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

Explorer Post 247 INC FY2022 filing

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Trains young adults for law enforcement careers through programs, competition, and service. For fiscal year 2022 it reported $346K in revenue, $339K in expenses, and $90K in net assets.Pt I

Type
Public charity (501(c)(3)) · Human Services
Location
Charlotte, NC
Filings
5 on file (2020–2022)
Revenue
$346KFY2022
Expenses
$339K
Net assets
$90K
People
9
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 FY2022 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
Katrine Graue · Board Member
Money in and out
$346K revenue, $339K expenses
Bottom line
100% program efficiency
Where the money goes · FY2022
Total revenue
$346K
Pt VIII · Ln 12
Total expenses
$339K
Pt IX · Ln 25
Net assets
$90K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $7K
Where spending went · Part IX cols B–D
Program services $1.00 Fundraising $0.00
Program efficiency
100%
of spending reaches programs
Operating runway
16.6mo
months of highly liquid reserves at operating expense rate
Surplus margin
+2%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2022 · Form 990
Revenue
$346K
FY2022▲ +8%
Expenses
$339K
FY2022▲ +4%
Total assets
$90K
FY2022▲ +8%
Total liabilities
$0
FY2022
Total revenue
$346K
Pt VIII · Ln 12
Total expenses
$339K
Pt IX · Ln 25
Net assets
$90K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$7K
Total assetsPt X · Ln 16$90K
Program-expense ratioPt IX · col B100%
Voting members of governing bodyPt I · Ln 39
Independent voting membersPt I · Ln 49

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
Board Member
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Vice Preside
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
President
$0Pt VII · Sec A
$0Pt VII · Sec A
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Mission & Programs · Part III

Where the work happens

3 program services account for $339K of program spending, described in the organization's own filed words · FY2022.
01

BICYCLES/CHRISTMAS gifts to families that have experienced an emergency situation during the holidays.

$313Kprogram expense
02

Community Engagement

School supplies, summer camp, classes

$16Kprogram expense
03

Other scouting expense

$9Kprogram expense

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Statement of Revenue

Part VIII
Contributions & grants$343K · 99%
Program service revenue$2K · 1%
Contributions & grants99%$343K
Program service revenue1%$2K
Total revenueLn 12$346K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $1.00 Fundraising $0.00
Program services100%$339K
Fundraising$237
Total functional expensesLn 25$339K

Balance Sheet

Part X · end of year
CashLn 1$90K
Total assetsLn 16$90K
Total liabilitiesLn 26$0
Total net assetsLn 32$90K
Months of cash on handcomputed3.2

Financial Metrics

Form 990 · FY2022 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $90K · Operating expenses (Pt IX) $339K · Less non-cash grants $274K · Cash operating expenses/yr $65K
16.6 months
Where the money goes
Program services
Program services $339K · Total expenses $339K
100%
Management & General
Management & general $0 · Total expenses $339K
0%
Fundraising
Fundraising $237 · Total expenses $339K
0.07%
Cost to raise $1
Fundraising expense (3-yr avg) $174 · Solicited contributions (3-yr avg) $328K
$0.00 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $343K · Total revenue $346K
99%
Government reliance
Government grants — · Total revenue $346K
Earned-income share
Program service revenue $2K · Total revenue $346K
0.7%
Investment reliance
Investment income $0 · Total revenue $346K
0%
Program self-sufficiency
Program service revenue $2K · Total expenses $339K
0.7%
Growth & trend
Revenue growth (YoY)
This year $346K · Prior year $321K
+8%
Net-asset trend (YoY)
End of year $90K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $346K · Expenses $339K
+2%
Liabilities-to-Assets
Total liabilities — · Total assets $90K
Net-asset ratio
Net assets $90K · Total assets $90K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $90K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Katrine Graue · Reported title BOARD MEMBER · Highest reported compensation $0 · Total expenses $339K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $339K
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 100%
Overhead ratio 0%
Fundraising cost ratio 0.07%
Revenue growth 8%

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 · viewing · ⤓ 990 PDF
FY2021$321K revenue · ⤓ 990 PDF
FY2020$325K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2022IRS
Classification, formation year, addressIRS Business Master File
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