Explorer Preschool INC FY2021 filing

Tax-deductible

San Jose, CA501(c)(3)Since 1960EducationEIN 94-1483367Revenue $284K in FY2021

On file with the IRSexplorerpreschool.org2700 Booksin Ave, 95125-4853 · San Jose, CATax-exempt since Dec 1967School — 170(b)(1)(A)(ii)

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Providing Preschool education.

501(c)(3) charity; gifts are tax-deductible.
100¢ of each $1 spent went to programs.
$512 paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2021 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 6
filings with a surplus
Average surplus $56K a year · 14% of revenue · last 6 filings
Fine: a surplus in 5 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$512
to officers and key staff · 0.2% of spending
Looks good: pay to officers and key staff is 0% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
34 mo
of spending, in cash
Looks good: 34.5 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
3
named funders · $13K
Looks good: 3 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$127K
16% of total assets
Looks good: liabilities are 16% of assets; 50% or less.
Pt X · Ln 26
Independent board members
12
of 12 voting members
Looks good: 12 of 12 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$284K
+6% vs prior year
Spent
$256K
To programs
100%
Net assets
$644K
By yearFY2020–FY2025
Revenue
$284K
FY2021▲ +6%
Tap a bar for its year
Revenue by fiscal year
FY2020$267K
FY2021$284K
FY2022$439K
FY2023$393K
FY2024$462K
FY2025$469K
Expenses
$256K
FY2021▼ -5%
Tap a bar for its year
Expenses by fiscal year
FY2020$271K
FY2021$256K
FY2022$288K
FY2023$340K
FY2024$395K
FY2025$431K
Net assets
$644K
FY2021▲ +5%
Tap a bar for its year
Net assets by fiscal year
FY2020$615K
FY2021$644K
FY2022$795K
FY2023$848K
FY2024$915K
FY2025$958K

From the FY2021 Form 990 (year ending June 2021) · see the original

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You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Dec 1967.

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% · $256K

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

13 people listed on the 990; $512 paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
Health and Safety
$512Pt VII · Sec A
Parent Education
$0Pt VII · Sec A
Maintenance
$0Pt VII · Sec A
Business Manager
$0Pt VII · Sec A
Scvc Representative
$0Pt VII · Sec A
$0Pt VII · Sec A
Publicity
$0Pt VII · Sec A
Membership
$0Pt VII · Sec A

Liz Levy’s $512 as Health and Safety is at the 0th percentile of top reported officer pay among 1613 $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.

See Explorer Preschool INC executive salaries →

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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 15aYes

Programs and updates

Parents cooperatively run a preschool for about 100 families.

Questions for Explorer Preschool INC

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Provided by the organization

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1 program · $256K · in their own filed words · FY2020
01

Providing preschool education.

$256Kprogram 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 · FY2024
Total grants receivedfrom 3 funders$13K
See all 3 funders →

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$284K
Ln 12
Fees for servicesLn 2g$210K
Gifts and grantsLn 1h$74K
Investment incomeLn 3$459
Money outPt IX
$256K
Ln 25
Programscol B$256K
Owns and owesPt X
$644K
net assets · Ln 32
Cash and savingsLn 1–2$736K
Total assetsLn 16$770K
LiabilitiesLn 26$127K
PeoplePt VI, VII
13
listed · VII A
PaidVII A1
Voting boardVI 1a12
IndependentVI 1b12
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$74K
Government grantsLn 1e$55K
Fundraising eventsLn 1c$19K
Fees for servicesLn 2g$210K
Investment incomeLn 3$459
Total revenueLn 12$284K
Assets in detailPt X, end of year
CashLn 1$201K
SavingsLn 2$535K
Cash and savings togetherLn 1–2$736K
Land, buildings, equipmentLn 10c$25K
Total assetsLn 16$770K
LiabilitiesLn 26$127K
Net assetsLn 32$644K
OperationsPt I, VI
EmployeesI 510
VolunteersI 6150
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$660K$736K
Land, buildings, equipmentLn 10c$30K$25K
Total assetsLn 16$698K$770K
LiabilitiesLn 26$83K$127K
Net assetsLn 32$615K$644K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$156K$156K
Pension plan contributionsLn 8$6K$6K
Other employee benefitsLn 9$2K$2K
Payroll taxesLn 10$12K$12K
Legal feesLn 11b$99$99
Accounting feesLn 11c$6K$6K
Other fees for servicesLn 11g$2K$2K
Advertising and promotionLn 12$2K$2K
Office expensesLn 13$4K$4K
Information technologyLn 14$3K$3K
OccupancyLn 16$37K$37K
Depreciation, depletion and amortizationLn 22$6K$6K
InsuranceLn 23$4K$4K
All other expensesLn 24e$14K$14K
Total functional expensesLn 25$256K$256K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $469K$431K$38K$958K 990 PDF
FY2024 $462K$395K$67K$915K 990 PDF
FY2023 $393K$340K$53K$848K 990 PDF
FY2022 $439K$288K$152K$795K 990 PDF
FY2021 Viewing $284K$256K$28K$644K 990 PDF
FY2020 $267K$271K−$4K$615K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2021 990 (6 parts)
Part I · Summary $283,935 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $41,053$73,532
I-9 Program service revenuePrior year $224,443$209,944
I-10 Investment incomePrior year $1,422$459
I-11 Other revenue$0
I-12 Total revenuePrior year $266,918$283,935
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $190,454$175,693
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $80,115$80,376
I-18 Total expensesPrior year $270,569$256,069
I-19 Revenue less expensesPrior year −$3,651$27,866
Part VI · Governance 12 of 12 board members independent, 3 to look at
VI-1a Voting members of the governing body12
VI-1b Independent voting members12
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $283,935 across 6 lines filed
VIII-1c Fundraising events$18,552
VIII-1e Government grants$54,980
VIII-1h Total contributions, gifts and grants$73,532
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $209,944$209,944
VIII-3 Investment incomeRelated to mission $459$459
VIII-12 Total revenueRelated to mission $210,403 · Unrelated business $0 · Excluded from tax $0$283,935
Part IX · Statement of functional expenses $256,069 across 14 lines filed
IX-7 Other salaries and wagesPrograms $156,174$156,174
IX-8 Pension plan contributionsPrograms $5,502$5,502
IX-9 Other employee benefitsPrograms $2,070$2,070
IX-10 Payroll taxesPrograms $11,947$11,947
IX-11b Legal feesPrograms $99$99
IX-11c Accounting feesPrograms $6,450$6,450
IX-11g Other fees for servicesPrograms $2,388$2,388
IX-12 Advertising and promotionPrograms $2,364$2,364
IX-13 Office expensesPrograms $4,486$4,486
IX-14 Information technologyPrograms $2,943$2,943
IX-16 OccupancyPrograms $37,400$37,400
IX-22 Depreciation, depletion and amortizationPrograms $5,994$5,994
IX-23 InsurancePrograms $3,958$3,958
IX-24e All other expensesPrograms $14,294$14,294
IX-25 Total functional expensesPrograms $256,069 · Management $0 · Fundraising $0$256,069
Part X · Balance sheet $770,382 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $659,742$200,511
X-2 Savings and temporary cash investments$535,102
X-9 Prepaid expenses and deferred chargesStart of year $7,656$9,639
X-10c Land, buildings and equipment, netStart of year $30,417$25,130
X-16 Total assetsStart of year $697,815$770,382
X-17 Accounts payable and accrued expensesStart of year $82,776$126,879
X-26 Total liabilitiesStart of year $82,776$126,879
X-27 Net assets without donor restrictionsStart of year $615,039$643,503
X-32 Total net assets or fund balancesStart of year $615,039$643,503
X-33 Total liabilities and net assetsStart of year $697,815$770,382
Part XI · Reconciliation of net assets $643,503 net assets at year end
XI-1 Total revenue$283,935
XI-2 Total expenses$256,069
XI-3 Revenue less expenses$27,866
XI-4 Net assets at start of year$615,039
XI-8 Prior period adjustments$598
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$643,503

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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