Explorations Preparatory School FY2022 filing

Lewisville, TXUnknown exempt organization EIN 16-1639676Revenue $893K in FY2022Latest return filed Nov 15, 2024

On file with the IRSexplorationsprep.orgLewisville, TX

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Explorations Preparatory School is a sacs-casi accredited, private School in lewisville, TX serving students from pre-k through 6th grade using an innovative and challenging theme-based science and math centered curriculum.

Form 990 Part I, line 1, FY2022. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 16-1639676) · Dispute this line
100¢ of each $1 spent went to programs.
$63K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Programs: Part IX · Pay: Part VII

Before you give

FY2022 · Form 990Independent: from IRS data, not the org
Download 990
Latest return
FY2023
latest Form 990
The latest return is for FY2023, 3 tax years back.
IRS e-file · Filing history
Surplus or deficit
3 of 3
filings with a surplus
Average surplus $127K a year · 14% of revenue · last 3 filings
A surplus in 3 of the last 3 filings.
Pt I · Ln 19 · 3 filings
Spent on programs
100%
of spending
100% of spending went to programs.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$63K
to officers and key staff · 7% of spending
Pay to officers and key staff is 7% of spending.
Part VII, Section A
7.8 mo
of spending, in cash
7.8 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $82
1 funder names it on their filings.
Funders’ Sch. I, 990-PF
Liabilities
$158K
16% of total assets
Liabilities are 16% of assets.
Pt X · Ln 26
Independent board members
0
of 9 voting members
None of 9 voting members are independent.
Pt VI · Ln 1a–1b
Revenue
$893K
-16% vs prior year
Spent
$843K
To programs
100%
Net assets
$811K
By yearFY2020–FY2023
Revenue
$893K
FY2022▼ -16%
Tap a bar for its year
Revenue by fiscal year
FY2020$870K
FY2021$1.1M
FY2022$893K
FY2023$21K
Expenses
$843K
FY2022▲ +8%
Tap a bar for its year
Expenses by fiscal year
FY2020$814K
FY2021$782K
FY2022$843K
FY2023Not on file
Net assets
$811K
FY2022▲ +6%
Tap a bar for its year
Net assets by fiscal year
FY2020$486K
FY2021$762K
FY2022$811K
FY2023$0

From the FY2022 Form 990 · see the original

You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2023) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2023.

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

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $843K

Form 990 Part IX, line 25. Every line is in By the numbers.

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Who runs it and what they're paid

9 people listed on the 990; $63K paid to officers and key staff (Part VII, Section A).

Part VII, Section A · reportable compensation
Asst. Principal
$63,000Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
V-Chair, Treas
$0Pt VII · Sec A

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2022FY2021FY2020
Deana Jullie$63,000$57,533$48,667
Carolyn Murtoff Hart—$35,333$53,000

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.

See Explorations Preparatory School executive salaries →

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 15aNo

Programs and updates

Educates pre-K through 6th graders using a challenging, theme-based science and math curriculum.

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1 program · $843K · in their own filed words · FY2022
01

Education services were provided for approximately 70 children during the school year, who overall scored in the top 1.7% in itbs test scores nationwide. After-school care is also available for students, if needed.

Form 990 Part III, line 4, FY2022. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 16-1639676) · Dispute this line
$843Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · funders on record
Grants received · FY2023
Total grants receivedfrom 1 funder$82

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$893K
Ln 12
Fees for servicesLn 2g$864K
Gifts and grantsLn 1h$28K
Investment incomeLn 3$20
Money outPt IX
$843K
Ln 25
Programscol B$843K
Owns and owesPt X
$811K
net assets · Ln 32
Cash and savingsLn 1–2$551K
Total assetsLn 16$969K
LiabilitiesLn 26$158K
PeoplePt VI, VII
9
listed · VII A
PaidVII A1
Voting boardVI 1a9
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$28K
Fees for servicesLn 2g$864K
Investment incomeLn 3$20
Gains on assetsLn 7$0
Total revenueLn 12$893K
Assets in detailPt X, end of year
CashLn 1$551K
Cash and savings togetherLn 1–2$551K
Accounts receivableLn 4$104K
Prepaid expenses and deferred chargesLn 9$20
Land, buildings, equipmentLn 10c$311K
Other assetsLn 15$3K
Total assetsLn 16$969K
LiabilitiesLn 26$158K
Net assetsLn 32$811K
OperationsPt I, VI
EmployeesI 518
VolunteersI 640
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$574K$551K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$241K$311K
Total assetsLn 16$923K$969K
LiabilitiesLn 26$161K$158K
Net assetsLn 32$762K$811K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of officers and key staff (Part IX, line 5)Ln 5$63K$63K
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$509K$509K
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$0
Payroll taxesLn 10$47K$47K
Management feesLn 11a$0
Legal feesLn 11b$2K$2K
Accounting feesLn 11c$16K$16K
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$300$300
Advertising and promotionLn 12$10K$10K
Office expensesLn 13$21K$21K
Information technologyLn 14$0
RoyaltiesLn 15$0
OccupancyLn 16$84K$84K
TravelLn 17$0
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$0
InterestLn 20$0
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$15K$15K
InsuranceLn 23$10K$10K
Other expenses (24a–d)Ln 24$49K$49K
All other expensesLn 24e$17K$17K
Total functional expensesLn 25$843K$843K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2023 LatestFiled with the IRS Nov 15, 2024 $21K$0 990 PDF
FY2022 ViewingFiled with the IRS Nov 15, 2023 $893K$843K$49K$811K 990 PDF
FY2021Filed with the IRS Nov 15, 2022 $1.1M$782K$276K$762K 990 PDF
FY2020Filed with the IRS Nov 12, 2021 $870K$814K$56K$486K 990 PDF

Schedules filed Part IV

I · Grants O · Explanations
See the full FY2022 990
Part I · Summary $892,564 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $323,227$28,217
I-9 Program service revenuePrior year $734,696$864,327
I-10 Investment income$20
I-11 Other revenue$0
I-12 Total revenuePrior year $1,057,923$892,564
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $608,765$618,819
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $173,090$224,636
I-18 Total expensesPrior year $781,855$843,455
I-19 Revenue less expensesPrior year $276,068$49,109
Part VI · Governance 0 of 9 board members independent, 3 to look at
VI-1a Voting members of the governing body9
VI-1b Independent voting members0
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
Part VIII · Statement of revenue $892,564 across 9 lines filed
VIII-1f All other contributions, gifts and grants$28,217
VIII-1h Total contributions, gifts and grants$28,217
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $864,327$864,327
VIII-3 Investment incomeRelated to mission $20$20
VIII-5 Royalties$0
VIII-6 Net rental income or loss$0
VIII-7 Net gain or loss on sales of assets$0
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueRelated to mission $864,347$892,564
Part IX · Statement of functional expenses $843,455 across 31 lines filed
IX-1 Grants to domestic organizations$0
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of officers and key staff (Part IX, line 5)Programs $63,000$63,000
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wagesPrograms $509,121$509,121
IX-8 Pension plan contributions$0
IX-9 Other employee benefits$0
IX-10 Payroll taxesPrograms $46,698$46,698
IX-11a Management fees$0
IX-11b Legal feesPrograms $2,100$2,100
IX-11c Accounting feesPrograms $16,457$16,457
IX-11d Lobbying fees$0
IX-11f Investment management fees$0
IX-11g Other fees for servicesPrograms $300$300
IX-12 Advertising and promotionPrograms $9,605$9,605
IX-13 Office expensesPrograms $21,264$21,264
IX-14 Information technology$0
IX-15 Royalties$0
IX-16 OccupancyPrograms $84,067$84,067
IX-17 Travel$0
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$0
IX-20 Interest$0
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortizationPrograms $14,797$14,797
IX-23 InsurancePrograms $10,435$10,435
IX-24 Other expenses (24a–d)Programs $48,524$48,524
IX-24e All other expensesPrograms $17,087$17,087
IX-25 Total functional expensesPrograms $843,455 · Management $0 · Fundraising $0$843,455
Part X · Balance sheet $969,067 assets, 22 lines filed
X-1 Cash, non-interest-bearingStart of year $573,958$551,117
X-2 Savings and temporary cash investments$0
X-3 Pledges and grants receivable$0
X-4 Accounts receivableStart of year $104,715$104,321
X-5 Loans to officers and key people$0
X-6 Loans to other insiders$0
X-7 Notes and loans receivable$0
X-8 Inventories for sale or use$0
X-9 Prepaid expenses and deferred chargesStart of year $20$20
X-10c Land, buildings and equipment, netStart of year $241,338$310,984
X-11 Publicly traded securities$0
X-12 Other securities$0
X-13 Program-related investments$0
X-14 Intangible assets$0
X-15 Other assetsStart of year $2,625$2,625
X-16 Total assetsStart of year $922,656$969,067
X-17 Accounts payable and accrued expensesStart of year $1,053$276
X-25 Other liabilitiesStart of year $159,900$157,979
X-26 Total liabilitiesStart of year $160,953$158,255
X-31 Retained earnings or endowmentStart of year $761,703$810,812
X-32 Total net assets or fund balancesStart of year $761,703$810,812
X-33 Total liabilities and net assetsStart of year $922,656$969,067
Part XI · Reconciliation of net assets $810,812 net assets at year end
XI-1 Total revenue$892,564
XI-2 Total expenses$843,455
XI-3 Revenue less expenses$49,109
XI-4 Net assets at start of year$761,703
XI-10 Net assets at end of year$810,812

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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