Civic Intelligence

Phoenix Academy Inc.

990 • Fiscal year 2022 • EIN 56-2059485

Jul 01, 2021 to Jun 30, 2022 • Filed on May 15, 2023

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

34th percentile

0.14x

Higher debt load relative to assets than 34% of similar nonprofits.

2022 filings • NTEE B • $10M-$25M nonprofits • Source year 2022

Liabilities / Revenue

17th percentile

0.04x

Higher debt load relative to revenue than 17% of similar nonprofits.

2022 filings • NTEE B • $10M-$25M nonprofits • Source year 2022

Net Margin

51st percentile

8.0%

Higher net margin than 51% of similar nonprofits.

2022 filings • NTEE B • $10M-$25M nonprofits • Source year 2022

Top Officer Pay

24th percentile

$0

Higher top officer pay than 24% of similar nonprofits.

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

2022 filings • NTEE B • $10M-$25M nonprofits • Source year 2022

Asset Growth

71st percentile

14%

Faster asset growth than 71% of similar nonprofits.

2022 filings • NTEE B • $10M-$25M nonprofits • Annualized from 2021 to 2022

Revenue Growth

62nd percentile

17%

Faster revenue growth than 62% of similar nonprofits.

2022 filings • NTEE B • $10M-$25M nonprofits • Annualized from 2021 to 2022

Assets

Up

$3,440,830

Up $415,761 (+14%) from 2021

Net Assets

Up

$2,949,369

Up $971,873 (+49%) from 2021

Liabilities

Down

$491,461

Down $556,112 (-53%) from 2021

Revenue

Up

$12,117,600

Up $1,753,531 (+17%) from 2021

Expenses

Up

$11,145,727

Up $1,707,829 (+18%) from 2021

Net Income

Up

$971,873

Up $45,702 (+4.9%) from 2021

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

2022

Assets$3,440,830
Liabilities$491,461
Net Assets$2,949,369

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

2022

Revenue$12,117,600
Expenses$11,145,727
Net Income$971,873
Jump To
Filing Snapshot
Filing Period
Jul 1, 2021 to Jun 30, 2022
Signed
May 15, 2023
Return Version
2021v4.0
Gross Receipts
$12,168,791
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$2,588,611$2,607,824▲ $19,213
Land, Buildings, and Equipment, Net$287,008$524,107▲ $237,099
Pledges and Grants Receivable$132,883$277,228▲ $144,345
Prepaid Expenses and Deferred Charges$16,548$31,006▲ $14,458
Accounts Receivable$19$665▲ $646
Total Assets$3,025,069$3,440,830▲ $415,761
Liabilities
Accounts Payable and Accrued Expenses$319,771$467,888▲ $148,117
Other Liabilities$727,802$23,573▼ $704,229
Total Liabilities$1,047,573$491,461▼ $556,112
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,797,481$2,949,369▲ $1,151,888
Net Assets With Donor Restrictions$180,015--
Total Net Assets Fund Balance$1,977,496$2,949,369▲ $971,873
Total Liabilities and Net Assets / Fund Balance$3,025,069$3,440,830▲ $415,761

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$-298,548$1,425,044$1,126,496
Land$292,585-$292,585
Other Land Buildings$269,684$9,256$278,940
Leasehold Improvements$260,386-$260,386
Compensation and Service Providers

Board Members and Trustees

NameTitle
Perry FlynnChairman
Clarence HendersonBoard Member
Melissa BlakelyBoard Member
Charles a AltSecretary
Christopher SwadenerTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$11,914,825
Program Service Revenue
$80,421
Investment Income
$0
Other Revenue
$122,354
All Other Contributions
$84,549
Change in Net Assets
$971,873

Audited Revenue Reconciliation

Revenue per Audited Statements
$12,117,600
Total Revenue per Audited Statements
$12,117,600
Total Revenue per Form 990
$12,117,600
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$6,174,497
Salaries, Compensation, and Employee Benefits$4,971,230
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,916,753$1,994,987-$3,911,740
Fees for Services Management$995,523$1,036,156-$2,031,679
Fees for Services Other$475,859$495,282-$971,141
Other Employee Benefits$380,684$396,223-$776,907
Depreciation Depletion$382,395$312,868-$695,263
Payroll Taxes$138,466$144,117-$282,583
Occupancy$86,453$89,981-$176,434
Information Technology$54,210$56,422-$110,632
Other Expenses$30,488$31,733-$62,221
Fees for Services Legal$28,616$29,785-$58,401
Insurance$20,924$21,778-$42,702
Advertising$7,199$7,492-$14,691
Fees for Services Accounting$6,370$6,630-$13,000
All Other Expenses$5,645$5,877-$11,522
Conferences and Meetings$5,243$5,458-$10,701
Office Expenses$1,522$1,585-$3,107
Travel$855--$855
Total Functional Expenses$6,346,005$4,799,722$0$11,145,727

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$11,145,727
Total Expenses per Audited Statements$11,145,727
Total Expenses per Form 990$11,145,727
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$53,617
Fundraising Direct Expenses$51,191
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Book Fair$20,181$20,181$20,208$-27
Cookie Dough Fu$15,460$15,460$4,960$10,500
Total Events$53,617$53,617$51,191$2,426
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Long Term$23,573
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
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
Chairman
Phone
3368690079
Signed
2023-05-15

Organization Details

Principal Officer
Perry Flynn
Formed
1999
Legal Domicile
Nc
Voting Board Members
5
Independent Board Members
5
Employees
98

Preparer

Firm
Sharpe Patel CPA
Address
325 ARLINGTON AVE STE 630, CHARLOTTE, NC 28203
Preparer
Megan Rushford CPA
Phone
7044993893
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

Phoenix academy is a non-profit, charter school providing education to children grades kindergarden through 5th grade. Its mission is to educate and encourage students to become active, compassionate, lifelong learners who respect others and their differences.

Form 990, Page 2, Part III, Line 4D

The phoenix academy, north carolina is a public school operated by a non- profit corporation, serving approximately 975 students.

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IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt01994987
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt01916753
IRS990/OtherSalariesAndWagesGrp/TotalAmt03911740
IRS990/OwnWebsiteInd0X
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt0144117
IRS990/PayrollTaxesGrp/ProgramServicesAmt0138466
IRS990/PayrollTaxesGrp/TotalAmt0282583
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0132883
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0277228
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt016548
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt031006
IRS990/PrincipalOfficerNm0PERRY FLYNN
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0STUDENT ACTIVITIES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt080421
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt080421
IRS990/ProgSrvcAccomActyOtherGrp/Desc0THE PHOENIX ACADEMY, NORTH CAROLINA IS A PUBLIC SCHOOL OPERATED BY A NON- PROFIT CORPORATION, SERVING APPROXIMATELY 975 STUDENTS.
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt010222856
IRS990/PYExcessBenefitTransInd0false
IRS990/PYOtherExpensesAmt05979202
IRS990/PYOtherRevenueAmt0140630
IRS990/PYProgramServiceRevenueAmt0583
IRS990/PYRevenuesLessExpensesAmt0926171
IRS990/PYSalariesCompEmpBnftPaidAmt03458696
IRS990/PYTotalExpensesAmt09437898
IRS990/PYTotalRevenueAmt010364069
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0971873
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt080421
IRS990ScheduleA/SchoolInd0X
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/EquipmentGrp/BookValueAmt0-298548
IRS990ScheduleD/EquipmentGrp/DepreciationAmt01425044
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt01126496
IRS990ScheduleD/ExpensesSubtotalAmt011145727
IRS990ScheduleD/LandGrp/BookValueAmt0292585
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0292585
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0260386
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0260386
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0269684
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt09256
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0278940
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt023573
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0LONG TERM
IRS990ScheduleD/RevenueSubtotalAmt012117600
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0524107
IRS990ScheduleD/TotalExpensesPerForm990Amt011145727
IRS990ScheduleD/TotalLiabilityAmt023573
IRS990ScheduleD/TotalRevenuePerForm990Amt012117600
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt012117600
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt011145727
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/NondiscriminatoryPolicyStmtInd0true
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd0true
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd0true
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0THE FOLLOWING POLICY IS LISTED ON THE SCHOOL'S WEBSITE. PHOENIX ACADEMY DOES NOT DISCRIMINATE AGAINST ANYONE ON THE BASIS OF ETHNICITY, DISABILITY, RELIGIOUS AFFILIATION, NATIONAL ORIGIN, OR GENDER.
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 ORGANIZED AS A PUBLIC CHARTER SCHOOL UNDER NORTH CAROLINA GENERAL STATUTE 115-C-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 6
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt051191
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0BOOK FAIR
IRS990ScheduleG/FundraisingEventInformationGrp/Event2Nm0COOKIE DOUGH FU
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt020181
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent2Amt015460
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsOtherEventsAmt017976
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt053617
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt020181
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent2Amt015460
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueOtherEventsAmt017976
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt053617
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt02426
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssOtherEventsAmt026023
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt051191
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt020208
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent2Amt04960
IRS990ScheduleG/FundraisingEventInformationGrp/OtherEventsTotalCnt02
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0PHOENIX ACADEMY IS A NON-PROFIT, CHARTER SCHOOL PROVIDING EDUCATION TO CHILDREN GRADES KINDERGARDEN THROUGH 5TH GRADE. ITS MISSION IS TO EDUCATE AND ENCOURAGE STUDENTS TO BECOME ACTIVE, COMPASSIONATE, LIFELONG LEARNERS WHO RESPECT OTHERS AND THEIR DIFFERENCES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE PHOENIX ACADEMY, NORTH CAROLINA IS A PUBLIC SCHOOL OPERATED BY A NON- PROFIT CORPORATION, SERVING APPROXIMATELY 975 STUDENTS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2MANAGEMENT DUTIES ARE DELEGATED TO 7 DEGREES OF CHANGE FOUNDATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE BOARD OF DIRECTORS AND THE PRINCIPAL WILL REVIEW THE FORM 990 BEFORE FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4EACH 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/ExplanationTxt5REASONABLE 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/ExplanationTxt6REASONABLE 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/ExplanationTxt7ALL INFORMATION IS AVAILABLE ON SITE BY REQUEST AND AVAILABLE THROUGH FOUNDATIONAL WEBSITES OR NON-PROFIT WEBSITES VIA THE INTERNET.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 2, PART III, LINE 4D
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleR/AssetExchangeInd0false
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd0false
IRS990ScheduleR/AssetSaleToOtherOrgInd0false
IRS990ScheduleR/DivRelatedOrganizationInd0false
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd0false
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd1false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt0NA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt1NA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0PHOENIX ACADEMY FOUNDATION INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt17 DEGREES OF CHANGE FOUNDATION
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0611705253
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN1270248502
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501 C3
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt1501 C3
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/AddressLine1Txt11912 EASTCHESTER DRIVE STE 400
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/LoansOrGuaranteesToOtherOrgInd0false
IRS990ScheduleR/PaidEmployeesSharingInd0false
IRS990ScheduleR/PerformOfServicesByOtherOrgInd0false
IRS990ScheduleR/PerformOfServicesForOthOrgInd0false
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd0false
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd0false
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd0false
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd0false
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd0false
IRS990ScheduleR/SharingOfFacilitiesInd0false
IRS990ScheduleR/TransferFromOtherOrgInd0false
IRS990ScheduleR/TransferToOtherOrgInd0false

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