Totals
- Total revenue
- $631,317
- Total expenses
- $613,872
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $631,317
- Investment income
- $0
- Other revenue
- $0
- Total assets, end of year
- $7,832,606
- Total liabilities, end of year
- $8,326,914
- Net assets or fund balances, end of year
- -$494,308
- Program services expenses (Part IX)
- $613,872
- Management and general expenses
- $0
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $613,872
Program services were 100.0% 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.
-
2a · Program service revenue: RENTAL INCOME
total $631,317 · related or exempt $631,317
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $0
-
2 · Grants to domestic individuals
total $0
-
3 · Grants to foreign organizations and individuals
total $0
-
4 · Benefits paid to or for members
total $0
-
5 · Compensation of officers, directors and key employees
total $0
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $0
-
8 · Pension plan contributions
total $0
-
9 · Other employee benefits
total $0
-
10 · Payroll taxes
total $0
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $0
-
11c · Fees: accounting
total $0
-
11d · Fees: lobbying
total $0
-
11f · Fees: investment management
total $0
-
11g · Fees: other
total $38,566 · program services $38,566
-
12 · Advertising and promotion
total $0
-
13 · Office expenses
total $0
-
14 · Information technology
total $0
-
15 · Royalties
total $0
-
16 · Occupancy
total $0
-
17 · Travel
total $0
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $0
-
20 · Interest
total $409,638 · program services $409,638
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $165,668 · program services $165,668
-
23 · Insurance
total $0
-
24e · All other expenses
total $0
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
end of year $7,381
-
2 · Savings and temporary cash investments
beginning of year $980,618 · end of year $993,690
-
10a · Land, buildings and equipment: cost or other basis
$7,494,207
-
10b · Land, buildings and equipment: accumulated depreciation
$662,672
-
10c · Land, buildings and equipment, net
beginning of year $6,997,203 · end of year $6,831,535
-
17 · Accounts payable and accrued expenses
beginning of year $49,281 · end of year $33,938
-
20 · Tax-exempt bond liabilities
beginning of year $8,422,034 · end of year $8,292,976
-
25 · Other liabilities
beginning of year $284,336
-
29 · Capital stock, trust principal or current funds
beginning of year -$59,977
-
30 · Paid-in or capital surplus, or land, building or equipment fund
beginning of year -$717,853 · end of year -$494,308
Mission and programs · 2023
Mission
TO PROVIDE FACILITIES FOR FRIENDSHIP ACADEMY OF THE ARTS FOR THE PURPOSE OF RUNNING A CHARTER SCHOOL.
-
TO PROVIDE FACILITIES FOR FRIENDSHIP ACADEMY OF THE ARTS FOR THE PURPOSE OF RUNNING A CHARTER SCHOOL.
Expenses $613,872
As filed on the 2023 return.
Listed in Part VII
-
Dr B Charvez RussellDR B CHARVEZ RUSSELL
ASSISTANT SECRETARY
- Total calculated
- $30,284
- From this org
- $30,284
- From related orgs
- $0
- Other
- $0
- Hours/week
- 1 + 40 related
-
Mary RileyMARY RILEY
SECRETARY
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Wendy HinesWENDY HINES
CHAIR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Ananysia JosephANANYSIA JOSEPH
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
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.
Grants on this return
No itemized grants to organizations on this return.
Related organizations on this return
Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.
-
FRIENDSHIP ACADEMY OF THE ARTS
501C3 · EDUCATION · MN
Directly controlled by NA
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 7 March 2025
- IRS schema version
- 2023v6.0
- Source object
- 202530669349301138
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