Civic Intelligence

Phoenix Employment Services of Wilmington Inc.

990 • Fiscal year 2020 • EIN 54-2074778

Jul 01, 2019 to Jun 30, 2020 • Filed on Nov 24, 2020

20 North 4th StreetWilmington, NC 28401

(910) 343-8469

Siviq Scores

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

Liabilities / Assets

69th percentile

0.20x

Higher debt load relative to assets than 69% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Liabilities / Revenue

65th percentile

0.16x

Higher debt load relative to revenue than 65% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Net Margin

44th percentile

3.0%

Higher net margin than 44% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Top Officer Pay

85th percentile

$91,154

Higher top officer pay than 85% of similar nonprofits.

Top officer pay equals 10.0% of source-year revenue.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Asset Growth

73rd percentile

27%

Faster asset growth than 73% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2019 to 2020

Revenue Growth

52nd percentile

0.3%

Faster revenue growth than 52% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2019 to 2020

Assets

Up

$731,175

Up $153,421 (+27%) from 2019

Net Assets

Up

$587,952

Up $27,149 (+4.8%) from 2019

Liabilities

Up

$143,223

Up $126,272 (+745%) from 2019

Revenue

Up

$910,960

Up $3,137 (+0.3%) from 2019

Expenses

Up

$883,811

Up $85,632 (+11%) from 2019

Net Income

Down

$27,149

Down $82,495 (-75%) from 2019

Historical Trend

Balance Sheet Trend

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

$1.5M$1.0M$500K$0Assets 2010: $62,770Liabilities 2010: $6,408Net Assets 2010: $56,3622010Assets 2011: $86,770Liabilities 2011: $11,677Net Assets 2011: $75,0932011Assets 2012: $90,933Liabilities 2012: $10,855Net Assets 2012: $80,0782012Assets 2013: $327,533Liabilities 2013: $20,618Net Assets 2013: $306,9152013Assets 2014: $466,600Liabilities 2014: $29,404Net Assets 2014: $437,1962014Assets 2015: $434,150Liabilities 2015: $17,309Net Assets 2015: $416,8412015Assets 2016: $396,095Liabilities 2016: $25,5462016Assets 2017: $516,488Liabilities 2017: $73,901Net Assets 2017: $442,5872017Assets 2018: $462,309Liabilities 2018: $11,150Net Assets 2018: $451,1592018Assets 2019: $577,754Liabilities 2019: $16,951Net Assets 2019: $560,8032019Assets 2020: $731,175Liabilities 2020: $143,223Net Assets 2020: $587,9522020Assets 2021: $745,722Liabilities 2021: $19,529Net Assets 2021: $726,1932021Assets 2022: $1,322,817Liabilities 2022: $579,142Net Assets 2022: $743,6752022Assets 2023: $1,358,511Liabilities 2023: $512,189Net Assets 2023: $846,3222023Assets 2024: $888,336Liabilities 2024: $268,175Net Assets 2024: $620,1612024

Highlighted filing

2020

Assets$731,175
Liabilities$143,223
Net Assets$587,952

Operations Trend

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

$2.0M$1.5M$1.0M$500K$0-$500KRevenue 2010: $186,714Expenses 2010: $190,005Net Income 2010: -$3,2912010Revenue 2011: $178,871Expenses 2011: $160,140Net Income 2011: $18,7312011Expenses 2012: $193,5572012Revenue 2013: $513,618Expenses 2013: $286,781Net Income 2013: $226,8372013Revenue 2014: $413,046Expenses 2014: $282,765Net Income 2014: $130,2812014Revenue 2015: $330,352Expenses 2015: $350,707Net Income 2015: -$20,3552015Revenue 2016: $178,190Expenses 2016: $225,280Net Income 2016: -$47,0902016Revenue 2017: $563,615Expenses 2017: $491,577Net Income 2017: $72,0382017Revenue 2018: $596,969Expenses 2018: $588,397Net Income 2018: $8,5722018Revenue 2019: $907,823Expenses 2019: $798,179Net Income 2019: $109,6442019Revenue 2020: $910,960Expenses 2020: $883,811Net Income 2020: $27,1492020Revenue 2021: $1,128,506Expenses 2021: $990,265Net Income 2021: $138,2412021Revenue 2022: $1,242,849Expenses 2022: $1,225,367Net Income 2022: $17,4822022Revenue 2023: $1,762,888Expenses 2023: $1,660,241Net Income 2023: $102,6472023Revenue 2024: $1,189,095Expenses 2024: $1,374,756Net Income 2024: -$185,6612024

Highlighted filing

2020

Revenue$910,960
Expenses$883,811
Net Income$27,149
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
Nov 24, 2020
Return Version
2019v5.0
Gross Receipts
$910,960
Mission and Program Overview

Mission

Phoenix Employment Services, Inc. (dba StepUp Wilmington) seeks to empower individuals to reach their potential and lead stable lives through satisfying work. StepUp Wilmington's vision is to create a community of prosperity and hope.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$300,717$448,604▲ $147,887
Cash and Non-Interest-Bearing Accounts$195,346$184,643▼ $10,703
Accounts Receivable$63,635$97,928▲ $34,293
Land, Buildings, and Equipment, Net$15,868$0▼ $15,868
Prepaid Expenses and Deferred Charges$2,188$0▼ $2,188
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$577,754$731,175▲ $153,421
Other Assets Total-$0-
Liabilities
Unsecured Notes Loans Payable-$126,000-
Accounts Payable and Accrued Expenses$16,951$17,223▲ $272
Total Liabilities$16,951$143,223▲ $126,272
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$560,803$587,952▲ $27,149
Total Net Assets Fund Balance$560,803$587,952▲ $27,149
Total Liabilities and Net Assets / Fund Balance$577,754$731,175▲ $153,421
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Will RikardExecutive DirectorFT$84,117$7,037$91,154

Board Members and Trustees

NameTitle
Anthony ParnellPresident
Mary GorntoVice President
Andrew CookeDirector
Ayize GrayDirector
Bob BatesDirector
Cory NewtonDirector
Jeff BarnesDirector
Lillian SmithDirector
Meghan CowanDirector
Melissa PressleyDirector
Tanya ArmourDirector
Marcel BranchSecretary
Tracel WiltSecretary
Steve SmitsTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$903,777
Program Service Revenue
$0
Investment Income
$7,183
Other Revenue
$0
All Other Contributions
$758,425
Change in Net Assets
$27,149

Audited Revenue Reconciliation

Revenue per Audited Statements
$910,960
Total Revenue per Audited Statements
$910,960
Total Revenue per Form 990
$910,960
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$724,123
Total Fundraising Expense$178,575
Other Expenses$142,088
Professional Fundraising Fees$17,600
Grants and Similar Amounts Paid$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$436,907-$81,482$518,389
Current Officers, Directors, Trustees, and Key Employees$38,500$7,170$38,500$84,170
Other Employee Benefits$56,164$748$7,977$64,889
Other Expenses$42,095$5,693$16,818$64,606
Payroll Taxes$37,319$758$7,064$45,141
Occupancy$30,529$1,375$5,865$37,769
Fees for Services Accounting-$18,269-$18,269
Fees for Services Professional Fundraising--$17,600$17,600
Depreciation Depletion-$15,868-$15,868
Pension Plan Contributions$8,464$372$2,698$11,534
Insurance$3,176$62$571$3,809
Fees for Services Other$1,767--$1,767
Total Functional Expenses$654,921$50,315$178,575$883,811

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$883,811
Total Expenses per Audited Statements$883,811
Total Expenses per Form 990$883,811
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
Yes

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$17,600
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
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
Yes
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, Line 11B: Form 990 Review Process

Prepared by independent CPA. Reviewed by executive committee. Made available to full board for comments.

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

Annual disclosure questionnaire completed by all board members.

Form 990, Part VI, Line 15A: Compensation Review & Approval Process - CEO, Top Management

Board-appointed committee reviews salary data available of comparable nonprofits during salary increase deliberations. Full board is notified of changes in compensation.

Form 990, Part VI, Line 15B: Compensation Review and Approval Process for Officers and Key Employees

As above.

Form 990, Part VI, Line 18: Explanation of Other Means Forms Available For Public Inspection

Available at www.guidestar.org and/or available upon request from the organization.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

Available upon request.

Filing and Contact Details

Filer

Filer Name
Phoenix Employment Services
EIN
54-2074778
Phone
9103438469
Address
20 North 4th Street, Wilmington, NC 28401

Signing Officer

Name
Meghan Cowan
Title
Treasurer
Signed
2020-11-24
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Anthony Parnell
Formed
2002
Legal Domicile
Nc
Voting Board Members
14
Independent Board Members
14
Employees
13
Volunteers
40

Preparer

Firm
Bearmancpa Pllc
Address
124 Cavalier Dr, WILMINGTON, NC 28403
Preparer
Nigel Bearman
Phone
9105080630
Supplemental Narrative

Financial Statement Notes

Part X : FIN48 Footnote

The organization is exempt from federal income taxation under Section 501(c)(3) of the Internal Revenue Code. Additionally, it does not generate business income unrelated to its exempt purpose and therefore has made no provision for income taxes or uncertain tax positions in the financial statements. There are no federal or state tax audits of the organization in progress and Phoenix believes it is not subject to tax examinations for fiscal years prior to 2016/17.

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IRS990/Form990PartVIISectionAGrp/PersonNm1Anthony Parnell
IRS990/Form990PartVIISectionAGrp/PersonNm2Mary Gornto
IRS990/Form990PartVIISectionAGrp/PersonNm3Steve Smits
IRS990/Form990PartVIISectionAGrp/PersonNm4Tracel Wilt
IRS990/Form990PartVIISectionAGrp/PersonNm5Tanya Armour
IRS990/Form990PartVIISectionAGrp/PersonNm6Jeff Barnes
IRS990/Form990PartVIISectionAGrp/PersonNm7Bob Bates
IRS990/Form990PartVIISectionAGrp/PersonNm8Marcel Branch
IRS990/Form990PartVIISectionAGrp/PersonNm9Andrew Cooke
IRS990/Form990PartVIISectionAGrp/PersonNm10Meghan Cowan
IRS990/Form990PartVIISectionAGrp/PersonNm11Ayize Gray
IRS990/Form990PartVIISectionAGrp/PersonNm12Cory Newton
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IRS990/Form990PartVIISectionAGrp/TitleTxt0Executive Dir.
IRS990/Form990PartVIISectionAGrp/TitleTxt1President
IRS990/Form990PartVIISectionAGrp/TitleTxt2Vice President
IRS990/Form990PartVIISectionAGrp/TitleTxt3Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt4Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt5Director
IRS990/Form990PartVIISectionAGrp/TitleTxt6Director
IRS990/Form990PartVIISectionAGrp/TitleTxt7Director
IRS990/Form990PartVIISectionAGrp/TitleTxt8Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt9Director
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IRS990/Form990PartVIISectionAGrp/TitleTxt12Director
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IRS990/MissionDesc0Phoenix Employment Services, Inc. (dba StepUp Wilmington) seeks to empower individuals to reach their potential and lead stable lives through satisfying work. StepUp Wilmington's vision is to create a community of prosperity and hope.
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IRS990/OccupancyGrp/ProgramServicesAmt030529
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IRS990/OtherSalariesAndWagesGrp/TotalAmt0518389
IRS990/OtherWebsiteInd0X
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
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IRS990/PaymentsToAffiliatesGrp/TotalAmt00
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IRS990ScheduleA/Total509Grp/TotalAmt03011358
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Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.89$0.27$0.62$1.19$1.37$0.19
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.36$0.51$0.85$1.76$1.66$0.10
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.32$0.58$0.74$1.24$1.23$0.02
2021Detailed filing. Detailed filing data is available for this year.$0.75$0.02$0.73$1.13$0.99$0.14
2020Detailed filing. Detailed filing data is available for this year.$0.73$0.14$0.59$0.91$0.88$0.03
2019Detailed filing. Detailed filing data is available for this year.$0.58$0.02$0.56$0.91$0.80$0.11
2018Detailed filing. Detailed filing data is available for this year.$0.46$0.01$0.45$0.60$0.59$0.01
2017Detailed filing. Detailed filing data is available for this year.$0.52$0.07$0.44$0.56$0.49$0.07
2016Summary only. Only limited summary data is available for this year.$0.40$0.03$0.18$0.23$0.05
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.43$0.02$0.42$0.33$0.35$0.02
2014Detailed filing. Detailed filing data is available for this year.$0.47$0.03$0.44$0.41$0.28$0.13
2013Detailed filing. Detailed filing data is available for this year.$0.33$0.02$0.31$0.51$0.29$0.23
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.09$0.01$0.08$0.19
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.09$0.01$0.08$0.18$0.16$0.02
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.06$0.01$0.06$0.19$0.19$0.00