Civic Intelligence

New Learning Ventures Inc.

990 • Fiscal year 2019 • EIN 81-3455705

Jul 01, 2018 to Jun 30, 2019 • Filed on Apr 29, 2020

Organization ProfileNEWLEARNINGVENTURES.ORG

View Organization Page

200 E Mitchell DrivePhoenix, AZ 85012

(602) 740-9271

Siviq Scores

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

Liabilities / Assets

97th percentile

2.25x

Higher debt load relative to assets than 97% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Liabilities / Revenue

95th percentile

0.92x

Higher debt load relative to revenue than 95% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Net Margin

38th percentile

-0.8%

Higher net margin than 38% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Top Officer Pay

98th percentile

$100,000

Higher top officer pay than 98% of similar nonprofits.

Top officer pay equals 20.6% of source-year revenue.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Asset Growth

98th percentile

882%

Faster asset growth than 98% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Annualized from 2018 to 2019

Revenue Growth

95th percentile

156%

Faster revenue growth than 95% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets97th percentile

Assets

Up

$198,802

Up $178,564 (+882%) from 2018

Net Assets

Down

-$248,982

Down $3,991 (-1.6%) from 2018

Liabilities

Up

$447,784

Up $182,555 (+69%) from 2018

Revenue And Expenses
Liabilities / Revenue95th percentileNet Margin38th percentile

Revenue

Up

$485,721

Up $295,675 (+156%) from 2018

Expenses

Up

$489,713

Up $230,217 (+89%) from 2018

Net Income

Up

-$3,992

Up $65,458 (+94%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth98th percentile

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

2019

Assets$198,802
Liabilities$447,784
Net Assets-$248,982
Open 2019 Filing

Operations Trend

Revenue Growth95th percentile

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

2019

Revenue$485,721
Expenses$489,713
Net Income-$3,992
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
Apr 29, 2020
Return Version
2018v3.2
Gross Receipts
$485,721
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.

Balance Sheet Detail
LineBeginningEndChange
Assets
Loans From Officers Directors$247,665$247,665→ $0
Cash and Non-Interest-Bearing Accounts$12,118$180,080▲ $167,962
Pledges and Grants Receivable$3,273$16,242▲ $12,969
Land, Buildings, and Equipment, Net$3,720$2,480▼ $1,240
Prepaid Expenses and Deferred Charges$977--
Accounts Receivable$150--
Total Assets$20,238$198,802▲ $178,564
Liabilities
Deferred Revenue$14,535$177,845▲ $163,310
Accounts Payable and Accrued Expenses$3,029$22,274▲ $19,245
Total Liabilities$265,229$447,784▲ $182,555
Net Assets / Fund Balance
Unrestricted Net Assets$-244,991$-248,982▼ $3,991
Total Net Assets Fund Balance$-244,991$-248,982▼ $3,991
Total Liabilities and Net Assets / Fund Balance$20,238$198,802▲ $178,564

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$2,480$3,720$6,200
Compensation and Service Providers
Top Officer Pay98th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Andrew CollinsPresident/seFT$100,000$100,000
James Aaron KlusmanTreasurer-$3,500$3,500

Board Members and Trustees

NameTitle
Jack Debartolo IiiDirector
Steven WheelerDirector
Tyler JohnsonDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$328,329
Program Service Revenue
$157,392
Investment Income
$0
Other Revenue
$0
All Other Contributions
$21,155
Change in Net Assets
$-3,992
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$309,626
Other Expenses$180,087
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$173,952--$173,952
Current Officers, Directors, Trustees, and Key Employees$75,000$28,500-$103,500
Office Expenses$51,787--$51,787
Occupancy$47,661--$47,661
Advertising$41,703--$41,703
Payroll Taxes$21,316$2,180-$23,496
Fees for Services Other$15,932--$15,932
Travel$14,000--$14,000
Other Employee Benefits$8,678--$8,678
Fees for Services Accounting-$7,000-$7,000
Depreciation Depletion$1,240--$1,240
Insurance-$749-$749
Interest-$15-$15
Total Functional Expenses$451,269$38,444$0$489,713
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
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
-DirectorCashflow LoanNo$247,665
-DirectorLeasing of FacilityNo$21,300

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$247,665$247,665→ $0
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Backup withholding compliance
Yes
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
Yes
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 2

“Aaron klusman tyler johnson director director business partners”

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

“The organization's form 990 is prepared by an independent accountant and reviewed by the organization's president prior to filing. A copy is emailed to the board of directors.”

Form 990, Page 6, Part VI, Line 12C

“Board members complete and update conflict of interest statement each year.”

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

“The organization relies on the the governing boards evaluation of the director's performance each year and decides on compensation that is comparable in the charter school community.”

Form 990, Page 6, Part VI, Line 19

“The organization's governing documents and financial records are made available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
New Learning Ventures Inc
EIN
81-3455705
Address
200 E MITCHELL DRIVE, PHOENIX, AZ 85012

Signing Officer

Name
Andrew Collins
Title
President/secretary
Phone
6027409271
Signed
2020-04-29
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Andrew Collins
Formed
2016
Legal Domicile
Az
Voting Board Members
5
Independent Board Members
3
Employees
5

Preparer

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

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

“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, Part III

“The school will begin charter school operations in fy19-20 and is currently an award receipient for the azcsp grant through the state of arizona. This grant provides resources to plan and implement the start up of the school.”

Form 990, Part XI, Line 9

“Book / tax depreciation difference 1”

Raw XML Appendix376 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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IRS990/Desc0ACTON ACADEMY IS A PRIVATE 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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IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0THE SCHOOL'S NONDISCRIMINATORY POLICY IS INCLUDED ON THE WEBSITE AND OTHER SCHOOL MATERIALS.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1THE SCHOOL RECEIVES REVENUE FROM THE FEDERAL AND STATE GOVERNMENTS FOR THE EDUCATIONAL PROGRAM. IN FY 19-20, THE SCHOOL WILL BEGIN ITS FIRST YEAR AS A CHARTER SCHOOL AND RECEIVE STATE EQUALIZATION ASSISTANCE FROM THE STATE OF ARIZONA.
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IRS990ScheduleL/SupplementalInformationDetail/ExplanationTxt0THIS IS THE THIRD YEAR IN OPERATION FOR THE SCHOOL AND OPERATIONS WERE FUNDED THROUGH A PROMISSORY NOTE PROVIDED BY A DIRECTOR OF THE ORGANIZATION. ACTON ACADEMY LEASES THE FACILITY FROM REDEMPTION CHURCH, WHERE TYLER JOHNSON IS A SENIOR LEADER.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0NEW 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.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE SCHOOL WILL BEGIN CHARTER SCHOOL OPERATIONS IN FY19-20 AND IS CURRENTLY AN AWARD RECEIPIENT FOR THE AZCSP GRANT THROUGH THE STATE OF ARIZONA. THIS GRANT PROVIDES RESOURCES TO PLAN AND IMPLEMENT THE START UP OF THE SCHOOL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2AARON KLUSMAN TYLER JOHNSON DIRECTOR DIRECTOR BUSINESS PARTNERS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION'S FORM 990 IS PREPARED BY AN INDEPENDENT ACCOUNTANT AND REVIEWED BY THE ORGANIZATION'S PRESIDENT PRIOR TO FILING. A COPY IS EMAILED TO THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4BOARD MEMBERS COMPLETE AND UPDATE CONFLICT OF INTEREST STATEMENT EACH YEAR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE ORGANIZATION RELIES ON THE THE GOVERNING BOARDS EVALUATION OF THE DIRECTOR'S PERFORMANCE EACH YEAR AND DECIDES ON COMPENSATION THAT IS COMPARABLE IN THE CHARTER SCHOOL COMMUNITY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THE ORGANIZATION'S GOVERNING DOCUMENTS AND FINANCIAL RECORDS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7BOOK / TAX DEPRECIATION DIFFERENCE 1
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 12C
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ReturnHeader/TaxPeriodBeginDt02018-07-01
ReturnHeader/TaxPeriodEndDt02019-06-30
ReturnHeader/TaxYr02018

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$198,802
Liabilities
$447,784
Net assets
-$248,982
Revenue
$485,721
Expenses
$489,713
Net income
-$3,992
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$4.48$5.33$0.85$1.83$2.11$0.29
2023Detailed filing. Detailed filing data is available for this year.$4.76$5.33$0.57$1.83$1.73$0.11
2022Detailed filing. Detailed filing data is available for this year.$0.19$0.87$0.68$1.49$1.69$0.21
2021Detailed filing. Detailed filing data is available for this year.$0.34$0.81$0.47$1.68$1.61$0.07
2020Detailed filing. Detailed filing data is available for this year.$0.27$0.81$0.54$0.95$1.38$0.43
2019Detailed filing. Detailed filing data is available for this year.$0.20$0.45$0.25$0.49$0.49$0.00
2018Detailed filing. Detailed filing data is available for this year.$0.02$0.27$0.24$0.19$0.26$0.07
2017Detailed filing. Detailed filing data is available for this year.$0.01$0.18$0.18$0.07$0.24$0.18