Phoenix Academy Day School

Omaha, NE · Public charity (501(c)(3)) · Since 1991 · Education

✓ Tax-deductible
Revenue
$2.1M
+16% vs prior year
Spent
$2.1M
To programs
86%
Net assets
$6.6M
By yearFY2020–FY2024
Revenue
$2.1M
FY2024▲ +16%
Revenue by fiscal year
FY2020$1.2M
FY2021$1.3M
FY2022$1.4M
FY2023$4.0M
FY2024$1.8M
FY2024$2.1M
Expenses
$2.1M
FY2024▲ +11%
Expenses by fiscal year
FY2020$1.4M
FY2021$1.4M
FY2022$1.5M
FY2023$1.6M
FY2024$1.9M
FY2024$2.1M
Net assets
$6.6M
FY2024+0.02%
Net assets by fiscal year
FY2020$4.2M
FY2021$4.2M
FY2022$4.1M
FY2023$6.5M
FY2024$6.6M
FY2024$6.6M

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

Status and standing

Is it real, and can you give to it?

Tax-deductible?
Yes
Per the IRS master file.
Can I give now?
No revocation on IRS record
Not on the IRS revocation list.
Filing up to date?
Filed FY2024 (typical filing lag)
Legal name (IRS)Hdr · item CPhoenix Academy Day School
EINHdr · item D02-0732028
Exempt statusHdr · item I501(c)(3) · active
Ruling yearIRS BMFAug 2005
Year of formationHdr · item L1991
Latest filingForm 990FY2024 · Form 990
Principal addressHdr · item COmaha, NE
NTEE classificationIRS BMFEducation (B244)
WebsiteHdr · item Jphoenixacademyomaha.org

Where the money goes

What each dollar paid for.

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.86 Management & general $0.07 Fundraising $0.07
Program services86%$1.8M
Management & general7%$153K
Fundraising7%$152K
Total functional expensesLn 25$2.1M

Financial health

Is it on solid ground?

Program efficiency
86%
of spending reaches programs▼ -4% vs prior filing year
Operating runway
21.2mo
months of highly liquid reserves at operating expense rate▼ -8% vs prior filing year
Surplus margin
-0.4%
revenue over expenses, this year▲ +91% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Total assets
$6.7M
FY2024+0.4%
Total assets by fiscal year
FY2020$4.2M
FY2021$4.2M
FY2022$4.1M
FY2023$6.6M
FY2024$6.7M
FY2024$6.7M
Total liabilities
$104K
FY2024▲ +27%
Total liabilities by fiscal year
FY2020$20K
FY2021$47K
FY2022$47K
FY2023$65K
FY2024$81K
FY2024$104K
Revenue less expensesPt I · Ln 19−$9K
Total assetsPt X · Ln 16$6.7M
Program-expense ratioPt IX · col B86%
Voting members of governing bodyPt I · Ln 318
Independent voting membersPt I · Ln 418

Balance Sheet

Part X · end of year
CashLn 1$770K
Total assetsLn 16$6.7M
Total liabilitiesLn 26$104K
Total net assetsLn 32$6.6M
Months of cash on handcomputed4.3

Statement of Revenue

Part VIII
Contributions & grants$1.4M · 65%
Program service revenue$380K · 18%
Investment income$229K · 11%
Other revenue$128K · 6%
Contributions & grants65%$1.4M
Program service revenue18%$380K
Investment income11%$229K
Other revenue6%$128K
Total revenueLn 12$2.1M

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $3.8M · Operating expenses/yr $2.1M
21.2 months
Where the money goes
Program services
Program services $1.8M · Total expenses $2.1M
86%
Management & General
Management & general $153K · Total expenses $2.1M
7%
Fundraising
Fundraising $152K · Total expenses $2.1M
7%
Cost to raise $1
Fundraising expense (3-yr avg) $100K · Solicited contributions (3-yr avg) $2.1M
$0.05 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $1.4M · Total revenue $2.1M
65%
Government reliance
Government grants — · Total revenue $2.1M
—
Earned-income share
Program service revenue $380K · Total revenue $2.1M
18%
Investment reliance
Investment income $229K · Total revenue $2.1M
+11%
Program self-sufficiency
Program service revenue $380K · Total expenses $2.1M
18%
Growth & trend
Revenue growth (YoY)
This year $2.1M · Prior year $1.8M
+16%
Revenue CAGR
FY2019 $1.2M · FY2024 $2.1M
+12%
Net-asset trend (YoY)
End of year $6.6M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $2.1M · Expenses $2.1M
-0.4%
Liabilities-to-Assets
Total liabilities — · Total assets $6.7M
—
Net-asset ratio
Net assets $6.6M · Total assets $6.7M
98%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $3.0M · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $6.7M
44%
People & payroll
Highest Reported Total Compensation
Individual Nancy Liebermann · Reported title EXECUTIVE DIRECTOR · Highest reported compensation $125K · Total expenses $2.1M
6%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $1.5M · Total expenses $2.1M
70%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 86%——
Overhead ratio 7%——
Fundraising cost ratio 11%——
Revenue growth 16%——

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Leadership and pay

Who runs it, and what are they paid?

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Executive Director
$125,000Pt VII · Sec A
President
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A

Nancy Liebermann’s $125K as Executive Director is at the 49th percentile of top reported officer pay among 3394 $1–10M education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2024FY2024FY2023FY2022FY2021FY2020
Nancy Liebermann$125,000$105,769$100,000$100,000$100,000$103,000

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Governance & Policies

Part VI
  • 18Voting board membersPt VI · Ln 1a
  • 18Independent board membersPt VI · Ln 1b
  • Conflict-of-interest policyPt VI · Ln 12aYes
  • Whistleblower policyPt VI · Ln 13No
  • Document retention policyPt VI · Ln 14Yes
  • Top official’s pay independently reviewedPt VI · Ln 15aYes
  • Family or business ties among leadersPt VI · Ln 2Yes

Mission and programs

What it does.

Helps students with learning differences succeed academically and in life.

Provided by the organization

This section is blank until Phoenix Academy Day School claims this page.

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Mission & Programs · Part III

Where the work happens

1 program service account for $1.8M of program spending, described in the organization's own filed words · FY2024.
01

K-8 alternative education to aid children who are not achieving at grade level in reading and mathematics. Phoenix academy day school was able to serve over 120 students by providing them the skills and confidence to return to the regular school system.

$1.8Mprogram expense

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Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 2 funders$575K

Filing history

Every return on file.

YearRevenueExpensesChangeFiling
FY2024 $1.8M$1.9M-54% 990 PDF
FY2023 $4.0M$1.6M+176% 990 PDF
FY2022 $1.4M$1.5M+10% 990 PDF
FY2021 $1.3M$1.4M+11% 990 PDF
FY2020 $1.2M$1.4M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash

Not shown yet: ratings, outcomes, and peer benchmarks. A Form 990 doesn’t report them.

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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