New Plan Learning Inc
- Assets
- $53.6m
- Revenue
- $2.8m
- Investments
- $0.0
- Employees
- 10
- Location
- Schaumburg, IL
- Founding
- 11/2009
- Data as of
- 06/2023
- EIN
- 86-1152266
Organization Overview
New Plan Learning Inc is located in Schaumburg, IL. The organization was established in 2009. According to its NTEE Classification (B90) the organization is classified as: Educational Services, under the broad grouping of Education and related organizations. As of 06/2023, New Plan Learning Inc employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. New Plan 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 06/2023, New Plan Learning Inc generated $2.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.1% each year. All expenses for the organization totaled $2.0m during the year ending 06/2023. 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
PROVIDE FACILITIES AND FACILITY MANAGEMENT TO PUBLIC CHARTER SCHOOLS
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE FACILITIES AND FACILITY MANAGEMENT FOR CHARTER SCHOOLS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joseph J Hill CEO | OfficerTrustee | 40 | $128,310 |
Savas Kaya PHD Board President | Trustee | 1 | $0 |
Tim Bagwell Director | Trustee | 1 | $0 |
Raymond Collins Director | Trustee | 1 | $0 |
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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $552,727 |
| Investment income | $151,995 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $2,661,874 |
| 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 | $2,788,211 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $41,000 |
| 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. | $257,528 |
| Compensation of current officers, directors, key employees. | $257,528 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $343,221 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $179,342 |
| Payroll taxes | $48,845 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $45,506 |
| Fees for services: Accounting | $11,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $60,266 |
| Advertising and promotion | $30,610 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $35,800 |
| Travel | $0 |
| 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 | $866,641 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $2,027,772 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $13,939,728 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $708,408 |
| 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 | $27,245,424 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $2,068,072 |
| Other assets | $9,650,428 |
| Total assets | $53,612,060 |
| Accounts payable and accrued expenses | $30,334 |
| Grants payable | $0 |
| Deferred revenue | $1,073,813 |
| Tax-exempt bond liabilities | $27,331,025 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $1,439,561 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $33,000 |
| Total liabilities | $29,907,733 |
| Net assets without donor restrictions | $23,704,327 |
| Net assets with donor restrictions | $0 |
| 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 | $53,612,060 |
Grants Awarded
Over the last fiscal year, New Plan Learning Inc has awarded $27,000 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
CONCEPT SCHOOLS PURPOSE: scholarships | $3,000 |
CMSA PURPOSE: scholarships | $21,000 |
GSA PURPOSE: scholarships | $500 |
HSA TOLEDO PURPOSE: scholarships | $500 |
HSA COLUMBUS PURPOSE: scholarships | $500 |
HSA CLEVELAND PURPOSE: scholarships | $1,500 |