Phoenix Benefit INC EIN 62-1855716 Form 990 (PDF) Claim this org

Phoenix Benefit INC

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Empowers underserved youth in Middle Tennessee to become community and business leaders. For fiscal year 2025 it reported $300K in revenue, $146K in expenses, and $540K in net assets.Pt I

Founded
2001
Type
Public charity (501(c)(3)) · Youth Development
Location
Nashville, TN
Website
phoenixclubofnashville.org
Filings
6 on file (2020–2025)
Revenue
$300KFY2025
Expenses
$146K
Net assets
$540K
People
22
Filings
6
Updates
0
More identity details & actions ⌄
EIN  62-1855716 Public charity (501(c)(3)) Nashville, TN Founded 2001
Form 990 (PDF)
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Size
$100K–1M
What they do
Empowers underserved youth in Middle Tennessee to become community and business leaders.
Leadership
Larry Kloess · Vice President
Money in and out
$300K revenue, $146K expenses
Bottom line
69% program efficiency
Where the money goes · FY2025
Total revenue
$300K
Pt VIII · Ln 12
Total expenses
$146K
Pt IX · Ln 25
Net assets
$540K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $154K
Where spending went · Part IX cols B–D
Program services $0.69 Management & general $0.31
Program efficiency
69%
of spending reaches programs▲ +13% vs prior filing year
Operating runway
44.2mo
months of highly liquid reserves at operating expense rate▲ +10% vs prior filing year
Surplus margin
+51%
revenue over expenses, this year▼ -14% vs prior filing year

Summary of the Filing

Part I · fiscal year 2025 · Form 990
Revenue
$300K
FY2025▲ +6%
Expenses
$146K
FY2025▲ +27%
Total assets
$540K
FY2025▲ +40%
Total liabilities
$0
FY2025
Total revenue
$300K
Pt VIII · Ln 12
Total expenses
$146K
Pt IX · Ln 25
Net assets
$540K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$154K
Total assetsPt X · Ln 16$540K
Program-expense ratioPt IX · col B69%
Voting members of governing bodyPt I · Ln 322
Independent voting membersPt I · Ln 422
Mission & Programs · Part III

Where the work happens

2 program services account for $100K of program spending, described in the organization's own filed words · FY2025.
01

Supporting various local charities which operate in line with the club's mission

$76Kprogram expense
02

Helping its members become the future leaders in the community with educational programming, networking and volunteer opportunities.

$24Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CPhoenix Benefit INC
EINHdr · item D62-1855716
Principal addressHdr · item CNashville, TN
WebsiteHdr · item Jphoenixclubofnashville.org
Year of formationHdr · item L2001
State of legal domicileHdr · item MTN
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFYouth Development (O23)
Ruling yearIRS BMFJul 2003

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a22
Independent voting membersPt VI · Ln 1b22
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Vice President
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
President
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
See Phoenix Benefit INC executive salaries →

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Statement of Revenue

Part VIII
Program service revenue$187K · 62%
Other revenue$63K · 21%
Contributions & grants$50K · 17%
Program service revenue62%$187K
Other revenue21%$63K
Contributions & grants17%$50K
Investment income$323
Total revenueLn 12$300K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.69 Management & general $0.31
Program services69%$100K
Management & general31%$46K
Total functional expensesLn 25$146K

Balance Sheet

Part X · end of year
CashLn 1$380K
Total assetsLn 16$540K
Total liabilitiesLn 26$0
Total net assetsLn 32$540K
Months of cash on handcomputed31.2

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $538K · Operating expenses/yr $146K
44.2 months
Where the money goes
Program services
Program services $100K · Total expenses $146K
69%
Management & General
Management & general $46K · Total expenses $146K
31%
Fundraising
Fundraising $0 · Total expenses $146K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $592 · Solicited contributions (3-yr avg) $84K
$0.01 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $50K · Total revenue $300K
17%
Government reliance
Government grants — · Total revenue $300K
Earned-income share
Program service revenue $187K · Total revenue $300K
62%
Investment reliance
Investment income $323 · Total revenue $300K
+0.1%
Program self-sufficiency
Program service revenue $187K · Total expenses $146K
128%
Growth & trend
Revenue growth (YoY)
This year $300K · Prior year $284K
+6%
Revenue CAGR
FY2020 $175K · FY2025 $300K
+11%
Net-asset trend (YoY)
End of year $540K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $300K · Expenses $146K
+51%
Liabilities-to-Assets
Total liabilities — · Total assets $540K
Net-asset ratio
Net assets $540K · Total assets $540K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $158K · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $540K
29%
People & payroll
Highest Reported Total Compensation
Individual Larry Kloess · Reported title Vice President · Highest reported compensation $0 · Total expenses $146K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $0 · Total expenses $146K
0%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 69%
Overhead ratio 31%
Revenue growth 6%

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.

Grants

Schedule I · received and paid
Grants received · FY2023
Total grants receivedfrom 3 funders$7K
See all 3 funders →
Grants paid · 38 grants · $566K · 2020–2025
Jonathans Path INCTN · FY2025$20,000
Turnip Green Creative ReuseTN · FY2025$10,500
Youth Villages INCTN · FY2025$10,000
Move Music CityTN · FY2025$10,000
Be About ChangeTN · FY2025$8,000
Bewell in SchoolTN · FY2023$50,000
Transformation Life CenterTN · FY2023$46,750
Aloe Family INCTN · FY2023$15,980
St Lukes Community HouseTN · FY2023$13,500
Cafe Momentum Nashville CorpTN · FY2023$12,500
Boy Scouts of AmericaTN · FY2023$12,500
Small World Yoga INCTN · FY2023$10,800
Saddle UpTN · FY2023$7,690
Book' EmTN · FY2022$15,005
West Nashville Dream CenterTN · FY2022$12,500
See all 38 grants →

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$300K revenue · viewing · ⤓ 990 PDF
FY2024$284K revenue · ⤓ 990 PDF
FY2023$296K revenue · ⤓ 990 PDF
FY2022$224K revenue · ⤓ 990 PDF
FY2021$167K revenue · ⤓ 990 PDF
FY2020$175K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2025IRS
Classification, formation year, addressIRS Business Master File
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