Explorations Inc
- Assets
- $1.6m
- Revenue
- $1.5m
- Investments
- $0.0
- Employees
- 24
- Location
- Winsted, CT
- Founding
- 02/1998
- Data as of
- 06/2022
- EIN
- 06-1483283
Organization Overview
Explorations Inc is located in Winsted, CT. The organization was established in 1998. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. As of 06/2022, Explorations Inc employed 24 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Explorations Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, Explorations Inc generated $1.5m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.2%) each year. All expenses for the organization totaled $1.7m during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
OPERATE AS A CHARTER SCHOOL AND PROVIDE AN INTERACTIVE LEARNING ENVIRONMENT
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE PROGRAMS WILL EMPHASIZE ACTIVITIES WHICH FOSTER THE ACCEPTANCE OF RESPONSIBILITY, DEVELOPMENT OF POSITIVE DECISION MAKING AND PROBLEM SOLVING SKILLS, AND ENCOURAGE STUDENTS TO DEVELOP A HEALTHIER ATTITUDE TOWARDS THEIR SCHOOL, COMMUNITY, WORK, FAMILY AND THEMSELVES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jill E Johnson Executive Dir. | Officer | 40 | $109,432 |
Melony Brady-Shanley Director | Trustee | 1 | $0 |
Hilary Paden Director | Trustee | 1 | $0 |
Ginni Block Chairperson | OfficerTrustee | 2 | $0 |
Lori Noto Director | Trustee | 1 | $0 |
Robert Peterson Treasurer | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,202,783 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,903 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,204,686 |
| Total Program Service Revenue | $288,363 |
| Investment income | $2 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$1,829 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,504,125 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $110,854 |
| Compensation of current officers, directors, key employees. | $11,084 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $963,914 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $120,186 |
| Payroll taxes | $38,971 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $25,800 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $26,567 |
| Advertising and promotion | $616 |
| Office expenses | $28,076 |
| Information technology | $29,865 |
| Royalties | $0 |
| Occupancy | $40,908 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $2,014 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $76,839 |
| Insurance | $28,011 |
| All other expenses | $65,557 |
| Total functional expenses | $1,733,589 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $32,467 |
| Savings and temporary cash investments | $3,705 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $29,876 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $17,156 |
| Net Land, buildings, and equipment | $1,507,772 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,852 |
| Total assets | $1,592,828 |
| Accounts payable and accrued expenses | $54,211 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $145,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $3,384 |
| Total liabilities | $202,595 |
| Net assets without donor restrictions | $1,387,166 |
| Net assets with donor restrictions | $3,067 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,592,828 |