NEW LEARNING VENTURES INC

EIN: 813455705 501(c)(3) Education

PHOENIX, AZ

Total Revenue
$1,982,879
Total Expenses
$2,478,716
Total Assets
$4,297,684
Net Assets
$-1,349,904
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
2016
Legal Domicile
AZ
Principal Officer
ANDREW COLLINS
Phone
6027409271
Tax Period
2024-07-01 to 2025-06-30

NEW LEARNING VENTURES INC, founded in 2016, is a community nonprofit in the Education sector that reported $2.0M in total revenue in fiscal year 2024. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $2.5M exceeded revenue, resulting in a 25% operating deficit.

Mission

NEW LEARNING VENTURES, INC. IS RETHINKING LEARNING AND FOSTERING INNOVATION TO POSITIVELY IMPACT THE FUTURE OF OUR STATE. WE ENVISION A THRIVING ARIZONA WITH A TALENTED AND COMPETITIVE WORKFORCE AND HEALTHY COMMUNITIES GENERATED FROM HIGHLY EFFECTIVE AND MEANINGFUL LEARNING OPPORTUNITIES FOR CHILDREN. NLV'S VENTURES INCLUDE ACTON ACADEMY PHOENIX AND PHOENIX MODERN.

Program Service Accomplishments

Program 1
Expenses: $376,233 Revenue: $384,358

ACTON ACADEMY PHOENIX IS AN INDEPENDENT SMALL SCHOOL WHOSE MISSION IS TO INSPIRE EACH PERSON WHO ENTERS OUR DOORS TO FIND A CALLING THAT WILL CHANGE THE WORLD.

Program 2
Expenses: $1,473,499 Revenue: $107,924

PHOENIX MODERN IS A FREE, PUBLIC SCHOOL WHERE CHILDREN EXPLORE, CREATE, AND PREPARE FOR A LIFE FULL OF POSSIBILITY. IT IS A COMMUNITY OF LEARNERS DRIVEN BY AN INNATE SENSE OF WONDER, WHERE CHILDREN...

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PHOENIX MODERN IS A FREE, PUBLIC SCHOOL WHERE CHILDREN EXPLORE, CREATE, AND PREPARE FOR A LIFE FULL OF POSSIBILITY. IT IS A COMMUNITY OF LEARNERS DRIVEN BY AN INNATE SENSE OF WONDER, WHERE CHILDREN EXPERIENCE JOY AND LOVING RELATIONSHIPS, AND THE LEARNING APPROACH IS DESIGNED TO SUPPORT A LIFETIME OF GROWTH.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $1,486,090
Program Service Revenue $492,282
Investment Income $4,507
Other Revenue $0
TOTAL REVENUE $1,982,879

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,424,583
Fundraising Expenses $0
Program Expenses $1,849,732
Other Expenses $1,054,133
TOTAL EXPENSES $2,478,716

Year-over-Year Comparison

2024 2023 Change
Revenue $1,982,879 $1,826,211 +0.1%
Expenses $2,478,716 $2,113,060 +0.2%
Net Income $-495,837 $-286,849 +0.7%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
4
Independent Members
3
Employees
23
Volunteers
N/A

Governance Policies

✗ Conflict of Interest Policy
✗ Whistleblower Policy
✗ Document Retention Policy

Special Practices & Reported Activities

✓ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
2
$120,075
Total Directors
4
$120,075
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ANDREW COLLINS PRESIDENT/SE 40.00
Officer Director
$120,075 $0 $120,075
TYLER JOHNSON MEMBER 2.00
Director
$0 $0 $0
JAMES AARON KLUSMAN TREASURER 2.00
Officer Director
$0 $0 $0
STEVEN WHEELER MEMBER 2.00
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $1,982,879 $2,478,716 $4,297,684 $-495,837
2024 $1,826,211 $2,113,060 $4,475,742 $-286,849
2023 $1,834,293 $1,725,165 $4,764,156 $109,128
2022 $1,488,469 $1,693,731 $194,647 $-205,262
2021 $1,682,550 $1,612,340 $335,771 $70,210
2020 $954,914 $1,383,769 $270,073 $-428,855
2019 $485,721 $489,713 $198,802 $-3,992
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