Civic Intelligence

Phoenix Academy Inc.

990 • Fiscal year 2018 • EIN 56-2059485

Jul 01, 2017 to Jun 30, 2018 • Filed on Apr 29, 2019

Organization ProfileWWW.PAHP.COM
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

41st percentile

0.09x

Higher debt load relative to assets than 41% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2018

Liabilities / Revenue

12th percentile

0.01x

Higher debt load relative to revenue than 12% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2018

Net Margin

30th percentile

-2.4%

Higher net margin than 30% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2018

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2018

Asset Growth

3rd percentile

-25%

Faster asset growth than 3% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2017 to 2018

Revenue Growth

16th percentile

-15%

Faster revenue growth than 16% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets41st percentile

Assets

Down

$996,570

Down $331,408 (-25%) from 2017

Net Assets

Down

$903,547

Down $193,934 (-18%) from 2017

Liabilities

Down

$93,023

Down $137,474 (-60%) from 2017

Revenue And Expenses
Liabilities / Revenue12th percentileNet Margin30th percentile

Revenue

Down

$8,230,976

Down $1,408,848 (-15%) from 2017

Expenses

Down

$8,424,909

Down $1,120,012 (-12%) from 2017

Net Income

Down

-$193,933

Down $288,836 (-304%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth3rd percentile

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

2018

Assets$996,570
Liabilities$93,023
Net Assets$903,547
Open 2018 Filing

Operations Trend

Revenue Growth16th percentile

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

2018

Revenue$8,230,976
Expenses$8,424,909
Net Income-$193,933
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
Apr 29, 2019
Return Version
2017v2.3
Gross Receipts
$8,278,200
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$644,818$500,035▼ $144,783
Land, Buildings, and Equipment, Net$431,219$292,737▼ $138,482
Prepaid Expenses and Deferred Charges$33,644$182,687▲ $149,043
Pledges and Grants Receivable$215,962$18,776▼ $197,186
Accounts Receivable$2,335$2,335→ $0
Total Assets$1,327,978$996,570▼ $331,408
Liabilities
Accounts Payable and Accrued Expenses$104,113$47,148▼ $56,965
Other Liabilities$126,385$45,875▼ $80,510
Total Liabilities$230,498$93,023▼ $137,475
Net Assets / Fund Balance
Unrestricted Net Assets$1,097,480$903,547▼ $193,933
Total Net Assets Fund Balance$1,097,480$903,547▼ $193,933
Total Liabilities and Net Assets / Fund Balance$1,327,978$996,570▼ $331,408

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$139,576$721,525$861,101
Leasehold Improvements$106,668$134,032$240,700
Other Land Buildings$46,493$183,082$229,575
Compensation and Service Providers
Top Officer PayScore unavailable

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
Revenue and Support

Revenue Composition

Contributions and Grants
$7,985,749
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$245,227
All Other Contributions
$355
Change in Net Assets
$-193,933

Audited Revenue Reconciliation

Revenue per Audited Statements
$8,230,976
Total Revenue per Audited Statements
$8,230,976
Total Revenue per Form 990
$8,230,976
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$4,777,854
Salaries, Compensation, and Employee Benefits$3,647,055
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$2,927,739--$2,927,739
Fees for Services Other$315,642$1,800,135-$2,115,777
Occupancy$31,456$2,054,164-$2,085,620
Other Employee Benefits$495,388--$495,388
Payroll Taxes$223,928--$223,928
Depreciation Depletion$135,375$37,738-$173,113
Information Technology$68,917$9,120-$78,037
Office Expenses$45,110$4,461-$49,571
Insurance-$32,658-$32,658
All Other Expenses$27,040$4,548-$31,588
Other Expenses$17,926$1,314-$19,240
Fees for Services Accounting-$9,618-$9,618
Fees for Services Legal-$9,000-$9,000
Advertising-$4,697-$4,697
Total Functional Expenses$4,431,309$3,993,600$0$8,424,909

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$8,424,909
Total Expenses per Audited Statements$8,424,909
Total Expenses per Form 990$8,424,909
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$216,264
Fundraising Direct Expenses$47,224
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Food Events$216,264$216,264$47,224$169,040
Total Events$216,264$216,264$47,224$169,040
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$45,875
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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
2019-04-29
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
133

Preparer

Firm
Rives & Associates Llp
Address
212 W CENTER ST, LEXINGTON, NC 27292-3012
Preparer
W Leon Rives
Phone
3362488281
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

“Other contracted services 150,328 1,800,135 0 speech therapist 128,689 0 0 psychological services 36,625 0 0 total 315,642 1,800,135 0”

Form 990, Part XI, Line 9

“FUNDRAISING 0”

Financial Statement Notes

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

“FUNDRAISING 0”

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IRS990/PYRevenuesLessExpensesAmt094902
IRS990/PYSalariesCompEmpBnftPaidAmt04529623
IRS990/PYTotalExpensesAmt09544922
IRS990/PYTotalRevenueAmt09639824
IRS990/ReconcilationRevenueExpnssAmt0-193933
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990ScheduleA/SchoolInd0X
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/EquipmentGrp/BookValueAmt0139576
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0721525
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0861101
IRS990ScheduleD/ExpensesSubtotalAmt08424909
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0106668
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0134032
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0240700
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt046493
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0183082
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0229575
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt045875
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0CAPITAL LEASE
IRS990ScheduleD/RevenueSubtotalAmt08230976
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0FUNDRAISING 0
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 4, PART XI, LINE 2D
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0292737
IRS990ScheduleD/TotalExpensesPerForm990Amt08424909
IRS990ScheduleD/TotalLiabilityAmt045875
IRS990ScheduleD/TotalRevenuePerForm990Amt08230976
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt08230976
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt08424909
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/DirectExpenseSummaryEventsAmt047224
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0FOOD EVENTS
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt0216264
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt0216264
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt0216264
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt0216264
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt0169040
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt047224
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt047224
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/ExplanationTxt6OTHER CONTRACTED SERVICES 150,328 1,800,135 0 SPEECH THERAPIST 128,689 0 0 PSYCHOLOGICAL SERVICES 36,625 0 0 TOTAL 315,642 1,800,135 0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7FUNDRAISING 0
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 IX, LINE 11G
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 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
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt01777641
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt11320219
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0LEASE AGREEMENT
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt1PERCENTAGE OF GROSS
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0PHOENIX ACADEMY FOUNDATION INC
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt17 DEGREES OF CHANGE FOUNDATION
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt0K
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt1M
IRS990ScheduleR/TransferFromOtherOrgInd0false
IRS990ScheduleR/TransferToOtherOrgInd0false
IRS990/SchoolOperatingInd0true
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt01327978
IRS990/TotalAssetsEOYAmt0996570
IRS990/TotalAssetsGrp/BOYAmt01327978
IRS990/TotalAssetsGrp/EOYAmt0996570
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt07985749
IRS990/TotalEmployeeCnt0133
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt03993600
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt04431309
IRS990/TotalFunctionalExpensesGrp/TotalAmt08424909
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0230498
IRS990/TotalLiabilitiesEOYAmt093023
IRS990/TotalLiabilitiesGrp/BOYAmt0230498
IRS990/TotalLiabilitiesGrp/EOYAmt093023
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01097480

Document Assets

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Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$996,570
Liabilities
$93,023
Net assets
$903,547
Revenue
$8,230,976
Expenses
$8,424,909
Net income
-$193,933
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