Phoenix Education Network INC FY2021 filing

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To train the minds and improve the hearts of young people through a content-rich classical Education in the liberal arts and sciences, with instruction in the principles of moral character and civic virtue.

501(c)(3) charity; gifts are tax-deductible.
80¢ 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
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
2 of 5
filings with a surplus
Average deficit $39K a year · under 1% of revenue · last 5 filings
Concern: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
80%
of spending
Looks good: 80% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
6 mo
of spending, in cash
Looks good: 5.7 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $421
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$25.5M
103% of total assets
Concern: liabilities are 103% of assets; over 80%.
Pt X · Ln 26
Independent board members
6
of 6 voting members
Looks good: 6 of 6 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$83K
Spent
$765K
To programs
80%
Net assets
−$721K
By yearFY2021–FY2025
Revenue
$83K
FY2021
Tap a bar for its year
Revenue by fiscal year
FY2021$83K
FY2022$10.4M
FY2023$12.0M
FY2024$13.3M
FY2025$12.5M
Expenses
$765K
FY2021
Tap a bar for its year
Expenses by fiscal year
FY2021$765K
FY2022$11.6M
FY2023$12.1M
FY2024$12.6M
FY2025$11.4M
Net assets
−$721K
FY2021
Tap a bar for its year
Net assets by fiscal year
FY2021−$721K
FY2022−$2.5M
FY2023−$2.5M
FY2024−$1.6M
FY2025−$593K

From the FY2021 Form 990 (year ending June 2021) · figures checked against the IRS filing · see the original

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You’re viewing the FY2021 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 2020.

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

Where the money goes

80 cents of each dollar spent went to programs.

Program services 80% · $615K Management & general 20% · $150K

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.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
$0Pt VII · Sec A
Vice-Chairman
$0Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
See Phoenix Education Network INC executive salaries →

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

Educates young people in classical liberal arts, sciences, and moral character for a virtuous civic life.

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1 program · $615K · in their own filed words · FY2020
01

To train the minds and improve the hearts of young people through a content-rich classical education in the liberal arts and sciences, with instruction in the principles of moral character and civic virtue.

$615Kprogram 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$421

Federal money

Single Audit · Federal Audit Clearinghouse · money spent from federal programs
Year ending Jun 2023 · $804K federal money spent
Education Stabilization FundDepartment of Education · ALN 84.425 · Through FL Dept of Education$569K
National School Lunch ProgramDepartment of Agriculture · ALN 10.555 · Through FL Dept of Agriculture$191K
Improving Teacher Quality State GrantsDepartment of Education · ALN 84.367 · Through FL Dept of Education$17K
Safe and Drug-Free Schools and Communities_national ProgramsDepartment of Education · ALN 84.184 · Through FL Dept of Education$14K
School Breakfast ProgramDepartment of Agriculture · ALN 10.553 · Through FL Dept of Agriculture$12K

The auditor reported no findings.

Year ending Jun 2022 · $1.1M federal money spent
National School Lunch ProgramDepartment of Agriculture · ALN 10.555 · Through Florida Dept of Agriculture$522K
Education Stabilization FundDepartment of Education · ALN 84.425 · Through Florida Dept of Education$476K
School Breakfast ProgramDepartment of Agriculture · ALN 10.553 · Through Florida Dept of Agriculture$109K

The auditor reported no findings.

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$83K
Ln 12
Gifts and grantsLn 1h$79K
Fees for servicesLn 2g$4K
Investment incomeLn 3$404
Money outPt IX
$765K
Ln 25
Programscol B$615K
Managementcol C$150K
Owns and owesPt X
−$721K
net assets · Ln 32
Cash and savingsLn 1–2$364K
Total assetsLn 16$24.8M
LiabilitiesLn 26$25.5M
PeoplePt VI, VII
6
listed · VII A
PaidVII A0
Voting boardVI 1a6
IndependentVI 1b6
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$79K
Fundraising eventsLn 1c$67K
Fees for servicesLn 2g$4K
Investment incomeLn 3$404
Total revenueLn 12$83K
Assets in detailPt X, end of year
CashLn 1$364K
Cash and savings togetherLn 1–2$364K
Prepaid expenses and deferred chargesLn 9$3K
Land, buildings, equipmentLn 10c$5.1M
Intangible assetsLn 14$603K
Other assetsLn 15$18.7M
Total assetsLn 16$24.8M
LiabilitiesLn 26$25.5M
Net assetsLn 32−$721K
OperationsPt I, VI
EmployeesI 52
VolunteersI 615
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3More from this return
BondsSch K, Pt X
Tax-exempt bond debt owedX 20$23.1M
Bond issues listedSch K Pt I2
Raised by those issuesSch K Pt I$23.1M
4Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$364K
Land, buildings, equipmentLn 10c$0$5.1M
Total assetsLn 16$0$24.8M
LiabilitiesLn 26$0$25.5M
Net assetsLn 32$0−$721K
5Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$83K$83K
Pension plan contributionsLn 8$3K$3K
Other employee benefitsLn 9$7K$7K
Payroll taxesLn 10$7K$7K
Management feesLn 11a$150K$150K
Legal feesLn 11b$38K$38K
Other fees for servicesLn 11g$15K$15K
Advertising and promotionLn 12$16K$16K
Information technologyLn 14$13K$13K
OccupancyLn 16$13K$13K
TravelLn 17$5K$5K
InterestLn 20$369K$369K
Depreciation, depletion and amortizationLn 22$8K$8K
InsuranceLn 23$560$560
Other expenses (24a–d)Ln 24$39K$39K
Total functional expensesLn 25$765K$615K$150K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 LatestFiled with the IRS Nov 12, 2025 $12.5M$11.4M$1.0M−$593K 990 PDF
FY2024Filed with the IRS Mar 26, 2025 $13.3M$12.6M$660K−$1.6M 990 PDF
FY2023Filed with the IRS May 15, 2024 $12.0M$12.1M−$83K−$2.5M 990 PDF
FY2022Filed with the IRS May 15, 2023 $10.4M$11.6M−$1.1M−$2.5M 990 PDF
FY2021 ViewingFiled with the IRS May 3, 2022 $83K$765K−$682K−$721K 990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2021 990 (6 parts)
Part I · Summary $82,961 revenue, 12 lines filed
I-8 Contributions and grants$78,982
I-9 Program service revenue$3,575
I-10 Investment income$404
I-11 Other revenue$0
I-12 Total revenue$82,961
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$99,243
I-16a Professional fundraising fees$0
I-17 Other expenses$666,158
I-18 Total expenses$765,401
I-19 Revenue less expenses−$682,440
Part VI · Governance 6 of 6 board members independent, no flags
VI-1a Voting members of the governing body6
VI-1b Independent voting members6
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 $82,961 across 7 lines filed
VIII-1c Fundraising events$66,681
VIII-1f All other contributions, gifts and grants$12,301
VIII-1h Total contributions, gifts and grants$78,982
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $3,575$3,575
VIII-3 Investment incomeExcluded from tax $404$404
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueRelated to mission $3,575 · Unrelated business $0 · Excluded from tax $404$82,961
Part IX · Statement of functional expenses $765,401 across 15 lines filed
IX-7 Other salaries and wagesPrograms $82,960$82,960
IX-8 Pension plan contributionsPrograms $2,526$2,526
IX-9 Other employee benefitsPrograms $6,675$6,675
IX-10 Payroll taxesPrograms $7,082$7,082
IX-11a Management feesManagement $150,000$150,000
IX-11b Legal feesPrograms $37,881$37,881
IX-11g Other fees for servicesPrograms $14,830$14,830
IX-12 Advertising and promotionPrograms $15,905$15,905
IX-14 Information technologyPrograms $12,856$12,856
IX-16 OccupancyPrograms $13,249$13,249
IX-17 TravelPrograms $4,767$4,767
IX-20 InterestPrograms $368,978$368,978
IX-22 Depreciation, depletion and amortizationPrograms $7,913$7,913
IX-23 InsurancePrograms $560$560
IX-24 Other expenses (24a–d)Programs $39,219$39,219
IX-25 Total functional expensesPrograms $615,401 · Management $150,000 · Fundraising $0$765,401
Part X · Balance sheet $24,751,183 assets, 14 lines filed
X-1 Cash, non-interest-bearing$364,160
X-9 Prepaid expenses and deferred charges$2,833
X-10c Land, buildings and equipment, netStart of year $0$5,072,873
X-14 Intangible assets$603,486
X-15 Other assetsStart of year $0$18,707,831
X-16 Total assetsStart of year $0$24,751,183
X-17 Accounts payable and accrued expenses$192,557
X-20 Tax-exempt bond liabilities$23,150,000
X-24 Unsecured notes and loans payable$600,000
X-25 Other liabilitiesStart of year $0$1,530,000
X-26 Total liabilitiesStart of year $0$25,472,557
X-27 Net assets without donor restrictions−$721,374
X-32 Total net assets or fund balancesStart of year $0−$721,374
X-33 Total liabilities and net assetsStart of year $0$24,751,183
Part XI · Reconciliation of net assets −$721,374 net assets at year end
XI-1 Total revenue$82,961
XI-2 Total expenses$765,401
XI-3 Revenue less expenses−$682,440
XI-8 Prior period adjustments−$38,934
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year−$721,374

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

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