Civic Intelligence

New Learning Ventures Inc.

990 • Fiscal year 2021 • EIN 81-3455705

Jul 01, 2020 to Jun 30, 2021 • Filed on May 10, 2022

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

2.40x

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

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Liabilities / Revenue

79th percentile

0.48x

Higher debt load relative to revenue than 79% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Net Margin

34th percentile

4.2%

Higher net margin than 34% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Top Officer Pay

72nd percentile

$106,150

Higher top officer pay than 72% of similar nonprofits.

Top officer pay equals 6.3% of source-year revenue.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Asset Growth

73rd percentile

24%

Faster asset growth than 73% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Revenue Growth

83rd percentile

76%

Faster revenue growth than 83% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets99th percentile

Assets

Up

$335,771

Up $65,698 (+24%) from 2020

Net Assets

Up

-$471,084

Up $70,210 (+13%) from 2020

Liabilities

Down

$806,855

Down $4,512 (-0.6%) from 2020

Revenue And Expenses
Liabilities / Revenue79th percentileNet Margin34th percentile

Revenue

Up

$1,682,550

Up $727,636 (+76%) from 2020

Expenses

Up

$1,612,340

Up $228,571 (+17%) from 2020

Net Income

Up

$70,210

Up $499,065 (+116%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth73rd 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

2021

Assets$335,771
Liabilities$806,855
Net Assets-$471,084
Open 2021 Filing

Operations Trend

Revenue Growth83rd 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

2021

Revenue$1,682,550
Expenses$1,612,340
Net Income$70,210
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
May 10, 2022
Return Version
2020v4.0
Gross Receipts
$1,682,550
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$287,874$265,777▼ $22,097
Cash and Non-Interest-Bearing Accounts$180,380$148,732▼ $31,648
Land, Buildings, and Equipment, Net$63,570$100,201▲ $36,631
Accounts Receivable-$55,276-
Pledges and Grants Receivable$5,023--
Total Assets$270,073$335,771▲ $65,698
Other Assets Total$21,100$31,562▲ $10,462
Liabilities
Other Liabilities$118,100$170,404▲ $52,304
Unsecured Notes Loans Payable$127,715$127,715→ $0
Mortgage Notes Payable Secured by Investment Property$146,868$121,569▼ $25,299
Accounts Payable and Accrued Expenses$130,810$121,390▼ $9,420
Total Liabilities$811,367$806,855▼ $4,512
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-541,294$-471,084▲ $70,210
Total Net Assets Fund Balance$-541,294$-471,084▲ $70,210
Total Liabilities and Net Assets / Fund Balance$270,073$335,771▲ $65,698

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$92,602$18,440$111,042
Equipment$7,599$4,717$12,316
Other Assets Org$31,562--
Compensation and Service Providers
Top Officer Pay72nd percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Andrew CollinsPresident/seFT$95,438$10,712$106,150

Board Members and Trustees

NameTitle
Steven WheelerMember
Tyler JohnsonMember
James Aaron KlusmanTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Csdc Charter School DevelopmentFacility Rental7880 MILESTONE PARKWAY STE 425, Severn, MD 21076$283,619
Revenue and Support

Revenue Composition

Contributions and Grants
$1,384,871
Program Service Revenue
$297,679
Investment Income
$0
Other Revenue
$0
All Other Contributions
$3,069
Change in Net Assets
$70,210
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$867,826
Other Expenses$744,514
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$519,606$116,276-$635,882
Occupancy$354,633$55,206-$409,839
Fees for Services Other$117,276$30,297-$147,573
Office Expenses$107,376$11,560-$118,936
Current Officers, Directors, Trustees, and Key Employees$50,000$50,000-$100,000
Other Employee Benefits$55,747$19,902-$75,649
Payroll Taxes$43,575$12,720-$56,295
Interest$24,266--$24,266
Fees for Services Accounting-$24,248-$24,248
Depreciation Depletion$8,261$1,458-$9,719
Insurance-$7,377-$7,377
Advertising-$1,996-$1,996
Fees for Services Legal-$560-$560
Total Functional Expenses$1,280,740$331,600$0$1,612,340
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$265,777
-DirectorLeasing of FacilityNo$26,400

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$287,874$265,777▼ $22,097
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Deferred Rent Liability$170,404
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
Phone
6027409271
Address
200 E MITCHELL DRIVE, PHOENIX, AZ 85012

Signing Officer

Name
Andrew Collins
Title
President/secretary
Phone
6027409271
Signed
2022-05-10
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
13

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.”

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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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IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd0false
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IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd0true
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IRS990ScheduleE/MaintainScholarshipsRecsInd0true
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd0true
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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
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IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt126400
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
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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/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
IRS990ScheduleR/IdDisregardedEntitiesGrp/DirectControllingEntityName/BusinessNameLine1Txt0NEW LEARNI
IRS990ScheduleR/IdDisregardedEntitiesGrp/DisregardedEntityName/BusinessNameLine1Txt0ACTON ACADEMY ARCADIA LLC
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IRS990ScheduleR/IdDisregardedEntitiesGrp/EndOfYearAssetsAmt06200
IRS990ScheduleR/IdDisregardedEntitiesGrp/LegalDomicileStateCd0AZ
IRS990ScheduleR/IdDisregardedEntitiesGrp/PrimaryActivitiesTxt0PRIVATE SC
IRS990ScheduleR/IdDisregardedEntitiesGrp/TotalIncomeAmt0266038
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IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/ZIPCd085018
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IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0270073
IRS990/TotalAssetsEOYAmt0335771
IRS990/TotalAssetsGrp/BOYAmt0270073
IRS990/TotalAssetsGrp/EOYAmt0335771
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt01384871
IRS990/TotalEmployeeCnt013
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0331600
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01280740
IRS990/TotalFunctionalExpensesGrp/TotalAmt01612340
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0811367
IRS990/TotalLiabilitiesEOYAmt0806855
IRS990/TotalLiabilitiesGrp/BOYAmt0811367
IRS990/TotalLiabilitiesGrp/EOYAmt0806855
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-541294
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-471084
IRS990/TotalOtherCompensationAmt010712
IRS990/TotalProgramServiceExpensesAmt01280740
IRS990/TotalProgramServiceRevenueAmt0297679
IRS990/TotalReportableCompFromOrgAmt095438
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0297679
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01682550
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0270073
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0335771
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnsecuredNotesLoansPayableGrp/BOYAmt0127715
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/WebsiteAddressTxt0NEWLEARNINGVENTURES.ORG
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/SignatureDt02022-05-10
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0NEW LEARNING VENTURES INC
ReturnHeader/Filer/BusinessNameControlTxt0NEWL
ReturnHeader/Filer/EIN0813455705
ReturnHeader/Filer/PhoneNum06027409271
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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/PreparationDt02022-05-13
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0HEATHER JONES
ReturnHeader/ReturnTs02022-05-13T17:05:28-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0ANDREW
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0COLLINS
ReturnHeader/TaxPeriodBeginDt02020-07-01
ReturnHeader/TaxPeriodEndDt02021-06-30
ReturnHeader/TaxYr02020

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$335,771
Liabilities
$806,855
Net assets
-$471,084
Revenue
$1,682,550
Expenses
$1,612,340
Net income
$70,210
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