Phoenix Multisport Inc
- Assets
- $21.0m
- Revenue
- $21.0m
- Investments
- $0.0
- Employees
- 155
- Location
- Denver, CO
- Founding
- 12/2006
- Data as of
- 12/2022
- EIN
- 20-4648043
Organization Overview
Phoenix Multisport Inc, operating under the name The Phoenix, is located in Denver, CO. The organization was established in 2006. According to its NTEE Classification (F21) the organization is classified as: Substance Abuse Prevention, under the broad grouping of Mental Health & Crisis Intervention and related organizations. As of 12/2022, Phoenix employed 155 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Phoenix 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 12/2022, Phoenix generated $21.0m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 27.2% each year . All expenses for the organization totaled $17.7m during the year ending 12/2022. While expenses have increased by 32.4% per year over the past 8 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
PROVIDE ACTIVITIES FOR PERSONS RECOVERING FROM SUBSTANCE ABUSE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PHOENIX MULTISPORT, INC. (DBA "THE PHOENIX") IS AN INNOVATIVE NONPROFIT ORGANIZATION THAT HELPS ANYONE IMPACTED BY SUBSTANCE USE HEAL BY LEVERAGING THE INTRINSIC TRANSFORMATIVE POWER OF SOCIAL CONNECTION AND ACTIVITY. THROUGH A MEANINGFUL DIVERSE VARIETY OF PHYSICAL AND SOCIAL BASED ACTIVITIES, THE PHOENIX COMBATS THE ISOLATION, SHAME, AND HOPELESSNESS THAT OFTEN SURROUNDS SUBSTANCE USE AND PERPETUATES RELAPSE. EVENTS AT THE PHOENIX ARE FREE TO ANYONE WITH AT LEAST 48 HOURS OF CONTINUOUS SOBRIETY. IN 2022, THE PHOENIX CONTINUED TO PRODUCE ITS GREATEST YEAR OF GROWTH TO-DATE. CONTINUED INVESTMENTS IN TECHNOLOGY, PROGRAM AWARENESS, AND EFFECTIVE VOLUNTEER STRATEGIES CATALYZED OVER 102,000 NEW PARTICIPANTS TO JOIN THE MOVEMENT, MORE THAN DOUBLING THE TOTAL NUMBER OF MEMBERS SERVED SINCE INCEPTION TO OVER 200,0000. VIRTUAL PROGRAMMING AND THE PHOENIX MOBILE APP CONTINUE TO TRANSFORM THE WAY OUR MEMBERS CONNECT TO MEANINGFUL SOBER ACTIVITIES AND COMMUNITY. WITH THE PHOENIX MOBILE APP, A ROBUST SOBER SUPPORT NETWORK IS ONLY A CLICK AWAY. THE PHOENIX STRATEGY AROUND VOLUNTEER ACTIVATION, AND THE CULTIVATION OF A HIGH IMPACT VOLUNTEER NETWORK, NOW BOASTS A TRANSFORMATIVE GROUP OF OVER 1,200 VOLUNTEERS WHO LED OVER 15,000 PHOENIX EVENTS ACROSS THE COUNTRY. PEER RECOVERY SUPPORT PROGRAMS OFFERED BY THE PHOENIX HELP ENSURE MORE PEOPLE IN MORE PLACES STAY ENGAGED IN THE RECOVERY PROCESS AND REDUCE THE LIKELIHOOD OF RELAPSE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Board Chair | OfficerTrustee | 1 | $0 |
Name Not Listed Vice Chair | OfficerTrustee | 1 | $0 |
Name Not Listed President/executive Director | OfficerTrustee | 40 | $431,871 |
Name Not Listed Board Member | Trustee | 1 | $0 |
Name Not Listed Board Member | Trustee | 1 | $0 |
Name Not Listed Board Member | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Five Minutes Studio Inc Software Development | 12/30/22 | $1,261,492 |
Hmc Advertising Marketing And Brand Services | 12/30/22 | $435,559 |
Geiger Promotional Material Procurement And Distribution | 12/30/22 | $134,041 |
Integris It Support | 12/30/22 | $321,067 |
Beth Collinson Research And Evaluation | 12/30/22 | $126,689 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $553,433 |
| Related organizations | $0 |
| Government grants | $1,178,972 |
| All other contributions, gifts, grants, and similar amounts not included above | $19,278,973 |
| Noncash contributions included in lines 1a–1f | $199 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $21,011,378 |
| Total Program Service Revenue | $79,638 |
| Investment income | $9,153 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$98,982 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $31,170 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $21,033,484 |
| 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. | $1,344,797 |
| Compensation of current officers, directors, key employees. | $229,435 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $8,300,204 |
| Pension plan accruals and contributions | $142,811 |
| Other employee benefits | $467,820 |
| Payroll taxes | $719,405 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $30,364 |
| Fees for services: Accounting | $137,487 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,498,060 |
| Advertising and promotion | $681,142 |
| Office expenses | $593,587 |
| Information technology | $270,214 |
| Royalties | $0 |
| Occupancy | $453,683 |
| Travel | $844,769 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $28,805 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $791,368 |
| Insurance | $659,843 |
| All other expenses | $83,014 |
| Total functional expenses | $17,697,469 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,226,581 |
| Savings and temporary cash investments | $1,616,956 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $241,629 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $87,393 |
| Prepaid expenses and deferred charges | $240,755 |
| Net Land, buildings, and equipment | $11,576,826 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $20,990,140 |
| Accounts payable and accrued expenses | $765,186 |
| 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 | $2,766,883 |
| Unsecured mortgages and notes payable | $985,111 |
| Other liabilities | $0 |
| Total liabilities | $4,517,180 |
| Net assets without donor restrictions | $13,970,105 |
| Net assets with donor restrictions | $2,502,855 |
| 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 | $20,990,140 |