Civic Intelligence

Phoenix Academy Inc.

990 • Fiscal year 2017 • EIN 56-2059485

Jul 01, 2016 to Jun 30, 2017 • Filed on Dec 07, 2017

4020 Meeting WayHigh Point, NC 27265

(336) 869-0079

Siviq Scores

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

Liabilities / Assets

38th percentile

0.17x

Higher debt load relative to assets than 38% of similar nonprofits.

2017 filings • NTEE B • $5M-$10M nonprofits • Source year 2017

Liabilities / Revenue

15th percentile

0.02x

Higher debt load relative to revenue than 15% of similar nonprofits.

2017 filings • NTEE B • $5M-$10M nonprofits • Source year 2017

Net Margin

39th percentile

1.0%

Higher net margin than 39% of similar nonprofits.

2017 filings • NTEE B • $5M-$10M nonprofits • Source year 2017

Top Officer Pay

39th percentile

$107,286

Higher top officer pay than 39% of similar nonprofits.

Top officer pay equals 1.1% of source-year revenue.

2017 filings • NTEE B • $5M-$10M nonprofits • Source year 2017

Asset Growth

77th percentile

21%

Faster asset growth than 77% of similar nonprofits.

2017 filings • NTEE B • $5M-$10M nonprofits • Annualized from 2016 to 2017

Revenue Growth

72nd percentile

17%

Faster revenue growth than 72% of similar nonprofits.

2017 filings • NTEE B • $5M-$10M nonprofits • Annualized from 2016 to 2017

Assets

Up

$1,327,978

Up $229,044 (+21%) from 2016

Net Assets

Up

$1,097,481

Up $122,948 (+13%) from 2016

Liabilities

Up

$230,497

Up $106,096 (+85%) from 2016

Revenue

Up

$9,639,824

Up $1,376,003 (+17%) from 2016

Expenses

Up

$9,544,921

Up $825,125 (+9.5%) from 2016

Net Income

Up

$94,903

Up $550,878 (+121%) from 2016

Historical Trend

Balance Sheet Trend

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

$8.0M$6.0M$4.0M$2.0M$0Assets 2010: $1,257,463Liabilities 2010: $3,212Net Assets 2010: $1,254,2512010Assets 2011: $1,298,733Liabilities 2011: $3,796Net Assets 2011: $1,294,9372011Assets 2012: $1,532,447Liabilities 2012: $73,221Net Assets 2012: $1,459,2262012Assets 2013: $1,167,808Liabilities 2013: $39,598Net Assets 2013: $1,128,2102013Assets 2014: $1,304,395Liabilities 2014: $133,493Net Assets 2014: $1,170,9022014Assets 2015: $1,545,836Liabilities 2015: $115,328Net Assets 2015: $1,430,5082015Assets 2016: $1,098,934Liabilities 2016: $124,401Net Assets 2016: $974,5332016Assets 2017: $1,327,978Liabilities 2017: $230,497Net Assets 2017: $1,097,4812017Assets 2018: $996,570Liabilities 2018: $93,023Net Assets 2018: $903,5472018Assets 2019: $783,038Liabilities 2019: $110,898Net Assets 2019: $672,1402019Assets 2020: $1,856,942Liabilities 2020: $805,617Net Assets 2020: $1,051,3252020Assets 2021: $3,025,069Liabilities 2021: $1,047,573Net Assets 2021: $1,977,4962021Assets 2022: $3,440,830Liabilities 2022: $491,461Net Assets 2022: $2,949,3692022Assets 2023: $6,215,013Liabilities 2023: $3,136,208Net Assets 2023: $3,078,8052023Assets 2024: $7,552,075Liabilities 2024: $4,243,628Net Assets 2024: $3,308,4472024

Highlighted filing

2017

Assets$1,327,978
Liabilities$230,497
Net Assets$1,097,481

Operations Trend

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

$20M$15M$10M$5.0M$0-$5.0MExpenses 2010: $2,385,7312010Expenses 2011: $2,229,3882011Revenue 2012: $2,471,031Expenses 2012: $2,306,742Net Income 2012: $164,2892012Expenses 2013: $2,696,5112013Revenue 2014: $4,862,964Expenses 2014: $4,820,272Net Income 2014: $42,6922014Revenue 2015: $6,893,921Expenses 2015: $6,534,394Net Income 2015: $359,5272015Revenue 2016: $8,263,821Expenses 2016: $8,719,796Net Income 2016: -$455,9752016Revenue 2017: $9,639,824Expenses 2017: $9,544,921Net Income 2017: $94,9032017Revenue 2018: $8,230,976Expenses 2018: $8,424,909Net Income 2018: -$193,9332018Revenue 2019: $8,032,008Expenses 2019: $8,263,415Net Income 2019: -$231,4072019Revenue 2020: $9,140,427Expenses 2020: $8,761,242Net Income 2020: $379,1852020Revenue 2021: $10,364,069Expenses 2021: $9,437,898Net Income 2021: $926,1712021Revenue 2022: $12,117,600Expenses 2022: $11,145,727Net Income 2022: $971,8732022Revenue 2023: $13,683,872Expenses 2023: $13,554,436Net Income 2023: $129,4362023Revenue 2024: $16,414,577Expenses 2024: $16,184,935Net Income 2024: $229,6422024

Highlighted filing

2017

Revenue$9,639,824
Expenses$9,544,921
Net Income$94,903
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
Dec 7, 2017
Return Version
2016v3.1
Gross Receipts
$9,685,470
Mission and Program Overview

Mission

Phoenix academy is a non-profit charter school providing education to children from kindergarten through 12th grade. Its mission is to educate and encourage students to become active, compassionate, lifelong learners who respect others and their differences.

Phoenix academy is a non-profit, charter school providing education to children grades kindergarden through 5th grade.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$560,131$644,818▲ $84,687
Land, Buildings, and Equipment, Net$333,564$431,219▲ $97,655
Pledges and Grants Receivable-$215,962-
Prepaid Expenses and Deferred Charges$191,475$33,644▼ $157,831
Accounts Receivable$13,764$2,335▼ $11,429
Total Assets$1,098,934$1,327,978▲ $229,044
Liabilities
Other Liabilities-$126,385-
Accounts Payable and Accrued Expenses$124,402$104,112▼ $20,290
Total Liabilities$124,402$230,497▲ $106,095
Net Assets / Fund Balance
Unrestricted Net Assets$974,532$1,097,481▲ $122,949
Total Net Assets Fund Balance$974,532$1,097,481▲ $122,949
Total Liabilities and Net Assets / Fund Balance$1,098,934$1,327,978▲ $229,044

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$213,603$611,320$824,923
Leasehold Improvements$128,685$111,712$240,397
Other Land Buildings$88,931$140,645$229,576
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Kimberly NorcrossSuperintendeFT$105,009$2,277$107,286
Jennifer KellyIb PrincipalFT$73,934$603$74,537
Heather McnessPrincipalFT$69,052$638$69,690
Lizette Du PreezIb CoordinatFT$68,510$643$69,153
Travis RoseIb PrincipalFT$55,674$598$56,272

Board Members and Trustees

NameTitle
Perry FlynnChair
Joel PalmaBoard Member
John F PhillipsBoard Member
Kenneth KopfBoard Member
Terry GreenBoard Member
Charles a AltSecretary
Chris SwadenerTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Acadia Northstar LLCBookkeeping5029 FALLS OF NEUSE ROAD SUITE 218, Raleigh, NC 27609$161,897
Unc GreensboroSpeech Services1400 SPRING GARDEN ST, Greensboro, NC 27412$126,265
Revenue and Support

Revenue Composition

Contributions and Grants
$9,407,440
Program Service Revenue
$48,458
Investment Income
$0
Other Revenue
$183,926
All Other Contributions
$1,520
Change in Net Assets
$94,903

Audited Revenue Reconciliation

Revenue per Audited Statements
$9,639,824
Revenue Not Reported on Form 990
$45,646
Total Revenue per Audited Statements
$9,685,470
Total Revenue per Form 990
$9,639,824
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$5,015,299
Salaries, Compensation, and Employee Benefits$4,529,622
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$3,313,665--$3,313,665
Occupancy-$1,403,363-$1,403,363
Other Employee Benefits$543,122--$543,122
Current Officers, Directors, Trustees, and Key Employees$372,179--$372,179
Payroll Taxes$300,656--$300,656
Depreciation Depletion$136,643$38,568-$175,211
Other Expenses$76,082$2,598,121-$76,082
Interest-$11,720-$11,720
Total Functional Expenses$5,493,149$4,051,772$0$9,544,921

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$9,590,567
Expenses per Audited Statements$9,544,921
Total Expenses per Form 990$9,544,921
Expenses Not Reported on Form 990$45,646
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$209,482
Fundraising Direct Expenses$45,646
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Food Events$209,482$209,482$45,646$163,836
Total Events$209,482$209,482$45,646$163,836
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Capital Lease$126,385
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 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
Yes
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, Page 6, Part VI, Line 3

Management duties are delegated to 7 degrees of change foundation.

Form 990, Page 6, Part VI, Line 11B

The board of directors and the principal will review the form 990 before filing.

Form 990, Page 6, Part VI, Line 12C

Each board member is obligated to consider and disclose any private, personal, or business interest that may significantly affect the board members actions on a matter before the board.

Form 990, Page 6, Part VI, Line 15A

Reasonable compensation is determined through comparason of compensation for similar services with other non- profit organizations and through compensation surveys. All compensation must be approved by the board.

Form 990, Page 6, Part VI, Line 15B

Reasonable compensation is determined through comparison of compensation for similar services with other non- profit organizations and through compensation surveys. All compensation must be approved by the board.

Form 990, Page 6, Part VI, Line 19

All information is available on site by request and available through foundational websites or non-profit websites via the internet.

Filing and Contact Details

Filer

Filer Name
Phoenix Academy Inc
EIN
56-2059485
Phone
3368690079
Address
4020 MEETING WAY, HIGH POINT, NC 27265

Signing Officer

Name
Perry Flynn
Title
Chair
Phone
3368690079
Signed
2017-12-07
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Perry Flynn
Formed
1999
Legal Domicile
Nc
Voting Board Members
7
Independent Board Members
7
Employees
122
Volunteers
150

Preparer

Firm
Rives & Associates Llp
Address
4515 FALLS OF NEUSE ROAD SUITE 450, RALEIGH, NC 27609
Preparer
Thomas B Cornwell CPA
Phone
3362488281
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 9

Fundraising 45,646 fundraising -45,646

Financial Statement Notes

Schedule D, Page 4, Part XI, Line 2D

FUNDRAISING 45,646

Schedule D, Page 4, Part XII, Line 2D

FUNDRAISING 45,646

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IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt0163836
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt0163836
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/ManagementAndGeneralAmt01403363
IRS990/OccupancyGrp/TotalAmt01403363
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0543122
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0543122
IRS990/OtherExpensesGrp/Desc0SUPPORT SERVICES
IRS990/OtherExpensesGrp/Desc1INSTRUCTIONAL SVC-OTHER
IRS990/OtherExpensesGrp/Desc2COMMUNITY SERVICES- FOOD
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt02598121
IRS990/OtherExpensesGrp/ProgramServicesAmt0750802
IRS990/OtherExpensesGrp/ProgramServicesAmt176082
IRS990/OtherExpensesGrp/TotalAmt02598121
IRS990/OtherExpensesGrp/TotalAmt1750802
IRS990/OtherExpensesGrp/TotalAmt276082
IRS990/OtherLiabilitiesGrp/EOYAmt0126385
IRS990/OtherRevenueMiscGrp/Desc0MISCELLANEOUS
IRS990/OtherRevenueMiscGrp/Desc1SALES TAX
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt011729
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt18361
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt011729
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt18361
IRS990/OtherRevenueTotalAmt020090
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt03313665
IRS990/OtherSalariesAndWagesGrp/TotalAmt03313665
IRS990/OwnWebsiteInd0X
IRS990/PartialLiquidationInd0false
IRS990/PayrollTaxesGrp/ProgramServicesAmt0300656
IRS990/PayrollTaxesGrp/TotalAmt0300656
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0215962
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0191475
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt033644
IRS990/PrincipalOfficerNm0PERRY FLYNN
IRS990/PriorPeriodAdjustmentsAmt028046
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0FIELD TRIPS
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt048458
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt048458
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt08017496
IRS990/PYExcessBenefitTransInd0false
IRS990/PYOtherExpensesAmt04998785
IRS990/PYOtherRevenueAmt0292184
IRS990/PYProgramServiceRevenueAmt05315
IRS990/PYRevenuesLessExpensesAmt0-455976
IRS990/PYSalariesCompEmpBnftPaidAmt03772186
IRS990/PYTotalExpensesAmt08770971
IRS990/PYTotalRevenueAmt08314995
IRS990/ReconcilationRevenueExpnssAmt094903
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt048458
IRS990ScheduleA/SchoolInd0X
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/EquipmentGrp/BookValueAmt0213603
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0611320
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0824923
IRS990ScheduleD/ExpensesNotReportedAmt045646
IRS990ScheduleD/ExpensesSubtotalAmt09544921
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0128685
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0111712
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0240397
IRS990ScheduleD/OtherExpensesIncludedAmt045646
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt088931
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0140645
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0229576
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0126385
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0CAPITAL LEASE
IRS990ScheduleD/OtherRevenueAmt045646
IRS990ScheduleD/RevenueNotReportedAmt045646
IRS990ScheduleD/RevenueSubtotalAmt09639824
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0FUNDRAISING 45,646
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1FUNDRAISING 45,646
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 4, PART XI, LINE 2D
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE D, PAGE 4, PART XII, LINE 2D
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0431219
IRS990ScheduleD/TotalExpensesPerForm990Amt09544921
IRS990ScheduleD/TotalLiabilityAmt0126385
IRS990ScheduleD/TotalRevenuePerForm990Amt09639824
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt09685470
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt09590567
IRS990ScheduleE/ComplianceWithRevProc7550Ind0true
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd0false
IRS990ScheduleE/DiscriminateRaceAthltProgInd0false
IRS990ScheduleE/DiscriminateRaceEducPlcyInd0false
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd0false
IRS990ScheduleE/DiscriminateRaceOtherActyInd0false
IRS990ScheduleE/DiscriminateRaceSchsInd0false
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd0false
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd0false
IRS990ScheduleE/GovernmentFinancialAidRcvdInd0true
IRS990ScheduleE/GovernmentFinancialAidRvkdInd0false
IRS990ScheduleE/MaintainCpyOfAllSolInd0false
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd0false
IRS990ScheduleE/MaintainRacialCompRecsInd0false
IRS990ScheduleE/MaintainScholarshipsRecsInd0false
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd0false
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd0false
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd0false
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0PHOENIX ACADEMY IS A PUBLIC CHARTER SCHOOL AND IS NOT REQUIRED TO FILE FORM 5578. THEREFORE, SCHEDULE IS NOT APPLICABLE. THE APPLICATION AND ADMISSION PROCESS IS OUTLINED ON THE WWW.PAHP.COM WEBSITE.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1PHOENIX ACADEMY IS A PUBLIC CHARTER SCHOOL AND IS NOT REQUIRED TO FILE FORM 5578. THEREFORE, SCHEDULE E IS NOT APPLICABLE.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt2PHOENIX ACADEMY IS A PUBLIC CHARTER SCHOOL AND IS NOT REQUIRED TO FILE FORM 5578. THEREFORE, SCHEDULE IS IS NOT APPLICABLE.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt3PHOENIX ACADEMY IS ORGANIZED AS A PUBLIC CHARTER SCHOOL UNDER NORTH CAROLINA GENERAL STATUTE 115C-238 29A. ACCORDINGLY, IT RECEIVED BOTH FEDERAL AND STATE FUNDING AS ITS PRIMARY MEANS OF SUPPORT.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, LINE 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE E, LINE 4
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc2SCHEDULE E, LINE 5
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc3SCHEDULE E, LINE 6
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt045646
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0FOOD EVENTS
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt0209482
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt0209482
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt0209482
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt0209482
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt0163836
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt045646
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt045646
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0MANAGEMENT DUTIES ARE DELEGATED TO 7 DEGREES OF CHANGE FOUNDATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE BOARD OF DIRECTORS AND THE PRINCIPAL WILL REVIEW THE FORM 990 BEFORE FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2EACH BOARD MEMBER IS OBLIGATED TO CONSIDER AND DISCLOSE ANY PRIVATE, PERSONAL, OR BUSINESS INTEREST THAT MAY SIGNIFICANTLY AFFECT THE BOARD MEMBERS ACTIONS ON A MATTER BEFORE THE BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3REASONABLE COMPENSATION IS DETERMINED THROUGH COMPARASON OF COMPENSATION FOR SIMILAR SERVICES WITH OTHER NON- PROFIT ORGANIZATIONS AND THROUGH COMPENSATION SURVEYS. ALL COMPENSATION MUST BE APPROVED BY THE BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4REASONABLE COMPENSATION IS DETERMINED THROUGH COMPARISON OF COMPENSATION FOR SIMILAR SERVICES WITH OTHER NON- PROFIT ORGANIZATIONS AND THROUGH COMPENSATION SURVEYS. ALL COMPENSATION MUST BE APPROVED BY THE BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5ALL INFORMATION IS AVAILABLE ON SITE BY REQUEST AND AVAILABLE THROUGH FOUNDATIONAL WEBSITES OR NON-PROFIT WEBSITES VIA THE INTERNET.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6FUNDRAISING 45,646 FUNDRAISING -45,646
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART XI, LINE 9
IRS990ScheduleR/AssetExchangeInd0false
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd0false
IRS990ScheduleR/AssetSaleToOtherOrgInd0false
IRS990ScheduleR/DivRelatedOrganizationInd0false
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd0false
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd1false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd1N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0PHOENIX ACADEMY FOUNDATION INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt17 DEGREES OF CHANGE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0611705253
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501 C3
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt1501C3
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0NC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd1NC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0SUPPORT
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt1MANAGEMENT
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt012A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt1PF
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt04020 MEETING WAY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt11109 FOREST HILL DRIVE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0HIGH POINT
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm1HIGH POINT
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0NC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd1NC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd027265
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd127262
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd0false
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd0true
IRS990ScheduleR/PaidEmployeesSharingInd0false
IRS990ScheduleR/PerformOfServicesByOtherOrgInd0false
IRS990ScheduleR/PerformOfServicesForOthOrgInd0true
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd0false
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd0false
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd0false
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd0true
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd0false
IRS990ScheduleR/SharingOfFacilitiesInd0false

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$7.55$4.24$3.31$16.4$16.2$0.23
2023Detailed filing. Detailed filing data is available for this year.$6.22$3.14$3.08$13.7$13.6$0.13
2022Detailed filing. Detailed filing data is available for this year.$3.44$0.49$2.95$12.1$11.1$0.97
2021Detailed filing. Detailed filing data is available for this year.$3.03$1.05$1.98$10.4$9.44$0.93
2020Detailed filing. Detailed filing data is available for this year.$1.86$0.81$1.05$9.14$8.76$0.38
2019Detailed filing. Detailed filing data is available for this year.$0.78$0.11$0.67$8.03$8.26$0.23
2018Detailed filing. Detailed filing data is available for this year.$1.00$0.09$0.90$8.23$8.42$0.19
2017Detailed filing. Detailed filing data is available for this year.$1.33$0.23$1.10$9.64$9.54$0.09
2016Detailed filing. Detailed filing data is available for this year.$1.10$0.12$0.97$8.26$8.72$0.46
2015Detailed filing. Detailed filing data is available for this year.$1.55$0.12$1.43$6.89$6.53$0.36
2014Detailed filing. Detailed filing data is available for this year.$1.30$0.13$1.17$4.86$4.82$0.04
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.17$0.04$1.13$2.70
2012Summary only. Only limited summary data is available for this year.$1.53$0.07$1.46$2.47$2.31$0.16
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.30$0.00$1.29$2.23
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.26$0.00$1.25$2.39