Civic Intelligence

New Learning Ventures Inc.

990EZ • Fiscal year 2018 • EIN 81-3455705

Jul 01, 2017 to Jun 30, 2018 • Filed on May 10, 2019

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

13.11x

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

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Liabilities / Revenue

96th percentile

1.40x

Higher debt load relative to revenue than 96% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Net Margin

10th percentile

-37%

Higher net margin than 10% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Top Officer Pay

97th percentile

$81,763

Higher top officer pay than 97% of similar nonprofits.

Top officer pay equals 43.0% of source-year revenue.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Asset Growth

93rd percentile

143%

Faster asset growth than 93% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Annualized from 2017 to 2018

Revenue Growth

96th percentile

177%

Faster revenue growth than 96% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Annualized from 2017 to 2018

Assets

Up

$20,238

Up $11,921 (+143%) from 2017

Net Assets

Down

-$244,991

Down $69,450 (-40%) from 2017

Liabilities

Up

$265,229

Up $81,371 (+44%) from 2017

Revenue

Up

$190,046

Up $121,480 (+177%) from 2017

Expenses

Up

$259,496

Up $15,389 (+6.3%) from 2017

Net Income

Up

-$69,450

Up $106,091 (+60%) from 2017

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

2018

Assets$20,238
Liabilities$265,229
Net Assets-$244,991

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

2018

Revenue$190,046
Expenses$259,496
Net Income-$69,450
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
May 10, 2019
Return Version
2017v2.3
Gross Receipts
$190,046
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 PROVATE SCHOOL THAT IS FOCUSED ON LEARNING FOR THE 21ST CENTURY WITH A HANDS ON APPROACH. IT IS A LEARNER DRIVER 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.-$211,634
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
ANDREW COLLINSPresident/SeFT$81,763-$81,763
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
Address
2701 E CAMELBACK RD SUITE 180, PHOENIX, AZ 85016

Signing Officer

Name
Andrew Collins
Title
President/secretary
Signed
2019-05-10

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 1,483 office expense 13,375 travel 1,843 conferences 119 insurance 1,007 non-investment depreciation 1,240 total 19,067

Form 990-ez, Part II, Line 24

Grants receivable 0 3,273 accounts receivable 50 150 prepaid expenses and deferred charges 100 977 leasehold improvements 6,200 6,200 less accumulated depreciation 1,240 2,480 total 5,110 8,120

Form 990-ez, Part II, Line 26

Accounts payable and accrued expenses 8,943 3,029 deferred revenue 0 14,535 loans from officers 174,915 247,665

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 provate school that is focused on learning for the 21st century with a hands on approach. It is a learner driver 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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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/ExplanationTxt2ACCOUNTS PAYABLE AND ACCRUED EXPENSES 8,943 3,029 DEFERRED REVENUE 0 14,535 LOANS FROM OFFICERS 174,915 247,665
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4ACTON ACADEMY IS A PROVATE SCHOOL THAT IS FOCUSED ON LEARNING FOR THE 21ST CENTURY WITH A HANDS ON APPROACH. IT IS A LEARNER DRIVER 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/TaxPeriodEndDt02018-06-30
ReturnHeader/TaxYr02017

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