Civic Intelligence

Phoenix Academy

990 • Fiscal year 2015 • EIN 90-0080788

Jul 01, 2014 to Jun 30, 2015 • Filed on Dec 17, 2015

Organization ProfileWWW.PHOENIXTOLEDO.ORG
1505 JeffersonToledo, OH 43604

(419) 720-4588

Siviq Scores

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

Liabilities / Assets

97th percentile

1.47x

Higher debt load relative to assets than 97% of similar nonprofits.

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

Liabilities / Revenue

88th percentile

2.07x

Higher debt load relative to revenue than 88% of similar nonprofits.

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

Net Margin

79th percentile

20%

Higher net margin than 79% of similar nonprofits.

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

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2015

Asset Growth

81st percentile

16%

Faster asset growth than 81% of similar nonprofits.

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

Revenue Growth

39th percentile

0.1%

Faster revenue growth than 39% of similar nonprofits.

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

Balance Sheet
Liabilities / Assets97th percentile

Assets

Up

$5,546,144

Up $760,777 (+16%) from 2014

Net Assets

Down

-$2,610,967

Down $6,709,383 (-164%) from 2014

Liabilities

Up

$8,157,111

Up $7,470,160 (+1087%) from 2014

Revenue And Expenses
Liabilities / Revenue88th percentileNet Margin79th percentile

Revenue

Up

$3,934,181

Up $3,797 (+0.1%) from 2014

Expenses

Down

$3,131,181

Down $507,170 (-14%) from 2014

Net Income

Up

$803,000

Up $510,967 (+175%) from 2014

Historical Trend

Balance Sheet Trend

Asset Growth81st 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

2015

Assets$5,546,144
Liabilities$8,157,111
Net Assets-$2,610,967
Open 2015 Filing

Operations Trend

Revenue Growth39th 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

2015

Revenue$3,934,181
Expenses$3,131,181
Net Income$803,000
Open 2015 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2014 to Jun 30, 2015
Signed
Dec 17, 2015
Return Version
2014v6.0
Gross Receipts
$3,934,181
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
Cash and Non-Interest-Bearing Accounts$2,106,260$2,385,087▲ $278,827
Land, Buildings, and Equipment, Net$2,159,765$2,091,003▼ $68,762
Prepaid Expenses and Deferred Charges$47,395$499,057▲ $451,662
Savings and Temporary Cash Investments$425,850$426,067▲ $217
Pledges and Grants Receivable$45,547$138,930▲ $93,383
Other Notes and Loans Receivable, Net-$6,000-
Accounts Receivable$550--
Total Assets$4,785,367$5,546,144▲ $760,777
Liabilities
Unsecured Notes Loans Payable$642,536$6,996,222▲ $6,353,686
Other Liabilities$7,285$1,119,494▲ $1,112,209
Accounts Payable and Accrued Expenses$37,130$41,395▲ $4,265
Total Liabilities$686,951$8,157,111▲ $7,470,160
Net Assets / Fund Balance
Permanently Rstr Net Assets$2,159,765$2,091,003▼ $68,762
Temporarily Rstr Net Assets$784,666$838,719▲ $54,053
Unrestricted Net Assets$1,153,985$-5,540,689▼ $6,694,674
Total Net Assets Fund Balance$4,098,416$-2,610,967▼ $6,709,383
Total Liabilities and Net Assets / Fund Balance$4,785,367$5,546,144▲ $760,777

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$2,064,633$355,060$2,419,693
Equipment$26,370$148,431$174,801
Compensation and Service Providers
Top Officer PayScore unavailable

Employees

NameTitleFull / Part TimeBaseTotal
Patricia ZeleiTreasurerPT$38,263$38,263
Brenda BrakePresidentPT$1,500$1,500
Will KroskyBoard MemberPT$1,375$1,375
Byron ChokaBoard MemberPT$1,250$1,250
Dan PompaBoard MemberPT$1,250$1,250
Joan DurginBoard MemberPT$1,250$1,250
James HawkinsVice PresidePT$375$375
Revenue and Support

Revenue Composition

Contributions and Grants
$3,899,367
Program Service Revenue
$32,698
Investment Income
$1,327
Other Revenue
$789
Change in Net Assets
$803,000
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$2,824,157
Salaries, Compensation, and Employee Benefits$307,024
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Management$2,286,816--$2,286,816
Other Salaries and Wages$213,573--$213,573
Fees for Services Other$190,091--$190,091
Office Expenses$87,291--$87,291
Occupancy$72,088--$72,088
Depreciation Depletion-$68,762-$68,762
Current Officers, Directors, Trustees, and Key Employees$45,263--$45,263
Pension Plan Contributions$40,057--$40,057
Other Expenses$26,397--$26,397
Other Employee Benefits$8,131--$8,131
Travel$6,235--$6,235
Total Functional Expenses$3,062,419$68,762$0$3,131,181
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
Deferred Pension - Strs$1,114,000
Intergovernmental Payable$5,494
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

Filer Name
Phoenix Academy
EIN
90-0080788
Address
1505 JEFFERSON, TOLEDO, OH 43604

Signing Officer

Name
Patricia Zelei
Title
Treasurer
Signed
2015-12-17

Organization Details

Principal Officer
Patricia Zelei
Formed
2003
Legal Domicile
Oh
Voting Board Members
6
Independent Board Members
6
Employees
27
Volunteers
1

Preparer

Firm
Hhh CPA Group LLC
Address
1250 OLD HENDERSON RD, COLUMBUS, OH 43220-3606
Preparer
Brian Aden
Phone
6144514644
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 9

“Accrual to cash 571,979 accrual to cash 0 impement gasb 68 adjustment 8,084,362”

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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/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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IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE E, LINE 6
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
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 571,979 ACCRUAL TO CASH 0 IMPEMENT GASB 68 ADJUSTMENT 8,084,362
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
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IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt0784666
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt0838719
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt04785367
IRS990/TotalAssetsEOYAmt05546144
IRS990/TotalAssetsGrp/BOYAmt04785367
IRS990/TotalAssetsGrp/EOYAmt05546144
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IRS990/TotalContributionsAmt03899367
IRS990/TotalEmployeeCnt027
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt068762
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt03062419
IRS990/TotalFunctionalExpensesGrp/TotalAmt03131181
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0686951
IRS990/TotalLiabilitiesEOYAmt08157111
IRS990/TotalLiabilitiesGrp/BOYAmt0686951
IRS990/TotalLiabilitiesGrp/EOYAmt08157111
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt04098416
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-2610967
IRS990/TotalProgramServiceExpensesAmt03062419
IRS990/TotalProgramServiceRevenueAmt032698
IRS990/TotalReportableCompFromOrgAmt045263
IRS990/TotalRevenueGrp/ExclusionAmt02116
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt032698
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt03934181
IRS990/TotalVolunteersCnt01
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt04785367
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt05546144
IRS990/TravelGrp/ProgramServicesAmt06235
IRS990/TravelGrp/TotalAmt06235
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt01153985
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0-5540689
IRS990/UnsecuredNotesLoansPayableGrp/BOYAmt0642536
IRS990/UnsecuredNotesLoansPayableGrp/EOYAmt06996222
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt01505 JEFFERSON
IRS990/USAddress/CityNm0TOLEDO
IRS990/USAddress/StateAbbreviationCd0OH
IRS990/USAddress/ZIPCd043604
IRS990/VotingMembersGoverningBodyCnt06
IRS990/VotingMembersIndependentCnt06
IRS990/WebsiteAddressTxt0HTTP://WWW.PHOENIXTOLEDO.ORG/
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02016-04-25 22:37:26Z
ReturnHeader/BusinessOfficerGrp/PersonNm0PATRICIA ZELEI
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/SignatureDt02015-12-17
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0PHOENIX ACADEMY
ReturnHeader/Filer/BusinessNameControlTxt0PHOE
ReturnHeader/Filer/EIN0900080788
ReturnHeader/Filer/USAddress/AddressLine1Txt01505 JEFFERSON
ReturnHeader/Filer/USAddress/CityNm0TOLEDO
ReturnHeader/Filer/USAddress/StateAbbreviationCd0OH
ReturnHeader/Filer/USAddress/ZIPCd043604
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0203767687
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0HHH CPA GROUP LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01250 OLD HENDERSON RD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0COLUMBUS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0OH
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0432203606
ReturnHeader/PreparerPersonGrp/PhoneNum06144514644
ReturnHeader/PreparerPersonGrp/PreparationDt02015-12-17
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0BRIAN ADEN
ReturnHeader/ReturnTs02016-01-07T10:59:45-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02014-07-01
ReturnHeader/TaxPeriodEndDt02015-06-30
ReturnHeader/TaxYr02014

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

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

Open filing
Assets
$5,546,144
Liabilities
$8,157,111
Net assets
-$2,610,967
Revenue
$3,934,181
Expenses
$3,131,181
Net income
$803,000
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