Explore Schools Inc
- Assets
- $1.6m
- Revenue
- $4.6m
- Investments
- $0.0
- Employees
- 33
- Location
- Brooklyn, NY
- Founding
- 04/2010
- Data as of
- 06/2022
- EIN
- 26-3282250
Organization Overview
Explore Schools Inc is located in Brooklyn, NY. The organization was established in 2010. 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, Explore Schools Inc employed 33 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Explore Schools 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, Explore Schools Inc generated $4.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.9% each year. All expenses for the organization totaled $4.2m during the year ending 06/2022. While expenses have increased by 3.3% per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE STRATEGIC PLANNING, BOARD GOVERNANCE, FINANCIAL OVERSIGHT, HUMAN RESOURCES AND OTHER MANAGEMENT SUPPPORT SERVICES TO SCHOOLS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THERE ARE APPROXIMATELY 1,900 STUDENTS ENROLLED IN THE NETWORK'S EDUCATIONAL CORPORATION IN BROOKLYN FOR THE 2021-2022 ACADEMIC YEAR. TO REALIZE ITS MISSION, ESI PROVIDES VALUE-ADDED SUPPORT TO SCHOOLS WITHIN THE NETWORK THAT PROVIDE STUDENT IN UNDERSERVED COMMUNITIES WITH ACCESS TO HIGH-QUALITY PUBLIC EDUCATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jana Reed Chair | OfficerTrustee | 2 | $0 |
Brian Coad Treasurer | OfficerTrustee | 1 | $0 |
Reshma Patel Trustee | Trustee | 1 | $0 |
Lizz Pawlson Trustee | Trustee | 1 | $0 |
Carolyn Mauer Executive Director | Officer | 50 | $267,537 |
Christina Froeb Superintendent | Officer | 50 | $268,706 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
The New Teacher Project Recruitment Services | 6/29/19 | $128,123 |
Lavinia Group Llc Ela Curriculum & Prof. Development | 6/29/19 | $111,700 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $756,559 |
| All other contributions, gifts, grants, and similar amounts not included above | $5,620 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $762,179 |
| Total Program Service Revenue | $3,859,289 |
| 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 | $4,621,468 |
| 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. | $586,156 |
| Compensation of current officers, directors, key employees. | $177,004 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,093,475 |
| Pension plan accruals and contributions | $108,913 |
| Other employee benefits | $366,421 |
| Payroll taxes | $275,086 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $574 |
| Fees for services: Accounting | $19,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $95,104 |
| Advertising and promotion | $0 |
| Office expenses | $23,451 |
| Information technology | $87,960 |
| Royalties | $0 |
| Occupancy | $117,210 |
| Travel | $10,823 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $21,661 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $19,276 |
| Insurance | $32,728 |
| All other expenses | $0 |
| Total functional expenses | $4,210,468 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,214,622 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $39,840 |
| Net Land, buildings, and equipment | $9,171 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $375,342 |
| Total assets | $1,638,975 |
| Accounts payable and accrued expenses | $507,061 |
| Grants payable | $0 |
| Deferred revenue | $792 |
| 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 | $507,853 |
| Net assets without donor restrictions | $1,131,122 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $1,638,975 |
Grants Awarded
Over the last fiscal year, Explore Schools Inc has awarded $345,125 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
EXPLORE CHARTER SCHOOL PURPOSE: GENERAL OPERATING | $96,787 |
EXPLORE EMPOWER CHARTER SCHOOL PURPOSE: GENERAL OPERATING | $88,080 |
EXPLORE EXCEL CHARTER SCHOOL PURPOSE: GENERAL OPERATING | $75,482 |
EXPLORE EXCEED CHARTER SCHOOL PURPOSE: GENERAL OPERATING | $84,776 |