Civic Intelligence

Innovative Learning Inc

EIN 82-2485633 • 501(c)3 • Charlotte, NC

Profile

Innovative Learning, Inc. is an educational service that promotes academics fused with the arts in both Reading and Math. We offer a tutoring program, after school, summer camp and special events. Our approach is that of making sure that we design a teaching structure that best meets the child's needs and learning styles.

5127 Cross StreetCharlotte, NC 28269

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

95th percentile

1.40x

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

NTEE B90 • <$500k nonprofits • Source year 2022

Liabilities / Revenue

96th percentile

1.38x

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

NTEE B90 • <$500k nonprofits • Source year 2022

Net Margin

9th percentile

-67%

Higher net margin than 9% of similar nonprofits.

NTEE B90 • <$500k nonprofits • Source year 2022

Top Officer Pay

94th percentile

$38,885

Higher top officer pay than 94% of similar nonprofits.

Top officer pay equals 48.8% of source-year revenue.

NTEE B90 • <$500k nonprofits • Source year 2022

Asset Growth

94th percentile

259%

Faster asset growth than 94% of similar nonprofits.

NTEE B90 • <$500k nonprofits • Annualized from 2021 to 2022

Revenue Growth

17th percentile

-49%

Faster revenue growth than 17% of similar nonprofits.

NTEE B90 • <$500k nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets95th percentile

Assets

Up

$78,480

Up $56,630 (+259%) from 2021

Liabilities

Up

$109,800

Up $109,800 from 2021

Net Assets

Down

-$31,320

Down $53,170 (-243%) from 2021

Operations
Liabilities / Revenue96th percentileNet Margin9th percentile

Revenue

Down

$79,718

Down $75,567 (-49%) from 2021

Expenses

Down

$132,888

Down $12,785 (-8.8%) from 2021

Net Income

Down

-$53,170

Down $62,782 (-653%) from 2021

Trend Graphs

Balance Sheet Trend

Asset Growth94th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$150K$100K$50K$0-$50KAssets 2018: $3,455Liabilities 2018: $5,000Net Assets 2018: -$1,5452018Assets 2019: $3,455Liabilities 2019: $5,0002019Assets 2020: $12,238Liabilities 2020: $0Net Assets 2020: $12,2382020Assets 2021: $21,850Liabilities 2021: $0Net Assets 2021: $21,8502021Assets 2022: $78,480Liabilities 2022: $109,800Net Assets 2022: -$31,3202022

Highlighted filing

2022

Assets$78,480
Liabilities$109,800
Net Assets-$31,320
Open 2022 Filing

Operations Trend

Revenue Growth17th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$200K$100K$0-$100KRevenue 2018: $66,160Expenses 2018: $67,705Net Income 2018: -$1,5452018Revenue 2019: $66,160Expenses 2019: $67,705Net Income 2019: -$1,5452019Revenue 2020: $127,079Expenses 2020: $114,866Net Income 2020: $12,2132020Revenue 2021: $155,285Expenses 2021: $145,673Net Income 2021: $9,6122021Revenue 2022: $79,718Expenses 2022: $132,888Net Income 2022: -$53,1702022

Highlighted filing

2022

Revenue$79,718
Expenses$132,888
Net Income-$53,170
Open 2022 Filing

Filings

Most recent year

2022 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$78,480
Liabilities
$109,800
Net assets
-$31,320
Revenue
$79,718
Expenses
$132,888
Net income
-$53,170
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2022Detailed filing. Detailed filing data is available for this year.$0.78$1.10$0.31$0.80$1.33$0.53
2021Detailed filing. Detailed filing data is available for this year.$0.22$0.00$0.22$1.55$1.46$0.10
2020Detailed filing. Detailed filing data is available for this year.$0.12$0.00$0.12$1.27$1.15$0.12
2019Summary only. Only limited summary data is available for this year.$0.03$0.05$0.66$0.68$0.02
2018Detailed filing. Detailed filing data is available for this year.$0.03$0.05$0.02$0.66$0.68$0.02
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2021 to Jun 30, 2022
Signed
Jan 12, 2023
Return Version
2021v4.1
Gross Receipts
$79,718
Mission and Program Overview

Mission

Innovative Learning, Inc. provides academic services through several programs including summer camp care, afterschool care and clubs and targeted tutoring. Innovative Learning, Inc. expresses its main purpose in its Vision Statement; To use innovative methods to produce academically sound students through the fine arts." By using innovative methods of teaching linked to every area of the arts, children are able to engage in higher level thinking and academic rigor across all content areas. This is the holistic approach used by Innovative Learning Master Instructors.

Program Services

DescriptionGrantsExpenses
Educational Assistance Program - The organization tutors students after school and throughout the summer on an individualized basis to ensure their academic success.-$99,669
Compensation and Service Providers
Top Officer Pay94th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Belinda ColterExecutive DirectorFT$38,885-$38,885
Gerald ColterChair-$0--
Thomas KirkleyVice Chair-$0--
Darius SellersSec./Treas.-$0--
Filing and Contact Details

Filer

Filer Name
Innovative Learning Inc
EIN
82-2485633
Phone
7047505930
Address
5127 Cross Street, Charlotte, NC 28269

Signing Officer

Name
Belinda Colter
Title
Executive Director
Signed
2023-01-12
Discuss with paid preparer
Yes

Preparer

Firm
C DeWitt Foard & Co PA
Address
817 E Morehead St Ste 100, Charlotte, NC 28202
Preparer
Garrett Summers
Phone
7043721515
Supplemental Narrative

Additional Explanations

Other Expenses.1002

“Office Expenses $1231”

Other Expenses.1005

“Travel $4590”

Other Expenses.1012

“Insurance $249”

Other Expenses.1

“Business Expense $17373”

Other Expenses.2

“Other $4101”

Other Expenses.3

“Supplies $3925”

Other Expenses.4

“Payroll Fees $2450”

Other Expenses.5

“Employee expenses $2411”

Other Expenses.6

“Meals $2035”

Other Expenses.7

“Loss on foreign exchange $885”

Other Expenses.8

“Bank and Credit Card Fees $816”

Other Expenses.10

“Equipment lease $90”

Total Liabilities.1007

“Secured Mortgages and Notes Payable - Beginning $0 Secured Mortgages and Notes Payable - Ending $109800”

Raw XML Appendix163 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.

Path#Value
IRS990EZ/ActivitiesNotPreviouslyRptInd0false
IRS990EZ/BooksInCareOfDetail/PersonNm0Belinda Colter
IRS990EZ/BooksInCareOfDetail/PhoneNum07047505930
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt07601 The Plaza
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0Charlotte
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0NC
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd028215
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt021850
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt078480
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd0false
IRS990EZ/ContributionsGiftsGrantsEtcAmt022471
IRS990EZ/CostOfGoodsSoldAmt00
IRS990EZ/CostOrOtherBasisExpenseSaleAmt00
IRS990EZ/DonorAdvisedFndsInd0false
IRS990EZ/EngagedInExcessBenefitTransInd0false
IRS990EZ/ExcessOrDeficitForYearAmt0-53170
IRS990EZ/FeesAndOtherPymtToIndCntrctAmt043013
IRS990EZ/FiledScheduleAInd0true
IRS990EZ/ForeignFinancialAccountInd0false
IRS990EZ/ForeignOfficeInd0false
IRS990EZ/Form1120PolFiledInd0false
IRS990EZ/Form990TotalAssetsGrp/BOYAmt021850
IRS990EZ/Form990TotalAssetsGrp/EOYAmt078480
IRS990EZ/FundraisingGrossIncomeAmt00
IRS990EZ/GrossReceiptsAmt079718
IRS990EZ/InfoInScheduleOPartIIInd0X
IRS990EZ/InfoInScheduleOPartIInd0X
IRS990EZ/LobbyingActivitiesInd0false
IRS990EZ/MadeLoansToFromOfficersInd0false
IRS990EZ/MethodOfAccountingCashInd0X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt021850
IRS990EZ/NetAssetsOrFundBalancesEOYAmt0-31320
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt021850
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt0-31320
IRS990EZ/OccupancyRentUtltsAndMaintAmt07950
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt040.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt12.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt22.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt32.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt038885
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt30
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0Belinda Colter
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1Gerald Colter
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2Thomas Kirkley
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm3Darius Sellers
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0Executive Dir.
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1Chair
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2Vice Chair
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3Sec./Treas.
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherExpensesTotalAmt040156
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd0false
IRS990EZ/PrimaryExemptPurposeTxt0Innovative Learning, Inc. provides academic services through several programs including summer camp care, afterschool care and clubs and targeted tutoring. Innovative Learning, Inc. expresses its main purpose in its Vision Statement; To use innovative methods to produce academically sound students through the fine arts." By using innovative methods of teaching linked to every area of the arts, children are able to engage in higher level thinking and academic rigor across all content areas. This is the holistic approach used by Innovative Learning Master Instructors.
IRS990EZ/PrintingPublicationsPostageAmt0140
IRS990EZ/ProgramServiceRevenueAmt057247
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0Educational Assistance Program - The organization tutors students after school and throughout the summer on an individualized basis to ensure their academic success.
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt099669
IRS990EZ/ProhibitedTaxShelterTransInd0false
IRS990EZ/RelatedOrganizationCtrlEntInd0false
IRS990EZ/SalariesOtherCompEmplBnftAmt041629
IRS990EZ/ScheduleBNotRequiredInd0X
IRS990EZ/SchoolOperatingInd0false
IRS990EZ/SpecialEventsDirectExpensesAmt00
IRS990EZ/SubjectToProxyTaxInd0false
IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt0109800
IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TaxImposedOnOrganizationMgrAmt00
IRS990EZ/TaxImposedUnderIRC4911Amt00
IRS990EZ/TaxImposedUnderIRC4912Amt00
IRS990EZ/TaxImposedUnderIRC4955Amt00
IRS990EZ/TaxReimbursedByOrganizationAmt00
IRS990EZ/TotalExpensesAmt0132888
IRS990EZ/TotalProgramServiceExpensesAmt099669
IRS990EZ/TotalRevenueAmt079718
IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990EZ/WebsiteAddressTxt0N/A
IRS990ScheduleA/First5Years170Ind0X
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt022471
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0133895
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0220227
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt066160
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0442753
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt00
IRS990ScheduleA/OtherIncome170Grp/TotalAmt00
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.00000
IRS990ScheduleA/PublicSupportTotal170Amt0442753
IRS990ScheduleA/SubstantialContributorsTotAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt00
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt022471
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0133895
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0220227
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt066160
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0442753
IRS990ScheduleA/TotalSupportAmt0442753
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt00
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Office Expenses $1231
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Travel $4590
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Insurance $249
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Business Expense $17373
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Other $4101
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Supplies $3925
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6Payroll Fees $2450
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7Employee expenses $2411
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8Meals $2035
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9Loss on foreign exchange $885
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt10Bank and Credit Card Fees $816
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt11Equipment lease $90
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt12Secured Mortgages and Notes Payable - Beginning $0 Secured Mortgages and Notes Payable - Ending $109800
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Other Expenses.1002
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Other Expenses.1005
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Other Expenses.1012
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Other Expenses.1
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Other Expenses.2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Other Expenses.3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Other Expenses.4
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Other Expenses.5
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8Other Expenses.6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc9Other Expenses.7
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc10Other Expenses.8
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc11Other Expenses.10
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc12Total Liabilities.1007
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/FederatedAssuranceLevelCd0FAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd03
ReturnHeader/BuildTS02023-03-07 01:45:13Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Belinda Colter
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Executive Dir.
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-01-12
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Innovative Learning Inc
ReturnHeader/Filer/BusinessNameControlTxt0INNO
ReturnHeader/Filer/EIN0822485633
ReturnHeader/Filer/PhoneNum07047505930
ReturnHeader/Filer/USAddress/AddressLine1Txt05127 Cross Street
ReturnHeader/Filer/USAddress/CityNm0Charlotte
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NC
ReturnHeader/Filer/USAddress/ZIPCd028269
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0561688300
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0C DeWitt Foard & Co PA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0817 E Morehead St Ste 100
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Charlotte
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd028202
ReturnHeader/PreparerPersonGrp/PhoneNum07043721515
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Garrett Summers
ReturnHeader/ReturnTs02023-01-12T13:56:37-08:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0Belinda
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0Colter
ReturnHeader/TaxPeriodBeginDt02021-07-01
ReturnHeader/TaxPeriodEndDt02022-06-30
ReturnHeader/TaxYr02021

Document Assets

No mirrored PDF or thumbnail assets are attached yet.