Civic Intelligence

Explore Empower Charter School

990 • Fiscal year 2014 • EIN 26-4411431

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

Organization ProfileEXPLORENETWORK.ORG
188 Rochester Avenue11213

(347) 661-3543

Siviq Scores

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

Liabilities / Assets

51st percentile

0.20x

Higher debt load relative to assets than 51% of similar nonprofits.

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

Liabilities / Revenue

34th percentile

0.10x

Higher debt load relative to revenue than 34% of similar nonprofits.

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

Net Margin

76th percentile

17%

Higher net margin than 76% of similar nonprofits.

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

Top Officer Pay

33rd percentile

$85,005

Higher top officer pay than 33% of similar nonprofits.

Top officer pay equals 1.3% of source-year revenue.

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

Asset Growth

95th percentile

63%

Faster asset growth than 95% of similar nonprofits.

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

Revenue Growth

Score unavailable

No value available

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

Source year 2014

Balance Sheet
Liabilities / Assets51st percentile

Assets

Up

$3,331,242

Up $1,282,506 (+63%) from 2013

Net Assets

Up

$2,678,287

Up $1,142,152 (+74%) from 2013

Liabilities

Up

$652,955

Up $140,354 (+27%) from 2013

Revenue And Expenses
Liabilities / Revenue34th percentileNet Margin76th percentile

Revenue

$6,635,152

No earlier filing loaded for comparison.

Expenses

Up

$5,493,000

Up $422,184 (+8.3%) from 2013

Net Income

$1,142,152

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset Growth95th percentile

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

$6.0M$4.0M$2.0M$0Assets 2011: $903,622Liabilities 2011: $378,812Net Assets 2011: $524,8102011Assets 2012: $1,479,466Liabilities 2012: $477,736Net Assets 2012: $1,001,7302012Assets 2013: $2,048,736Liabilities 2013: $512,601Net Assets 2013: $1,536,1352013Assets 2014: $3,331,242Liabilities 2014: $652,955Net Assets 2014: $2,678,2872014Assets 2015: $4,187,347Liabilities 2015: $683,692Net Assets 2015: $3,503,6552015

Highlighted filing

2014

Assets$3,331,242
Liabilities$652,955
Net Assets$2,678,287
Open 2014 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$8.0M$6.0M$4.0M$2.0M$0Expenses 2011: $3,035,5272011Expenses 2012: $4,013,5162012Expenses 2013: $5,070,8162013Revenue 2014: $6,635,152Expenses 2014: $5,493,000Net Income 2014: $1,142,1522014Revenue 2015: $7,747,408Expenses 2015: $6,922,040Net Income 2015: $825,3682015

Highlighted filing

2014

Revenue$6,635,152
Expenses$5,493,000
Net Income$1,142,152
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
$6,635,152
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$1,584,665$2,933,823▲ $1,349,158
Land, Buildings, and Equipment, Net$204,425$235,666▲ $31,241
Pledges and Grants Receivable$136,596$79,805▼ $56,791
Prepaid Expenses and Deferred Charges$40,534$10,540▼ $29,994
Accounts Receivable$4,975$1,206▼ $3,769
Total Assets$2,041,363$3,331,242▲ $1,289,879
Other Assets Total$70,168$70,202▲ $34
Liabilities
Accounts Payable and Accrued Expenses$501,995$649,547▲ $147,552
Other Liabilities$3,233$3,408▲ $175
Total Liabilities$505,228$652,955▲ $147,727
Net Assets / Fund Balance
Unrestricted Net Assets$1,536,135$2,678,287▲ $1,142,152
Total Net Assets Fund Balance$1,536,135$2,678,287▲ $1,142,152
Total Liabilities and Net Assets / Fund Balance$2,041,363$3,331,242▲ $1,289,879

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$210,756$304,466$515,222
Other Land Buildings$24,910$70,686$95,596
Compensation and Service Providers
Top Officer Pay33rd percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Elizabeth DoylePrincipalFT$79,357$5,648$85,005
Brian FerreiraPrincipalFT$47,578$2,607$50,185

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-$608,851
Revenue and Support

Revenue Composition

Contributions and Grants
$358,120
Program Service Revenue
$6,276,873
Investment Income
$0
Other Revenue
$159
All Other Contributions
$15,349
Change in Net Assets
$1,142,152

Audited Revenue Reconciliation

Revenue per Audited Statements
$6,635,152
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$6,635,152
Total Revenue per Form 990
$6,635,152
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$3,820,123
Other Expenses$1,662,764
Grants and Similar Amounts Paid$10,113
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$2,608,752$405,394-$3,014,146
Fees for Services Management$437,469$229,525-$666,994
Other Employee Benefits$331,570$51,526-$383,096
Payroll Taxes$231,961$36,047-$268,008
Fees for Services Other$249,996$12,666-$262,662
Office Expenses$186,836$46,300-$233,136
Depreciation Depletion$126,961$8,854-$135,815
Current Officers, Directors, Trustees, and Key Employees$106,620$16,568-$123,188
Advertising$10,544$32,815-$43,359
Conferences and Meetings$30,664$6,222-$36,886
Insurance$29,734$5,247-$34,981
Pension Plan Contributions$27,424$4,261-$31,685
Fees for Services Accounting-$13,250-$13,250
Grants to Domestic Individuals$10,113--$10,113
All Other Expenses$8,535$1,513-$10,048
Other Expenses$9,739$7,483-$7,483
Total Functional Expenses$4,615,329$877,671$0$5,493,000

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$5,493,000
Total Expenses per Audited Statements$5,493,000
Total Expenses per Form 990$5,493,000
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$3,408
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
26-4411431
Phone
3476613543

Signing Officer

Name
Graeme Daykin
Title
Board Chair
Phone
3476613543
Signed
2015-01-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Graeme Daykin
Formed
2008
Legal Domicile
Ny
Voting Board Members
8
Independent Board Members
8
Employees
82
Volunteers
7

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/Desc0PROVIDED CLASSROOM CURRICULUM TO STUDENTS IN KINDERGARTEN THROUGH SIXTH GRADE FOR THE 2013-2014 SCHOOL YEAR. WE SERVED 410 STUDENTS FOR A FULL YEAR OF CLASSROOM INSTRUCTION.
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IRS990/OtherLiabilitiesGrp/EOYAmt03408
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0OTHER REVENUE
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt0159
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0159
IRS990/OtherRevenueTotalAmt0159
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0405394
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt02608752
IRS990/OtherSalariesAndWagesGrp/TotalAmt03014146
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt036047
IRS990/PayrollTaxesGrp/ProgramServicesAmt0231961
IRS990/PayrollTaxesGrp/TotalAmt0268008
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt04261
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt027424
IRS990/PensionPlanContributionsGrp/TotalAmt031685
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0136596
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt079805
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt040534
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt010540
IRS990/PrincipalOfficerNm0GRAEME DAYKIN
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/Desc0GOV'T PER-PUPIL REV.
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt06276873
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt06276873
IRS990/ProgSrvcAccomActy2Grp/Desc0FOR THE 2013-2014 SCHOOL YEAR, THE SCHOOL PROVIDED OPPORTUNITIES FOR SPECIAL EDUCATION STUDENTS BY PROVIDING INTEGRATED CO-TEACHING CLASSROOMS IN EVERY GRADE LEVEL, SPECIAL EDUCATION SUPPORT SERVICES, AND COUNSELING.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0586049
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt0687827
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0357304
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt019809
IRS990/PYInvestmentIncomeAmt00
IRS990/PYOtherExpensesAmt01380437
IRS990/PYOtherRevenueAmt01924
IRS990/PYProgramServiceRevenueAmt05245993
IRS990/PYRevenuesLessExpensesAmt0534405
IRS990/PYSalariesCompEmpBnftPaidAmt03670570
IRS990/PYTotalExpensesAmt05070816
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt05605221
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt01142152
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt05589046
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/BookValueAmt0210756
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0304466
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0515222
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt05493000
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt024910
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt070686
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt095596
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt03408
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DUE TO RELATED PARTIES
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt06635152
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/TotalBookValueLandBuildingsAmt0235666
IRS990ScheduleD/TotalExpensesPerForm990Amt05493000
IRS990ScheduleD/TotalLiabilityAmt03408
IRS990ScheduleD/TotalRevenuePerForm990Amt06635152
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt06635152
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt05493000
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/CashGrantAmt010113
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0STAFF SCHOLARSHIPS
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/NonCashAssistanceAmt00
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/NonCashAssistanceDesc0N/A
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt05
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
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine10EXPLORE CHARTER SCHOOL
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0134124616
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0NY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0EDUCATION
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0LINE 2
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine10655 PARKSIDE AVENUE

Document Assets

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Filings

Displayed year

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

Open filing
Assets
$3,331,242
Liabilities
$652,955
Net assets
$2,678,287
Revenue
$6,635,152
Expenses
$5,493,000
Net income
$1,142,152
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2015Detailed filing. Detailed filing data is available for this year.$4.19$0.68$3.50$7.75$6.92$0.83
2014Detailed filing. Detailed filing data is available for this year.$3.33$0.65$2.68$6.64$5.49$1.14
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.05$0.51$1.54$5.07
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.48$0.48$1.00$4.01
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.90$0.38$0.52$3.04