Phoenix Academy Inc
- Assets
- $3.4m
- Revenue
- $12.1m
- Investments
- $0.0
- Employees
- 98
- Location
- High Point, NC
- Founding
- 12/1999
- Data as of
- 06/2022
- EIN
- 56-2059485
Organization Overview
Phoenix Academy Inc is located in High Point, NC. The organization was established in 1999. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. As of 06/2022, Phoenix Academy Inc employed 98 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Phoenix Academy Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, Phoenix Academy Inc generated $12.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.6% each year. All expenses for the organization totaled $11.1m during the year ending 06/2022. While expenses have increased by 3.6% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
PHOENIX ACADEMY IS A NON-PROFIT CHARTER SCHOOL PROVIDING EDUCATION TO CHILDREN GRADES KINDERGARDEN THROUGH 5TH GRADE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE PHOENIX ACADEMY IS A NORTH CAROLINA PUBLIC SCHOOL OPERATED BY A NON- PROFIT CORPORATION, SERVING APPROXIMATELY 1,166 STUDENTS.
THE PHOENIX ACADEMY, NORTH CAROLINA IS A PUBLIC SCHOOL OPERATED BY A NON- PROFIT CORPORATION, SERVING APPROXIMATELY 975 STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Charles A Alt Secretary | OfficerTrustee | 1 | $0 |
Melissa Blakely Board Member | Trustee | 1 | $0 |
Perry Flynn Chairman | OfficerTrustee | 1 | $0 |
Clarence Henderson Board Member | Trustee | 1 | $0 |
Christopher Swadener Treasurer | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Acadia Northstar Llc Bookkeeping | 6/29/17 | $161,897 |
Unc Greensboro Speech Services | 6/29/17 | $126,265 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $11,830,276 |
| All other contributions, gifts, grants, and similar amounts not included above | $84,549 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $11,914,825 |
| Total Program Service Revenue | $80,421 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $2,426 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $12,117,600 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,911,740 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $776,907 |
| Payroll taxes | $282,583 |
| Fees for services: Management | $2,031,679 |
| Fees for services: Legal | $58,401 |
| Fees for services: Accounting | $13,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $971,141 |
| Advertising and promotion | $14,691 |
| Office expenses | $3,107 |
| Information technology | $110,632 |
| Royalties | $0 |
| Occupancy | $176,434 |
| Travel | $855 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $10,701 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $695,263 |
| Insurance | $42,702 |
| All other expenses | $11,522 |
| Total functional expenses | $11,145,727 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,607,824 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $277,228 |
| Accounts receivable, net | $665 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $31,006 |
| Net Land, buildings, and equipment | $524,107 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,440,830 |
| Accounts payable and accrued expenses | $467,888 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $23,573 |
| Total liabilities | $491,461 |
| Net assets without donor restrictions | $2,949,369 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $3,440,830 |