Overview
What is Explore Schools Inc?
Explore Schools Inc is a nonprofit organization located at 20 Jay Street 211, Brooklyn, NY 11201. With approximately 1,900 students enrolled in its educational corporation for the 2021-2022 academic year, its mission is to provide strategic planning, board governance, financial oversight, human resources, and other management support services to a network of K-8 charter schools in under-served communities. These schools aim to equip their students with the necessary academic skills and critical-thinking abilities to succeed in college-preparatory high schools. To realize this mission, Explore Schools Inc offers value-added support to its affiliated schools, ensuring they can provide high-quality public education to students in underprivileged areas. With a workforce of around 33 employees, the organization plays a vital role in enhancing educational opportunities for under-resourced communities.
Official website here: www.explorenetwork.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 95% (Four-Star out of Four Stars)
Explore Schools Inc has achieved an impressive Four-Star rating from Charity Navigator, indicating strong performance in accountability and finance. The rating is built on the organization’s exemplary scores in various governance metrics, demonstrating a commitment to transparency and fiscal responsibility. The charity's financial practices are well-structured, with no recorded material diversions of assets and a low liabilities to assets ratio of 29.63%.
One of the key strengths highlighted is the composition of the board, which consists of 100% independent members, ensuring unbiased decision-making. The organization has robust oversight systems in place, including a dedicated audit and oversight committee. Furthermore, policies related to conflict of interest, whistleblower protections, and document retention are all well established and accessible, adding to their credibility.
Despite the strong financial health and governance practices evidenced in their rating, there are no specific limitations noted in the data. Overall, Explore Schools Inc presents itself as a reliable nonprofit dedicated to its mission, backed by solid financial management and a commitment to accountability.
This AI summary has been generated from information found on Charity Navigator.
Is Explore Schools Inc legitimate?
Explore Schools Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Explore Schools Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $1,041,723
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,885,913
For more financial information, click here
Official website here: www.explorenetwork.org
What is the mission statement of Explore Schools Inc?
Explore Schools Inc's mission is focused on providing strategic planning, board governance, financial oversight, human resources, and other management support services to a network of K-8 charter schools in under-served communities. The primary goal is to help these schools equip their students with the necessary academic skills and critical thinking abilities, enabling them to excel in a college-preparatory high school. As of the 2021-2022 academic year, approximately 1,900 students are enrolled in the educational corporation affiliated with Explore Schools Inc in Brooklyn. To fulfill its mission, Explore Schools Inc offers value-added support to schools within its network, ensuring under-served communities have access to high-quality public education.
Official website here: www.explorenetwork.org
Who is the CEO of Explore Schools Inc?
Karen Francois is the CEO of Explore Schools Inc The CEO's salary of Explore Schools Inc is $300,001 and their total compensation is $323,647.
Official website here: www.explorenetwork.org
What is the revenue of Explore Schools Inc?
Explore Schools Inc's revenue in 2024 was $4,912,689.
Official website here: www.explorenetwork.org
Who are the executives of Explore Schools Inc and what are their salaries?
The average compensation at Explore Schools Inc during 2024 was $65,059. There are 45 employees and 6 volunteers at Explore Schools Inc.
Here are 14 key members and their salaries (Explore Schools Inc's CEO's salary is $300,001 and their total compensation is $323,647):
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- Compensation: $300,001
- Related: $0
- Other: $23,646
- Compensation: $254,222
- Related: $0
- Other: $41,536
- Compensation: $225,799
- Related: $0
- Other: $40,145
- Compensation: $185,873
- Related: $0
- Other: $45,421
- Compensation: $153,761
- Related: $0
- Other: $36,390
- Compensation: $160,199
- Related: $0
- Other: $20,488
- Compensation: $157,116
- Related: $0
- Other: $28,513
- Compensation: $155,850
- Related: $0
- Other: $24,330
Official website here: www.explorenetwork.org
Where can I find the form 990 for Explore Schools Inc?
Explore Schools Inc's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.explorenetwork.org
Learn more at the official website: www.explorenetwork.org
Mission Statement of Explore Schools Inc
Explore Schools Inc is an organization dedicated to offering strategic planning, board governance, financial oversight, human resources, and other management support services to a network of K-8 charter schools in under-served communities. Their mission is to equip these schools with the necessary tools to provide students from disadvantaged backgrounds with the academic skills and critical thinking abilities required to excel in a college-preparatory high school. By offering value-added support to schools within the network, Explore Schools Inc aims to ensure that under-served communities have access to high-quality public education. With approximately 1,900 students enrolled in the educational corporation for the 2021-2022 academic year, Explore Schools Inc plays a significant role in supporting the academic growth and development of students in underserved communities.
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Impact
October, 2024
Explore Schools Inc significantly enhances the educational landscape in Brooklyn by offering essential support services to K-8 charter schools. With a focus on strategic planning, board governance, financial oversight, and human resources, it empowers these schools to operate effectively and autonomously.
In the 2021-2022 academic year, the organization served approximately 1,900 students in underserved communities, ensuring that they have access to high-quality public education. By equipping schools with the tools they need to thrive, Explore Schools Inc contributes to the development of academic skills and critical-thinking abilities in its students, preparing them for success in college-preparatory high schools and beyond. This initiative helps bridge educational gaps and fosters a more equitable learning environment for all students.
This information is meant to be a general summary of Explore Schools Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2024.
- Program Service Revenue: $4,874,348
- Gross Receipts: $4,912,689
Assets and Liabilities:
- Total Assets: $1,638,975
- Total Liabilities: $507,853
- Net Assets: $1,131,122
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MANAGEMENT SERVICE FEE
Revenue
$4,874,348
Organization Details
Founding Year
2008
Principal Officer
Carrie Mauer
Website
www.explorenetwork.orgNTEE Category
Code: B99 - Education
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