The Exploris School
- Assets
- $8.3m
- Revenue
- $10.9m
- Investments
- $0.0
- Employees
- 89
- Location
- Raleigh, NC
- Founding
- 07/2008
- Data as of
- 06/2022
- EIN
- 26-2407296
Organization Overview
The Exploris School is located in Raleigh, NC. The organization was established in 2008. 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, Exploris School employed 89 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Exploris 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, Exploris School generated $10.9m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 16.6% each year . All expenses for the organization totaled $5.1m during the year ending 06/2022. While expenses have increased by 6.2% 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
THE EXPLORIS SCHOOL IS A DIVERSE LEARNING COMMUNITY THAT ENGAGES STUDENTS IN A CHALLENGING, RELEVANT, RELATIONSHIP-BASED EDUCATION. THROUGH EXPERIENTIAL, PROJECT-BASED LEARNING, WE EMPOWER STUDENTS TO FOSTER A JUST AND SUSTAINABLE WORLD.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE EXPLORIS SCHOOL IS A PUBLIC SCHOOL OPERATED BY A NON-PROFIT CORPORATION SERVING APPROXIMATELY 441 STUDENTS FROM KINDERGARTEN THROUGH 8TH GRADE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steven Darroch Vice Chair | OfficerTrustee | 1 | $0 |
Alannah Rodriguez Treasurer | OfficerTrustee | 1 | $0 |
Jerry Hwang Chair | OfficerTrustee | 1 | $0 |
Melissa West Secretary | OfficerTrustee | 1 | $0 |
Leah Friedman Board Member | Trustee | 1 | $0 |
Ryan Boyce Board Member | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Morningstar Law Group Attorney Fees | 6/29/22 | $407,674 |
401 Hillsborough Street Llc Rents | 6/29/22 | $201,517 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $47,553 |
| Government grants | $4,885,740 |
| All other contributions, gifts, grants, and similar amounts not included above | $5,808,399 |
| Noncash contributions included in lines 1a–1f | $5,790,000 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $10,741,692 |
| Total Program Service Revenue | $158,016 |
| Investment income | $7,594 |
| 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 | $10,914,316 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $5,597 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $246,853 |
| Compensation of current officers, directors, key employees. | $3,768 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,908,239 |
| Pension plan accruals and contributions | $62,690 |
| Other employee benefits | $342,825 |
| Payroll taxes | $230,390 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $181,751 |
| Fees for services: Accounting | $18,050 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $293,050 |
| Advertising and promotion | $0 |
| Office expenses | $172,878 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $105,335 |
| Travel | $42,043 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $7,292 |
| Interest | $27,394 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $283,233 |
| Insurance | $19,689 |
| All other expenses | $0 |
| Total functional expenses | $5,061,792 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,409,976 |
| Savings and temporary cash investments | $383,992 |
| Pledges and grants receivable | $5,790,000 |
| Accounts receivable, net | $44,933 |
| 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 | $23,299 |
| Net Land, buildings, and equipment | $122,364 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $525,624 |
| Other assets | $15,658 |
| Total assets | $8,315,846 |
| Accounts payable and accrued expenses | $51,465 |
| 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 | $537,539 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $589,004 |
| Net assets without donor restrictions | $7,726,842 |
| 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 | $8,315,846 |