Civic Intelligence

Phoenix Charter School

EIN 75-2113095 • 501(c)3 • Greenville, TX

Profile

The mission of the phoenix charter school is a creative educational experience that integrates fine arts into a strong traditional curriculum, embracing students, faculty, parents, professional artists, and community partners in building a society of life-long learners.

PO Box 8901Greenville, TX 75404-8901

www.phoenixschool.net

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

71st percentile

0.35x

Higher debt load relative to assets than 71% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2015

Liabilities / Revenue

47th percentile

0.14x

Higher debt load relative to revenue than 47% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2015

Net Margin

52nd percentile

5.5%

Higher net margin than 52% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2015

Top Officer Pay

37th percentile

$98,968

Higher top officer pay than 37% of similar nonprofits.

Top officer pay equals 1.7% of source-year revenue.

501(c)3 • $5M-$10M nonprofits • Source year 2015

Asset Growth

3rd percentile

-48%

Faster asset growth than 3% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Annualized from 2014 to 2015

Revenue Growth

37th percentile

0.7%

Faster revenue growth than 37% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Annualized from 2014 to 2015

Balance Sheet
Liabilities / Assets71st percentile

Assets

Down

$2,204,279

Down $2,001,333 (-48%) from 2014

Liabilities

Down

$770,806

Down $2,314,262 (-75%) from 2014

Net Assets

Up

$1,433,473

Up $312,929 (+28%) from 2014

Operations
Liabilities / Revenue47th percentileNet Margin52nd percentile

Revenue

Up

$5,675,919

Up $39,965 (+0.7%) from 2014

Expenses

Up

$5,362,990

Up $461,505 (+9.4%) from 2014

Net Income

Down

$312,929

Down $421,540 (-57%) from 2014

Trend Graphs

Balance Sheet Trend

Asset Growth3rd percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$6.0M$4.0M$2.0M$0Assets 2011: $3,092,838Liabilities 2011: $2,875,332Net Assets 2011: $217,5062011Assets 2012: $2,920,141Liabilities 2012: $2,733,758Net Assets 2012: $186,3832012Assets 2013: $3,097,095Liabilities 2013: $2,711,020Net Assets 2013: $386,0752013Assets 2014: $4,205,612Liabilities 2014: $3,085,068Net Assets 2014: $1,120,5442014Assets 2015: $2,204,279Liabilities 2015: $770,806Net Assets 2015: $1,433,4732015

Highlighted filing

2015

Assets$2,204,279
Liabilities$770,806
Net Assets$1,433,473
Open 2015 Filing

Operations Trend

Revenue Growth37th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$6.0M$4.0M$2.0M$0-$2.0MRevenue 2011: $4,812,133Expenses 2011: $4,972,483Net Income 2011: -$160,3502011Revenue 2012: $4,864,035Expenses 2012: $4,895,158Net Income 2012: -$31,1232012Revenue 2013: $5,140,476Expenses 2013: $4,940,784Net Income 2013: $199,6922013Revenue 2014: $5,635,954Expenses 2014: $4,901,485Net Income 2014: $734,4692014Revenue 2015: $5,675,919Expenses 2015: $5,362,990Net Income 2015: $312,9292015

Highlighted filing

2015

Revenue$5,675,919
Expenses$5,362,990
Net Income$312,929
Open 2015 Filing

Filings

Most recent year

2015 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$2,204,279
Liabilities
$770,806
Net assets
$1,433,473
Revenue
$5,675,919
Expenses
$5,362,990
Net income
$312,929
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2015Detailed filing. Detailed filing data is available for this year.$2.20$0.77$1.43$5.68$5.36$0.31
2014Detailed filing. Detailed filing data is available for this year.$4.21$3.09$1.12$5.64$4.90$0.73
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.10$2.71$0.39$5.14$4.94$0.20
2012Summary only. Only limited summary data is available for this year.$2.92$2.73$0.19$4.86$4.90$0.03
2011Summary only. Only limited summary data is available for this year.$3.09$2.88$0.22$4.81$4.97$0.16
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Sep 1, 2014 to Aug 31, 2015
Signed
Jul 14, 2016
Return Version
2014v6.0
Gross Receipts
$8,350,048
Mission and Program Overview

Mission

The mission of the phoenix charter school is a creative educational experience that integrates fine arts into a strong traditional curriculum, embracing students, faculty, parents, professional artists, and community partners in building a society of life-long learners.

See schedule o the phoenix charter school is a creative educational experience that integrates fine arts into a strong traditional curriculum, embracing students, faculty, parents, professional artists, and community partners in building a society of life-long learners.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$3,139,745$739,436▼ $2,400,309
Savings and Temporary Cash Investments$816,322$730,602▼ $85,720
Pledges and Grants Receivable$234,155$724,308▲ $490,153
Accounts Receivable$9,587$9,587→ $0
Prepaid Expenses and Deferred Charges$3,878--
Cash and Non-Interest-Bearing Accounts$1,725$346▼ $1,379
Total Assets$4,205,612$2,204,279▼ $2,001,333
Other Assets Total$200$0▼ $200
Liabilities
Mortgage Notes Payable Secured by Investment Property$2,798,854$721,693▼ $2,077,161
Accounts Payable and Accrued Expenses$286,214$49,113▼ $237,101
Total Liabilities$3,085,068$770,806▼ $2,314,262
Net Assets / Fund Balance
Temporarily Rstr Net Assets$506,925$1,238,569▲ $731,644
Unrestricted Net Assets$613,619$194,904▼ $418,715
Total Net Assets Fund Balance$1,120,544$1,433,473▲ $312,929
Total Liabilities and Net Assets / Fund Balance$4,205,612$2,204,279▼ $2,001,333

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$649,667$186,034$835,701
Land$89,769-$89,769
Compensation and Service Providers
Top Officer Pay37th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Lula TurnipseedExecutive Director, SuperiFT$91,547$7,421$98,968
Theresa AughtryAccountantFT$44,426$5,867$50,293

Board Members and Trustees

NameTitle
Maxine ThomasPresident and Director
Demetrous NixonDirector
James OtisDirector
Tricia HenryDirector
Susan WilsonSecretary and Director
Teresa PrestienVice-pres and Director

Highest Paid Contractors

ContractorServicesLocationCompensation
Hardi TechIt Services4000 WESLEY ST STE B, Greenville, TX 75401$163,078
Revenue and Support

Revenue Composition

Contributions and Grants
$6,083,171
Program Service Revenue
$172,801
Investment Income
$-620,366
Other Revenue
$40,313
All Other Contributions
$6,673
Change in Net Assets
$312,929

Audited Revenue Reconciliation

Revenue per Audited Statements
$5,675,919
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$5,675,919
Total Revenue per Form 990
$5,675,919
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$3,488,429
Other Expenses$1,874,561
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$2,932,216$138,693-$3,070,909
Fees for Services Legal-$281,181-$281,181
Occupancy$249,190$17,283-$266,473
Fees for Services Other$189,046$30,784-$219,830
Interest$172,360--$172,360
Other Employee Benefits$113,981$39,253-$153,234
Depreciation Depletion$146,822--$146,822
Current Officers, Directors, Trustees, and Key Employees-$135,973-$135,973
All Other Expenses$77,138$15,856-$92,994
Pension Plan Contributions$75,545$5,744-$81,289
Travel$34,601$20,691-$55,292
Other Expenses$53,420$12,131-$53,420
Payroll Taxes$43,032$3,992-$47,024
Insurance$31,707--$31,707
Fees for Services Accounting-$21,923-$21,923
Total Functional Expenses$4,639,486$723,504$0$5,362,990

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$5,362,990
Total Expenses per Audited Statements$5,362,990
Total Expenses per Form 990$5,362,990
Expenses Not Reported on Financial Statements$0
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
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Atlin R OtisDaughter-in-law of Board Director, James Otis2014 W-2 WagesNo$37,346
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
Yes
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
No

Governance Explanations

Form 990, Part VI, Section B, Line 11

“Form 990 is prepared by outside accountants and reviewed by management. Management provides form 990 to the board of trustees who review then approve the report. The report is then signed by the superintendent.”

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

“The policy is annually reviewed in the governance forms which are submitted to the state of texas.”

Form 990, Part VI, Section B, Line 15

“Management compensation is determined and voted by the independent board of trustees. The management comprising the principal and superintendents of the school abstain from voting. The above actions of the board are memorialized in the minutes.”

Form 990, Part VI, Section C, Line 19

“All policies and financial statements are provided to the texas education agency. The texas education agency posts an electronic copy of the audited financial statements on its website for public review.”

Filing and Contact Details

Filer

Filer Name
Phoenix Charter School
EIN
75-2113095
Phone
9727933231
Address
PO BOX 8901, GREENVILLE, TX 75404-8901
Doing Business As
Phoenix Charter School

Signing Officer

Name
Maxine Thomas
Title
President
Phone
9727933231
Signed
2016-07-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Maxine Thomas
Formed
1986
Legal Domicile
TX
Voting Board Members
6
Independent Board Members
5
Employees
156
Volunteers
10

Preparer

Firm
Judd Thomas Smith & Co Pc
Address
12222 MERIT DR SUITE 1900, DALLAS, TX 75251
Preparer
William H Mozley
Phone
9726615872
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 3

“Phoenix charter school closed and ceased operations as of august 31, 2015. It is the intent of the board of directors that the school will reopen at a future date.”

Form 990, Part XII, Line 2C

“The texas education agency (tea) did not renew the charter and phoenix charter school is no longer operating as a charter school. Management has engaged independent public accountants to audit the financial statements for the period ended august 31, 2015. The audit is not yet complete. The independent trustees of the board assume responsibility for oversight of the audit and its financial statements and selection of an independent accountant.”

Form 990, Part IV, Line 32

“The texas education agency (tea) did not renew the charter and phoenix charter school is no longer operating as a charter school. Management has engaged independent public accountants to audit the financial statements for the period ended august 31, 2015. The audit is not yet complete.”

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IRS990/OtherAssetsTotalGrp/BOYAmt0200
IRS990/OtherAssetsTotalGrp/EOYAmt00
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt039253
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0113981
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0153234
IRS990/OtherExpensesGrp/Desc0GENERAL SUPPLIES
IRS990/OtherExpensesGrp/Desc1FOOD/FOOD SERVICES EXP
IRS990/OtherExpensesGrp/Desc2TELEPHONE
IRS990/OtherExpensesGrp/Desc3REPAIRS AND MAINTENANCE
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt012131
IRS990/OtherExpensesGrp/ProgramServicesAmt0254275
IRS990/OtherExpensesGrp/ProgramServicesAmt1168957
IRS990/OtherExpensesGrp/ProgramServicesAmt297196
IRS990/OtherExpensesGrp/ProgramServicesAmt353420
IRS990/OtherExpensesGrp/TotalAmt0266406
IRS990/OtherExpensesGrp/TotalAmt1168957
IRS990/OtherExpensesGrp/TotalAmt297196
IRS990/OtherExpensesGrp/TotalAmt353420
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0OTHER
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt040313
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt040313
IRS990/OtherRevenueTotalAmt040313
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0138693
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt02932216
IRS990/OtherSalariesAndWagesGrp/TotalAmt03070909
IRS990/PartialLiquidationInd01
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt03992
IRS990/PayrollTaxesGrp/ProgramServicesAmt043032
IRS990/PayrollTaxesGrp/TotalAmt047024
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt05744
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt075545
IRS990/PensionPlanContributionsGrp/TotalAmt081289
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0234155
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0724308
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt03878
IRS990/PrincipalOfficerNm0MAXINE THOMAS
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/BusinessCd1900099
IRS990/ProgramServiceRevenueGrp/Desc0TUITION AND FEES
IRS990/ProgramServiceRevenueGrp/Desc1FOOD SERVICE REVENUE
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0129456
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt143345
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0129456
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt143345
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt05383670
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0436
IRS990/PYOtherExpensesAmt01394167
IRS990/PYOtherRevenueAmt021994
IRS990/PYProgramServiceRevenueAmt0229854
IRS990/PYRevenuesLessExpensesAmt0734469
IRS990/PYSalariesCompEmpBnftPaidAmt03507318
IRS990/PYTotalExpensesAmt04901485
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt05635954
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0312929
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0213114
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0816322
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0730602
IRS990ScheduleA/SchoolInd0X
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt0649667
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0186034
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0835701
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt05362990
IRS990ScheduleD/LandGrp/BookValueAmt089769
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt089769
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt05675919
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0739436
IRS990ScheduleD/TotalExpensesPerForm990Amt05362990
IRS990ScheduleD/TotalRevenuePerForm990Amt05675919
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt05675919
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt05362990
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/MaintainScholarshipsRecsInd01
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd01
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd01
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd01
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0INCLUDED IN THE STUDENT HANDBOOK.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1THE SCHOOL RECEIVES A SIGNIFICANT AMOUNT OF FUNDING FROM THE TEXAS EDUCATION AGENCY WHICH INCLUDE STATE AND FEDERAL SOURCED FUNDS.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, PART I, LINE 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE E, PART I, LINE 6
IRS990/ScheduleJRequiredInd00
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm0ATLIN R OTIS
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0DAUGHTER-IN-LAW OF BOARD DIRECTOR, JAMES OTIS
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd00
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd10
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt037346
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc02014 W-2 WAGES
IRS990ScheduleN/DirectorOfSuccessor2Ind00
IRS990ScheduleN/DispositionOfAssetsDetail/AssetsDistriOrExpnssPaidDesc0SALE OF FIXED ASSETS INCLUDING LAND, BUILDING AND EQUIPMENT
IRS990ScheduleN/DispositionOfAssetsDetail/BusinessName/BusinessNameLine1Txt0MEADOW OAKS EDUCATION FOUNDATION
IRS990ScheduleN/DispositionOfAssetsDetail/DistributionDt02015-08-29
IRS990ScheduleN/DispositionOfAssetsDetail/EIN0465137310
IRS990ScheduleN/DispositionOfAssetsDetail/FairMarketValueOfAssetAmt02053188
IRS990ScheduleN/DispositionOfAssetsDetail/IRCSectionTxt0501(C)(3)
IRS990ScheduleN/DispositionOfAssetsDetail/MethodOfFMVDeterminationTxt0ARMS LENGTH SALES PRICE
IRS990ScheduleN/DispositionOfAssetsDetail/USAddress/AddressLine1Txt01412 S BELT LINE RD
IRS990ScheduleN/DispositionOfAssetsDetail/USAddress/CityNm0MESQUITE
IRS990ScheduleN/DispositionOfAssetsDetail/USAddress/StateAbbreviationCd0TX
IRS990ScheduleN/DispositionOfAssetsDetail/USAddress/ZIPCd075149
IRS990ScheduleN/EmployeeOfSuccessor2Ind00
IRS990ScheduleN/OwnerOfSuccessor2Ind00
IRS990ScheduleN/ReceiveCompensation2Ind00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0PHOENIX CHARTER SCHOOL CLOSED AND CEASED OPERATIONS AS OF AUGUST 31, 2015. IT IS THE INTENT OF THE BOARD OF DIRECTORS THAT THE SCHOOL WILL REOPEN AT A FUTURE DATE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1FORM 990 IS PREPARED BY OUTSIDE ACCOUNTANTS AND REVIEWED BY MANAGEMENT. MANAGEMENT PROVIDES FORM 990 TO THE BOARD OF TRUSTEES WHO REVIEW THEN APPROVE THE REPORT. THE REPORT IS THEN SIGNED BY THE SUPERINTENDENT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE POLICY IS ANNUALLY REVIEWED IN THE GOVERNANCE FORMS WHICH ARE SUBMITTED TO THE STATE OF TEXAS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3MANAGEMENT COMPENSATION IS DETERMINED AND VOTED BY THE INDEPENDENT BOARD OF TRUSTEES. THE MANAGEMENT COMPRISING THE PRINCIPAL AND SUPERINTENDENTS OF THE SCHOOL ABSTAIN FROM VOTING. THE ABOVE ACTIONS OF THE BOARD ARE MEMORIALIZED IN THE MINUTES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4ALL POLICIES AND FINANCIAL STATEMENTS ARE PROVIDED TO THE TEXAS EDUCATION AGENCY. THE TEXAS EDUCATION AGENCY POSTS AN ELECTRONIC COPY OF THE AUDITED FINANCIAL STATEMENTS ON ITS WEBSITE FOR PUBLIC REVIEW.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE TEXAS EDUCATION AGENCY (TEA) DID NOT RENEW THE CHARTER AND PHOENIX CHARTER SCHOOL IS NO LONGER OPERATING AS A CHARTER SCHOOL. MANAGEMENT HAS ENGAGED INDEPENDENT PUBLIC ACCOUNTANTS TO AUDIT THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED AUGUST 31, 2015. THE AUDIT IS NOT YET COMPLETE. THE INDEPENDENT TRUSTEES OF THE BOARD ASSUME RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT AND ITS FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT ACCOUNTANT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THE TEXAS EDUCATION AGENCY (TEA) DID NOT RENEW THE CHARTER AND PHOENIX CHARTER SCHOOL IS NO LONGER OPERATING AS A CHARTER SCHOOL. MANAGEMENT HAS ENGAGED INDEPENDENT PUBLIC ACCOUNTANTS TO AUDIT THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED AUGUST 31, 2015. THE AUDIT IS NOT YET COMPLETE.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART III, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART XII, LINE 2C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART IV, LINE 32
IRS990/SchoolOperatingInd01
IRS990/SignificantChangeInd01
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt0506925
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt01238569
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt04205612
IRS990/TotalAssetsEOYAmt02204279
IRS990/TotalAssetsGrp/BOYAmt04205612
IRS990/TotalAssetsGrp/EOYAmt02204279
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt06083171
IRS990/TotalEmployeeCnt0156
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0723504
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt04639486
IRS990/TotalFunctionalExpensesGrp/TotalAmt05362990
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt03085068
IRS990/TotalLiabilitiesEOYAmt0770806
IRS990/TotalLiabilitiesGrp/BOYAmt03085068
IRS990/TotalLiabilitiesGrp/EOYAmt0770806
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01120544
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01433473
IRS990/TotalOtherCompensationAmt013288
IRS990/TotalProgramServiceExpensesAmt04639486
IRS990/TotalProgramServiceRevenueAmt0172801

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