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Nonprofiteer
← FRIENDS SCHOOL OF BALTIMORE INC

Form 990 for tax year 2024

Filed by FRIENDS SCHOOL OF BALTIMORE INC.

Totals

Total revenue
$36,204,585
Total expenses
$38,394,952
Contributions and grants received
$2,693,316
Grants paid
$8,773,487
Program service revenue
$30,980,433
Investment income
$2,138,052
Other revenue
$392,784
Total assets, end of year
$108,192,656
Total liabilities, end of year
$21,157,123
Net assets or fund balances, end of year
$87,035,533
Program services expenses (Part IX)
$32,758,827
Management and general expenses
$4,520,915
Fundraising expenses
$1,115,210
Program service expenses (Part III)
$32,758,827

Program services were 85.3% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • KAREN CLARK

    TRUSTEE, FACULTY REP

    Total calculated
    $70,355
    From this org
    $66,835
    From related orgs
    $0
    Other
    $3,520
    Hours/week
    40

  • LESTER DAVIS

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • BRANDYN HICKS

    ASSISTANT CHAIR

    Total calculated
    $0
    Hours/week
    1

  • BURCK SMITH

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • JOHN BAER

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • BARBARA BROCATO

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • JENNIFER BUNKLEY

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • LARRY CLEMENTS

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • TIFFANI COLLINS

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • CHRIS DAHL

    TRUSTEE, PARENT REP

    Total calculated
    $0
    Hours/week
    1

  • GEN DISTANCE

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • GULI FAGER

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • SUZY FILBERT

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • NORMAN FORBUSH

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • JON FRIAR

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • JOEL GOLDBERG

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • KATHERINE HANCOCK PORTER

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • LAURA HOLTER

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • ERIKA KANE LYONS

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • CLEMMIE MILLER

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • ADAM NICOLSON

    TRUSTEE, STUDENT REP

    Total calculated
    $0
    Hours/week
    1

  • CLAIRE SALKOWSKI

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • SOPHIA SILBERGOLD

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • FELICITY TURNER

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • RUSSELL WEBER

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • PAMELA YOUNG

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • CHRISTIAN DONOVAN

    HEAD OF SCHOOL

    Total calculated
    $444,050
    From this org
    $364,570
    From related orgs
    $0
    Other
    $79,480
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $364,570
    Bonus
    $0
    Other
    $0
    Deferred
    $16,183
    Nontaxable benefits
    $63,297
    Filer's total
    $444,050

  • MALCOLM HAYNES

    CHIEF FINANCIAL AND OPERAT

    Total calculated
    $242,632
    From this org
    $217,380
    From related orgs
    $0
    Other
    $25,252
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $217,380
    Bonus
    $0
    Other
    $0
    Deferred
    $10,205
    Nontaxable benefits
    $15,047
    Filer's total
    $242,632

  • RASHA EL-HAGGAN

    DIRECTOR OF ACADEMICS

    Total calculated
    $182,755
    From this org
    $174,556
    From related orgs
    $0
    Other
    $8,199
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $174,556
    Bonus
    $0
    Other
    $0
    Deferred
    $7,832
    Nontaxable benefits
    $367
    Filer's total
    $182,755

  • HEIDI HUTCHINSON

    PRINCIPAL - LOWER & MIDDLE SCHOOLS

    Total calculated
    $185,841
    From this org
    $162,600
    From related orgs
    $0
    Other
    $23,241
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $162,600
    Bonus
    $0
    Other
    $0
    Deferred
    $7,328
    Nontaxable benefits
    $15,913
    Filer's total
    $185,841

  • ASHLEY PRINCIPE

    DIRECTOR OF DEVELOPMENT

    Total calculated
    $215,433
    From this org
    $162,364
    From related orgs
    $0
    Other
    $53,069
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $162,364
    Bonus
    $0
    Other
    $0
    Deferred
    $7,776
    Nontaxable benefits
    $45,293
    Filer's total
    $215,433

  • BRANDON ROGERS

    PRINCIPAL - UPPER SCHOOL

    Total calculated
    $167,696
    From this org
    $142,819
    From related orgs
    $0
    Other
    $24,877
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $142,819
    Bonus
    $0
    Other
    $0
    Deferred
    $6,292
    Nontaxable benefits
    $18,585
    Filer's total
    $167,696

  • CARL GRANT

    DIRECTOR OF FACILITIES

    Total calculated
    $145,456
    From this org
    $130,366
    From related orgs
    $0
    Other
    $15,090
    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

  • 1a · Housing allowance or residence for personal use
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 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

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

The filer's explanations (Part III)

PART I, LINE 1A
THE PRESIDENT (HEAD OF SCHOOL) IS REQUIRED TO LIVE IN A HOUSE LOCATED ON THE SCHOOL'S PREMISES FOR THE SCHOOL'S CONVENIENCE AND AS A CONDITION OF EMPLOYMENT. THIS BENEFIT WAS VALUED TO BE $54,000 FOR THE HEAD OF SCHOOL AND IS INCLUDED AS A NON-TAXABLE BENEFIT FOR THEM.

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.

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.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • LITTLE FRIENDS LLC

    CHILD CARE · MD · income $2,310,072 · assets $0

    Directly controlled by FRIENDS SCHOOL OF BALTIMORE INC

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

Provenance

Return type
form_990
Tax year
2024
Filed
1 May 2026
IRS schema version
2024v5.5
Source object
202611219349302031

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