2017-05-15T16:26:00-05:00 2016-06-30 205907591 SMITH LEONARD PLLC 4035 PREMIER DRIVE SUITE 300 HIGH POINT NC 27265 990 2015-07-01 611705253 PHOENIX ACADEMY FOUNDATION PHOE 3368801713 7851 CLINARD FARMS ROAD HIGH POINT NC 27265 PAUL J NORCROSS CHAIRMAN 3368801713 2017-05-15 1 ADRIENNE MCKINNEY P00819656 3368830181 2015 2021-01-29 14:40:06Z PAUL J NORCROSS 7851 CLINARD FARMS ROAD HIGH POINT NC 27265 778750 0 X N/A X 2013 NC TO SUPPORT THE ACTIVITIES OF PHOENIX ACADEMY, INC. BY PROVIDING SCHOOL FACILITIES THROUGH LEASE AND SUBLEASE ARRANGEMENTS FOR SCHOOL EVENTS. 4 4 0 1 0 0 0 87600 851425 41150 303922 366856 0 0 1155347 495606 0 52216 0 0 0 0 0 0 0 1095762 181694 1095762 233910 59585 261696 582489 520459 465992 142266 116497 378193 TO SUPPORT THE ACTIVITIES OF PHOENIX ACADEMY, INC. BY PROVIDING SCHOOL FACILITIES THROUGH LEASE AND SUBLEASE ARRANGEMENTS FOR SCHOOL EVENTS. 0 0 233910 52216 41150 LARGEST PORTION OF REVENUE IS FROM LEASE AGREEMENTS WITH PHOENIX ACADEMY, INC. 233910 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 4 4 1 0 0 0 0 1 0 1 1 0 0 1 1 1 1 1 1 1 1 0 NC X SMITH LEONARD PLLC 3368830181 4035 PREMIER DR SUITE 300 HIGH POINT NC 27265 X PAUL NORCROSS CHAIRMAN / DIRECTOR 10.00 X X 0 0 0 PERRY FLYNN VICE CHAIRMAN / DIRECTOR 1.00 X X 0 0 0 JOEL PALMA TREASURER / DIRECTOR 1.00 X X 0 0 0 KIMBERLY NORCROSS SECRETARY / DIRECTOR 1.00 X X 0 0 0 JANET CLIFFORD DIRECTOR 1.00 X 0 0 0 0 0 0 0 0 0 0 0 87600 87600 RENT REVENUE 531110 41150 41150 41150 650000 283144 366856 366856 366856 495606 41150 0 366856 52216 52216 3285 3285 9159 9159 10170 10170 60 60 7933 7933 96810 96810 SAMET SETTLEMENT 52000 52000 MISCELLANEOUS 2277 2277 233910 233910 0 0 54060 371755 45709 0 382604 233900 480923 148704 1797 0 582489 520459 465992 142266 465992 142266 X 116497 378193 116497 378193 582489 520459 261696 0 X 0 1 X 0 0 X X X 1 PHOENIX ACADEMY 562059485 2 1 0 45709 1 0 45709 1 0 0 0 0 1 0 0 0 0 0 0 0 0 0 1 0 PART IV, SECTION A, LINE 6 THE ORGANIZATION MADE A CONTRIBUTION TO THE CHARTER MANAGEMENT ORGANIZATION OF ITS SUPPORTED ORGANIZATION FOR USE IN OPERATIONS OF MANAGING THE SUPPORTED ORGANIZATION. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 382604 233900 148704 148704 X 495606 0 495606 0 495606 233910 0 233910 0 233910 PART X, LINE 2: THE FOUNDATION IS EXEMPT FROM INCOME TAXES ON RELATED INCOME UNDER SECTION 501(A)AS AN ORGANIZATION DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. NO MATERIAL UNRELATED BUSINESS TAXABLE INCOME HAS BEEN IDENTIFIED BY MANAGEMENT. ACCORDINGLY, NO PROVISION FOR INCOME TAXES IS MADE IN THE FINANCIAL STATEMENTS. 0 7 DEGREES OF CHANGE FOUNDATION INC 7851 CLINARD FARMS ROAD HIGH POINT NC 27265 270248502 501(C)(3) 6507 NET BOOK VALUE VEHICLE VEHICLE FOR USE PHOENIX ACADEMY 4020 MEETING WAY HIGH POINT NC 27265 562059485 501(C)(3) 45709 NET BOOK VALUE FIXED ASSETS ASSETS FOR USE BY ACADEMY PAUL NORCROSS CHAIRMAN/DIRECTOR 25000 PAUL NORCROSS RECEIVED A COMMISSION OF $25,000 RELATED TO THE SALE OF LAND IN JUNE 2016. 0 FORM 990, PART VI, SECTION A, LINE 2 PAUL NORCROSS AND KIMBERLY NORCROSS HAVE A FAMILY RELATIONSHIP. FORM 990, PART VI, SECTION A, LINE 7A FOUR OF THE FIVE BOARD MEMBERS ARE ELECTED BY THE BOARD OF DIRECTORS OF PHOENIX ACADEMY. THE FIFTH IS APPOINTED BY THE MANAGEMENT COMPANY SERVING PHOENIX ACADEMY. FORM 990, PART VI, SECTION B, LINE 11 THE BOARD REVIEWS AND APPROVES THE 990 PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD ESTABLISHED AND MONITORS THE CONFLICT OF INTEREST STATEMENT FORM 990, PART VI, SECTION B, LINE 15 THE BOARD SETS THE SALARIES FOR THE CEO AND EXECUTIVE DIRECTOR BASED ON INDUSTRY STANDARDS. THE BOARD APPROVES THE SALARIES OF KEY STAFF BASED ON AN EVALUATION OF INDUSTRY STANDARDS. FORM 990, PART VI, SECTION C, LINE 19 DOCUMENTS AVAILABLE UPON REQUEST PHOENIX ACADEMY 4020 MEETING WAY HIGH POINT NC 27265 562059485 SCHOOL NC 501(C)(3) LINE 2 0 0 1 1 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0