Explore Excel Charter School
- Assets
- $20.5m
- Revenue
- $42.3m
- Investments
- $0.0
- Employees
- 420
- Location
- Brooklyn, NY
- Founding
- 08/2012
- Data as of
- 06/2022
- EIN
- 27-4092757
Organization Overview
Explore Excel Charter School is located in Brooklyn, NY. The organization was established in 2012. According to its NTEE Classification (B29) the organization is classified as: Charter Schools, under the broad grouping of Education and related organizations. As of 06/2022, Explore Excel Charter School employed 420 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Explore Excel Charter 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 06/2022, Explore Excel Charter School generated $42.3m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 3.1% each year. All expenses for the organization totaled $43.4m during the year ending 06/2022. While expenses have increased by 4.4% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE EXCELLENT CURRICULUM AND INSTRUCTION TO STUDENTS IN KINDERGARTEN THROUGH EIGHTH GRADE AS A PATHWAY TO EQUITY AND A RESPONSE TO THE OPPORTUNITY GAP.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GENERAL EDUCATION - PROVIDED CLASSROOM CURRICULUM TO STUDENTS IN KINDERGARTEN THROUGH EIGHTH GRADE FOR THE 2021-2022 ACADEMIC YEAR. WE SERVED APPROXIMATELY 1,900 STUDENTS FOR A FULL YEAR OF CLASSROOM INSTRUCTION.
SPECIAL EDUCATION - PROVIDED OPPORTUNITIES FOR SPECIAL EDUCATION STUDENTS BY PROVIDING 12:1:1 CLASSROOM SETTINGS, INTEGRATED CO-TEACHING CLASSROOMS IN EVERY GRADE LEVEL, SPECIAL EDUCATION SUPPORT SERVICES, AND COUNSELING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Hank Mannix Chairman | OfficerTrustee | 2 | $0 |
Lola Adedokun Vice-Chair Thru June 2022 | OfficerTrustee | 1 | $0 |
Lindsay Matovich Treasurer | OfficerTrustee | 1 | $0 |
Angie Brice Thomas Trustee | Trustee | 1 | $0 |
Kevin Bryant Trustee | Trustee | 1 | $0 |
Tiffany Curtis Trustee | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Explore Schools Inc Academic & Business Services | 6/29/22 | $1,648,142 |
Blue Line Media Llc Marketing Services | 6/29/22 | $128,525 |
Fitmar Management Llc Student Enrichment Services | 6/29/22 | $119,316 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $5,376,073 |
| All other contributions, gifts, grants, and similar amounts not included above | $35,700 |
| Noncash contributions included in lines 1a–1f | $155,523 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,411,773 |
| Total Program Service Revenue | $36,798,867 |
| Investment income | $28,114 |
| 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 | $42,255,552 |
| 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. | $1,436,817 |
| Compensation of current officers, directors, key employees. | $278,838 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $23,486,419 |
| Pension plan accruals and contributions | $290,170 |
| Other employee benefits | $4,411,581 |
| Payroll taxes | $2,000,043 |
| Fees for services: Management | $3,859,289 |
| Fees for services: Legal | $23,082 |
| Fees for services: Accounting | $77,174 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,314,369 |
| Advertising and promotion | $631,665 |
| Office expenses | $497,769 |
| Information technology | $1,778,338 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $25,389 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $400,243 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $107,106 |
| Insurance | $269,621 |
| All other expenses | $44,425 |
| Total functional expenses | $43,382,158 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $8,705,346 |
| Savings and temporary cash investments | $5,269,477 |
| Pledges and grants receivable | $1,674,872 |
| Accounts receivable, net | $258,843 |
| 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 | $1,420,805 |
| Net Land, buildings, and equipment | $3,145,808 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,381 |
| Total assets | $20,477,532 |
| Accounts payable and accrued expenses | $4,396,930 |
| Grants payable | $0 |
| Deferred revenue | $195,538 |
| 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 | $349,767 |
| Total liabilities | $4,942,235 |
| Net assets without donor restrictions | $15,535,297 |
| 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 | $20,477,532 |