Phoenix Education Network Inc
- Assets
- $24.8m
- Revenue
- $83.0k
- Investments
- $0.0
- Employees
- 2
- Location
- Naples, FL
- Founding
- Data as of
- 06/2021
- EIN
- 84-2776904
Organization Overview
Phoenix Education Network Inc, operating under the name Naples Classical Academy, is located in Naples, FL. According to its NTEE Classification (B29) the organization is classified as: Charter Schools, under the broad grouping of Education and related organizations. As of 06/2021, Naples Classical Academy employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Naples Classical Academy is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO TRAIN THE MINDS AND IMPROVE THE HEARTS OF YOUNG PEOPLE THROUGH A CONTENT-RICH CLASSICAL EDUCATION IN THE LIBERAL ARTS AND SCIENCES, WITH INSTRUCTION IN THE PRINCIPLES OF MORAL CHARACTER AND CIVIC VIRTUE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO TRAIN THE MINDS AND IMPROVE THE HEARTS OF YOUNG PEOPLE THROUGH A CONTENT-RICH CLASSICAL EDUCATION IN THE LIBERAL ARTS AND SCIENCES, WITH INSTRUCTION IN THE PRINCIPLES OF MORAL CHARACTER AND CIVIC VIRTUE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Matthew Mathias Chairman | Trustee | 1 | $0 |
Derrick Ayers Vice-Chairman | Trustee | 1 | $0 |
Holly Raass Miller Secretary | Trustee | 1 | $0 |
Tim Hall Treasurer | Trustee | 1 | $0 |
Mark Russo Director | Trustee | 1 | $0 |
William Truog Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
The Optima Foundation Management | 6/29/21 | $150,000 |
Summit Construction Group Construction | 6/29/21 | $3,766,698 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $66,681 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $12,301 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $78,982 |
| Total Program Service Revenue | $3,575 |
| Investment income | $404 |
| 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 | $82,961 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $82,960 |
| Pension plan accruals and contributions | $2,526 |
| Other employee benefits | $6,675 |
| Payroll taxes | $7,082 |
| Fees for services: Management | $150,000 |
| Fees for services: Legal | $37,881 |
| 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 | $14,830 |
| Advertising and promotion | $15,905 |
| Office expenses | $0 |
| Information technology | $12,856 |
| Royalties | $0 |
| Occupancy | $13,249 |
| Travel | $4,767 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $368,978 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $7,913 |
| Insurance | $560 |
| All other expenses | $0 |
| Total functional expenses | $765,401 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $364,160 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| 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 | $2,833 |
| Net Land, buildings, and equipment | $5,072,873 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $603,486 |
| Other assets | $18,707,831 |
| Total assets | $24,751,183 |
| Accounts payable and accrued expenses | $192,557 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $23,150,000 |
| 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 | $600,000 |
| Other liabilities | $1,530,000 |
| Total liabilities | $25,472,557 |
| Net assets without donor restrictions | -$721,374 |
| 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 | $24,751,183 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Phoenix Education Network Inc has recieved totaling $10,000.
| Awarding Organization | Amount |
|---|---|
Community Foundation For Nantucket Nantucket, MA PURPOSE: EDUCATION | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Southwest Charter Foundation Inc Fort Lauderdale, FL | $116,504,611 | $61,802,178 |
Advantage Academy Of Hillsborough Inc Coral Springs, FL | $185,732,767 | $61,697,931 |
Doral Academy Inc Miami, FL | $78,216,564 | $49,667,670 |
Lake Wales Charter Schools Lake Wales, FL | $35,506,108 | $45,984,784 |
Drew Charter School Inc Atlanta, GA | $34,692,137 | $41,952,542 |
River City Education Services Jacksonville, FL | $97,321,758 | $40,759,077 |
Georgia Connections Academy Charter School Inc Duluth, GA | $22,514,475 | $38,349,918 |
Mater Academy Central Inc Kissimmee, FL | $56,599,415 | $27,041,064 |
Kindezi School Inc Atlanta, GA | $19,750,427 | $21,363,051 |
Discovery Education Services Inc Orlando, FL | $22,168,948 | $29,305,548 |
Floridians For Quality Virtual Education Inc Tampa, FL | $7,270,958 | $27,629,122 |
Slam Florida Inc Miami, FL | $54,805,051 | $25,153,035 |