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Nonprofiteer
← FRIENDS ACADEMY

Form 990 for tax year 2024

Filed by FRIENDS ACADEMY.

Totals

Total revenue
$35,060,495
Total expenses
$38,821,389
Contributions and grants received
$2,443,152
Grants paid
$2,723,534
Program service revenue
$30,305,541
Investment income
$2,006,490
Other revenue
$305,312
Total assets, end of year
$125,122,795
Total liabilities, end of year
$23,355,321
Net assets or fund balances, end of year
$101,767,474
Program services expenses (Part IX)
$31,593,968
Management and general expenses
$5,562,319
Fundraising expenses
$1,665,102
Program service expenses (Part III)
$31,593,968

Program services were 81.4% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • FRANK INGRASSIA

    PRESIDENT

    Total calculated
    $0
    Hours/week
    0.3
  • RACHEL ETESS GREEN

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    0.3
  • STEPHEN WITTHUHN

    TREASURER

    Total calculated
    $0
    Hours/week
    0.3
  • ANDREW MENZIN

    SECRETARY

    Total calculated
    $0
    Hours/week
    0.3
  • RAJINDER SINGH

    ASSISTANT TREASURER

    Total calculated
    $0
    Hours/week
    0.3
  • JEFF DANIELS

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.3
  • TIM DOOLEY

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.3
  • TONY FLORENCE

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.3
  • THOMAS GIBIAN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.3
  • GREGORY JASKE

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.3
  • JEANNINE LOSTRITTO

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.3
  • ROSEANN MARTIN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.3
  • CAROLYN MOTT

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.3
  • CHRISTINE PELLETIER

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.3
  • JOSEPH PODBELA

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.3
  • JENNIFER WOLF

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.3
  • ZIMU ZHENG

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.3
  • MICHAEL KEATS

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.3
  • CAROLYN MOTT

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.3
  • ANN MARIE TIDONA

    DIRECTOR OF FINANCE

    Total calculated
    $406,722
    From this org
    $335,282
    From related orgs
    $0
    Other
    $71,440
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $334,508
    Bonus
    $0
    Other
    $774
    Deferred
    $34,480
    Nontaxable benefits
    $36,960
    Filer's total
    $406,722
  • PAUL STELLATO

    HEAD OF SCHOOL

    Total calculated
    $797,439
    From this org
    $669,707
    From related orgs
    $0
    Other
    $127,732
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $616,178
    Bonus
    $50,000
    Other
    $3,529
    Deferred
    $13,225
    Nontaxable benefits
    $114,507
    Filer's total
    $797,439
  • TAISHA THOMPSON

    DIRECTOR OF ADMISSIONS

    Total calculated
    $332,388
    From this org
    $272,386
    From related orgs
    $0
    Other
    $60,002
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $251,972
    Bonus
    $20,000
    Other
    $414
    Deferred
    $10,640
    Nontaxable benefits
    $49,362
    Filer's total
    $332,388
  • JENIFER HALLIDAY

    ASSISTANT HEAD OF SCHOOL

    Total calculated
    $406,799
    From this org
    $226,271
    From related orgs
    $0
    Other
    $180,528
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $226,001
    Bonus
    $0
    Other
    $270
    Deferred
    $9,118
    Nontaxable benefits
    $171,410
    Filer's total
    $406,799
  • KEVIN BARRY

    DIRECTOR OF ADVANCEMENT

    Total calculated
    $297,042
    From this org
    $228,580
    From related orgs
    $0
    Other
    $68,462
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $228,400
    Bonus
    $0
    Other
    $180
    Deferred
    $9,136
    Nontaxable benefits
    $59,326
    Filer's total
    $297,042
  • DOROTHY WOO

    PRINCIPAL THRU JUNE 2024

    Total calculated
    $312,863
    From this org
    $215,634
    From related orgs
    $0
    Other
    $97,229
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $71,639
    Bonus
    $0
    Other
    $143,995
    Deferred
    $3,100
    Nontaxable benefits
    $94,129
    Filer's total
    $312,863
  • SCOTT BRUGGE

    DIR. OF FACILITIES

    Total calculated
    $301,020
    From this org
    $224,914
    From related orgs
    $0
    Other
    $76,106
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $224,734
    Bonus
    $0
    Other
    $180
    Deferred
    $0
    Nontaxable benefits
    $76,106
    Filer's total
    $301,020

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
  • 1a · Personal services (maid, chauffeur, chef)
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Form 990 of other organizations
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 4a · Severance or change-of-control payment
  • 7 · Other non-fixed payments

Answered no

  • 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
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 1A
AS A CONDITION OF EMPLOYMENT, PAUL STELLATO, THE HEAD OF SCHOOL, AND JENIFER HALLIDAY, ASSISTANT HEAD OF SCHOOL, MAINTAIN THEIR PRINCIPAL RESIDENCE AT THE SCHOOL. THE SCHOOL WILL ALSO PROVIDE THE HEAD OF SCHOOL'S RESIDENCE WITH HOUSEHOLD SERVICES AND UPKEEP, INCLUDING UTILITIES, CLEANING, LANDSCAPING, LAWN MAINTENANCE, AND OTHER SIMILAR EXPENDITURES. THE HOUSING IS NON-TAXABLE TO BOTH INDIVIDUALS.
PART I, LINE 4A
DOROTHY WOO RECEIVED SEVERANCE INCLUDED IN HER 2024 FORM W-2 IN THE AMOUNT OF $143,900.
PART I, LINE 7
INDIVIDUALS REPORTED ON FORM 990, PART VII, SECTION A AND SCHEDULE J, PART II RECEIVED DISCRETIONARY BONUSES APPROVED BY THE HEAD OF SCHOOL IN 2024. THE HEAD OF SCHOOL'S DISCRETIONARY BONUS WAS DETERMINED AND APPROVED BY THE EXECUTIVE COMMITTEE.

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
2024
Filed
13 November 2025
IRS schema version
2024v5.2
Source object
202543219349324119

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