Civic Intelligence

Innovative Learning Inc.

990EZ • Fiscal year 2021 • EIN 82-2485633

Jul 01, 2020 to Jun 30, 2021 • Filed on Sep 28, 2021

Organization ProfileN/A
5127 Cross StreetCharlotte, NC 28269

(704) 750-5930

Siviq Scores

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

Liabilities / Assets

48th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2021 filings • NTEE B90 • <$500k nonprofits • Source year 2021

Liabilities / Revenue

48th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2021 filings • NTEE B90 • <$500k nonprofits • Source year 2021

Net Margin

46th percentile

6.2%

Higher net margin than 46% of similar nonprofits.

2021 filings • NTEE B90 • <$500k nonprofits • Source year 2021

Top Officer Pay

86th percentile

$35,770

Higher top officer pay than 86% of similar nonprofits.

Top officer pay equals 23.0% of source-year revenue.

2021 filings • NTEE B90 • <$500k nonprofits • Source year 2021

Asset Growth

83rd percentile

79%

Faster asset growth than 83% of similar nonprofits.

2021 filings • NTEE B90 • <$500k nonprofits • Annualized from 2020 to 2021

Revenue Growth

60th percentile

22%

Faster revenue growth than 60% of similar nonprofits.

2021 filings • NTEE B90 • <$500k nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets48th percentile

Assets

Up

$21,850

Up $9,612 (+79%) from 2020

Net Assets

Up

$21,850

Up $9,612 (+79%) from 2020

Liabilities

Flat

$0

Flat from 2020

Revenue And Expenses
Liabilities / Revenue48th percentileNet Margin46th percentile

Revenue

Up

$155,285

Up $28,206 (+22%) from 2020

Expenses

Up

$145,673

Up $30,807 (+27%) from 2020

Net Income

Down

$9,612

Down $2,601 (-21%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth83rd percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$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

2021

Assets$21,850
Liabilities$0
Net Assets$21,850
Open 2021 Filing

Operations Trend

Revenue Growth60th percentile

Revenue, expenses, and net income across loaded years, with this 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

2021

Revenue$155,285
Expenses$145,673
Net Income$9,612
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
Sep 28, 2021
Return Version
2020v4.0
Gross Receipts
$155,285
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.$162,695-
Compensation and Service Providers
Top Officer Pay86th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Belinda ColterExecutive DirectorFT$35,770-$35,770
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
2021-09-28
Discuss with paid preparer
Yes

Preparer

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

Additional Explanations

Other Revenue.1

“Employee Retention Credit $1500”

Other Revenue.2

“Miscellaneous $812”

Other Expenses.1002

“Office Expenses $2422”

Other Expenses.1005

“Travel $201”

Other Expenses.1012

“Insurance $298”

Other Expenses.1

“Business Expense $2493”

Other Expenses.2

“Other $2356”

Other Expenses.3

“Payroll Fees $1393”

Other Expenses.4

“Supplies $1331”

Other Expenses.5

“Bank and Credit Card Fees $627”

Other Expenses.6

“Meals $612”

Other Expenses.7

“Equipment lease $100”

Raw XML Appendix164 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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IRS990EZ/OtherRevenueTotalAmt02312
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Travel $201
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Insurance $298
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Business Expense $2493
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ReturnHeader/PreparerPersonGrp/PhoneNum07043721515
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Garrett Summers
ReturnHeader/ReturnTs02021-09-28T07:34:43-07:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0Belinda
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0Colter
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 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$21,850
Liabilities
$0
Net assets
$21,850
Revenue
$155,285
Expenses
$145,673
Net income
$9,612
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