Explorations Preparatory School
- Assets
- $922.7k
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 18
- Location
- Lewisville, TX
- Founding
- 10/2003
- Data as of
- 12/2021
- 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 12/2021, 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 12/2021, Explorations Preparatory School generated $1.1m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.5%) each year. All expenses for the organization totaled $781.9k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (6.1%) per year over the past 7 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
2021
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 65 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Deana Jullie Asst. Principal | Trustee | 45 | $57,533 |
Carolyn Murtoff Hart Principal | Trustee | 45 | $35,333 |
Bil Piper V-Chair, Treas | Officer | 2 | $0 |
Carl Mays II Chairman | Officer | 2 | $0 |
Kristen Rhea Director | Trustee | 2 | $0 |
Jurie Pieterse Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $298,470 |
| All other contributions, gifts, grants, and similar amounts not included above | $24,757 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $323,227 |
| Total Program Service Revenue | $734,696 |
| Investment income | $0 |
| 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 | $1,057,923 |
| 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. | $92,866 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $468,751 |
| Pension plan accruals and contributions | $42 |
| Other employee benefits | $0 |
| Payroll taxes | $47,106 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $13,400 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $4,156 |
| Office expenses | $11,112 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $80,887 |
| 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 | $9,288 |
| Insurance | $7,989 |
| All other expenses | $11,315 |
| Total functional expenses | $781,855 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $573,958 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $104,715 |
| 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 | $241,338 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,625 |
| Total assets | $922,656 |
| Accounts payable and accrued expenses | $1,053 |
| 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 | $159,900 |
| Total liabilities | $160,953 |
| 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 | $761,703 |
| Total liabilities and net assets/fund balances | $922,656 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Explorations Preparatory School has recieved totaling $13,846.
| Awarding Organization | Amount |
|---|---|
Communities Foundation Of Texas Dallas, TX PURPOSE: THIS GRANT IS DESIGNATED FOR GENERAL SUPPORT. | $13,736 |
Synchrony Foundation Stamford, CT PURPOSE: EMPLOYER MATCHING GIFT PROGRAM | $110 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Trinity Christian Academy Addison, TX | $65,459,089 | $30,244,253 |
St Andrews Episcopal School Inc Austin, TX | $93,484,492 | $28,935,515 |
Community School For Apprenticeship Learning Inc Baton Rouge, LA | $35,523,575 | $32,794,554 |
Metairie Park Country Day School Metairie, LA | $48,222,871 | $23,246,338 |
Idea Public Schools Louisiana Inc Baton Rouge, LA | $5,073,579 | $25,941,968 |
Community Academies Of New Orleans Inc New Orleans, LA | $3,607,282 | $19,811,905 |
Varnett Schools Inc Houston, TX | $25,630,579 | $16,355,176 |
The Emery-Weiner Center For Jewish Education Houston, TX | $36,882,077 | $18,976,630 |
Sandia School Albuquerque, NM | $27,571,490 | $14,904,182 |
French & Montessori Education Inc New Orleans, LA | $8,632,060 | $13,354,447 |
Fort Bend Christian Academy Sugar Land, TX | $31,881,778 | $16,006,683 |
The Lamplighter School Dallas, TX | $61,812,607 | $20,667,782 |