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← VERANO LEARNING PARTNERS

Form 990 for tax year 2022

Filed by VERANO LEARNING PARTNERS.

Totals

Total revenue
$4,958,945
Total expenses
$4,476,621
Contributions and grants received
$3,568,535
Grants paid
$26,149
Program service revenue
$256,513
Investment income
$1,132,133
Other revenue
$1,764
Total assets, end of year
$49,153,677
Total liabilities, end of year
$8,200,208
Net assets or fund balances, end of year
$40,953,469
Program services expenses (Part IX)
$3,402,586
Management and general expenses
$1,074,035
Fundraising expenses
$0
Program service expenses (Part III)
$3,402,586

Program services were 76.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1e · Government grants (contributions)

    $3,076,376

  • 1f · All other contributions, gifts and grants

    $492,159

  • 1g · Noncash contributions included above

    $492,159

  • 2a · Program service revenue: TUITION

    total $256,513 · related or exempt $256,513

  • 3 · Investment income

    total $1,461,227 · excluded $1,461,227

  • 7a · Gross sales of assets other than inventory

    securities $8,190,677

  • 7b · Less cost or other basis and sales expenses

    securities $8,519,771

  • 7c · Gain or loss

    securities -$329,094

  • 7d · Net gain or loss

    total -$329,094 · excluded -$329,094

  • 11a · Other revenue: OTHER REVENUE

    total $1,764 · related or exempt $1,764

  • 11e · Other revenue, total

    $1,764

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $26,149 · program services $26,149

  • 5 · Compensation of officers, directors and key employees

    total $97,120 · management and general $97,120

  • 7 · Other salaries and wages

    total $834,757 · program services $647,736 · management and general $187,021

  • 8 · Pension plan contributions

    total $113,529 · program services $108,968 · management and general $4,561

  • 9 · Other employee benefits

    total $26,018 · program services $22,968 · management and general $3,050

  • 10 · Payroll taxes

    total $71,051 · program services $48,836 · management and general $22,215

  • 11b · Fees: legal

    total $9,222 · management and general $9,222

  • 11c · Fees: accounting

    total $20,559 · management and general $20,559

  • 11f · Fees: investment management

    total $119,944 · management and general $119,944

  • 11g · Fees: other

    total $1,143,987 · program services $1,143,987

  • 12 · Advertising and promotion

    total $218,076 · program services $218,076

  • 13 · Office expenses

    total $100,333 · program services $931 · management and general $99,402

  • 14 · Information technology

    total $84,749 · program services $84,749

  • 16 · Occupancy

    total $406,581 · program services $406,581

  • 17 · Travel

    total $38,832 · management and general $38,832

  • 20 · Interest

    total $363,744 · management and general $363,744

  • 22 · Depreciation, depletion and amortization

    total $295,687 · program services $295,687

  • 23 · Insurance

    total $59,566 · management and general $59,566

  • 24a · Other expenses: STUDENT SERVICES

    total $189,465 · program services $189,465

  • 24b · Other expenses: PROP 301-CSF PROJECT 10

    total $187,931 · program services $187,931

  • 24c · Other expenses: MISCELLANEOUS EXPENSES

    total $24,861 · program services $1,292 · management and general $23,569

  • 24d · Other expenses: DUES, SUBSCRIPTIONS AND

    total $22,291 · program services $1,485 · management and general $20,806

  • 24e · All other expenses

    total $22,169 · program services $17,745 · management and general $4,424

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,141,367 · end of year $929,942

  • 4 · Accounts receivable

    beginning of year $726,430 · end of year $82,654

  • 9 · Prepaid expenses and deferred charges

    beginning of year $5,000 · end of year $5,548

  • 10a · Land, buildings and equipment: cost or other basis

    $9,136,099

  • 10b · Land, buildings and equipment: accumulated depreciation

    $886,505

  • 10c · Land, buildings and equipment, net

    beginning of year $8,420,142 · end of year $8,249,594

  • 11 · Investments: publicly traded securities

    beginning of year $37,329,290 · end of year $19,583,055

  • 12 · Investments: other securities

    beginning of year $651,351 · end of year $20,302,884

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,482,713 · end of year $358,137

  • 23 · Secured mortgages and notes payable

    beginning of year $7,052,572 · end of year $4,617,071

  • 25 · Other liabilities

    beginning of year $0 · end of year $3,225,000

  • 27 · Net assets without donor restrictions

    beginning of year $39,738,295 · end of year $40,953,469

Mission and programs · 2022

Mission

TO BUILD AND MANAGE THE HIGHEST QUALITY NATIONWIDE SCHOOLS, DELIVERING RIGOROUS EDUCATION IN A LEARNING ENVIRONMENT THAT CREATES A SUSTAINABLE, POSITIVE IMPACT ON A STUDENT'S LIFE.

  • THE ORGANIZATION OPERATES FOUR SCHOOLS AS PART OF ITS VISION TO OPERATE INNOVATIVE SCHOOLS BOTH INTERNATIONALLY AND LOCALLY. THE ORGANIZATION EITHER DIRECTLY OR INDIRECTLY OPERATES THESE SCHOOLS IN ACCORDANCE WITH THE LAWS OF THE APPLICABLE STATE, PROVIDING EDUCATIONAL, FINANCIAL, AND OPERATIONAL SUPPORT SERVICES TO AFFILIATED AND UNAFFILIATED CHARTER SCHOOLS AND OTHER CHARITABLE NONPROFIT EDUCATIONAL ORGANIZATIONS. THE ORGANIZATION OPERATES SUPPORTING EDUCATIONAL PROGRAMS SUCH AS SPECIAL NEEDS EDUCATIONAL PROGRAMS, PRESCHOOLS, BEFORE AND AFTER SCHOOL CARE & EDUCATION PROGRAMS, SUMMER SCHOOL PROGRAMS, CREDIT RECOVERY PROGRAMS, AND OTHER EDUCATION SUPPORT SERVICES.

    Expenses $3,402,586 · Grants $26,149 · Revenue $258,277

As filed on the 2022 return.

Listed in Part VII

  • Damian Creamer

    CHAIRMAN & TREASURER

    Total calculated
    $97,120
    From this org
    $97,120
    From related orgs
    $0
    Other
    $0
    Hours/week
    10

  • Roman Yasinsky

    DIRECTOR

    Total calculated
    $0
    Hours/week
    10

  • Mike Steck

    DIRECTOR

    Total calculated
    $0
    Hours/week
    10

  • Kristen Boilini

    DIRECTOR

    Total calculated
    $0
    Hours/week
    10

  • Charles Mitchell

    DIRECTOR

    Total calculated
    $0
    Hours/week
    10

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • 1330 ATCHESON STREET LLC

    HOLDING COMPANY · OH · income $0 · assets $0

    Directly controlled by VERANO LEARNING PARTNERS

  • PTLC PREP ACADEMY LLC

    CHARTER SCHOOL · OH · income $1,162,234 · assets $165,884

    Directly controlled by VERANO LEARNING PARTNERS

  • VALOR PREPARATORY ACADEMY LLC

    CHARTER SCHOOL · AZ · income $2,261,697 · assets $545,983

    Directly controlled by VERANO LEARNING PARTNERS

  • BRIDGE SCHOOLS LLC

    CHARTER SCHOOL · AZ · income $256,514 · assets $148,563

    Directly controlled by VERANO LEARNING PARTNERS

  • ICODE ARIZONA LLC

    EDUCATION · AZ · income $0 · assets $19,509

    Directly controlled by VERANO LEARNING PARTNERS

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • EMPLOYMENT GROUP PTLC INC

    C · EMPLOYMENT SERVICES · AZ

Provenance

Return type
form_990
Tax year
2022
Filed
2 May 2024
IRS schema version
2022v5.0
Source object
202411289349304016

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