Civic Intelligence

Explore Schools Inc.

990 • Fiscal year 2010 • EIN 26-3282250

Jul 01, 2009 to Jun 30, 2010 • Filed on Feb 14, 2011

Organization ProfileWWW.EXPLORENETWORK.ORG

View Organization Page

155 water street11201
Siviq Scores

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

Liabilities / Assets

68th percentile

0.30x

Higher debt load relative to assets than 68% of similar nonprofits.

2010 filings • NTEE B • $1M-$5M nonprofits • Source year 2010

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2010

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on this filing.

Source year 2010

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2010

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2010

Revenue Growth

Score unavailable

No value available

No valid filing value is available for this score.

Balance Sheet
Liabilities / Assets68th percentile

Assets

$679,545

No earlier filing loaded for comparison.

Net Assets

$478,268

No earlier filing loaded for comparison.

Liabilities

$201,277

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / RevenueScore unavailableNet MarginScore unavailable

Revenue

-

No earlier filing loaded for comparison.

Expenses

$1,061,435

No earlier filing loaded for comparison.

Net Income

-

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset GrowthScore unavailable

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

$3.0M$2.0M$1.0M$0Assets 2010: $679,545Liabilities 2010: $201,277Net Assets 2010: $478,2682010Assets 2011: $1,264,393Liabilities 2011: $504,431Net Assets 2011: $759,9622011Assets 2012: $1,935,039Liabilities 2012: $536,275Net Assets 2012: $1,398,7642012Assets 2013: $2,691,620Liabilities 2013: $523,633Net Assets 2013: $2,167,9872013Assets 2014: $2,974,146Liabilities 2014: $419,428Net Assets 2014: $2,554,7182014Assets 2015: $2,877,505Liabilities 2015: $228,909Net Assets 2015: $2,648,5962015Assets 2016: $2,985,332Liabilities 2016: $373,425Net Assets 2016: $2,611,9072016Assets 2017: $2,606,903Liabilities 2017: $249,523Net Assets 2017: $2,357,3802017Assets 2018: $2,197,412Liabilities 2018: $347,761Net Assets 2018: $1,849,6512018Assets 2019: $1,416,198Liabilities 2019: $348,700Net Assets 2019: $1,067,4982019Assets 2020: $1,150,685Liabilities 2020: $401,355Net Assets 2020: $749,3302020Assets 2021: $1,807,544Liabilities 2021: $1,087,422Net Assets 2021: $720,1222021Assets 2022: $1,638,975Liabilities 2022: $507,853Net Assets 2022: $1,131,1222022Assets 2023: $1,605,035Liabilities 2023: $475,675Net Assets 2023: $1,129,3602023Assets 2024: $1,975,279Liabilities 2024: $966,775Net Assets 2024: $1,008,5042024

Highlighted filing

2010

Assets$679,545
Liabilities$201,277
Net Assets$478,268
Open 2010 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$6.0M$4.0M$2.0M$0-$2.0MExpenses 2010: $1,061,4352010Expenses 2011: $1,822,0312011Expenses 2012: $2,478,7652012Expenses 2013: $3,162,6762013Revenue 2014: $3,725,306Expenses 2014: $3,338,575Net Income 2014: $386,7312014Revenue 2015: $3,390,784Expenses 2015: $3,296,906Net Income 2015: $93,8782015Revenue 2016: $3,313,595Expenses 2016: $3,347,174Net Income 2016: -$33,5792016Revenue 2017: $3,498,484Expenses 2017: $3,751,060Net Income 2017: -$252,5762017Revenue 2018: $3,619,678Expenses 2018: $4,124,548Net Income 2018: -$504,8702018Revenue 2019: $3,955,734Expenses 2019: $4,737,887Net Income 2019: -$782,1532019Revenue 2020: $4,110,842Expenses 2020: $4,427,568Net Income 2020: -$316,7262020Revenue 2021: $4,043,076Expenses 2021: $4,072,284Net Income 2021: -$29,2082021Revenue 2022: $4,621,468Expenses 2022: $4,210,468Net Income 2022: $411,0002022Revenue 2023: $4,748,495Expenses 2023: $4,750,257Net Income 2023: -$1,7622023Revenue 2024: $4,912,689Expenses 2024: $5,033,545Net Income 2024: -$120,8562024

Highlighted filing

2010

Revenue-
Expenses$1,061,435
Net Income-
Open 2010 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2009 to Jun 30, 2010
Signed
Feb 14, 2011
Return Version
2009v1.7
Gross Receipts
$1,498,403
Mission and Program Overview

Mission

To provide strategic planning, board governance, financial oversight, human resources, and other management support to a network of k-8 charter schools in under-served communities that provide students with the academic skills and critical-thinking abilities they need to succeed in a college-preparatory high school.

Major Activities

Activity 2
Provided Management advisory services per contract and provided support to launch Explore Empower Charter School.
Activity 3
Awarded Charter for first turnaround in NYC.
Filing and Contact Details

Filer

EIN
26-3282250
Raw XML AppendixShowing 400 of 469 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.

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IRS990/MissionDescription0The Organization is a New York-based, non-profit charter management organization. Its mission is to create and support a network of K-8 public schools in under-served communities that provides students with the academic skills and critical-thinking abilities they need to succeed in a college-preparatory high school. There are currently 700 students enrolled in the network's two charter schools in central Brooklyn. To realize its mission, Explore Schools provides value-added support to the schools within the network, while at the same time developing capacity to establish and support turnaround schools that will provide students in under-served communities with access to a high-quality public education.
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IRS990ScheduleD/Form990ScheduleDPartXIV/Explanation0On July 1, 2009, the Organization adopted the accounting standard on accounting for uncertainty in income taxes (Accounting Standards Codification ("ASC") 740, formerly Financial Accounting Standards Board ("FASB") Interpretation No. 48), which 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 this guidance, the Organization 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. 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. The guidance on accounting for uncertainty in income taxes also addresses derecognition, classification, interest and penalties on income taxes, and accounting in interim periods. Management has evaluated the Organization's tax positions for 2010 and concluded that the Organization had taken no uncertain tax positions that require adjustment to the financial statements to comply with the provisions of this guidance.
IRS990ScheduleD/Form990ScheduleDPartXIV/Explanation1special events expenses offset against special events revenue: -10041.
IRS990ScheduleD/Form990ScheduleDPartXIV/Explanation2special events expenses offset against special events revenue: 10041.
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IRS990ScheduleI/Form990ScheduleIPartIV/Explanation0Schedule I, Part I, Line 2: the amounts remitted as grants during the fiscal year ended 6/30/10 were to Explore Charter School and Explore Empower Charter School. these were amounts raised as part of a fundraising event and passed on to the schools to be used in their general operations. There was no specific monitoring of the fund usage required.
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IRS990ScheduleJ/Form990ScheduleJPartIII/Explanation0during Explore Schools, Inc.'s (ESI) start-up period, all employees' salaries were paid by Explore Charter School (ECS) on their behalf. ECS was subsequently reimbursed for all those expenses. as of 7/1/09, ESI began paying out their employees' salaries. for purposes of Form 990, part vii, the 2009 W-2 compensation was paid by ECS, an unrelated party. the following are the recipients and amounts of reportable compensation. Morton A. ballen - $93,948 catherine barunfaldi - $74,094
IRS990ScheduleJ/Form990ScheduleJPartIII/Identifier0Supplemental Information
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IRS990ScheduleO/GeneralExplanation/Explanation0Senior management reviews the form 990 and then forwards it to the finance committee for their review. Changes are made to the draft return, when necessary. The final version of the form 990 is then distributed to all the organization's board members prior to filing with the IRS.
IRS990ScheduleO/GeneralExplanation/Explanation1Prior to election to the Board, and thereafter on an annual basis, all Trustees, officers and key employees (if applicable) are required to disclose, in writing, to the best of their knowledge, any Interest such Trustee may have in any corporation, organization, partnership or other entity which provides professional or other goods or services to the organization for a fee or other compensation, and any Interest such Trustee may have as a result of a position or other relationship with any not-for-profit corporation with which the organization has an attorney-client or other business relationship (collectively, a 'Conflict of Interest').
IRS990ScheduleO/GeneralExplanation/Explanation2The compensation committee does a market analysis to compare CEO and other leadership position salaries in similar organizations and is also involved in the approval for the annual budget for the organization. The same process is followed to determine key employee salaries when applicable.
IRS990ScheduleO/GeneralExplanation/Explanation3The organization makes its governing documents, conflict of interest policy, and financial statements available upon request.
IRS990ScheduleO/GeneralExplanation/Explanation4morton a. ballen worked 13 hours/week for explore charter school (unrelated entity, see Schedule J, Part III) and 1 hour/week for Friends of Explore Charter School. he also devoted 17 hours/week to explore empower charter school (an unrelated organization, within the Explore umbrella of entities). catherine barufaldi worked 10 hours/week for explore charter school (unrelated entity, see Schedule J, Part III) and 15 hours/week for explore empower charter school (an unrelated organization, within the Explore umbrella of entities).
IRS990ScheduleO/GeneralExplanation/Identifier0Form 990, Part VI, Section B, line 11
IRS990ScheduleO/GeneralExplanation/Identifier1Form 990, Part VI, Section B, line 12c
IRS990ScheduleO/GeneralExplanation/Identifier2Form 990, Part VI, Section B, line 15
IRS990ScheduleO/GeneralExplanation/Identifier3Form 990, Part VI, Section C, line 19
IRS990ScheduleO/GeneralExplanation/Identifier4form 990, part vii
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IRS990ScheduleR/Form990ScheduleRPartII/ExemptCodeSection0501(c)(3)
IRS990ScheduleR/Form990ScheduleRPartII/LegalDomicileState0NY
IRS990ScheduleR/Form990ScheduleRPartII/NameOfDisregardedEntity/BusinessNameLine10THE Friends of Explore CHARTER SCHOOL INC
IRS990ScheduleR/Form990ScheduleRPartII/PrimaryActivities0to support explore charter school
IRS990ScheduleR/Form990ScheduleRPartII/PublicCharityStatus0170(b)(1) (A)(vi)
IRS990ScheduleR/GiftGrantOrCapContrFrOtherOrg00
IRS990ScheduleR/GiftGrantOrCapContrToOtherOrg00
IRS990ScheduleR/LoansOrGuaranteesFromOtherOrg01
IRS990ScheduleR/LoansOrGuaranteesToOtherOrg00
IRS990ScheduleR/OtherTransferFromOtherOrg01
IRS990ScheduleR/OtherTransferToOtherOrg00
IRS990ScheduleR/PerformOfServicesByOtherOrgs00
IRS990ScheduleR/PerformOfServicesForOtherOrgs00
IRS990ScheduleR/PurchaseOfAssetsFromOtherOrg00
IRS990ScheduleR/ReceiptOfIntAnnRentsRoyalties00
IRS990ScheduleR/ReimbursementPaidByOtherOrg00
IRS990ScheduleR/ReimbursementPaidToOtherOrg01
IRS990ScheduleR/RentalOfFacilitiesFrOtherOrgs00
IRS990ScheduleR/RentalOfFacilitiesToOtherOrgs00
IRS990ScheduleR/SaleOfAssetsToOtherOrg00
IRS990ScheduleR/SharingOfFacilities00
IRS990ScheduleR/SharingOfPaidEmployees00
IRS990ScheduleR/TransactionsRelatedOrgsTable/AmountInvolved0125
IRS990ScheduleR/TransactionsRelatedOrgsTable/AmountInvolved122072
IRS990ScheduleR/TransactionsRelatedOrgsTable/AmountInvolved2307803
IRS990ScheduleR/TransactionsRelatedOrgsTable/NameOfOtherOrganization/BusinessNameLine10Friends of Explore Charter School (foecs)- outstanding startup loan balance
IRS990ScheduleR/TransactionsRelatedOrgsTable/NameOfOtherOrganization/BusinessNameLine11FOECS - reimb of exp for network retreat & consultant services
IRS990ScheduleR/TransactionsRelatedOrgsTable/NameOfOtherOrganization/BusinessNameLine12FOECS - transfer of funds received on behalf of ESI
IRS990ScheduleR/TransactionsRelatedOrgsTable/TransactionType0E
IRS990ScheduleR/TransactionsRelatedOrgsTable/TransactionType1O
IRS990ScheduleR/TransactionsRelatedOrgsTable/TransactionType2R
IRS990/School00
IRS990/SignificantChange00
IRS990/SignificantNewProgramServices00
IRS990/StateLegalDomicile0NY
IRS990/TaxablePartyNotification00
IRS990/TaxExemptBonds00
IRS990/TemporarilyRestrictedNetAssets/BOY0102508
IRS990/TemporarilyRestrictedNetAssets/EOY0311167
IRS990/Terminated00
IRS990/TermOrPermanentEndowments00
IRS990/TheBooksAreInCareOf/AddressUS/AddressLine10155 WATER STREET
IRS990/TheBooksAreInCareOf/AddressUS/City0BROOKLYN
IRS990/TheBooksAreInCareOf/AddressUS/State0NY
IRS990/TheBooksAreInCareOf/AddressUS/ZIPCode011201
IRS990/TheBooksAreInCareOf/NamePerson0ADEL HAGEB
IRS990/TheBooksAreInCareOf/TelephoneNumber03476616351
IRS990/TotalAssets/BOY070973
IRS990/TotalAssetsBOY070973
IRS990/TotalAssets/EOY0679545

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2010 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$679,545
Liabilities
$201,277
Net assets
$478,268
Revenue
-
Expenses
$1,061,435
Net income
-
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.98$0.97$1.01$4.91$5.03$0.12
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.61$0.48$1.13$4.75$4.75$0.00
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.64$0.51$1.13$4.62$4.21$0.41
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.81$1.09$0.72$4.04$4.07$0.03
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.15$0.40$0.75$4.11$4.43$0.32
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.42$0.35$1.07$3.96$4.74$0.78
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.20$0.35$1.85$3.62$4.12$0.50
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.61$0.25$2.36$3.50$3.75$0.25
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.99$0.37$2.61$3.31$3.35$0.03
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.88$0.23$2.65$3.39$3.30$0.09
2014Detailed filing. Detailed filing data is available for this year.$2.97$0.42$2.55$3.73$3.34$0.39
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.69$0.52$2.17$3.16
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.94$0.54$1.40$2.48
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.26$0.50$0.76$1.82
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.68$0.20$0.48$1.06
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2010 filings • 501(c)3 • $1M-$5M nonprofits