Now even though you set it to the 2012-2013 year, it is not pulling only the information from that year, it is just looking for the year that the Learning Profile was created. If you added any updates to the Learning profile for 2013-2014, they will still show even though you search for learning profiles in 2012-2013.
For example if you have a Student that graduated in 2013-2014 and is now an Alumni and the Learning Profile was created in 2012-2013 then you would go to Academics > Grades > Grades management > Manage Learning Profiles > School Year 2012-2013 > Status: Inactive > View and you will find Learning Profiles for the Alumni down near the bottom. If the school updated the original learning profile made in 2012-2013 to new information in 2013-2014 - you would still go the the year is was created (2012-2013) to access the Alumni's Learning Profile. Once in 2012-2013 you will see not only the information from 2012-2013 but also any information going forward.