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Nonprofiteer
← FRIENDS OF YOUNG SCHOLARS

Form 990 for tax year 2023

Filed by FRIENDS OF YOUNG SCHOLARS.

Totals

Total revenue
$367,546
Total expenses
$400,978
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$0
Investment income
$7
Other revenue
$367,539
Total assets, end of year
$5,371,540
Total liabilities, end of year
$4,861,680
Net assets or fund balances, end of year
$509,860
Program services expenses (Part IX)
$0
Management and general expenses
$400,978
Fundraising expenses
$0
Program service expenses (Part III)
not reported

Program services were 0.0% 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.

  • 3 · Investment income

    total $7 · excluded $7

  • 11a · Other revenue: LEASE PAYMENT FROM YSC

    total $354,996 · related or exempt $354,996

  • 11b · Other revenue: OTHER REVENUE

    total $12,543 · related or exempt $12,543

  • 11e · Other revenue, total

    $367,539

Functional expenses

Part IX, the statement of functional expenses.

  • 20 · Interest

    total $283,694 · management and general $283,694

  • 22 · Depreciation, depletion and amortization

    total $116,899 · management and general $116,899

  • 24a · Other expenses: ADMIN & FINANCIAL SUPPO

    total $385 · management and general $385

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $46,453 · end of year $63,183

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

    $5,659,054

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

    $350,697

  • 10c · Land, buildings and equipment, net

    beginning of year $5,425,256 · end of year $5,308,357

  • 23 · Secured mortgages and notes payable

    beginning of year $4,900,000 · end of year $4,839,081

  • 25 · Other liabilities

    beginning of year $28,417 · end of year $22,599

  • 27 · Net assets without donor restrictions

    beginning of year $543,292 · end of year $509,860

Mission and programs · 2023

Mission

THE MISSION OF FRIENDS OF YOUNG SCHOLARS IS TO PROVIDE SUPPORT TO YOUNG SCHOLARS CHARTER SCHOOL.

  • THE FRIENDS OF YOUNG SCHOLARS WILL PROVIDED SUPPORT TO YOUNG SCHOLARS CHARTER SCHOOL.

As filed on the 2023 return.

Listed in Part VII

  • Samantha Banks

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • Paul Bucco

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • Charles Freyer

    PRESIDENT

    Total calculated
    $0
    Hours/week
    2

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.

Provenance

Return type
form_990
Tax year
2023
Filed
4 February 2025
IRS schema version
2023v6.0
Source object
202510359349301451

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