2013-02-14T14:51:44-06:00 2012-06-30 061671819 FRUCHTER ROSEN & COMPANY PC 156 WEST 56TH STREET SUITE 1804 NEW YORK NY 10019 990 2011-07-01 263282250 EXPLORE SCHOOLS INC EXPL 3478757194 20 JAY STREET SUITE 504 NO 504 BROOKLYN NY 11201 MORTON A BALLEN 3478757194 2013-02-14 1 GUS SALIBA P01243493 2129573600 2013-02-14 2011 2016-03-07 17:11:31Z MORTON A BALLEN 20 JAY STREET SUITE 504 BROOKLYN NY 11201 3126377 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. 9 8 23 0 0 0 946451 1506782 1154925 1597308 0 0 2349 13477 2103725 3117567 38424 39840 0 0 1452108 1898746 0 0 183792 331499 540179 1822031 2478765 281694 638802 1264393 1935039 504431 536275 759962 1398764 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 UNDER SERVED COMMUNITIES THAT PROVIDES STUDENTS WITH THE ACADEMIC SKILLS AND CRITICAL THINKING ABILITIES THEY NEED TO SUCCEED IN A COLLEGE PREPARATORY HIGH SCHOOL. THERE ARE CURRENTLY 1,030 STUDENTS ENROLLED IN THE NETWORK'S THREE 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 UNDER SERVED COMMUNITIES WITH ACCESS TO A HIGH QUALITY PUBLIC EDUCATION. 0 0 650488 13280 775175 PROVIDED MANAGEMENT ADVISORY SERVICES TO EXPLORE CHARTER SCHOOL PER CONTRACT. 386636 13280 460417 PROVIDED MANAGEMENT ADVISORY SERVICES TO EXPLORE EMPOWER CHARTER SCHOOL PER CONTRACT. 304346 13280 361716 PROVIDED MANAGEMENT ADVISORY SERVICES TO EXPLORE EXCEL CHARTER SCHOOL PER CONTRACT. 388195 STARTUP EXPENSES ASSOCIATED WITH OPENING EXCEED CHARTER SCHOOL AND PLANNING FOR SCHOOL TURN-AROUND STRATEGY AND SCHOOL NETWORK OPERATIONAL AND PROGRAMMATIC MODEL. THE SCHOOL OPENED IN THE FALL OF 2012. 388195 1729665 1 1 0 0 0 0 0 0 0 0 1 0 0 1 0 1 1 0 0 0 0 0 0 0 1 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 16 0 1 23 1 0 0 0 0 0 1 1 0 0 0 0 X 9 8 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 MORTON A BALLEN 50.00 X X 201282 0 13318 JULIE ANN QUAY 1.00 X 0 0 0 TUCKER REED 1.00 X 0 0 0 DEBORAH MCGRIFF 1.00 X 0 0 0 THEODORE GILLMAN 1.00 X X 0 0 0 RUBEN ARIAS 1.00 X X 0 0 0 BRIAN COAD 1.00 X X 0 0 0 SHERRI EISENPRESS 1.00 X 0 0 0 KEVIN PEMBERTON 1.00 X 0 0 0 KINNARI PATEL 50.00 X 150931 0 25017 ELIZABETH PAWLSON 50.00 X 156918 0 18237 IAN NEWTON 50.00 X 123346 0 17087 CATHERINE BARUFALDI 50.00 X 141564 0 11644 774041 0 85303 5 0 1 0 0 38217 1468565 1506782 MANAGEMENT FEE 541610 1597308 1597308 1597308 8850 38217 8810 40 40 OTHER REVENUE 900099 13437 13437 13437 3117567 1597308 0 13477 39840 39840 902850 664494 160037 78319 757656 557632 134300 65724 11186 8233 1983 970 103695 76319 18381 8995 123359 90791 21867 10701 3900 3900 12087 12087 167873 95821 67933 4119 85393 19920 63125 2348 40306 34261 6045 73924 53959 13273 6692 72383 55176 11974 5233 22989 22989 11088 11088 RECRUITMENT 37236 31650 5586 MISCELLANEOUS 12532 1569 10740 223 FUNDRAISING 468 468 2478765 1729665 565308 183792 983672 1461241 34576 13815 110452 36545 27428 73907 218717 386076 1264393 1935039 304431 336275 200000 200000 504431 536275 X 235587 965431 524375 433333 759962 1398764 1264393 1935039 638802 0 X X 0 1 1 X 0 X 235000 628523 946451 1515632 3325606 235000 628523 946451 1515632 3325606 3325606 6000 1300 13437 20737 3346343 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 11810 176 11634 83226 28896 54330 15416 7473 7943 73907 DUE FORM AFFILIATES 367398 SECURITY DEPOSIT 18678 386076 3117567 2478765 638802 638802 3142641 16264 16264 3126377 -8810 -8810 3117567 2503839 16264 8810 25074 2478765 0 2478765 DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: ESI'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. ESI HAS NO UNCERTAIN TAX POSITIONS RESULTING IN AN ACCRUAL OF TAX EXPENSE OR BENEFIT. PART XII, LINE 4B - OTHER ADJUSTMENTS: EXPENSES FOR FUNDRAISING EVENT PART XIII, LINE 2D - OTHER ADJUSTMENTS: EXPENSES FOR FUNDRAISING EVENT MAY GALA 47067 38217 8850 4415 2380 2015 47067 38217 8850 4415 2380 2015 8810 40 1 EXPLORE CHARTER SCHOOL 655 PARKSIDE AVNEUE BROOKLYN NY 11226 134124616 13280 FMV TUTORING PROGRAM EMPOWER CHARTER SCHOOL 188 ROCHESTER AVENUE BROOKLYN NY 11213 264411431 13280 FMV TUTORING PROGRAM EXPLORE EXCEL CHARTER SCHOOL 1077 REMSEN AVENUE BROOKLYN NY 11236 274092757 13280 FMV TUTORING PROGRAM 3 PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, PART I, LINE 2: EXPLORE SCHOOLS, INC REMITTED GRANTS TO EXPLORE CHARTER SCHOOL, EXPLORE EMPOWER CHARTER SCHOOL AND EXPLORE EXCEL CHARTER SCHOOL. THESE AMOUNTS WERE THE NET PROCEEDS FROM A FUNDRAISING EVENT AND GRANTED TO THE SCHOOLS TO BE USED IN THEIR TUTORING PROGRAMS. THERE WAS NO SPECIFIC MONITORING OF THE FUND USAGE REQUIRED. X X 0 0 0 0 0 0 0 0 0 MORTON A BALLEN 180282 0 21000 0 0 0 4962 0 8356 0 214600 0 0 0 KINNARI PATEL 138181 0 12750 0 0 0 3017 0 22000 0 175948 0 0 0 ELIZABETH PAWLSON 139918 0 17000 0 0 0 3317 0 14920 0 175155 0 0 0 CATHERINE BARUFALDI 128814 0 12750 0 0 0 3288 0 8356 0 153208 0 0 0 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, OFFICERS, AND KEY EMPLOYEES (IF APPLICABLE) ARE REQUIRED TO DISCLOSE, IN WRITING, TO THE BEST OF THEIR KNOWLEDGE, 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 RELATIONSHIP (COLLECTIVELY, A "CONFLICT OF INTEREST"). 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. PART XII, FINANCIAL STATEMENT AND REPORTING, LINE 2C THE ORGANIZATION HAS A FINANCE COMMITTEE THAT IS RESPONSIBLE FOR OVERSIGHT OF THE AUDIT AND SELECTION OF THE INDEPENDENT AUDITOR.