Phoenix Charter Academy Foundation
- Assets
- $1.9m
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 0
- Location
- Boston, MA
- Founding
- 01/2009
- Data as of
- 06/2021
- EIN
- 20-4761182
Organization Overview
Phoenix Charter Academy Foundation is located in Boston, MA. The organization was established in 2009. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Phoenix Charter Academy Foundation 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 Charter Academy Foundation generated $1.1m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (4.1%) each year. All expenses for the organization totaled $570.9k during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (16.5%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Phoenix Charter Academy Foundation has awarded 21 individual grants totaling $11,642,029. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE SUPPORT TO THE PHOENIX CHARTER ACADEMY NETWORK.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE PHOENIX CHARTER ACADEMY FOUNDATION SUPPORTS THE PHOENIX CHARTER ACADEMY NETWORK, WHICH INCLUDES THREE HIGH SCHOOLS IN CHELSEA, LAWRENCE, AND SPRINGFIELD. EACH SCHOOL RECEIVES SUPPORT FROM THE CHARTER MANAGEMENT ORGANIZATION (CMO) OFFICE IN COORDINATING ACADEMICS, TALENT AND RECRUITMENT, AND STUDENT SUPPORT. THIS ALIGNMENT ALLOWS PHOENIX TO DELIVER ITS MODEL WITH FIDELITY ACROSS MASSACHUSETTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James Stanzler President | OfficerTrustee | 0.3 | $0 |
Lauren Baker Member | Trustee | 0.3 | $0 |
Greg Susco Member | Trustee | 0.3 | $0 |
Paul Stezler Member | Trustee | 0.3 | $0 |
Joshua Kraft Member | Trustee | 0.3 | $0 |
Asia Webber Member | Trustee | 0.3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $48,519 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,079,577 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,128,096 |
| Total Program Service Revenue | $0 |
| Investment income | $2,910 |
| 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 | $1,131,006 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $568,419 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| 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 | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| 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 | $0 |
| Insurance | $617 |
| All other expenses | $0 |
| Total functional expenses | $570,941 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $500 |
| Savings and temporary cash investments | $1,715,824 |
| Pledges and grants receivable | $141,519 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,857,843 |
| Accounts payable and accrued expenses | $0 |
| 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 | $173,098 |
| Total liabilities | $173,098 |
| Net assets without donor restrictions | $1,139,280 |
| Net assets with donor restrictions | $545,465 |
| 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 | $1,857,843 |
Grants Awarded
Over the last fiscal year, Phoenix Charter Academy Foundation has awarded $568,419 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
PHOENIX ACADEMY CHARTER PUBLIC HIGH SCHOOL CHELSEA PURPOSE: TO PROVIDE SUPPORT TO PHOENIX CHARTER ACADEMY, CHELSEA AND PHOENIX CHARTER ACADEMY NETWORK. | $473,813 |
PPHOENIX ACADEMY CHARTER PUBLIC HIGH SCHOOL LAWRENCE PURPOSE: TO PROVIDE SUPPORT TO PHOENIX CHARTER ACADEMY-LAWRENCE | $68,438 |
PHOENIX ACADEMY CHARTER PUBLIC HIGH SCHOOL SPRINGFIELD PURPOSE: TO PROVIDE SUPPORT TO PHOENIX CHARTER ACADEMY-SPRINGFIELD. | $26,168 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Phoenix Charter Academy Foundation has recieved totaling $129,435.
| Awarding Organization | Amount |
|---|---|
Essex County Community Foundation Incorporated Danvers, MA | | $69,435 |
Cabot Family Charitable Tr Boston, MA PURPOSE: EXEMPT PURPOSES | $25,000 |
American Tower Charitable Foundation Inc Boston, MA PURPOSE: GENERAL PURPOSE | $25,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Hansjorg Wyss Institute For Biologically Inspired Engineering Boston, MA | $178,608,152 | $47,853,271 |
Stony Brook Foundation Inc Stony Brook, NY | $732,698,663 | $129,247,386 |
University Of Connecticut Foundation Incorporated Storrs, CT | $744,628,423 | $150,826,250 |
University At Buffalo Foundation Inc Buffalo, NY | $1,104,161,290 | $45,943,366 |
Americans For Ben-Gurion University Inc New York, NY | $873,598,749 | $105,090,161 |
Trustees For Harvard University Cambridge, MA | $1,524,141,919 | $57,204,982 |
The University Of Rhode Island Foundation & Alumni Engagement Kingston, RI | $283,152,721 | $40,864,874 |
Anderson Center Services Inc Staatsburg, NY | $47,866,926 | $36,341,767 |
University Of New Hampshire Foundation Incorporated Durham, NH | $251,217,834 | $34,299,189 |
Harvard Private Capital Realty Inc Boston, MA | $2,527,458,180 | $415,073,812 |
Faculty-Student Assoc Of State University Of Ny At Stony Brook Stony Brook, NY | $54,956,974 | $31,334,535 |
University Of Massachusetts Foundation Inc Boston, MA | $842,030,994 | $57,111,837 |