Nonprofit · EIN 84-2776904
PHOENIX EDUCATION NETWORK INC
Tax-exempt · NAPLES, FL 34120
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $12,475,423 | $11,442,739 | $1,032,684 | $27,670,954 | $28,263,565 | -$592,611 |
| June 30, 2024 | 990 | $13,305,446 | $12,645,214 | $660,232 | $24,092,298 | $25,717,593 | -$1,625,295 |
| June 30, 2023 | 990 | $12,040,262 | $12,122,811 | -$82,549 | $23,992,768 | $26,508,070 | -$2,515,302 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $11,138,910
- of which government grants
- $10,725,485
- Program service revenue
- $408,390
- Investment income
- $928,123
- Net gain from sales of assets
- $878,057
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $5,115,441
- Salaries, compensation and benefits (total)
- $5,997,153
- Professional fundraising fees
- $0
- Legal fees
- $48,117
- Accounting fees
- $12,875
- Occupancy
- $230,503
- Travel
- $37,398
- Depreciation
- $546,790
- Program services (functional)
- $10,633,258
- Management and general (functional)
- $809,481
Balance sheet and other
- Total assets, start of year
- $24,092,298
- Total assets, end of year
- $27,670,954
- Total liabilities, end of year
- $28,263,565
- Net assets, end of year
- -$592,611
- Land, buildings and equipment
- $18,193,926
- Net assets without donor restrictions
- -$592,611
- Gross receipts
- $12,847,916
- Employees
- 130
- Volunteers
- 0
- Year formed
- 2019
- State of legal domicile
- FL
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 June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Mark Russo | Director Trustee or director | 1 | $0 |
| Matthew Mathias | Chairman Trustee or director | 1 | $0 |
| William Truog | Director Trustee or director | 1 | $0 |
| Courtney Sowerby-Thomas | Director Trustee or director | 1 | $0 |
| David Gooch | Director Trustee or director | 1 | $0 |
990 for the year ended June 30, 2024: 7 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DERRICK AYERS | VICE-CHAIRMAN Trustee or director | 1 | $0 |
| GREG WESTON | DIRECTOR Trustee or director | 1 | $0 |
| KERRY EDWARDS | DIRECTOR Trustee or director | 1 | $0 |
| MARK RUSSO | DIRECTOR Trustee or director | 1 | $0 |
| MATTHEW MATHIAS | CHAIRMAN Trustee or director | 1 | $0 |
| TIMOTHY HALL | TREASURER Trustee or director | 1 | $0 |
| WILLIAM TRUOG | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended June 30, 2023: 6 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MATTHEW MATHIAS | CHAIRMAN Trustee or director | 1 | $0 |
| DERRICK AYERS | VICE-CHAIRMAN Trustee or director | 1 | $0 |
| TIMOTHY HALL | TREASURER Trustee or director | 1 | $0 |
| WILLIAM TRUOG | DIRECTOR Trustee or director | 1 | $0 |
| MARK RUSSO | DIRECTOR Trustee or director | 1 | $0 |
| HOLLY RAASS MILLER | SECRETARY Former | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 10270 IMMOKALEE RD, NAPLES, FL 34120-3939
- In care of
- % DBA NAPLES CLASSICAL ACADEMY
- Mailing address (990-N for 2019)
- 2390 TAMIAMI TRL N STE 108, NAPLES FL 34103
- Principal officer (990 for 2024)
- Matthew Mathias, 10270 Immokalee Rd, Naples, FL 34120
- Principal officer (990-N for 2019)
- Erika Donalds, 2390 TAMIAMI TRL N STE 108, Naples FL 34103
- Signed the 990
- Matthew Mathias, Chairman
- Phone
- (239) 449-8773
- Website
- www.naplesclassical.org
- Return prepared by
- Mike Hess CPA PA
Mission
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.
Program accomplishments
- 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.Expenses $10,633,258 · revenue $408,390
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 June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 84-2776904
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- School
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2020
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B29)
- Assets (IRS master file)
- $27,670,954
- Income (IRS master file)
- $12,847,916
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $12,475,423 | $11,442,739 | $27,670,954 | XML |
| 990 | June 2024 | $13,305,446 | $12,645,214 | $24,092,298 | XML |
| 990 | June 2023 | $12,040,262 | $12,122,811 | $23,992,768 | XML |
| 990 | June 2022 | $10,447,056 | $11,571,902 | $24,220,134 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990-N for 2019 Officer: Erika Donalds | June 30, 2020 | ≤ $50,000 receipts | – | – | e-Postcard |
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 84-2776904).
Questions about PHOENIX EDUCATION NETWORK INC
- What is the EIN of PHOENIX EDUCATION NETWORK INC?
- The employer identification number (EIN) of PHOENIX EDUCATION NETWORK INC is 84-2776904.
- Is PHOENIX EDUCATION NETWORK INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2020.
- Are donations to PHOENIX EDUCATION NETWORK INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does PHOENIX EDUCATION NETWORK 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 EDUCATION NETWORK INC due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did PHOENIX EDUCATION NETWORK INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of PHOENIX EDUCATION NETWORK INC?
- The 990 for the year ended June 30, 2025 names Matthew Mathias.
- Who are the officers and directors of PHOENIX EDUCATION NETWORK INC?
- The 990 for the year ended June 30, 2025 lists 5 people; 0 received compensation from the organization.
- How much revenue does PHOENIX EDUCATION NETWORK INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $12,475,423, expenses of $11,442,739 and total assets of $27,670,954 at year end.
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