Explorations Preparatory School
- Assets
- $969.1k
- Revenue
- $892.6k
- Investments
- $0.0
- Employees
- 18
- Location
- Lewisville, TX
- Founding
- 10/2003
- Data as of
- 12/2022
- EIN
- 16-1639676
Organization Overview
Explorations Preparatory School is located in Lewisville, TX. The organization was established in 2003. According to its NTEE Classification (B24) the organization is classified as: Primary & Elementary Schools, under the broad grouping of Education and related organizations. As of 12/2022, Explorations Preparatory School employed 18 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Explorations Preparatory School 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 12/2022, Explorations Preparatory School generated $892.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (3.4%) each year. All expenses for the organization totaled $843.5k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (4.5%) per year over the past 8 years. 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
EXPLORATIONS PREPARATORY SCHOOL IS A SACS-CASI ACCREDITED, PRIVATE SCHOOL IN LEWISVILLE, TX SERVING STUDENTS FROM PRE-K THROUGH 6TH GRADE USING AN INNOVATIVE AND CHALLENGING THEME-BASED SCIENCE AND MATH CENTERED CURRICULUM.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATION SERVICES WERE PROVIDED FOR APPROXIMATELY 70 CHILDREN DURING THE SCHOOL YEAR, WHO OVERALL SCORED IN THE TOP 1.7% IN ITBS TEST SCORES NATIONWIDE. AFTER-SCHOOL CARE IS ALSO AVAILABLE FOR STUDENTS, IF NEEDED.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Deana Jullie Asst. Principal | Trustee | 45 | $63,000 |
Carolyn Murtoff Hart Principal | Trustee | 2 | $0 |
Amir Mesgar Director | Trustee | 2 | $0 |
Tomi Akingbade Director | Trustee | 2 | $0 |
Jurie Pieterse Director | Trustee | 2 | $0 |
Kristen Rhea Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $28,217 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $28,217 |
| Total Program Service Revenue | $864,327 |
| Investment income | $20 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $892,564 |
| 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. | $63,000 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $509,121 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $46,698 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,100 |
| Fees for services: Accounting | $16,457 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $300 |
| Advertising and promotion | $9,605 |
| Office expenses | $21,264 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $84,067 |
| 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 | $14,797 |
| Insurance | $10,435 |
| All other expenses | $17,087 |
| Total functional expenses | $843,455 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $551,117 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $104,321 |
| 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 | $20 |
| Net Land, buildings, and equipment | $310,984 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,625 |
| Total assets | $969,067 |
| Accounts payable and accrued expenses | $276 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $157,979 |
| Total liabilities | $158,255 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| 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 | $810,812 |
| Total liabilities and net assets/fund balances | $969,067 |