Phoenix Advantage Charter School Inc
- Assets
- $6.3m
- Revenue
- $2.9m
- Investments
- $0.0
- Employees
- 31
- Location
- Phoenix, AZ
- Founding
- 10/2003
- Data as of
- 06/2022
- EIN
- 04-3309215
Organization Overview
Phoenix Advantage Charter School Inc is located in Phoenix, AZ. The organization was established in 2003. According to its NTEE Classification (B30) the organization is classified as: Vocational & Technical Schools, under the broad grouping of Education and related organizations. As of 06/2022, Phoenix Advantage Charter School Inc employed 31 individuals. This organization is the central organization for a national or regional group of organizations. Phoenix Advantage Charter School 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 Advantage Charter School Inc generated $2.9m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (7.2%) each year. All expenses for the organization totaled $3.2m during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (2.9%) per year over the past 4 years. 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 SCHOOL'S MISSION IS TO PREPARE STUDENTS FOR THE CHOICES AND CHALLENGES IN A COMPLEX WORLD.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PHOENIX ADVANTAGE CHARTER SCHOOL OPERATED A CHARTER SCHOOL IN THE STATE OF ARIZONA AND SERVED STUDENTS IN KINDERGARTEN THROUGH EIGHTH GRADE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rochelle Elliot Principal/superintendent | Officer | 40 | $109,409 |
Chad Barnett Board Chair | Trustee | 2 | $0 |
Fernando Trinidad Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
L&m Food Management Service Food Service Management | 6/29/22 | $111,952 |
Bee Line Bus Transportation Llc Student Transportation | 6/29/22 | $108,637 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,819,328 |
| All other contributions, gifts, grants, and similar amounts not included above | $10,401 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,829,729 |
| Total Program Service Revenue | $0 |
| Investment income | $338 |
| 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 | $2,866,445 |
| 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. | $189,005 |
| Compensation of current officers, directors, key employees. | $94,502 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,017,749 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $105,963 |
| Payroll taxes | $89,313 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $90,040 |
| Fees for services: Accounting | $96,654 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $331,597 |
| Advertising and promotion | $4,440 |
| Office expenses | $226,862 |
| Information technology | $67,555 |
| Royalties | $0 |
| Occupancy | $528,894 |
| Travel | $172,274 |
| 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 | $291,898 |
| Insurance | $18,326 |
| All other expenses | $8,969 |
| Total functional expenses | $3,240,786 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $749,503 |
| Savings and temporary cash investments | $570,395 |
| Pledges and grants receivable | $0 |
| 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 | $4,947,180 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $6,267,078 |
| Accounts payable and accrued expenses | $243,454 |
| Grants payable | $0 |
| Deferred revenue | $1,283 |
| Tax-exempt bond liabilities | $6,803,471 |
| 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 | $1,353,032 |
| Other liabilities | $50,333 |
| Total liabilities | $8,451,573 |
| Net assets without donor restrictions | -$2,363,189 |
| Net assets with donor restrictions | $178,694 |
| 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 | $6,267,078 |