General information

Quickcard: Phocis, Inc.

Employer Identification Number (EIN):

93-0908525

Stated primary purpose ()

"Phocis, Inc., is an Oregon nonprofit corporation, organized exclusively for educational and charitable purpose. It is exempt from tax under section 501(c)(3) of the Internal Revenue Code of 1986. Phocis, Inc., operates as a supporting organization for the benefit of, to perform the functions of, or to carry out the exempt purposes of its two supported organizations (Delphi Schools, Inc. (an Oregon nonprofit corporation), and Delphi Academy of Boston, Inc. (a Massachusetts nonprofit corporation)) -- both of which are themselves organized exclusively for educational purposes, and are exempt from tax under section 501(c)(3) of the Internal Revenue Code of 1986."

Address (as of 2007):

20750 S.W. Rock Creek Road
Sheridan, OR
97378
United States

At a glance

Revenue, expenses, and changes in net assets or funds balances [From Part 1 of 990 filings]
Line	Description		2007	2006	2005	2004	2003	2002	2001	2000	1999	Comment
1a	Contributions to donor advised funds
1b	Direct public support				977,506	5,000	36,051	443,623	851,464	1,492,334	305,755
1c	Indirect public support
1d	Government contributions (grants)
1e cash	Contributions, gifts, grants, and similar amounts received				55,231	5,000	36,051	443,623	847,976	440,057	255,246
1e non-cash	Contributions, gifts, grants, and similar amounts received				922,275				3,488	1,052,277	50,509
2	Program services revenue including government fees and contracts		2,523,471	2,290,200	2,282,500	1,900,525	1,883,760	1,157,841	960,953	1,483,934	1,405,094
3	Membership dues and assessments
4	Interest on savings and temporary cash investments		59,994	37,169	42,876	42,923	36,017	50,553	234,743	94,816	9,418
5	Dividends and interest from securities		55,928	53,355	26,387	14,893	10,026	14,125	40,719	66,386	69,959
6a	Gross rents										78,000
6b	Less rental expenses										79,695
6c	Net rental income or (loss)										-1,695
7	Other investment income
8Aa	Gross amount from sales of securities		2,193,875	1,621,375	1,419,535	1,493,225	1,650,369	1,255,117	3,772,448	1,688,103	124,662
8Ab	Less cost of goods sold		2,142,918	1,537,066	1,333,053	1,422,974	1,669,157	1,292,096	3,815,563	1,688,146	127,487
8Ba	Gross amount from sales of other assets			60	500		130	1,050	943,000	4,350
8Bb	Less cost of goods sold				1,834		2,082	6,850	738,884	4,731
8d	Net gain or (loss) from sales of assets other than inventory		50,957	84,369	85,148	70,251	-20,740	-42,779	161,001	-424	-2,825
9a	Gross revenue from special events and activities										82,068
9b	Less direct expenses other than fundraising expenses										10,622
9c	Net income or (loss) from special events										71,446
10a	Gross sales of inventory, less return and allowances
10b	Less cost of goods sold
10c	Gross profit or (loss) from sales of inventory
11	Other revenue		103	1,967				2,718	26		3,698
990T-3	Net income from unrelated business activities
12	Total revenue		2,690,453	2,467,060	3,414,417	2,033,592	1,945,114	1,626,081	2,248,906	3,137,046	1,860,850
13	Program services expenses		2,140,823	2,266,374	2,513,498	1,702,242	1,295,347	805,533	2,069,677	1,477,173	1,148,570
14	Management and general expenses		77,529	82,769	146,207	147,871	64,047	61,397	130,529	65,807	78,728
15	Fundraising expenses							19,104	59,846	38,185	1,676
16	Payments to affiliates
17	Total expenses		2,218,352	2,349,143	2,659,705	1,850,113	1,359,394	886,034	2,260,052	1,581,165	1,228,974
18	Excess or (deficit) for the year		472,101	117,917	754,712	183,479	585,720	740,047	-11,146	1,555,881	631,876
19	Net assets or fund balances at beginning of year		10,098,409	9,889,200	9,035,490	8,692,421	7,771,640	7,513,938	7,613,116	6,051,967	5,436,677
20	Other changes in net assets or fund balances		-249,817	91,292	98,998	159,590	335,061	-482,345	-88,032	5,268	-16,586
21	Net assets or fund balances at end of year		10,320,693	10,098,409	9,889,200	9,035,490	8,692,421	7,771,640	7,513,938	7,613,116	6,051,967
Analysis of income-producing activities [From Part 7 of 990 filings]
	Raw statement - corrected		2007	2006	2005	2004	2003	2002	2001	2000	1999	Comment
	License fee income		400,554	392,700	385,000
	Miscellaneous income		103	1,967				2,718	26
	Property tax refund										3,698
	Rent income		2,122,917	1,897,500	1,897,500	1,900,525	1,883,760	1,157,841	960,953	1,483,934	1,405,094
Statement of functional expenses [From Part 2 of 990 filings]
Line	Description		2007	2006	2005	2004	2003	2002	2001	2000	1999	Comment
22 cash	Grants and allocations		274,000	349,570	205,250	154,729	3,392	372,597	770,802	807,478	482,335
22 non-cash	Grants and allocations		669,329	724,348	1,084,562	506,976	329,398				80,729
23A	Specific assistance to individuals
24A	Benefits paid to or for members
25Aa	Compensation of officers, directors, etc.		179,374	186,084	176,134	111,878	70,250	97,200	126,715	96,925	147,694
25Ab	Compensation of former officers, directors, etc.
26A	Other salaries and wages
27A	Pension plan contributions					52,074
28A	Other employee benefits		2,001	2,000		18,335	16,184	13,644	14,746	13,627	5,827
29A	Payroll taxes		10,123	10,198	9,482	6,123	6,476	8,455	8,848	7,459	7,581
	Sum of salary-related expenses		191,498	198,282	185,616	188,410	92,910	119,299	150,309	118,011	161,102
90b	Number of employees		2	2	2	2	2	2	2	2	2
30A	Professional fundraising fees
31A	Accounting fees		21,795	19,512	17,739	16,000	15,516	14,339	19,943	13,893	8,200
32A	Legal fees		45,579	16,054	99,488	84,414	13,427	11,101	167,925	87,599	93,682
33A	Supplies		2,005	2,927	7,274	3,940	3,271	2,843	4,510	5,330	6,046
34A	Telephone		2,852	3,168	2,815	1,775	2,460	2,483	1,674	1,897	2,131
35A	Postage and shipping
36A	Occupancy
37A	Equipment rental and maintenance		782
38A	Printing and publications
39A	Travel		10,054	9,410	8,113	13,054	26,805	12,686	15,082	10,331	19,691
40A	Conferences, conventions, and meetings
41A	Interest		449,896	497,674	521,150	496,735	502,668	122,854	504,333	242,101	88,348
42A	Depreciation, depletion, etc.		366,081	356,550	355,298	352,234	333,344	172,896	189,733	195,606	175,680
43A	Other expenses not covered above		184,481	171,648	172,400	31,846	36,203	54,936	435,741	98,919	111,030
44A	Total functional expenses		2,218,352	2,349,143	2,659,705	1,850,113	1,359,394	886,034	2,260,052	1,581,165	1,228,974
Other expenses [From Part II/Line 43 of 990 filings]
	Raw statement - corrected		2007	2006	2005	2004	2003	2002	2001	2000	1999	Comment
	Amortization		148,398	148,398	148,398	7,784	7,784	12,002	29,805	10,882	2,824
	Annual report fees		693	584	519	563	554	592	649	908	580
	Bank charges		219	230	186	615	789	1,508	29,110	1,583	2,958
	Bond issue costs on early debt extinguishment								284,707
	Building maintenance				450	166	3,112	198	146	8,277	1,431
	Donations								1,653
	Dues and subscriptions		20		827	169	384	398		499	199
	Indirect fundraising expenses										1,676
	Investment management fee		23,202	21,024	22,020	22,549	20,118	16,390	11,808
	Land use research			1,412
	Los Angeles building fund								47,514
	Other fundraising expenses–SF							8,575
	Other fundraising expenses–Sheridan							10,529
	Property taxes		1,767				3,462	4,744	7,454	33,150
	Sheridan expansion fund drive								3,722	8,551
	Sheridan fourth floor renovations project								6,271	5,888
	Sheridan other fundraising expenses								2,339
	Site search								10,563	5,435	101,362
	Undercompensation study		10,182
	[merged items]									23,746
Grants and allocations [From Part II/Line 22 of 990 filings] 2 grants under $2,000 not shown. For a list of all grants, see detailed transactions.
	Grantees	Statement	2007	2006	2005	2004	2003	2002	2001	2000	1999	Comment
	Delphi Academy of Boston, Inc.	Operatng exps and budget shortfall									85,650
		Program services						35,100	137,186	45,125
		Rent reduction		35,100	35,100	35,100	35,100
	Delphi Academy of Sacramento (Applied Education, Inc.)	Program services							99,070	6,070
	Delphi Schools, Inc.	Grants	274,000
		Inventory			167,882
		Legal services									80,729
		Legals fees			27,296
		Operatng exps and budget shortfall									340,300
		Program services		349,570	205,250	154,729	3,392	336,877	534,546	756,283	36,500
		Rent reduction	669,329	689,248	854,284	471,876	294,298
Payments to affiliates [From Part I/Line 16 of 990 filings]
N/A
Balance sheets [From Part 4 of 990 filings]
Line	Description		2007	2006	2005	2004	2003	2002	2001	2000	1999	Comment
45B	Cash – non-interest-bearing		73,715	227,856	64,153	16,975	65,161	27,689	261,640	33,506	112,283
46B	Savings and temporary cash investments		561,691	399,896	377,821	453,943	512,981	478,684	545,020	1,628,563	1,574,119
47Ba	Accounts receivable		29,401	97,092	28,267	61,889	6,577	20,647	6,973	6,725	4,810
47Bb	Less: allowance for doubtful accounts
47Bc	Accounts receivable net of doubful accounts		29,401	97,092	28,267	61,889	6,577	20,647	6,973	6,725	4,810
48Ba	Pledges receivable								255,000	1,127,550
48Bb	Less: allowance for doubtful accounts
48Bc	Pledges receivable net of doubful accounts								255,000	1,127,550
49B	Grants receivable
50B	Receivables from officers, directors, trustees, and key employees
51Ba	Other notes and loans receivable
51Bb	Less: allowance for doubtful accounts
51Bc	Other notes and loans receivable net of doubtful accounts
52B	Inventories for sale or use
53B	Prepaid expenses and deferred charges
54B	Investments – publicly-traded securities		1,944,288	2,197,735	2,323,360	2,130,095	2,088,016	1,956,189	1,491,514	24,318	80,803
54Bb	Investments – other securities		408,467	397,174
55Ba	Investments – land, buildings, and equipment: basis										744,519
55Bb	Less: accumulated depreciation										27,559
55Bc	Investments – land, buildings, and equipment net of accumulated depreciation										716,960
56B	Investments – other
57Ba	Land, buildings, and equipment: basis		17,698,046	17,035,545	16,418,408	16,316,324	15,647,657	14,250,740	8,606,906	8,098,589	6,182,656
57Bb	Less: accumulated depreciation		3,754,917	3,389,335	3,034,122	2,781,110	2,428,876	2,101,175	2,019,065	1,879,765	1,663,194
57Bc	Land, buildings, and equipment net of accumulated depreciation		13,943,129	13,646,210	13,384,286	13,535,214	13,218,781	12,149,565	6,587,841	6,218,824	4,519,462
58B	Other assets		1,025,810	1,174,208	1,322,606	104,964	335,125	80,434	4,218	5,347,013	567,816
59B	Total assets		17,986,501	18,140,171	17,500,493	16,303,080	16,226,641	14,713,208	9,152,206	14,386,499	7,576,253
60B	Accounts payable and accrued expenses		490,130	502,386	378,380	267,482	404,545	1,089,305	171,289	137,915	43,845
61B	Grants payable
62B	Deferred revenue								19,195	20,860	14,780
63B	Loans from officers, directors, trustees, and key employees
64Ba	Tax-exempt bond liabilities									5,240,000
64Bb	Mortgages and other notes payable		7,175,678	7,539,376	7,232,913	7,000,108	7,129,675	5,852,263	1,447,784	1,374,608	1,465,661
65B	Other liabilities
66B	Total liabilities		7,665,808	8,041,762	7,611,293	7,267,590	7,534,220	6,941,568	1,638,268	6,773,383	1,524,286
67B	Unrestricted		8,063,355	7,928,293	7,740,481	6,881,661	6,829,113	6,019,846	5,736,035	6,193,298	5,877,061
68B	Temporarily restricted		422,527	404,669	461,965	482,615	293,286	363,958	400,252	1,419,818	174,906
69B	Permanently restricted		1,834,811	1,765,447	1,686,754	1,671,214	1,570,022	1,387,836	1,377,651
70B	Capital stock, trust principal, or current funds
71B	Paid-in or capital surplus, or land, building, and equipment fund
72B	Retained earnings, endowment, accumulated income, or other funds
73B	Total net assets or fund balances		10,320,693	10,098,409	9,889,200	9,035,490	8,692,421	7,771,640	7,513,938	7,613,116	6,051,967
Statement of program service accomplishments [From Part III of 990 filings]
			2007	2006	2005	2004	2003	2002	2001	2000	1999	Comment
Support to Delphi Schools, and Delphi Academy of Boston
Detailed statements
Grants			943,329	1,073,918	1,289,812	964,151	332,790	372,597	770,802	807,478	563,064
Expenses			1,197,494	1,192,456	1,223,686	738,091	962,557	432,936	1,298,875	669,695	585,506
Total expenses			2,140,823	2,266,374	2,513,498	1,702,242	1,295,347	805,533	2,069,677	1,477,173	1,148,570

People/corporations linked to the entity

[From various sources]

Name	Relation	Duty	2007	2006	2005	2004	2003	2002	2001	2000	1999
Cynthia P. Bartholomew Perkins & Company, P.C.	Contractor	Tax return preparer	✔	✔			✔
Robert G. Burt (PC)	Contractor	Legal services			99,488	277,935	489,379	393,788	161,409	87,599	73,036
Christine J. Perpelitt	Director	Director, secretary, treasurer	44,737	44,232	43,051	39,159	26,438	26,180	24,215	18,600	16,475
E. Ray Phelps	Director	Director, president	134,637	141,852	133,083	136,343	59,996	89,980	102,500	78,325	138,992
Patricia Schmitt Perkins & Company, P.C.	Contractor	Tax return preparer			✔	✔		✔
Mark I. Siegel	Director	Director	0	0	0	0	0	0	0	0	0
Perkins & Company, P.C.	Contractor	Tax return preparer							✔	✔	✔

Notes

Phocis, Inc. also operates (or used to operate) under the following names:

• Delphi Curriculum ^[ref]
• Delphian Funding Organization ^[ref]
• Delphi Funding ^[ref]
• Delphi Heritage Fund ^[ref]
• Delphi Schools Program ^[ref]
• Heron Curriculum ^[ref]

The 2005 990 filing contains the following disclosure ():

"During 2005, Phocis acquired all of the assets of Tamarack Productions, Inc., for $1,624,251.00, which assets were comprised of intellectual properties, goodwill, educational curriculum, management software, accounts receivable, inventory, and miscellaneous depreciable property. Phocis, Inc., immediately transferred the acquired accounts receivable, inventory, and depreciable property, as a grant, to one of its supported organizations, Delphi Schools, Inc. The acquired intellectual property, educational curriculum, and management software (collectively "intellectual properties") had been previously licensed by Tamarack Productions, Inc., to Delphi Schools, Inc., (as an integral part of its "Delphi Program"), and others.

"Following  Phocis, Inc.'s acquisition of the intellectual property, Phocis, Inc., licensed the intellectual properties to Delphi Schools, Inc., pursuant to a development license, in order to perpetuate Delphi Schools, Inc.'s own development, use, and license of the Delphi Program (to its own affiliates, as well as Tamarack Productions, Inc.'s former licenses).

"It is expected that, following satisfaction of Phocis, Inc.'s acquisition costs, Phocis, Inc., will reduce its license fees to Delphi Schools, Inc., to below market."