Civic Intelligence

The Phoenix School Inc

990 • Fiscal year 2024 • EIN 04-2738785

Jul 01, 2023 to Jun 30, 2024 • Filed on Jul 22, 2024

28 Goodhue St Suite 2 and 3Salem, MA 01970

(978) 741-0870

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

86th percentile

0.44x

Higher debt load relative to assets than 86% of similar nonprofits.

2024 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2024

Liabilities / Revenue

89th percentile

0.62x

Higher debt load relative to revenue than 89% of similar nonprofits.

2024 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2024

Net Margin

72nd percentile

20%

Higher net margin than 72% of similar nonprofits.

2024 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2024

Top Officer Pay

82nd percentile

$86,903

Higher top officer pay than 82% of similar nonprofits.

Top officer pay equals 15.5% of source-year revenue.

2024 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2024

Asset Growth

72nd percentile

16%

Faster asset growth than 72% of similar nonprofits.

2024 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2023 to 2024

Revenue Growth

36th percentile

-0.5%

Faster revenue growth than 36% of similar nonprofits.

2024 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2023 to 2024

Assets

Up

$786,991

Up $108,951 (+16%) from 2023

Net Assets

Up

$439,057

Up $110,498 (+34%) from 2023

Liabilities

Down

$347,934

Down $1,547 (-0.4%) from 2023

Revenue

Down

$562,076

Down $2,578 (-0.5%) from 2023

Expenses

Up

$451,578

Up $11,407 (+2.6%) from 2023

Net Income

Down

$110,498

Down $13,985 (-11%) from 2023

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$1.0M$500K$0-$500KAssets 2011: $104,167Liabilities 2011: $51,629Net Assets 2011: $52,5382011Assets 2012: $102,165Liabilities 2012: $45,715Net Assets 2012: $56,4502012Assets 2013: $106,140Liabilities 2013: $92,995Net Assets 2013: $13,1452013Assets 2014: $163,553Liabilities 2014: $190,323Net Assets 2014: -$26,7702014Assets 2015: $108,242Liabilities 2015: $115,908Net Assets 2015: -$7,6662015Assets 2016: $70,589Liabilities 2016: $91,285Net Assets 2016: -$20,6962016Assets 2017: $60,980Liabilities 2017: $110,117Net Assets 2017: -$49,1372017Assets 2018: $106,037Liabilities 2018: $127,865Net Assets 2018: -$21,8282018Assets 2019: $121,328Liabilities 2019: $142,304Net Assets 2019: -$20,9762019Assets 2020: $51,514Liabilities 2020: $82,878Net Assets 2020: -$31,3642020Assets 2021: $272,286Liabilities 2021: $188,141Net Assets 2021: $84,1452021Assets 2022: $446,973Liabilities 2022: $242,897Net Assets 2022: $204,0762022Assets 2023: $678,040Liabilities 2023: $349,481Net Assets 2023: $328,5592023Assets 2024: $786,991Liabilities 2024: $347,934Net Assets 2024: $439,0572024Assets 2025: $837,539Liabilities 2025: $287,568Net Assets 2025: $549,9712025

Highlighted filing

2024

Assets$786,991
Liabilities$347,934
Net Assets$439,057

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$800K$600K$400K$200K$0-$200KRevenue 2011: $552,777Expenses 2011: $503,189Net Income 2011: $49,5882011Revenue 2012: $542,760Expenses 2012: $538,848Net Income 2012: $3,9122012Revenue 2013: $440,234Expenses 2013: $483,539Net Income 2013: -$43,3052013Revenue 2014: $429,945Expenses 2014: $469,860Net Income 2014: -$39,9152014Revenue 2015: $522,135Expenses 2015: $503,031Net Income 2015: $19,1042015Revenue 2016: $462,357Expenses 2016: $475,387Net Income 2016: -$13,0302016Revenue 2017: $429,631Expenses 2017: $458,072Net Income 2017: -$28,4412017Revenue 2018: $492,914Expenses 2018: $465,605Net Income 2018: $27,3092018Revenue 2019: $455,265Expenses 2019: $454,413Net Income 2019: $8522019Revenue 2020: $347,481Expenses 2020: $357,869Net Income 2020: -$10,3882020Revenue 2021: $430,492Expenses 2021: $314,983Net Income 2021: $115,5092021Revenue 2022: $483,101Expenses 2022: $363,170Net Income 2022: $119,9312022Revenue 2023: $564,654Expenses 2023: $440,171Net Income 2023: $124,4832023Revenue 2024: $562,076Expenses 2024: $451,578Net Income 2024: $110,4982024Revenue 2025: $659,905Expenses 2025: $548,991Net Income 2025: $110,9142025

Highlighted filing

2024

Revenue$562,076
Expenses$451,578
Net Income$110,498
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
Jul 22, 2024
Return Version
2023v5.1
Gross Receipts
$562,076
Mission and Program Overview

Mission

The mission of the School is to develop global citizens who are compassionate, creative, and technologically proficient individuals in a dynamic and interconnected world.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$433,062$377,098▼ $55,964
Savings and Temporary Cash Investments$100,000$309,803▲ $209,803
Accounts Receivable$16,072$18,511▲ $2,439
Prepaid Expenses and Deferred Charges$1,495$1,458▼ $37
Land, Buildings, and Equipment, Net$14,271$719▼ $13,552
Total Assets$678,040$786,991▲ $108,951
Other Assets Total$113,140$79,402▼ $33,738
Liabilities
Mortgage Notes Payable Secured by Investment Property$150,000$150,000→ $0
Deferred Revenue$72,728$110,021▲ $37,293
Other Liabilities$111,813$77,826▼ $33,987
Accounts Payable and Accrued Expenses$14,940$10,087▼ $4,853
Total Liabilities$349,481$347,934▼ $1,547
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$328,559$439,057▲ $110,498
Total Net Assets Fund Balance$328,559$439,057▲ $110,498
Total Liabilities and Net Assets / Fund Balance$678,040$786,991▲ $108,951

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$719$122,720$123,439
Other Assets Org$76,502--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Leslie LevesqueHead of SchoolFT$82,720$4,183$86,903

Board Members and Trustees

NameTitle
David BeecherPresident
Diane SolomonVice President
Barbara McFallTrustee
Bonnie WeissTrustee
David LiebmannTrustee
Kyle WilsonTrustee
Michael ChefitzTrustee
Mike SmithTrustee
Evelyn WilsonSecretary
Jason ConsalvoTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$77,981
Program Service Revenue
$483,071
Investment Income
$1,024
Other Revenue
$0
All Other Contributions
$58,727
Change in Net Assets
$110,498

Audited Revenue Reconciliation

Revenue per Audited Statements
$562,076
Revenue Not Reported on Form 990
$1,972
Total Revenue per Audited Statements
$564,048
Total Revenue per Form 990
$562,076
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$304,594
Other Expenses$146,984
Total Fundraising Expense$1,509
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$122,954$54,483$361$177,798
Current Officers, Directors, Trustees, and Key Employees$62,040$20,680-$82,720
Occupancy$41,154$11,071-$52,225
Payroll Taxes$13,591$5,641$79$19,311
Other Employee Benefits$12,456$210-$12,666
Office Expenses$3,754$8,341$123$12,218
Pension Plan Contributions$8,574$3,525-$12,099
Travel$11,705--$11,705
Insurance-$10,817-$10,817
Fees for Services Accounting-$8,000-$8,000
Interest-$6,643-$6,643
Other Expenses$1,799$6,219$457$6,219
Information Technology$1,381$1,236$486$3,103
Fees for Services Other$350$1,508-$1,858
Advertising-$1,455-$1,455
Depreciation Depletion$227$89$3$319
Total Functional Expenses$307,128$142,941$1,509$451,578

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$453,550
Expenses per Audited Statements$451,578
Total Expenses per Form 990$451,578
Expenses Not Reported on Form 990$1,972
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Operting lease liability - ROU$77,826
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990 governing body review Part VI line 11

The Board reviews and unanimously approves the 990 before it is filed.

Conflict of interest policy compliance Part VI line 12C

The School monitors and enforces compliance with its conflict of interest policy.

Governing documents etc available to public Part VI line 19

All governing documents are available upon request. Additionally, they as well as the 990 are available through the Massachusetts Attorney Generals Office website.

Filing and Contact Details

Filer

Filer Name
The Phoenix School Inc
EIN
04-2738785
Address
28 Goodhue St Suite 2 and 3, Salem, MA 01970

Signing Officer

Name
Leslie Levesque
Title
Head of School
Phone
9787410870
Signed
2024-07-22
Discuss with paid preparer
No

Organization Details

Formed
1981
Legal Domicile
Ma
Voting Board Members
10
Independent Board Members
10
Employees
5

Preparer

Firm
Melissa Gilroy CPA
Address
80 Greenacre Rd, Westwood, MA 02090
Preparer
Melissa Gilroy
Phone
7816964019
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IRS990/OfficeExpensesGrp/TotalAmt012218
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0113140
IRS990/OtherAssetsTotalGrp/EOYAmt079402
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt0210
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt012456
IRS990/OtherEmployeeBenefitsGrp/TotalAmt012666
IRS990/OtherExpensesGrp/Desc0Food Serv and other Prg exp
IRS990/OtherExpensesGrp/Desc1Professional memebership
IRS990/OtherExpensesGrp/Desc2Merchandise and auction exp
IRS990/OtherExpensesGrp/Desc3Bad Debt
IRS990/OtherExpensesGrp/FundraisingAmt0457
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt03023
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt16219
IRS990/OtherExpensesGrp/ProgramServicesAmt023596
IRS990/OtherExpensesGrp/ProgramServicesAmt13547
IRS990/OtherExpensesGrp/ProgramServicesAmt21799
IRS990/OtherExpensesGrp/TotalAmt023596
IRS990/OtherExpensesGrp/TotalAmt16570
IRS990/OtherExpensesGrp/TotalAmt22256
IRS990/OtherExpensesGrp/TotalAmt36219
IRS990/OtherLiabilitiesGrp/BOYAmt0111813
IRS990/OtherLiabilitiesGrp/EOYAmt077826
IRS990/OtherRevenueMiscGrp/BusinessCd0611600
IRS990/OtherRevenueMiscGrp/Desc0Miscellaneous
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt0361
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt054483
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0122954
IRS990/OtherSalariesAndWagesGrp/TotalAmt0177798
IRS990/OtherWebsiteInd0X
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/FundraisingAmt079
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt05641
IRS990/PayrollTaxesGrp/ProgramServicesAmt013591
IRS990/PayrollTaxesGrp/TotalAmt019311
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt03525
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt08574
IRS990/PensionPlanContributionsGrp/TotalAmt012099
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt01495
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt01458
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0611600
IRS990/ProgramServiceRevenueGrp/BusinessCd1611600
IRS990/ProgramServiceRevenueGrp/Desc0Tuition
IRS990/ProgramServiceRevenueGrp/Desc1Academic program income
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0437876
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt145195
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0437876
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt145195
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt052760
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt03292
IRS990/PYOtherExpensesAmt0185209
IRS990/PYOtherRevenueAmt0398
IRS990/PYProgramServiceRevenueAmt0508204
IRS990/PYRevenuesLessExpensesAmt0124483
IRS990/PYSalariesCompEmpBnftPaidAmt0254962
IRS990/PYTotalExpensesAmt0440171
IRS990/PYTotalRevenueAmt0564654
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0110498
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0100000
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0309803
IRS990ScheduleA/SchoolInd0X
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/DonatedServicesAndUseFcltsAmt01972
IRS990ScheduleD/DonatedServicesUseFcltsAmt01972
IRS990ScheduleD/EquipmentGrp/BookValueAmt0719
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0122720
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0123439
IRS990ScheduleD/ExpensesNotReportedAmt01972
IRS990ScheduleD/ExpensesSubtotalAmt0451578
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt02900
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt176502
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0Security deposit
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1Operating Lease-right of use asset
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt077826
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Operting lease liability - ROU
IRS990ScheduleD/RevenueNotReportedAmt01972
IRS990ScheduleD/RevenueSubtotalAmt0562076
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0719
IRS990ScheduleD/TotalBookValueOtherAssetsAmt079402
IRS990ScheduleD/TotalExpensesPerForm990Amt0451578
IRS990ScheduleD/TotalLiabilityAmt077826
IRS990ScheduleD/TotalRevenuePerForm990Amt0562076
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0564048
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0453550
IRS990ScheduleE/ComplianceWithRevProc7550Ind0true
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd0false
IRS990ScheduleE/DiscriminateRaceAthltProgInd0false
IRS990ScheduleE/DiscriminateRaceEducPlcyInd0false
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd0false
IRS990ScheduleE/DiscriminateRaceOtherActyInd0false
IRS990ScheduleE/DiscriminateRaceSchsInd0false
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd0false
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd0false
IRS990ScheduleE/GovernmentFinancialAidRcvdInd0false
IRS990ScheduleE/GovernmentFinancialAidRvkdInd0false
IRS990ScheduleE/MaintainCpyOfAllSolInd0true
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd0true
IRS990ScheduleE/MaintainRacialCompRecsInd0true
IRS990ScheduleE/MaintainScholarshipsRecsInd0true
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd0true
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd0true
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd0true
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The Board reviews and unanimously approves the 990 before it is filed.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The School monitors and enforces compliance with its conflict of interest policy.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2All governing documents are available upon request. Additionally, they as well as the 990 are available through the Massachusetts Attorney Generals Office website.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990 governing body review Part VI line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Conflict of interest policy compliance Part VI line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Governing documents etc available to public Part VI line 19
IRS990/SchoolOperatingInd0true
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0MA
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0678040
IRS990/TotalAssetsEOYAmt0786991
IRS990/TotalAssetsGrp/BOYAmt0678040
IRS990/TotalAssetsGrp/EOYAmt0786991
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt077981
IRS990/TotalEmployeeCnt05
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt01509
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0142941
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0307128

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$8.38$2.88$5.50$6.60$5.49$1.11
2024Detailed filing. Detailed filing data is available for this year.$7.87$3.48$4.39$5.62$4.52$1.10
2023Detailed filing. Detailed filing data is available for this year.$6.78$3.49$3.29$5.65$4.40$1.24
2022Detailed filing. Detailed filing data is available for this year.$4.47$2.43$2.04$4.83$3.63$1.20
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.72$1.88$0.84$4.30$3.15$1.16
2020Detailed filing. Detailed filing data is available for this year.$0.52$0.83$0.31$3.47$3.58$0.10
2019Detailed filing. Detailed filing data is available for this year.$1.21$1.42$0.21$4.55$4.54$0.01
2018Detailed filing. Detailed filing data is available for this year.$1.06$1.28$0.22$4.93$4.66$0.27
2017Detailed filing. Detailed filing data is available for this year.$0.61$1.10$0.49$4.30$4.58$0.28
2016Detailed filing. Detailed filing data is available for this year.$0.71$0.91$0.21$4.62$4.75$0.13
2015Detailed filing. Detailed filing data is available for this year.$1.08$1.16$0.08$5.22$5.03$0.19
2014Detailed filing. Detailed filing data is available for this year.$1.64$1.90$0.27$4.30$4.70$0.40
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.06$0.93$0.13$4.40$4.84$0.43
2012Summary only. Only limited summary data is available for this year.$1.02$0.46$0.56$5.43$5.39$0.04
2011Summary only. Only limited summary data is available for this year.$1.04$0.52$0.53$5.53$5.03$0.50