2017-05-15T12:22:10-05:00 2016-06-30 271728945 PKF O'CONNOR DAVIES LLP 665 FIFTH AVENUE NEW YORK NY 10022 990 2015-07-01 263282250 EXPLORE SCHOOLS INC EXPL 3478757194 20 JAY STREET NO 211 BROOKLYN NY 11201 MORTON A BALLEN CHIEF EXECUTIVE OFFICER 3478757194 2017-05-13 1 GARRETT M HIGGINS P00543209 2122862600 2017-05-13 2015 2021-01-29 14:40:06Z X MORTON A BALLEN 20 JAY STREET NO 211 BROOKLYN NY 11201 3313595 0 X WWW.EXPLORENETWORK.ORG X 2008 NY TO PROVIDE STRATEGIC PLANNING, BOARD GOVERNANCE, FINANCIAL OVERSIGHT, HUMAN RESOURCES AND OTHER MANAGEMENT SUPPPORT SERVICES TO SCHOOLS. 7 6 24 6 0 0 457577 99890 2933057 3213705 0 0 150 0 3390784 3313595 345125 25888 0 0 2227342 2385565 0 0 27906 724439 935721 3296906 3347174 93878 -33579 2877505 2985332 228909 373425 2648596 2611907 THE ORGANIZATION'S MISSION IS TO CREATE AND SUPPORT A NETWORK OF K-8 CHARTER SCHOOLS IN UNDER-SERVED COMMUNITIES THAT PROVIDES STUDENTS WITH THE ACADEMIC SKILLS AND CRITICAL-THINKING ABILITIES THEY NEED TO SUCCEED IN A COLLEGE-PREPARATORY HIGH SCHOOL. 0 0 2349628 25888 3213705 THERE ARE APPROXIMATELY 1,930 STUDENTS ENROLLED IN THE NETWORK'S EDUCATIONAL CORPORATION IN CENTRAL BROOKLYN FOR THE 2015-2016 ACADEMIC YEAR. TO REALIZE ITS MISSION, ESI PROVIDES VALUE-ADDED SUPPORT TO SCHOOLS WITHIN THE NETWORK, WHILE AT THE SAME TIME DEVELOPING CAPACITY TO ESTABLISH AND SUPPORT TURNAROUND SCHOOLS THAT WILL PROVIDE STUDENTS IN UNDER-SERVED COMMUNITIES WITH ACCESS TO A HIGH-QUALITY PUBLIC EDUCATION. 2349628 1 1 0 0 0 0 0 0 0 0 1 0 0 1 0 1 1 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 29 0 24 1 0 0 0 0 0 0 0 0 0 0 X 7 6 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 NY X SHAWN-ANN MULLEN 3478740640 20 JAY STREET NO 211 BROOKLYN NY 11201 JAY MCNAMARA BOARD CHAIRMAN 2.00 X X 0 0 0 STEPHEN COOK TREASURER 1.00 X X 0 0 0 BRIAN COAD TREASURER 1.00 X X 0 0 0 SHERRI LEE EISENPRESS TRUSTEE 1.00 X 0 0 0 TIM TAYLOR TRUSTEE 1.00 X 0 0 0 SUELLYN SCULL TRUSTEE 1.00 X 0 0 0 MORTON A BALLEN CHIEF EXECUTIVE OFFICER 50.00 X X 250617 0 17840 SHAWN-ANN MULLEN CHIEF FINANCIAL OFFICER 50.00 X 168625 0 13717 SAMUEL FRAGOMENI CHIEF ACADEMIC OFFICER 50.00 X 157409 0 9123 KEITH VIGRAHAM CHIEF STRATEGY OFFICER 50.00 X 148988 0 10568 REBECCA DAVERIN CHIEF OPERATING OFFICER 50.00 X 136617 0 10912 862256 0 62160 5 0 1 0 0 99890 99890 MANAGEMENT FEE 541610 3213705 3213705 3213705 3313595 3213705 0 0 25888 25888 988942 674570 303856 10516 1096937 748235 337038 11664 21713 14811 6671 231 126206 86087 38777 1342 151767 103522 46631 1614 10206 10206 12750 12750 257081 206687 50394 66331 56383 9948 63700 27344 35931 425 143896 122311 21585 93721 63928 28796 997 42815 29205 13155 455 53498 44765 8733 56719 38689 17427 603 20395 20395 STAFF DEVELOPMENT 114609 107203 7347 59 3347174 2349628 969640 27906 2345742 1518410 105598 106480 170 20808 229420 30031 297734 186847 84892 110887 111683 1198716 2877505 2985332 228909 373425 228909 373425 X 2503743 2611907 144853 0 2648596 2611907 2877505 2985332 X -33579 -3110 X X 0 1 X 1 0 X 1527569 1746776 1164836 457577 99890 4996648 1527569 1746776 1164836 457577 99890 4996648 2241117 2755531 1500 1357 560 150 3567 5000215 3213705 0.55110 0.57380 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: OTHER REVENUE - 2011 AMOUNT: $ 1,500. 2012 AMOUNT: $ 1,357. 2013 AMOUNT: $ 560. 2014 AMOUNT: $ 150. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 11810 11810 165538 161847 3691 120386 25000 95386 110887 SECURITY DEPOSIT 18678 DUE FROM AFFILIATES 1180038 1198716 X 3320726 7131 7131 3313595 0 3313595 3357415 7131 3110 10241 3347174 0 3347174 PART X, LINE 2: ESI RECOGNIZES THE EFFECT OF INCOME TAX POSITIONS ONLY IF THOSE POSITIONS ARE MORE LIKELY THAN NOT TO BE SUSTAINED. MANAGEMENT HAS DETERMINED THAT ESI HAD NO UNCERTAIN TAX POSITIONS THAT WOULD REQUIRE FINANCIAL STATEMENT RECOGNITION OR DISCLOSURE. ESI IS NO LONGER SUBJECT TO EXAMINATIONS BY THE APPLICABLE TAXING JURISDICTIONS FOR YEARS PRIOR TO JUNE 30, 2013. PART XII, LINE 2D - OTHER ADJUSTMENTS: LOSS ON DISPOSAL OF ASSETS REPORTED ON PART XI: 3,110. 1 EXPLORE CHARTER SCHOOLS OF BROOKLYN 1077 REMSEN AVENUE BROOKLYN NY 11236 274092757 501(C)(3) 25888 GENERAL OPERATING 1 PART I, LINE 2: THE ORGANIZATION REMITTED GRANTS TO EXPLORE CHARTER SCHOOLS OF BROOKLYN (EXPLORE CHARTER SCHOOL, EXPLORE EMPOWER CHARTER SCHOOL, EXPLORE EXCEL CHARTER SCHOOL, AND EXPLORE EXCEED CHARTER SCHOOL). THESE FUNDS ARE THE PROCEEDS FROM AN END OF YEAR E-MAIL APPEAL AND GRANTED TO THE SCHOOLS FOR GENERAL OPERATING USE TOTALING $25,888. X X X X 0 0 0 0 0 0 0 1 0 MORTON A BALLEN CHIEF EXECUTIVE OFFICER 250617 0 0 0 0 0 8717 0 9123 0 268457 0 0 0 SHAWN-ANN MULLEN CHIEF FINANCIAL OFFICER 160625 0 8000 0 0 0 4594 0 9123 0 182342 0 0 0 SAMUEL FRAGOMENI CHIEF ACADEMIC OFFICER 154159 0 3250 0 0 0 0 0 9123 0 166532 0 0 0 KEITH VIGRAHAM CHIEF STRATEGY OFFICER 145488 0 3500 0 0 0 1446 0 9122 0 159556 0 0 0 PART I, LINE 7 EXPLORE SCHOOLS INC. PAID OUT NON-FIXED PAYMENTS AS BONUS COMPENSATION TO SHAWN-ANN MULLEN, REBECCA DAVERIN, SAM FRAGOMENI AND KEITH VIGRAHAM BASED ON EMPLOYEE PERFORMANCE. FORM 990, PART VI, SECTION B, LINE 11 SENIOR MANAGEMENT REVIEWS THE FORM 990 AND THEN FORWARDS IT TO THE FINANCE COMMITTEE FOR THEIR REVIEW. IF CHANGES ARE REQUIRED, THE ORGANIZATION WILL THEN FORWARD THE FORM 990 TO THE AUDITING FIRM AND A FINAL VERSION OF THE FORM 990 IS THEN DISTRIBUTED TO ALL THE ORGANIZATION'S BOARD MEMBERS PRIOR TO FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C PRIOR TO ELECTION TO THE BOARD, AND THEREAFTER ON AN ANNUAL BASIS, ALL TRUSTEES ARE REQUIRED TO DISCLOSE, IN WRITING, ANY INTEREST SUCH TRUSTEE MAY HAVE IN ANY CORPORATION, ORGANIZATION, PARTNERSHIP OR OTHER ENTITY WHICH PROVIDES PROFESSIONAL OR OTHER GOODS OR SERVICES TO THE ORGANIZATION FOR A FEE OR OTHER COMPENSATION, AND ANY INTEREST SUCH TRUSTEE MAY HAVE AS A RESULT OF A POSITION OR OTHER RELATIONSHIP WITH ANY NOT-FOR-PROFIT CORPORATION WITH WHICH THE ORGANIZATION HAS AN ATTORNEY-CLIENT OR OTHER BUSINESS RELATIONSHIP (COLLECTIVELY, A "CONFLICT OF INTEREST"). ADDITIONALLY, THE ORGANIZATION SHARES ITS CONFLICT OF INTEREST POLICY WITH OFFICERS AND KEY EMPLOYEES ANNUALLY, AND THESE EMPLOYEES ARE EXPECTED TO DECLARE IF AT ANY POINT A CONFLICT OF INTEREST ARISES. IF A CONFLICT WERE TO ARISE, THE INTERESTED PERSON SHALL EXCUSE THEMSELVES FROM BOARD DISCUSSION AND ABSTAIN FROM VOTING ON THE POTENTIAL CONFLICT. FORM 990, PART VI, SECTION B, LINE 15A THE COMPENSATION COMMITTEE DOES A MARKET ANALYSIS TO COMPARE CHIEF EXECUTIVE OFFICER AND OTHER LEADERSHIP POSITION SALARIES IN SIMILAR ORGANIZATIONS AND IS ALSO INVOLVED IN THE APPROVAL FOR THE ANNUAL BUDGET FOR THE ORGANIZATION. THIS PROCESS LAST OCCURED IN 2015 AND WAS DOCUMENTED IN THE MINUTES OF THE GOVERNING BOARD. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS FORM 990 AVAILABLE FOR PUBLIC INSPECTION AS REQUIRED UNDER SECTION 6104 OF THE INTERNAL REVENUE CODE. THE RETURN IS POSTED ON GUIDESTAR.ORG AND OTHER SIMILAR TYPES OF WEBSITES. IN ADDITION, THE FINANCIAL STATEMENTS, CONFLICT OF INTEREST POLICY, ARTICLES OF INCORPORATION AND BY-LAWS ARE ALSO AVAILABLE UPON WRITTEN REQUEST AT 20 JAY STREET #211, BROOKLYN, NY 11201, OR BY CALLING THE ORGANIZATION DIRECTLY AT 347-875-7194. FORM 990, PART XI, LINE 9: LOSS ON DISPOSAL OF ASSET -3,110. FORM 990, PART XII, LINE 2C: THE ORGANIZATION HAS AN AUDIT COMMITTEE RESPONSIBLE FOR THE OVERSIGHT OF THE AUDIT OF THE FINANCIAL STATEMENTS AND SELECTION OF THE INDEPENDENT AUDITORS. THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.