Civic Intelligence

Phoenix Global Foundation Inc.

990 • Fiscal year 2023 • EIN 93-3749342

Jan 01, 2023 to Dec 31, 2023 • Filed on May 10, 2024

Organization Profilewww.phoenixglobalfoundation.org
6738 Dogwood RoadGwynn Oak, MD 21207

(410) 529-0348

Siviq Scores

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

Liabilities / Assets

78th percentile

0.00x

Higher debt load relative to assets than 78% of similar nonprofits.

2023 filings • NTEE Q33 • <$500k nonprofits • Source year 2023

Liabilities / Revenue

78th percentile

0.00x

Higher debt load relative to revenue than 78% of similar nonprofits.

2023 filings • NTEE Q33 • <$500k nonprofits • Source year 2023

Net Margin

97th percentile

100%

Higher net margin than 97% of similar nonprofits.

2023 filings • NTEE Q33 • <$500k nonprofits • Source year 2023

Top Officer Pay

90th percentile

$0

Higher top officer pay than 90% of similar nonprofits.

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

2023 filings • NTEE Q33 • <$500k nonprofits • Source year 2023

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2023

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2023

Balance Sheet
Liabilities / Assets78th percentile

Assets

$321,250

No earlier filing loaded for comparison.

Net Assets

$320,235

No earlier filing loaded for comparison.

Liabilities

$1,015

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / Revenue78th percentileNet Margin97th percentile

Revenue

$321,250

No earlier filing loaded for comparison.

Expenses

$1,015

No earlier filing loaded for comparison.

Net Income

$320,235

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset GrowthScore unavailable

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

$1.0M$500K$0Assets 2023: $321,250Liabilities 2023: $1,015Net Assets 2023: $320,2352023Assets 2024: $929,053Liabilities 2024: $0Net Assets 2024: $929,0532024

Highlighted filing

2023

Assets$321,250
Liabilities$1,015
Net Assets$320,235
Open 2023 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$800K$600K$400K$200K$0Revenue 2023: $321,250Expenses 2023: $1,015Net Income 2023: $320,2352023Revenue 2024: $615,500Expenses 2024: $6,682Net Income 2024: $608,8182024

Highlighted filing

2023

Revenue$321,250
Expenses$1,015
Net Income$320,235
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
May 10, 2024
Return Version
2023v5.0
Gross Receipts
$321,250
Mission and Program Overview

Mission

To provide access to quality healthcare services that improve the lives of people in the United States and in Africa through, innovation, collaboration, education, philanthropic support, and strategic grant allocation.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts-$321,250-
Rtn Earn Endowment Incm Other Fnds-$320,235-
Total Assets$0$321,250▲ $321,250
Liabilities
Accounts Payable and Accrued Expenses-$1,015-
Total Liabilities$0$1,015▲ $1,015
Net Assets / Fund Balance
Total Net Assets Fund Balance$0$320,235▲ $320,235
Total Liabilities and Net Assets / Fund Balance$0$321,250▲ $321,250
Compensation and Service Providers
Top Officer Pay90th percentile

Board Members and Trustees

NameTitle
Yinka AdepojuPresidentDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$321,250
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$321,250
Change in Net Assets
$320,235
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,015
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Expenses-$1,015-$1,015
Total Functional Expenses$0$1,015$0$1,015
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990 governing body review Part VI line 11

“The return is reviewed by members of the board before the return is filed.”

Governing documents etc available to public Part VI line 19

“The Organization makes available to the public all governing documents upon request.”

Filing and Contact Details

Filer

Filer Name
Phoenix Global Foundation Inc
EIN
93-3749342
Address
6738 Dogwood Road, Gwynn Oak, MD 21207

Signing Officer

Name
Yinka Adepoju
Title
Director
Signed
2024-05-10
Discuss with paid preparer
Yes

Organization Details

Formed
2023
Legal Domicile
Md
Voting Board Members
2
Independent Board Members
0
Employees
0

Preparer

Firm
James L Layton CPA CFE CVA
Address
9 Lord Mayors Ct, Cockeysville, MD 21030
Preparer
James L Layton
Phone
4109616982
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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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ReturnHeader/TaxPeriodBeginDt02023-01-01
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Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$321,250
Liabilities
$1,015
Net assets
$320,235
Revenue
$321,250
Expenses
$1,015
Net income
$320,235
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$9.29$0.00$9.29$6.16$0.07$6.09
2023Detailed filing. Detailed filing data is available for this year.$3.21$0.01$3.20$3.21$0.01$3.20