Civic Intelligence

New Learning Ventures Inc.

990 • Fiscal year 2020 • EIN 81-3455705

Jul 01, 2019 to Jun 30, 2020 • Filed on May 06, 2021

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

99th percentile

3.00x

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

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Liabilities / Revenue

88th percentile

0.85x

Higher debt load relative to revenue than 88% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Net Margin

9th percentile

-45%

Higher net margin than 9% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Top Officer Pay

88th percentile

$101,972

Higher top officer pay than 88% of similar nonprofits.

Top officer pay equals 10.7% of source-year revenue.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Asset Growth

78th percentile

36%

Faster asset growth than 78% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2019 to 2020

Revenue Growth

92nd percentile

97%

Faster revenue growth than 92% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets99th percentile

Assets

Up

$270,073

Up $71,271 (+36%) from 2019

Net Assets

Down

-$541,294

Down $292,312 (-117%) from 2019

Liabilities

Up

$811,367

Up $363,583 (+81%) from 2019

Revenue And Expenses
Liabilities / Revenue88th percentileNet Margin9th percentile

Revenue

Up

$954,914

Up $469,193 (+97%) from 2019

Expenses

Up

$1,383,769

Up $894,056 (+183%) from 2019

Net Income

Down

-$428,855

Down $424,863 (-10643%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth78th 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

2020

Assets$270,073
Liabilities$811,367
Net Assets-$541,294
Open 2020 Filing

Operations Trend

Revenue Growth92nd 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

2020

Revenue$954,914
Expenses$1,383,769
Net Income-$428,855
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
May 6, 2021
Return Version
2019v5.0
Gross Receipts
$954,914
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.

Balance Sheet Detail
LineBeginningEndChange
Assets
Loans From Officers Directors$247,665$287,874▲ $40,209
Cash and Non-Interest-Bearing Accounts$180,080$180,380▲ $300
Land, Buildings, and Equipment, Net$2,480$63,570▲ $61,090
Pledges and Grants Receivable$16,242$5,023▼ $11,219
Total Assets$198,802$270,073▲ $71,271
Other Assets Total-$21,100-
Liabilities
Deferred Revenue$177,845--
Mortgage Notes Payable Secured by Investment Property-$146,868-
Accounts Payable and Accrued Expenses$22,274$130,810▲ $108,536
Unsecured Notes Loans Payable-$127,715-
Other Liabilities-$118,100-
Total Liabilities$447,784$811,367▲ $363,583
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-248,982$-541,294▼ $292,312
Total Net Assets Fund Balance$-248,982$-541,294▼ $292,312
Total Liabilities and Net Assets / Fund Balance$198,802$270,073▲ $71,271

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$58,853$11,080$69,933
Equipment$4,717$2,359$7,076
Other Assets Org$21,100--
Compensation and Service Providers
Top Officer Pay88th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Andrew CollinsPresident/seFT$92,024$9,948$101,972

Board Members and Trustees

NameTitle
Steven WheelerMember
Tyler JohnsonMember
James Aaron KlusmanTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$784,948
Program Service Revenue
$169,966
Investment Income
$0
Other Revenue
$0
All Other Contributions
$36,381
Change in Net Assets
$-428,855
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$752,150
Salaries, Compensation, and Employee Benefits$631,619
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$317,581$122,871-$440,452
Occupancy$348,842$61,560-$410,402
Office Expenses$154,365$11,734-$166,099
Fees for Services Other$96,369$8,231-$104,600
Current Officers, Directors, Trustees, and Key Employees$50,000$50,000-$100,000
Other Employee Benefits$32,960$16,862-$49,822
Payroll Taxes$28,120$13,225-$41,345
Fees for Services Accounting-$22,285-$22,285
Advertising-$19,498-$19,498
Interest$16,642--$16,642
Depreciation Depletion$8,261$1,458-$9,719
Insurance-$2,365-$2,365
Fees for Services Legal-$540-$540
Total Functional Expenses$1,053,140$330,629$0$1,383,769
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$287,874
-DirectorLeasing of FacilityNo$21,300

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$247,665$287,874▲ $40,209
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Deferred Rent Liability$118,100
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 35% controlled entity
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 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
2021-05-06
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Andrew Collins
Formed
2016
Legal Domicile
Az
Voting Board Members
4
Independent Board Members
3
Employees
8

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, 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.”

Form 990, Part XI, Line 9

“Prior period adjustment made due to having an audit conducted after the 1st year in operation.”

Raw XML Appendix373 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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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.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, LINE 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE E, LINE 6
IRS990/ScheduleJRequiredInd0false
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IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/BusinessName/BusinessNameLine1Txt1REDEMPTION CHURCH
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0DIRECTOR
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt1DIRECTOR
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IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd1false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt0287874
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt121300
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0CASHFLOW LOAN
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc1LEASING OF FACILITY
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IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm0JAMES AARON KLUSMAN
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IRS990ScheduleL/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION'S INITIAL OPERATIONS WERE FUNDED IN PART THROUGH A PROMISSORY NOTE PROVIDED BY A DIRECTOR OF THE ORGANZIATION, WHICH IS STILL OUTSTANDING. ACTON ACADEMY LEASES THE FACILITY FROM REDEMPTION CHURCH, WHERE TYLER JOHNSON IS A SENIOR LEADER.
IRS990ScheduleL/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE L, PART V
IRS990ScheduleL/TotalBalanceDueAmt0287874
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0NEW 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.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE 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/ExplanationTxt2BOARD MEMBERS COMPLETE AND UPDATE CONFLICT OF INTEREST STATEMENT EACH YEAR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE 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/ExplanationTxt4THE ORGANIZATION'S GOVERNING DOCUMENTS AND FINANCIAL RECORDS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5PRIOR PERIOD ADJUSTMENT MADE DUE TO HAVING AN AUDIT CONDUCTED AFTER THE 1ST YEAR IN OPERATION.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART XI, LINE 9
IRS990ScheduleR/IdDisregardedEntitiesGrp/DirectControllingEntityName/BusinessNameLine1Txt0NEW LEARNI
IRS990ScheduleR/IdDisregardedEntitiesGrp/DisregardedEntityName/BusinessNameLine1Txt0ACTON ACADEMY ARCADIA LLC
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IRS990ScheduleR/IdDisregardedEntitiesGrp/LegalDomicileStateCd0AZ
IRS990ScheduleR/IdDisregardedEntitiesGrp/PrimaryActivitiesTxt0PRIVATE SC
IRS990ScheduleR/IdDisregardedEntitiesGrp/TotalIncomeAmt0134410
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/AddressLine1Txt03330 EAST CAMELBACK
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/CityNm0PHOENIX
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IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/ZIPCd085018
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IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
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IRS990/TotalContributionsAmt0784948
IRS990/TotalEmployeeCnt08
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0330629
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01053140
IRS990/TotalFunctionalExpensesGrp/TotalAmt01383769
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0447784
IRS990/TotalLiabilitiesEOYAmt0811367
IRS990/TotalLiabilitiesGrp/BOYAmt0447784
IRS990/TotalLiabilitiesGrp/EOYAmt0811367
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-248982
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-541294
IRS990/TotalOtherCompensationAmt09948
IRS990/TotalProgramServiceExpensesAmt01053140
IRS990/TotalProgramServiceRevenueAmt0169966
IRS990/TotalReportableCompFromOrgAmt092024
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0169966
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0954914
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0198802
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0270073
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnsecuredNotesLoansPayableGrp/EOYAmt0127715
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0200 E MITCHELL DRIVE
IRS990/USAddress/CityNm0PHOENIX
IRS990/USAddress/StateAbbreviationCd0AZ
IRS990/USAddress/ZIPCd085012
IRS990/VotingMembersGoverningBodyCnt04
IRS990/VotingMembersIndependentCnt03
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0ANDREW COLLINS
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT/SECRETARY
ReturnHeader/BusinessOfficerGrp/PhoneNum06027409271
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-05-06
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0NEW LEARNING VENTURES INC
ReturnHeader/Filer/BusinessNameControlTxt0NEWL
ReturnHeader/Filer/EIN0813455705
ReturnHeader/Filer/USAddress/AddressLine1Txt0200 E MITCHELL DRIVE
ReturnHeader/Filer/USAddress/CityNm0PHOENIX
ReturnHeader/Filer/USAddress/StateAbbreviationCd0AZ
ReturnHeader/Filer/USAddress/ZIPCd085012
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0454728843
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0ASPIRE BUSINESS CONSULTANTS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0PO BOX 12084
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0GLENDALE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0AZ
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0853182084
ReturnHeader/PreparerPersonGrp/PhoneNum06028812483
ReturnHeader/PreparerPersonGrp/PreparationDt02021-05-17
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0HEATHER JONES
ReturnHeader/ReturnTs02021-05-17T14:37:46-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02019-07-01
ReturnHeader/TaxPeriodEndDt02020-06-30
ReturnHeader/TaxYr02019

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$270,073
Liabilities
$811,367
Net assets
-$541,294
Revenue
$954,914
Expenses
$1,383,769
Net income
-$428,855
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