Phoenix Institute Inc
- Assets
- $82.9k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Lexington, KY
- Founding
- 11/1985
- Data as of
- 12/2021
- EIN
- 61-1066885
Organization Overview
Phoenix Institute Inc is located in Lexington, KY. The organization was established in 1985. According to its NTEE Classification (F22) the organization is classified as: Substance Abuse Treatment, under the broad grouping of Mental Health & Crisis Intervention and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Phoenix Institute 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 12/2021, Phoenix Institute Inc generated $48.8k 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 (17.3%) each year. All expenses for the organization totaled $47.4k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (16.9%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO OFFER OPPORTUNITIES FOR INDIVIDUALS PERSONAL EMPOWERMENT ENHANCED INTERPERSONAL RELATIONSHIPS PERSONAL SPIRITUAL GROWTH
Describe the Organization's Program Activity:
Part 3
PROVIDING MEETINGS, BOTH FOR FREE AND WITH COST, THAT PROVIDE INDIVIDUALS WITH THE OPPORTUNITY TO LEARN SAMUEL'S TREACHINGS AND HOW TO INCORPORATE THEM INTO THEIR LIVES SO AS TO FACILITATE PERSONAL AND SPIRITUAL GROWTH.
PROVIDE AND MAINTAIN MEETING SPACE TO ALLOW THE ORGANIZATION TO PROVIDE THE SERVICES DESCRIBED IN THE FIRST LISTING.
PROVIDE A LIBRARY FOR PARTICIPANTS TO HAVE AVAILABLE OVER 30 YEARS OF TEACHINGS RELATED TO THE MISSION OF THE ORGANIZATION AND PROVIDE AN INTERNET PRESENCE THAT ALSO BROADCASTS A MONTHLY LIVE WEBCAST
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lea W Schultz President | 3 | $0 | |
Frank Schultz Vice President And Secretary | 1 | $0 | |
David Thomson Treasurer | 5 | $0 | |
Paula Thomson Director | 5 | $0 | |
Steven Smith Director | 1 | $0 | |
Lakshmi Sriraman Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $48,778 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $28 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $48,806 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $18,707 |
| Printing, publications, postage, and shipping | $166 |
| Other expenses | $28,518 |
| Total expenses | $47,391 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $76,117 |
| Other assets | $0 |
| Total assets | $82,868 |
| Total liabilities | $0 |
| Net assets or fund balances | $82,868 |