Explorers Club
- Assets
- $15.5m
- Revenue
- $4.4m
- Investments
- $0.0
- Employees
- 16
- Location
- New York, NY
- Founding
- 11/1935
- Data as of
- 06/2021
- EIN
- 13-1866795
Organization Overview
Explorers Club is located in New York, NY. The organization was established in 1935. According to its NTEE Classification (U03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Science & Technology and related organizations. As of 06/2021, Explorers Club employed 16 individuals. This organization is a parent organization of an affiliated group for tax-exemption purposes. Explorers Club 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 06/2021, Explorers Club generated $4.4m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 10.2% each year . All expenses for the organization totaled $3.8m during the year ending 06/2021. While expenses have increased by 7.4% per year over the past 6 years. They've been increasing with an increasing level of total revenue. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE THE SCIENTIFIC EXPLORATION OF LAND, SEA, AIR AND SPACE BY SUPPORTING RESEARCH AND EDUCATION IN THE PHYSICAL, NATURAL, BIOLOGICAL AND SOCIAL SCIENCES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MEMBERSHIP AND HOUSE - PROGRAMS FOR APPROXIMATELY 3,000 MEMBERS AND OTHER INTERESTED GROUPS SUCH AS STUDENTS INTERESTED IN CLUB PROGRAMS FOR EDUCATIONS AND EXPLORATION.PUBLICATIONS - PUBLICATION OF THE EXPLORERS JOURNAL ON A QUARTERLY BASIS FOR MEMBERS AND OTHERS ON A SUBSCRIPTION BASIS; PUBLICATION OF NEWSLETTERS AND OTHER PERTINENT INFORMATION.LIBRARY - REFERENCE AND RESEARCH SERVICES FOR MEMBERS, SCHOOLS, STUDENTS, AND OTHER INTERESTED PARTIES. THE LIBRARY CONSISTS OF EXTENSIVE INFORMATION ON EXPLORATION AND OTHER SCIENTIFIC FIELDS.PUBLIC SERVICE, EDUCATION, EXPEDITIONS, AND RESEARCH - GRANTS AND EXPEDITIONS TO APPROVED STUDENTS AND OTHERS FOR RESEARCH, EXPLORATION AND RELATED ACTIVITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William J Roseman Executive Director | Officer | 40 | $141,117 |
Valerie Kilbridge Director Of Finance | Officer | 40 | $94,608 |
Richard Garriott President As Of April 2021 | OfficerTrustee | 20 | $0 |
Richard Wiese President To April 2021 | OfficerTrustee | 20 | $0 |
Arnella Trent Secretary | OfficerTrustee | 3 | $0 |
Barbara Doran Treasurer/director | OfficerTrustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $1,062,596 |
| Fundraising events | $142,213 |
| Related organizations | $0 |
| Government grants | $727,991 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,572,545 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,505,345 |
| Total Program Service Revenue | $116,215 |
| Investment income | $41,096 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $249,200 |
| Net Gain/Loss on Asset Sales | $379,388 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $93,602 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,443,470 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $819,360 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $314,429 |
| Compensation of current officers, directors, key employees. | $143,568 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $677,287 |
| Pension plan accruals and contributions | $31,527 |
| Other employee benefits | $216,269 |
| Payroll taxes | $83,912 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $232,886 |
| Fees for services: Accounting | $48,350 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $162,000 |
| Fees for services: Investment Management | $17,100 |
| Fees for services: Other | $156,728 |
| Advertising and promotion | $0 |
| Office expenses | $192,820 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $76,777 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $129,004 |
| Insurance | $170,732 |
| All other expenses | $0 |
| Total functional expenses | $3,785,616 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,079,924 |
| Savings and temporary cash investments | $505,408 |
| Pledges and grants receivable | $2,538,040 |
| Accounts receivable, net | $33,987 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $80,699 |
| Prepaid expenses and deferred charges | $339,433 |
| Net Land, buildings, and equipment | $3,270,481 |
| Investments—publicly traded securities | $7,642,767 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $15,490,739 |
| Accounts payable and accrued expenses | $996,843 |
| Grants payable | $0 |
| Deferred revenue | $454,975 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,451,818 |
| Net assets without donor restrictions | $8,486,206 |
| Net assets with donor restrictions | $5,552,715 |
| 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 | $15,490,739 |
Grants Recieved
Over the last fiscal year, we have identified 12 grants that Explorers Club has recieved totaling $171,720.
| Awarding Organization | Amount |
|---|---|
Mercer Family Foundation Waltham, MA PURPOSE: GENERAL SUPPORT | $100,000 |
Philip Stephenson Foundation Alexandria, VA PURPOSE: GENERAL SUPPORT | $50,000 |
Williams G & Mary Jane Helms Charitable Foundation Cincinnati, OH PURPOSE: PROMOTE CHARITABLE PURPOSE | $7,500 |
Rudolph J Torello Foundation Inc Oakhurst, NJ PURPOSE: GENERAL | $5,000 |
Prufrock Foundation Saint Louis, MO PURPOSE: GENERAL OPERATING FUNDS | $2,500 |
The Yaseen Family Foundation Inc Palm Beach Gardens, FL PURPOSE: TO FURTHER DONEE'S EXEMPT PURPOSE | $2,500 |
Endowment Analysis
| Beg. Balance | $2,617,942 |
| Earnings | $1,660,376 |
| Other Expense | $1,660,376 |
| Ending Balance | $2,617,942 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
New York Academy Of Sciences New York, NY | $16,349,796 | $18,722,535 |
American Meteorological Society Boston, MA | $23,955,564 | $17,020,268 |
Illuminating Engineering Society New York, NY | $18,835,076 | $5,095,869 |
Minerals Metals & Materials Society Inc Pittsburgh, PA | $11,544,301 | $7,904,003 |
Acoustical Society Of America Melville, NY | $27,852,210 | $5,622,240 |
Electrochemical Society Inc Pennington, NJ | $20,353,455 | $3,651,549 |
Explorers Club New York, NY | $15,490,739 | $4,443,470 |
Igem Foundation Inc Cambridge, MA | $4,229,953 | $5,084,700 |
Society Of Cosmetic Chemists New York, NY | $2,038,387 | $1,831,767 |
Guild Of Future Architects Foundation West Th Street, NY | $810,502 | $1,697,027 |
Prpl Foundation Inc Wakefield, MA | $4,671,273 | $795,026 |
Research And Development Council Of New Jersey Inc Chatham, NJ | $403,134 | $1,265,540 |