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← FRIENDSHIP PUBLIC CHARTER SCHOOL

Form 990 for tax year 2023

Filed by FRIENDSHIP PUBLIC CHARTER SCHOOL.

Totals

Total revenue
$160,153,123
Total expenses
$152,039,717
Contributions and grants received
$35,005,166
Grants paid
$0
Program service revenue
$119,969,202
Investment income
$3,875,177
Other revenue
$1,303,578
Total assets, end of year
$245,867,660
Total liabilities, end of year
$179,886,165
Net assets or fund balances, end of year
$65,981,495
Program services expenses (Part IX)
$135,036,767
Management and general expenses
$16,897,872
Fundraising expenses
$105,078
Program service expenses (Part III)
$135,036,767

Program services were 88.8% 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)

    $22,826,493

  • 1f · All other contributions, gifts and grants

    $12,178,673

  • 2a · Program service revenue: PUBLIC REVENUE

    total $118,248,748 · related or exempt $118,248,748

  • 2b · Program service revenue: EXTENDED LEARNING AND CHILD CARE

    total $1,720,454 · related or exempt $1,720,454

  • 3 · Investment income

    total $3,875,177 · excluded $3,875,177

  • 6a · Gross rents

    real property $53,040

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $53,040

  • 6d · Net rental income or loss

    total $53,040 · excluded $53,040

  • 11a · Other revenue: MISCELLANEOUS REVENUE

    total $707,441 · related or exempt $707,441

  • 11b · Other revenue: INTEREST RATE SWAP REVENUE

    total $543,097 · related or exempt $543,097

  • 11e · Other revenue, total

    $1,250,538

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $1,331,898 · management and general $1,331,898

  • 7 · Other salaries and wages

    total $82,363,263 · program services $75,435,530 · management and general $6,927,733

  • 8 · Pension plan contributions

    total $816,305 · program services $644,658 · management and general $171,647

  • 9 · Other employee benefits

    total $8,491,341 · program services $7,505,614 · management and general $985,727

  • 10 · Payroll taxes

    total $6,191,299 · program services $5,637,375 · management and general $553,924

  • 11b · Fees: legal

    total $62,749 · management and general $62,749

  • 11c · Fees: accounting

    total $132,430 · management and general $132,430

  • 11f · Fees: investment management

    total $47,722 · management and general $47,722

  • 11g · Fees: other

    total $6,372,488 · program services $4,764,611 · management and general $1,607,877

  • 13 · Office expenses

    total $3,937,938 · program services $1,699,332 · management and general $2,133,528 · fundraising $105,078

  • 14 · Information technology

    total $376,502 · program services $357,677 · management and general $18,825

  • 16 · Occupancy

    total $11,388,524 · program services $10,566,173 · management and general $822,351

  • 17 · Travel

    total $428,682 · program services $397,015 · management and general $31,667

  • 20 · Interest

    total $6,912,142 · program services $6,566,535 · management and general $345,607

  • 22 · Depreciation, depletion and amortization

    total $8,194,674 · program services $7,784,941 · management and general $409,733

  • 23 · Insurance

    total $924,837 · program services $878,595 · management and general $46,242

  • 24a · Other expenses: DIRECT STUDENT COSTS

    total $11,678,870 · program services $11,678,870

  • 24b · Other expenses: CHARTER FEE

    total $1,269,695 · management and general $1,269,695

  • 24c · Other expenses: TRAINING & RECRUITMENT

    total $1,118,358 · program services $1,119,841 · management and general -$1,483

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $48,742,833 · end of year $38,131,897

  • 3 · Pledges and grants receivable

    beginning of year $3,305,179 · end of year $4,750,133

  • 4 · Accounts receivable

    beginning of year $1,846,131 · end of year $1,453,419

  • 9 · Prepaid expenses and deferred charges

    beginning of year $0 · end of year $15,000

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

    $228,571,791

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

    $68,360,402

  • 10c · Land, buildings and equipment, net

    beginning of year $150,257,266 · end of year $160,211,389

  • 11 · Investments: publicly traded securities

    beginning of year $29,883,647 · end of year $34,087,565

  • 12 · Investments: other securities

    beginning of year $3,000,000 · end of year $3,000,000

  • 15 · Other assets

    beginning of year $4,399,305 · end of year $4,218,257

  • 17 · Accounts payable and accrued expenses

    beginning of year $22,022,174 · end of year $20,974,551

  • 20 · Tax-exempt bond liabilities

    beginning of year $138,047,000 · end of year $152,221,542

  • 23 · Secured mortgages and notes payable

    beginning of year $22,178,060 · end of year $5,000,000

  • 25 · Other liabilities

    beginning of year $1,735,683 · end of year $1,690,072

  • 27 · Net assets without donor restrictions

    beginning of year $56,970,530 · end of year $64,585,546

  • 28 · Net assets with donor restrictions

    beginning of year $480,914 · end of year $1,395,949

Mission and programs · 2023

Mission

TO PROVIDE A WORLD-CLASS EDUCATION THAT MOTIVATES STUDENTS TO ACHIEVE HIGH ACADEMIC STANDARDS, ENJOY LEARNING AND DEVELOP AS ETHICAL, LITERATE, WELL-ROUNDED AND SELF-SUFFICIENT CITIZENS THAT CONTRIBUTE ACTIVELY TO THEIR COMMUNITIES.

Activities or mission (Part I)

TO PROVIDE A WORLD-CLASS EDUCATION FOR STUDENTS IN GRADES PRE-K TO 12.

  • TO PROVIDE QUALITY INSTRUCTION FOR CHILDREN FROM PRE-KINDERGARTEN TO 12TH GRADE FOR APPROXIMATELY 4,511 STUDENTS.

    Expenses $135,036,767 · Revenue $121,219,740

As filed on the 2023 return.

Listed in Part VII

  • Patricia A Brantley

    CEO

    Total calculated
    $385,654
    From this org
    $289,377
    From related orgs
    $0
    Other
    $96,277
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $289,377
    Bonus
    $0
    Other
    $0
    Deferred
    $83,826
    Nontaxable benefits
    $12,451
    Filer's total
    $385,654

  • Donald L Hense

    CHAIR

    Total calculated
    $10,533
    From this org
    $0
    From related orgs
    $0
    Other
    $10,533
    Hours/week
    20

  • Dr Gregory Prince

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    5

  • Darrin L Glymph

    TREASURER

    Total calculated
    $0
    Hours/week
    7.5

  • Victor E Long

    SECRETARY

    Total calculated
    $0
    Hours/week
    15

  • Unique Fullmore

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5

  • Anise Walker

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5

  • Jeanette Mendes

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5

  • Eric McKinley King

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5

  • Dr Deborah M McGriff

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5

  • Dr Tracy Gray

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5

  • Carol Thompson Cole

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5

  • Chris White

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5

  • Catherine Somefun

    CFO

    Total calculated
    $219,749
    From this org
    $186,767
    From related orgs
    $0
    Other
    $32,982
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $186,767
    Bonus
    $0
    Other
    $0
    Deferred
    $3,725
    Nontaxable benefits
    $29,257
    Filer's total
    $219,749

  • Vielka Scott-Marcus

    CAO

    Total calculated
    $212,751
    From this org
    $208,822
    From related orgs
    $0
    Other
    $3,929
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $208,822
    Bonus
    $0
    Other
    $0
    Deferred
    $317
    Nontaxable benefits
    $3,612
    Filer's total
    $212,751

  • James Waller

    CHIEF OF SCHOOL OPERATIONS

    Total calculated
    $222,339
    From this org
    $207,428
    From related orgs
    $0
    Other
    $14,911
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $207,428
    Bonus
    $0
    Other
    $0
    Deferred
    $4,003
    Nontaxable benefits
    $10,908
    Filer's total
    $222,339

  • Kenneth Cherry

    CHIEF OF STAFF

    Total calculated
    $253,031
    From this org
    $229,899
    From related orgs
    $0
    Other
    $23,132
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $229,899
    Bonus
    $0
    Other
    $0
    Deferred
    $4,175
    Nontaxable benefits
    $18,957
    Filer's total
    $253,031

  • Joseph Speight Jr

    PRINCIPAL

    Total calculated
    $220,475
    From this org
    $189,835
    From related orgs
    $0
    Other
    $30,640
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $189,835
    Bonus
    $0
    Other
    $0
    Deferred
    $1,826
    Nontaxable benefits
    $28,814
    Filer's total
    $220,475

  • Peggy Edwards-Jones

    PRINCIPAL

    Total calculated
    $271,201
    From this org
    $237,422
    From related orgs
    $0
    Other
    $33,779
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $237,422
    Bonus
    $0
    Other
    $0
    Deferred
    $4,621
    Nontaxable benefits
    $29,158
    Filer's total
    $271,201

  • John Snowdy

    PRINCIPAL

    Total calculated
    $214,550
    From this org
    $185,802
    From related orgs
    $0
    Other
    $28,748
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $185,802
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $28,748
    Filer's total
    $214,550

  • Zachary Morford

    CHIEF OF PERFORMANCE

    Total calculated
    $218,695
    From this org
    $189,804
    From related orgs
    $0
    Other
    $28,891
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $189,804
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $28,891
    Filer's total
    $218,695

  • John Glover

    CHIEF EXTERNAL AFFAIRS OFFICER

    Total calculated
    $221,084
    From this org
    $190,017
    From related orgs
    $0
    Other
    $31,067
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $190,017
    Bonus
    $0
    Other
    $0
    Deferred
    $3,833
    Nontaxable benefits
    $27,234
    Filer's total
    $221,084

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 · Compensation committee
  • 3 · Form 990 of other organizations
  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 4a · Severance or change-of-control payment
  • 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

The filer's explanations (Part III)

PART I, LINE 4B
PATRICIA BRANTLEY RECEIVED SUPPLEMENTAL NON-QUALIFIED RETIREMENT PLAN CONTRIBUTIONS OF $78,000.

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
15 January 2025
IRS schema version
2023v6.0
Source object
202510249349301606

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