Phoenix Academy
- Assets
- $1.7m
- Revenue
- $2.0m
- Investments
- $0.0
- Employees
- 50
- Location
- North Branch, MN
- Founding
- 03/2017
- Data as of
- 06/2023
- EIN
- 81-2964842
Organization Overview
Phoenix Academy is located in North Branch, MN. The organization was established in 2017. According to its NTEE Classification (B29) the organization is classified as: Charter Schools, under the broad grouping of Education and related organizations. As of 06/2023, Phoenix Academy employed 50 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Phoenix Academy 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 Academy generated $2.0m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 50.5% each year . All expenses for the organization totaled $1.8m during the year ending 06/2023. While expenses have increased by 49.4% per year over the past 7 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
OFFER A CURRICULUM THAT IS MORE EXPERIENTIAL AND PERSONALLY APPEALING TO STUDENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE PHOENIX ACADEMY OF ART AND SCIENCE IS A PUBLIC CHARTER SCHOOL THAT IS TUITION FREE AND SERVES STUDENTS IN GRADES K-6. THE PHOENIX ACADEMY OF ART AND SCIENCE HAS AN EMPHASIS IN ART AND SCIENCE TO ENHANCE THE OVERALL LEARNING EXPERIENCE OF THE STUDENTS AND DEVELOP MORE CREATIVE AND WELL-ROUNDED STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Josh Larabee Board Chair | OfficerTrustee | 1 | $0 |
Chris Houston Vice Chair | OfficerTrustee | 1 | $0 |
Wendy Levesseur Secretary | OfficerTrustee | 41 | $0 |
Mary Lindquist Treasurer | OfficerTrustee | 1 | $0 |
Sarah Johnson Member/teacher | Trustee | 41 | $39,186 |
Liana Emery Member/teacher | Trustee | 41 | $29,240 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,898,981 |
| All other contributions, gifts, grants, and similar amounts not included above | $13,930 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,912,911 |
| Total Program Service Revenue | $39,534 |
| Investment income | $243 |
| 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 | -$882 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,956,463 |
| 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. | $184,768 |
| Compensation of current officers, directors, key employees. | $101,072 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $734,861 |
| Pension plan accruals and contributions | $58,723 |
| Other employee benefits | $68,324 |
| Payroll taxes | $64,490 |
| Fees for services: Management | $910 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $76,120 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $121,203 |
| Advertising and promotion | $0 |
| Office expenses | $1,779 |
| Information technology | $57,119 |
| Royalties | $0 |
| Occupancy | $55,912 |
| Travel | $639 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $6,029 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $235,189 |
| Insurance | $15,183 |
| All other expenses | $7,210 |
| Total functional expenses | $1,815,371 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $502,401 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $251,087 |
| 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 | $30,169 |
| Net Land, buildings, and equipment | $36,354 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $856,950 |
| Total assets | $1,676,961 |
| Accounts payable and accrued expenses | $152,344 |
| 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 | $1,486,133 |
| Total liabilities | $1,638,477 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $6,584 |
| Paid-in or capital surplus, or land, building, or equipment fund | $23,521 |
| Retained earnings, endowment, accumulated income, or other funds | $8,379 |
| Total liabilities and net assets/fund balances | $1,676,961 |