Overview
What is New Learning Ventures Inc?
New Learning Ventures Inc, located in Phoenix, Arizona, is a dedicated nonprofit organization with a mission to revolutionize learning and foster innovation for a better future. With a workforce of 14 individuals, they envision a thriving Arizona, boasting a skilled workforce and healthy communities, all stemming from impactful and meaningful learning experiences for children. Their ventures encompass Acton Academy Phoenix and Phoenix Modern, both dedicated to inspiring individuals to discover their unique calling that could potentially transform the world. New Learning Ventures, Inc. is rethinking traditional education methods to positively impact Arizona's future.
Official website here: www.newlearningventures.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 77%, Three-Star out of Four Stars
New Learning Ventures Inc has received a Three-Star rating from Charity Navigator, indicating that it has a satisfactory level of accountability and finance practices. The overall score is derived solely from its Accountability & Finance metrics, where it scored 77%. This score reflects the organization's strong financial health, particularly in areas like independent board membership and its adherence to financial auditing standards.
The nonprofit boasts a majority of independent board members and has successfully implemented a conflict of interest policy, which are positive indicators of governance and organizational integrity. Additionally, it has no reported material diversions of assets and maintains transparency through proper documentation of board meeting minutes. Furthermore, the program expense ratio of 76.73% suggests that a significant portion of its funding is directed towards its programs.
However, the organization does face some limitations, notably the absence of a whistleblower policy, which could affect its overall governance score. Additionally, the liabilities to assets ratio standing at 111.90% raises some concerns regarding its financial leverage. Overall, while New Learning Ventures Inc demonstrates commendable fiscal practices, addressing these gaps could enhance its credibility and operational effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is New Learning Ventures Inc legitimate?
New Learning Ventures Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. New Learning Ventures Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $100,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $739,071
For more financial information, click here
Official website here: www.newlearningventures.org
What is the mission statement of New Learning Ventures Inc?
New Learning Ventures Inc, an organization that challenges traditional learning methods, aims to positively impact the future by fostering innovation. They envision a prosperous society with a skilled workforce and healthy communities, primarily driven by effective and meaningful learning experiences for children. Their ventures, including Acton Academy Phoenix and Phoenix Modern, are integral parts of this mission. The organization's goal is to generate a thriving environment where children can develop the necessary skills to contribute positively to society.
Official website here: www.newlearningventures.org
Who is the CEO of New Learning Ventures Inc?
Andrew Collins is the President/Se of New Learning Ventures Inc.
Official website here: www.newlearningventures.org
What is the revenue of New Learning Ventures Inc?
New Learning Ventures Inc's revenue in 2022 was $1,488,469.
Official website here: www.newlearningventures.org
Who are the executives of New Learning Ventures Inc and what are their salaries?
The average compensation at New Learning Ventures Inc during 2022 was $59,934. There are 14 employees at New Learning Ventures Inc.
Here are 4 key members and their salaries:
- Compensation: $92,798
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.newlearningventures.org
Where can I find the form 990 for New Learning Ventures Inc?
New Learning Ventures Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.newlearningventures.org
Learn more at the official website: www.newlearningventures.org
Mission Statement of New Learning Ventures Inc
New Learning Ventures Inc, an organization dedicated to rethinking learning and fostering innovation, aims to positively impact the future of their state. They envision a thriving Arizona with a talented and competitive workforce and healthy communities, all stemming from highly effective and meaningful learning opportunities for children. Their ventures include Acton Academy Phoenix and Phoenix Modern, reflecting their commitment to revolutionizing education and shaping the future of their state.
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Impact
July, 2024
New Learning Ventures Inc is reshaping the landscape of education and innovation in Arizona. By rethinking traditional learning methods, they are paving the way for a future where communities are thriving with a talented workforce and healthy environments. Through ventures like Acton Academy Phoenix and Phoenix Modern, they are inspiring individuals to discover their true calling and make a meaningful impact on the world. Their dedication to fostering innovation is creating a ripple effect that positively impacts the future of the state.
This information is meant to be a general summary of New Learning Ventures Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Program Service Revenue: $266,513
- Gross Receipts: $1,488,469
Assets and Liabilities:
- Total Assets: $194,647
- Total Liabilities: $870,993
- Net Assets: -$676,346
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TUITION
Revenue
$197,668
SCHOOL ACTIVITIES
Revenue
$68,845
Organization Details
Founding Year
2016
Phone
(602) 740-9271Principal Officer
Andrew Collins
Main Address
200 E MITCHELL DRIVE, PHOENIX, AZ, 85012
Website
www.newlearningventures.orgNTEE Category
Code: B20 - Education
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