Academy For The Love Of Learning Inc
- Assets
- $22.8m
- Revenue
- $2.3m
- Investments
- $7.2m
- Employees
- 8
- Location
- Santa Fe, NM
- Founding
- 10/1999
- Data as of
- 12/2021
- EIN
- 86-0945282
Organization Overview
Academy For The Love Of Learning Inc is located in Santa Fe, NM. The organization was established in 1999. According to its NTEE Classification (B50) the organization is classified as: Graduate & Professional Schools, under the broad grouping of Education and related organizations. As of 12/2021, Academy For The Love Of Learning Inc employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Academy For The Love Of Learning Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Academy For The Love Of Learning Inc generated $2.3m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (6.0%) each year. All expenses for the organization totaled $2.5m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (6.1%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
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.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COMMUNITY PROGRAMS: THE ACADEMY'S LEARNING EXCHANGE (LE) METHODOLOGY SHAPED COMMUNITY PROGRAMS. THE LOVE OF LEARNING FELLOWSHIP WORKED WITH CULTURE LEADERS IN NM TO SUPPORT COMMUNITY PROJECTS AND STUDY THE ACADEMY'S PEDAGOGIES THROUGH THEM, CREATING A FOUNDATION FOR EXPANDING THE ACADEMY'S WORK INTO NEW COMMUNITIES. OTHER LE'S INCLUDED THE INQUIRY PROJECT WITH A PUBLIC SCHOOL IN DC, WE RECOGNIZE YOU, SEED SYLLABLES, AND WISDOM CIRCLE. DESIGN FOR NEW ONES INCLUDED A YOUTH SUMMIT AND THE WELL OF BEING. DESIGN CONTINUED FOR ANIMATED LEARNING MODULES FOR IGTV (LEADING TO NEW ONLINE COURSEWORK OFFERINGS), AND A LEARNING EXCHANGE MATRIX (LEM), AN ONLINE FORUM FOR STORING, ORGANIZING, AND STUDYING THE LEARNINGS FROM THE ACADEMY'S PROGRAMS.
RESEARCH: THE ACADEMY'S RESEARCH CONTINUED WITH INTERNAL APPLICATION OF ITS LEARNING MODEL, INCLUDING IN FACULTY DEVELOPMENT AND STAFF RETREATS. IT ALSO CONTINUED ITS ONGOING COLLABORATION WITH THE CENTER FOR HEALTHY MINDS AT THE UNIVERSITY OF WISCONSIN, INCLUDING COMPLETING WORK ON AN ACADEMIC PAPER TO BE PUBLISHED CONCERNING LEARNING AS A PRACTICE. FINALLY, THE ACADEMY WORKED WITH A CONSULTANT TO INFORM AND SHAPE THE ACADEMY'S CONTINUING TRANSFORMATION WITH A COMMUNICATIONS-BASED STRATEGY FOR DISSEMINATING ITS EDUCATIONAL PROGRAMS AND LEARNINGS.
TRANINGS: THE ACADEMY WORKED WITH ANOTHER NONPROFIT ENTITY TO ENHANCE THEIR LEARNING PROGRAMS WITH LEARNING PRACTICES CREATED AND DEVELOPED BY THE ACADEMY, INCLUDING PROTOTYPING NEW ONLINE COURSEWORK OFFERINGS.
SETON: THE SETON LEGACY PROJECT CONTINUED TO STEWARD THE ACADEMY'S COLLECTION OF SETON ARTWORK AND THE LEGACY OF HIS LIFE'S WORK. AND THE ACADEMY EXPANDED AND DEEPENED ITS INQUIRIES INTO THE PROJECT'S FUTURE, BOTH AFTER THE PANDEMIC AND IN LIGHT OF ESSENTIAL SOCIAL JUSTICE ISSUES. THIS INCLUDED HOSTING A 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. VENTANA: THE VENTANA PROGRAM CONTINUED A HIATUS WHILE THE ACADEMY CONSIDERED THE PROGRAM'S FUTURE.
COMMUNITY PROGRAMS: THE ACADEMY'S LEARNING EXCHANGE (LE) METHODOLOGY SHAPED COMMUNITY PROGRAMS. THE LOVE OF LEARNING FELLOWSHIP WORKED WITH CULTURE LEADERS IN NM TO SUPPORT COMMUNITY PROJECTS AND STUDY THE ACADEMY'S PEDAGOGIES THROUGH THEM, CREATING A FOUNDATION FOR EXPANDING THE ACADEMY'S WORK INTO NEW COMMUNITIES. OTHER LE'S INCLUDED THE INQUIRY PROJECT WITH A PUBLIC SCHOOL IN DC, WE RECOGNIZE YOU, SEED SYLLABLES, AND WISDOM CIRCLE. DESIGN FOR NEW ONES INCLUDED A YOUTH SUMMIT AND THE WELL OF BEING. DESIGN CONTINUED FOR ANIMATED LEARNING MODULES FOR IGTV (LEADING TO NEW ONLINE COURSEWORK OFFERINGS), AND A LEARNING EXCHANGE MATRIX (LEM), AN ONLINE FORUM FOR STORING, ORGANIZING, AND STUDYING THE LEARNINGS FROM THE ACADEMY'S PROGRAMS.
RESEARCH: THE ACADEMY'S RESEARCH CONTINUED WITH INTERNAL APPLICATION OF ITS LEARNING MODEL, INCLUDING IN FACULTY DEVELOPMENT AND STAFF RETREATS. IT ALSO CONTINUED ITS ONGOING COLLABORATION WITH THE CENTER FOR HEALTHY MINDS AT THE UNIVERSITY OF WISCONSIN, INCLUDING COMPLETING WORK ON AN ACADEMIC PAPER TO BE PUBLISHED CONCERNING LEARNING AS A PRACTICE. FINALLY, THE ACADEMY WORKED WITH A CONSULTANT TO INFORM AND SHAPE THE ACADEMY'S CONTINUING TRANSFORMATION WITH A COMMUNICATIONS-BASED STRATEGY FOR DISSEMINATING ITS EDUCATIONAL PROGRAMS AND LEARNINGS.
TRANINGS: THE ACADEMY WORKED WITH ANOTHER NONPROFIT ENTITY TO ENHANCE THEIR LEARNING PROGRAMS WITH LEARNING PRACTICES CREATED AND DEVELOPED BY THE ACADEMY, INCLUDING PROTOTYPING NEW ONLINE COURSEWORK OFFERINGS.
SETON: THE SETON LEGACY PROJECT CONTINUED TO STEWARD THE ACADEMY'S COLLECTION OF SETON ARTWORK AND THE LEGACY OF HIS LIFE'S WORK. AND THE ACADEMY EXPANDED AND DEEPENED ITS INQUIRIES INTO THE PROJECT'S FUTURE, BOTH AFTER THE PANDEMIC AND IN LIGHT OF ESSENTIAL SOCIAL JUSTICE ISSUES. THIS INCLUDED HOSTING A 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. VENTANA: THE VENTANA PROGRAM CONTINUED A HIATUS WHILE THE ACADEMY CONSIDERED THE PROGRAM'S FUTURE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Daniel E Brannen Jr Sec Finance Mngr, & Gen. | Officer | 20 | $186,348 |
Aaron Stern Pres./execut | OfficerTrustee | 40 | $158,492 |
David Gordon VP & Treasur | OfficerTrustee | 36 | $98,345 |
Vivi Rogers Trustee | Trustee | $0 | |
Mary Ellen Petrisko Trustee | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $5,555 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,176,600 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,182,155 |
| Total Program Service Revenue | $55,099 |
| Investment income | $96,593 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $280 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,334,127 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $76,571 |
| Grants and other assistance to domestic individuals. | $18,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $456,026 |
| Compensation of current officers, directors, key employees. | $157,161 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $194,903 |
| Pension plan accruals and contributions | $19,986 |
| Other employee benefits | $75,015 |
| Payroll taxes | $50,589 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,967 |
| Fees for services: Accounting | $22,074 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $449,928 |
| Advertising and promotion | $24,347 |
| Office expenses | $13,475 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $94,957 |
| Travel | $3,091 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $463,647 |
| Insurance | $130,467 |
| All other expenses | $42,356 |
| Total functional expenses | $2,520,616 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $824,613 |
| Savings and temporary cash investments | $1,126,632 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $13,728,274 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $7,161,211 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $5,363 |
| Total assets | $22,846,093 |
| Accounts payable and accrued expenses | $114,165 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $114,165 |
| Net assets without donor restrictions | $22,660,163 |
| Net assets with donor restrictions | $71,765 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $22,846,093 |
Grants Awarded
Over the last fiscal year, Academy For The Love Of Learning Inc has awarded $153,142 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
Charlottesville, VA PURPOSE: PODCAST SPONSORSHIP | $30,000 |
Charlottesville, VA PURPOSE: PODCAST SPONSORSHIP | $30,000 |
Albuquerque, NM PURPOSE: FELLOWSHIP- PUEBLO | $23,000 |
Albuquerque, NM PURPOSE: FELLOWSHIP- PUEBLO | $23,000 |
Albuquerque, NM PURPOSE: FELLOWSHIP-RISOLANA | $13,571 |
Albuquerque, NM PURPOSE: FELLOWSHIP-RISOLANA | $13,571 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Academy For The Love Of Learning Inc has recieved totaling $2,000,005.
| Awarding Organization | Amount |
|---|---|
Tides Foundation San Francisco, CA PURPOSE: QUALITY EDUCATION | $2,000,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $5 |
Endowment Analysis
| Net Contributions | $71,765 |
| Ending Balance | $71,765 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Southwest College Of Naturopathic Medicine And Health Science Inc Tempe, AZ | $29,642,803 | $19,296,647 |
Augustine Institute Inc Greenwood Village, CO | $26,414,625 | $26,811,654 |
Brite Divinity School Fort Worth, TX | $131,791,900 | $16,856,485 |
Phoenix Seminary Inc Scottsdale, AZ | $3,442,651 | $6,984,863 |
Dallas Seminary Foundation Vision Fund Dallas, TX | $4,584,823 | $10,722,757 |
Grace School Of Theology The Woodlands, TX | $1,343,724 | $6,038,036 |
Rio Grande Bible Institute Inc Edinburg, TX | $14,715,494 | $6,700,846 |
Robert O Anderson School And Graduate School Of Management Foun Albuquerque, NM | $0 | $273,602 |
Carden Memorial Foundation Salt Lake City, UT | $4,214,343 | $3,451,718 |
Academy For The Love Of Learning Inc Santa Fe, NM | $22,846,093 | $2,334,127 |
Ayurvedic Institute Albuquerque, NM | $4,339,366 | $2,514,881 |
Dallas International University Dallas, TX | $5,420,803 | $2,599,528 |