Education Explosion Inc
- Assets
- $3.4m
- Revenue
- $6.2m
- Investments
- $0.0
- Employees
- 59
- Location
- Baker, LA
- Founding
- 02/2010
- Data as of
- 06/2022
- EIN
- 21-1323630
Organization Overview
Education Explosion Inc is located in Baker, LA. The organization was established in 2010. According to its NTEE Classification (B90) the organization is classified as: Educational Services, under the broad grouping of Education and related organizations. As of 06/2022, Education Explosion Inc employed 59 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Education Explosion 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, Education Explosion Inc generated $6.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.8% each year. All expenses for the organization totaled $6.0m during the year ending 06/2022. While expenses have increased by 9.8% 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 A ROGOROUS 21TH CENTURY EDUCATIONAL EXPERIENCE FOR ALL STUDENTS IN A SAFE, SUPPORTIVE AND CHALLENGING LEARNING ENVIROMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATIIONAL
IDEA
TITLE II
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Chakesha Scott CEO | Officer | 40 | $191,060 |
Eric Scott Principal | Officer | 40 | $137,140 |
Patrick Dicson Treasurer | Trustee | 1 | $0 |
Sharon Henderson President | Trustee | 1 | $0 |
Lakeisha Womack Board Member | Trustee | 1 | $0 |
Jada Netters Secretary | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $6,203,562 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,203,562 |
| Total Program Service Revenue | $0 |
| Investment income | $5,890 |
| 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 | $6,209,452 |
| 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. | $328,200 |
| Compensation of current officers, directors, key employees. | $38,212 |
| Compensation to disqualified persons | $2,552,869 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $297,427 |
| Payroll taxes | $196,047 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $264 |
| Fees for services: Accounting | $96,952 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $17,464 |
| Office expenses | $45,568 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,119,852 |
| Travel | $70,401 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $15,922 |
| Insurance | $58,551 |
| All other expenses | $844,901 |
| Total functional expenses | $5,964,819 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,384,984 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $661,333 |
| 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 | $0 |
| Net Land, buildings, and equipment | $253,697 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $87,394 |
| Total assets | $3,387,408 |
| Accounts payable and accrued expenses | $20,029 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $151,686 |
| Total liabilities | $171,715 |
| Net assets without donor restrictions | $3,215,693 |
| 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 | $3,387,408 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Education Explosion Inc has recieved totaling $10,000.
| Awarding Organization | Amount |
|---|---|
Project Lead The Way Inc Indianapolis, IN PURPOSE: Program Implementation | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
New Meridian Corporation Austin, TX | $22,335,966 | $20,374,244 |
Belle Chasse Academy Inc Belle Chasse, LA | $29,416,847 | $17,545,847 |
Village Tech Schools Duncanville, TX | $32,290,922 | $14,785,373 |
Bexar County Performing Arts Center Foundation San Antonio, TX | $183,646,136 | $8,087,390 |
Leading Educators Inc New Orleans, LA | $10,160,201 | $9,461,961 |
Hispanic Association Of Colleges And Universities San Antonio, TX | $14,909,180 | $14,551,149 |
Passages America Israel Inc Allen, TX | $8,997,691 | $7,060,714 |
Extend-A-Care Inc Austin, TX | $4,350,683 | $9,102,758 |
Educate Girls Austin, TX | $42,960,470 | $14,126,525 |
North Mississippi Education Consortion University, MS | $2,578,004 | $9,299,460 |
Evolution Acadamy Richardson, TX | $15,542,643 | $6,925,248 |
Prime Time Family Reading New Orleans, LA | $2,481,247 | $6,549,424 |