Form 990 for tax year 2023
Filed by FRIENDSHIP ACADEMY OF THE ARTS.
Totals
- Total revenue
- $5,353,964
- Total expenses
- $4,552,790
- Contributions and grants received
- $5,300,759
- Grants paid
- $0
- Program service revenue
- $4,954
- Investment income
- $48,251
- Other revenue
- $0
- Total assets, end of year
- $2,707,332
- Total liabilities, end of year
- $3,348,995
- Net assets or fund balances, end of year
- -$641,663
- Program services expenses (Part IX)
- $4,096,822
- Management and general expenses
- $455,968
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $4,096,822
Program services were 90.0% 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.
-
1e · Government grants (contributions)
$5,300,759
-
2a · Program service revenue: FEES FROM PATRONS
total $4,954 · related or exempt $4,954
-
3 · Investment income
total $48,251 · related or exempt $48,251
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 $1,876,579 · program services $1,688,921 · management and general $187,658
-
8 · Pension plan contributions
total $0
-
9 · Other employee benefits
total $385,638 · program services $347,074 · management and general $38,564
-
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 $0
-
12 · Advertising and promotion
total $0
-
13 · Office expenses
total $29,351 · program services $26,416 · management and general $2,935
-
14 · Information technology
total $15,941 · program services $14,347 · management and general $1,594
-
15 · Royalties
total $0
-
16 · Occupancy
total $548,681 · program services $493,813 · management and general $54,868
-
17 · Travel
total $20,580 · program services $18,522 · management and general $2,058
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $0
-
20 · Interest
total $21,272 · program services $19,145 · management and general $2,127
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $0
-
23 · Insurance
total $35,328 · program services $31,795 · management and general $3,533
-
24a · Other expenses: SUPPLIES AND MATERIALS
total $96,927 · program services $87,234 · management and general $9,693
-
24b · Other expenses: CONSULTING FEES
total $536,269 · program services $482,642 · management and general $53,627
-
24c · Other expenses: TRANSPORTATION
total $487,264 · program services $438,538 · management and general $48,726
-
24d · Other expenses: FOOD SERVICE
total $259,804 · program services $233,824 · management and general $25,980
-
24e · All other expenses
total $239,156 · program services $214,551 · management and general $24,605
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $239,456 · end of year $539,796
-
4 · Accounts receivable
beginning of year $763,357 · end of year $499,030
-
9 · Prepaid expenses and deferred charges
beginning of year $5,549 · end of year $18,832
-
10a · Land, buildings and equipment: cost or other basis
$392,782
-
10b · Land, buildings and equipment: accumulated depreciation
$390,339
-
10c · Land, buildings and equipment, net
beginning of year $43,071 · end of year $2,443
-
15 · Other assets
beginning of year $2,260,500 · end of year $1,647,231
-
17 · Accounts payable and accrued expenses
beginning of year $846,999 · end of year $216,439
-
23 · Secured mortgages and notes payable
beginning of year $150,000
-
25 · Other liabilities
beginning of year $3,570,509 · end of year $3,132,556
-
29 · Capital stock, trust principal or current funds
beginning of year -$1,354,387 · end of year -$474,529
-
30 · Paid-in or capital surplus, or land, building or equipment fund
beginning of year $26,754 · end of year -$261,028
-
31 · Retained earnings, endowment or other funds
beginning of year $72,058 · end of year $93,894
Mission and programs · 2023
Mission
TO EDUCATE CHILDREN TO BE CONFIDENT, CREATIVE, AND COMPETENT CITIZENS. LEARNERS ARE EMPOWERED TO FIND MEANING AND UNDERSTANDING THROUGH ARTS, WHICH INCLUDE DANCE, MUSIC, THEATER, LITERATURE, MEDIA, AND VISUAL.
-
FRIENDSHIP ACADEMY OF THE ARTS EDUCATES CHILDREN TO BE CONFIDENT, CREATIVE, AND COMPETENT CITIZENS. BY DOING SO-OUR VISION IS TO EMPOWER SCHOLARS TO BE LIFELONG LEARNERS BY DEVELOPING THE WHOLE CHILD SOCIALLY, EMOTIONALLY, ACADEMICALLY, AND ARTISTICALLY. THE ACADEMY SERVES STUDENTS IN GRADES K-8 AT TWO DIFFERENT LOCATIONS. THE PRIMARY LOCATION SERVIED OUR STUDENTS SINCE IT WAS FOUNDED IN 2001, AND NOW SERVES GRADES K-8, AND THE ACADEMY LOCATED TO ITS 2ND LOCATION TO SERVE GRADES 2-8TH.
Expenses $4,096,822
As filed on the 2023 return.
Listed in Part VII
-
JANICE PHILIPS
MEMBER
- Total calculated
- $50,424
- From this org
- $50,424
- From related orgs
- $0
- Other
- $0
- Hours/week
- 1
-
WENDY HINES
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
BRENDA HILL
MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
LORNA PETTIS
MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
ANANYSIA JOSEPH
BOARD CHAIR
- Total calculated
- $0
- Hours/week
- 1
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.
-
501C3 · SCHOOL BUILDING LEASE · MN · controlled entity
Directly controlled by FRIENDSHIP ACADEMY OF THE ARTS
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 7 March 2025
- IRS schema version
- 2023v6.0
- Source object
- 202520669349301137
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