Overview
What is Explore Facilities Group?
Explore Facilities Group is a nonprofit organization that operates in Las Cruces, New Mexico. Its primary mission is to support various chartered public schools by acquiring a facility and leasing it to the designated schools, such as Explore Academy - Las Cruces. The rent collected is used to cover facility debt service and other expenses. Moreover, the organization also engages in fundraising activities and disburses funds for school activities and programs, thereby contributing to the educational services provided by these charter schools.
Is Explore Facilities Group legitimate?
Explore Facilities Group is a legitimate nonprofit organization registered as a 501(c)(3) entity. Explore Facilities Group 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
What is the mission statement of Explore Facilities Group?
The Explore Facilities Group's mission is centered around supporting various chartered public schools. They accomplish this by acquiring facilities to lease, fundraising, and disbursing funds for school activities and programs. Specifically, they have leased a facility to Explore Academy - Las Cruces, a chartered school, to provide its tax-exempt educational services. The rent collected from this facility is utilized to cover the debt service and other expenses. In essence, the Explore Facilities Group plays a crucial role in supporting the operational needs and educational services of designated chartered schools.
Who is the CEO of Explore Facilities Group?
Karen Casedy is the Chair of Explore Facilities Group.
What is the revenue of Explore Facilities Group?
Explore Facilities Group's revenue in 2022 was $275.
Who are the executives of Explore Facilities Group and what are their salaries?
There 2 volunteers at Explore Facilities Group.
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $36,236
- Other: $9,626
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Explore Facilities Group?
Explore Facilities Group's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Explore Facilities Group
Explore Facilities Group, a nonprofit organization, is dedicated to supporting various chartered public schools that have been designated by the Board of Directors. Its mission is multifaceted, aiming to provide assistance in three key areas. Firstly, Explore Facilities Group acquires a facility to lease to the charter schools, thereby providing them with a physical space for their educational activities. Secondly, the organization engages in fundraising efforts to generate resources for the schools' programs and activities. Lastly, Explore Facilities Group disburses these funds to support the educational endeavors of the chartered schools.
In practice, this mission translates into the acquisition and leasing of a facility to Explore Academy - Las Cruces. The nonprofit leases these facilities to the charter school, which utilizes them for its tax-exempt educational services. The rental income generated by Explore Facilities Group is used to cover the facility debt service and other expenses. By supporting Explore Academy - Las Cruces in this way, Explore Facilities Group plays a vital role in enabling the charter school to offer quality education to its students.
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Impact
October, 2024
Explore Facilities Group significantly impacts the education landscape by acquiring and leasing facilities to chartered public schools in Las Cruces, New Mexico. By securing physical spaces for schools like Explore Academy - Las Cruces, they enable these institutions to provide tax-exempt educational services, essential for fulfilling their mission. Additionally, the organization actively engages in fundraising efforts and disburses funds for various school activities and programs, enhancing the overall educational experience for students. Their commitment to supporting designated schools helps ensure that these institutions can achieve their educational goals, fostering a rich learning environment for the community.
This information is meant to be a general summary of Explore Facilities Group. 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.
- Investment Income: $275
- Gross Receipts: $275
Assets and Liabilities:
- Total Assets: $10,698,435
- Total Liabilities: $11,807,866
- Net Assets: -$1,109,431
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Organization Details
Founding Year
2021
Phone
(505) 305-5300Principal Officer
Karen Casedy
Main Address
850 N TELSHOR BLVD, LAS CRUCES, NM, 88011
NTEE Category
Code: B11 - Education
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