Phoenix Employment Services Of Wilmington Inc
- Assets
- $1.4m
- Revenue
- $1.8m
- Investments
- $0.0
- Employees
- 19
- Location
- Wilmington, NC
- Founding
- 02/2003
- Data as of
- 06/2023
- EIN
- 54-2074778
Organization Overview
Phoenix Employment Services Of Wilmington Inc is located in Wilmington, NC. The organization was established in 2003. According to its NTEE Classification (J21) the organization is classified as: Vocational Counseling, under the broad grouping of Employment and related organizations. As of 06/2023, Phoenix Employment Services Of Wilmington Inc employed 19 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Phoenix Employment Services Of Wilmington 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 06/2023, Phoenix Employment Services Of Wilmington Inc generated $1.8m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 23.3% each year . All expenses for the organization totaled $1.7m during the year ending 06/2023. While expenses have increased by 21.5% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
PHOENIX EMPLOYMENT SERVICES, INC. (DBA STEPUP WILMINGTON) SEEKS TO EMPOWER INDIVIDUALS TO REACH THEIR POTENTIAL AND LEAD STABLE LIVES THROUGH SATISFYING WORK. STEPUP WILMINGTON'S VISION IS TO CREATE A COMMUNITY OF PROSPERITY AND HOPE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN FISCAL YEAR 2022/23, STEPUP WILMINGTON SERVED MORE THAN 400 INDIVIDUALS AND PLACED 263 JOBS. STEPUPS OPERATIONS RETURNED TO FULLY IN-PERSON TRAINING FOR ITS JOB AND STEP2 PROGRAMS, THE LATTER OF WHICH WAS REBRANDED TO CAREERUP DURING THE FISCAL YEAR, FOCUSING MORE ON DEVELOPING CAREERS FOR STEPUP CANDIDATES. IN FY 2022/23, STEPUP CONTINUED TO BUILD AND GROW BEYOND TALENT, ITS SOCIAL ENTERPRISE STAFFING INITIATIVE ACTING AS THE PRIMARY JOB PLACEMENT DIVISION FOR STEPUPS JOB READY CANDIDATES. BEYOND TALENT MAINTAINS 30 CONTRACTS IN THE CAPE FEAR REGION AND PLACED 24 CANDIDATES INTO JOBS WITH AN AVERAGE WAGE OF OVER $15/HOUR. IN ADDITION, THE PLACEMENTS GENERATED AN EMPLOYER-PAID FEE FOR THE ORGANIZATION. BEYOND TALENT LEVERAGES THE ORGANIZATIONS EXISTING BASE OF BUSINESS PARTNERS AND STRONG WORKFORCE SERVICES TO PROVIDE OPPORTUNITIES FOR ITS PROGRAM PARTICIPANTS IN THE BROADER JOBS MARKET. FY 2022/23 WAS THE SECOND YEAR OF OPERATIONS FOR ITS RESTORATIVE OPPORTUNITY INTERNSHIPS (ROI) PROGRAM. THIS INITIATIVE FOCUSES ON INTERNSHIPS FOR TEENS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Will Rikard Executive Dir. | Officer | 40 | $107,220 |
Meghan Cowan President | OfficerTrustee | 3 | $0 |
Riley Stephenson Treasurer | OfficerTrustee | 3 | $0 |
Tanya Armour Director | Trustee | 1 | $0 |
Katharine Barrak Director | Trustee | 1 | $0 |
Joe Conway Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $390,354 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,172,623 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,562,977 |
| Total Program Service Revenue | $188,149 |
| Investment income | $11,762 |
| 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 | $1,762,888 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $158,250 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $108,010 |
| Compensation of current officers, directors, key employees. | $5,400 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $754,427 |
| Pension plan accruals and contributions | $21,112 |
| Other employee benefits | $89,607 |
| Payroll taxes | $69,009 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $22,816 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $36,458 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $4,360 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $4,043 |
| Royalties | $0 |
| Occupancy | $82,178 |
| 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 | $20,528 |
| Insurance | $6,947 |
| All other expenses | $0 |
| Total functional expenses | $1,660,241 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $15,952 |
| Savings and temporary cash investments | $752,839 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $382,808 |
| 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 | $6,500 |
| Net Land, buildings, and equipment | $97,505 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $102,907 |
| Total assets | $1,358,511 |
| Accounts payable and accrued expenses | $19,086 |
| Grants payable | $0 |
| Deferred revenue | $327,757 |
| 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 | $165,346 |
| Total liabilities | $512,189 |
| Net assets without donor restrictions | $846,322 |
| 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 | $1,358,511 |