Phocis Inc

Nonprofit profile at a glance

EIN
930908525
IRS 990 coverage
2010–2011
Forms available
Form 990 2011
Location
Sheridan, OR, USA
Phone
5038431356
Rating confidence
Limited
Sector
Fund Raising and/or Fund Distribution

Reported finances

Revenue
$2,826,075
Expenses
$3,127,048
Assets
$15,916,398
Liabilities
$6,148,324

Source: IRS Form 990. Selected filing: tax year 2011. Amounts in USD.

Leadership & pay

4 people listed

Source: IRS Form 990. Selected filing: tax year 2011. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Phocis is a supporting organization, which is responsive to, and an integral part of, two supported organizations (Delphi Schools, Inc., and Delphi Academy of Boston, Inc.).

What it reported doing in 2011

Phocis, Inc. (Phocis), is an Oregon nonprofit corporation which, as a Type III supporting organization, is responsive to, and an integral part of, two supported organizations (Delphi Schools, Inc., an Oregon nonprofit corporation, and Delphi Academy of Boston, Inc., a Massachusetts nonprofit corporation), both of which are organized exclusively for educational and charitable purposes, and both of which are exempt from tax under Section 501(c)(3) of the Internal Revenue code of 1986.Delphi Schools, Inc., develops, operates, and advises private, non-sectarian "Delphi Academy" schools owned and operated by Delphi Schools, Inc., and licenses the "Delphi Program" to schools owned and/or operated by other nonprofit tax-exempt organizations, in conjunction with Delphi Schools, Inc.'s "Delphi Program" - comprised of its: (i) educational curriculum, syllabi, and supporting implementation advice for the education of students in preschool/kindergarten through high school and beyond; (ii) educational publications; and (iii) "Delphi" trademarks and servicemarks. Delphi Schools, Inc., currently owns and operates four such schools: a boarding school located in Sheridan, Oregon ("The Delphian School"); a day school located in Los Angeles, California ("Delphi Academy of Los Angeles"), a day school located in Santa Monica, California ("Delphi Academy of Santa Monica"), and a day school located in Santa Clara, California ("Delphi Academy of San Francisco Bay"). Delphi Schools, Inc., also licenses three schools owned and/or operated by other nonprofit tax-exempt organizations: a day school located in Milton, Massachusetts ("Delphi Academy of Boston"); a day school located in Clearwater, Florida ("Delphi Academy of Florida"); and a day school located in Chicago, Illinois ("Delphi Academy of Chicago").

Operating model

Revenue model
Earned-program. 98% of the money available for current operations came from fees and other program revenue.
Distribution model
Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.

The verdict

- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.

Rating breakdown

  • Financial Efficiency: NotEnoughData
  • Transparency & Controls: 86
  • Accountability: 32
  • Sustainability: 39
  • Growth: 40

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: Limited
  • Program expense ratio: Limited
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 59th percentile among comparable filings
  • Pay-setting controls: 3 of 6 controls in place; rating input score 50
    • Compensation committee: Missing
    • Independent consultant: Pass
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Pass
    • Board or committee approval: Pass
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 100%; rating input score 100; 70th percentile among comparable filings
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 0%; rating input score 0; 3rd percentile among comparable filings
  • Governance controls: 7 of 9 controls in place; rating input score 78
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: Pass
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Fail
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: -10.6%; rating input score 11; 11th percentile among comparable filings
  • Total-asset coverage ratio: 5.09; rating input score 85; 85th percentile among comparable filings
  • Liabilities to assets ratio: 0.39; rating input score 38; 38th percentile among comparable filings
  • Officer compensation ratio: 5.6%; rating input score 40; 40th percentile among comparable filings

Growth

  • Program expense growth: Limited
  • Revenue growth: 3.4% per year; rating input score 100; 53rd percentile among comparable filings
  • Asset growth: -6.9% per year; rating input score 0; 17th percentile among comparable filings

Details

  • Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
  • Governance: 0 of 3 board members independent · 7 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $3M in reported program spending
  • Leadership: top reported pay $175K · 4 people listed · 3 of 6 pay-setting controls reported
  • Highest-paid contractors: 1 contractor listed
  • Consistency: 23 of 23 current checks pass
  • Schedules: 6 filed schedules · includes grants and executive pay
  • Filing history: 2 filing years from 2010 to 2011
  • Money network: 2 filed money-flow records
  • Related organizations: 4 filed related-organization links
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Accountability: Independent voting board scored 0/100.
  • High — Sustainability: Operating margin scored 11/100.
  • Review — Accountability: Governance controls: 2 of 9 not reported.
  • High — Growth: Asset growth scored 0/100.
  • Moderate — Sustainability: Liabilities to assets ratio scored 38/100.
  • Moderate — Sustainability: Officer compensation ratio scored 40/100.