EXPLORE ACADEMY FOUNDATION
5100 MASTHEAD ST NE, ALBUQUERQUE, NM 87109 www.explore.academy

Total Revenue
$827,299
Total Expenses
$1,415,921
Net Assets
$-1,939,794

Organizations Filed Purposes: PROVIDE FACILITIES AND OTHER SUPPORT TO EXPLORE ACADEMY CHARTER SCHOOL, A NEW MEXICO GOVERNMENTAL AUTHORIZED CHARTER SCHOOL.

ACQUIRE THE FACILITIES FOR THE EXPLORE ACADEMY CHARTER SCHOOL AND TO OBTAIN THE FINANCING FOR THIS ACQUISITION. IN ADDITION TO THE EXPENSES ABOVE, THE FOUNDATION INCURRED FACILITY ACQUISITION COSTS DURING THE TAX YEAR IN THE AMOUNT OF $5,309,118.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.

Executives Listed on Filing

Total Salary includes financial earnings, benefits, and all related organization earnings listed on tax filing

NameTitleHours Per WeekTotal Salary
Daniele KneeVICE CHAIR1$0
Melanie AvgerakisSECRETARY/TREASURER1$0
Justin BaiardoPRESIDENT/CHAIR2$0

Data for this page was sourced from XML published by IRS (public 990 form dataset) from: https://s3.amazonaws.com/irs-form-990/202101329349301870_public.xml