Civic Intelligence

Phoenix Village Academy

990 • Fiscal year 2020 • EIN 20-1824149

Jul 01, 2019 to Jun 30, 2020 • Filed on Apr 26, 2021

Organization ProfileN/A
10615 Lamontier AveCleveland, OH 44104

(216) 812-0244

Siviq Scores

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

Liabilities / Assets

97th percentile

1.59x

Higher debt load relative to assets than 97% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Liabilities / Revenue

85th percentile

0.94x

Higher debt load relative to revenue than 85% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Net Margin

37th percentile

-0.0%

Higher net margin than 37% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Top Officer Pay

37th percentile

$0

Higher top officer pay than 37% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Asset Growth

95th percentile

154%

Faster asset growth than 95% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Revenue Growth

75th percentile

21%

Faster revenue growth than 75% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets97th percentile

Assets

Up

$1,516,648

Up $919,513 (+154%) from 2019

Net Assets

Down

-$900,884

Down $201 (-0.0%) from 2019

Liabilities

Up

$2,417,532

Up $919,714 (+61%) from 2019

Revenue And Expenses
Liabilities / Revenue85th percentileNet Margin37th percentile

Revenue

Up

$2,579,053

Up $441,384 (+21%) from 2019

Expenses

Up

$2,579,254

Up $336,345 (+15%) from 2019

Net Income

Up

-$201

Up $105,039 (+100%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth95th percentile

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

$4.0M$2.0M$0-$2.0MAssets 2015: $67,463Liabilities 2015: $268,971Net Assets 2015: -$201,5082015Assets 2016: $30,140Liabilities 2016: $866,309Net Assets 2016: -$836,1692016Assets 2017: $434,478Liabilities 2017: $1,001,741Net Assets 2017: -$567,2632017Assets 2018: $536,102Liabilities 2018: $1,331,545Net Assets 2018: -$795,4432018Assets 2019: $597,135Liabilities 2019: $1,497,818Net Assets 2019: -$900,6832019Assets 2020: $1,516,648Liabilities 2020: $2,417,532Net Assets 2020: -$900,8842020Assets 2021: $1,747,301Liabilities 2021: $2,482,023Net Assets 2021: -$734,7222021Assets 2022: $2,092,959Liabilities 2022: $2,890,378Net Assets 2022: -$797,4192022Assets 2023: $2,250,805Liabilities 2023: $3,226,149Net Assets 2023: -$975,3442023Assets 2024: $2,313,337Liabilities 2024: $3,938,581Net Assets 2024: -$1,625,2442024

Highlighted filing

2020

Assets$1,516,648
Liabilities$2,417,532
Net Assets-$900,884
Open 2020 Filing

Operations Trend

Revenue Growth75th percentile

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

$4.0M$2.0M$0-$2.0MRevenue 2015: $933,210Expenses 2015: $870,883Net Income 2015: $62,3272015Revenue 2016: $1,256,140Expenses 2016: $1,258,142Net Income 2016: -$2,0022016Revenue 2017: $1,088,381Expenses 2017: $1,055,767Net Income 2017: $32,6142017Revenue 2018: $1,342,994Expenses 2018: $1,082,084Net Income 2018: $260,9102018Revenue 2019: $2,137,669Expenses 2019: $2,242,909Net Income 2019: -$105,2402019Revenue 2020: $2,579,053Expenses 2020: $2,579,254Net Income 2020: -$2012020Revenue 2021: $2,857,642Expenses 2021: $2,691,480Net Income 2021: $166,1622021Revenue 2022: $3,282,123Expenses 2022: $3,344,820Net Income 2022: -$62,6972022Revenue 2023: $3,541,342Expenses 2023: $3,719,267Net Income 2023: -$177,9252023Revenue 2024: $2,276,200Expenses 2024: $2,909,896Net Income 2024: -$633,6962024

Highlighted filing

2020

Revenue$2,579,053
Expenses$2,579,254
Net Income-$201
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
Apr 26, 2021
Return Version
2019v5.2
Gross Receipts
$2,579,053
Mission and Program Overview

Mission

To provide instruction at a public community school for grades three through six.

Balance Sheet Detail
LineBeginningEndChange
Assets
Prepaid Expenses and Deferred Charges$521,213$885,972▲ $364,759
Cash and Non-Interest-Bearing Accounts$19,744$470,794▲ $451,050
Pledges and Grants Receivable$6,056$63,406▲ $57,350
Land, Buildings, and Equipment, Net$0$0→ $0
Total Assets$597,135$1,516,648▲ $919,513
Other Assets Total$50,122$96,476▲ $46,354
Liabilities
Other Liabilities$1,121,019$1,957,379▲ $836,360
Deferred Revenue$188,152$243,666▲ $55,514
Accounts Payable and Accrued Expenses$180,446$216,487▲ $36,041
Grants Payable$8,201$0▼ $8,201
Total Liabilities$1,497,818$2,417,532▲ $919,714
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-900,683$-900,884▼ $201
Total Net Assets Fund Balance$-900,683$-900,884▼ $201
Total Liabilities and Net Assets / Fund Balance$597,135$1,516,648▲ $919,513

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$0$55,989$55,989
Other Land Buildings$0$5,867$5,867
Other Assets Org$96,476--
Compensation and Service Providers
Top Officer Pay37th percentile

Board Members and Trustees

NameTitle
James HardimanPresident
George FraserVice President
Muqit SaburVice President
Donald WilliamsDirector
Sandy JonesDirector
Jeffrey a Foster CPAFiscal Officer

Highest Paid Contractors

ContractorServicesLocationCompensation
Genesis Group & Associates LLCEducational Management38190 HIGHGATE BLUFF LN, Willoughby, OH 44094$1,002,280
Revenue and Support

Revenue Composition

Contributions and Grants
$2,579,053
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$-201

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,579,053
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$2,579,053
Total Revenue per Form 990
$2,579,053
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,469,670
Other Expenses$1,109,584
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Management$1,002,280--$1,002,280
Other Salaries and Wages$997,697--$997,697
Other Employee Benefits$471,973--$471,973
Office Expenses-$107,304-$107,304
Total Functional Expenses$2,471,950$107,304$0$2,579,254

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$2,579,254
Total Expenses per Audited Statements$2,579,254
Total Expenses per Form 990$2,579,254
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
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
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Net Pension$1,731,868
Paycheck Protection Program$212,547
Intergovernmental Payable$12,964
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
Yes

Governance Explanations

Form 990, Part VI, Section A, Line 3

“Effective july 1, 2016, the school entered into a management agreement (agreement) with genesis group & associates, llc (gga, llc), which is an educational consulting and management company. The term of the agreement with gga, llc is for 3 years and will renew for additional, successive three (3) year terms unless one party notifies the other party no later than six months prior to the term expiration date of its intention to not renew the agreement. Substantially all functions of the school have been contracted to gga, llc. Gga, llc is responsible and accountable to the school's board of directors for the administration and operation of the school. The school is required to pay gga, llc a monthly continuing fee of 15 percent of the school's "qualified gross revenues", defined in the agreement as, all revenues and income received by the school except for charitable contributions. The continuing fee is paid to gga, llc based on the qualified gross revenues.”

Form 990, Part VI, Section B, Line 11B

“A copy of the completed form 990 is reviewed by the fiscal officer prior to filing.”

Form 990, Part VI, Section B, Line 12

“The governing authority reviews the conflict of interest policy annually.”

Form 990, Part VI, Section C, Line 19

“Upon written or verbal request, documents are made available to the public.”

Filing and Contact Details

Filer

Filer Name
Phoenix Village Academy
EIN
20-1824149
Phone
2168120244
Address
10615 LAMONTIER AVE, CLEVELAND, OH 44104

Signing Officer

Name
Jeffrey a Foster CPA
Title
Fiscal Officer
Phone
2168120244
Signed
2021-04-26
Discuss with paid preparer
Yes

Organization Details

Principal Officer
James Hardiman
Formed
2011
Legal Domicile
Oh
Voting Board Members
5
Independent Board Members
5
Employees
38
Volunteers
5

Preparer

Firm
Marcum Llp
Address
3320 WEST MARKET STREET STE 300, FAIRLAWN, OH 44333
Preparer
Jeffrey a Foster CPA
Phone
3305648500
Raw XML Appendix357 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleE/PolicyStmtInBrochuresEtcInd01
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0A STATEMENT READING "ALL EDUCATIONAL PROGRAMS ARE AVAILABLE WITHOUT REGARD TO RACE, COLOR, NATIONAL ORIGIN, SEX OR DISABILITY" IS ALWAYS INCLUDED. THIS STATEMENT IS PUBLISHED IN THE PARENT/STUDENT HANDBOOK, BOARD POLICY BOOK AND ON THE WEBSITE.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION DOES NOT PROVIDE SCHOLARSHIPS OR FINANCIAL ASSISTANCE.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt2THE SCHOOL CURRENTLY PARTICIPATES IN THE STATE FOUNDATION PROGRAM AND CASINO DISTRIBUTIONS. REVENUES RECEIVED FROM THESE PROGRAMS ARE RECOGNIZED AS OPERATING REVENUES IN THE ACCOUNTING PERIOD IN WHICH ALL ELIGIBILIY REQUIREMENTS HAVE BEEN MET. THE SCHOOL ALSO PARTICIPATES IN THE FEDERAL CHARTER SCHOOL GRANT PROGRAM THROUGH THE OHIO DEPARTMENT OF EDUCATION.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, PART I, LINE 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE E, PART I, LINE 4
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc2SCHEDULE E, PART I, LINE 6
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0EFFECTIVE JULY 1, 2016, THE SCHOOL ENTERED INTO A MANAGEMENT AGREEMENT (AGREEMENT) WITH GENESIS GROUP & ASSOCIATES, LLC (GGA, LLC), WHICH IS AN EDUCATIONAL CONSULTING AND MANAGEMENT COMPANY. THE TERM OF THE AGREEMENT WITH GGA, LLC IS FOR 3 YEARS AND WILL RENEW FOR ADDITIONAL, SUCCESSIVE THREE (3) YEAR TERMS UNLESS ONE PARTY NOTIFIES THE OTHER PARTY NO LATER THAN SIX MONTHS PRIOR TO THE TERM EXPIRATION DATE OF ITS INTENTION TO NOT RENEW THE AGREEMENT. SUBSTANTIALLY ALL FUNCTIONS OF THE SCHOOL HAVE BEEN CONTRACTED TO GGA, LLC. GGA, LLC IS RESPONSIBLE AND ACCOUNTABLE TO THE SCHOOL'S BOARD OF DIRECTORS FOR THE ADMINISTRATION AND OPERATION OF THE SCHOOL. THE SCHOOL IS REQUIRED TO PAY GGA, LLC A MONTHLY CONTINUING FEE OF 15 PERCENT OF THE SCHOOL'S "QUALIFIED GROSS REVENUES", DEFINED IN THE AGREEMENT AS, ALL REVENUES AND INCOME RECEIVED BY THE SCHOOL EXCEPT FOR CHARITABLE CONTRIBUTIONS. THE CONTINUING FEE IS PAID TO GGA, LLC BASED ON THE QUALIFIED GROSS REVENUES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1A COPY OF THE COMPLETED FORM 990 IS REVIEWED BY THE FISCAL OFFICER PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE GOVERNING AUTHORITY REVIEWS THE CONFLICT OF INTEREST POLICY ANNUALLY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3UPON WRITTEN OR VERBAL REQUEST, DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 12
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd01
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0597135
IRS990/TotalAssetsEOYAmt01516648
IRS990/TotalAssetsGrp/BOYAmt0597135
IRS990/TotalAssetsGrp/EOYAmt01516648
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt02579053
IRS990/TotalEmployeeCnt038
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0107304
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt02471950
IRS990/TotalFunctionalExpensesGrp/TotalAmt02579254
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt01497818
IRS990/TotalLiabilitiesEOYAmt02417532
IRS990/TotalLiabilitiesGrp/BOYAmt01497818
IRS990/TotalLiabilitiesGrp/EOYAmt02417532
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-900683
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-900884
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt02471950
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt02579053
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt05
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0597135
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01516648
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt010615 LAMONTIER AVE
IRS990/USAddress/CityNm0CLEVELAND
IRS990/USAddress/StateAbbreviationCd0OH
IRS990/USAddress/ZIPCd044104
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0JEFFREY A FOSTER CPA
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0FISCAL OFFICER
ReturnHeader/BusinessOfficerGrp/PhoneNum02168120244
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-04-26
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0PHOENIX VILLAGE ACADEMY
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0WINGS ACADEMY 1
ReturnHeader/Filer/BusinessNameControlTxt0PHOE
ReturnHeader/Filer/EIN0201824149
ReturnHeader/Filer/PhoneNum02168120244
ReturnHeader/Filer/USAddress/AddressLine1Txt010615 LAMONTIER AVE
ReturnHeader/Filer/USAddress/CityNm0CLEVELAND
ReturnHeader/Filer/USAddress/StateAbbreviationCd0OH
ReturnHeader/Filer/USAddress/ZIPCd044104
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0111986323
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0MARCUM LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt03320 WEST MARKET STREET STE 300
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0FAIRLAWN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0OH
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd044333
ReturnHeader/PreparerPersonGrp/PhoneNum03305648500
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JEFFREY A FOSTER CPA
ReturnHeader/ReturnTs02021-04-28T12:31:01-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02019-07-01
ReturnHeader/TaxPeriodEndDt02020-06-30
ReturnHeader/TaxYr02019

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,516,648
Liabilities
$2,417,532
Net assets
-$900,884
Revenue
$2,579,053
Expenses
$2,579,254
Net income
-$201
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$2.31$3.94$1.63$2.28$2.91$0.63
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.25$3.23$0.98$3.54$3.72$0.18
2022Detailed filing. Detailed filing data is available for this year.$2.09$2.89$0.80$3.28$3.34$0.06
2021Detailed filing. Detailed filing data is available for this year.$1.75$2.48$0.73$2.86$2.69$0.17
2020Detailed filing. Detailed filing data is available for this year.$1.52$2.42$0.90$2.58$2.58$0.00
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.60$1.50$0.90$2.14$2.24$0.11
2018Detailed filing. Detailed filing data is available for this year.$0.54$1.33$0.80$1.34$1.08$0.26
2017Summary only. Only limited summary data is available for this year.$0.43$1.00$0.57$1.09$1.06$0.03
2016Summary only. Only limited summary data is available for this year.$0.03$0.87$0.84$1.26$1.26$0.00
2015Summary only. Only limited summary data is available for this year.$0.07$0.27$0.20$0.93$0.87$0.06