2026-05-15T21:22:57-05:00 2025-06-30 331374517 PKF O'CONNOR DAVIES ADVISORY LLC 300 TICE BOULEVARD SUITE 315 WOODCLIFF LAKE NJ 07677 990 2024-07-01 263282250 EXPLORE SCHOOLS INC EXPL 3478757194 20 JAY STREET 211 BROOKLYN NY 11201 KAREN ANNETTE FRANCOIS CEO 3478757194 2026-05-06 1 1 SACHA RICHARDS P01378509 2017129800 2026-05-06 2024 2025-03-06 01:10:19Z KAREN ANNETTE FRANCOIS 20 JAY STREET 211 BROOKLYN NY 11201 4608735 0 X WWW.EXPLORENETWORK.ORG X 2008 NY TO PROVIDE STRATEGIC PLANNING, BOARD GOVERNANCE, FINANCIAL OVERSIGHT, HUMAN RESOURCES AND OTHER MANAGEMENT SUPPORT SERVICES TO SCHOOLS. 6 6 40 6 0 0 38341 38719 4874348 4541486 0 28530 0 0 4912689 4608735 277177 10946 0 0 3664650 3115967 0 0 0 1091718 1043913 5033545 4170826 -120856 437909 1975279 2222414 966775 775482 1008504 1446932 X TO PROVIDE STRATEGIC PLANNING, BOARD GOVERNANCE, FINANCIAL OVERSIGHT, HUMAN RESOURCES, AND OTHER MANAGEMENT SUPPORT TO A NETWORK OF K-8 CHARTER SCHOOLS IN UNDER-SERVED COMMUNITIES THAT PROVIDE STUDENTS WITH THE ACADEMIC SKILLS AND CRITICAL-THINKING ABILITIES THEY NEED TO SUCCEED IN A COLLEGE-PREPARATORY HIGH SCHOOL. 0 0 2790748 10946 4541486 THERE ARE APPROXIMATELY 1,700 STUDENTS ENROLLED IN THE NETWORK'S EDUCATIONAL CORPORATION IN BROOKLYN FOR THE 2024-2025 ACADEMIC YEAR. TO REALIZE ITS MISSION, ESI PROVIDES VALUE-ADDED SUPPORT TO SCHOOLS WITHIN THE NETWORK THAT PROVIDE STUDENT IN UNDERSERVED COMMUNITIES WITH ACCESS TO HIGH-QUALITY PUBLIC EDUCATION. 2790748 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 21 0 40 1 0 0 0 0 0 0 0 0 0 0 0 0 X 6 6 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 NY X X SAM WILDER 3472010744 20 JAY STREET 211 BROOKLYN NY 11201 RESHMA PATEL CHAIR, TRUSTEE 2.00 X X 0 0 0 JANA REED CHAIR 2.00 X X 0 0 0 SHAWN JENKINS VICE CHAIRPERSON 1.00 X X 0 0 0 BRIAN COAD TREASURER 1.00 X X 0 0 0 MORTY BALLEN TRUSTEE 1.00 X 0 0 0 LINDSAY MATOVICH TRUSTEE 1.00 X 0 0 0 KAREN FRANCOIS CHIEF EXECUTIVE OFFICER 50.00 X 318317 0 25682 EFRAT KUSSELL CHIEF ACADEMIC OFFICER 50.00 X 213250 0 13280 TRACY REBE-BOGULAVSKY CHIEF OF SCHOOL 50.00 X 223655 0 43252 AWO BUSUMSI MANAGING DIRECTOR OF SCHOOL 50.00 X 195629 0 53951 TIFFANY WILLIAMS MANAGING DIRECTOR OF TALENT 50.00 X 173257 0 43743 VERONICA WOOLLEY MANAGING DIRECTOR OF OPERATIONS 50.00 X 177774 0 19711 JARREN KANZE SR. DIR. OF SPECIAL POPULATIONS 50.00 X 160283 0 27111 QTYASHIA ARRINGTON MD OF COMM. PARTNERSHIP & FAMILY ENG. 50.00 X 155827 0 25395 1617992 0 252125 18 0 1 0 0 22637 16082 38719 MANAGEMENT SERVICE FEE 541610 4541486 4541486 4541486 28530 28530 4608735 4541486 0 28530 10946 10946 875180 747498 127682 1661390 1067484 593906 91655 63084 28571 199461 131618 67843 288281 204886 83395 47511 47511 23346 23346 267744 57797 209947 65801 55931 9870 57424 18260 39164 84020 70457 13563 113074 75820 37254 51270 40354 10916 62234 48983 13251 680 680 8819 6268 2551 43394 43394 STAFF DEVELOPMENT 198502 175435 23067 REPAIRS AND MAINTENANCE 15927 15927 STORAGE FEES 4167 4167 4170826 2790748 1380078 0 484174 15428 0 1274049 971 38 10178 16195 252511 231637 17543 20874 1462413 895830 1975279 2222414 489297 389896 477478 385586 966775 775482 X 1008504 1446932 1008504 1446932 1975279 2222414 437909 519 0 X X 0 1 X 1 0 X 59320 762179 37972 38341 38719 936531 59320 762179 37972 38341 38719 936531 19640 916891 28530 28530 2930 2930 967991 21966472 0.94720 0.95470 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: REFUND - 2020 AMOUNT: $ 2,930. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 91164 91164 0 111347 90473 20874 50000 50000 0 20874 DUE FROM AFFILIATES 506227 RIGHT USE OF ASSET 364028 SECURITY DEPOSIT 25575 895830 OPERATING LEASE LIABILITY 385586 385586 X 4609254 519 519 4608735 0 4608735 4170826 0 4170826 0 4170826 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, 2022. 1 STAFF SCHOLARSHIP 2 10946 PART I, LINE 2: THE SCHOOL ISSUES STAFF SCHOLARSHIPS BASED UPON COMPLETED AND APPROVED SCHOLARSHIP APPLICATIONS. THE APPLICATIONS REQUIRE THE APPLICANT TO PROVIDE SPECIFIC DETAILS ABOUT THE INTENDED USE OF FUNDS AND ATTEST THAT THE FUNDS WILL BE USED WITHIN THE APPROPRIATE TIMELINE. THE APPLICATION MUST BE APPROVED BY THE SCHOOL'S PRINCIPAL. THE APPLICANT IS REQUIRED TO SUBMIT DOCUMENTATION (E.G., SCHOOL TRANSCRIPTS, PAYMENT RECEIPTS, ETC.) TO VALIDATE THE FUNDS WERE USED FOR THE INTENDED PURPOSE AND MEET THE DISBURSED AMOUNT. IF SCHOLARSHIP FUNDS ARE NOT USED FOR THE INTENDED PURPOSE AND/OR IF THE FULL AMOUNT WAS NOT USED, THE STAFF PERSON IS RESPONSIBLE TO RETURN ALL, OR THE APPLICABLE PORTION, OF THE FUNDS PER THE PROMISSORY AGREEMENT. X X 0 0 0 0 0 0 0 1 0 KAREN FRANCOIS CHIEF EXECUTIVE OFFICER 293317 0 25000 0 0 0 11594 0 14088 0 343999 0 0 0 TRACY REBE-BOGULAVSKY CHIEF OF SCHOOL 223655 0 0 0 0 0 11444 0 31808 0 266907 0 0 0 AWO BUSUMSI MANAGING DIRECTOR OF SCHOOL 195629 0 0 0 0 0 5903 0 48048 0 249580 0 0 0 EFRAT KUSSELL CHIEF ACADEMIC OFFICER 213250 0 0 0 0 0 0 0 13280 0 226530 0 0 0 TIFFANY WILLIAMS MANAGING DIRECTOR OF TALENT 168257 0 5000 0 0 0 8841 0 34902 0 217000 0 0 0 VERONICA WOOLLEY MANAGING DIRECTOR OF OPERATIONS 174649 0 3125 0 0 0 0 0 19711 0 197485 0 0 0 JARREN KANZE SR. DIR. OF SPECIAL POPULATIONS 160283 0 0 0 0 0 8078 0 19033 0 187394 0 0 0 QTYASHIA ARRINGTON MD OF COMM. PARTNERSHIP & FAMILY ENG 150827 0 5000 0 0 0 3300 0 22095 0 181222 0 0 0 PART I, LINE 7 INDIVIDUALS RECEIVED BOARD-APPROVED PERFORMANCE-BASED BONUS WHICH WAS INCLUDED IN THEIR REPORTABLE COMPENSATION. THIS AMOUNT IS REPORTED IN PART II, COLUMN (B)(II), FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY AN OUTSIDE ACCOUNTING FIRM. THE RETURN IS REVIEWED BY MANAGEMENT AND ELECTRONICALLY PROVIDED TO ALL BOARD MEMBERS PRIOR TO FILING WITH THE INTERNAL REVENUE SERVICE. 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"). DISCUSSIONS REGARDING POTENTIAL CONFLICTS ARE DOCUMENTED IN THE BOARD MINUTES 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 MUST EXCUSE THEMSELVES FROM BOARD DISCUSSION AND ABSTAIN FROM VOTING ON THE POTENTIAL CONFLICT. FORM 990, PART VI, SECTION B, LINE 15 THE COMPENSATION COMMITTEE DOES A MARKET ANALYSIS TO COMPARE EXECUTIVE DIRECTOR 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 OCCURRED IN FY2024 AND WAS DOCUMENTED IN THE MINUTES OF THE GOVERNING BOARD. FORM 990, PART VI, SECTION B, LINE 15B: THE COMPENSATION COMMITTEE ALSO REVIEWS COMPENSATION FOR OTHER LEADERSHIP AND KEY EMPLOYEE POSITIONS BY COMPARING SALARY LEVELS WITH THOSE AT SIMILAR ORGANIZATIONS AS PART OF ITS MARKET ANALYSIS PROCESS. COMPENSATION DECISIONS ARE CONSIDERED THROUGH THE ANNUAL BUDGET APPROVAL PROCESS. THIS REVIEW WAS LAST COMPLETED IN FY2024 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. FORM 990, PART XII, LINE 2C: THE ORGANIZATION HAS AN AUDIT COMMITTEE RESPONSIBLE FOR THE OVERSIGHT OF THE AUDIT OF THE FINANCIAL STATEMENTS AND THE SELECTION OF THE INDEPENDENT AUDITORS. THIS PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.