Explore Mars INC EIN 27-1811686

Explore Mars INC FY2021 filing

EIN  27-1811686 Public charity (501(c)(3)) Washington, DC
Form 990 (PDF)
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Size
$100K–1M
What they do
Educates the public about Mars and promotes its scientific exploration and settlement.
Leadership
Christopher Carberry · CEO · $108K
Money in and out
$373K revenue, $320K expenses
Bottom line
69% program efficiency

Educates the public about Mars and promotes its scientific exploration and settlement. For fiscal year 2021 it reported $373K in revenue, $320K in expenses, and $-3K in net assets.Pt I

Where the money goes · FY2021
Total revenue
$373K
Pt VIII · Ln 12
Total expenses
$320K
Pt IX · Ln 25
Net assets
$-3K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $52K
Where spending went · Part IX cols B–D
Program services $0.69 Management & general $0.27 Fundraising $0.05
Program efficiency
69%
of spending reaches programs
Operating runway
2.2mo
months of highly liquid reserves at operating expense rate
Surplus margin
+14%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2021 · Form 990
Revenue
$373K
FY2021
Expenses
$320K
FY2021
Total assets
$60K
FY2021
Total liabilities
$63K
FY2021
Total revenue
$373K
Pt VIII · Ln 12
Total expenses
$320K
Pt IX · Ln 25
Net assets
$-3K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$52K
Total assetsPt X · Ln 16$60K
Program-expense ratioPt IX · col B69%
Voting members of governing bodyPt I · Ln 310
Independent voting membersPt I · Ln 410
Mission & Programs · Part III

Where the work happens

3 program services account for $220K of program spending, described in the organization's own filed words · FY2021.
01

Humans to Mars Summit (h2m 2021)

H2M, which is usually an in-person conference, was a virtual conference in 2021 because of the pandemic. The conference successfully advanced dialog regarding mars mission architecture and science, innovations that can benefit earth, diversity and inclusivity in the space industry, and stem education.

$123Kprogram expense
02

Eighth Mars Achievability and Sustainability Workshop (amviii)

The virtual amviii took place on june 1-3, 2021. This workshop assembles approximately 70 experts in mars and lunar architecture, science, and policy to find consensus on a sustainable campaign of missions to the moon and mars.

$59Kprogram expense
03

Mars Innovation Formum (mar-If)

Mars-if took place on may 25-27, 2021. This virtual conference assembled technology innovators, space professionals, and entrepreneurs to discuss innovations that are required for sustainability on mars, but can also benefit quality of life on earth.

$37Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CExplore Mars INC
EINHdr · item D27-1811686
Principal addressHdr · item CWashington, DC
WebsiteHdr · item Jwww.exploremars.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MDC
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFEducation (B82)
Ruling yearIRS BMFApr 2021

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a10
Independent voting membersPt VI · Ln 1b10
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$107,500Pt VII · Sec A
Exec. Vice President
$0Pt VII · Sec A
Vice President for Policy
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
President
$0Pt VII · Sec A
$0Pt VII · Sec A

Christopher Carberry’s $120K as CEO is at the 90th percentile of top reported officer pay among 1616 $100K–1M education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2024FY2023FY2022FY2021
Christopher Carberry$120,250$115,500$113,983$107,500

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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Statement of Revenue

Part VIII
Contributions & grants$359K · 96%
Program service revenue$13K · 4%
Contributions & grants96%$359K
Program service revenue4%$13K
— government grantsLn 1e$36K
Total revenueLn 12$373K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.69 Management & general $0.27 Fundraising $0.05
Program services69%$220K
Management & general27%$85K
Fundraising5%$15K
Total functional expensesLn 25$320K

Balance Sheet

Part X · end of year
CashLn 1$59K
Total assetsLn 16$60K
Total liabilitiesLn 26$63K
Total net assetsLn 32$-3K
Months of cash on handcomputed2.2

Financial Metrics

Form 990 · FY2021 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $59K · Operating expenses/yr $320K
2.2 months
Where the money goes
Program services
Program services $220K · Total expenses $320K
69%
Management & General
Management & general $85K · Total expenses $320K
27%
Fundraising
Fundraising $15K · Total expenses $320K
5%
Cost to raise $1
Fundraising expense $15K · Solicited contributions $324K
$0.05 to raise $1
Where the money comes from
Contribution dependence
Contributions & grants $359K · Total revenue $373K
96%
Government reliance
Government grants $36K · Total revenue $373K
10%
Earned-income share
Program service revenue $13K · Total revenue $373K
4%
Investment reliance
Investment income $0 · Total revenue $373K
0%
Program self-sufficiency
Program service revenue $13K · Total expenses $320K
4%
Growth & trend
Revenue growth (YoY)
This year $373K · Prior year —
No prior year on file
Net-asset trend (YoY)
End of year $-3K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $373K · Expenses $320K
+14%
Liabilities-to-Assets
Total liabilities — · Total assets $60K
Net-asset ratio
Net assets $-3K · Total assets $60K
-5%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $60K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Christopher Carberry · Reported title CEO · Highest reported compensation $108K · Total expenses $320K
34%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $211K · Total expenses $320K
66%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 69%
Overhead ratio 27%
Fundraising cost ratio 4%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2024

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$441K revenue · ⤓ 990 PDF
FY2023$346K revenue · ⤓ 990 PDF
FY2022$495K revenue · ⤓ 990 PDF
FY2021$373K revenue · viewing · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2021IRS
Classification, formation year, addressIRS Business Master File
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