The Village Electric Learning FY2024 filing

South Orange, NJUnknown exempt organizationEIN 87-1546830Revenue $393K in FY2024

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

FY2024 · 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
3 mo
of spending, in cash
Fine: 2.9 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$71K
83% of total assets
Concern: liabilities are 83% 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
$393K
+23% vs prior year
Spent
$336K
To programs
98%
Net assets
$15K
By yearFY2022–FY2026
Revenue
$393K
FY2024▲ +23%
Tap a bar for its year
Revenue by fiscal year
FY2022$288K
FY2023$320K
FY2024$393K
FY2025$257K
FY2026$3K
Expenses
$336K
FY2024▼ -9%
Tap a bar for its year
Expenses by fiscal year
FY2022$282K
FY2023$369K
FY2024$336K
FY2025$265K
FY2026$9K
Net assets
$15K
FY2024▲ +134%
Tap a bar for its year
Net assets by fiscal year
FY2022$5K
FY2023−$43K
FY2024$15K
FY2025$7K
FY2026Not on file

From the FY2024 Form 990 (year ending June 2024) · see the original

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You’re viewing the FY2024 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% · $328K Management & general 2% · $8K Fundraising 0% · $68

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

4 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
Exec Directo
$0Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Secretary
$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 · $328K · in their own filed words · FY2023
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.

$328Kprogram 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.

Pt IX · col B
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.

Pt IX · col B

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$393K
Ln 12
Fees for servicesLn 2g$332K
Gifts and grantsLn 1h$61K
Money outPt IX
$336K
Ln 25
Programscol B$328K
Managementcol C$8K
Fundraisingcol D$68
Owns and owesPt X
$15K
net assets · Ln 32
Cash and savingsLn 1–2$82K
Total assetsLn 16$85K
LiabilitiesLn 26$71K
PeoplePt VI, VII
4
listed · VII A
PaidVII A0
Voting boardVI 1a3
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$61K
Fees for servicesLn 2g$332K
Total revenueLn 12$393K
Assets in detailPt X, end of year
CashLn 1$82K
Cash and savings togetherLn 1–2$82K
Other assetsLn 15$3K
Total assetsLn 16$85K
LiabilitiesLn 26$71K
Net assetsLn 32$15K
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 FY24End FY24
Cash and savingsLn 1–2$14K$82K
Total assetsLn 16$17K$85K
LiabilitiesLn 26$60K$71K
Net assetsLn 32−$43K$15K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$191K$191K
Other employee benefitsLn 9$3K$3K
Payroll taxesLn 10$21K$21K
Legal feesLn 11b$3K$3K
Accounting feesLn 11c$950$950
Other fees for servicesLn 11g$6K$6K$300
Office expensesLn 13$18K$18K$125$68
Information technologyLn 14$6K$4K$2K
OccupancyLn 16$78K$78K
TravelLn 17$4K$3K$114
Conferences, conventions and meetingsLn 19$4K$4K$121
InterestLn 20$745$745
InsuranceLn 23$285$285
Total functional expensesLn 25$336K$328K$8K$68

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2026 Latest $3K$9K−$7K 990 PDF
FY2025 $257K$265K−$8K$7K 990 PDF
FY2024 Viewing $393K$336K$58K$15K 990 PDF
FY2023 $320K$369K−$48K−$43K 990 PDF
FY2022 $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 FY2024 990 (6 parts)
Part I · Summary $393,482 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $10,566$61,425
I-9 Program service revenuePrior year $309,620$332,057
I-10 Investment income$0
I-11 Other revenue$0
I-12 Total revenuePrior year $320,186$393,482
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $228,666$214,945
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $139,940$121,033
I-18 Total expensesPrior year $368,606$335,978
I-19 Revenue less expensesPrior year −$48,420$57,504
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 $393,482 across 4 lines filed
VIII-1f All other contributions, gifts and grants$61,425
VIII-1h Total contributions, gifts and grants$61,425
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $332,057$332,057
VIII-12 Total revenueRelated to mission $332,057$393,482
Part IX · Statement of functional expenses $335,978 across 13 lines filed
IX-7 Other salaries and wagesPrograms $190,736$190,736
IX-9 Other employee benefitsPrograms $3,192$3,192
IX-10 Payroll taxesPrograms $21,017$21,017
IX-11b Legal feesManagement $3,120$3,120
IX-11c Accounting feesManagement $950$950
IX-11g Other fees for servicesPrograms $5,756 · Management $300$6,056
IX-13 Office expensesPrograms $17,637 · Management $125 · Fundraising $68$17,830
IX-14 Information technologyPrograms $3,665 · Management $2,438$6,103
IX-16 OccupancyPrograms $78,399$78,399
IX-17 TravelPrograms $3,456 · Management $114$3,570
IX-19 Conferences, conventions and meetingsPrograms $3,854 · Management $121$3,975
IX-20 InterestManagement $745$745
IX-23 InsurancePrograms $285$285
IX-25 Total functional expensesPrograms $327,997 · Management $7,913 · Fundraising $68$335,978
Part X · Balance sheet $85,481 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $13,912$82,015
X-15 Other assetsStart of year $3,250$3,466
X-16 Total assetsStart of year $17,162$85,481
X-17 Accounts payable and accrued expensesStart of year $34,365$24,931
X-19 Deferred revenueStart of year $15,500$30,116
X-24 Unsecured notes and loans payableStart of year $1,968$1,968
X-25 Other liabilitiesStart of year $8,277$13,910
X-26 Total liabilitiesStart of year $60,110$70,925
X-27 Net assets without donor restrictionsStart of year −$42,948$14,556
X-32 Total net assets or fund balancesStart of year −$42,948$14,556
X-33 Total liabilities and net assetsStart of year $17,162$85,481
Part XI · Reconciliation of net assets $14,556 net assets at year end
XI-1 Total revenue$393,482
XI-2 Total expenses$335,978
XI-3 Revenue less expenses$57,504
XI-4 Net assets at start of year−$42,948
XI-10 Net assets at end of year$14,556

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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