Civic Intelligence

Virginia Learns

990 • Fiscal year 2023 • EIN 85-3978793

Jan 01, 2023 to Dec 31, 2023 • Filed on Sep 10, 2024

3420 Pump Rd 270Richmond, VA 23233

(804) 363-9262

Siviq Scores

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

Liabilities / Assets

66th percentile

0.01x

Higher debt load relative to assets than 66% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Liabilities / Revenue

61st percentile

0.00x

Higher debt load relative to revenue than 61% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Net Margin

24th percentile

-14%

Higher net margin than 24% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Top Officer Pay

99th percentile

$205,997

Higher top officer pay than 99% of similar nonprofits.

Top officer pay equals 45.3% of source-year revenue.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Asset Growth

11th percentile

-50%

Faster asset growth than 11% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Revenue Growth

59th percentile

13%

Faster revenue growth than 59% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Assets

Down

$62,451

Down $62,265 (-50%) from 2022

Net Assets

Down

$61,790

Down $62,926 (-50%) from 2022

Liabilities

Up

$661

Up $661 from 2022

Revenue

Up

$454,700

Up $52,153 (+13%) from 2022

Expenses

Up

$517,626

Up $105,484 (+26%) from 2022

Net Income

Down

-$62,926

Down $53,331 (-556%) from 2022

Historical Trend

Balance Sheet Trend

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

$300K$200K$100K$0Assets 2020: $248,675Liabilities 2020: $0Net Assets 2020: $248,6752020Assets 2021: $134,311Liabilities 2021: $0Net Assets 2021: $134,3112021Assets 2022: $124,716Liabilities 2022: $0Net Assets 2022: $124,7162022Assets 2023: $62,451Liabilities 2023: $661Net Assets 2023: $61,7902023Assets 2024: $169,077Liabilities 2024: $30,750Net Assets 2024: $138,3272024

Highlighted filing

2023

Assets$62,451
Liabilities$661
Net Assets$61,790

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$600K$400K$200K$0-$200KRevenue 2020: $250,000Expenses 2020: $1,325Net Income 2020: $248,6752020Revenue 2021: $107,472Expenses 2021: $221,836Net Income 2021: -$114,3642021Revenue 2022: $402,547Expenses 2022: $412,142Net Income 2022: -$9,5952022Revenue 2023: $454,700Expenses 2023: $517,626Net Income 2023: -$62,9262023Revenue 2024: $584,513Expenses 2024: $507,976Net Income 2024: $76,5372024

Highlighted filing

2023

Revenue$454,700
Expenses$517,626
Net Income-$62,926
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Sep 10, 2024
Return Version
2023v5.0
Gross Receipts
$454,700
Mission and Program Overview

Mission

Virginia Learns brings together education, business, and community leaders with the shared goal of a more modern and equitable Virginia public education system.

Virginia learns brings together education, business, and community leaders with the shared goal of a more innovative and equitable virginia public education system.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$56,048$60,201▲ $4,153
Pledges and Grants Receivable$50,000--
Accounts Receivable$18,668$2,250▼ $16,418
Total Assets$124,716$62,451▼ $62,265
Liabilities
Accounts Payable and Accrued Expenses-$661-
Total Liabilities$0$661▲ $661
Net Assets / Fund Balance
Net Assets With Donor Restrictions$10,000$42,315▲ $32,315
Net Assets Without Donor Restrictions$114,716$19,475▼ $95,241
Total Net Assets Fund Balance$124,716$61,790▼ $62,926
Total Liabilities and Net Assets / Fund Balance$124,716$62,451▼ $62,265
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Robert NombergPresident anFT$205,997$205,997
Robert NombergPresident and CEO-$205,997$205,997

Board Members and Trustees

NameTitle
John AsburyChair and Tr
Barbara JohnsonDirector
Dr Stewart RobersonDirector
Ed BaineDirector
Elena EdwardsDirector
Fred ThompsonDirector
Jeff RickettsDirector
Jim UkropDirector
Lisa RodayDirector
Rob EstesDirector
Sharon Dabney-wooldridgeDirector
Tom McinerneyDirector
Gil BlandSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$233,210
Program Service Revenue
$217,090
Investment Income
$0
Other Revenue
$4,400
All Other Contributions
$233,210
Change in Net Assets
$-62,926
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$333,098
Other Expenses$184,528
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$205,997--$205,997
Other Salaries and Wages$80,000--$80,000
Other Employee Benefits$28,150--$28,150
Payroll Taxes$18,951--$18,951
Travel$5,247$4,853-$10,100
Fees for Services Management-$7,702-$7,702
Fees for Services Accounting-$6,640-$6,640
Other Expenses$5,148--$5,148
Office Expenses-$956-$956
Fees for Services Legal$640--$640
Insurance$627--$627
All Other Expenses$217$397-$614
Advertising$386--$386
Total Functional Expenses$497,078$20,548$0$517,626
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
No
Business relationship with 35% controlled entity
No
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
Yes

Governance Explanations

Form 990, Page 6, Part VI, Line 3

Payroll preparation duties have been outsourced to gusto.

Form 990, Page 6, Part VI, Line 11B

The chief executive officer performs the initial review of the form 990. A draft copy of the form 990 is shared with the chair, president, secretary and treasurer for review. Upon satisfactory review, the full board receives a copy of the form 990 for review prior to filing.

Form 990, Page 6, Part VI, Line 12C

Virginia learns has a written conflict of interest policy. Each director reviews annually for completion and acknowledgment. The disclosure statements are reviewed by ceo and board chair to determine if further action is needed.

Form 990, Page 6, Part VI, Line 15A

The chief executive officer's compensation and benefit package is reviewed annually by board members compared data of similar organizatons, discussed and voted.

Form 990, Page 6, Part VI, Line 19

Governing documents , policies, and financial statements are available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Virginia Learns
EIN
85-3978793
Phone
8043639262
Address
3420 PUMP RD 270, RICHMOND, VA 23233
Doing Business As
Non- Profit

Signing Officer

Name
Robert Nomberg
Title
President and CEO
Phone
8043639262
Signed
2024-09-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Robert Nomberg
Formed
2020
Legal Domicile
Va
Voting Board Members
14
Independent Board Members
14
Employees
2
Volunteers
13

Preparer

Firm
Clarkson David CPA Pc
Address
16595 POUNCEY TRACT RD SUITE A, ROCKVILLE, VA 23146
Preparer
Cheri G David CPA Cva
Phone
8047494500
Supplemental Narrative

Additional Explanations

Form 990, Page 1, Part I, Line 6

Members of the board of directors volunteer their time and services.

Form 990, Page 2, Part III, Line 4A

Commonwealth learning partnership and valin virginia learns supported the commonwealth learning partnership's virginia leads innovation network (valin) 4.0, supporting over 125 educators across more than two dozen school divisions in virginia. This initiative aimed to prepare educators interested in pursuing future leadership roles, including positions such as superintendent. Accelerate virginia high impact tutoring following our successful pilot program with cumberland county public schools, we extended tutoring services over the summer, utilizing the virginia department of education's k-12 learning acceleration grants. These grants enabled us to support 29 students from across virginia with the help of 12 tutors. In total, 216 sessions were conducted, amounting to 185 hours of instruction in both english and math, covering all grade levels. Additionally, we launched a new initiative at fairfield middle school in henrico county, where five tutors supported 90 6th-grade math students. Durable skills capital one offered pro bono assistance to produce our inaugural durable skills video, featuring greenwood elementary school in henrico county. The video includes interviews with greenwood educators and students and insights from business and education leaders. Virginia learns co-hosted a symposium with america succeeds, bringing together business and education leaders across virginia to discuss durable skills. This group collaborated to develop a rubric outlining the essential durable skills needed in the workforce, such as critical thinking, communication, collaboration, and leadership.

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IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT AN
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0MEMBERS OF THE BOARD OF DIRECTORS VOLUNTEER THEIR TIME AND SERVICES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1COMMONWEALTH LEARNING PARTNERSHIP AND VALIN VIRGINIA LEARNS SUPPORTED THE COMMONWEALTH LEARNING PARTNERSHIP'S VIRGINIA LEADS INNOVATION NETWORK (VALIN) 4.0, SUPPORTING OVER 125 EDUCATORS ACROSS MORE THAN TWO DOZEN SCHOOL DIVISIONS IN VIRGINIA. THIS INITIATIVE AIMED TO PREPARE EDUCATORS INTERESTED IN PURSUING FUTURE LEADERSHIP ROLES, INCLUDING POSITIONS SUCH AS SUPERINTENDENT. ACCELERATE VIRGINIA HIGH IMPACT TUTORING FOLLOWING OUR SUCCESSFUL PILOT PROGRAM WITH CUMBERLAND COUNTY PUBLIC SCHOOLS, WE EXTENDED TUTORING SERVICES OVER THE SUMMER, UTILIZING THE VIRGINIA DEPARTMENT OF EDUCATION'S K-12 LEARNING ACCELERATION GRANTS. THESE GRANTS ENABLED US TO SUPPORT 29 STUDENTS FROM ACROSS VIRGINIA WITH THE HELP OF 12 TUTORS. IN TOTAL, 216 SESSIONS WERE CONDUCTED, AMOUNTING TO 185 HOURS OF INSTRUCTION IN BOTH ENGLISH AND MATH, COVERING ALL GRADE LEVELS. ADDITIONALLY, WE LAUNCHED A NEW INITIATIVE AT FAIRFIELD MIDDLE SCHOOL IN HENRICO COUNTY, WHERE FIVE TUTORS SUPPORTED 90 6TH-GRADE MATH STUDENTS. DURABLE SKILLS CAPITAL ONE OFFERED PRO BONO ASSISTANCE TO PRODUCE OUR INAUGURAL DURABLE SKILLS VIDEO, FEATURING GREENWOOD ELEMENTARY SCHOOL IN HENRICO COUNTY. THE VIDEO INCLUDES INTERVIEWS WITH GREENWOOD EDUCATORS AND STUDENTS AND INSIGHTS FROM BUSINESS AND EDUCATION LEADERS. VIRGINIA LEARNS CO-HOSTED A SYMPOSIUM WITH AMERICA SUCCEEDS, BRINGING TOGETHER BUSINESS AND EDUCATION LEADERS ACROSS VIRGINIA TO DISCUSS DURABLE SKILLS. THIS GROUP COLLABORATED TO DEVELOP A RUBRIC OUTLINING THE ESSENTIAL DURABLE SKILLS NEEDED IN THE WORKFORCE, SUCH AS CRITICAL THINKING, COMMUNICATION, COLLABORATION, AND LEADERSHIP.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2PAYROLL PREPARATION DUTIES HAVE BEEN OUTSOURCED TO GUSTO.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE CHIEF EXECUTIVE OFFICER PERFORMS THE INITIAL REVIEW OF THE FORM 990. A DRAFT COPY OF THE FORM 990 IS SHARED WITH THE CHAIR, PRESIDENT, SECRETARY AND TREASURER FOR REVIEW. UPON SATISFACTORY REVIEW, THE FULL BOARD RECEIVES A COPY OF THE FORM 990 FOR REVIEW PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4VIRGINIA LEARNS HAS A WRITTEN CONFLICT OF INTEREST POLICY. EACH DIRECTOR REVIEWS ANNUALLY FOR COMPLETION AND ACKNOWLEDGMENT. THE DISCLOSURE STATEMENTS ARE REVIEWED BY CEO AND BOARD CHAIR TO DETERMINE IF FURTHER ACTION IS NEEDED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE CHIEF EXECUTIVE OFFICER'S COMPENSATION AND BENEFIT PACKAGE IS REVIEWED ANNUALLY BY BOARD MEMBERS COMPARED DATA OF SIMILAR ORGANIZATONS, DISCUSSED AND VOTED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6GOVERNING DOCUMENTS , POLICIES, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST.
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ReturnHeader/BuildTS02024-08-08 14:25:15Z
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ReturnHeader/BusinessOfficerGrp/PersonNm0ROBERT NOMBERG
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT AND CEO
ReturnHeader/BusinessOfficerGrp/PhoneNum08043639262
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-09-10
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0VIRGINIA LEARNS
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ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0CLARKSON DAVID CPA PC
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