Civic Intelligence

Explore Empower Charter School

990 • Fiscal year 2015 • EIN 26-4411431

Jul 01, 2014 to Jun 30, 2015 • Filed on Feb 09, 2016

Organization ProfileEXPLORENETWORK.ORG
188 Rochester AvenueBrooklyn, NY 11213

(347) 661-3543

Siviq Scores

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

Liabilities / Assets

48th percentile

0.16x

Higher debt load relative to assets than 48% of similar nonprofits.

2015 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2015

Liabilities / Revenue

33rd percentile

0.09x

Higher debt load relative to revenue than 33% of similar nonprofits.

2015 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2015

Net Margin

69th percentile

11%

Higher net margin than 69% of similar nonprofits.

2015 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2015

Top Officer Pay

59th percentile

$139,322

Higher top officer pay than 59% of similar nonprofits.

Top officer pay equals 1.8% of source-year revenue.

2015 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2015

Asset Growth

87th percentile

26%

Faster asset growth than 87% of similar nonprofits.

2015 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2014 to 2015

Revenue Growth

75th percentile

17%

Faster revenue growth than 75% of similar nonprofits.

2015 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2014 to 2015

Balance Sheet
Liabilities / Assets48th percentile

Assets

Up

$4,187,347

Up $856,105 (+26%) from 2014

Net Assets

Up

$3,503,655

Up $825,368 (+31%) from 2014

Liabilities

Up

$683,692

Up $30,737 (+4.7%) from 2014

Revenue And Expenses
Liabilities / Revenue33rd percentileNet Margin69th percentile

Revenue

Up

$7,747,408

Up $1,112,256 (+17%) from 2014

Expenses

Up

$6,922,040

Up $1,429,040 (+26%) from 2014

Net Income

Down

$825,368

Down $316,784 (-28%) from 2014

Historical Trend

Balance Sheet Trend

Asset Growth87th 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

2015

Assets$4,187,347
Liabilities$683,692
Net Assets$3,503,655
Open 2015 Filing

Operations Trend

Revenue Growth75th percentile

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

2015

Revenue$7,747,408
Expenses$6,922,040
Net Income$825,368
Open 2015 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2014 to Jun 30, 2015
Signed
Feb 9, 2016
Return Version
2014v6.0
Gross Receipts
$7,747,408
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$2,933,823$3,791,354▲ $857,531
Land, Buildings, and Equipment, Net$235,666$209,439▼ $26,227
Pledges and Grants Receivable$79,805$103,292▲ $23,487
Prepaid Expenses and Deferred Charges$10,540$12,655▲ $2,115
Accounts Receivable$1,206$377▼ $829
Total Assets$3,331,242$4,187,347▲ $856,105
Other Assets Total$70,202$70,230▲ $28
Liabilities
Accounts Payable and Accrued Expenses$649,547$678,514▲ $28,967
Other Liabilities$3,408$5,178▲ $1,770
Total Liabilities$652,955$683,692▲ $30,737
Net Assets / Fund Balance
Unrestricted Net Assets$2,678,287$3,503,655▲ $825,368
Total Net Assets Fund Balance$2,678,287$3,503,655▲ $825,368
Total Liabilities and Net Assets / Fund Balance$3,331,242$4,187,347▲ $856,105

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$187,120$432,620$619,740
Other Land Buildings$14,192$83,271$97,463
Leasehold Improvements$8,127$123$8,250
Compensation and Service Providers
Top Officer Pay59th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Brian FerreiraPrincipalFT$132,602$6,720$139,322
Christina CotterAcademic DirectorFT$118,056$10,120$128,176
Thomas AnthonyAcademic DirectorFT$117,469$7,607$125,076

Board Members and Trustees

NameTitle
Graeme DaykinBoard Chair
Hank MannixVice Chair and Treasurer
Angelica ThomasTrustee
Beth CohenTrustee
Kim CarnegieTrustee
Morty BallenTrustee
Peter WalkerTrustee
Stephen CookTrustee
Tim TaylorTrustee

Highest Paid Contractors

ContractorServicesLocationCompensation
Explore Schools INCManagement20 JAY STREET SUITE 504, Brooklyn, NY 11201$719,807
Revenue and Support

Revenue Composition

Contributions and Grants
$451,752
Program Service Revenue
$7,295,473
Investment Income
$0
Other Revenue
$183
All Other Contributions
$88,080
Change in Net Assets
$825,368

Audited Revenue Reconciliation

Revenue per Audited Statements
$7,673,986
Revenue Not Reported on Financial Statements
$73,422
Revenue Not Reported on Form 990
$0
Other Revenue Adjustments
$73,422
Total Revenue per Audited Statements
$7,673,986
Total Revenue per Form 990
$7,747,408
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$4,782,835
Other Expenses$2,114,026
Grants and Similar Amounts Paid$25,179
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$3,129,224$440,849-$3,570,073
Fees for Services Management$503,661$264,252-$767,913
Other Employee Benefits$435,604$61,368-$496,972
Fees for Services Other$376,978$15,789-$392,767
Current Officers, Directors, Trustees, and Key Employees$324,270$45,682-$369,952
Payroll Taxes$277,140$39,044-$316,184
Office Expenses$226,559$69,087-$295,646
Depreciation Depletion$126,873$14,862-$141,735
Conferences and Meetings$52,000$17,463-$69,463
Advertising$16,000$30,850-$46,850
Insurance$34,877$6,155-$41,032
Pension Plan Contributions$25,992$3,662-$29,654
All Other Expenses$21,640$4,470-$26,110
Grants to Domestic Individuals$25,179--$25,179
Fees for Services Accounting-$18,250-$18,250
Other Expenses$15,968$4,367-$4,367
Total Functional Expenses$5,885,890$1,036,150$0$6,922,040

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$6,922,040
Expenses per Audited Statements$6,848,618
Total Expenses per Audited Statements$6,848,618
Expenses Not Reported on Financial Statements$73,422
Other Expense Adjustments$73,422
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$5,178
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

Filer Name
Explore Empower Charter School
EIN
26-4411431
Phone
3476613543
Address
188 ROCHESTER AVENUE, BROOKLYN, NY 11213

Signing Officer

Name
Graeme Daykin
Title
Board Chair
Phone
3476613543
Signed
2016-02-09
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Graeme Daykin
Formed
2008
Legal Domicile
Ny
Voting Board Members
9
Independent Board Members
9
Employees
99
Volunteers
10

Preparer

Firm
Fruchter Rosen & Company Pc
Address
156 WEST 56TH STREET SUITE 1804, NEW YORK, NY 10019
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, 2015. 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.”

PART XI, LINE 4B - OTHER ADJUSTMENTS:

“Certain grants received were applied against expenses for financial statement purposes. 73,422.”

PART XII, LINE 4B - OTHER ADJUSTMENTS:

“Certain grants received were applied against expenses for financial statement purposes. 73,422.”

Raw XML AppendixShowing 400 of 543 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/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0THE 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.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt02678287
IRS990/NetAssetsOrFundBalancesEOYAmt03503655
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt069087
IRS990/OfficeExpensesGrp/ProgramServicesAmt0226559
IRS990/OfficeExpensesGrp/TotalAmt0295646
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt070202
IRS990/OtherAssetsTotalGrp/EOYAmt070230
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt061368
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0435604
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0496972
IRS990/OtherExpensesGrp/Desc0CURRICULUM AND CLASSROO
IRS990/OtherExpensesGrp/Desc1STUDENT AND FAMILY SERV
IRS990/OtherExpensesGrp/Desc2STUDENT MEALS
IRS990/OtherExpensesGrp/Desc3LOSS ON DISPOSAL
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt04367
IRS990/OtherExpensesGrp/ProgramServicesAmt0228996
IRS990/OtherExpensesGrp/ProgramServicesAmt164929
IRS990/OtherExpensesGrp/ProgramServicesAmt215968
IRS990/OtherExpensesGrp/TotalAmt0228996
IRS990/OtherExpensesGrp/TotalAmt164929
IRS990/OtherExpensesGrp/TotalAmt215968
IRS990/OtherExpensesGrp/TotalAmt34367
IRS990/OtherLiabilitiesGrp/BOYAmt03408
IRS990/OtherLiabilitiesGrp/EOYAmt05178
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0OTHER REVENUE
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt0183
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0183
IRS990/OtherRevenueTotalAmt0183
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0440849
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt03129224
IRS990/OtherSalariesAndWagesGrp/TotalAmt03570073
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt039044
IRS990/PayrollTaxesGrp/ProgramServicesAmt0277140
IRS990/PayrollTaxesGrp/TotalAmt0316184
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt03662
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt025992
IRS990/PensionPlanContributionsGrp/TotalAmt029654
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt079805
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0103292
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt010540
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt012655
IRS990/PrincipalOfficerNm0GRAEME DAYKIN
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/Desc0GOV'T PER-PUPIL REV.
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt07295473
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt07295473
IRS990/ProgSrvcAccomActy2Grp/Desc0FOR THE 2014-2015 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/ExpenseAmt0935301
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt0896194
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0358120
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt010113
IRS990/PYInvestmentIncomeAmt00
IRS990/PYOtherExpensesAmt01662764
IRS990/PYOtherRevenueAmt0159
IRS990/PYProgramServiceRevenueAmt06276873
IRS990/PYRevenuesLessExpensesAmt01142152
IRS990/PYSalariesCompEmpBnftPaidAmt03820123
IRS990/PYTotalExpensesAmt05493000
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt06635152
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0825368
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt06399279
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/BookValueAmt0187120
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0432620
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0619740
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt073422
IRS990ScheduleD/ExpensesSubtotalAmt06848618
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt08127
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0123
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt08250
IRS990ScheduleD/OtherExpensesNotIncludedAmt073422
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt014192
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt083271
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt097463
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt05178
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DUE TO RELATED PARTIES
IRS990ScheduleD/OtherRevenuesNotIncludedAmt073422
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt073422
IRS990ScheduleD/RevenueSubtotalAmt07673986
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/ExplanationTxt1CERTAIN GRANTS RECEIVED WERE APPLIED AGAINST EXPENSES FOR FINANCIAL STATEMENT PURPOSES. 73,422.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2CERTAIN GRANTS RECEIVED WERE APPLIED AGAINST EXPENSES FOR FINANCIAL STATEMENT PURPOSES. 73,422.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART XI, LINE 4B - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2PART XII, LINE 4B - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0209439
IRS990ScheduleD/TotalExpensesPerForm990Amt06922040
IRS990ScheduleD/TotalLiabilityAmt05178
IRS990ScheduleD/TotalRevenuePerForm990Amt07747408
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt07673986
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt06848618
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/CashGrantAmt025179
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0STAFF SCHOLARSHIPS
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/NonCashAssistanceAmt00
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/NonCashAssistanceDesc0N/A
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt010
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 FINANCE/HUMAN RESOURCES 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.

Document Assets

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Filings

Displayed year

2015 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$4,187,347
Liabilities
$683,692
Net assets
$3,503,655
Revenue
$7,747,408
Expenses
$6,922,040
Net income
$825,368
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
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