Phoenix School INC FY2023 filing

Tax-deductible

Salem, MA501(c)(3)EIN 04-2738785Revenue $565K in FY2023

On file with the IRS28 Goodhue Street C2 C3, 01970-2278 · Salem, MATax-exempt since May 1983Publicly supported charity — 170(b)(1)(A)(vi)

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To provide elementary education.

501(c)(3) charity; gifts are tax-deductible.
65¢ of each $1 spent went to programs.
$69K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2023 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 5
filings with a surplus
Average surplus $116K a year · 22% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
65%
of spending
Fine: 65% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$69K
to officers and key staff · 16% of spending
Fine: pay to officers and key staff is 16% of spending; 15% to 20%.
Pt VII · Sec A
Cash reserves
14 mo
of spending, in cash
Looks good: 14.5 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $5K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$349K
52% of total assets
Fine: liabilities are 52% of assets; 50% to 65%.
Pt X · Ln 26
Independent board members
11
of 11 voting members
Looks good: 11 of 11 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$565K
+17% vs prior year
Spent
$440K
To programs
65%
Net assets
$329K
By yearFY2021–FY2025
Revenue
$565K
FY2023▲ +17%
Tap a bar for its year
Revenue by fiscal year
FY2021$430K
FY2022$483K
FY2023$565K
FY2024$562K
FY2025$660K
Expenses
$440K
FY2023▲ +21%
Tap a bar for its year
Expenses by fiscal year
FY2021$315K
FY2022$363K
FY2023$440K
FY2024$452K
FY2025$549K
Net assets
$329K
FY2023▲ +61%
Tap a bar for its year
Net assets by fiscal year
FY2021$84K
FY2022$204K
FY2023$329K
FY2024$439K
FY2025$550K

From the FY2023 Form 990 (year ending June 2023) · see the original

Form 990 (PDF) Claim
You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in May 1983.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

65 cents of each dollar spent went to programs.

Program services 65% · $288K Management & general 33% · $147K Fundraising 1% · $5K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

12 people listed on the 990; $69K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
Head of School
$68,701Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

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

NameFY2025FY2024FY2023FY2022FY2021
Leslie Levesque$87,746$82,720$68,701$64,667$56,230

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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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Offers elementary education to children.

Provided by the organization

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1 program · $288K · in their own filed words · FY2022
01

The mission of The Phoenix School is to develop global citizens who are compassionate, creative, and technologically proficient individuals in a dynamic and interconnected world. Students, teachers, and parents of diverse backgrounds join together to integrate the knowledge, values, and leadership necessary for students to participate…

$288Kprogram expense

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 1 funder$5K

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$565K
Ln 12
Fees for servicesLn 2g$508K
Gifts and grantsLn 1h$53K
Investment incomeLn 3$3K
Money outPt IX
$440K
Ln 25
Programscol B$288K
Managementcol C$147K
Fundraisingcol D$5K
Owns and owesPt X
$329K
net assets · Ln 32
Cash and savingsLn 1–2$533K
Total assetsLn 16$678K
LiabilitiesLn 26$349K
PeoplePt VI, VII
12
listed · VII A
PaidVII A1
Voting boardVI 1a11
IndependentVI 1b11
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$53K
Fees for servicesLn 2g$508K
Investment incomeLn 3$3K
Other incomeLn 4–11$398
Total revenueLn 12$565K
Assets in detailPt X, end of year
CashLn 1$533K
Cash and savings togetherLn 1–2$533K
Land, buildings, equipmentLn 10c$14K
Other assetsLn 15$113K
Total assetsLn 16$678K
LiabilitiesLn 26$349K
Net assetsLn 32$329K
OperationsPt I, VI
EmployeesI 54
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$404K$533K
Land, buildings, equipmentLn 10c$15K$14K
Total assetsLn 16$447K$678K
LiabilitiesLn 26$243K$349K
Net assetsLn 32$204K$329K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$69K$52K$17K
Other salaries and wagesLn 7$148K$107K$40K$1K
Pension plan contributionsLn 8$10K$7K$3K
Other employee benefitsLn 9$13K$13K$9
Payroll taxesLn 10$16K$11K$4K$83
Accounting feesLn 11c$14K$14K
Other fees for servicesLn 11g$1K$1K$367$14
Advertising and promotionLn 12$2K$2K$81
Office expensesLn 13$15K$3K$12K$352
Information technologyLn 14$8K$2K$5K$1K
OccupancyLn 16$51K$41K$10K
TravelLn 17$18K$18K
InterestLn 20$15K$15K
Depreciation, depletion and amortizationLn 22$10K$8K$3K$103
InsuranceLn 23$10K$10K
Other expenses (24a–d)Ln 24$39K$26K$11K$2K
Total functional expensesLn 25$440K$288K$147K$5K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $660K$549K$111K$550K 990 PDF
FY2024 $562K$452K$110K$439K 990 PDF
FY2023 Viewing $565K$440K$124K$329K 990 PDF
FY2022 $483K$363K$120K$204K 990 PDF
FY2021 $430K$315K$116K$84K 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
See the full FY2023 990 (6 parts)
Part I · Summary $564,654 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $49,263$52,760
I-9 Program service revenuePrior year $425,921$508,204
I-10 Investment incomePrior year $675$3,292
I-11 Other revenuePrior year $7,242$398
I-12 Total revenuePrior year $483,101$564,654
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $226,559$254,962
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $136,611$185,209
I-18 Total expensesPrior year $363,170$440,171
I-19 Revenue less expensesPrior year $119,931$124,483
Part VI · Governance 11 of 11 board members independent, 1 to look at
VI-1a Voting members of the governing body11
VI-1b Independent voting members11
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $564,654 across 6 lines filed
VIII-1f All other contributions, gifts and grants$52,760
VIII-1h Total contributions, gifts and grants$52,760
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $508,204$508,204
VIII-3 Investment incomeExcluded from tax $3,292$3,292
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $398$398
VIII-12 Total revenueRelated to mission $508,602 · Unrelated business $0 · Excluded from tax $3,292$564,654
Part IX · Statement of functional expenses $440,171 across 16 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $51,526 · Management $17,175$68,701
IX-7 Other salaries and wagesPrograms $106,587 · Management $39,998 · Fundraising $1,070$147,655
IX-8 Pension plan contributionsPrograms $7,132 · Management $2,748$9,880
IX-9 Other employee benefitsPrograms $12,830 · Management $9$12,839
IX-10 Payroll taxesPrograms $11,481 · Management $4,323 · Fundraising $83$15,887
IX-11c Accounting feesManagement $14,500$14,500
IX-11g Other fees for servicesPrograms $1,106 · Management $367 · Fundraising $14$1,487
IX-12 Advertising and promotionManagement $1,909 · Fundraising $81$1,990
IX-13 Office expensesPrograms $2,900 · Management $12,166 · Fundraising $352$15,418
IX-14 Information technologyPrograms $2,027 · Management $4,878 · Fundraising $1,217$8,122
IX-16 OccupancyPrograms $41,041 · Management $10,230$51,271
IX-17 TravelPrograms $18,046$18,046
IX-20 InterestManagement $15,394$15,394
IX-22 Depreciation, depletion and amortizationPrograms $7,506 · Management $2,673 · Fundraising $103$10,282
IX-23 InsuranceManagement $10,179$10,179
IX-24 Other expenses (24a–d)Programs $25,568 · Management $10,886 · Fundraising $2,066$38,520
IX-25 Total functional expensesPrograms $287,750 · Management $147,435 · Fundraising $4,986$440,171
Part X · Balance sheet $678,040 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $403,839$533,062
X-4 Accounts receivableStart of year $24,864$16,072
X-9 Prepaid expenses and deferred chargesStart of year $205$1,495
X-10c Land, buildings and equipment, netStart of year $15,165$14,271
X-15 Other assetsStart of year $2,900$113,140
X-16 Total assetsStart of year $446,973$678,040
X-17 Accounts payable and accrued expensesStart of year $7,451$14,940
X-19 Deferred revenueStart of year $85,446$72,728
X-25 Other liabilities$111,813
X-26 Total liabilitiesStart of year $242,897$349,481
X-27 Net assets without donor restrictionsStart of year $204,076$328,559
X-32 Total net assets or fund balancesStart of year $204,076$328,559
X-33 Total liabilities and net assetsStart of year $446,973$678,040
Part XI · Reconciliation of net assets $328,559 net assets at year end
XI-1 Total revenue$564,654
XI-2 Total expenses$440,171
XI-3 Revenue less expenses$124,483
XI-4 Net assets at start of year$204,076
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$328,559

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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