Phoenix International Academy
- Assets
- $195.3k
- Revenue
- $2.0m
- Investments
- $0.0
- Employees
- 16
- Location
- Phoenix, AZ
- Founding
- 10/2018
- Data as of
- 06/2022
- EIN
- 82-2684131
Organization Overview
Phoenix International Academy is located in Phoenix, AZ. The organization was established in 2018. According to its NTEE Classification (B29) the organization is classified as: Charter Schools, under the broad grouping of Education and related organizations. As of 06/2022, Phoenix International Academy employed 16 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Phoenix International Academy 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 International Academy generated $2.0m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 47.6% each year . All expenses for the organization totaled $2.3m during the year ending 06/2022. 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
THE MISSION OF PHOENIX INTERNATIONAL ACADEMY IS TO PROVIDE A RIGOROUS ACADEMIC ENVIRONMENT WHERE STUDENTS APPLY KNOWLEDGE AND SKILLS THROUGH INTERDISCIPLINARY PROJECTS THAT REQUIRE CREATIVE THINKING AND COMPLEX PROBLEM SOLVING. STUDENTS WILL DEVELOP THE SKILLS NECESSARY TO THRIVE IN A DIVERSE, INTERDEPENDENT WORLD THROUGH A FOCUS ON GLOBAL COMPETENCY AND COMMUNITY-BASED LEARNING PROJECTS THAT WILL HAVE A POSITIVE LOCAL AND GLOBAL IMPACT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE SCHOOL HELD SEVERAL PILOT PROGRAMS TO TEST MODEL OF PROJECT BASED LEARNING, ENROLLED 80% CAPACITY FOR THE 2019 SCHOOL YEAR, DEVELOPED COMPETENCY BASED GRADING SYSTEM AND CURRICULAR TOOLS TO MATCH, HELD MONTHLY FAMILY AND COMMUNITY ENGAGEMENT EVENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ivette Marquez Executive Di | Officer | 40 | $107,179 |
Jade Bradfish Vice Preside | OfficerTrustee | 2 | $0 |
Katie Hooten Member | Trustee | 2 | $0 |
Kelli Kunkee President | OfficerTrustee | 2 | $0 |
Susie Wissinger Secretary | OfficerTrustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Crescent Commercial Real Estate Llc Rent | 6/29/22 | $246,441 |
Kz Investment Fund Llc Rent | 6/29/22 | $126,169 |
Valleywide Transporation Bus Transportat | 6/29/22 | $184,151 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,867,460 |
| All other contributions, gifts, grants, and similar amounts not included above | $156,116 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,023,576 |
| Total Program Service Revenue | $614 |
| Investment income | $28 |
| 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 | $2,024,218 |
| 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. | $107,179 |
| Compensation of current officers, directors, key employees. | $107,179 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $562,284 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $100,357 |
| Payroll taxes | $51,214 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $7,500 |
| Fees for services: Accounting | $31,625 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $711,691 |
| Advertising and promotion | $15,990 |
| Office expenses | $297,512 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $428,535 |
| 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 | $5,952 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $2,319,839 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $91,515 |
| Savings and temporary cash investments | $131 |
| Pledges and grants receivable | $44,244 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $17,573 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $41,866 |
| Total assets | $195,329 |
| Accounts payable and accrued expenses | $121,753 |
| 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 | $451,933 |
| Total liabilities | $573,686 |
| Net assets without donor restrictions | -$378,357 |
| 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 | $195,329 |