS990/LandBldgEquipBasisNetGrp/BOYAmt05889575
IRS990/LandBldgEquipBasisNetGrp/EOYAmt05613695
IRS990/LandBldgEquipCostOrOtherBssAmt08354112
IRS990/LegalDomicileStateCd0HI
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0SUPPORT WEST HAWAII EXPLORATION ACADEMY PUBLIC CHARTER SCHOOL AND TO FOSTER DISSEMINATION OF THE SCHOOL'S BEST PRACTICES AND OTHER EDUCATIONAL REFORM INITIATIVES.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt04276195
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt04114412
IRS990/NetAssetsOrFundBalancesBOYAmt01973875
IRS990/NetAssetsOrFundBalancesEOYAmt01995840
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt01967675
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt01972989
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd0false
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt025500
IRS990/OtherAssetsTotalGrp/EOYAmt025500
IRS990/OtherExpensesGrp/Desc0ADMINISTRATION FEES
IRS990/OtherExpensesGrp/FundraisingAmt03000
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt036679
IRS990/OtherExpensesGrp/ProgramServicesAmt0810
IRS990/OtherExpensesGrp/TotalAmt040489
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt014788
IRS990/PrincipalOfficerNm0VICKY CARLSON
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0532000
IRS990/ProgramServiceRevenueGrp/Desc0PROGRAM RENTAL REVENUE
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0456000
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0456000
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt07805
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt01614
IRS990/PYOtherExpensesAmt0436679
IRS990/PYOtherRevenueAmt054067
IRS990/PYProgramServiceRevenueAmt0364440
IRS990/PYRevenuesLessExpensesAmt0-8753
IRS990/PYTotalExpensesAmt0436679
IRS990/PYTotalRevenueAmt0427926
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt021965
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0456000
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0335519
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0456269
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt038642
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt07805
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0915
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt07663
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt05400
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt060425
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt04169
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt01614
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0288
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0283
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt01520
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt07874
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt02548910
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.88470
IRS990ScheduleA/PublicSupportPY170Pct00.84330
IRS990ScheduleA/PublicSupportTotal170Amt060425
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt038642
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt07805
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0915
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt07663
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt05400
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt060425
IRS990ScheduleA/TotalSupportAmt068299
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/ScheduleBRequiredInd0true
IRS990ScheduleD/BuildingsGrp/BookValueAmt05613695
IRS990ScheduleD/BuildingsGrp/DepreciationAmt02662680
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt08276375
IRS990ScheduleD/EquipmentGrp/DepreciationAmt077737
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt077737
IRS990ScheduleD/ExpensesSubtotalAmt0476846
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/RevenueSubtotalAmt0498811
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE FOUNDATION IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND APPLICABLE STATE LAW. THE ACCOUNTING STANDARD ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES ADDRESSES THE DETERMINATION OF WHETHER TAX BENEFITS CLAIMED OR EXPECTED TO BE CLAIMED ON A TAX RETURN SHOULD BE RECORDED IN THE FINANCIAL STATEMENTS. UNDER THAT GUIDANCE, THE FOUNDATION MAY RECOGNIZE THE TAX BENEFIT FROM AN UNCERTAIN TAX POSITION ONLY IF IT IS MORE LIKELY THAN NOT THAT THE TAX POSITION WILL BE SUSTAINED ON EXAMINATION BY TAXING AUTHORITIES BASED ON THE TECHNICAL MERITS OF THE POSITION. EXAMPLES OF TAX POSITIONS INCLUDE THE TAX-EXEMPT STATUS OF THE FOUNDATION AND VARIOUS POSITIONS RELATED TO THE POTENTIAL SOURCES OF UNRELATED BUSINESS TAXABLE INCOME (UBIT). THE TAX BENEFITS RECOGNIZED IN THE FINANCIAL STATEMENTS FROM SUCH A POSITION ARE MEASURED BASED ON THE LARGEST BENEFIT THAT HAS A GREATER THAN 50% LIKELIHOOD OF BEING REALIZED UPON ULTIMATE SETTLEMENT. THERE WERE NO UNRECOGNIZED TAX BENEFITS IDENTIFIED, OR RECORDED AS LIABILITIES FOR THE YEARS ENDED JUNE 30, 2024 AND 2023. THE FOUNDATION FILES ITS FORMS 990 IN THE U.S. FEDERAL JURISDICTION AND THE OFFICE OF THE STATE'S ATTORNEY GENERAL FOR THE STATE OF HAWAII. THE FOUNDATION IS GENERALLY NO LONGER SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE FOR YEAR BEFORE 2021.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 3, PART X
IRS990ScheduleD/TotalBookValueLandBuildingsAmt05613695
IRS990ScheduleD/TotalExpensesPerForm990Amt0476846
IRS990ScheduleD/TotalRevenuePerForm990Amt0498811
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0498811
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0476846
IRS990ScheduleI/GrantRecordsMaintainedInd0true
IRS990ScheduleI/RecipientTable/CashGrantAmt013380
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0SUPPORT
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0WEST HAWAII EXPLORATIONS ACADEMY
IRS990ScheduleI/RecipientTable/RecipientEIN0990266482
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt073-4460 QUEEN KAAHUMANU HWY
IRS990ScheduleI/RecipientTable/USAddress/CityNm0KAILUAKONA
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0HI
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd096740
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0GRANTS ARE REVIEWED FOR ALIGNMENT WITH MISSION AND VISION. THE SCHOOL REPORTS EXPENDITURES FOR THE PROGRAM TO THE NONPROFIT.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE I, PAGE 1, PART I, LINE 2
IRS990ScheduleI/Total501c3OrgCnt01
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE BOARD OF DIRECTORS REVIEWS AND APPROVES THE FORM 990 PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1BOARD MEMBERS ARE REQUIRED TO IDENTIFY WHEN A POSSSIBLE OR ACTUAL CONFLICT EXISTS. ANNUAL STATEMENTS ARE REQUIRED TO CONFIRM EACH BOARD MEMBER HAS RECEIVED THE CONFLICT OF INTEREST POLICY, UNDERSTANDS IT, AND AGREES TO COMPLY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2FORMS 1023 AND 990 ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0HI
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt06250594
IRS990/TotalAssetsEOYAmt06110252
IRS990/TotalAssetsGrp/BOYAmt06250594
IRS990/TotalAssetsGrp/EOYAmt06110252
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt038642
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt03000
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt045139
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0428707
IRS990/TotalFunctionalExpensesGrp/TotalAmt0476846
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt04276719
IRS990/TotalLiabilitiesEOYAmt04114412
IRS990/TotalLiabilitiesGrp/BOYAmt04276719
IRS990/TotalLiabilitiesGrp/EOYAmt04114412
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01973875
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01995840
IRS990/TotalProgramServiceExpensesAmt0428707
IRS990/TotalProgramServiceRevenueAmt0456000
IRS990/TotalRevenueGrp/ExclusionAmt04169
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0456000
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0498811
IRS990/TotalVolunteersCnt04
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt06250594
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt06110252
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt073-4460 QUEEN KAAHUMANU HWY 105
IRS990/USAddress/CityNm0KAILUAKONA
IRS990/USAddress/StateAbbreviationCd0HI
IRS990/USAddress/ZIPCd0967402636
IRS990/VotingMembersGoverningBodyCnt04
IRS990/VotingMembersIndependentCnt04
IRS990/WebsiteAddressTxt0EXPLORATIONFOUND.ORG
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0VICKY CARLSON
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CHAIRPERSON
ReturnHeader/BusinessOfficerGrp/PhoneNum08083274751
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-05-01
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0THE EXPLORATION FOUNDATION
ReturnHeader/Filer/BusinessNameControlTxt0EXPL
ReturnHeader/Filer/EIN0208992248
ReturnHeader/Filer/PhoneNum08083274751
ReturnHeader/Filer/USAddress/AddressLine1Txt073-4460 QUEEN KAAHUMANU HWY 105
ReturnHeader/Filer/USAddress/CityNm0KAILUA KONA
ReturnHeader/Filer/USAddress/StateAbbreviationCd0HI
ReturnHeader/Filer/USAddress/ZIPCd0967402636
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0990303190
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0CARBONARO CPAS & MANAGEMENT GROUP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01885 MAIN ST STE 408
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0WAILUKU
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0HI
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd096793
ReturnHeader/PreparerPersonGrp/PhoneNum08082425002
ReturnHeader/PreparerPersonGrp/PreparationDt02025-05-02
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0GRETCHEN KREMEYER
ReturnHeader/ReturnTs02025-05-07T17:25:14-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02023-07-01
ReturnHeader/TaxPeriodEndDt02024-06-30
ReturnHeader/TaxYr02023

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$6,110,252
Liabilities
$4,114,412
Net assets
$1,995,840
Revenue
$498,811
Expenses
$476,846
Net income
$21,965
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$6.11$4.11$2.00$0.50$0.48$0.02
2023Detailed filing. Detailed filing data is available for this year.$6.25$4.28$1.97$0.43$0.44$0.01
2022Detailed filing. Detailed filing data is available for this year.$6.42$4.43$1.98$0.48$0.43$0.04
2021Detailed filing. Detailed filing data is available for this year.$6.69$4.75$1.94$0.61$0.45$0.16
2020Detailed filing. Detailed filing data is available for this year.$7.01$5.22$1.78$0.61$0.47$0.14
2019Detailed filing. Detailed filing data is available for this year.$7.53$5.89$1.64$0.60$0.48$0.12
2018Detailed filing. Detailed filing data is available for this year.$7.59$6.04$1.54$0.62$0.48$0.14
2017Detailed filing. Detailed filing data is available for this year.$7.87$6.47$1.40$0.60$0.51$0.09
2016Detailed filing. Detailed filing data is available for this year.$8.06$6.75$1.31$0.33$0.47$0.14
2015Detailed filing. Detailed filing data is available for this year.$7.71$6.25$1.45$0.28$0.50$0.22
2014Detailed filing. Detailed filing data is available for this year.$7.19$5.51$1.67$0.12$0.11$0.01
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.27$0.60$1.67$0.01
2012Summary only. Only limited summary data is available for this year.$0.09$0.00$0.09$0.16$0.13$0.03
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.09$0.00$0.09$0.13