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Phoenix Foundation INC

Tax-deductible

Denver, CO501(c)(3)Health CareEIN 81-0786383Revenue $224K in FY2021

On file with the IRS6630 E Hampden Ave, 80224-3004 · Denver, COTax-exempt since Jun 2016Publicly supported — 509(a)(2)

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Organized for religous, charitable, educational and scientific purposes. In 2021 the organization provided charitable work in Africa to provide free glasses for children and young adults in need.

501(c)(3) charity; gifts are tax-deductible.
86¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2021 · 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
FY2021
latest Form 990
Concern: the latest return is for FY2021, 5 tax years back; more than 4 tax years.
IRS e-file · Filing history
Spent on programs
86%
of spending
Looks good: 86% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
11 mo
of spending, in cash
Looks good: 10.9 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
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
$224K
Spent
$54K
To programs
86%
Net assets
$223K

From the FY2021 Form 990 · see the original

Form 990 (PDF) Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2021. IRS ruling in Jun 2016.

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% · $47K Management & general 14% · $7K

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

4 people listed on the 990.

Part VII, Section A · reportable compensation
Edward Ruvins
Chairman of the Board
$0Pt VII · Sec A
Marina Reman
President
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Phoenix Foundation 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 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Provides free glasses for children and young adults in need in Africa.

Questions for Phoenix Foundation INC

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Provided by the organization

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1 program · $47K · in their own filed words · FY2021
01

The organization provided charitable work in Africa to provide free glasses for children and young adults in need.

$47Kprogram expense

By the numbers

The FY2021 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$224K
Ln 12
Fees for servicesLn 2g$230K
Investment incomeLn 3$3
Money outPt IX
$54K
Ln 25
Programscol B$47K
Managementcol C$7K
Owns and owesPt X
$223K
net assets · Ln 32
Cash and savingsLn 1–2$49K
Total assetsLn 16$223K
LiabilitiesLn 26$0
PeoplePt VI, VII
4
listed · VII A
PaidVII A0
Voting boardVI 1a4
IndependentVI 1b4
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$230K
Investment incomeLn 3$3
Gains on assetsLn 7−$5K
Total revenueLn 12$224K
Assets in detailPt X, end of year
CashLn 1$49K
Cash and savings togetherLn 1–2$49K
Land, buildings, equipmentLn 10c$71K
Total assetsLn 16$223K
LiabilitiesLn 26$0
Net assetsLn 32$223K
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$29K$49K
Land, buildings, equipmentLn 10c$25K$71K
Total assetsLn 16$53K$223K
LiabilitiesLn 26$0$0
Net assetsLn 32$53K$223K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other employee benefitsLn 9$200$0$200$0
Management feesLn 11a$9K$9K$0$0
Legal feesLn 11b$6K$0$6K$0
Office expensesLn 13$1K$0$1K$0
TravelLn 17$6K$6K$0$0
Depreciation, depletion and amortizationLn 22$2K$2K$0$0
Other expenses (24a–d)Ln 24$30K$30K$0$0
Total functional expensesLn 25$54K$47K$7K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2021 Latest Viewing $224K$54K$170K$223K 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 FY2021 990 (6 parts)
Part I · Summary $224,432 revenue, 12 lines filed
I-8 Contributions and grants$0
I-9 Program service revenue$229,776
I-10 Investment income−$5,344
I-11 Other revenue$0
I-12 Total revenue$224,432
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$200
I-16a Professional fundraising fees$0
I-17 Other expenses$54,061
I-18 Total expenses$54,261
I-19 Revenue less expenses$170,171
Part VI · Governance 4 of 4 board members independent, 4 to look at
VI-1a Voting members of the governing body4
VI-1b Independent voting members4
VI-2 Family or business relationship among officers or directorsYes
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-12a Written conflict of interest policyYes
Part VIII · Statement of revenue $224,432 across 4 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Unrelated business $0 · Excluded from tax $0$229,776
VIII-3 Investment incomeUnrelated business $0 · Excluded from tax $3$3
VIII-7 Net gain or loss on sales of assetsRelated to mission −$5,347 · Unrelated business $0 · Excluded from tax $0−$5,347
VIII-12 Total revenueRelated to mission $224,429 · Unrelated business $0 · Excluded from tax $3$224,432
Part IX · Statement of functional expenses $54,261 across 7 lines filed
IX-9 Other employee benefitsPrograms $0 · Management $200 · Fundraising $0$200
IX-11a Management feesPrograms $9,305 · Management $0 · Fundraising $0$9,305
IX-11b Legal feesPrograms $0 · Management $6,050 · Fundraising $0$6,050
IX-13 Office expensesPrograms $0 · Management $1,214 · Fundraising $0$1,214
IX-17 TravelPrograms $5,520 · Management $0 · Fundraising $0$5,520
IX-22 Depreciation, depletion and amortizationPrograms $1,747 · Management $0 · Fundraising $0$1,747
IX-24 Other expenses (24a–d)Programs $30,225 · Management $0 · Fundraising $0$30,225
IX-25 Total functional expensesPrograms $46,797 · Management $7,464 · Fundraising $0$54,261
Part X · Balance sheet $223,408 assets, 7 lines filed
X-1 Cash, non-interest-bearingStart of year $28,726$49,258
X-8 Inventories for sale or use$103,167
X-10c Land, buildings and equipment, netStart of year $24,511$70,983
X-16 Total assetsStart of year $53,237$223,408
X-26 Total liabilitiesStart of year $0$0
X-32 Total net assets or fund balancesStart of year $53,237$223,408
X-33 Total liabilities and net assetsStart of year $53,237$223,408
Part XI · Reconciliation of net assets $223,408 net assets at year end
XI-1 Total revenue$224,432
XI-2 Total expenses$54,261
XI-3 Revenue less expenses$170,171
XI-4 Net assets at start of year$53,237
XI-10 Net assets at end of year$223,408

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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