Explorer Post 247 INC EIN 56-1549132 Form 990 (PDF) Claim this org

Explorer Post 247 INC FY2020 filing

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Trains young adults for law enforcement careers through programs, competition, and service. For fiscal year 2020 it reported $325K in revenue, $291K in expenses, and $89K in net assets.Pt I

Type
Public charity (501(c)(3)) · Human Services
Location
Charlotte, NC
Filings
5 on file (2020–2020)
Revenue
$325KFY2020
Expenses
$291K
Net assets
$89K
People
10
Filings
5
Updates
0
More identity details & actions ⌄
EIN  56-1549132 Public charity (501(c)(3)) Charlotte, NC
Form 990 (PDF)
You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →
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Size
<$100K
What they do
Trains young adults for law enforcement careers through programs, competition, and service.
Leadership
Kisha Grier · Treasurer
Money in and out
$325K revenue, $291K expenses
Bottom line
100% program efficiency
Where the money goes · FY2020
Total revenue
$325K
Pt VIII · Ln 12
Total expenses
$291K
Pt IX · Ln 25
Net assets
$89K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $33K
Where spending went · Part IX cols B–D
Program services $1.00 Management & general $0.00 Fundraising $0.00
Program efficiency
100%
of spending reaches programs
Operating runway
25.3mo
months of highly liquid reserves at operating expense rate
Surplus margin
+10%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2020 · Form 990
Revenue
$325K
FY2020
Expenses
$291K
FY2020
Total assets
$89K
FY2020
Total liabilities
$0
FY2020
Total revenue
$325K
Pt VIII · Ln 12
Total expenses
$291K
Pt IX · Ln 25
Net assets
$89K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$33K
Total assetsPt X · Ln 16$89K
Program-expense ratioPt IX · col B100%
Voting members of governing bodyPt I · Ln 39
Independent voting membersPt I · Ln 49
Mission & Programs · Part III

Where the work happens

3 program services account for $291K of program spending, described in the organization's own filed words · FY2020.
01

FOOD/GIFT CARDS/BICYCLES/CHRISTMAS gifts to indigent families

$269Kprogram expense
02

Community Engagement

School supplies for children

$16Kprogram expense
03

Other scouting expense

$6Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CExplorer Post 247 INC
EINHdr · item D56-1549132
Principal addressHdr · item CCharlotte, NC
WebsiteHdr · item Jnone reported
Year of formationHdr · item Lpending
State of legal domicileHdr · item MNC
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFHuman Services (P58Z)
Ruling yearIRS BMFOct 1998

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a9
Independent voting membersPt VI · Ln 1b9
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 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
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Statement of Revenue

Part VIII
Contributions & grants100%$323K
Program service revenue$1K
Total revenueLn 12$325K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $1.00 Management & general $0.00 Fundraising $0.00
Program services100%$291K
Management & general$219
Fundraising$118
Total functional expensesLn 25$291K

Balance Sheet

Part X · end of year
CashLn 1$89K
Total assetsLn 16$89K
Total liabilitiesLn 26$0
Total net assetsLn 32$89K
Months of cash on handcomputed3.7

Financial Metrics

Form 990 · FY2020 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $89K · Operating expenses (Pt IX) $291K · Less non-cash grants $249K · Cash operating expenses/yr $42K
25.3 months
Where the money goes
Program services
Program services $291K · Total expenses $291K
100%
Management & General
Management & general $219 · Total expenses $291K
0.08%
Fundraising
Fundraising $118 · Total expenses $291K
0.04%
Cost to raise $1
Fundraising expense $118 · Solicited contributions $323K
$0.00 to raise $1
Where the money comes from
Contribution dependence
Contributions & grants $323K · Total revenue $325K
100%
Government reliance
Government grants — · Total revenue $325K
Earned-income share
Program service revenue $1K · Total revenue $325K
0.3%
Investment reliance
Investment income $0 · Total revenue $325K
0%
Program self-sufficiency
Program service revenue $1K · Total expenses $291K
0.4%
Growth & trend
Revenue growth (YoY)
This year $325K · Prior year —
No prior year on file
Net-asset trend (YoY)
End of year $89K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $325K · Expenses $291K
+10%
Liabilities-to-Assets
Total liabilities — · Total assets $89K
Net-asset ratio
Net assets $89K · Total assets $89K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $89K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Kisha Grier · Reported title TREASURER · Highest reported compensation $0 · Total expenses $291K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $291K
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 100%
Overhead ratio 0.08%
Fundraising cost ratio 0.04%

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 1 funder$15K

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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)$41K revenue · ⤓ 990 PDF
FY2023$387K revenue · ⤓ 990 PDF
FY2022$346K revenue · ⤓ 990 PDF
FY2021$321K revenue · ⤓ 990 PDF
FY2020$325K revenue · viewing · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2020IRS
Classification, formation year, addressIRS Business Master File
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