Totals
- Total revenue
- $35,633,692
- Total expenses
- $37,994,599
- Contributions and grants received
- $3,362,304
- Grants paid
- $2,696,983
- Program service revenue
- $30,049,398
- Investment income
- $2,048,700
- Other revenue
- $173,290
- Total assets, end of year
- $116,909,317
- Total liabilities, end of year
- $18,235,245
- Net assets or fund balances, end of year
- $98,674,072
- Program services expenses (Part IX)
- $30,500,451
- Management and general expenses
- $5,903,496
- Fundraising expenses
- $1,590,652
- Program service expenses (Part III)
- $30,500,451
Program services were 80.3% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1c · Fundraising events
$328,043
-
1e · Government grants (contributions)
$417,245
-
1f · All other contributions, gifts and grants
$2,617,016
-
2a · Program service revenue: TUITION AND FEES
total $27,710,573 · related or exempt $27,710,573
-
2b · Program service revenue: AUXILIARY SERVICES
total $1,208,636 · related or exempt $1,208,636
-
2c · Program service revenue: SUMMER AND AFTERSCHOOL PROGRAMS
total $1,130,189 · related or exempt $1,130,189
-
3 · Investment income
total $2,048,644 · excluded $2,048,644
-
6a · Gross rents
real property $247,380
-
6b · Less rental expenses
real property $164,834
-
6c · Rental income or loss
real property $82,546
-
6d · Net rental income or loss
total $82,546 · excluded $82,546
-
7a · Gross sales of assets other than inventory
securities $3,040,903
-
7b · Less cost or other basis and sales expenses
securities $3,040,847
-
7c · Gain or loss
securities $56
-
7d · Net gain or loss
total $56 · excluded $56
-
8a · Fundraising events: gross income
$343,809
-
8a · Fundraising events: contributions included on line 1c
$328,043
-
8b · Fundraising events: direct expenses
$259,454
-
8c · Net income from fundraising events
total $84,355 · excluded $84,355
-
11a · Other revenue: MISCELLANEOUS
total $6,389 · excluded $6,389
-
11e · Other revenue, total
$6,389
Functional expenses
Part IX, the statement of functional expenses.
-
2 · Grants to domestic individuals
total $2,696,983 · program services $2,696,983
-
5 · Compensation of officers, directors and key employees
total $1,126,935 · management and general $1,126,935
-
7 · Other salaries and wages
total $16,737,415 · program services $14,101,113 · management and general $1,572,285 · fundraising $1,064,017
-
8 · Pension plan contributions
total $777,861 · program services $609,608 · management and general $117,102 · fundraising $51,151
-
9 · Other employee benefits
total $3,953,855 · program services $3,201,642 · management and general $528,050 · fundraising $224,163
-
10 · Payroll taxes
total $1,362,813 · program services $1,040,373 · management and general $243,090 · fundraising $79,350
-
11b · Fees: legal
total $82,979 · program services $82,979
-
11c · Fees: accounting
total $54,950 · management and general $54,950
-
11g · Fees: other
total $2,119,679 · program services $1,215,708 · management and general $860,482 · fundraising $43,489
-
12 · Advertising and promotion
total $135,044 · program services $2,011 · management and general $125,949 · fundraising $7,084
-
13 · Office expenses
total $314,185 · program services $148,493 · management and general $137,681 · fundraising $28,011
-
14 · Information technology
total $593,338 · program services $92,126 · management and general $501,212
-
16 · Occupancy
total $1,918,640 · program services $1,648,776 · management and general $238,337 · fundraising $31,527
-
17 · Travel
total $307,215 · program services $307,005 · management and general $105 · fundraising $105
-
22 · Depreciation, depletion and amortization
total $1,548,821 · program services $1,471,380 · management and general $77,441
-
23 · Insurance
total $653,614 · program services $607,946 · management and general $32,620 · fundraising $13,048
-
24a · Other expenses: FUNCTIONS AND FOOD
total $1,180,582 · program services $1,105,070 · management and general $49,203 · fundraising $26,309
-
24b · Other expenses: CLASSROOM INSTRUCTION
total $961,359 · program services $961,359
-
24c · Other expenses: REPAIRS AND MAINTENANCE
total $808,711 · program services $786,577 · management and general $13,727 · fundraising $8,407
-
24d · Other expenses: TRAINING AND DEVELOPMEN
total $215,440 · program services $187,273 · management and general $14,837 · fundraising $13,330
-
24e · All other expenses
total $444,180 · program services $234,029 · management and general $209,490 · fundraising $661
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $8,467,821 · end of year $9,280,620
-
2 · Savings and temporary cash investments
beginning of year $25,488 · end of year $138
-
3 · Pledges and grants receivable
beginning of year $217,809 · end of year $293,027
-
4 · Accounts receivable
beginning of year $375,493 · end of year $320,520
-
7 · Other notes and loans receivable
beginning of year $2,980 · end of year $1,887
-
9 · Prepaid expenses and deferred charges
beginning of year $303,720 · end of year $651,338
-
10a · Land, buildings and equipment: cost or other basis
$72,109,199
-
10b · Land, buildings and equipment: accumulated depreciation
$31,632,917
-
10c · Land, buildings and equipment, net
beginning of year $40,733,898 · end of year $40,476,282
-
11 · Investments: publicly traded securities
beginning of year $60,374,570 · end of year $65,885,505
-
17 · Accounts payable and accrued expenses
beginning of year $2,019,831 · end of year $2,891,925
-
19 · Deferred revenue
beginning of year $4,587,712 · end of year $4,564,945
-
20 · Tax-exempt bond liabilities
beginning of year $9,792,545 · end of year $10,778,375
-
27 · Net assets without donor restrictions
beginning of year $89,747,917 · end of year $93,604,936
-
28 · Net assets with donor restrictions
beginning of year $4,353,774 · end of year $5,069,136
Mission and programs · 2023
Mission
GUIDED BY OUR QUAKER PRINCIPLES, FRIENDS ACADEMY EDUCATES OUR STUDENTS TO DISCOVER AND DEVELOP THE BEST OF WHO THEY ARE AND WHO THEY CAN BECOME. WE ACHIEVE EDUCATIONAL EXCELLENCE BY COMMITTING TO THE HIGHEST STANDARDS OF LEARNING AND LIVING. OUR DIVERSE AND WELCOMING COMMUNITY IS STRENGTHENED BY OUR QUAKER VALUES, WHICH EMPOWER OUR STUDENTS TO INQUIRE, REFLECT, AND ENGAGE IN THEIR CLASSROOMS, IN THEIR NEIGHBORHOODS, AND IN THE WORLD. BECAUSE WHEN WE INSPIRE STUDENTS TO LEARN AND LIVE WITH PURPOSE, THEY ACHIEVE GREATNESS WITHOUT SACRIFICING GOODNESS.
Activities or mission (Part I)
TO OPERATE AN INDEPENDENT ELEMENTARY AND SECONDARY EDUCATIONAL INSTITUTION.
-
INSTRUCTION AND STUDENT ACTIVITIES - ACADEMICS: AS A QUAKER SCHOOL, FRIENDS ENDORSES THE PRINCIPLE THAT ALL STUDENTS HAVE WORTH AND ABILITY, AND OUR ACADEMIC PROGRAM PROVIDES FOR EACH STUDENT TO FIND HIS OR HER OWN VOICE AND ACHIEVE EXCELLENCE. CHARACTER EDUCATION: A CENTER PIECE OF OUR PROGRAM IS COMMUNITY SERVICE, ONE OF THE ESSENTIAL QUAKER TESTIMONIES. WE OFFER AGE APPROPRIATE SERVICE OPPORTUNITIES FOR ALL OUR STUDENTS AS WE TEACH THEM THAT INDIVIDUALS CAN MAKE A DIFFERENCE IN THE WORLD. COLLEGE PREPARATION: WE ARE COMMITTED TO PREPARING STUDENTS NOT ONLY FOR COLLEGE, BUT ALSO FOR RESPONSIBLE CITIZENSHIP. TO THAT END, BEYOND COMMUNITY SERVICE, WE NURTURE LEADERSHIP, CIVIC RESPONSIBILITY, AND COMMUNITY ESPECIALLY IN TERMS OF EQUALITY AND DIVERSITY. FRIENDS ACADEMY SERVED 662 STUDENTS DURING THE 2023-2024 SCHOOL YEAR.
Expenses $30,001,214 · Grants $2,599,580 · Revenue $28,919,209
-
SUMMER PROGRAM: FRIENDS ACADEMY SUMMER CAMP PROGRAMS ARE BASED ON THE BELIEF IN THE UNIQUE WORTH OF EVERY CHILD. PROGRAM ACCOMPLISHMENTS INCLUDE DEVELOPING EACH CAMPER'S SELF-CONFIDENCE AS FULLY AS POSSIBLE BY PROVIDING A PLACE WHERE CHILDREN CAN HAVE FUN, MAKE FRIENDS, AND LEARN IN A SAFE AND FRIENDLY ENVIRONMENT, IMPLEMENTING AN ORGANIZED PROGRAM OF FUN AND EXCITING ACTIVITIES THAT PROVIDE MULTIPLE OPPORTUNITIES FOR CAMPERS TO LEARN, SUCCEED, AND DEVELOP CONFIDENCE. THE SUMMER CAMP CONSISTS OF OVER 30 DIVERSE PROGRAMS (SPORTS, ARTS, SCIENCE, COMPUTERS, ACADEMIC AND TRAVEL) FOR AGES 3-15 YRS.
Expenses $499,237 · Grants $97,403 · Revenue $1,130,189
As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
FRANK INGRASSIA
PRESIDENT
- Total calculated
- $0
- Hours/week
- 0.3
-
DAVID GELFAND
VICE PRESIDENT
- Total calculated
- $0
- Hours/week
- 0.3
-
RACHEL ETESS GREEN
VICE PRESIDENT
- Total calculated
- $0
- Hours/week
- 0.3
-
STEPHEN WITTHUHN
TREASURER
- Total calculated
- $0
- Hours/week
- 0.3
-
ANDREW MENZIN
SECRETARY
- Total calculated
- $0
- Hours/week
- 0.3
-
RAJINDER SINGH
ASSISTANT TREASURER
- Total calculated
- $0
- Hours/week
- 0.3
-
DANIEL BYSTROM
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.3
-
JEFF DANIELS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.3
-
TIM DOOLEY
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.3
-
TONY FLORENCE
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.3
-
THOMAS GIBIAN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.3
-
GREGORY JASKE
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.3
-
JEANNINE LOSTRITTO
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.3
-
ROSEANN MARTIN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.3
-
JED MOREY
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.3
-
CAROLYN MOTT
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.3
-
CHRISTINE PELLETIER
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.3
-
JOSEPH PODBELA
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.3
-
JENNIFER WOLF
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.3
-
ZIMU ZHENG
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.3
-
MICHAEL KEATS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.3
-
ANN MARIE TIDONA
DIRECTOR OF FINANCE
- Total calculated
- $386,709
- From this org
- $319,141
- From related orgs
- $0
- Other
- $67,568
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $318,367
- Bonus
- $0
- Other
- $774
- Deferred
- $33,000
- Nontaxable benefits
- $34,568
- Filer's total
- $386,709
-
PAUL STELLATO
HEAD OF SCHOOL
- Total calculated
- $415,433
- From this org
- $309,515
- From related orgs
- $0
- Other
- $105,918
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $308,753
- Bonus
- $0
- Other
- $762
- Deferred
- $6,600
- Nontaxable benefits
- $99,318
- Filer's total
- $415,433
-
TAISHA THOMPSON
DIRECTOR OF ADMISSIONS
- Total calculated
- $296,878
- From this org
- $245,945
- From related orgs
- $0
- Other
- $50,933
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $228,865
- Bonus
- $16,666
- Other
- $414
- Deferred
- $9,556
- Nontaxable benefits
- $41,377
- Filer's total
- $296,878
-
JENIFER HALLIDAY
ASSISTANT HEAD OF SCHOOL
- Total calculated
- $370,423
- From this org
- $224,170
- From related orgs
- $0
- Other
- $146,253
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $223,900
- Bonus
- $0
- Other
- $270
- Deferred
- $8,956
- Nontaxable benefits
- $137,297
- Filer's total
- $370,423
-
KEVIN BARRY
DIRECTOR OF ADVANCEMENT
- Total calculated
- $251,420
- From this org
- $217,512
- From related orgs
- $0
- Other
- $33,908
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $217,332
- Bonus
- $0
- Other
- $180
- Deferred
- $8,693
- Nontaxable benefits
- $25,215
- Filer's total
- $251,420
-
MARK SCHOEFFEL
UPPER SCHOOL PRINCIPAL
- Total calculated
- $259,891
- From this org
- $209,124
- From related orgs
- $0
- Other
- $50,767
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $198,350
- Bonus
- $10,000
- Other
- $774
- Deferred
- $8,195
- Nontaxable benefits
- $42,572
- Filer's total
- $259,891
-
DIANA PARENTE
DIRECTOR OF ATHLETICS & P.E.
- Total calculated
- $247,425
- From this org
- $177,548
- From related orgs
- $0
- Other
- $69,877
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $177,380
- Bonus
- $0
- Other
- $168
- Deferred
- $7,315
- Nontaxable benefits
- $62,562
- Filer's total
- $247,425
-
ANDREA KELLY
FORMER HEAD OF SCHOOL
- Total calculated
- $392,719
- From this org
- $279,288
- From related orgs
- $0
- Other
- $113,431
- Hours/week
- 0
Schedule J breakdown matched by us
- Base
- $274,891
- Bonus
- $0
- Other
- $4,397
- Deferred
- $17,850
- Nontaxable benefits
- $95,581
- Filer's total
- $392,719
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
- 1a · Housing allowance or residence for personal use
- 1a · Personal services (maid, chauffeur, chef)
- 1b · Written policy on the line-1a expenses
- 2 · Substantiation required before reimbursing expenses
- 3 · Compensation committee
- 3 · Independent compensation consultant
- 3 · Form 990 of other organizations
- 3 · Compensation survey or study
- 3 · Approval by the board or compensation committee
- 7 · Other non-fixed payments
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
- 5a · Pay contingent on this organization's revenues
- 5b · Pay contingent on a related organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 8 · Paid under the initial-contract exception
The filer's explanations (Part III)
- PART I, LINE 1A
- AS A CONDITION OF EMPLOYMENT, PAUL STELLATO, THE HEAD OF SCHOOL, AND JENIFER HALLIDAY, ASSISTANT HEAD OF SCHOOL, MAINTAIN THEIR PRINCIPAL RESIDENCE AT THE SCHOOL. THE SCHOOL WILL ALSO PROVIDE THE HEAD OF SCHOOL'S RESIDENCE WITH HOUSEHOLD SERVICES AND UPKEEP, INCLUDING UTILITIES, CLEANING, LANDSCAPING, LAWN MAINTENANCE, AND OTHER SIMILAR EXPENDITURES. THE HOUSING IS NON-TAXABLE TO BOTH INDIVIDUALS. THE FORMER HEAD OF SCHOOL ALSO MAINTAINED THEIR RESIDENCE AT THE SCHOOL THROUGH JUNE 2023. THEIR HOUSING ALLOWANCE WAS ALSO NONTAXABLE.
- PART I, LINE 7
- INDIVIDUALS REPORTED ON FORM 990, PART VII, SECTION A AND SCHEDULE J, PART II RECEIVED DISCRETIONARY BONUSES APPROVED BY THE HEAD OF SCHOOL IN 2023.
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 28 October 2024
- IRS schema version
- 2023v5.1
- Source object
- 202403029349302505
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