Academy For The Love Of Learning Inc
- Assets
- $26.3m
- Revenue
- $464.2k
- Investments
- $6.8m
- Employees
- 17
- Location
- Santa Fe, NM
- Founding
- 10/1999
- Data as of
- 12/2023
- 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 12/2023, Academy For The Love Of Learning Inc employed 17 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 12/2023, Academy For The Love Of Learning Inc generated $464.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (23.6%) each year. All expenses for the organization totaled $2.9m during the year ending 12/2023. 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
2023
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: 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.
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.
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.
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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mary Ellen Petrisko Trustee | Trustee | $0 | |
Vivi Rogers Trustee | Trustee | $0 | |
Daniel E Brannen Jr Sec Finance Mngr, & Gen. | Officer | 22 | $189,240 |
David Gordon VP & Treasur | OfficerTrustee | 36 | $107,913 |
Aaron Stern Pres./execut | OfficerTrustee | 40 | $168,290 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Daniel E Brannen Jr Legal /Consult. | 12/30/23 | $189,240 |
Perennial Strategy Llc Marketing | 12/30/23 | $197,163 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $170,828 |
| Noncash contributions included in lines 1a–1f | $1,750 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $170,828 |
| Total Program Service Revenue | $70,000 |
| Investment income | $216,799 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $6,574 |
| 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 | $464,201 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $479,252 |
| Compensation of current officers, directors, key employees. | $148,660 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $341,200 |
| Pension plan accruals and contributions | $25,285 |
| Other employee benefits | $25,378 |
| Payroll taxes | $62,613 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $19,400 |
| Fees for services: Accounting | $24,160 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $501,664 |
| Advertising and promotion | $105,420 |
| Office expenses | $63,456 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $66,100 |
| Travel | $31,231 |
| 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 | $460,774 |
| Insurance | $153,815 |
| All other expenses | $37,744 |
| Total functional expenses | $2,860,975 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,025,090 |
| Savings and temporary cash investments | $992,852 |
| Pledges and grants receivable | $3,854,848 |
| 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 | $12,751,571 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $6,823,475 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $883,835 |
| Total assets | $26,331,671 |
| Accounts payable and accrued expenses | $95,704 |
| 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 | $95,704 |
| Net assets without donor restrictions | $22,264,354 |
| Net assets with donor restrictions | $3,971,613 |
| 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 | $26,331,671 |
Grants Awarded
Over the last fiscal year, Academy For The Love Of Learning Inc has awarded $20,500 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
SANTA FE COMMUNITY FOUNDATION PURPOSE: FELLOWSHIP | $15,000 |
WORKING CLASSROOM INC PURPOSE: FELLOWSHIP | $5,500 |