Civic Intelligence

Innovative Learning Inc.

990EZ • Fiscal year 2022 • EIN 82-2485633

Jul 01, 2021 to Jun 30, 2022 • Filed on Jan 12, 2023

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

95th percentile

1.40x

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

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

Liabilities / Revenue

95th percentile

1.38x

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

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

Net Margin

12th percentile

-67%

Higher net margin than 12% of similar nonprofits.

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

Top Officer Pay

88th percentile

$38,885

Higher top officer pay than 88% of similar nonprofits.

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

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

Asset Growth

94th percentile

259%

Faster asset growth than 94% of similar nonprofits.

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

Revenue Growth

17th percentile

-49%

Faster revenue growth than 17% of similar nonprofits.

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

Balance Sheet
Liabilities / Assets95th percentile

Assets

Up

$78,480

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

Net Assets

Down

-$31,320

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

Liabilities

Up

$109,800

Up $109,800 from 2021

Revenue And Expenses
Liabilities / Revenue95th percentileNet Margin12th 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

Historical Trend

Balance Sheet Trend

Asset Growth94th 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

2022

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

Operations Trend

Revenue Growth17th 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

2022

Revenue$79,718
Expenses$132,888
Net Income-$53,170
Open 2022 Filing
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 Pay88th 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.

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IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0Executive Dir.
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1Chair
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2Vice Chair
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3Sec./Treas.
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IRS990EZ/OtherExpensesTotalAmt040156
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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.
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IRS990EZ/SpecialEventsDirectExpensesAmt00
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IRS990EZ/TaxReimbursedByOrganizationAmt00
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IRS990EZ/TotalRevenueAmt079718
IRS990EZ/TransactionWithControlEntInd0false
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IRS990EZ/WebsiteAddressTxt0N/A
IRS990ScheduleA/First5Years170Ind0X
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt022471
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0133895
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0220227
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt066160
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0442753
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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
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Other Expenses.1
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Other Expenses.4
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8Other Expenses.6
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc10Other Expenses.8
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc11Other Expenses.10
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc12Total Liabilities.1007
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
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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
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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.

Filings

Displayed 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