Boston Explorers INC EIN 45-3710863

Boston Explorers INC

EIN  45-3710863 Public charity (501(c)(3)) Marblehead, MA Founded 2011
Form 990 (PDF) Compare with another nonprofit →
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Size
$100K–1M
What they do
a recreation and sports nonprofit
Leadership
Natasha Wright · Executive Director
Money in and out
$314K revenue, $203K expenses
Bottom line
79% program efficiency

Boston Explorers INC is a recreation and sports nonprofit based in Marblehead, MA, formed in 2011. For fiscal year 2025 it reported $314K in revenue, $203K in expenses, and $135K in net assets.Pt I

Where the money goes · FY2025
Total revenue
$314K
Pt VIII · Ln 12
Total expenses
$203K
Pt IX · Ln 25
Net assets
$135K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $111K
Where spending went · Part IX cols B–D
Program services $0.79 Management & general $0.20 Fundraising $0.01
Program efficiency
79%
of spending reaches programs
Operating runway
19.9mo
months of highly liquid reserves at operating expense rate▲ ×18 vs prior filing year
Surplus margin
+35%
revenue over expenses, this year▲ +162% vs prior filing year

Summary of the Filing

Part I · fiscal year 2025 · Form 990
Revenue
$314K
FY2025▲ +110%
Expenses
$203K
FY2025▼ -38%
Total assets
$135K
FY2025▲ +26%
Total liabilities
$0
FY2025
Total revenue
$314K
Pt VIII · Ln 12
Total expenses
$203K
Pt IX · Ln 25
Net assets
$135K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$111K
Total assetsPt X · Ln 16$135K
Program-expense ratioPt IX · col B79%
Voting members of governing bodyPt I · Ln 34
Independent voting membersPt I · Ln 44
Mission & Programs · Part III

Where the work happens

1 program service account for $160K of program spending, described in the organization's own filed words · FY2025.
01

Our program is filled with hands-on activities, exercisebiking the Southwest corridor, walking everywhereand exploring city neighborhoods. Our aim is to provide children with an engaging experience in a secure environment that balances freedom with safety.

$160Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CBoston Explorers INC
EINHdr · item D45-3710863
Principal addressHdr · item CMarblehead, MA
WebsiteHdr · item Jwww.bostonexplorers.org
Year of formationHdr · item L2011
State of legal domicileHdr · item MMA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFRecreation & Sports (N20)
Ruling yearIRS BMFMar 2012

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a4
Independent voting membersPt VI · Ln 1b4
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Executive Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Secretaryclerk
$0Pt VII · Sec A

Alphonse Litz’s $75K as Executive Dir. is at the 81st percentile of top reported officer pay among 1018 $100K–1M recreation & sports 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

NameFY2022FY2021
Alphonse Litz$75,000$75,000

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.

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Statement of Revenue

Part VIII
Contributions & grants$306K · 98%
Program service revenue$8K · 2%
Contributions & grants98%$306K
Program service revenue2%$8K
Total revenueLn 12$314K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.79 Management & general $0.20 Fundraising $0.01
Program services79%$160K
Management & general20%$41K
Fundraising1%$2K
Total functional expensesLn 25$203K

Balance Sheet

Part X · end of year
CashLn 1$135K
Total assetsLn 16$135K
Total liabilitiesLn 26$0
Total net assetsLn 32$135K
Months of cash on handcomputed8.0

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $135K · Operating expenses (Pt IX) $203K · Less non-cash grants $121K · Cash operating expenses/yr $82K
19.9 months
Where the money goes
Program services
Program services $160K · Total expenses $203K
79%
Management & General
Management & general $41K · Total expenses $203K
20%
Fundraising
Fundraising $2K · Total expenses $203K
1%
Cost to raise $1
Fundraising expense (2-yr avg) $17K · Solicited contributions (2-yr avg) $242K
$0.07 to raise $1 (2-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $306K · Total revenue $314K
98%
Government reliance
Government grants — · Total revenue $314K
Earned-income share
Program service revenue $8K · Total revenue $314K
2%
Investment reliance
Investment income $0 · Total revenue $314K
0%
Program self-sufficiency
Program service revenue $8K · Total expenses $203K
4%
Growth & trend
Revenue growth (YoY)
This year $314K · Prior year $149K
+110%
Revenue CAGR
FY2020 $200K · FY2025 $314K
+9%
Net-asset trend (YoY)
End of year $135K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $314K · Expenses $203K
+35%
Liabilities-to-Assets
Total liabilities — · Total assets $135K
Net-asset ratio
Net assets $135K · Total assets $135K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $135K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Natasha Wright · Reported title Executive Director · Highest reported compensation $0 · Total expenses $203K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $117K · Total expenses $203K
58%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 79%
Overhead ratio 20%
Fundraising cost ratio 1%
Revenue growth 110%

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
Total grants receivedfrom 4 funders$29K
See all 4 funders →

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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
FY2025 (Latest)$314K revenue · viewing · ⤓ 990 PDF
FY2024$149K revenue · ⤓ 990 PDF
FY2023$189K revenue · ⤓ 990 PDF
FY2022$181K revenue · ⤓ 990 PDF
FY2021$434K revenue · ⤓ 990 PDF
FY2020$200K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2025IRS
Classification, formation year, addressIRS Business Master File
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