Civic Intelligence

Explore Academy Foundation

EIN 47-1720796 • 501(c)3 • Albuquerque, NM

Profile

To support the mission and activities of explore academy charter school, a new mexico governmental authorized charter school.

5100 Masthead St NEAlbuquerque, NM 87109

www.explore.academy/ABQ

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

96th percentile

1.13x

Higher debt load relative to assets than 96% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Source year 2023

Liabilities / Revenue

98th percentile

15.29x

Higher debt load relative to revenue than 98% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Source year 2023

Net Margin

12th percentile

-18%

Higher net margin than 12% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Source year 2023

Top Officer Pay

22nd percentile

$144,142

Higher top officer pay than 22% of similar nonprofits.

Top officer pay equals 7.7% of source-year revenue.

501(c)3 • $25M-$50M nonprofits • Source year 2022

Asset Growth

26th percentile

-0.9%

Faster asset growth than 26% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Annualized from 2022 to 2023

Revenue Growth

83rd percentile

37%

Faster revenue growth than 83% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets96th percentile

Assets

Down

$34,428,362

Down $306,456 (-0.9%) from 2022

Liabilities

Up

$39,044,800

Up $165,522 (+0.4%) from 2022

Net Assets

Down

-$4,616,438

Down $471,978 (-11%) from 2022

Operations
Liabilities / Revenue98th percentileNet Margin12th percentile

Revenue

Up

$2,554,020

Up $686,527 (+37%) from 2022

Expenses

Down

$3,025,998

Down $221,067 (-6.8%) from 2022

Net Income

Up

-$471,978

Up $907,594 (+66%) from 2022

Trend Graphs

Balance Sheet Trend

Asset Growth26th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$40M$20M$0-$20MAssets 2018: $8,635,279Liabilities 2018: $9,672,101Net Assets 2018: -$1,036,8222018Assets 2019: $8,483,284Liabilities 2019: $9,834,456Net Assets 2019: -$1,351,1722019Assets 2020: $21,756,662Liabilities 2020: $23,696,456Net Assets 2020: -$1,939,7942020Assets 2021: $21,307,061Liabilities 2021: $24,071,949Net Assets 2021: -$2,764,8882021Assets 2022: $34,734,818Liabilities 2022: $38,879,278Net Assets 2022: -$4,144,4602022Assets 2023: $34,428,362Liabilities 2023: $39,044,800Net Assets 2023: -$4,616,4382023

Highlighted filing

2023

Assets$34,428,362
Liabilities$39,044,800
Net Assets-$4,616,438
Open 2023 Filing

Operations Trend

Revenue Growth83rd percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$4.0M$2.0M$0-$2.0MRevenue 2018: $0Expenses 2018: $1,036,822Net Income 2018: -$1,036,8222018Revenue 2019: $416,683Expenses 2019: $731,033Net Income 2019: -$314,3502019Revenue 2020: $827,299Expenses 2020: $1,415,921Net Income 2020: -$588,6222020Revenue 2021: $1,181,763Expenses 2021: $2,006,857Net Income 2021: -$825,0942021Revenue 2022: $1,867,493Expenses 2022: $3,247,065Net Income 2022: -$1,379,5722022Revenue 2023: $2,554,020Expenses 2023: $3,025,998Net Income 2023: -$471,9782023

Highlighted filing

2023

Revenue$2,554,020
Expenses$3,025,998
Net Income-$471,978
Open 2023 Filing

Filings

Most recent year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$34,428,362
Liabilities
$39,044,800
Net assets
-$4,616,438
Revenue
$2,554,020
Expenses
$3,025,998
Net income
-$471,978
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Detailed filing. Detailed filing data is available for this year.$34.4$39.0$4.62$2.55$3.03$0.47
2022Detailed filing. Detailed filing data is available for this year.$34.7$38.9$4.14$1.87$3.25$1.38
2021Detailed filing. Detailed filing data is available for this year.$21.3$24.1$2.76$1.18$2.01$0.83
2020Detailed filing. Detailed filing data is available for this year.$21.8$23.7$1.94$0.83$1.42$0.59
2019Detailed filing. Detailed filing data is available for this year.$8.48$9.83$1.35$0.42$0.73$0.31
2018Detailed filing. Detailed filing data is available for this year.$8.64$9.67$1.04$0.00$1.04$1.04
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2022 to Jun 30, 2023
Signed
May 10, 2024
Return Version
2022v5.0
Gross Receipts
$2,554,020
Mission and Program Overview

Mission

To support the mission and activities of explore academy charter school, a new mexico governmental authorized charter school.

SEE SCHEDULE O.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$19,366,419$22,693,318▲ $3,326,899
Savings and Temporary Cash Investments$15,363,958$11,553,579▼ $3,810,379
Accounts Receivable-$177,024-
Cash and Non-Interest-Bearing Accounts$4,441$4,441→ $0
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Rtn Earn Endowment Incm Other Fnds$-4,144,460$-4,616,438▼ $471,978
Total Assets$34,734,818$34,428,362▼ $306,456
Liabilities
Tax Exempt Bond Liabilities$36,640,000$36,640,000→ $0
Mortgage Notes Payable Secured by Investment Property$1,350,000$1,025,000▼ $325,000
Other Liabilities$593,703$964,813▲ $371,110
Accounts Payable and Accrued Expenses$295,575$414,987▲ $119,412
Total Liabilities$38,879,278$39,044,800▲ $165,522
Net Assets / Fund Balance
Total Net Assets Fund Balance$-4,144,460$-4,616,438▼ $471,978
Total Liabilities and Net Assets / Fund Balance$34,734,818$34,428,362▼ $306,456

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$12,380,062$1,483,630$13,863,692
Other Land Buildings$5,169,477-$5,169,477
Land$5,143,779-$5,143,779
Compensation and Service Providers
Top Officer Pay22nd percentile

Board Members and Trustees

NameTitle
Justin BaiardoPresident/chair
Melanie AvgerakisSecretary
Daniele KneeTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$2,114,688
Investment Income
$439,332
Other Revenue
$0
Change in Net Assets
$-471,978
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$3,025,998
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Interest$2,558,541--$2,558,541
Depreciation Depletion$462,123--$462,123
Other Expenses$5,334--$5,334
Total Functional Expenses$3,025,998$0$0$3,025,998
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
Accrued Interest$964,813

Bond Issues

BondIssuerIssuedIssue PricePurpose
CPublic Finanance Authority2022-03-31$14,090,000Educational facility revenue bonds (explore academy project) series 2022a
BPublic Finance Authority2020-06-18$13,515,000Educational facility revenue bonds (explore academy project) series 2020a
APublic Finance Authority2018-05-10$9,035,000Educational facility revenue bonds (explore academy project) series 2018a

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
C$14,090,000--$280,284
B$13,515,000$1,296,916-$270,299
A$9,035,000$150,000-$179,423

Bond Financing Compliance

No rebate due
Yes
Rebate not yet due
No
Form 8038-T filed
No
Gross proceeds invested
No
Gross proceeds invested in GIC
No
Exception to rebate
No
Corrective action procedures
Yes
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Audit committee
No
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
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 8B

“The organization does not have any committees with the authority to act on behalf of the governing body.”

Form 990, Part VI, Section B, Line 11B

“The president/board chair reviews the form 990 prior to filing as does the foundation's legal counsel. Once these reviews are completed, the other board members receive a complete copy of the form 990 prior to filing.”

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

“All members are required to disclose any conflicts they might have during board meetings. Disclosed conflicts are then subjected to the procedures for addressing conflicts of interest as contained in the foundation's conflict of interest policy.”

Form 990, Part VI, Section C, Line 19

“The foundation is considered a component unit of the governmental charter school and is included in the consolidated financial statements of the nm public education department. As such, the financial statements are available to the public. In addition, the organization makes its governing documents and conflict of interest policy available upon request.”

Filing and Contact Details

Filer

Filer Name
Explore Academy Foundation
EIN
47-1720796
Phone
5053055300
Address
5100 MASTHEAD ST NE, ALBUQUERQUE, NM 87109

Signing Officer

Name
Justin Baiardo
Title
President
Phone
5053055300
Signed
2024-05-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Justin Baiardo
Formed
2014
Legal Domicile
Nm
Voting Board Members
3
Independent Board Members
0
Employees
0
Volunteers
2

Preparer

Firm
Cliftonlarsonallen Llp
Address
6501 AMERICAS PARKWAY NE SUITE 500, ALBUQUERQUE, NM 87110
Preparer
Stephen Livingston
Phone
5058428290
Supplemental Narrative

Additional Explanations

Form 990, Part I, Line 1

“Provide facilities and other support to explore academy charter school, a new mexico governmental authorized charter school.”

Raw XML AppendixShowing 400 of 522 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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IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0THE SUPPORTED ORGANIZATION, EXPLORE ACADEMY CHARTER SCHOOL, IS A NEW MEXICO PUBLIC SCHOOL UNDER THE NM CHARTER SCHOOL ACT AND, AS SUCH, IS A GOVERNMENTAL AGENCY NOT REQUIRED TO OBTAIN AN IRS DETERMINATION LETTER REGARDING ITS SEC. 501(C)(3) STATUS.
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IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt0121920
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt011246
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt023929
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0JUSTIN BAIARDO
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0PRESIDENT/CHAIR
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt0157095
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalInformationDetail/ExplanationTxt0THE EMPLOYEE REPORTED IN SCH J IS EMPLOYED BY THE SUPPORTED ORGANIZATION AS DESCRIBED IN SCH A. THE SUPPORTED ORGANIZATION IS A STATE CHARTERED SCHOOL UNDER THE NM CHARTER SCHOOL ACT AND, AS SUCH, IS A NM GOVERNMENTAL AGENCY THAT IS REQUIRED TO COMPLY WITH THE REQUIREMENTS OF THE NM PERSONEL ACT AS IT RELATES TO COMPENSATION ARRANGEMENTS.
IRS990ScheduleJ/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 3
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990ScheduleK/ProceduresCorrectiveActionGrp/BondReferenceCd0A
IRS990ScheduleK/ProceduresCorrectiveActionGrp/BondReferenceCd1B
IRS990ScheduleK/ProceduresCorrectiveActionGrp/BondReferenceCd2C
IRS990ScheduleK/ProceduresCorrectiveActionGrp/ProceduresCorrectiveActionInd01
IRS990ScheduleK/ProceduresCorrectiveActionGrp/ProceduresCorrectiveActionInd11
IRS990ScheduleK/ProceduresCorrectiveActionGrp/ProceduresCorrectiveActionInd21
IRS990ScheduleK/SupplementalInformationDetail/ExplanationTxt0ISSUER NAME: PUBLIC FINANCE AUTHORITY DATE THE REBATE COMPUTATION WAS PERFORMED: 02/01/2023
IRS990ScheduleK/SupplementalInformationDetail/FormAndLineReferenceDesc0DATE REBATE COMPUTATION PERFORMED
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/BondReferenceCd0A
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IRS990ScheduleK/TaxExemptBondsArbitrageGrp/ExceptionToRebateInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/ExceptionToRebateInd10
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/ExceptionToRebateInd20
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/Form8038TFiledInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/Form8038TFiledInd10
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/Form8038TFiledInd20
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/GrossProceedsInvestedInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/GrossProceedsInvestedInd10
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/GrossProceedsInvestedInd20
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/GrossProceedsInvestedInGICInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/GrossProceedsInvestedInGICInd10
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/GrossProceedsInvestedInGICInd20
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/HedgeIdentifiedInBksAndRecInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/HedgeIdentifiedInBksAndRecInd10
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/HedgeIdentifiedInBksAndRecInd20
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/NoRebateDueInd01
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/NoRebateDueInd10
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/NoRebateDueInd20
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/RebateNotDueYetInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/RebateNotDueYetInd11
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/RebateNotDueYetInd21
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/VariableRateIssueInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/VariableRateIssueInd10
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/VariableRateIssueInd20
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/WrittenProcToMonitorReqsInd01
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/WrittenProcToMonitorReqsInd11
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/WrittenProcToMonitorReqsInd21
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondIssuedDt02018-05-10
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondIssuedDt12020-06-18
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondIssuedDt22022-03-31
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondIssuerEIN0273866124
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondIssuerEIN1273866124
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondIssuerEIN2273866124
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondReferenceCd0A
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondReferenceCd1B
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondReferenceCd2C
IRS990ScheduleK/TaxExemptBondsIssuesGrp/CUSIPNum074443DCL3
IRS990ScheduleK/TaxExemptBondsIssuesGrp/CUSIPNum174443DFS5
IRS990ScheduleK/TaxExemptBondsIssuesGrp/CUSIPNum274443DHC8
IRS990ScheduleK/TaxExemptBondsIssuesGrp/DefeasedInd00
IRS990ScheduleK/TaxExemptBondsIssuesGrp/DefeasedInd10
IRS990ScheduleK/TaxExemptBondsIssuesGrp/DefeasedInd20
IRS990ScheduleK/TaxExemptBondsIssuesGrp/IssuePriceAmt09035000
IRS990ScheduleK/TaxExemptBondsIssuesGrp/IssuePriceAmt113515000
IRS990ScheduleK/TaxExemptBondsIssuesGrp/IssuePriceAmt214090000
IRS990ScheduleK/TaxExemptBondsIssuesGrp/IssuerName/BusinessNameLine1Txt0PUBLIC FINANCE AUTHORITY
IRS990ScheduleK/TaxExemptBondsIssuesGrp/IssuerName/BusinessNameLine1Txt1PUBLIC FINANCE AUTHORITY
IRS990ScheduleK/TaxExemptBondsIssuesGrp/IssuerName/BusinessNameLine1Txt2PUBLIC FINANANCE AUTHORITY
IRS990ScheduleK/TaxExemptBondsIssuesGrp/OnBehalfOfIssuerInd00
IRS990ScheduleK/TaxExemptBondsIssuesGrp/OnBehalfOfIssuerInd10
IRS990ScheduleK/TaxExemptBondsIssuesGrp/OnBehalfOfIssuerInd20
IRS990ScheduleK/TaxExemptBondsIssuesGrp/PoolFinancingInd00
IRS990ScheduleK/TaxExemptBondsIssuesGrp/PoolFinancingInd10
IRS990ScheduleK/TaxExemptBondsIssuesGrp/PoolFinancingInd20
IRS990ScheduleK/TaxExemptBondsIssuesGrp/PurposeDesc0EDUCATIONAL FACILITY REVENUE BONDS (EXPLORE ACADEMY PROJECT) SERIES 2018A
IRS990ScheduleK/TaxExemptBondsIssuesGrp/PurposeDesc1EDUCATIONAL FACILITY REVENUE BONDS (EXPLORE ACADEMY PROJECT) SERIES 2020A
IRS990ScheduleK/TaxExemptBondsIssuesGrp/PurposeDesc2EDUCATIONAL FACILITY REVENUE BONDS (EXPLORE ACADEMY PROJECT) SERIES 2022A
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/AnyLeaseArrangementsInd00
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/AnyLeaseArrangementsInd10
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/AnyLeaseArrangementsInd20
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/AnyResearchAgreementsInd00
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/AnyResearchAgreementsInd10
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/AnyResearchAgreementsInd20
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/BondIssMeetPrvtSecPymtTestInd00
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/BondIssMeetPrvtSecPymtTestInd10
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/BondIssMeetPrvtSecPymtTestInd20
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/BondReferenceCd0A
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/BondReferenceCd1B
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/BondReferenceCd2C
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/ChangeInUseBondFinancedPropInd00
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/ChangeInUseBondFinancedPropInd10
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/ChangeInUseBondFinancedPropInd20
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/MgmtContractBondFincdPropInd00
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/MgmtContractBondFincdPropInd10
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/MgmtContractBondFincdPropInd20
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/OwningBondFinancedPropertyInd00
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/OwningBondFinancedPropertyInd10
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/OwningBondFinancedPropertyInd20
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/ProcsNonqualifiedBondRemdtdInd01
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/ProcsNonqualifiedBondRemdtdInd11
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/ProcsNonqualifiedBondRemdtdInd21
IRS990ScheduleK/TaxExemptBondsProceedsGrp/AdequateBooksAndRecMaintInd01
IRS990ScheduleK/TaxExemptBondsProceedsGrp/AdequateBooksAndRecMaintInd11
IRS990ScheduleK/TaxExemptBondsProceedsGrp/AdequateBooksAndRecMaintInd21
IRS990ScheduleK/TaxExemptBondsProceedsGrp/BondReferenceCd0A
IRS990ScheduleK/TaxExemptBondsProceedsGrp/BondReferenceCd1B
IRS990ScheduleK/TaxExemptBondsProceedsGrp/BondReferenceCd2C
IRS990ScheduleK/TaxExemptBondsProceedsGrp/CapitalExpendituresAmt07185499
IRS990ScheduleK/TaxExemptBondsProceedsGrp/CapitalExpendituresAmt111479122
IRS990ScheduleK/TaxExemptBondsProceedsGrp/CapitalExpendituresAmt211410000
IRS990ScheduleK/TaxExemptBondsProceedsGrp/CapitalizedInterestAmt0401210
IRS990ScheduleK/TaxExemptBondsProceedsGrp/CapitalizedInterestAmt1755028
IRS990ScheduleK/TaxExemptBondsProceedsGrp/FinalAllocationMadeInd01
IRS990ScheduleK/TaxExemptBondsProceedsGrp/FinalAllocationMadeInd11
IRS990ScheduleK/TaxExemptBondsProceedsGrp/FinalAllocationMadeInd21
IRS990ScheduleK/TaxExemptBondsProceedsGrp/InReserveFundAmt0667368
IRS990ScheduleK/TaxExemptBondsProceedsGrp/InReserveFundAmt11010551
IRS990ScheduleK/TaxExemptBondsProceedsGrp/InReserveFundAmt21102800
IRS990ScheduleK/TaxExemptBondsProceedsGrp/IssuanceCostsFromProceedsAmt0179423
IRS990ScheduleK/TaxExemptBondsProceedsGrp/IssuanceCostsFromProceedsAmt1270299
IRS990ScheduleK/TaxExemptBondsProceedsGrp/IssuanceCostsFromProceedsAmt2280284
IRS990ScheduleK/TaxExemptBondsProceedsGrp/OtherSpentProceedsAmt0150000
IRS990ScheduleK/TaxExemptBondsProceedsGrp/OtherSpentProceedsAmt11296916
IRS990ScheduleK/TaxExemptBondsProceedsGrp/RefundingTaxableBondsInd00
IRS990ScheduleK/TaxExemptBondsProceedsGrp/RefundingTaxableBondsInd10
IRS990ScheduleK/TaxExemptBondsProceedsGrp/RefundingTaxableBondsInd20
IRS990ScheduleK/TaxExemptBondsProceedsGrp/RefundingTaxExemptBondsInd00
IRS990ScheduleK/TaxExemptBondsProceedsGrp/RefundingTaxExemptBondsInd10
IRS990ScheduleK/TaxExemptBondsProceedsGrp/RefundingTaxExemptBondsInd20
IRS990ScheduleK/TaxExemptBondsProceedsGrp/SubstantialCompletionYr02018
IRS990ScheduleK/TaxExemptBondsProceedsGrp/SubstantialCompletionYr12020
IRS990ScheduleK/TaxExemptBondsProceedsGrp/SubstantialCompletionYr22022
IRS990ScheduleK/TaxExemptBondsProceedsGrp/TotalProceedsAmt09035000
IRS990ScheduleK/TaxExemptBondsProceedsGrp/TotalProceedsAmt113515000
IRS990ScheduleK/TaxExemptBondsProceedsGrp/TotalProceedsAmt214090000
IRS990ScheduleK/TaxExemptBondsProceedsGrp/WorkingCapitalExpendituresAmt0451500
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0PROVIDE FACILITIES AND OTHER SUPPORT TO EXPLORE ACADEMY CHARTER SCHOOL, A NEW MEXICO GOVERNMENTAL AUTHORIZED CHARTER SCHOOL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION DOES NOT HAVE ANY COMMITTEES WITH THE AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE PRESIDENT/BOARD CHAIR REVIEWS THE FORM 990 PRIOR TO FILING AS DOES THE FOUNDATION'S LEGAL COUNSEL. ONCE THESE REVIEWS ARE COMPLETED, THE OTHER BOARD MEMBERS RECEIVE A COMPLETE COPY OF THE FORM 990 PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ALL MEMBERS ARE REQUIRED TO DISCLOSE ANY CONFLICTS THEY MIGHT HAVE DURING BOARD MEETINGS. DISCLOSED CONFLICTS ARE THEN SUBJECTED TO THE PROCEDURES FOR ADDRESSING CONFLICTS OF INTEREST AS CONTAINED IN THE FOUNDATION'S CONFLICT OF INTEREST POLICY.

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