Overview
What is Explore Knowledge Foundation?
Explore Knowledge Foundation serves as a financial support mechanism for Explore Knowledge Academy, aiming to enhance and enrich the institution's reputation. The foundation raised funds through bond issuance, which were utilized to acquire a building and necessary equipment for the academy's primary use. The foundation's primary mission is to support and strengthen Explore Knowledge Academy, contributing to its growth and success. Based in Las Vegas, Nevada, the foundation plays a crucial role in furthering the academic environment and learning experiences for students.
Official website here: www.ekafoundation.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: Two-Star out of Four Stars, 73%
Explore Knowledge Foundation has received a "Needs Improvement" rating, reflecting some strengths but significant areas of concern. The organization demonstrates strong governance with a fully independent board and a high program expense ratio, indicating that nearly all of its expenditures are directed toward its programs. Additionally, it has no material diversion of assets and has received full marks for its audited financial statements, which showcases good financial practices.
However, the foundation faces serious shortcomings related to its accountability and transparency. Notably, it lacks a whistleblower policy, document retention protocols, and has not made its tax forms available on its website. Furthermore, it has a concerning liabilities to assets ratio of 122.79%, which may indicate potential financial instability.
Overall, while Explore Knowledge Foundation has commendable aspects regarding its governance and program expenditure, the absence of key policies and the financial health concerns suggest that potential donors should carefully consider these factors before contributing.
This AI summary has been generated from information found on Charity Navigator.
Is Explore Knowledge Foundation legitimate?
Explore Knowledge Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Explore Knowledge Foundation 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.ekafoundation.com
What is the mission statement of Explore Knowledge Foundation?
The Explore Knowledge Foundation's mission is centered around enriching and enhancing the Explore Knowledge Academy. Its primary objective is to support the academy in various ways, aiming to contribute positively to its public perception. The foundation has taken financial steps, such as issuing bonds, to procure a building and necessary equipment for the academy's primary use.
Official website here: www.ekafoundation.com
Who is the CEO of Explore Knowledge Foundation?
Gary Hay is the Director of Explore Knowledge Foundation.
Official website here: www.ekafoundation.com
What is the revenue of Explore Knowledge Foundation?
Explore Knowledge Foundation's revenue in 2022 was $666,458.
Official website here: www.ekafoundation.com
Who are the executives of Explore Knowledge Foundation and what are their salaries?
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.ekafoundation.com
Where can I find the form 990 for Explore Knowledge Foundation?
Explore Knowledge Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.ekafoundation.com
Learn more at the official website: www.ekafoundation.com
Mission Statement of Explore Knowledge Foundation
The Explore Knowledge Foundation, established as a financial support mechanism for Explore Knowledge Academy, is committed to enriching and enhancing the academic institution. Its primary mission is to strengthen and uphold the Academy, contributing to its growing popularity and positive public perception. The Foundation has demonstrated its dedication by issuing bonds to acquire the necessary building and equipment for the Academy's primary use. In essence, the Explore Knowledge Foundation serves as a pillar of support, ensuring the Academy's continued growth and success.
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Impact
July, 2024
Explore Knowledge Foundation has made a significant impact by enriching, enhancing, and supporting Explore Knowledge Academy in Las Vegas, NV. The foundation serves as a financial support mechanism for the academy, contributing to the school's positive public perception. Through issuing bonds to purchase buildings and equipment primarily used by the academy, Explore Knowledge Foundation has played a crucial role in advancing education and providing resources for students in the community.
This information is meant to be a general summary of Explore Knowledge Foundation. 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 2022.
- Program Service Revenue: $665,186
- Gross Receipts: $666,458
Assets and Liabilities:
- Total Assets: $6,352,091
- Total Liabilities: $7,800,204
- Net Assets: -$1,448,113
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
FACILITY INCOME
Revenue
$665,186
Organization Details
Founding Year
2009
Phone
(702) 870-5032Principal Officer
Gary Hay
Main Address
5871 MOUNTAIN VISTA ST, LAS VEGAS, NV, 89120
Website
www.ekafoundation.comNTEE Category
Code: B99 - Education
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