Phoenix Academy Inc
- Assets
- $3.0m
- Revenue
- $10.4m
- Investments
- $0.0
- Employees
- 95
- Location
- High Point, NC
- Founding
- 12/1999
- Data as of
- 06/2021
- 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 06/2021, Phoenix Academy Inc employed 95 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 06/2021, Phoenix Academy Inc generated $10.4m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 3.8% each year. All expenses for the organization totaled $9.4m during the year ending 06/2021. While expenses have increased by 1.3% per year over the past 6 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
2021
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 1,088 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 |
|---|---|---|---|
Perry Flynn Chair | OfficerTrustee | 3 | $0 |
Charles A Alt Secretary | OfficerTrustee | 3 | $0 |
Christopher Swadener Treasurer | OfficerTrustee | 3 | $0 |
Joel Epstein Board Member | Trustee | 1 | $0 |
Clarence Henderson Board Member | Trustee | 3 | $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 | $10,173,201 |
| All other contributions, gifts, grants, and similar amounts not included above | $49,655 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $10,222,856 |
| Total Program Service Revenue | $583 |
| 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 | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $10,364,069 |
| 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 | $2,669,768 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $788,928 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $264,656 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $193,820 |
| Royalties | $0 |
| Occupancy | $2,546,210 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $85,772 |
| Insurance | $42,544 |
| All other expenses | $85,686 |
| Total functional expenses | $9,437,898 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,588,611 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $132,883 |
| Accounts receivable, net | $19 |
| 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 | $16,548 |
| Net Land, buildings, and equipment | $287,008 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,025,069 |
| Accounts payable and accrued expenses | $319,771 |
| 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 | $727,802 |
| Total liabilities | $1,047,573 |
| Net assets without donor restrictions | $1,797,481 |
| Net assets with donor restrictions | $180,015 |
| 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 | $3,025,069 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Phoenix Academy Inc has recieved totaling $17.
| Awarding Organization | Amount |
|---|---|
Aetna Foundation Inc Hartford, CT PURPOSE: GENERAL PURPOSE | $17 |