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Nonprofiteer
← FRIENDS SCHOOL CORPORATION

Form 990 for tax year 2024

Filed by FRIENDS SCHOOL CORPORATION.

Totals

Total revenue
$4,642,276
Total expenses
$4,826,723
Contributions and grants received
$96,153
Grants paid
$908,307
Program service revenue
$4,455,491
Investment income
$36,558
Other revenue
$54,074
Total assets, end of year
$5,564,332
Total liabilities, end of year
$3,574,708
Net assets or fund balances, end of year
$1,989,624
Program services expenses (Part IX)
$3,689,667
Management and general expenses
$1,040,611
Fundraising expenses
$96,445
Program service expenses (Part III)
$3,689,667

Program services were 76.4% 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.

  • 1f · All other contributions, gifts and grants

    $96,153

  • 1g · Noncash contributions included above

    $37,977

  • 2a · Program service revenue: TUITION

    total $3,983,556 · related or exempt $3,983,556

  • 2b · Program service revenue: SUMMER CAMP

    total $252,299 · related or exempt $252,299

  • 2c · Program service revenue: MUSIC PROGRAM

    total $74,324 · related or exempt $74,324

  • 2d · Program service revenue: STUDENT FEES AND CHARG

    total $60,526 · related or exempt $60,526

  • 2e · Program service revenue: ANCILLARY

    total $36,339 · related or exempt $36,339

  • 2f · All other program service revenue

    total $48,447 · related or exempt $48,447

  • 3 · Investment income

    total $36,558 · excluded $36,558

  • 11a · Other revenue: MISCELLANEOUS

    total $24,864 · related or exempt $24,864

  • 11b · Other revenue: SOLAR

    total $23,408 · related or exempt $23,408

  • 11c · Other revenue: OTHER RENT

    total $5,802 · related or exempt $5,802

  • 11e · Other revenue, total

    $54,074

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $908,307 · program services $908,307

  • 5 · Compensation of officers, directors and key employees

    total $173,172 · management and general $173,172

  • 7 · Other salaries and wages

    total $1,950,551 · program services $1,449,612 · management and general $436,346 · fundraising $64,593

  • 8 · Pension plan contributions

    total $41,542 · program services $28,356 · management and general $11,923 · fundraising $1,263

  • 9 · Other employee benefits

    total $216,487 · program services $147,770 · management and general $62,132 · fundraising $6,585

  • 10 · Payroll taxes

    total $158,374 · program services $108,103 · management and general $45,454 · fundraising $4,817

  • 11b · Fees: legal

    total $4,698 · management and general $4,698

  • 11c · Fees: accounting

    total $43,250 · management and general $43,250

  • 11g · Fees: other

    total $33 · management and general $33

  • 12 · Advertising and promotion

    total $6,805 · fundraising $6,805

  • 13 · Office expenses

    total $67,224 · management and general $67,224

  • 14 · Information technology

    total $4,831 · management and general $4,831

  • 16 · Occupancy

    total $88,390 · program services $79,551 · management and general $8,839

  • 20 · Interest

    total $75,694 · program services $68,125 · management and general $7,569

  • 22 · Depreciation, depletion and amortization

    total $251,036 · program services $225,932 · management and general $25,104

  • 23 · Insurance

    total $58,606 · management and general $58,606

  • 24a · Other expenses: DISCOUNTS ON TUITION

    total $338,872 · program services $338,872

  • 24b · Other expenses: TEACHING SUPPLIES

    total $146,849 · program services $146,849

  • 24c · Other expenses: REPAIRS AND MAINTENANCE

    total $88,696 · program services $79,826 · management and general $8,870

  • 24d · Other expenses: CUSTODIAL SUPPLIES

    total $46,882 · program services $46,882

  • 24e · All other expenses

    total $156,424 · program services $61,482 · management and general $82,560 · fundraising $12,382

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $401,902 · end of year $374,071

  • 2 · Savings and temporary cash investments

    beginning of year $977,526 · end of year $613,865

  • 4 · Accounts receivable

    beginning of year $12,042 · end of year $13,409

  • 9 · Prepaid expenses and deferred charges

    beginning of year $35,319 · end of year $71,251

  • 10a · Land, buildings and equipment: cost or other basis

    $8,983,566

  • 10b · Land, buildings and equipment: accumulated depreciation

    $5,021,080

  • 10c · Land, buildings and equipment, net

    beginning of year $4,031,568 · end of year $3,962,486

  • 12 · Investments: other securities

    beginning of year $467,529 · end of year $505,335

  • 15 · Other assets

    beginning of year $29,429 · end of year $23,915

  • 17 · Accounts payable and accrued expenses

    beginning of year $213,330 · end of year $165,907

  • 19 · Deferred revenue

    beginning of year $1,495,993 · end of year $1,383,248

  • 23 · Secured mortgages and notes payable

    beginning of year $2,061,275 · end of year $2,001,638

  • 25 · Other liabilities

    beginning of year $29,429 · end of year $23,915

  • 27 · Net assets without donor restrictions

    beginning of year $1,736,638 · end of year $1,686,089

  • 28 · Net assets with donor restrictions

    beginning of year $418,650 · end of year $303,535

Mission and programs · 2024

Mission

FRIENDS SCHOOL IS AN INDEPENDENT, COEDUCATIONAL, QUAKER DAY SCHOOL.

  • TO EDUCATE STUDENTS FROM PRE-KINDERGARTEN THROUGH EIGHTH GRADE. WE HAVE A STRONG ACADEMIC PROGRAM, A COMMITMENT TO THE ARTS, AND A SCHOOL COMMUNITY THAT STRESSES MUTUAL RESPECT AMONG ALL ITS MEMBERS.

    Expenses $3,689,667 · Grants $908,307 · Revenue $4,509,565

As filed on the 2024 return.

Listed in Part VII

  • Curt Lefferts

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Victoria Kuhn

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Hanshi Deshbandhu

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Kathleen Stetser

    AUDIT COMMITTEE CLERK

    Total calculated
    $0
    Hours/week
    2

  • Mike Ayars

    TEASURER AND ASSETS COMMIT

    Total calculated
    $0
    Hours/week
    2

  • Cori McMahon

    BOARD CLERK

    Total calculated
    $0
    Hours/week
    2

  • Jessica Waddington

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • David Calamaro

    CLERK

    Total calculated
    $0
    Hours/week
    2

  • Steve Waddington

    TRUSTEESHIP CLERK

    Total calculated
    $0
    Hours/week
    2

  • Alexandra Benas

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Jenel Giles

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Melissa McCourt

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Matthew Bradley

    HEAD OF SCHOOL, FORMER

    Total calculated
    $197,123
    From this org
    $173,172
    From related orgs
    $0
    Other
    $23,951
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $173,172
    Bonus
    $0
    Other
    $0
    Deferred
    $5,383
    Nontaxable benefits
    $18,568
    Filer's total
    $197,123

  • Erica Salmon

    HEAD OF SCHOOL (AUG 1, 2025)

    Total calculated
    $0
    Hours/week
    40

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

  • 3 · Written employment contract
  • 3 · Approval by the board or compensation committee

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
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

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
2024
Filed
9 June 2026
IRS schema version
2024v5.5
Source object
202601689349301205

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