Civic Intelligence

New Learning Ventures Inc.

990 • Fiscal year 2023 • EIN 81-3455705

Jul 01, 2022 to Jun 30, 2023 • Filed on May 06, 2024

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

95th percentile

1.12x

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

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Liabilities / Revenue

94th percentile

2.91x

Higher debt load relative to revenue than 94% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Net Margin

54th percentile

5.9%

Higher net margin than 54% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Top Officer Pay

70th percentile

$105,040

Higher top officer pay than 70% of similar nonprofits.

Top officer pay equals 5.7% of source-year revenue.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Asset Growth

100th percentile

2348%

Faster asset growth than 100% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Revenue Growth

70th percentile

23%

Faster revenue growth than 70% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets95th percentile

Assets

Up

$4,764,156

Up $4,569,509 (+2348%) from 2022

Net Assets

Up

-$567,218

Up $109,128 (+16%) from 2022

Liabilities

Up

$5,331,374

Up $4,460,381 (+512%) from 2022

Revenue And Expenses
Liabilities / Revenue94th percentileNet Margin54th percentile

Revenue

Up

$1,834,293

Up $345,824 (+23%) from 2022

Expenses

Up

$1,725,165

Up $31,434 (+1.9%) from 2022

Net Income

Up

$109,128

Up $314,390 (+153%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth100th 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

2023

Assets$4,764,156
Liabilities$5,331,374
Net Assets-$567,218
Open 2023 Filing

Operations Trend

Revenue Growth70th 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

2023

Revenue$1,834,293
Expenses$1,725,165
Net Income$109,128
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2022 to Jun 30, 2023
Signed
May 6, 2024
Return Version
2022v5.0
Gross Receipts
$1,834,293
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
Land, Buildings, and Equipment, Net$85,865$3,690,814▲ $3,604,949
Cash and Non-Interest-Bearing Accounts$85,757$1,050,811▲ $965,054
Loans From Officers Directors$265,777--
Accounts Receivable$2,605$20,611▲ $18,006
Total Assets$194,647$4,764,156▲ $4,569,509
Other Assets Total$20,420$1,920▼ $18,500
Liabilities
Tax Exempt Bond Liabilities-$4,951,365-
Accounts Payable and Accrued Expenses$173,683$280,009▲ $106,326
Other Liabilities$277,995--
Unsecured Notes Loans Payable$95,000$100,000▲ $5,000
Mortgage Notes Payable Secured by Investment Property$58,538--
Total Liabilities$870,993$5,331,374▲ $4,460,381
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-676,346$-567,218▲ $109,128
Total Net Assets Fund Balance$-676,346$-567,218▲ $109,128
Total Liabilities and Net Assets / Fund Balance$194,647$4,764,156▲ $4,569,509

Asset Categories

AssetBook ValueDepreciationBasis
Land$2,387,212-$2,387,212
Other Land Buildings$1,030,937-$1,030,937
Buildings$269,278$5,770$275,048
Equipment$3,387$11,390$14,777
Compensation and Service Providers
Top Officer Pay70th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Andrew CollinsPresident/seFT$90,438$14,602$105,040

Board Members and Trustees

NameTitle
Steven WheelerMember
Tyler JohnsonMember
James Aaron KlusmanTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Judy Belkis StepsSpecial Educati131 E SECRETARIAT DRIVE, Tempe, AZ 85284$102,660
Revenue and Support

Revenue Composition

Contributions and Grants
$1,529,552
Program Service Revenue
$260,713
Investment Income
$44,028
Other Revenue
$0
All Other Contributions
$18,183
Change in Net Assets
$109,128
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$968,484
Other Expenses$756,681
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$522,985$199,380-$722,365
Interest$297,381$52,479-$349,860
Occupancy$116,741$20,601-$137,342
Fees for Services Other$103,454$19,489-$122,943
Current Officers, Directors, Trustees, and Key Employees$51,108$51,108-$102,216
Other Employee Benefits$69,864$10,959-$80,823
Office Expenses$54,548$17,705-$72,253
Payroll Taxes$43,918$19,162-$63,080
Fees for Services Accounting-$37,585-$37,585
Insurance-$15,784-$15,784
Advertising$10,191--$10,191
Depreciation Depletion$7,086$1,251-$8,337
Fees for Services Legal-$1,470-$1,470
Travel$916--$916
Total Functional Expenses$1,278,192$446,973$0$1,725,165
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
-DirectorLeasing of FacilityNo$24,200

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$265,777--
Debt and Bond Financing

Bond Issues

BondIssuerIssuedIssue PricePurpose
AIda Revenue Bonds Series 2022a2022-07-26$4,820,000BUILDING PURCHASE
BIda Revenue Bond Series 2022b2022-07-26$635,000BUILDING PURCHASE

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A$4,820,000--$103,228
B$635,000--$286,462

Bond Financing Compliance

No rebate due
No
Rebate not yet due
No
Form 8038-T filed
No
Gross proceeds invested
No
Gross proceeds invested in GIC
No
Exception to rebate
No
Corrective action procedures
No
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
2024-05-06
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
18

Preparer

Firm
Aspire Business Consultants
Address
17505 N 79TH AVE STE 405, GLENDALE, AZ 85308
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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IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt02387212
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt01030937
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt01030937
IRS990ScheduleD/TotalBookValueLandBuildingsAmt03690814
IRS990ScheduleE/ComplianceWithRevProc7550Ind0true
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd0false
IRS990ScheduleE/DiscriminateRaceAthltProgInd0false
IRS990ScheduleE/DiscriminateRaceEducPlcyInd0false
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd0false
IRS990ScheduleE/DiscriminateRaceOtherActyInd0false
IRS990ScheduleE/DiscriminateRaceSchsInd0false
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd0false
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd0false
IRS990ScheduleE/GovernmentFinancialAidRcvdInd0true
IRS990ScheduleE/GovernmentFinancialAidRvkdInd0false
IRS990ScheduleE/MaintainCpyOfAllSolInd0true
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd0true
IRS990ScheduleE/MaintainRacialCompRecsInd0true
IRS990ScheduleE/MaintainScholarshipsRecsInd0true
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd0true
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd0true
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd0true
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 PROGRAMS BASED ON ENROLLMENT IN THE ORGANIZATION.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, LINE 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE E, LINE 6
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleK/ProceduresCorrectiveActionGrp/BondReferenceCd0A
IRS990ScheduleK/ProceduresCorrectiveActionGrp/BondReferenceCd1B
IRS990ScheduleK/ProceduresCorrectiveActionGrp/ProceduresCorrectiveActionInd0false
IRS990ScheduleK/ProceduresCorrectiveActionGrp/ProceduresCorrectiveActionInd1false
IRS990ScheduleK/SupplementalInformationDetail/ExplanationTxt0IDA REVENUE BONDS SERIES 2022A BUILDING PURCHASE
IRS990ScheduleK/SupplementalInformationDetail/ExplanationTxt1IDA REVENUE BOND SERIES 2022B BUILDING PURCHASE
IRS990ScheduleK/SupplementalInformationDetail/FormAndLineReferenceDesc0PURPOSE OF ISSUE DESCRIPTION
IRS990ScheduleK/SupplementalInformationDetail/FormAndLineReferenceDesc1PURPOSE OF ISSUE DESCRIPTION
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/BondReferenceCd0A
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IRS990ScheduleK/TaxExemptBondsArbitrageGrp/ExceptionToRebateInd1false
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IRS990ScheduleK/TaxExemptBondsArbitrageGrp/Form8038TFiledInd1false
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/GrossProceedsInvestedInd0false
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/GrossProceedsInvestedInd1false
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/GrossProceedsInvestedInGICInd0false
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/GrossProceedsInvestedInGICInd1false
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/HedgeIdentifiedInBksAndRecInd0false
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/HedgeIdentifiedInBksAndRecInd1false
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/NoRebateDueInd0false
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/NoRebateDueInd1false
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/RebateNotDueYetInd0false
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/RebateNotDueYetInd1false
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/VariableRateIssueInd0false
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/VariableRateIssueInd1false
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/WrittenProcToMonitorReqsInd0false
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/WrittenProcToMonitorReqsInd1false
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondIssuedDt02022-07-26
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondIssuedDt12022-07-26
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondIssuerEIN0813455705
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondIssuerEIN1813455705
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IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondReferenceCd1B
IRS990ScheduleK/TaxExemptBondsIssuesGrp/CUSIPNum056681NHA8
IRS990ScheduleK/TaxExemptBondsIssuesGrp/CUSIPNum156681NHB6
IRS990ScheduleK/TaxExemptBondsIssuesGrp/DefeasedInd0false
IRS990ScheduleK/TaxExemptBondsIssuesGrp/DefeasedInd1false
IRS990ScheduleK/TaxExemptBondsIssuesGrp/IssuePriceAmt04820000
IRS990ScheduleK/TaxExemptBondsIssuesGrp/IssuePriceAmt1635000
IRS990ScheduleK/TaxExemptBondsIssuesGrp/IssuerName/BusinessNameLine1Txt0IDA REVENUE BONDS SERIES 2022A
IRS990ScheduleK/TaxExemptBondsIssuesGrp/IssuerName/BusinessNameLine1Txt1IDA REVENUE BOND SERIES 2022B
IRS990ScheduleK/TaxExemptBondsIssuesGrp/OnBehalfOfIssuerInd0false
IRS990ScheduleK/TaxExemptBondsIssuesGrp/OnBehalfOfIssuerInd1false
IRS990ScheduleK/TaxExemptBondsIssuesGrp/PoolFinancingInd0false
IRS990ScheduleK/TaxExemptBondsIssuesGrp/PoolFinancingInd1false
IRS990ScheduleK/TaxExemptBondsIssuesGrp/PurposeDesc0BUILDING PURCHASE
IRS990ScheduleK/TaxExemptBondsIssuesGrp/PurposeDesc1BUILDING PURCHASE
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/AnyLeaseArrangementsInd0false
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/AnyLeaseArrangementsInd1false
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/AnyResearchAgreementsInd0false
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/AnyResearchAgreementsInd1false
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/BondIssMeetPrvtSecPymtTestInd0false
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/BondIssMeetPrvtSecPymtTestInd1false
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/BondReferenceCd0A
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/BondReferenceCd1B
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/ChangeInUseBondFinancedPropInd0false
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/ChangeInUseBondFinancedPropInd1false
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/MgmtContractBondFincdPropInd0false
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/MgmtContractBondFincdPropInd1false
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/OwningBondFinancedPropertyInd0false
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/OwningBondFinancedPropertyInd1false
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/ProcsNonqualifiedBondRemdtdInd0false
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/ProcsNonqualifiedBondRemdtdInd1false
IRS990ScheduleK/TaxExemptBondsProceedsGrp/AdequateBooksAndRecMaintInd0true
IRS990ScheduleK/TaxExemptBondsProceedsGrp/AdequateBooksAndRecMaintInd1true
IRS990ScheduleK/TaxExemptBondsProceedsGrp/BondReferenceCd0A
IRS990ScheduleK/TaxExemptBondsProceedsGrp/BondReferenceCd1B
IRS990ScheduleK/TaxExemptBondsProceedsGrp/CapitalExpendituresAmt04145196
IRS990ScheduleK/TaxExemptBondsProceedsGrp/CapitalExpendituresAmt1348538
IRS990ScheduleK/TaxExemptBondsProceedsGrp/CapitalizedInterestAmt0400949
IRS990ScheduleK/TaxExemptBondsProceedsGrp/FinalAllocationMadeInd0true
IRS990ScheduleK/TaxExemptBondsProceedsGrp/FinalAllocationMadeInd1true
IRS990ScheduleK/TaxExemptBondsProceedsGrp/IssuanceCostsFromProceedsAmt0103228
IRS990ScheduleK/TaxExemptBondsProceedsGrp/IssuanceCostsFromProceedsAmt1286462
IRS990ScheduleK/TaxExemptBondsProceedsGrp/RefundingTaxableBondsInd0false
IRS990ScheduleK/TaxExemptBondsProceedsGrp/RefundingTaxableBondsInd1false
IRS990ScheduleK/TaxExemptBondsProceedsGrp/RefundingTaxExemptBondsInd0false
IRS990ScheduleK/TaxExemptBondsProceedsGrp/RefundingTaxExemptBondsInd1false
IRS990ScheduleK/TaxExemptBondsProceedsGrp/SubstantialCompletionYr02022
IRS990ScheduleK/TaxExemptBondsProceedsGrp/SubstantialCompletionYr12022
IRS990ScheduleK/TaxExemptBondsProceedsGrp/TotalProceedsAmt04820000
IRS990ScheduleK/TaxExemptBondsProceedsGrp/TotalProceedsAmt1635000
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/BusinessName/BusinessNameLine1Txt0REDEMPTION CHURCH
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0DIRECTOR
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd0false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt024200
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0LEASING OF FACILITY
IRS990ScheduleL/SupplementalInformationDetail/ExplanationTxt0ACTON ACADEMY LEASES THE FACILITY FROM REDEMPTION CHURCH, WHERE TYLER JOHNSON IS A SENIOR LEADER AND STEVE WHEELER IS A VOLUNTEER ELDER AT THE REDEMPTION CHURCH ARCADIA.
IRS990ScheduleL/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE L, PART V
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/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
IRS990ScheduleR/IdDisregardedEntitiesGrp/EIN0352568616
IRS990ScheduleR/IdDisregardedEntitiesGrp/EndOfYearAssetsAmt086157
IRS990ScheduleR/IdDisregardedEntitiesGrp/LegalDomicileStateCd0AZ
IRS990ScheduleR/IdDisregardedEntitiesGrp/PrimaryActivitiesTxt0PRIVATE SC
IRS990ScheduleR/IdDisregardedEntitiesGrp/TotalIncomeAmt0241160
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/AddressLine1Txt03330 EAST CAMELBACK
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/CityNm0PHOENIX
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/StateAbbreviationCd0AZ
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/ZIPCd085018
IRS990/SchoolOperatingInd0true
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0AZ
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondLiabilitiesGrp/EOYAmt04951365
IRS990/TaxExemptBondsInd0true
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0194647
IRS990/TotalAssetsEOYAmt04764156
IRS990/TotalAssetsGrp/BOYAmt0194647
IRS990/TotalAssetsGrp/EOYAmt04764156
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt01529552
IRS990/TotalEmployeeCnt018
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0446973
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01278192
IRS990/TotalFunctionalExpensesGrp/TotalAmt01725165
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0870993

Document Assets

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Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$4,764,156
Liabilities
$5,331,374
Net assets
-$567,218
Revenue
$1,834,293
Expenses
$1,725,165
Net income
$109,128
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