Civic Intelligence

Phoenix Academy

990 • Fiscal year 2014 • EIN 90-0080788

Jul 01, 2013 to Jun 30, 2014 • Filed on Nov 05, 2014

Organization ProfileWWW.PHOENIXTOLEDO.ORG
1505 Jefferson43604

(419) 720-4588

Siviq Scores

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

Liabilities / Assets

54th percentile

0.14x

Higher debt load relative to assets than 54% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Liabilities / Revenue

59th percentile

0.17x

Higher debt load relative to revenue than 59% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Net Margin

63rd percentile

7.4%

Higher net margin than 63% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Top Officer Pay

38th percentile

$26,385

Higher top officer pay than 38% of similar nonprofits.

Top officer pay equals 0.7% of source-year revenue.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Asset Growth

21st percentile

-4.5%

Faster asset growth than 21% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2013 to 2014

Revenue Growth

17th percentile

-15%

Faster revenue growth than 17% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2011 to 2014

Balance Sheet
Liabilities / Assets54th percentile

Assets

Down

$4,785,367

Down $224,084 (-4.5%) from 2013

Net Assets

Down

$4,098,416

Down $302,536 (-6.9%) from 2013

Liabilities

Up

$686,951

Up $78,452 (+13%) from 2013

Revenue And Expenses
Liabilities / Revenue59th percentileNet Margin63rd percentile

Revenue

$3,930,384

No earlier filing loaded for comparison.

Expenses

Down

$3,638,351

Down $773,532 (-18%) from 2013

Net Income

$292,033

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset Growth21st percentile

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

$10M$5.0M$0-$5.0MAssets 2011: $5,241,047Liabilities 2011: $1,740,059Net Assets 2011: $3,500,9882011Assets 2012: $4,819,584Liabilities 2012: $1,256,994Net Assets 2012: $3,562,5902012Assets 2013: $5,009,451Liabilities 2013: $608,499Net Assets 2013: $4,400,9522013Assets 2014: $4,785,367Liabilities 2014: $686,951Net Assets 2014: $4,098,4162014Assets 2015: $5,546,144Liabilities 2015: $8,157,111Net Assets 2015: -$2,610,9672015Assets 2017: $5,917,345Liabilities 2017: $3,051,494Net Assets 2017: $2,865,8512017Assets 2018: $0Liabilities 2018: $0Net Assets 2018: $02018

Highlighted filing

2014

Assets$4,785,367
Liabilities$686,951
Net Assets$4,098,416
Open 2014 Filing

Operations Trend

Revenue Growth17th percentile

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

$10M$5.0M$0-$5.0MRevenue 2011: $6,299,874Expenses 2011: $5,377,430Net Income 2011: $922,4442011Expenses 2012: $5,256,9362012Expenses 2013: $4,411,8832013Revenue 2014: $3,930,384Expenses 2014: $3,638,351Net Income 2014: $292,0332014Revenue 2015: $3,934,181Expenses 2015: $3,131,181Net Income 2015: $803,0002015Revenue 2017: $1,359,464Expenses 2017: $3,225,879Net Income 2017: -$1,866,4152017Revenue 2018: $1,539,417Expenses 2018: $2,174,040Net Income 2018: -$634,6232018

Highlighted filing

2014

Revenue$3,930,384
Expenses$3,638,351
Net Income$292,033
Open 2014 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2013 to Jun 30, 2014
Signed
Nov 5, 2014
Return Version
2013v3.1
Gross Receipts
$3,930,384
Mission and Program Overview

Mission

To enable at-risk students in the northwest ohio area to complete the requirements for a high school diploma. The academy will combine community based services with flexible academic program.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$2,234,625$2,159,765▼ $74,860
Cash and Non-Interest-Bearing Accounts$1,830,158$2,106,260▲ $276,102
Savings and Temporary Cash Investments$425,754$425,850▲ $96
Prepaid Expenses and Deferred Charges$50,312$47,395▼ $2,917
Pledges and Grants Receivable$468,602$45,547▼ $423,055
Accounts Receivable-$550-
Total Assets$5,009,451$4,785,367▼ $224,084
Liabilities
Unsecured Notes Loans Payable$394,937$642,536▲ $247,599
Accounts Payable and Accrued Expenses$17,370$37,130▲ $19,760
Other Liabilities$196,192$7,285▼ $188,907
Total Liabilities$608,499$686,951▲ $78,452
Net Assets / Fund Balance
Permanently Rstr Net Assets$2,234,625$2,159,765▼ $74,860
Unrestricted Net Assets$1,032,084$1,153,985▲ $121,901
Temporarily Rstr Net Assets$1,134,243$784,666▼ $349,577
Total Net Assets Fund Balance$4,400,952$4,098,416▼ $302,536
Total Liabilities and Net Assets / Fund Balance$5,009,451$4,785,367▼ $224,084

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$2,125,126$294,567$2,419,693
Equipment$34,639$140,162$174,801
Compensation and Service Providers
Top Officer Pay38th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Patricia ZeleiTreasurerPT$26,385$26,385
James HawkinsVice PresidePT$1,375$1,375
Joan DurginBoard MemberPT$1,375$1,375
Brenda BrakePresidentPT$1,250$1,250
Dan PompaBoard MemberPT$1,250$1,250

Board Members and Trustees

NameTitle
Will KroskyBoard Member
Revenue and Support

Revenue Composition

Contributions and Grants
$3,876,066
Program Service Revenue
$51,587
Investment Income
$1,204
Other Revenue
$1,527
Change in Net Assets
$292,033
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$3,300,928
Salaries, Compensation, and Employee Benefits$337,423
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Management$2,484,986--$2,484,986
Other Salaries and Wages$249,026--$249,026
Fees for Services Other$197,964--$197,964
Office Expenses$78,082--$78,082
Occupancy$77,310--$77,310
Depreciation Depletion-$74,860-$74,860
Other Expenses$55,213--$55,213
Current Officers, Directors, Trustees, and Key Employees$31,635--$31,635
Other Employee Benefits$28,998--$28,998
Pension Plan Contributions$27,764--$27,764
Travel$12,944--$12,944
Total Functional Expenses$3,563,491$74,860$0$3,638,351
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Intergovernmental Payable$7,285
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
No
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
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

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

“The form 990 is prepared by an outside cpa firm who sends it to the treasurer for review. After the review of the return by the treasurer, it is then given to the board for review and discussion. If there are no changes, it is then mailed to the irs.”

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

“The policy is reviewed with the board members at the annual board meeting focusing on new board members.”

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

“The treasurer's compensation package is reviewed and evaluated by the board of directors and is approved by the board. The toledo public schools is the sponsor. The fee is negogiated by contract by the boards of both entities.”

Form 990, Page 6, Part VI, Line 19

“The governing documents and conflict of interest policies are at the school office and available upon request. The past financial statements are available on the state auditor of ohio website and are due by november 30th of each year.”

Filing and Contact Details

Filer

EIN
90-0080788

Signing Officer

Name
Patricia Zelei
Title
Treasurer
Signed
2014-11-05

Organization Details

Principal Officer
Patricia Zelei
Formed
2003
Legal Domicile
Oh
Voting Board Members
7
Independent Board Members
7
Employees
25

Preparer

Preparer
Dominic Dibartolomeo
Phone
6144514644
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 9

“ACCRUAL TO CASH 594,569”

Raw XML Appendix348 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0THROUGH BROCHURES.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1THE ACADEMY RECEIVES FINANCIAL ASSISTANCE FROM FEDERAL AND STATE GOVERNMENTS IN THE FORM OF GRANTS. THE DISBURSEMENT OF FUNDS RECEIVED FROM THESE GRANTS NORMALLY REQUIRE COMPLIANCE WITH TERMS AND CONDITIONS OF THE GRANT WHICH ARE SPECIFIED IN GRANT AGREEMENTS AND ARE SUBJECT TO AUDIT BY THE GRANTOR AGENCIES.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE FORM 990 IS PREPARED BY AN OUTSIDE CPA FIRM WHO SENDS IT TO THE TREASURER FOR REVIEW. AFTER THE REVIEW OF THE RETURN BY THE TREASURER, IT IS THEN GIVEN TO THE BOARD FOR REVIEW AND DISCUSSION. IF THERE ARE NO CHANGES, IT IS THEN MAILED TO THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE POLICY IS REVIEWED WITH THE BOARD MEMBERS AT THE ANNUAL BOARD MEETING FOCUSING ON NEW BOARD MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE TREASURER'S COMPENSATION PACKAGE IS REVIEWED AND EVALUATED BY THE BOARD OF DIRECTORS AND IS APPROVED BY THE BOARD. THE TOLEDO PUBLIC SCHOOLS IS THE SPONSOR. THE FEE IS NEGOGIATED BY CONTRACT BY THE BOARDS OF BOTH ENTITIES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICIES ARE AT THE SCHOOL OFFICE AND AVAILABLE UPON REQUEST. THE PAST FINANCIAL STATEMENTS ARE AVAILABLE ON THE STATE AUDITOR OF OHIO WEBSITE AND ARE DUE BY NOVEMBER 30TH OF EACH YEAR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4ACCRUAL TO CASH 594,569
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART XI, LINE 9
IRS990/SchoolOperatingInd0true
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt01134243
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt0784666
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt05009451
IRS990/TotalAssetsEOYAmt04785367
IRS990/TotalAssetsGrp/BOYAmt05009451
IRS990/TotalAssetsGrp/EOYAmt04785367
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt03876066
IRS990/TotalEmployeeCnt025
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt074860
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt03563491
IRS990/TotalFunctionalExpensesGrp/TotalAmt03638351
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0608499
IRS990/TotalLiabilitiesEOYAmt0686951
IRS990/TotalLiabilitiesGrp/BOYAmt0608499
IRS990/TotalLiabilitiesGrp/EOYAmt0686951
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt04400952
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt04098416
IRS990/TotalProgramServiceExpensesAmt03563491
IRS990/TotalProgramServiceRevenueAmt051587
IRS990/TotalReportableCompFromOrgAmt031635
IRS990/TotalRevenueGrp/ExclusionAmt02731
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt051587
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt03930384
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt05009451
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt04785367
IRS990/TravelGrp/ProgramServicesAmt012944
IRS990/TravelGrp/TotalAmt012944
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt01032084
IRS990/UnrestrictedNetAssetsGrp/EOYAmt01153985
IRS990/UnsecuredNotesLoansPayableGrp/BOYAmt0394937
IRS990/UnsecuredNotesLoansPayableGrp/EOYAmt0642536
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine101505 JEFFERSON
IRS990/USAddress/City0TOLEDO
IRS990/USAddress/State0OH
IRS990/USAddress/ZIPCode043604
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt07
IRS990/WebsiteAddressTxt0HTTP://WWW.PHOENIXTOLEDO.ORG/
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02015-11-30 17:44:51Z
ReturnHeader/BusinessOfficerGrp/PersonNm0PATRICIA ZELEI
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/SignatureDt02014-11-05
ReturnHeader/Filer/BusinessName/BusinessNameLine10PHOENIX ACADEMY
ReturnHeader/Filer/BusinessNameControlTxt0PHOE
ReturnHeader/Filer/EIN0900080788
ReturnHeader/Filer/USAddress/AddressLine101505 JEFFERSON
ReturnHeader/Filer/USAddress/City0TOLEDO
ReturnHeader/Filer/USAddress/State0OH
ReturnHeader/Filer/USAddress/ZIPCode043604
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0203767687
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine10HHH CPA GROUP LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine101250 OLD HENDERSON RD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/City0COLUMBUS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/State0OH
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCode0432203606
ReturnHeader/PreparerPersonGrp/PhoneNum06144514644
ReturnHeader/PreparerPersonGrp/PreparationDt02014-12-01
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0DOMINIC DIBARTOLOMEO
ReturnHeader/ReturnTs02014-12-12T12:28:36-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02013-07-01
ReturnHeader/TaxPeriodEndDt02014-06-30
ReturnHeader/TaxYr02013

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2014 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$4,785,367
Liabilities
$686,951
Net assets
$4,098,416
Revenue
$3,930,384
Expenses
$3,638,351
Net income
$292,033
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2018Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$1.54$2.17$0.63
2017Detailed filing. Detailed filing data is available for this year.$5.92$3.05$2.87$1.36$3.23$1.87
2015Detailed filing. Detailed filing data is available for this year.$5.55$8.16$2.61$3.93$3.13$0.80
2014Detailed filing. Detailed filing data is available for this year.$4.79$0.69$4.10$3.93$3.64$0.29
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.01$0.61$4.40$4.41
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.82$1.26$3.56$5.26
2011Summary only. Only limited summary data is available for this year.$5.24$1.74$3.50$6.30$5.38$0.92