Phoenix School INC FY2024 filing

Tax-deductible

Salem, MA501(c)(3)EIN 04-2738785Revenue $562K in FY2024

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.
68¢ of each $1 spent went to programs.
$83K 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

FY2024 · 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
68%
of spending
Fine: 68% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$83K
to officers and key staff · 18% of spending
Fine: pay to officers and key staff is 18% of spending; 15% to 20%.
Pt VII · Sec A
Cash reserves
18 mo
of spending, in cash
Looks good: 18.3 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
$348K
44% of total assets
Looks good: liabilities are 44% of assets; 50% or less.
Pt X · Ln 26
Independent board members
10
of 10 voting members
Looks good: 10 of 10 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$562K
-0.5% vs prior year
Spent
$452K
To programs
68%
Net assets
$439K
By yearFY2021–FY2025
Revenue
$562K
FY2024-0.5%
Tap a bar for its year
Revenue by fiscal year
FY2021$430K
FY2022$483K
FY2023$565K
FY2024$562K
FY2025$660K
Expenses
$452K
FY2024▲ +3%
Tap a bar for its year
Expenses by fiscal year
FY2021$315K
FY2022$363K
FY2023$440K
FY2024$452K
FY2025$549K
Net assets
$439K
FY2024▲ +34%
Tap a bar for its year
Net assets by fiscal year
FY2021$84K
FY2022$204K
FY2023$329K
FY2024$439K
FY2025$550K

From the FY2024 Form 990 (year ending June 2024) · see the original

Form 990 (PDF) Claim
You’re viewing the FY2024 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

68 cents of each dollar spent went to programs.

Program services 68% · $307K Management & general 32% · $143K Fundraising 0% · $2K

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

11 people listed on the 990; $83K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
Head of School
$82,720Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Trustee
$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.

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Provided by the organization

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1 program · $307K · in their own filed words · FY2023
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…

$307Kprogram 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 FY2024 990, line by line.

1The main four
Money inPt VIII
$562K
Ln 12
Fees for servicesLn 2g$483K
Gifts and grantsLn 1h$78K
Investment incomeLn 3$1K
Money outPt IX
$452K
Ln 25
Programscol B$307K
Managementcol C$143K
Fundraisingcol D$2K
Owns and owesPt X
$439K
net assets · Ln 32
Cash and savingsLn 1–2$687K
Total assetsLn 16$787K
LiabilitiesLn 26$348K
PeoplePt VI, VII
11
listed · VII A
PaidVII A1
Voting boardVI 1a10
IndependentVI 1b10
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$78K
Government grantsLn 1e$19K
Fees for servicesLn 2g$483K
Investment incomeLn 3$1K
Gains on assetsLn 7−$13K
Total revenueLn 12$562K
Assets in detailPt X, end of year
CashLn 1$377K
SavingsLn 2$310K
Cash and savings togetherLn 1–2$687K
Land, buildings, equipmentLn 10c$719
Other assetsLn 15$79K
Total assetsLn 16$787K
LiabilitiesLn 26$348K
Net assetsLn 32$439K
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 FY24End FY24
Cash and savingsLn 1–2$533K$687K
Land, buildings, equipmentLn 10c$14K$719
Total assetsLn 16$678K$787K
LiabilitiesLn 26$349K$348K
Net assetsLn 32$329K$439K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$83K$62K$21K
Other salaries and wagesLn 7$178K$123K$54K$361
Pension plan contributionsLn 8$12K$9K$4K
Other employee benefitsLn 9$13K$12K$210
Payroll taxesLn 10$19K$14K$6K$79
Accounting feesLn 11c$8K$8K
Other fees for servicesLn 11g$2K$350$2K
Advertising and promotionLn 12$1K$1K
Office expensesLn 13$12K$4K$8K$123
Information technologyLn 14$3K$1K$1K$486
OccupancyLn 16$52K$41K$11K
TravelLn 17$12K$12K
InterestLn 20$7K$7K
Depreciation, depletion and amortizationLn 22$319$227$89$3
InsuranceLn 23$11K$11K
Other expenses (24a–d)Ln 24$39K$29K$9K$457
Total functional expensesLn 25$452K$307K$143K$2K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $660K$549K$111K$550K 990 PDF
FY2024 Viewing $562K$452K$110K$439K 990 PDF
FY2023 $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 FY2024 990 (6 parts)
Part I · Summary $562,076 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $52,760$77,981
I-9 Program service revenuePrior year $508,204$483,071
I-10 Investment incomePrior year $3,292$1,024
I-11 Other revenuePrior year $398$0
I-12 Total revenuePrior year $564,654$562,076
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $254,962$304,594
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $185,209$146,984
I-18 Total expensesPrior year $440,171$451,578
I-19 Revenue less expensesPrior year $124,483$110,498
Part VI · Governance 10 of 10 board members independent, 1 to look at
VI-1a Voting members of the governing body10
VI-1b Independent voting members10
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 $562,076 across 7 lines filed
VIII-1e Government grants$19,254
VIII-1f All other contributions, gifts and grants$58,727
VIII-1h Total contributions, gifts and grants$77,981
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $483,071$483,071
VIII-3 Investment incomeExcluded from tax $14,190$14,190
VIII-7 Net gain or loss on sales of assetsExcluded from tax −$13,166−$13,166
VIII-12 Total revenueRelated to mission $483,071 · Unrelated business $0 · Excluded from tax $1,024$562,076
Part IX · Statement of functional expenses $451,578 across 16 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $62,040 · Management $20,680$82,720
IX-7 Other salaries and wagesPrograms $122,954 · Management $54,483 · Fundraising $361$177,798
IX-8 Pension plan contributionsPrograms $8,574 · Management $3,525$12,099
IX-9 Other employee benefitsPrograms $12,456 · Management $210$12,666
IX-10 Payroll taxesPrograms $13,591 · Management $5,641 · Fundraising $79$19,311
IX-11c Accounting feesManagement $8,000$8,000
IX-11g Other fees for servicesPrograms $350 · Management $1,508$1,858
IX-12 Advertising and promotionManagement $1,455$1,455
IX-13 Office expensesPrograms $3,754 · Management $8,341 · Fundraising $123$12,218
IX-14 Information technologyPrograms $1,381 · Management $1,236 · Fundraising $486$3,103
IX-16 OccupancyPrograms $41,154 · Management $11,071$52,225
IX-17 TravelPrograms $11,705$11,705
IX-20 InterestManagement $6,643$6,643
IX-22 Depreciation, depletion and amortizationPrograms $227 · Management $89 · Fundraising $3$319
IX-23 InsuranceManagement $10,817$10,817
IX-24 Other expenses (24a–d)Programs $28,942 · Management $9,242 · Fundraising $457$38,641
IX-25 Total functional expensesPrograms $307,128 · Management $142,941 · Fundraising $1,509$451,578
Part X · Balance sheet $786,991 assets, 14 lines filed
X-1 Cash, non-interest-bearingStart of year $433,062$377,098
X-2 Savings and temporary cash investmentsStart of year $100,000$309,803
X-4 Accounts receivableStart of year $16,072$18,511
X-9 Prepaid expenses and deferred chargesStart of year $1,495$1,458
X-10c Land, buildings and equipment, netStart of year $14,271$719
X-15 Other assetsStart of year $113,140$79,402
X-16 Total assetsStart of year $678,040$786,991
X-17 Accounts payable and accrued expensesStart of year $14,940$10,087
X-19 Deferred revenueStart of year $72,728$110,021
X-25 Other liabilitiesStart of year $111,813$77,826
X-26 Total liabilitiesStart of year $349,481$347,934
X-27 Net assets without donor restrictionsStart of year $328,559$439,057
X-32 Total net assets or fund balancesStart of year $328,559$439,057
X-33 Total liabilities and net assetsStart of year $678,040$786,991
Part XI · Reconciliation of net assets $439,057 net assets at year end
XI-1 Total revenue$562,076
XI-2 Total expenses$451,578
XI-3 Revenue less expenses$110,498
XI-4 Net assets at start of year$328,559
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$439,057

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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