Civic Intelligence

Learning Solutions Inc

990 • Fiscal year 2018 • EIN 68-0627788

Jul 01, 2017 to Jun 30, 2018 • Filed on Jan 24, 2020

1411 Sherrouse StreetMonroe, LA 71203

(318) 651-3984

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

72nd percentile

0.31x

Higher debt load relative to assets than 72% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Liabilities / Revenue

44th percentile

0.07x

Higher debt load relative to revenue than 44% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Net Margin

15th percentile

-17%

Higher net margin than 15% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2018

Asset Growth

3rd percentile

-33%

Faster asset growth than 3% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Revenue Growth

16th percentile

-16%

Faster revenue growth than 16% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Assets

Down

$362,240

Down $180,136 (-33%) from 2017

Net Assets

Down

$249,676

Down $260,278 (-51%) from 2017

Liabilities

Up

$112,564

Up $80,142 (+247%) from 2017

Revenue

Down

$1,566,659

Down $305,270 (-16%) from 2017

Expenses

Down

$1,828,080

Down $181,670 (-9.0%) from 2017

Net Income

Down

-$261,421

Down $123,600 (-90%) from 2017

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$800K$600K$400K$200K$0Assets 2014: $4,359Liabilities 2014: $50,0002014Assets 2015: $417,851Liabilities 2015: $13,986Net Assets 2015: $403,8652015Assets 2016: $685,278Liabilities 2016: $37,503Net Assets 2016: $647,7752016Assets 2017: $542,376Liabilities 2017: $32,422Net Assets 2017: $509,9542017Assets 2018: $362,240Liabilities 2018: $112,564Net Assets 2018: $249,6762018

Highlighted filing

2018

Assets$362,240
Liabilities$112,564
Net Assets$249,676

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2014: $41,322Expenses 2014: $86,964Net Income 2014: -$45,6422014Revenue 2015: $2,133,828Expenses 2015: $1,684,322Net Income 2015: $449,5062015Revenue 2016: $2,060,836Expenses 2016: $1,816,926Net Income 2016: $243,9102016Revenue 2017: $1,871,929Expenses 2017: $2,009,750Net Income 2017: -$137,8212017Revenue 2018: $1,566,659Expenses 2018: $1,828,080Net Income 2018: -$261,4212018

Highlighted filing

2018

Revenue$1,566,659
Expenses$1,828,080
Net Income-$261,421
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
Jan 24, 2020
Return Version
2017v2.3
Gross Receipts
$1,566,659
Mission and Program Overview

Mission

Vision academy is a type 2 - bese approved public charter school that is free to any student in the state of louisiana and is established to provide solutions to everday students.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$509,954$249,676▼ $260,278
Other Notes and Loans Receivable, Net-$104,324-
Savings and Temporary Cash Investments$99,660$100,126▲ $466
Cash and Non-Interest-Bearing Accounts$191,103$95,126▼ $95,977
Land, Buildings, and Equipment, Net$66,287$43,244▼ $23,043
Accounts Receivable$37,960--
Prepaid Expenses and Deferred Charges$23,633$19,420▼ $4,213
Total Assets$542,376$362,240▼ $180,136
Other Assets Total$123,733--
Liabilities
Other Liabilities-$100,829-
Accounts Payable and Accrued Expenses$32,422$11,735▼ $20,687
Total Liabilities$32,422$112,564▲ $80,142
Net Assets / Fund Balance
Total Net Assets Fund Balance$509,954$249,676▼ $260,278
Total Liabilities and Net Assets / Fund Balance$542,376$362,240▼ $180,136

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$43,244$85,572$128,816
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Latoya JacksonCEOFT$152,154$14,096$166,250

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$1,566,659
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$28,622
Change in Net Assets
$-261,421

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,566,659
Total Revenue per Audited Statements
$1,566,659
Total Revenue per Form 990
$1,566,659
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,152,512
Salaries, Compensation, and Employee Benefits$675,568
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$508,520$142,200-$650,720
Occupancy$268,614--$268,614
All Other Expenses$258,055--$258,055
Other Expenses$79,414--$79,414
Fees for Services Accounting-$60,179-$60,179
Depreciation Depletion$23,043--$23,043
Other Employee Benefits-$13,921-$13,921
Payroll Taxes-$10,927-$10,927
Interest-$5,381-$5,381
Total Functional Expenses$1,595,472$232,608$0$1,828,080

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,828,080
Total Expenses per Audited Statements$1,828,080
Total Expenses per Form 990$1,828,080
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Line of Credit$100,464
Credit Card Payable$365
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
No
Backup withholding compliance
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

The governing body will provide a copy of the form 990 for review before filing.

Form 990, Page 6, Part VI, Line 15A

The officer's salary is based on standard louisiana salaries of ceo/executive directors of charter schools in the state.

Form 990, Page 6, Part VI, Line 19

Other documents made available upon request

Filing and Contact Details

Filer

Filer Name
Learning Solutions Inc
EIN
68-0627788
Phone
3186513984
Address
1411 SHERROUSE STREET, MONROE, LA 71203
Doing Business As
Vision Academy

Signing Officer

Name
Latoya Jackson
Title
CEO
Phone
3186513984
Signed
2020-01-24

Organization Details

Principal Officer
Latoya Jackson
Formed
2005
Legal Domicile
La
Voting Board Members
7
Independent Board Members
7
Employees
60

Preparer

Firm
Anthony B Baglio CPA
Address
2011 RUE SIMONE, HAMMOND, LA 70403
Preparer
Anthony B Baglio CPA
Phone
9855424155
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 24E

Special education 79,379 0 0 student transportation 71,271 0 0 instructional staff servi 60,046 0 0 pupil support services 24,166 0 0 other instructional 19,093 0 0 special program 4,100 0 0 total 258,055 0 0

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE OFFICER'S SALARY IS BASED ON STANDARD LOUISIANA SALARIES OF CEO/EXECUTIVE DIRECTORS OF CHARTER SCHOOLS IN THE STATE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2OTHER DOCUMENTS MADE AVAILABLE UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3SPECIAL EDUCATION 79,379 0 0 STUDENT TRANSPORTATION 71,271 0 0 INSTRUCTIONAL STAFF SERVI 60,046 0 0 PUPIL SUPPORT SERVICES 24,166 0 0 OTHER INSTRUCTIONAL 19,093 0 0 SPECIAL PROGRAM 4,100 0 0 TOTAL 258,055 0 0
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 11B
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART IX, LINE 24E
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IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0542376
IRS990/TotalAssetsEOYAmt0362240
IRS990/TotalAssetsGrp/BOYAmt0542376
IRS990/TotalAssetsGrp/EOYAmt0362240
IRS990/TotalCompGreaterThan150KInd0true
IRS990/TotalContributionsAmt01566659
IRS990/TotalEmployeeCnt060
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0232608
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01595472
IRS990/TotalFunctionalExpensesGrp/TotalAmt01828080
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt032422
IRS990/TotalLiabilitiesEOYAmt0112564
IRS990/TotalLiabilitiesGrp/BOYAmt032422
IRS990/TotalLiabilitiesGrp/EOYAmt0112564
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0509954
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0249676
IRS990/TotalOtherCompensationAmt014096
IRS990/TotalProgramServiceExpensesAmt01595472
IRS990/TotalReportableCompFromOrgAmt0152154
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01566659
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0542376
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0362240
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt01411 SHERROUSE STREET
IRS990/USAddress/CityNm0MONROE
IRS990/USAddress/StateAbbreviationCd0LA
IRS990/USAddress/ZIPCd071203
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt07
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02020-09-23 17:36:50Z
ReturnHeader/BusinessOfficerGrp/PersonNm0LATOYA JACKSON
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CEO
ReturnHeader/BusinessOfficerGrp/PhoneNum03186513984
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-01-24
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0LEARNING SOLUTIONS INC
ReturnHeader/Filer/BusinessNameControlTxt0LEAR
ReturnHeader/Filer/EIN0680627788
ReturnHeader/Filer/PhoneNum03186513984
ReturnHeader/Filer/USAddress/AddressLine1Txt01411 SHERROUSE STREET
ReturnHeader/Filer/USAddress/CityNm0MONROE
ReturnHeader/Filer/USAddress/StateAbbreviationCd0LA
ReturnHeader/Filer/USAddress/ZIPCd071203
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0DA2EB1B7BBB83CB9AAF0E72331A4E38AA9CCC67A
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0DA2EB1B7BBB83CB9AAF0E72331A4E38AA9CCC67A
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt0216.131.25.30
ReturnHeader/FilingSecurityInformation/IPDt02020-01-24
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CS
ReturnHeader/FilingSecurityInformation/IPTm016:07:22
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0721243204
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0ANTHONY B BAGLIO CPA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt02011 RUE SIMONE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0HAMMOND
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0LA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd070403
ReturnHeader/PreparerPersonGrp/PhoneNum09855424155
ReturnHeader/PreparerPersonGrp/PreparationDt02020-01-24
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0ANTHONY B BAGLIO CPA
ReturnHeader/ReturnTs02020-01-24T16:07:22-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02017-07-01
ReturnHeader/TaxPeriodEndDt02018-06-30
ReturnHeader/TaxYr02017

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