The Village Electric Learning FY2022 filing

South Orange, NJUnknown exempt organizationEIN 87-1546830Revenue $288K in FY2022

On file with the IRSthevillageelectric.com171 Meadowbrook Place · South Orange, NJ

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We are a Learning center offering flexible, personalized, child-led Learning for kids ages 3-12 where families can have the benefits of homeschooling and the resources of a private school.

98¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Programs: Part IX

Before you give

FY2022 · Form 990Independent: from IRS data, not the org
Download 990
Latest return
FY2026
latest Form 990
Looks good: the latest return is for FY2026, this tax year; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 5
filings with a surplus
Average surplus $0 a year · under 1% of revenue · last 5 filings
Worth a look: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
98%
of spending
Looks good: 98% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
1 mo
of spending, in cash
Fine: 1.3 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$221K
98% of total assets
Concern: liabilities are 98% of assets; over 80%.
Pt X · Ln 26
Independent board members
3
of 3 voting members
Looks good: 3 of 3 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$288K
Spent
$282K
To programs
98%
Net assets
$5K
By yearFY2022–FY2026
Revenue
$288K
FY2022
Tap a bar for its year
Revenue by fiscal year
FY2022$288K
FY2023$320K
FY2024$393K
FY2025$257K
FY2026$3K
Expenses
$282K
FY2022
Tap a bar for its year
Expenses by fiscal year
FY2022$282K
FY2023$369K
FY2024$336K
FY2025$265K
FY2026$9K
Net assets
$5K
FY2022
Tap a bar for its year
Net assets by fiscal year
FY2022$5K
FY2023−$43K
FY2024$15K
FY2025$7K
FY2026Not on file

From the FY2022 Form 990 (year ending June 2022) · see the original

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You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2026) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2026.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

98 cents of each dollar spent went to programs.

Program services 98% · $278K Management & general 2% · $5K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

3 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2021); the FY2022 filing did not itemize Part VII
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
See The Village Electric Learning executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Provides child-led learning for ages 3-12, blending homeschooling benefits with private school resources.

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Provided by the organization

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3 programs · $278K · in their own filed words · FY2021
01

Our nurture studio is for 3 and 4 year olds. This gentle, play-based program runs three mornings a week and focuses on socialization, hands-on exploration, and lots of play. Our grow studio is for children ages 4-6.

$111Kprogram expense
02

Learners 9 through 12 are ready to take charge of their education in our upper elementary studio. Families can continue on with our curriculum or choose the online or homeschool curriculum that is best suited for their child. Either way, our guides provide individual support and personalized planning for each learner.

$83Kprogram expense
03

For learners 6-8, our lower elementary studio builds a foundation of core skills through a personalized, self-paced, classical curriculum that fosters a love of learning and encourages mastery of the material.

$83Kprogram expense

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$288K
Ln 12
Fees for servicesLn 2g$287K
Gifts and grantsLn 1h$488
Money outPt IX
$282K
Ln 25
Programscol B$278K
Managementcol C$5K
Owns and owesPt X
$5K
net assets · Ln 32
Cash and savingsLn 1–2$31K
Total assetsLn 16$227K
LiabilitiesLn 26$221K
PeoplePt VI, VII
3
listed · VII A
PaidVII A0
Voting boardVI 1a3
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$488
Fees for servicesLn 2g$287K
Total revenueLn 12$288K
Assets in detailPt X, end of year
CashLn 1$31K
Cash and savings togetherLn 1–2$31K
Other assetsLn 15$3K
Total assetsLn 16$227K
LiabilitiesLn 26$221K
Net assetsLn 32$5K
OperationsPt I, VI
EmployeesI 55
VolunteersI 68
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$31K
Total assetsLn 16$0$227K
LiabilitiesLn 26$0$221K
Net assetsLn 32$0$5K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$140K$140K
Other employee benefitsLn 9$3K$3K
Payroll taxesLn 10$15K$15K
Legal feesLn 11b$1K$1K
Accounting feesLn 11c$281$281
Other fees for servicesLn 11g$25K$25K$360
Office expensesLn 13$18K$18K$166
Information technologyLn 14$2K$936$1K
OccupancyLn 16$73K$73K
TravelLn 17$709$709
Conferences, conventions and meetingsLn 19$1K$1K
InterestLn 20$222$222
InsuranceLn 23$1K$1K
Total functional expensesLn 25$282K$278K$5K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2026 Latest $3K$9K−$7K 990 PDF
FY2025 $257K$265K−$8K$7K 990 PDF
FY2024 $393K$336K$58K$15K 990 PDF
FY2023 $320K$369K−$48K−$43K 990 PDF
FY2022 Viewing $288K$282K$5K$5K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2022 990 (6 parts)
Part I · Summary $287,534 revenue, 12 lines filed
I-8 Contributions and grants$488
I-9 Program service revenue$287,046
I-10 Investment income$0
I-11 Other revenue$0
I-12 Total revenue$287,534
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$158,783
I-16a Professional fundraising fees$0
I-17 Other expenses$123,279
I-18 Total expenses$282,062
I-19 Revenue less expenses$5,472
Part VI · Governance 3 of 3 board members independent, 3 to look at
VI-1a Voting members of the governing body3
VI-1b Independent voting members3
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
Part VIII · Statement of revenue $287,534 across 4 lines filed
VIII-1f All other contributions, gifts and grants$488
VIII-1h Total contributions, gifts and grants$488
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $287,046$287,046
VIII-12 Total revenueRelated to mission $287,046$287,534
Part IX · Statement of functional expenses $282,062 across 13 lines filed
IX-7 Other salaries and wagesPrograms $140,353$140,353
IX-9 Other employee benefitsPrograms $3,004$3,004
IX-10 Payroll taxesPrograms $15,426$15,426
IX-11b Legal feesManagement $1,000$1,000
IX-11c Accounting feesManagement $281$281
IX-11g Other fees for servicesPrograms $24,675 · Management $360$25,035
IX-13 Office expensesPrograms $17,913 · Management $166$18,079
IX-14 Information technologyPrograms $936 · Management $1,264$2,200
IX-16 OccupancyPrograms $73,370$73,370
IX-17 TravelPrograms $709$709
IX-19 Conferences, conventions and meetingsPrograms $1,154$1,154
IX-20 InterestManagement $222$222
IX-23 InsuranceManagement $1,229$1,229
IX-25 Total functional expensesPrograms $277,540 · Management $4,522 · Fundraising $0$282,062
Part X · Balance sheet $226,621 assets, 11 lines filed
X-1 Cash, non-interest-bearing$30,871
X-4 Accounts receivable$192,500
X-15 Other assets$3,250
X-16 Total assetsStart of year $0$226,621
X-17 Accounts payable and accrued expenses$1,496
X-19 Deferred revenue$213,000
X-25 Other liabilities$6,653
X-26 Total liabilitiesStart of year $0$221,149
X-27 Net assets without donor restrictions$5,472
X-32 Total net assets or fund balancesStart of year $0$5,472
X-33 Total liabilities and net assetsStart of year $0$226,621
Part XI · Reconciliation of net assets $5,472 net assets at year end
XI-1 Total revenue$287,534
XI-2 Total expenses$282,062
XI-3 Revenue less expenses$5,472
XI-10 Net assets at end of year$5,472

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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