Phoenix Advantage Charter School

IRS exemption revoked

Phoenix, AZUnknown exempt organization EIN 04-3309215Revenue $2.9M in FY2022

On file with the IRSphoenixadvantage.org3738 N 16th Street · Phoenix, AZ

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The School's mission is to prepare students for the choices and challenges in a complex world.

86¢ of each $1 spent went to programs.
Run by 5 volunteers and 39 employees.
Mission: Form 990 Part I, line 1 · Programs: Part IX · People: Part I, lines 5–6

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FY2022 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
Revoked
IRS exemption revoked
Concern: the IRS revoked its tax exemption.
IRS Auto-Revocation List
Latest return
FY2022
latest Form 990
Worth a look: the latest return is for FY2022, 4 tax years back; more than 3 tax years.
IRS e-file · Filing history
Surplus or deficit
1 of 3
filings with a surplus
Average deficit $77K a year · 3% of revenue · last 3 filings
Concern: a surplus in 1 of the last 3 filings.
Pt I · Ln 19 · 3 filings
Spent on programs
86%
of spending
Looks good: 86% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$109K
to officers and key staff · 3% of spending
Looks good: pay to officers and key staff is 3% of spending; 15% or less.
Pt VII · Sec A
5 mo
of spending, in cash
Looks good: 4.9 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $16
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$8.5M
135% of total assets
Concern: liabilities are 135% of assets; over 80%.
Pt X · Ln 26
Independent board members
2
of 2 voting members
Looks good: 2 of 2 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$2.9M
-8% vs prior year
Spent
$3.2M
To programs
86%
Net assets
−$2.2M
By yearFY2020–FY2022
Revenue
$2.9M
FY2022▼ -8%
Tap a bar for its year
Revenue by fiscal year
FY2020$2.2M
FY2021$3.1M
FY2022$2.9M
Expenses
$3.2M
FY2022▲ +28%
Tap a bar for its year
Expenses by fiscal year
FY2020$2.6M
FY2021$2.5M
FY2022$3.2M
Net assets
−$2.2M
FY2022▼ -14%
Tap a bar for its year
Net assets by fiscal year
FY2020−$2.5M
FY2021−$1.9M
FY2022−$2.2M

From the FY2022 Form 990 (year ending June 2022) · figures checked against the IRS filing · see the original

990 PDF Claim
IRS revoked this organization's tax-exempt status on November 15, 2025

Is it real?

No. The IRS revoked its tax exemption. Latest filing on record: FY2022.

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

Where the money goes

86 cents of each dollar spent went to programs.

Program services 86% · $2.8M Management & general 14% · $455K

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

3 people listed on the 990; $109K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2021); the FY2022 filing did not itemize Part VII
Principal/Superintendent
$109,409Pt VII · Sec A
Board Chair
$0Pt VII · Sec A
$0Pt VII · Sec A

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

NameFY2022FY2021FY2020
Rochelle Elliot$109,409$93,034$89,315

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 15aYes

Programs and updates

Prepares students for complex world choices and challenges.

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Provided by the organization

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1 program · $2.8M · in their own filed words · FY2021
01

Phoenix Advantage Charter School operated a charter school in the State of Arizona and served students in kindergarten through eighth grade.

$2.8Mprogram 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 · FY2023
Total grants receivedfrom 1 funder$16

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$2.9M
Ln 12
Gifts and grantsLn 1h$2.8M
Other incomeLn 4–11$36K
Investment incomeLn 3$338
Money outPt IX
$3.2M
Ln 25
Programscol B$2.8M
Managementcol C$455K
Owns and owesPt X
−$2.2M
net assets · Ln 32
Cash and savingsLn 1–2$1.3M
Total assetsLn 16$6.3M
LiabilitiesLn 26$8.5M
PeoplePt VI, VII
3
listed · VII A
PaidVII A1
Voting boardVI 1a2
IndependentVI 1b2
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$2.8M
Government grantsLn 1e$2.8M
Investment incomeLn 3$338
Other incomeLn 4–11$36K
Total revenueLn 12$2.9M
Assets in detailPt X, end of year
CashLn 1$750K
SavingsLn 2$570K
Cash and savings togetherLn 1–2$1.3M
Land, buildings, equipmentLn 10c$4.9M
Total assetsLn 16$6.3M
LiabilitiesLn 26$8.5M
Net assetsLn 32−$2.2M
OperationsPt I, VI
EmployeesI 539
VolunteersI 65
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$1.2M$1.3M
Land, buildings, equipmentLn 10c$5.2M$4.9M
Total assetsLn 16$6.8M$6.3M
LiabilitiesLn 26$8.7M$8.5M
Net assetsLn 32−$1.9M−$2.2M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$189K$95K$95K$0
Other salaries and wagesLn 7$1.0M$930K$88K$0
Other employee benefitsLn 9$106K$103K$3K$0
Payroll taxesLn 10$89K$76K$13K$0
Legal feesLn 11b$90K$0$90K$0
Accounting feesLn 11c$97K$0$97K$0
Other fees for servicesLn 11g$332K$315K$17K$0
Advertising and promotionLn 12$4K$0$4K$0
Office expensesLn 13$227K$181K$46K$0
Information technologyLn 14$68K$67K$1K$0
OccupancyLn 16$529K$529K$0$0
TravelLn 17$172K$172K$0$0
Depreciation, depletion and amortizationLn 22$292K$292K$0$0
InsuranceLn 23$18K$18K$0$0
Other expenses (24a–d)Ln 24$1K$333$914$0
All other expensesLn 24e$9K$8K$1K$0
Total functional expensesLn 25$3.2M$2.8M$455K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2022 Latest Viewing $2.9M$3.2M−$374K−$2.2M 990 PDF
FY2021 $3.1M$2.5M$575K−$1.9M 990 PDF
FY2020 $2.2M$2.6M−$432K−$2.5M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants O · Explanations
See the full FY2022 990 (6 parts)
Part I · Summary $2,866,445 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $3,107,525$2,829,729
I-9 Program service revenue$0
I-10 Investment incomePrior year $195$338
I-11 Other revenuePrior year $8,524$36,378
I-12 Total revenuePrior year $3,116,244$2,866,445
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $1,138,754$1,402,030
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $1,402,277$1,838,756
I-18 Total expensesPrior year $2,541,031$3,240,786
I-19 Revenue less expensesPrior year $575,213−$374,341
Part VI · Governance 2 of 2 board members independent, 1 to look at
VI-1a Voting members of the governing body2
VI-1b Independent voting members2
VI-13 Written whistleblower policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $2,866,445 across 6 lines filed
VIII-1e Government grants$2,819,328
VIII-1f All other contributions, gifts and grants$10,401
VIII-1h Total contributions, gifts and grants$2,829,729
VIII-3 Investment incomeUnrelated business $0 · Excluded from tax $0$338
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $36,378 · Unrelated business $0 · Excluded from tax $0$36,378
VIII-12 Total revenueRelated to mission $36,716 · Unrelated business $0 · Excluded from tax $0$2,866,445
Part IX · Statement of functional expenses $3,240,786 across 16 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $94,503 · Management $94,502 · Fundraising $0$189,005
IX-7 Other salaries and wagesPrograms $930,035 · Management $87,714 · Fundraising $0$1,017,749
IX-9 Other employee benefitsPrograms $103,113 · Management $2,850 · Fundraising $0$105,963
IX-10 Payroll taxesPrograms $76,335 · Management $12,978 · Fundraising $0$89,313
IX-11b Legal feesPrograms $0 · Management $90,040 · Fundraising $0$90,040
IX-11c Accounting feesPrograms $0 · Management $96,654 · Fundraising $0$96,654
IX-11g Other fees for servicesPrograms $314,803 · Management $16,794 · Fundraising $0$331,597
IX-12 Advertising and promotionPrograms $0 · Management $4,440 · Fundraising $0$4,440
IX-13 Office expensesPrograms $181,258 · Management $45,604 · Fundraising $0$226,862
IX-14 Information technologyPrograms $66,517 · Management $1,038 · Fundraising $0$67,555
IX-16 OccupancyPrograms $528,894 · Management $0 · Fundraising $0$528,894
IX-17 TravelPrograms $172,274 · Management $0 · Fundraising $0$172,274
IX-22 Depreciation, depletion and amortizationPrograms $291,898 · Management $0 · Fundraising $0$291,898
IX-23 InsurancePrograms $18,326 · Management $0 · Fundraising $0$18,326
IX-24 Other expenses (24a–d)Programs $333 · Management $914 · Fundraising $0$1,247
IX-24e All other expensesPrograms $7,937 · Management $1,032 · Fundraising $0$8,969
IX-25 Total functional expensesPrograms $2,786,226 · Management $454,560 · Fundraising $0$3,240,786
Part X · Balance sheet $6,267,078 assets, 14 lines filed
X-1 Cash, non-interest-bearingStart of year $920,955$749,503
X-2 Savings and temporary cash investmentsStart of year $281,975$570,395
X-10c Land, buildings and equipment, netStart of year $5,204,982$4,947,180
X-16 Total assetsStart of year $6,755,365$6,267,078
X-17 Accounts payable and accrued expensesStart of year $341,602$243,454
X-19 Deferred revenue$1,283
X-20 Tax-exempt bond liabilitiesStart of year $7,152,381$6,803,471
X-24 Unsecured notes and loans payableStart of year $1,019,924$1,353,032
X-25 Other liabilitiesStart of year $154,453$50,333
X-26 Total liabilitiesStart of year $8,668,360$8,451,573
X-27 Net assets without donor restrictionsStart of year −$1,914,278−$2,363,189
X-28 Net assets with donor restrictionsStart of year $1,283$178,694
X-32 Total net assets or fund balancesStart of year −$1,912,995−$2,184,495
X-33 Total liabilities and net assetsStart of year $6,755,365$6,267,078
Part XI · Reconciliation of net assets −$2,184,495 net assets at year end
XI-1 Total revenue$2,866,445
XI-2 Total expenses$3,240,786
XI-3 Revenue less expenses−$374,341
XI-4 Net assets at start of year−$1,912,995
XI-9 Other changes in net assets$102,841
XI-10 Net assets at end of year−$2,184,495

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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