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Nonprofit · EIN 86-3981282

EXPLORE ACADEMY LAS CRUCES FOUNDATION

Tax-exempt · LAS CRUCES, NM 88011

Financials

$307K$2.5M2022
Revenue Expenses · by fiscal year end
Financials of EXPLORE ACADEMY LAS CRUCES FOUNDATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
June 30, 2023990$306,625$2,537,647-$2,231,022$20,328,312$23,668,765-$3,340,453
Financial details: 990 for the year ended June 30, 2023

Revenue

Contributions, gifts and grants
$0
Program service revenue
$181,415
Investment income
$125,210
Other revenue
$0

Expenses

Grants and similar amounts paid
$0
Salaries, compensation and benefits (total)
$0
Professional fundraising fees
$0
Legal fees
$54,782
Depreciation
$283,197
Program services (functional)
$2,537,647

Balance sheet and other

Total assets, start of year
$10,698,435
Total assets, end of year
$20,328,312
Total liabilities, end of year
$23,668,765
Net assets, end of year
-$3,340,453
Land, buildings and equipment
$16,818,393
Gross receipts
$306,625
Employees
0
Volunteers
3
Year formed
2021
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.

NameTitleHours / weekCompensationFrom related orgsOther / benefits
KAREN CASEDYCHAIR
Trustee or director, Officer
2$0$86,396$30,923
BRITTANY PINTORSECRETARY (TERM 11/2022)
Trustee or director, Officer
1$0$0$0
NILA JUDDSECRETARY (NEW 11/2022)
Trustee or director, Officer
1$0$0$0
RALPH LOVATODIRECTOR
Trustee or director
1$0$0$0

Address and contacts

Address (IRS master file)
850 N TELSHOR BLVD, LAS CRUCES, NM 88011-8253
Principal officer (990 for 2022)
KAREN CASEDY, 850 N TELSHOR BLVD, LAS CRUCES, NM 88011
Signed the 990
KAREN CASEDY, CHAIR
Phone
(505) 305-5300
Return prepared by
CLIFTONLARSONALLEN LLP

Mission

TO SUPPORT VARIOUS CHARTERED PUBLIC SCHOOLS BY ACQUIRING A FACILITY TO LEASE TO THE SCHOOL, TO FUNDRAISE, AND TO DISBURSE FUNDS FOR SCHOOL ACTIVITIES AND PROGRAMS.

990 for the year ended June 30, 2023

Program accomplishments

  • ACQUIRE AND LEASE FACILITY TO EXPLORE ACADEMY - LAS CRUCES.THE FOUNDATION WILL RENT THESE FACILITIES TO THEIR SUPPORTED ORGANIZATION, EXPLORE ACADEMY - LAS CRUCES, FOR USE IN PROVIDING THE CHARTER SCHOOL'S TAX-EXEMPT EDUCATIONAL SERVICES. FROM THIS RENT, THE ORGANIZATION WILL PAY THE FACILITY DEBT SERVICE AS WELL AS SOME OTHER EXPENSES.
    Expenses $1,011,929 · revenue $181,415
  • ACQUIRE AND LEASE FACILITY TO EXPLORE ACADEMY - RIO RANCHO.THE FOUNDATION WILL RENT THESE FACILITIES TO THEIR SUPPORTED ORGANIZATION, EXPLORE ACADEMY - RIO RANCHO, FOR USE IN PROVIDING THE CHARTER SCHOOL'S TAX-EXEMPT EDUCATIONAL SERVICES. FROM THIS RENT, THE ORGANIZATION WILL PAY THE FACILITY DEBT SERVICE AS WELL AS SOME OTHER EXPENSES.
    Expenses $1,525,718

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 yearYear endedDueIRS public records
2025June 30, 2026November 16, 2026Not due yet
2024June 30, 2025November 17, 2025Not on file
2023June 30, 2024November 15, 2024Not on file

IRS record

EIN
86-3981282
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
2022
Accounting year ends
June
Files
Form 990 or 990-EZ
Category (NTEE)
Education (B11)
Assets (IRS master file)
$20,328,312
Income (IRS master file)
$306,625

Filing history

FormYear endedRevenueExpensesAssetsReturn
990June 2023$306,625$2,537,647$20,328,312XML
990June 2022$275$1,106,011$10,698,435IRS
990-EZJune 2021–––IRS

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 86-3981282).

Questions about EXPLORE ACADEMY LAS CRUCES FOUNDATION

What is the EIN of EXPLORE ACADEMY LAS CRUCES FOUNDATION?
The employer identification number (EIN) of EXPLORE ACADEMY LAS CRUCES FOUNDATION is 86-3981282.
Is EXPLORE ACADEMY LAS CRUCES FOUNDATION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2022.
Are donations to EXPLORE ACADEMY LAS CRUCES FOUNDATION tax-deductible?
Yes. It is listed in IRS Publication 78 (Supporting organization, 50% limit).
Which annual return does EXPLORE ACADEMY LAS CRUCES 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 LAS CRUCES 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 LAS CRUCES 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 LAS CRUCES FOUNDATION?
The 990 for the year ended June 30, 2023 names KAREN CASEDY.
Who are the officers and directors of EXPLORE ACADEMY LAS CRUCES FOUNDATION?
The 990 for the year ended June 30, 2023 lists 4 people; 0 received compensation from the organization.
How much revenue does EXPLORE ACADEMY LAS CRUCES FOUNDATION have?
On its 990 for the year ended June 30, 2023 it reported revenue of $306,625, expenses of $2,537,647 and total assets of $20,328,312 at year end.

Other nonprofits in LAS CRUCES

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