Phoenix Education Network

Also known as Naples Classical Academy

Naples, FL · EIN 84-2776904 · 501(c)(3) · School
Latest filing: Form 990 for the fiscal year ending June 30, 2025 (tax year 2024) · View the filing · Correct or respond

Phoenix Education Network reported $12.5 million in revenue and $11.4 million in expenses for the fiscal year ending June 30, 2025. Of every $100 it spent, $92.93 went to program services, $7.07 to management and general costs and $0.00 to fundraising. Its largest source of revenue was contributions and grants: 89.3% of the total. Government grants made up 86.0%. 2 people received more than $100,000 in reportable compensation. Revenue rose 14938% between FY2021 and FY2025. Source: Form 990, FY2025.

Where $100 of spending went

The fiscal year ending June 30, 2025 · Form 990, Part IX, line 25 · total expenses $11M

Program services$92.93 $11M
Management & general$7.07 $809K
Fundraising$0.00 $0

For context, the median across 5,499 covered education charities: $85.56 programs, $13.59 management, $0.85 fundraising (medians computed separately, so they may not sum to $100).

Where $100 of revenue came from

The fiscal year ending June 30, 2025 · Form 990, Part VIII · total revenue $12M

Contributions & grants (non-government)$3.32 $413K
Government grants$85.97 $11M
Program service revenue$3.27 $408K
Investment income$7.44 $928K

The 990 scorecard · same measures for every charity, no grades

FY2025 filing. Median across 5,499 covered charities in this category, from their latest filings.
Measure	FY2025	Median
Program services Part IX 25(B) ÷ 25(A)	92.9%	84.4%
Management & general Part IX 25(C) ÷ 25(A)	7.1%	13.4%
Fundraising Part IX 25(D) ÷ 25(A)	0.0%	0.8%
Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h	$0.00	$0.04
Contributions & grants share of revenue Part VIII 1h ÷ 12	89.3%	19.1%
Government grants share of revenue Part VIII 1e ÷ 12	86.0%	1.1%
Program service revenue share Part VIII 2g ÷ 12	3.3%	69.9%
Highest reported compensation Part VII-A, columns D–F	Not reported	$331,578
Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A)	Not reported	1.28%
People paid over $100,000 Part VII, line 2	2	8
Net assets, in months of expenses Part X 33(B) ÷ monthly expenses	-0.6	13.3
Independent voting board members Part VI 1a–1b	5 of 5	100.0%

A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.

What the money paid for, in its own words

FY2025 · Form 990, Part III · the three largest programs by expense

$11M expenses · 100.0% of program spending · revenue $408K

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

5 years of filings

Form 990, Parts I, VII, IX and X · each row is that year's own filing, linked

RevenueExpenses

Filing	Revenue	Expenses	Programs	Net assets	Top pay
FY2025 ⓘ	$12M	$11M	92.9%	−$593K	—
FY2024 ⓘ	$13M	$13M	88.2%	−$1.6M	—
FY2023 ⓘ	$12M	$12M	88.6%	−$2.5M	—
FY2022 ⓘ	$10M	$12M	89.2%	−$2.5M	—
FY2021 ⓘ	$82,961	$765K	80.4%	−$721K	—

Governance answers, as filed

FY2025 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means

Voting board members, and how many are independent Part VI, lines 1a–1b5 · 5 independent
Audited financial statements Part XII 2bYes
Conflict-of-interest policy Part VI 12aYes
Whistleblower policy Part VI 13Yes
Document retention policy Part VI 14Yes
Independent process for top executive pay Part VI 15aYes
Board given the 990 before filing Part VI 11aYes
Family or business ties among insiders Part VI 2No
Aware of a significant diversion of assets Part VI 5No
Excess benefit transaction with an insider Part IV 25aNo
Loans to or from insiders outstanding Part IV 26No
Lobbying, or a 501(h) election in effect Part IV 4No
Over $15,000 of professional fundraising services Part IV 18No
Over $10,000 of activity outside the U.S. Part IV 14bNo
Employees Part I, line 5130

Largest outside contractors

FY2025 · Form 990, Part VII, Section B · businesses only

Paychex Payroll Services	$6,068,928
Optima Management Services LLC Management Services	$809,561
Summit Construction Management Group Construction	$215,993
LINTONS FOOD SERVICE MANAGMENT Food services	$201,453
IPFS Corporation Insurance	$169,180

Individuals listed as contractors are left out. 5 contractors were paid more than $100,000 in all.

Private foundation grants it received

2 private foundations reported grants to Phoenix Education Network totaling $721 on their tax year 2023 Form 990-PF returns. See which foundations, on WHOFUNDS.

Source: WHOFUNDS open grant graph, matched from Form 990-PF Part XV.

Correct a figure or respond

Every number above is copied from Phoenix Education Network's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Phoenix Education Network, you can publish a response that is linked from this page.

Report a correction Respond as Phoenix Education Network How this works

Similar-sized charities in this cause

University Preparatory Schools
Denver, CO · revenue $12M · programs 48.6% · FY2025
The College of New Jersey Foundation
Ewing, NJ · revenue $12M · programs 81.7% · FY2025
Hidden Genius Project
Oakland, CA · revenue $12M · programs 68.5% · 2024
Islamic Services Foundation
Richardson, TX · revenue $12M · programs 100.0% · 2024
Global Preparatory Academy
Indianapolis, IN · revenue $12M · programs 78.3% · FY2025

All education charities · Largest charities in Florida

Questions people ask

How much of Phoenix Education Network's spending goes to programs?

In the fiscal year ending June 30, 2025, Phoenix Education Network reported that 92.9% of its $11.4 million in expenses went to program services, 7.1% to management and general and 0.0% to fundraising (Form 990, Part IX).

Where does Phoenix Education Network get its money?

Of $12.5 million in revenue in the fiscal year ending June 30, 2025, 89.3% came from contributions and grants (including 86.0% from government grants) and 3.3% from program service revenue (Form 990, Part VIII).

Is Phoenix Education Network a registered charity?

The IRS lists EIN 84-2776904 as a 501(c)(3) organization (school), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.

Sources

FY2025: Form 990 for the fiscal year ending June 30, 2025, object 202513169349306226 · read the filing · XML
FY2024: Form 990 for the fiscal year ending June 30, 2024, object 202510859349301571 · read the filing
FY2023: Form 990 for the fiscal year ending June 30, 2023, object 202411369349303921 · read the filing
FY2022: Form 990 for the fiscal year ending June 30, 2022, object 202331359349302683 · read the filing
FY2021: Form 990 for the fiscal year ending June 30, 2021, object 202211239349301621 · read the filing

All filings for EIN 84-2776904: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.