EXPLORE CHARTER SCHOOLS OF BROOKLYN

EIN: 274092757 501(c)(3) Education

BROOKLYN, NY

Total Revenue
$42,687,701
Total Expenses
$48,658,395
Total Assets
$15,154,903
Net Assets
$9,575,352
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
2010
Legal Domicile
NY
Principal Officer
ANGIE BRICE THOMAS
Phone
7183033245
Tax Period
2022-07-01 to 2023-06-30

EXPLORE CHARTER SCHOOLS OF BROOKLYN, founded in 2010, is a mid-sized nonprofit in the Education sector that reported $42.7M in total revenue in fiscal year 2022. Expenses of $48.7M exceeded revenue, resulting in a 14% operating deficit.

Mission

TO PROVIDE EXCELLENT CURRICULUM AND INSTRUCTION TO STUDENTS IN KINDERGARTEN THROUGH EIGHTH GRADE AS A PATHWAY TO EQUITY AND A RESPONSE TO THE OPPORTUNITY GAP.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $4,278,434
Program Service Revenue $38,378,386
Investment Income $30,881
Other Revenue $0
TOTAL REVENUE $42,687,701

Expense Breakdown

Grants Paid $169,292
Salaries & Benefits $35,474,448
Fundraising Expenses $0
Program Expenses $39,471,992
Other Expenses $13,014,655
TOTAL EXPENSES $48,658,395

Year-over-Year Comparison

2022 2021 Change
Revenue $42,687,701 $42,255,552 +0.0%
Expenses $48,658,395 $43,382,158 +0.1%
Net Income $-5,970,694 $-1,126,606 +4.3%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
8
Independent Members
8
Employees
417
Volunteers
10

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
12
$1,389,042
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
4
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ANGIE BRICE THOMAS CHAIR 2.00
Officer Director
$0 $0 $0
SHAWN JENKINS VICE CHAIR 1.00
Officer Director
$0 $0 $0
HANK MANNIX TREASURER 2.00
Officer Director
$0 $0 $0
LINDSAY MATOVICH TREASURER THRU 09/28/22 1.00
Officer Director
$0 $0 $0
KEVIN BRYANT TRUSTEE 1.00
Director
$0 $0 $0
TIFFANY CURTIS TRUSTEE THRU 06/13/23 1.00
Director
$0 $0 $0
LINDSAY DANNON TRUSTEE 1.00
Director
$0 $0 $0
KAREN ANNETTE FRANCOIS TRUSTEE 1.00
Director
$0 $0 $0
LISA LURIE TRUSTEE 1.00
Director
$0 $0 $0
SHERRARD ZAMORE TRUSTEE 1.00
Director
$0 $0 $0
KAREN HICKS PRINCIPAL 50.00
Officer
$158,038 $1,343 $159,381
JONATHAN CARRINGTON PRINCIPAL 50.00
Officer
$166,706 $21,158 $187,864
ANNA BEAR DALLIS PRINCIPAL 50.00
Officer
$177,046 $21,080 $198,126
MARCUS FINDLAY PRINCIPAL 50.00
Officer
$68,376 $6,960 $75,336
MAUREEN FERRY PRINCIPAL 50.00
Officer
$192,714 $40,951 $233,665
JANELLE SAMUEL PRINCIPAL 50.00
Officer
$156,327 $33,498 $189,825
CASEY KEAN PRINCIPAL 50.00
Officer
$156,063 $25,098 $181,161
BRIAN GIGLIO PRINCIPAL RESIDENT 50.00
Officer
$146,599 $17,085 $163,684
VICKKI HILL ACADEMIC DIRECTOR 50.00
Highest
$128,558 $28,339 $156,897
MARISA FORBES-INGRAM ACADEMIC DIRECTOR 50.00
Highest
$125,177 $27,133 $152,310
AUDREY DAVIS SPECIAL POPULATIONS DIRECTOR 50.00
Highest
$125,106 $24,263 $149,369
JOI FRANKFORT RESIDENT PRINCIPAL 50.00
Highest
$125,473 $15,333 $140,806
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 No data No data No data No data
2024 No data No data No data No data
2023 $42,687,701 $48,658,395 $15,154,903 $-5,970,694
2022 $42,255,552 $43,382,158 $20,477,532 $-1,126,606
2021 $46,865,700 $42,443,260 $21,686,253 $4,422,440
2020 $40,830,534 $40,198,075 $20,698,591 $632,459
2019 $39,030,407 $40,933,704 $15,657,533 $-1,903,297
2018 $37,132,466 $36,539,905 $17,277,730 $592,561
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