Civic Intelligence

New Learning Ventures Inc.

990EZ • Fiscal year 2017 • EIN 81-3455705

Jul 01, 2016 to Jun 30, 2017 • Filed on May 15, 2018

2701 E Camelback Rd Suite 180Phoenix, AZ 85016

(602) 740-9271

Siviq Scores

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

Liabilities / Assets

99th percentile

22.11x

Higher debt load relative to assets than 99% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Liabilities / Revenue

98th percentile

2.68x

Higher debt load relative to revenue than 98% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Net Margin

2nd percentile

-256%

Higher net margin than 2% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Top Officer Pay

83rd percentile

$18,131

Higher top officer pay than 83% of similar nonprofits.

Top officer pay equals 26.4% of source-year revenue.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2017

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2017

Assets

$8,317

No earlier filing loaded for comparison.

Net Assets

-$175,541

No earlier filing loaded for comparison.

Liabilities

$183,858

No earlier filing loaded for comparison.

Revenue

$68,566

No earlier filing loaded for comparison.

Expenses

$244,107

No earlier filing loaded for comparison.

Net Income

-$175,541

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

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

$6.0M$4.0M$2.0M$0-$2.0MAssets 2017: $8,317Liabilities 2017: $183,858Net Assets 2017: -$175,5412017Assets 2018: $20,238Liabilities 2018: $265,229Net Assets 2018: -$244,9912018Assets 2019: $198,802Liabilities 2019: $447,784Net Assets 2019: -$248,9822019Assets 2020: $270,073Liabilities 2020: $811,367Net Assets 2020: -$541,2942020Assets 2021: $335,771Liabilities 2021: $806,855Net Assets 2021: -$471,0842021Assets 2022: $194,647Liabilities 2022: $870,993Net Assets 2022: -$676,3462022Assets 2023: $4,764,156Liabilities 2023: $5,331,374Net Assets 2023: -$567,2182023Assets 2024: $4,475,742Liabilities 2024: $5,329,809Net Assets 2024: -$854,0672024

Highlighted filing

2017

Assets$8,317
Liabilities$183,858
Net Assets-$175,541

Operations Trend

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

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2017: $68,566Expenses 2017: $244,107Net Income 2017: -$175,5412017Revenue 2018: $190,046Expenses 2018: $259,496Net Income 2018: -$69,4502018Revenue 2019: $485,721Expenses 2019: $489,713Net Income 2019: -$3,9922019Revenue 2020: $954,914Expenses 2020: $1,383,769Net Income 2020: -$428,8552020Revenue 2021: $1,682,550Expenses 2021: $1,612,340Net Income 2021: $70,2102021Revenue 2022: $1,488,469Expenses 2022: $1,693,731Net Income 2022: -$205,2622022Revenue 2023: $1,834,293Expenses 2023: $1,725,165Net Income 2023: $109,1282023Revenue 2024: $1,826,211Expenses 2024: $2,113,060Net Income 2024: -$286,8492024

Highlighted filing

2017

Revenue$68,566
Expenses$244,107
Net Income-$175,541
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
May 15, 2018
Return Version
2016v3.1
Gross Receipts
$68,566
Mission and Program Overview

Mission

New learning ventures, inc. Is rethinking learning and fostering innovation to positively impact the future of our state. We envision a thriving arizona with a talented and competitive workforce and healthy communities generated from highly effective and meaningful learning opportunities for children. Nlv's ventures include acton academy phoenix and phoenix modern.

New learning ventures is a nonprofit that supports visionary educators who are rethinking learning and fostering innovation to positively impact the educational and economic future of our state. We envision a thriving arizona economy with a talented and competitive workforce generated from highly effective and meaningful learning opportunities for children.

Program Services

DescriptionGrantsExpenses
ACTON ACADEMY IS A PRIVATE SCHOOL THAT IS FOCUSED ON LEARNING FOR THE 21ST CENTURY WITH A HANDS ON APPROACH. IT IS A LEARNER DRIVEN COMMUNITY THAT INSPIRES STUDENTS TO FIND A CALLING THAT WILL CHANGE THE WORLD. THE SCHOOL INTENDS TO CHALLENGE CURRENT MODELS OF EDUCATION IN AN ATTEMPT TO CREATE THE BEST LEARNING APPROACHES FOR A DIVERSE POPULATION OF CHILDREN BY INCORPORATING THE LATEST RESEARCH AND UNDERSTANDING FOR HOW CHILDREN LEARN BEST.-$151,679
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
ANDREW COLLINSPresident/SeFT$17,131$1,000$18,131
JAMES AARON KLUSMANTreasurer-$0--
TYLER JOHNSONDirector-$0--
JACK DEBARTOLO IIIDirector-$0--
STEVEN WHEELERDirector-$0--
Filing and Contact Details

Filer

Filer Name
New Learning Ventures Inc
EIN
81-3455705
Phone
6027409271
Address
2701 E CAMELBACK RD SUITE 180, PHOENIX, AZ 85016

Signing Officer

Name
Andrew Collins
Title
President/secretary
Phone
6027409271
Signed
2018-05-15
Discuss with paid preparer
Yes

Preparer

Firm
Aspire Business Consultants
Address
PO BOX 12084, GLENDALE, AZ 85318-2084
Preparer
Heather Jones
Phone
6028812483
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 16

Expenses advertising 962 office expenses 36,845 travel 2,658 insurance 11,519 non-investment depreciation 1,240 total 53,224

Form 990-ez, Part II, Line 24

Accounts receivable 0 50 prepaid expenses and deferred charges 0 100 leasehold improvements 0 6,200 less accumulated depreciation 0 1,240 total 0 5,110

Form 990-ez, Part II, Line 26

Accounts payable and accrued expenses 0 8,943 loans from officers 0 174,915

Form 990-ez, Part III

New learning ventures is a nonprofit that supports visionary educators who are rethinking learning and fostering innovation to positively impact the educational and economic future of our state. We envision a thriving arizona economy with a talented and competitive workforce generated from highly effective and meaningful learning opportunities for children.

Form 990-ez, Part III, Line 28

Acton academy is a private school that is focused on learning for the 21st century with a hands on approach. It is a learner driven community that inspires students to find a calling that will change the world. The school intends to challenge current models of education in an attempt to create the best learning approaches for a diverse population of children by incorporating the latest research and understanding for how children learn best.

Raw XML Appendix133 raw XML fields

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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IRS990EZ/ProgramServiceRevenueAmt068566
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0EXPENSES ADVERTISING 962 OFFICE EXPENSES 36,845 TRAVEL 2,658 INSURANCE 11,519 NON-INVESTMENT DEPRECIATION 1,240 TOTAL 53,224
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ACCOUNTS RECEIVABLE 0 50 PREPAID EXPENSES AND DEFERRED CHARGES 0 100 LEASEHOLD IMPROVEMENTS 0 6,200 LESS ACCUMULATED DEPRECIATION 0 1,240 TOTAL 0 5,110
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ACCOUNTS PAYABLE AND ACCRUED EXPENSES 0 8,943 LOANS FROM OFFICERS 0 174,915
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4ACTON ACADEMY IS A PRIVATE SCHOOL THAT IS FOCUSED ON LEARNING FOR THE 21ST CENTURY WITH A HANDS ON APPROACH. IT IS A LEARNER DRIVEN COMMUNITY THAT INSPIRES STUDENTS TO FIND A CALLING THAT WILL CHANGE THE WORLD. THE SCHOOL INTENDS TO CHALLENGE CURRENT MODELS OF EDUCATION IN AN ATTEMPT TO CREATE THE BEST LEARNING APPROACHES FOR A DIVERSE POPULATION OF CHILDREN BY INCORPORATING THE LATEST RESEARCH AND UNDERSTANDING FOR HOW CHILDREN LEARN BEST.
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART II, LINE 24
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990-EZ, PART II, LINE 26
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990-EZ, PART III
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990-EZ, PART III, LINE 28
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ReturnHeader/TaxPeriodBeginDt02016-07-01
ReturnHeader/TaxPeriodEndDt02017-06-30
ReturnHeader/TaxYr02016

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Filings