Nonprofit · EIN 61-1066885
PHOENIX INSTITUTE INC
Tax-exempt · LEXINGTON, KY 40583
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $81,703 | $84,794 | -$3,091 | $541,556 | $0 | $541,556 |
| December 31, 2023 | 990 | $500,069 | $51,216 | $448,853 | $544,648 | $0 | $544,648 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $46,499
- Program service revenue
- $3,500
- Investment income
- $31,704
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Program services (functional)
- $84,345
- Management and general (functional)
- $292
- Fundraising (functional)
- $157
Balance sheet and other
- Total assets, start of year
- $544,648
- Total assets, end of year
- $541,556
- Total liabilities, end of year
- $0
- Net assets, end of year
- $541,556
- Gross receipts
- $81,703
- Employees
- 0
- Volunteers
- 15
- Year formed
- 1985
- State of legal domicile
- KY
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Lea Schultz | President Trustee or director, Officer | 3 | $0 |
| Frank Schultz | Vice President and Secretary Trustee or director, Officer | 1 | $0 |
| Paula Thomson | Director Trustee or director | 5 | $0 |
| Steven Smith | Director Trustee or director | 5 | $0 |
| LakshmiSriraman | Director Trustee or director | 1 | $0 |
| David Thomson | Treasurer Trustee or director, Officer | 5 | $0 |
990 for the year ended December 31, 2023: 6 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Lea Schultz | President Trustee or director, Officer | 3 | $0 |
| Frank Schultz | Vice President and Secretary Trustee or director, Officer | 1 | $0 |
| Paula Thomson | Director Trustee or director | 5 | $0 |
| Steven Smith | Director Trustee or director | 1 | $0 |
| LakshmiSriraman | Director Trustee or director | 1 | $0 |
| David Thomson | Treasurer Officer | 5 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 12963, LEXINGTON, KY 40583-2963
- In care of
- % FRANK SCHULTZ
- Mailing address (990-N for 2022)
- PO BOX 12963, LEXINGTON KY 40583
- Principal officer (990 for 2024)
- Lea W Schultz, PO Box 12963, Lexington, KY 40583
- Signed the 990
- David Thomson, Treasurer
- Phone
- (859) 420-9330
- Website
- www.phoenixinstitute.org
Mission
To bring to the public the channeled teachings of the entity Samuel regarding personal empowerment, leadership, and personal responsibility through lectures, discussions, a website, and a quarterly newsletter, and to provide a supportive and loving community to nurture the spiritual growth of any who wish to participate.
Program accomplishments
- Provided monthly lectures by guest speaker and quarterly leadership training meetings for the volunteer leaders of the organization.Expenses $68,000
- Maintained a library of source material aligned with mission. Much of this source material has been maintained on magnetic audio tapes some of which were close to 40 years old and were beginning to deteriorate. Therefore, with the approval of the copyright owner, the organization digitized this material to ensure the continued existence and availability of this material in its library. , $10,689 was spent digitizing these recordings.Expenses $12,067
- Provided financial assistance for attendees of online events to defray admission fees.Expenses $3,180
- $504.12 IT services and expenses; $19.95 Newsletter expenses; $574.05 Fees--PayPalExpenses $1,098
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 61-1066885
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1985
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Mental health and crisis intervention (F22Z)
- Assets (IRS master file)
- $541,556
- Income (IRS master file)
- $81,703
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $81,703 | $84,794 | $541,556 | XML |
| 990 | December 2023 | $500,069 | $51,216 | $544,648 | XML |
| 990-N for 2022 | December 31, 2022 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990-EZ | December 2021 | – | – | – | IRS |
| 990-EZ | December 2020 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 61-1066885).
Questions about PHOENIX INSTITUTE INC
- What is the EIN of PHOENIX INSTITUTE INC?
- The employer identification number (EIN) of PHOENIX INSTITUTE INC is 61-1066885.
- Is PHOENIX INSTITUTE INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1985.
- Are donations to PHOENIX INSTITUTE INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does PHOENIX INSTITUTE INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of PHOENIX INSTITUTE INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did PHOENIX INSTITUTE INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of PHOENIX INSTITUTE INC?
- The 990 for the year ended December 31, 2024 names Lea W Schultz.
- Who are the officers and directors of PHOENIX INSTITUTE INC?
- The 990 for the year ended December 31, 2024 lists 6 people; 0 received compensation from the organization.
- How much revenue does PHOENIX INSTITUTE INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $81,703, expenses of $84,794 and total assets of $541,556 at year end.
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All nonprofits in LEXINGTON · Kentucky · Mental health and crisis intervention