Phoenix Institute INC

Fort Wayne, INUnknown exempt organizationEIN 35-2010025Revenue $718K in FY2020

On file with the IRS13113 Drayton Pkwy · Fort Wayne, IN

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To provide foster care service

56¢ of each $1 spent went to programs.
$410K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Programs: Part IX · Pay: Part VII

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
Latest return
FY2020
latest Form 990
Concern: the latest return is for FY2020, 6 tax years back; more than 4 tax years.
IRS e-file · Filing history
Spent on programs
56%
of spending
Worth a look: 56% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$410K
to officers and key staff · 34% of spending
Concern: pay to officers and key staff is 34% of spending; over 30%.
Pt VII · Sec A
Liabilities
$0
total owed
No data yet: the filing does not give total assets.
Pt X · Ln 26
Independent board members
4
of 4 voting members
Looks good: 4 of 4 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$718K
Spent
$1.2M
To programs
56%
Net assets
$0

From the FY2020 Form 990 (year ending September 2020) · see the original

Form 990 (PDF) Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2020.

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

Where the money goes

56 cents of each dollar spent went to programs.

Program services 56% · $675K Management & general 44% · $520K

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

6 people listed on the 990; $410K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Di
$257,622Pt VII · Sec A
Dir. of Oper
$152,385Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
President
$0Pt VII · Sec A
$0Pt VII · Sec A
See Phoenix Institute INC executive salaries →

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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

Phoenix Institute INC is a nonprofit organization based in Fort Wayne, IN.

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Provided by the organization

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1 program · $675K · in their own filed words · FY2020
01

The purpose of the organization is to provide foster care services to wards of the state by court order

$675Kprogram expense

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$718K
Ln 12
Fees for servicesLn 2g$718K
Investment incomeLn 3$329
Gifts and grantsLn 1h$42
Money outPt IX
$1.2M
Ln 25
Programscol B$675K
Managementcol C$520K
Owns and owesPt X
$0
net assets · Ln 32
Total assetsLn 16$0
LiabilitiesLn 26$0
PeoplePt VI, VII
6
listed · VII A
PaidVII A2
Voting boardVI 1a4
IndependentVI 1b4
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$42
Fees for servicesLn 2g$718K
Investment incomeLn 3$329
Gains on assetsLn 7−$2K
Total revenueLn 12$718K
Assets in detailPt X, end of year
Total assetsLn 16$0
LiabilitiesLn 26$0
Net assetsLn 32$0
OperationsPt I, VI
EmployeesI 511
Fiscal year endsHeaderSeptember
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 FY20End FY20
Total assetsLn 16$489K$0
LiabilitiesLn 26$12K$0
Net assetsLn 32$477K$0
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$410K$74K$336K
Other salaries and wagesLn 7$171K$171K
Other employee benefitsLn 9$24K$12K$12K
Payroll taxesLn 10$39K$16K$22K
Accounting feesLn 11c$4K$4K
Advertising and promotionLn 12$31$15$16
OccupancyLn 16$16K$16K
TravelLn 17$2K$2K
Conferences, conventions and meetingsLn 19$50$50
Depreciation, depletion and amortizationLn 22$276$276
InsuranceLn 23$18K$18K
Other expenses (24a–d)Ln 24$484K$381K$103K
All other expensesLn 24e$26K$19K$8K
Total functional expensesLn 25$1.2M$675K$520K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2020 Latest Viewing $718K$1.2M−$477K$0 990 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 FY2020 990 (6 parts)
Part I · Summary $717,563 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $65$42
I-9 Program service revenuePrior year $1,582,155$718,409
I-10 Investment incomePrior year $2,190−$1,332
I-11 Other revenue$444
I-12 Total revenuePrior year $1,584,410$717,563
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $656,089$643,648
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $1,007,434$551,131
I-18 Total expensesPrior year $1,663,523$1,194,779
I-19 Revenue less expensesPrior year −$79,113−$477,216
Part VI · Governance 4 of 4 board members independent, no flags
VI-1a Voting members of the governing body4
VI-1b Independent voting members4
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
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $717,563 across 7 lines filed
VIII-1f All other contributions, gifts and grants$42
VIII-1h Total contributions, gifts and grants$42
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $718,409$718,409
VIII-3 Investment incomeRelated to mission $329$329
VIII-7 Net gain or loss on sales of assetsRelated to mission −$1,661−$1,661
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $444$444
VIII-12 Total revenueRelated to mission $717,521$717,563
Part IX · Statement of functional expenses $1,194,779 across 13 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $73,801 · Management $336,206$410,007
IX-7 Other salaries and wagesPrograms $171,385$171,385
IX-9 Other employee benefitsPrograms $11,804 · Management $11,804$23,608
IX-10 Payroll taxesPrograms $16,298 · Management $22,350$38,648
IX-11c Accounting feesManagement $3,920$3,920
IX-12 Advertising and promotionPrograms $15 · Management $16$31
IX-16 OccupancyManagement $16,500$16,500
IX-17 TravelPrograms $2,031$2,031
IX-19 Conferences, conventions and meetingsPrograms $50$50
IX-22 Depreciation, depletion and amortizationPrograms $276$276
IX-23 InsuranceManagement $18,125$18,125
IX-24 Other expenses (24a–d)Programs $380,659 · Management $103,115$483,774
IX-24e All other expensesPrograms $18,563 · Management $7,861$26,424
IX-25 Total functional expensesPrograms $674,882 · Management $519,897 · Fundraising $0$1,194,779
Part X · Balance sheet $0 assets, 4 lines filed
X-16 Total assetsStart of year $488,747$0
X-26 Total liabilitiesStart of year $11,531$0
X-32 Total net assets or fund balancesStart of year $477,216$0
X-33 Total liabilities and net assetsStart of year $488,747$0
Part XI · Reconciliation of net assets $0 net assets at year end
XI-1 Total revenue$717,563
XI-2 Total expenses$1,194,779
XI-3 Revenue less expenses−$477,216
XI-4 Net assets at start of year$477,216
XI-10 Net assets at end of year$0

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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