Civic Intelligence

Explore Academy Las Vegas

990 • Fiscal year 2024 • EIN 83-2977509

Jul 01, 2023 to Jun 30, 2024 • Filed on May 14, 2025

3551 Ferrell StNorth Las Vegas, NV 89032

(702) 483-6332

Siviq Scores

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

Liabilities / Assets

95th percentile

1.04x

Higher debt load relative to assets than 95% of similar nonprofits.

2024 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2024

Liabilities / Revenue

96th percentile

7.48x

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

2024 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2024

Net Margin

59th percentile

7.8%

Higher net margin than 59% of similar nonprofits.

2024 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2024

Top Officer Pay

15th percentile

$120,619

Higher top officer pay than 15% of similar nonprofits.

Top officer pay equals 3.3% of source-year revenue.

2024 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2024

Asset Growth

97th percentile

99%

Faster asset growth than 97% of similar nonprofits.

2024 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2023 to 2024

Revenue Growth

83rd percentile

41%

Faster revenue growth than 83% of similar nonprofits.

2024 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2023 to 2024

Assets

Up

$25,994,420

Up $12,960,996 (+99%) from 2023

Net Assets

Up

-$962,092

Up $279,312 (+22%) from 2023

Liabilities

Up

$26,956,512

Up $12,681,684 (+89%) from 2023

Revenue

Up

$3,602,512

Up $1,056,202 (+41%) from 2023

Expenses

Down

$3,323,200

Down $413,135 (-11%) from 2023

Net Income

Up

$279,312

Up $1,469,337 (+123%) from 2023

Historical Trend

Balance Sheet Trend

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

$30M$20M$10M$0-$10MAssets 2022: $1,550,695Liabilities 2022: $1,602,074Net Assets 2022: -$51,3792022Assets 2023: $13,033,424Liabilities 2023: $14,274,828Net Assets 2023: -$1,241,4042023Assets 2024: $25,994,420Liabilities 2024: $26,956,512Net Assets 2024: -$962,0922024Assets 2025: $25,118,931Liabilities 2025: $27,673,885Net Assets 2025: -$2,554,9542025

Highlighted filing

2024

Assets$25,994,420
Liabilities$26,956,512
Net Assets-$962,092

Operations Trend

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

$6.0M$4.0M$2.0M$0-$2.0MRevenue 2022: $1,624,930Expenses 2022: $2,191,406Net Income 2022: -$566,4762022Revenue 2023: $2,546,310Expenses 2023: $3,736,335Net Income 2023: -$1,190,0252023Revenue 2024: $3,602,512Expenses 2024: $3,323,200Net Income 2024: $279,3122024Revenue 2025: $3,980,478Expenses 2025: $5,573,340Net Income 2025: -$1,592,8622025

Highlighted filing

2024

Revenue$3,602,512
Expenses$3,323,200
Net Income$279,312
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
May 14, 2025
Return Version
2023v6.0
Gross Receipts
$3,602,512
Mission and Program Overview

Mission

Explore academy will provide each student with a personalized educational experience through the power of student choice, allowing each student to create a unique educational pathway in preparation for a college future.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$10,899,797$23,559,610▲ $12,659,813
Prepaid Expenses and Deferred Charges$1,850,117$2,162,757▲ $312,640
Accounts Receivable$267,876$240,511▼ $27,365
Cash and Non-Interest-Bearing Accounts$15,634$31,542▲ $15,908
Total Assets$13,033,424$25,994,420▲ $12,960,996
Liabilities
Unsecured Notes Loans Payable$11,776,899$23,522,092▲ $11,745,193
Other Liabilities$2,004,740$2,815,410▲ $810,670
Accounts Payable and Accrued Expenses$493,189$619,010▲ $125,821
Total Liabilities$14,274,828$26,956,512▲ $12,681,684
Net Assets / Fund Balance
Net Assets With Donor Restrictions-$514,128-
Net Assets Without Donor Restrictions$-1,241,404$-1,476,220▼ $234,816
Total Net Assets Fund Balance$-1,241,404$-962,092▲ $279,312
Total Liabilities and Net Assets / Fund Balance$13,033,424$25,994,420▲ $12,960,996

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$23,326,429$235,621$23,562,050
Equipment$199,929$53,693$253,622
Other Land Buildings$33,252-$33,252
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Alexandria TaylorPrincipalFT$97,749$22,870$120,619

Board Members and Trustees

NameTitle
Abraham GomezPresident
Angela LizadaVice President
Sabrina FriendsMember
Sarah TaylorMember
Shanice StevensSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$3,349,400
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$253,112
All Other Contributions
$71,989
Change in Net Assets
$279,312

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,602,512
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$3,602,512
Total Revenue per Form 990
$3,602,512
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$2,321,053
Salaries, Compensation, and Employee Benefits$1,002,147
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Comp Disqual Persons$904,398--$904,398
Occupancy-$312,063-$312,063
Depreciation Depletion-$252,527-$252,527
Other Expenses$212,506--$212,506
Interest-$193,731-$193,731
Current Officers, Directors, Trustees, and Key Employees$97,749--$97,749
Total Functional Expenses$2,564,879$758,321$0$3,323,200

Audited Expense Reconciliation

Line ItemAmount
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Expenses per Audited Statements$0
Total Expenses per Audited Statements$0
Total Expenses per 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
Net Pension Liability$2,789,302
Deferred Inflows - Pension$26,108
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
Yes
Other officer compensation reviewed
Yes
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 A, Line 8B

The organization does not have a committee with authority to act on behalf of the board.

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

The form 990 is prepared by the organization's outside public accounting firm based on information provided by management. Once a draft of the return is available, it is reviewed by management with any changes or revisions incorporated into the filing. The revised return is then provided to the baord of directors prior to submitting to the irs.

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

All contracts, agreements, and procurements are done according to the level of approval. Each layer of approval requires that the school administrator and business manager review in compliance with the policy. All large contracts and agreements that are subject to governing board approval are reviewed and evaluated by the board for compliance of the policy.

Form 990, Part VI, Section B, Line 15

All contracts and consideration of head officials are completed with a review of function and capacity of potential officers and an evaluation of local and state data to consider a reasonable and fair practice of engagement. The process described here was last completed in 2023. The process described here was last completed in 2024.

Form 990, Part VI, Section C, Line 19

The organization makes its governing documents, conflict of interest policy and financial statements available to the public on the website.

Filing and Contact Details

Filer

Filer Name
Explore Academy Las Vegas
EIN
83-2977509
Phone
7024836332
Address
3551 FERRELL ST, NORTH LAS VEGAS, NV 89032

Signing Officer

Name
Alexandria Taylor
Title
Principal
Phone
7024836332
Signed
2025-05-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Alexandria Taylor
Formed
2020
Legal Domicile
Nv
Voting Board Members
5
Independent Board Members
5
Employees
38
Volunteers
10

Preparer

Firm
Cliftonlarsonallen Llp
Address
2210 EAST ROUTE 66, GLENDORA, CA 91740
Preparer
Derrick Debruyne
Phone
6268577300
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

The explore academy educational model is based on principles of strong core education and college readiness through the philosophy of academic choice. Their educational framework promotes student growth and responsibility while providing an individualized educational path for each student. They currently serve 260 students during 192 instructional days. The explore academy educational model is based on principles of strong core education and college readiness through the philosophy of academic choice. Their educational framework promotes student growth and responsibility while providing an individualized educational path for each student. They currently serve 267 students during 192 instructional days.

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IRS990ScheduleE/MaintainCpyOfAllSolInd01
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd01
IRS990ScheduleE/MaintainRacialCompRecsInd01
IRS990ScheduleE/MaintainScholarshipsRecsInd01
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd01
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd01
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd01
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION'S RACIALLY NONDISCRIMINATORY POLICY IS AVAILABLE ON THE SCHOOL WEBSITE.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1AS A TUITION FREE PUBLIC CHARTER SCHOOL, NO FINANCIAL ASSISTANCE IS PROVIDED.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt2THE SCHOOL RECEIVES GOVERNMENT FUNDING BASED ON AVERAGE DAILY ENROLLMENT THROUGH THE STATE OF NEVADA.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, PART I, LINE 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE E, PART I, LINE 4
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc2SCHEDULE E, PART I, LINE 6
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION DOES NOT HAVE A COMMITTEE WITH AUTHORITY TO ACT ON BEHALF OF THE BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE FORM 990 IS PREPARED BY THE ORGANIZATION'S OUTSIDE PUBLIC ACCOUNTING FIRM BASED ON INFORMATION PROVIDED BY MANAGEMENT. ONCE A DRAFT OF THE RETURN IS AVAILABLE, IT IS REVIEWED BY MANAGEMENT WITH ANY CHANGES OR REVISIONS INCORPORATED INTO THE FILING. THE REVISED RETURN IS THEN PROVIDED TO THE BAORD OF DIRECTORS PRIOR TO SUBMITTING TO THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ALL CONTRACTS, AGREEMENTS, AND PROCUREMENTS ARE DONE ACCORDING TO THE LEVEL OF APPROVAL. EACH LAYER OF APPROVAL REQUIRES THAT THE SCHOOL ADMINISTRATOR AND BUSINESS MANAGER REVIEW IN COMPLIANCE WITH THE POLICY. ALL LARGE CONTRACTS AND AGREEMENTS THAT ARE SUBJECT TO GOVERNING BOARD APPROVAL ARE REVIEWED AND EVALUATED BY THE BOARD FOR COMPLIANCE OF THE POLICY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ALL CONTRACTS AND CONSIDERATION OF HEAD OFFICIALS ARE COMPLETED WITH A REVIEW OF FUNCTION AND CAPACITY OF POTENTIAL OFFICERS AND AN EVALUATION OF LOCAL AND STATE DATA TO CONSIDER A REASONABLE AND FAIR PRACTICE OF ENGAGEMENT. THE PROCESS DESCRIBED HERE WAS LAST COMPLETED IN 2023. THE PROCESS DESCRIBED HERE WAS LAST COMPLETED IN 2024.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC ON THE WEBSITE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE EXPLORE ACADEMY EDUCATIONAL MODEL IS BASED ON PRINCIPLES OF STRONG CORE EDUCATION AND COLLEGE READINESS THROUGH THE PHILOSOPHY OF ACADEMIC CHOICE. THEIR EDUCATIONAL FRAMEWORK PROMOTES STUDENT GROWTH AND RESPONSIBILITY WHILE PROVIDING AN INDIVIDUALIZED EDUCATIONAL PATH FOR EACH STUDENT. THEY CURRENTLY SERVE 260 STUDENTS DURING 192 INSTRUCTIONAL DAYS. THE EXPLORE ACADEMY EDUCATIONAL MODEL IS BASED ON PRINCIPLES OF STRONG CORE EDUCATION AND COLLEGE READINESS THROUGH THE PHILOSOPHY OF ACADEMIC CHOICE. THEIR EDUCATIONAL FRAMEWORK PROMOTES STUDENT GROWTH AND RESPONSIBILITY WHILE PROVIDING AN INDIVIDUALIZED EDUCATIONAL PATH FOR EACH STUDENT. THEY CURRENTLY SERVE 267 STUDENTS DURING 192 INSTRUCTIONAL DAYS.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 8B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART XII, LINE 2C:
IRS990ScheduleR/IdDisregardedEntitiesGrp/DirectControllingEntityName/BusinessNameLine1Txt0EXPLORE ACADEMY LAS VEGAS
IRS990ScheduleR/IdDisregardedEntitiesGrp/DisregardedEntityName/BusinessNameLine1Txt0EXPLORE FACILITIES GROUP - LAS VEGAS LLC
IRS990ScheduleR/IdDisregardedEntitiesGrp/EIN0832977509
IRS990ScheduleR/IdDisregardedEntitiesGrp/LegalDomicileStateCd0NV
IRS990ScheduleR/IdDisregardedEntitiesGrp/PrimaryActivitiesTxt0FACILITIES
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/AddressLine1Txt03551 N FERRELL STREET
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/CityNm0LAS VEGAS
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/StateAbbreviationCd0NV
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/ZIPCd089032
IRS990/SchoolOperatingInd01
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0NV
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt013033424
IRS990/TotalAssetsEOYAmt025994420
IRS990/TotalAssetsGrp/BOYAmt013033424
IRS990/TotalAssetsGrp/EOYAmt025994420
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt03349400
IRS990/TotalEmployeeCnt038
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0758321
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt02564879
IRS990/TotalFunctionalExpensesGrp/TotalAmt03323200
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt014274828
IRS990/TotalLiabilitiesEOYAmt026956512
IRS990/TotalLiabilitiesGrp/BOYAmt014274828
IRS990/TotalLiabilitiesGrp/EOYAmt026956512
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-1241404
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-962092
IRS990/TotalOtherCompensationAmt022870
IRS990/TotalProgramServiceExpensesAmt02564879
IRS990/TotalReportableCompFromOrgAmt097749
IRS990/TotalRevenueGrp/ExclusionAmt0253112
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt03602512
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt010
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt013033424
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt025994420
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnsecuredNotesLoansPayableGrp/BOYAmt011776899
IRS990/UnsecuredNotesLoansPayableGrp/EOYAmt023522092
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt03551 FERRELL ST
IRS990/USAddress/CityNm0NORTH LAS VEGAS
IRS990/USAddress/StateAbbreviationCd0NV
IRS990/USAddress/ZIPCd089032
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0HTTPS://WWW.EXPLORE.ACADEMY/LVS
IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0ALEXANDRIA TAYLOR
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRINCIPAL
ReturnHeader/BusinessOfficerGrp/PhoneNum07024836332
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-05-14
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0EXPLORE ACADEMY LAS VEGAS
ReturnHeader/Filer/BusinessNameControlTxt0EXPL
ReturnHeader/Filer/EIN0832977509
ReturnHeader/Filer/PhoneNum07024836332
ReturnHeader/Filer/USAddress/AddressLine1Txt03551 FERRELL ST
ReturnHeader/Filer/USAddress/CityNm0NORTH LAS VEGAS
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NV
ReturnHeader/Filer/USAddress/ZIPCd089032
ReturnHeader/IRSResponsiblePrtyInfoCurrInd00
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0410746749
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0CLIFTONLARSONALLEN LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt02210 EAST ROUTE 66
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0GLENDORA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0CA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd091740
ReturnHeader/PreparerPersonGrp/PhoneNum06268577300
ReturnHeader/PreparerPersonGrp/PreparationDt02025-05-12
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0DERRICK DEBRUYNE
ReturnHeader/ReturnTs02025-05-15T15:22:53-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02023-07-01
ReturnHeader/TaxPeriodEndDt02024-06-30
ReturnHeader/TaxYr02023

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