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Nonprofiteer
← ACADEMY FOR THE LOVE OF LEARNING INC

Form 990 for tax year 2023

Filed by ACADEMY FOR THE LOVE OF LEARNING INC.

Totals

Total revenue
$464,201
Total expenses
$2,860,975
Contributions and grants received
$170,828
Grants paid
$0
Program service revenue
$70,000
Investment income
$216,799
Other revenue
$6,574
Total assets, end of year
$26,331,671
Total liabilities, end of year
$95,704
Net assets or fund balances, end of year
$26,235,967
Program services expenses (Part IX)
$2,043,741
Management and general expenses
$737,833
Fundraising expenses
$79,401
Program service expenses (Part III)
$2,043,741

Program services were 71.4% 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.

  • 1f · All other contributions, gifts and grants

    $170,828

  • 1g · Noncash contributions included above

    $1,750

  • 2a · Program service revenue: TRAININGS

    total $70,000 · related or exempt $70,000

  • 3 · Investment income

    total $216,799 · excluded $216,799

  • 6a · Gross rents

    real property $6,574

  • 6c · Rental income or loss

    real property $6,574

  • 6d · Net rental income or loss

    total $6,574 · excluded $6,574

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $479,252 · program services $303,460 · management and general $148,660 · fundraising $27,132

  • 7 · Other salaries and wages

    total $341,200 · program services $301,437 · management and general $36,600 · fundraising $3,163

  • 8 · Pension plan contributions

    total $25,285 · program services $21,255 · management and general $3,444 · fundraising $586

  • 9 · Other employee benefits

    total $25,378 · program services $18,790 · management and general $5,661 · fundraising $927

  • 10 · Payroll taxes

    total $62,613 · program services $46,642 · management and general $13,671 · fundraising $2,300

  • 11b · Fees: legal

    total $19,400 · program services $11,245 · management and general $7,611 · fundraising $544

  • 11c · Fees: accounting

    total $24,160 · program services $14,004 · management and general $9,478 · fundraising $678

  • 11g · Fees: other

    total $501,664 · program services $343,563 · management and general $152,371 · fundraising $5,730

  • 12 · Advertising and promotion

    total $105,420 · program services $68,242 · management and general $37,178

  • 13 · Office expenses

    total $63,456 · program services $25,528 · management and general $36,691 · fundraising $1,237

  • 16 · Occupancy

    total $66,100 · program services $44,696 · management and general $19,200 · fundraising $2,204

  • 17 · Travel

    total $31,231 · program services $17,567 · management and general $13,664

  • 22 · Depreciation, depletion and amortization

    total $460,774 · program services $343,244 · management and general $100,602 · fundraising $16,928

  • 23 · Insurance

    total $153,815 · program services $114,581 · management and general $33,583 · fundraising $5,651

  • 24a · Other expenses: REPAIRS & MAINTENANCE

    total $212,802 · program services $167,167 · management and general $37,391 · fundraising $8,244

  • 24b · Other expenses: PROGRAMMATIC

    total $144,182 · program services $144,182

  • 24c · Other expenses: UTILITIES

    total $54,385 · program services $40,363 · management and general $12,078 · fundraising $1,944

  • 24d · Other expenses: NEW MEXICO GRT

    total $52,114 · program services $16,471 · management and general $35,643

  • 24e · All other expenses

    total $37,744 · program services $1,304 · management and general $34,307 · fundraising $2,133

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,003,215 · end of year $1,025,090

  • 2 · Savings and temporary cash investments

    beginning of year $1,888,875 · end of year $992,852

  • 3 · Pledges and grants receivable

    beginning of year $5,712,047 · end of year $3,854,848

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

    $18,624,295

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

    $5,872,724

  • 10c · Land, buildings and equipment, net

    beginning of year $13,031,053 · end of year $12,751,571

  • 12 · Investments: other securities

    beginning of year $6,184,072 · end of year $6,823,475

  • 15 · Other assets

    beginning of year $268,888 · end of year $883,835

  • 17 · Accounts payable and accrued expenses

    beginning of year $108,758 · end of year $95,704

  • 27 · Net assets without donor restrictions

    beginning of year $22,175,580 · end of year $22,264,354

  • 28 · Net assets with donor restrictions

    beginning of year $5,803,812 · end of year $3,971,613

Mission and programs · 2023

Mission

THE ACADEMY'S MISSION IS TO AWAKEN, ENLIVEN, NURTURE, AND SUSTAIN THE NATURAL LOVE OF LEARNING IN PEOPLE OF ALL AGES THROUGH RESEARCH, DEVELOPMENT, IMPLEMENTATION, AND DISSEMINATION OF EDUCATIONAL PROGRAMS.

  • COMMUNITY PROGRAMS: ACADEMY FOUNDER AARON STERN JOINED PUMLA GOBODO- MADIKIZELA FOR A MIND & LIFE PODCAST ON LEARNING AND HEALING FROM INTERGENERATIONAL TRAUMA. WELL OF BEING DESIGNED AND TESTED A CURRICULUM FOR LEARNING INSIDE FAMILIES. SEED SYLLABLES JOINED WITH PANGEA WORLD THEATER FOR A LEARNING EXCHANGE CURRICULUM FOR HEALING AROUND CLIMATE CHANGE. YOUTH BOARDS IN NM AND DC CONVENED A YOUTH SUMMIT, EXPLORING A YOUTH-DRIVEN, COLLECTIVE LEADERSHIP CURRICULUM FOR CO-CREATING LEARNING ECOSYSTEMS. WAGING PEACE BEGAN CURATING STORIES OF HOW UNLEARNING HARMFUL PATTERNS OF BEING AND RELATING CAN CREATE BETTER INDIVIDUALS AND COMMUNITIES. THE ACADEMY DISTRIBUTED IMPACT TRACKING PRACTICES, INTERACTIVE LEARNING FLIPBOOKS, AND LEARNING REFLECTION STORIES ONLINE.

    Expenses $1,259,121

  • RESEARCH: THE ACADEMY'S RESEARCH CONTINUED WITH INTERNAL APPLICATION OF ITS LEARNING EXCHANGE (LE) METHODOLOGY, INCLUDING IN FACULTY DEVELOPMENT AND STAFF DEEP DIVES. THIS ALSO INCLUDED THE ACADEMY'S CONTINUED WORK WITH A CONSULTANT TO INFORM AND SHAPE THE ACADEMY'S ONGOING TRANSFORMATION WITH A COMMUNICATIONS-BASED STRATEGY FOR DISSEMINATING ITS EDUCATIONAL PROGRAMS AND LEARNINGS.

    Expenses $539,864

  • SETON: THE SETON LEGACY PROJECT CONTINUED TO STEWARD THE ACADEMY'S COLLECTION OF SETON ARTWORK AND THE LEGACY OF HIS LIFE'S WORK. THE PROJECT CONTINUED TO ENGAGE DEEPLY IN SOCIAL JUSTICE ISSUES RELATED TO THAT LEGACY. THIS INCLUDED AN ONGOING SERIES OF LEARNING EXCHANGE CONVERSATIONS BETWEEN NATIVE AMERICAN LEADERS IN NEW MEXICO AND ACADEMY STAFF, BOTH TO BRIDGE TO THOSE COMMUNITIES AND TO INFORM THE ACADEMY HOW BEST TO STEWARD THE SETON LEGACY INTO THE FUTURE IN WAYS THAT ARE SENSITIVE TO THESE ISSUES. THIS LED TO THE ACADEMY'S DECISION TO REMATRIATE NATIVE AMERICAN CREATIONS IN SETON'S COLLECTION TO THE TRIBES TO WHICH THEY BELONG. THE ACADEMY REMATRIATED TWO ITEMS IN 2023.

    Expenses $173,121

  • TRAININGS: THE ACADEMY WORKED WITH ANOTHER NONPROFIT ENTITY TO ENHANCE THEIR LEARNING PROGRAMS WITH LEARNING PRACTICES AND CURRICULUM, CREATED AND DEVELOPED BY THE ACADEMY, INCLUDING PROTOTYPING NEW ONLINE COURSEWORK OFFERINGS. VENTANA: THE VENTANA PROGRAM CONTINUED A HIATUS WHILE THE ACADEMY CONSIDERED THE PROGRAM'S FUTURE.

    Expenses $71,635 · Revenue $70,000

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Mary Ellen Petrisko

    TRUSTEE

    Total calculated
    $0

  • Vivi Rogers

    TRUSTEE

    Total calculated
    $0

  • Daniel E Brannen Jr Sec Finance

    MNGR, & GEN.

    Total calculated
    $189,240
    From this org
    $189,240
    From related orgs
    $0
    Other
    $0
    Hours/week
    22

    Schedule J breakdown matched by us

    Base
    $189,240
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    $189,240

  • David Gordon

    VP & TREASUR

    Total calculated
    $113,309
    From this org
    $107,913
    From related orgs
    $0
    Other
    $5,396
    Hours/week
    36

  • Aaron Stern

    PRES./EXECUT

    Total calculated
    $176,705
    From this org
    $168,290
    From related orgs
    $0
    Other
    $8,415
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $167,261
    Bonus
    $1,029
    Other
    not reported
    Deferred
    $8,415
    Nontaxable benefits
    not reported
    Filer's total
    $176,705

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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2023
Filed
22 October 2024
IRS schema version
2023v5.0
Source object
202432979349301338

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