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← FRIENDSHIP ACADEMY OF THE ARTS

Form 990 for tax year 2024

Filed by FRIENDSHIP ACADEMY OF THE ARTS.

Totals

Total revenue
$4,675,456
Total expenses
$4,855,308
Contributions and grants received
$4,630,665
Grants paid
$0
Program service revenue
$1,678
Investment income
$43,113
Other revenue
$0
Total assets, end of year
$2,626,166
Total liabilities, end of year
$3,512,552
Net assets or fund balances, end of year
-$886,386
Program services expenses (Part IX)
$4,369,778
Management and general expenses
$485,530
Fundraising expenses
$0
Program service expenses (Part III)
$4,369,778

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)

    $4,630,665

  • 2a · Program service revenue: FEES FROM PATRONS

    total $1,678 · related or exempt $1,678

  • 3 · Investment income

    total $43,113 · related or exempt $43,113

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $1,793,139 · program services $1,613,825 · management and general $179,314

  • 9 · Other employee benefits

    total $442,024 · program services $397,822 · management and general $44,202

  • 13 · Office expenses

    total $28,509 · program services $25,658 · management and general $2,851

  • 16 · Occupancy

    total $751,084 · program services $675,976 · management and general $75,108

  • 17 · Travel

    total $31,996 · program services $28,796 · management and general $3,200

  • 20 · Interest

    total $8,434 · program services $7,591 · management and general $843

  • 22 · Depreciation, depletion and amortization

    total $159,335 · program services $143,402 · management and general $15,933

  • 23 · Insurance

    total $10,235 · program services $9,212 · management and general $1,023

  • 24a · Other expenses: OTHER EXPENSE

    total $514,903 · program services $463,413 · management and general $51,490

  • 24b · Other expenses: CONSULTING FEES

    total $389,246 · program services $350,321 · management and general $38,925

  • 24c · Other expenses: TRANSPORTATION

    total $386,728 · program services $348,055 · management and general $38,673

  • 24d · Other expenses: FOOD SERVICE

    total $235,836 · program services $212,252 · management and general $23,584

  • 24e · All other expenses

    total $103,839 · program services $93,455 · management and general $10,384

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $539,796 · end of year $829,666

  • 4 · Accounts receivable

    beginning of year $499,030 · end of year $362,251

  • 9 · Prepaid expenses and deferred charges

    beginning of year $18,832

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

    $398,082

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

    $392,303

  • 10c · Land, buildings and equipment, net

    beginning of year $2,443 · end of year $5,779

  • 15 · Other assets

    beginning of year $1,647,231 · end of year $1,428,470

  • 17 · Accounts payable and accrued expenses

    beginning of year $216,439 · end of year $405,907

  • 25 · Other liabilities

    beginning of year $3,132,556 · end of year $3,106,645

  • 29 · Capital stock, trust principal or current funds

    beginning of year -$474,529 · end of year -$438,436

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year -$261,028 · end of year -$562,967

  • 31 · Retained earnings, endowment or other funds

    beginning of year $93,894 · end of year $115,017

Mission and programs · 2024

Mission

TO EDUCATE CHILDREN TO BE CONFIDENT, CREATIVE, AND COMPETENT CITIZENS. LEARNERS AREEMPOWERED 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 COMPETENTCITIZENS. 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 $4,369,778

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Brenda Hill

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Janice Philips

    MEMBER

    Total calculated
    $8,669
    From this org
    $8,669
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Lorna Pettis

    BOARD CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Terrie Coats

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Niambi Jackson

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Darlene Riley

    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.

  • FFA BUILDING COMPANY

    501(C)(3) · SCHOOL BUILDING LEASE · MN · controlled entity

    Directly controlled by FRIENDSHIP ACADEMY OF THE ARTS

Provenance

Return type
form_990
Tax year
2024
Filed
21 April 2026
IRS schema version
2024v5.5
Source object
202641119349300519

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