2015-02-14T09:20:39-06:00 2014-06-30 061671819 FRUCHTER ROSEN & COMPANY PC 156 WEST 56TH STREET SUITE 1804 NEW YORK NY 10019 990 2013-07-01 263282250 EXPLORE SCHOOLS INC EXPL 3478740640 20 JAY STREET NO 504 BROOKLYN NY 11201 MORTON A BALLEN CHIEF EXECUTIVE OFFICER 3478740640 2015-02-14 1 GUS SALIBA P01243493 2129573600 2015-02-14 2013 2016-03-07 17:11:31Z MORTON A BALLEN 20 JAY STREET SUITE 504 BROOKLYN NY 11201 3725306 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. 8 7 26 0 0 0 1746776 1164836 2183766 2559910 0 0 1357 560 3931899 3725306 40625 58925 0 0 2260647 2520285 0 0 113839 861404 759365 3162676 3338575 769223 386731 2691620 2974146 523633 419428 2167987 2554718 X THE ORGANIZATION IS A NEW YORK BASED, NOT-FOR-PROFIT CHARTER MANAGEMENT ORGANIZATION. ITS MISSION IS TO CREATE AND SUPPORT A NETWORK OF K-8 PUBLIC SCHOOLS IN UNDERSERVED COMMUNITIES THAT PROVIDES STUDENTS WITH THE ACADEMIC SKILLS AND CRITICAL THINKING ABILITIES THEY NEED TO SUCCEED IN A COLLEGE PREPARATORY HIGH SCHOOL. THERE ARE APPROXIMATELY 1,600 STUDENTS ENROLLED IN THE NETWORK'S FOUR CHARTER SCHOOLS IN CENTRAL BROOKLYN. TO REALIZE ITS MISSION, EXPLORE SCHOOLS PROVIDES VALUE ADDED SUPPORT TO THE SCHOOLS WITHIN THE NETWORK, WHILE AT THE SAME TIME DEVELOPING CAPACITY TO ESTABLISH AND SUPPORT TURNAROUND SCHOOLS THAT WILL PROVIDE STUDENTS IN UNDERSERVED COMMUNITIES WITH ACCESS TO A HIGH QUALITY PUBLIC EDUCATION. 0 0 741718 19692 821618 PROVIDED MANAGEMENT ADVISORY SERVICES TO EXPLORE CHARTER SCHOOL PER CONTRACT. 577042 15349 666994 PROVIDED MANAGEMENT ADVISORY SERVICES TO EXPLORE EMPOWER CHARTER SCHOOL PER CONTRACT. 500808 13028 578877 PROVIDED MANAGEMENT ADVISORY SERVICES TO EXPLORE EXCEL CHARTER SCHOOL PER CONTRACT. 426012 10856 492421 PROVIDED MANAGEMENT ADVISORY SERVICES TO EXPLORE EXCEED CHARTER SCHOOL PER CONTRACT. 426012 10856 492421 2245580 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 30 0 1 26 1 0 0 0 0 0 0 0 0 0 0 X 8 7 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 SUITE 504 BROOKLYN NY 11201 JAY MCNAMARA BOARD CHAIRMAN 2.00 X X 0 0 0 THEODORE GILLMAN VICE-CHAIR 1.00 X X 0 0 0 SHERRI LEE EISENPRESS TRUSTEE 1.00 X 0 0 0 RUBEN ARIAS TREASURER 1.00 X X 0 0 0 BRIAN COAD TRUSTEE 1.00 X 0 0 0 STEPHEN COOK TRUSTEE 1.00 X 0 0 0 RECY DUNN TRUSTEE 1.00 X 0 0 0 MORTON A BALLEN CHIEF EXECUTIVE OFFICER 50.00 X X 223060 0 15949 SHAWN-ANN MULLEN CHIEF FINANCIAL OFFICER 50.00 X 114171 0 8295 ELIZABETH PAWLSON CHIEF STRATEGY OFFICER 50.00 X 151432 0 8098 KEITH VIGRAHAM CHIEF OPERATING OFFICER 50.00 X 134285 0 8716 KEN BAUM CHIEF ACADEMIC OFFICER 50.00 X 212993 0 7584 RICHARD SMYTH DIRECTOR OF TECHNOLOGY 50.00 X 100858 0 4808 MARNI GREENSTEIN DIRECTOR OF CURRICULUM 50.00 X 102785 0 9655 1039584 0 63105 7 0 1 0 0 46232 1118604 1164836 MANAGEMENT FEE 541610 2559910 2559910 2559910 OTHER REVENUE 900099 560 560 560 3725306 2559910 0 560 58925 58925 907395 619532 250121 37742 1274613 870253 351346 53014 31568 21553 8702 1313 156371 106764 43104 6503 150338 102643 41441 6254 4425 4425 10525 10525 268861 139786 128735 340 63034 26273 35160 1601 119871 101891 17980 86460 59031 23833 3596 75158 56181 17061 1916 37514 25613 10341 1560 18916 18916 RECRUITMENT 67217 57135 10082 7384 7384 3338575 2245580 979156 113839 2484664 2659956 72279 162978 21979 27093 28471 38498 162534 95591 65549 66943 18678 18678 2691620 2974146 323633 419428 200000 523633 419428 X 1717987 2213051 450000 341667 2167987 2554718 2691620 2974146 386731 0 X X 0 1 X 1 0 X 633803 951551 1527569 1746776 1164836 6024535 633803 951551 1527569 1746776 1164836 6024535 2554014 3470521 6000 1300 1500 1357 560 10717 6035252 0.57500 0.60960 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 11810 881 10929 128758 81635 47123 21966 13075 8891 66943 X 3773437 48131 48131 3725306 0 3725306 3386706 48131 48131 3338575 0 3338575 PART X, LINE 2: THE ORGANIZATION'S ACCOUNTING POLICY PROVIDES THAT A TAX EXPENSE OR BENEFIT FROM AN UNCERTAIN TAX POSITION MAY BE RECOGNIZED WHEN IT IS MORE LIKELY THAN NOT THAT THE POSITION WILL BE SUSTAINED UPON EXAMINATION, INCLUDING RESOLUTIONS OF ANY RELATED APPEALS OR LITIGATION PROCESSES, BASED ON THE TECHNICAL MERITS. THE ORGANIZATION HAS NO UNCERTAIN TAX POSITIONS RESULTING IN AN ACCRUAL OF TAX EXPENSE OR BENEFIT. 1 EXPLORE CHARTER SCHOOL 655 PARKSIDE AVNEUE BROOKLYN NY 11226 134124616 501(C)(3) 19692 0 FMV N/A GENERAL OPERATING EXPLORE EMPOWER CHARTER SCHOOL 188 ROCHESTER AVENUE BROOKLYN NY 11213 264411431 501(C)(3) 15349 0 FMV N/A GENERAL OPERATING EXPLORE EXCEL CHARTER SCHOOL 1077 REMSEN AVENUE BROOKLYN NY 11236 274092757 501(C)(3) 13028 0 FMV N/A GENERAL OPERATING EXPLORE EXCEED CHARTER SCHOOL 433 ST MARKS AVENUE BROOKLYN NY 11238 452646087 501(C)(3) 10856 0 FMV N/A GENERAL OPERATING PART I, LINE 2: THE ORGANIZATION REMITTED GRANTS TO EXPLORE CHARTER SCHOOL, EXPLORE EMPOWER CHARTER SCHOOL, EXPLORE EXCEL CHARTER SCHOOL, AND EXPLORE EXCEED CHARTER SCHOOL. THESE AMOUNTS WERE PROCEEDS FROM AN END OF YEAR E-MAIL APPEAL AND GRANTED TO THE SCHOOLS FOR GENERAL OPERATING USE. THERE WAS NO SPECIFIC MONITORING OF THE FUND USAGE REQUIRED. X X X 0 0 0 0 0 0 0 1 0 MORTON A BALLEN CHIEF EXECUTIVE OFFICER 212660 0 10400 0 0 0 8244 0 7705 0 239009 0 0 0 ELIZABETH PAWLSON CHIEF STRATEGY OFFICER 142432 0 9000 0 0 0 2992 0 5106 0 159530 0 0 0 KEN BAUM CHIEF ACADEMIC OFFICER 200993 0 12000 0 0 0 0 0 7584 0 220577 0 0 0 PART I, LINE 7 EXPLORE SCHOOLS INC. PAID OUT NON-FIXED PAYMENTS AS BONUS COMPENSATION TO MORTY BALLEN, KENNETH BAUM AND ELIZABETH PAWLSON, BASED ON EMPLOYEE PERFORMANCE. ELIZABETH PAWLSON CHIEF OF STRATEGY 36438 CONSULTING CONTRACT 0 SCH L, PART IV EXPLANATION DURING THE YEAR, ELIZABETH PAWLSON WAS AN OFFICER AND TRANSITIONED TO A CONSULTANT FOR EXPLORE SCHOOLS INC. 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 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. 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. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST. FORM 990, PART XII, LINE 2C - FINANCIAL STATEMENTS AND REPORTING: THE FINANCIAL STATEMENTS OF THE ORGANIZATION HAVE BEEN AUDITED FOR THE YEAR ENDED JUNE 30, 2014. AN AUDIT COMMITTEE HAS BEEN ESTABLISHED FOR THE OVERSIGHT OF THE AUDIT OF THE FINANCIAL STATEMENTS AND SELECTION OF THE INDEPENDENT AUDITORS. THE AUDIT COMMITTEE MEETS WITH THE INDEPENDENT ACCOUNTANTS TO REVIEW THE RESULT OF THE AUDIT.