Nonprofit · EIN 47-1720796
EXPLORE ACADEMY FOUNDATION
Tax-exempt · ALBUQUERQUE, NM 87109
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2023 | 990 | $2,554,020 | $3,025,998 | -$471,978 | $34,428,362 | $39,044,800 | -$4,616,438 |
Financial details: 990 for the year ended June 30, 2023
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $2,114,688
- Investment income
- $439,332
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Depreciation
- $462,123
- Program services (functional)
- $3,025,998
Balance sheet and other
- Total assets, start of year
- $34,734,818
- Total assets, end of year
- $34,428,362
- Total liabilities, end of year
- $39,044,800
- Net assets, end of year
- -$4,616,438
- Land, buildings and equipment
- $22,693,318
- Gross receipts
- $2,554,020
- Employees
- 0
- Volunteers
- 2
- Year formed
- 2014
- State of legal domicile
- NM
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2023, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| JUSTIN BAIARDO | PRESIDENT/CHAIR Trustee or director, Officer | 2 | $0 | $121,920 | $35,175 |
| MELANIE AVGERAKIS | SECRETARY Trustee or director, Officer | 1 | $0 | $0 | $0 |
| DANIELE KNEE | TREASURER Trustee or director, Officer | 1 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 5100 MASTHEAD ST NE, ALBUQUERQUE, NM 87109-4366
- In care of
- % KATRINA LUM
- Mailing address (990-N for 2016)
- 5100 Masthead Street NE, Albuquerque NM 87109
- Principal officer (990 for 2022)
- JUSTIN BAIARDO, 5100 MASTHEAD ST NE, ALBUQUERQUE, NM 87109
- Principal officer (990-N for 2016)
- Justin Baiardo, 5100 Masthead Street NE, Albuquerque NM 87109
- Signed the 990
- JUSTIN BAIARDO, PRESIDENT
- Phone
- (505) 305-5300
- Website
- WWW.EXPLORE.ACADEMY/ABQ
- Return prepared by
- CLIFTONLARSONALLEN LLP
Mission
TO SUPPORT THE MISSION AND ACTIVITIES OF EXPLORE ACADEMY CHARTER SCHOOL, A NEW MEXICO GOVERNMENTAL AUTHORIZED CHARTER SCHOOL.
Program accomplishments
- ACQUIRE THE FACILITIES FOR THE EXPLORE ACADEMY CHARTER SCHOOL AND TO OBTAIN THE FINANCING FOR THIS ACQUISITION.THE FOUNDATION RENTS THESE FACILITIES TO THEIR SUPPORTED ORGANIZATION, EXPLORE ACADEMY CHARTER SCHOOL, FOR USE IN PROVIDING THE CHARTER SCHOOL'S TAX-EXEMPT EDUCATIONAL SERVICES. FROM THIS RENT, THE FOUNDATION PAYS THE FACILITY DEBT SERVICE AS WELL AS SOME OTHER EXPENSES.Expenses $3,025,998 · revenue $2,114,688
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | Not on file |
| 2023 | June 30, 2024 | November 15, 2024 | Not on file |
IRS record
- EIN
- 47-1720796
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Supporting organization, Type I
- Donations deductible (Pub 78)
- Supporting organization, 50% limit
- Exempt since
- 2014
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B11)
- Assets (IRS master file)
- $34,428,362
- Income (IRS master file)
- $2,554,020
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2023 | $2,554,020 | $3,025,998 | $34,428,362 | XML |
| 990 | June 2022 | $1,867,493 | $3,247,065 | $34,734,818 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990-N for 2016 Officer: Justin Baiardo | June 30, 2017 | ≤ $50,000 receipts | – | – | e-Postcard |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 47-1720796).
Questions about EXPLORE ACADEMY FOUNDATION
- What is the EIN of EXPLORE ACADEMY FOUNDATION?
- The employer identification number (EIN) of EXPLORE ACADEMY FOUNDATION is 47-1720796.
- Is EXPLORE ACADEMY FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2014.
- Are donations to EXPLORE ACADEMY FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Supporting organization, 50% limit).
- Which annual return does EXPLORE ACADEMY FOUNDATION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of EXPLORE ACADEMY FOUNDATION due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did EXPLORE ACADEMY FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2023.
- Who is the principal officer of EXPLORE ACADEMY FOUNDATION?
- The 990 for the year ended June 30, 2023 names JUSTIN BAIARDO.
- Who are the officers and directors of EXPLORE ACADEMY FOUNDATION?
- The 990 for the year ended June 30, 2023 lists 3 people; 0 received compensation from the organization.
- How much revenue does EXPLORE ACADEMY FOUNDATION have?
- On its 990 for the year ended June 30, 2023 it reported revenue of $2,554,020, expenses of $3,025,998 and total assets of $34,428,362 at year end.
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