Exploration School INC: Nonprofit Profile, Financials & Form 990 (EIN 04-2601469)

Revenue by fiscal year
FY2020	$1.6M
FY2021	$12.3M
FY2022	$10.0M
FY2023	$7.8M
FY2024	$7.6M
FY2025	$4.0M

Expenses by fiscal year
FY2020	$7.9M
FY2021	$12.2M
FY2022	$11.8M
FY2023	$12.0M
FY2024	$12.4M
FY2025	$5.7M

Net assets by fiscal year
FY2020	$23.6M
FY2021	$24.9M
FY2022	$18.1M
FY2023	$15.0M
FY2024	$11.5M
FY2025	$9.6M

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Feb 1977.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

89 cents of each dollar spent went to programs.

89%

Program services 89% · $5.1M Management & general 11% · $655K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

16 people listed on the 990; $1.3M paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII

Moira Kelly

President

$341,848Pt VII · Sec A

John Peters

Founding Partner - Elevate

$216,012Pt VII · Sec A

Robin Staley

VP of Customer Engagement

$212,296Pt VII · Sec A

Amy Robbins

Business Manager

$207,327Pt VII · Sec A

Wendy Willrich

Director of Special Programs

$179,889Pt VII · Sec A

Natasha Padilla-Goddard

Program Head

$154,007Pt VII · Sec A

Rekha Murthy

Trustee

$0Pt VII · Sec A

Adam Newman

Trustee

$0Pt VII · Sec A

Compensation history total reportable pay by year · 8 named individuals · Part VII

Name	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020
Moira Kelly	$341,848	$330,198	$319,658	$330,481	$301,145	$293,145
Dave Krijger	—	—	—	—	$245,830	—
John Peters	$216,012	$209,725	$197,945	$172,262	—	—
Robin Staley	$212,296	$193,063	—	—	—	—
Amy Robbins	$207,327	$195,778	$187,992	$153,081	$149,602	$141,678
Mark Greenlaw	—	—	—	—	$203,065	—
Wendy Willrich	$179,889	—	—	—	—	—
Chandervesh Yadav	—	—	$171,876	$163,683	—	—

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

Family or business ties among officersPt VI · Ln 2No
Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Operates summer programs for diverse students and helps schools innovate learning environments.

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Provided by the organization

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1 program · $5.1M · in their own filed words · FY2024

01

Exploration enrolled students from across the U.S. And internationally to engage in courses, workshops, activities, and trips where they discovered the world of people and ideas, experienced the joy of learning and cultural appreciation.

$5.1Mprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid

Grants received · FY2023

Donor Advised Charitable Giving INCFY2023$6K

Amazonsmile FoundationFY2023$36

Total grants receivedfrom 2 funders$6K

Grants paid · 7 grants · $2.2M · 2019–2024

Unitemized GrantFY2024$37,985

Unitemized GrantFY2023$502,960

Unitemized GrantFY2022$311,370

Unitemized GrantFY2021$193,090

Unitemized GrantFY2020$463,828

Unitemized GrantFY2019$167,400

By the numbers

The FY2025 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$4.0M

Ln 12

Fees for servicesLn 2g$2.7M

Investment incomeLn 3$1.2M

Gifts and grantsLn 1h$27K

Money outPt IX

$5.7M

Ln 25

Programscol B$5.1M

Managementcol C$655K

Owns and owesPt X

$9.6M

net assets · Ln 32

Cash and savingsLn 1–2$1.3M

Total assetsLn 16$11.0M

LiabilitiesLn 26$1.4M

PeoplePt VI, VII

16

listed · VII A

PaidVII A6

Voting boardVI 1a10

IndependentVI 1b10

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$27K

Fees for servicesLn 2g$2.7M

Investment incomeLn 3$1.2M

Other incomeLn 4–11$3K

Gains on assetsLn 7$836K

Total revenueLn 12$4.0M

Assets in detailPt X, end of year

CashLn 1$136K

SavingsLn 2$1.1M

Cash and savings togetherLn 1–2$1.3M

InvestmentsLn 11–13$9.4M

Land, buildings, equipmentLn 10c$0

Other assetsLn 15$65K

Total assetsLn 16$11.0M

LiabilitiesLn 26$1.4M

Net assetsLn 32$9.6M

OperationsPt I, VI

EmployeesI 5236

VolunteersI 612

Fiscal year endsHeaderAugust

Conflict-of-interest policyVI 12aYes

Whistleblower policyVI 13Yes

Records policyVI 14Yes

3Year over year

Balance sheet, start vs end of yearPt X · col A, B

Line	Start FY25	End FY25
Cash and savingsLn 1–2	$1.2M	$1.3M
InvestmentsLn 11–13	$10.4M	$9.4M
Land, buildings, equipmentLn 10c	$3.2M	$0
Total assetsLn 16	$15.3M	$11.0M
LiabilitiesLn 26	$3.8M	$1.4M
Net assetsLn 32	$11.5M	$9.6M

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Grants to domestic individualsLn 2	$38K	$38K
Grants and assistance to foreign recipientsLn 3	$2K	$2K
Pay of current officers, directors and key staffLn 5	$739K	$580K	$159K
Other salaries and wagesLn 7	$2.3M	$2.2M	$128K
Pension plan contributionsLn 8	$87K	$86K	$1K
Other employee benefitsLn 9	$83K	$78K	$4K
Payroll taxesLn 10	$240K	$206K	$34K
Management feesLn 11a	$118K	$90K	$27K
Legal feesLn 11b	$16K	$8K	$8K
Accounting feesLn 11c	$28K		$28K
Investment management feesLn 11f	$75K		$75K
Advertising and promotionLn 12	$363K	$363K
Office expensesLn 13	$95K	$93K	$2K
OccupancyLn 16	$93K	$83K	$9K
TravelLn 17	$3K	$2K	$213
Conferences, conventions and meetingsLn 19	$10K	$10K	$706
InterestLn 20	$120K	$107K	$13K
Depreciation, depletion and amortizationLn 22	$69K	$61K	$7K
InsuranceLn 23	$294K	$267K	$26K
Other expenses (24a–d)Ln 24	$621K	$620K	$823
All other expensesLn 24e	$321K	$190K	$131K
Total functional expensesLn 25	$5.7M	$5.1M	$655K	$0

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2025 Latest Viewing	$4.0M	$5.7M	−$1.8M	$9.6M	990 PDF
FY2024	$7.6M	$12.4M	−$4.8M	$11.5M	990 PDF
FY2023	$7.8M	$12.0M	−$4.2M	$15.0M	990 PDF
FY2022	$10.0M	$11.8M	−$1.7M	$18.1M	990 PDF
FY2021	$12.3M	$12.2M	$108K	$24.9M	990 PDF
FY2020	$1.6M	$7.9M	−$6.3M	$23.6M	990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support J · Pay O · Explanations

See the full FY2025 990 (6 parts)

Part I · Summary $3,967,207 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $25,186$26,558

I-9 Program service revenuePrior year $7,089,618$2,726,132

I-10 Investment incomePrior year $431,904$1,211,103

I-11 Other revenuePrior year $17,809$3,414

I-12 Total revenuePrior year $7,564,517$3,967,207

I-13 Grants and similar amounts paidPrior year $542,410$40,285

I-14 Benefits paid to membersPrior year $0$0

I-15 Salaries and benefitsPrior year $6,222,796$3,464,169

I-16a Professional fundraising feesPrior year $0$0

I-17 Other expensesPrior year $5,628,309$2,224,246

I-18 Total expensesPrior year $12,393,515$5,728,700

I-19 Revenue less expensesPrior year −$4,828,998−$1,761,493

Part VI · Governance 10 of 10 board members independent, no flags

VI-1a Voting members of the governing body10

VI-1b Independent voting members10

VI-2 Family or business relationship among officers or directorsNo

VI-12a Written conflict of interest policyYes

VI-13 Written whistleblower policyYes

VI-14 Document retention and destruction policyYes

VI-15a Process for setting top official's payYes

Part VIII · Statement of revenue $3,967,207 across 7 lines filed

VIII-1f All other contributions, gifts and grants$26,558

VIII-1h Total contributions, gifts and grants$26,558

VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $2,726,132$2,726,132

VIII-3 Investment incomeExcluded from tax $375,354$375,354

VIII-6 Net rental income or lossExcluded from tax $3,414$3,414

VIII-7 Net gain or loss on sales of assetsRelated to mission $425,418 · Excluded from tax $410,331$835,749

VIII-12 Total revenueRelated to mission $3,151,550 · Unrelated business $0 · Excluded from tax $789,099$3,967,207

Part IX · Statement of functional expenses $5,728,700 across 21 lines filed

IX-2 Grants to domestic individualsPrograms $37,985$37,985

IX-3 Grants and assistance to foreign recipientsPrograms $2,300$2,300

IX-5 Pay of current officers, directors and key staffPrograms $580,032 · Management $159,220$739,252

IX-7 Other salaries and wagesPrograms $2,187,105 · Management $128,311$2,315,416

IX-8 Pension plan contributionsPrograms $85,618 · Management $1,317$86,935

IX-9 Other employee benefitsPrograms $78,446 · Management $4,097$82,543

IX-10 Payroll taxesPrograms $206,378 · Management $33,645$240,023

IX-11a Management feesPrograms $90,383 · Management $27,124$117,507

IX-11b Legal feesPrograms $7,927 · Management $7,927$15,854

IX-11c Accounting feesManagement $27,500$27,500

IX-11f Investment management feesManagement $75,413$75,413

IX-12 Advertising and promotionPrograms $363,334$363,334

IX-13 Office expensesPrograms $93,050 · Management $1,555$94,605

IX-16 OccupancyPrograms $83,289 · Management $9,254$92,543

IX-17 TravelPrograms $2,296 · Management $213$2,509

IX-19 Conferences, conventions and meetingsPrograms $9,738 · Management $706$10,444

IX-20 InterestPrograms $106,970 · Management $12,728$119,698

IX-22 Depreciation, depletion and amortizationPrograms $61,304 · Management $7,295$68,599

IX-23 InsurancePrograms $267,444 · Management $26,288$293,732

IX-24 Other expenses (24a–d)Programs $620,282 · Management $823$621,105

IX-24e All other expensesPrograms $190,214 · Management $131,189$321,403

IX-25 Total functional expensesPrograms $5,074,095 · Management $654,605 · Fundraising $0$5,728,700

Part X · Balance sheet $10,956,893 assets, 14 lines filed

X-1 Cash, non-interest-bearingStart of year $395,295$136,279

X-2 Savings and temporary cash investmentsStart of year $769,720$1,147,518

X-4 Accounts receivableStart of year $228,655$63,259

X-9 Prepaid expenses and deferred chargesStart of year $240,837$142,606

X-10c Land, buildings and equipment, netStart of year $3,179,588$0

X-11 Publicly traded securitiesStart of year $10,359,208$9,401,943

X-15 Other assetsStart of year $136,419$65,288

X-16 Total assetsStart of year $15,309,722$10,956,893

X-17 Accounts payable and accrued expensesStart of year $972,588$764,488

X-26 Total liabilitiesStart of year $3,814,024$1,353,218

X-27 Net assets without donor restrictionsStart of year $11,425,051$9,529,674

X-28 Net assets with donor restrictionsStart of year $70,647$74,001

X-32 Total net assets or fund balancesStart of year $11,495,698$9,603,675

X-33 Total liabilities and net assetsStart of year $15,309,722$10,956,893

Part XI · Reconciliation of net assets $9,603,675 net assets at year end

XI-1 Total revenue$3,967,207

XI-2 Total expenses$5,728,700

XI-3 Revenue less expenses−$1,761,493

XI-4 Net assets at start of year$11,495,698

XI-5 Net unrealized gains (losses) on investments−$130,530

XI-9 Other changes in net assets$0

XI-10 Net assets at end of year$9,603,675

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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