Civic Intelligence

Phoenix Community Learning Center

990 • Fiscal year 2023 • EIN 31-1738913

Jul 01, 2022 to Jun 30, 2023 • Filed on May 14, 2024

3595 Washington AvenueCincinnati, OH 45229

(330) 564-8531

Siviq Scores

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

Liabilities / Assets

96th percentile

1.14x

Higher debt load relative to assets than 96% of similar nonprofits.

2023 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2023

Liabilities / Revenue

90th percentile

1.96x

Higher debt load relative to revenue than 90% of similar nonprofits.

2023 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2023

Net Margin

61st percentile

9.5%

Higher net margin than 61% of similar nonprofits.

2023 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2023

Top Officer Pay

40th percentile

$103,842

Higher top officer pay than 40% of similar nonprofits.

Top officer pay equals 2.6% of source-year revenue.

2023 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2023

Asset Growth

99th percentile

460%

Faster asset growth than 99% of similar nonprofits.

2023 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2022 to 2023

Revenue Growth

15th percentile

-23%

Faster revenue growth than 15% of similar nonprofits.

2023 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2022 to 2023

Assets

Up

$6,883,843

Up $5,653,964 (+460%) from 2022

Net Assets

Down

-$949,092

Down $2,178,971 (-177%) from 2022

Liabilities

Up

$7,832,935

Up $7,832,935 from 2022

Revenue

Down

$4,002,919

Down $1,219,706 (-23%) from 2022

Expenses

Down

$3,621,888

Down $764,337 (-17%) from 2022

Net Income

Down

$381,031

Down $455,369 (-54%) from 2022

Historical Trend

Balance Sheet Trend

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

$10M$5.0M$0-$5.0MAssets 2020: $822,723Liabilities 2020: $0Net Assets 2020: $822,7232020Assets 2021: $393,479Liabilities 2021: $0Net Assets 2021: $393,4792021Assets 2022: $1,229,879Liabilities 2022: $0Net Assets 2022: $1,229,8792022Assets 2023: $6,883,843Liabilities 2023: $7,832,935Net Assets 2023: -$949,0922023Assets 2024: $3,441,496Liabilities 2024: $5,376,333Net Assets 2024: -$1,934,8372024

Highlighted filing

2023

Assets$6,883,843
Liabilities$7,832,935
Net Assets-$949,092

Operations Trend

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

$6.0M$4.0M$2.0M$0-$2.0MRevenue 2020: $4,900,211Expenses 2020: $4,839,099Net Income 2020: $61,1122020Revenue 2021: $3,332,859Expenses 2021: $3,762,103Net Income 2021: -$429,2442021Revenue 2022: $5,222,625Expenses 2022: $4,386,225Net Income 2022: $836,4002022Revenue 2023: $4,002,919Expenses 2023: $3,621,888Net Income 2023: $381,0312023Revenue 2024: $2,817,227Expenses 2024: $2,778,082Net Income 2024: $39,1452024

Highlighted filing

2023

Revenue$4,002,919
Expenses$3,621,888
Net Income$381,031
Jump To
Filing Snapshot
Filing Period
Jul 1, 2022 to Jun 30, 2023
Signed
May 14, 2024
Return Version
2022v5.0
Gross Receipts
$4,002,919
Mission and Program Overview

Mission

The mission of regeneration schools is to ensure that all children have equal access to high quality, college-preparatory education through academic excellence and the content of their character.

To ensure that all children have equal access to high quality, college-preparatory education through academic excellence and the content of their character.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$3,964,709$4,061,022▲ $96,313
Prepaid Expenses and Deferred Charges$1,220,812$1,003,387▼ $217,425
Cash and Non-Interest-Bearing Accounts$556,939$835,509▲ $278,570
Savings and Temporary Cash Investments$758,409--
Accounts Receivable$409,716$689,192▲ $279,476
Total Assets$7,139,580$6,883,843▼ $255,737
Other Assets Total$228,995$294,733▲ $65,738
Liabilities
Other Liabilities$2,044,447$3,241,945▲ $1,197,498
Mortgage Notes Payable Secured by Investment Property$2,727,170$2,439,407▼ $287,763
Deferred Revenue$2,885,653$1,488,239▼ $1,397,414
Accounts Payable and Accrued Expenses$812,433$663,344▼ $149,089
Total Liabilities$8,469,703$7,832,935▼ $636,768
Net Assets / Fund Balance
Net Assets With Donor Restrictions$356,482$412,003▲ $55,521
Net Assets Without Donor Restrictions$-1,686,605$-1,361,095▲ $325,510
Total Net Assets Fund Balance$-1,330,123$-949,092▲ $381,031
Total Liabilities and Net Assets / Fund Balance$7,139,580$6,883,843▼ $255,737

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$3,528,327$1,493,185$5,021,512
Equipment$244,995$646,372$891,367
Land$287,700-$287,700
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Melissa BrownDay-to-day EmployeeFT$103,842$103,842

Board Members and Trustees

NameTitle
Dr Jamilah HackworthPresident
Megan WallaceBoard Member
Rosa BlackwellBoard Member
Jeffrey Foster CPAFiscal Officer
Stephanie AtayaFiscal Officer
Laura MosesTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Mangen And AssociatesFinancial Management6640 POE AVENUE SUITE 400, Dayton, OH 45414$309,313
Auntys Homemade FoodFood Services401 ELLIOTT AVE, Arlington Heights, OH 45215$149,393
Revenue and Support

Revenue Composition

Contributions and Grants
$3,971,095
Program Service Revenue
$0
Investment Income
$28,572
Other Revenue
$3,252
Change in Net Assets
$381,031

Audited Revenue Reconciliation

Revenue per Audited Statements
$4,002,919
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$-171,629
Total Revenue per Audited Statements
$3,831,290
Total Revenue per Form 990
$4,002,919
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$3,252,206
Salaries, Compensation, and Employee Benefits$369,682
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Management$2,818,379--$2,818,379
Other Employee Benefits$369,682--$369,682
Interest-$171,629-$171,629
Depreciation Depletion-$158,997-$158,997
Other Expenses-$30,127-$30,127
Fees for Services Legal$4,725--$4,725
Total Functional Expenses$3,192,786$429,102$0$3,621,888

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$3,621,888
Expenses per Audited Statements$3,450,259
Total Expenses per Audited Statements$3,450,259
Expenses Not Reported on Financial Statements$171,629
Other Expense Adjustments$171,629
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$3,241,945
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, Part VI, Section A, Line 8B

There are no committees that may act on behalf of the full board of directors.

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

A copy of the completed form 990 is sent to the board president and school treasurer to be reviewed and signed before filing.

Form 990, Part VI, Section B, Line 12C

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. However, for the end of the year unaudited financials, a public notice is placed in the local papers stating that the unaudited financials are available for review.

Filing and Contact Details

Filer

Filer Name
Regeneration Avondale
EIN
31-1738913
Phone
3305648531
Address
3595 WASHINGTON AVENUE, CINCINNATI, OH 45229

Signing Officer

Name
Stephanie Ataya
Title
Fiscal Officer
Phone
3305648531
Signed
2024-05-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Stephanie Ataya
Formed
2001
Legal Domicile
Oh
Voting Board Members
4
Independent Board Members
4
Employees
54
Volunteers
4

Preparer

Firm
Marcum Llp
Address
3320 WEST MARKET STREET STE 300, FAIRLAWN, OH 44333
Preparer
Jeffrey a Foster CPA
Phone
3305648500
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

The organization does have a committee that assumes oversight responsibility of the audit, review of its financial statements, and selection of an independent accountant. This is the policy put in place since inception.

Financial Statement Notes

PART XI, LINE 2D - OTHER ADJUSTMENTS:

INTEREST -171,629.

PART XII, LINE 4B - OTHER ADJUSTMENTS:

INTEREST 171,629.

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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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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt03241945
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0NET PENSION
IRS990ScheduleD/OtherRevenueAmt0-171629
IRS990ScheduleD/RevenueNotReportedAmt0-171629
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt04002919
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0INTEREST -171,629.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1INTEREST 171,629.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART XI, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART XII, LINE 4B - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt04061022
IRS990ScheduleD/TotalExpensesPerForm990Amt03621888
IRS990ScheduleD/TotalLiabilityAmt03241945
IRS990ScheduleD/TotalRevenuePerForm990Amt04002919
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt03831290
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt03450259
IRS990ScheduleE/ComplianceWithRevProc7550Ind01
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd00
IRS990ScheduleE/DiscriminateRaceAthltProgInd00
IRS990ScheduleE/DiscriminateRaceEducPlcyInd00
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd00
IRS990ScheduleE/DiscriminateRaceOtherActyInd00
IRS990ScheduleE/DiscriminateRaceSchsInd00
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd00
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd00
IRS990ScheduleE/GovernmentFinancialAidRcvdInd01
IRS990ScheduleE/GovernmentFinancialAidRvkdInd00
IRS990ScheduleE/MaintainCpyOfAllSolInd01
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd01
IRS990ScheduleE/MaintainRacialCompRecsInd01
IRS990ScheduleE/MaintainScholarshipsRecsInd00
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd01
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd01
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. REVENUES RECEIVED FROM THIS PROGRAM ARE RECOGNIZED AS OPERATING REVENUES IN THE ACCOUNTING PERIOD IN WHICH ALL ELIGIBILITY 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/ExplanationTxt0THERE ARE NO COMMITTEES THAT MAY ACT ON BEHALF OF THE FULL BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1A COPY OF THE COMPLETED FORM 990 IS SENT TO THE BOARD PRESIDENT AND SCHOOL TREASURER TO BE REVIEWED AND SIGNED BEFORE 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. HOWEVER, FOR THE END OF THE YEAR UNAUDITED FINANCIALS, A PUBLIC NOTICE IS PLACED IN THE LOCAL PAPERS STATING THAT THE UNAUDITED FINANCIALS ARE AVAILABLE FOR REVIEW.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION DOES HAVE A COMMITTEE THAT ASSUMES OVERSIGHT RESPONSIBILITY OF THE AUDIT, REVIEW OF ITS FINANCIAL STATEMENTS, AND SELECTION OF AN INDEPENDENT ACCOUNTANT. THIS IS THE POLICY PUT IN PLACE SINCE INCEPTION.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 8B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART XII, LINE 2C:
IRS990/SchoolOperatingInd01
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt07139580
IRS990/TotalAssetsEOYAmt06883843
IRS990/TotalAssetsGrp/BOYAmt07139580
IRS990/TotalAssetsGrp/EOYAmt06883843
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt03971095
IRS990/TotalEmployeeCnt054
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0429102
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt03192786
IRS990/TotalFunctionalExpensesGrp/TotalAmt03621888
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt08469703
IRS990/TotalLiabilitiesEOYAmt07832935
IRS990/TotalLiabilitiesGrp/BOYAmt08469703
IRS990/TotalLiabilitiesGrp/EOYAmt07832935
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-1330123
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-949092
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt03192786
IRS990/TotalReportableCompFromOrgAmt0103842
IRS990/TotalRevenueGrp/ExclusionAmt031824
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt04002919
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt04
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt07139580
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt06883843
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt03320 WEST MARKET STREET SUITE 300
IRS990/USAddress/CityNm0FAIRLAWN
IRS990/USAddress/StateAbbreviationCd0OH
IRS990/USAddress/ZIPCd044333
IRS990/VotingMembersGoverningBodyCnt04
IRS990/VotingMembersIndependentCnt04
IRS990/WebsiteAddressTxt0REGENERATIONSCHOOLS.ORG
IRS990/WhistleblowerPolicyInd01
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd00
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0STEPHANIE ATAYA
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0FISCAL OFFICER
ReturnHeader/BusinessOfficerGrp/PhoneNum03305648531
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-05-14
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0REGENERATION AVONDALE
ReturnHeader/Filer/BusinessNameControlTxt0REGE
ReturnHeader/Filer/EIN0311738913
ReturnHeader/Filer/PhoneNum03305648531
ReturnHeader/Filer/USAddress/AddressLine1Txt03595 WASHINGTON AVENUE
ReturnHeader/Filer/USAddress/CityNm0CINCINNATI
ReturnHeader/Filer/USAddress/StateAbbreviationCd0OH
ReturnHeader/Filer/USAddress/ZIPCd045229
ReturnHeader/IRSResponsiblePrtyInfoCurrInd00
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/PreparationDt02024-05-14
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JEFFREY A FOSTER CPA
ReturnHeader/ReturnTs02024-05-15T08:29:37-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0STEPHANIE
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0ATAYA
ReturnHeader/TaxPeriodBeginDt02022-07-01
ReturnHeader/TaxPeriodEndDt02023-06-30

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