Civic Intelligence

Phoenix Academy

990 • Fiscal year 2017 • EIN 90-0080788

Jul 01, 2016 to Jun 30, 2017 • Filed on May 08, 2018

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

76th percentile

0.52x

Higher debt load relative to assets than 76% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Liabilities / Revenue

89th percentile

2.24x

Higher debt load relative to revenue than 89% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Net Margin

2nd percentile

-137%

Higher net margin than 2% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2017

Asset Growth

48th percentile

3.3%

Faster asset growth than 48% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2015 to 2017

Revenue Growth

6th percentile

-41%

Faster revenue growth than 6% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2015 to 2017

Balance Sheet
Liabilities / Assets76th percentile

Assets

Up

$5,917,345

Up $371,201 (+6.7%) from 2015

Net Assets

Up

$2,865,851

Up $5,476,818 (+210%) from 2015

Liabilities

Down

$3,051,494

Down $5,105,617 (-63%) from 2015

Revenue And Expenses
Liabilities / Revenue89th percentileNet Margin2nd percentile

Revenue

Down

$1,359,464

Down $2,574,717 (-65%) from 2015

Expenses

Up

$3,225,879

Up $94,698 (+3.0%) from 2015

Net Income

Down

-$1,866,415

Down $2,669,415 (-332%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth48th 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

2017

Assets$5,917,345
Liabilities$3,051,494
Net Assets$2,865,851
Open 2017 Filing

Operations Trend

Revenue Growth6th 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

2017

Revenue$1,359,464
Expenses$3,225,879
Net Income-$1,866,415
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
May 8, 2018
Return Version
2016v3.1
Gross Receipts
$1,359,464
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$2,804,137$3,280,870▲ $476,733
Land, Buildings, and Equipment, Net$2,022,241$1,957,899▼ $64,342
Savings and Temporary Cash Investments$427,346$430,633▲ $3,287
Prepaid Expenses and Deferred Charges$76,086$150,521▲ $74,435
Pledges and Grants Receivable$80,598$97,197▲ $16,599
Other Notes and Loans Receivable, Net$6,000--
Accounts Receivable$525$225▼ $300
Total Assets$5,416,933$5,917,345▲ $500,412
Liabilities
Unsecured Notes Loans Payable$983,304$2,957,046▲ $1,973,742
Other Liabilities$55,100$69,631▲ $14,531
Accounts Payable and Accrued Expenses$37,311$24,817▼ $12,494
Total Liabilities$1,075,715$3,051,494▲ $1,975,779
Net Assets / Fund Balance
Permanently Rstr Net Assets$2,022,241$1,957,899▼ $64,342
Temporarily Rstr Net Assets$688,619$687,522▼ $1,097
Unrestricted Net Assets$1,630,358$220,430▼ $1,409,928
Total Net Assets Fund Balance$4,341,218$2,865,851▼ $1,475,367
Total Liabilities and Net Assets / Fund Balance$5,416,933$5,917,345▲ $500,412

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,943,649$476,044$2,419,693
Equipment$14,250$160,551$174,801
Compensation and Service Providers
Top Officer PayScore unavailable

Employees

NameTitleFull / Part TimeBaseTotal
Patricia ZeleiTreasurerPT$42,120$42,120
Byron ChokaPresidentPT$1,500$1,500
Samuel Mallette IiiVice PresidePT$1,375$1,375
Will KroskyBoard MemberPT$1,375$1,375
Bruce WilliamsBoard MemberPT$1,125$1,125
Brenda BrakeBoard MemberPT$750$750
Revenue and Support

Revenue Composition

Contributions and Grants
$1,263,193
Program Service Revenue
$23,665
Investment Income
$8,365
Other Revenue
$64,241
Change in Net Assets
$-1,866,415
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$2,936,343
Salaries, Compensation, and Employee Benefits$289,536
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Management$2,514,604--$2,514,604
Other Salaries and Wages$187,437--$187,437
Fees for Services Other$163,920--$163,920
Office Expenses$74,965--$74,965
Depreciation Depletion-$64,241-$64,241
Occupancy$61,799--$61,799
Current Officers, Directors, Trustees, and Key Employees-$48,245-$48,245
Pension Plan Contributions$35,545--$35,545
Other Expenses$21,341--$21,341
Other Employee Benefits$18,309--$18,309
Travel$5,718--$5,718
Total Functional Expenses$3,113,393$112,486$0$3,225,879
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$65,428
Intergovernmental Payable$4,203
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
2018-05-08

Organization Details

Principal Officer
Patricia Zelei
Formed
2003
Legal Domicile
Oh
Voting Board Members
6
Independent Board Members
6
Employees
22

Preparer

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

Additional Explanations

Form 990, Part XI, Line 9

“Book / tax depreciation difference 64,241 accrual to cash 0 implement gasb 68 adj 415,504 accrual to cash -88,697 impement gasb 68 adjustment 0 total 391,048”

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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/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/ExplanationTxt4BOOK / TAX DEPRECIATION DIFFERENCE 64,241 ACCRUAL TO CASH 0 IMPLEMENT GASB 68 ADJ 415,504 ACCRUAL TO CASH -88,697 IMPEMENT GASB 68 ADJUSTMENT 0 TOTAL 391,048
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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/TotalRevenueGrp/TotalRevenueColumnAmt01359464
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IRS990/USAddress/CityNm0TOLEDO
IRS990/USAddress/StateAbbreviationCd0OH
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IRS990/WebsiteAddressTxt0HTTP://WWW.PHOENIXTOLEDO.ORG/
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02018-06-14 16:35:46Z
ReturnHeader/BusinessOfficerGrp/PersonNm0PATRICIA ZELEI
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-05-08
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0PHOENIX ACADEMY
ReturnHeader/Filer/BusinessNameControlTxt0PHOE
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ReturnHeader/Filer/USAddress/AddressLine1Txt01505 JEFFERSON
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ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0C31A8EC2A33DED74E1585005B3581F7861D4C6B0
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
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ReturnHeader/PreparerPersonGrp/PhoneNum06144514644
ReturnHeader/PreparerPersonGrp/PreparationDt02018-05-08
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0BRIAN SCHNEIDER
ReturnHeader/ReturnTs02018-05-10T11:53:28-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02016-07-01
ReturnHeader/TaxPeriodEndDt02017-06-30
ReturnHeader/TaxYr02016

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$5,917,345
Liabilities
$3,051,494
Net assets
$2,865,851
Revenue
$1,359,464
Expenses
$3,225,879
Net income
-$1,866,415
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