Civic Intelligence

Friends Academy Inc.

990 • Fiscal year 2016 • EIN 04-2104242

Jul 01, 2015 to Jun 30, 2016 • Filed on Nov 09, 2016

1088 Tucker RoadNorth Dartmouth, MA 02747-3122

(508) 999-1356

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

45th percentile

0.18x

Higher debt load relative to assets than 45% of similar nonprofits.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2016

Liabilities / Revenue

50th percentile

0.24x

Higher debt load relative to revenue than 50% of similar nonprofits.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2016

Net Margin

57th percentile

4.2%

Higher net margin than 57% of similar nonprofits.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2016

Top Officer Pay

73rd percentile

$256,741

Higher top officer pay than 73% of similar nonprofits.

Top officer pay equals 3.3% of source-year revenue.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2016

Asset Growth

53rd percentile

2.5%

Faster asset growth than 53% of similar nonprofits.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2015 to 2016

Revenue Growth

51st percentile

3.3%

Faster revenue growth than 51% of similar nonprofits.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2015 to 2016

Assets

Up

$10,458,299

Up $258,249 (+2.5%) from 2015

Net Assets

Up

$8,538,817

Up $305,829 (+3.7%) from 2015

Liabilities

Down

$1,919,482

Down $47,580 (-2.4%) from 2015

Revenue

Up

$7,864,943

Up $249,520 (+3.3%) from 2015

Expenses

Down

$7,536,759

Down $247,771 (-3.2%) from 2015

Net Income

Up

$328,184

Up $497,291 (+294%) from 2015

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$20M$15M$10M$5.0M$0Assets 2011: $8,881,308Liabilities 2011: $768,518Net Assets 2011: $8,112,7902011Assets 2012: $10,314,605Liabilities 2012: $1,833,028Net Assets 2012: $8,481,5772012Assets 2013: $10,385,784Liabilities 2013: $2,010,872Net Assets 2013: $8,374,9122013Assets 2014: $10,333,647Liabilities 2014: $1,992,583Net Assets 2014: $8,341,0642014Assets 2015: $10,200,050Liabilities 2015: $1,967,062Net Assets 2015: $8,232,9882015Assets 2016: $10,458,299Liabilities 2016: $1,919,482Net Assets 2016: $8,538,8172016Assets 2017: $10,721,360Liabilities 2017: $2,215,914Net Assets 2017: $8,505,4462017Assets 2018: $10,880,632Liabilities 2018: $2,317,692Net Assets 2018: $8,562,9402018Assets 2019: $11,232,041Liabilities 2019: $2,190,250Net Assets 2019: $9,041,7912019Assets 2020: $11,155,107Liabilities 2020: $1,921,263Net Assets 2020: $9,233,8442020Assets 2021: $17,029,726Liabilities 2021: $6,904,891Net Assets 2021: $10,124,8352021Assets 2022: $16,338,218Liabilities 2022: $6,107,006Net Assets 2022: $10,231,2122022Assets 2023: $18,198,947Liabilities 2023: $6,514,209Net Assets 2023: $11,684,7382023Assets 2024: $18,138,412Liabilities 2024: $6,968,310Net Assets 2024: $11,170,1022024Assets 2025: $17,424,465Liabilities 2025: $6,835,787Net Assets 2025: $10,588,6782025

Highlighted filing

2016

Assets$10,458,299
Liabilities$1,919,482
Net Assets$8,538,817

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$10M$5.0M$0-$5.0MExpenses 2011: $6,573,7032011Expenses 2012: $6,870,5062012Revenue 2013: $6,689,272Expenses 2013: $7,055,286Net Income 2013: -$366,0142013Revenue 2014: $6,921,354Expenses 2014: $7,317,875Net Income 2014: -$396,5212014Revenue 2015: $7,615,423Expenses 2015: $7,784,530Net Income 2015: -$169,1072015Revenue 2016: $7,864,943Expenses 2016: $7,536,759Net Income 2016: $328,1842016Revenue 2017: $6,982,445Expenses 2017: $7,382,338Net Income 2017: -$399,8932017Revenue 2018: $7,250,377Expenses 2018: $7,437,553Net Income 2018: -$187,1762018Revenue 2019: $7,757,761Expenses 2019: $7,516,060Net Income 2019: $241,7012019Revenue 2020: $7,717,714Expenses 2020: $7,527,648Net Income 2020: $190,0662020Revenue 2021: $7,811,864Expenses 2021: $7,806,372Net Income 2021: $5,4922021Revenue 2022: $8,842,219Expenses 2022: $7,977,789Net Income 2022: $864,4302022Revenue 2023: $9,996,770Expenses 2023: $8,999,274Net Income 2023: $997,4962023Revenue 2024: $6,474,905Expenses 2024: $7,151,203Net Income 2024: -$676,2982024Revenue 2025: $6,252,981Expenses 2025: $7,139,803Net Income 2025: -$886,8222025

Highlighted filing

2016

Revenue$7,864,943
Expenses$7,536,759
Net Income$328,184
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
Nov 9, 2016
Return Version
2015v2.1
Gross Receipts
$7,908,027
Mission and Program Overview

Mission

The mission of the trustees of friends academy is to provide each student with an educational foundation that will instill the academic knowledge and skills, responsible citizenship, respect for diversity and differences, and a sense of well being needed for a lifetime of learning and personal growth.

Friends academy is a co-educational, independent day school serving students in preschool through grade eight. The mission of friends academy is to provide each student with an educational foundation that will instill the academic knowledge and skills, responsible citizenship, respect for diversity and differences, and a sense of well-being needed for a lifetime of learning and personal growth.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$6,099,733$5,856,665▼ $243,068
Investments Other Securities$2,421,559$2,945,715▲ $524,156
Cash and Non-Interest-Bearing Accounts$1,431,445$1,507,342▲ $75,897
Accounts Receivable$52,218$61,636▲ $9,418
Prepaid Expenses and Deferred Charges$130,223$54,751▼ $75,472
Pledges and Grants Receivable$27,176$8,735▼ $18,441
Total Assets$10,200,050$10,458,299▲ $258,249
Other Assets Total$37,696$23,455▼ $14,241
Liabilities
Mortgage Notes Payable Secured by Investment Property$882,029$843,094▼ $38,935
Deferred Revenue$721,821$755,953▲ $34,132
Accounts Payable and Accrued Expenses$358,537$317,130▼ $41,407
Other Liabilities$4,675$3,305▼ $1,370
Total Liabilities$1,967,062$1,919,482▼ $47,580
Net Assets / Fund Balance
Unrestricted Net Assets$6,121,161$5,758,288▼ $362,873
Temporarily Rstr Net Assets$1,211,424$1,877,476▲ $666,052
Permanently Rstr Net Assets$900,403$903,053▲ $2,650
Total Net Assets Fund Balance$8,232,988$8,538,817▲ $305,829
Total Liabilities and Net Assets / Fund Balance$10,200,050$10,458,299▲ $258,249

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$5,386,996$4,002,215$9,389,211
Equipment$287,462$804,453$1,091,915
Land$182,207-$182,207
Other Securities$456,735--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2015$2,421,557$1,720,261▲ $18,601$1,215,704$2,944,715
2014$2,428,456$753,350▲ $97,776$858,025$2,421,557
2013$2,416,395$394,710▲ $394,367$777,016$2,428,456
2012$2,730,972$150,385▲ $288,793$753,755$2,416,395
2011$4,049,221$889,978▲ $16,822$2,225,049$2,730,972
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Stephen BarkerHead of SchoolFT$238,851$17,890$256,741

Board Members and Trustees

NameTitle
Kathryn GoodfellowPresident
Ralph TavaresVice-president
Calvin SegalHonorary Trustee
Carleton BurrHonorary Trustee
George CharetteHonorary Trustee
Yvonne DraytonHonorary Trustee
Alice RootTrustee
Ann BoxlerTrustee
Anna BullardTrustee
Chad PowersTrustee
Doreen PatysTrustee
Frederick MockTrustee
Gene LonerganTrustee
George FearonsTrustee
Gig LangTrustee
Henry ArrudaTrustee
Martha ShusterTrustee
Matthew MorrisseyTrustee
Maureen DeckerTrustee
Peter DaviesTrustee
Timothy HowesTrustee
Lawrence HuntSecretary
Robert MacgregorTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,316,012
Program Service Revenue
$6,428,687
Investment Income
$44,903
Other Revenue
$75,341
All Other Contributions
$1,296,808
Change in Net Assets
$328,184

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded5$23,563Days Avg High & Low
Other Non Cash Contri Table1$7,500Selling Price of Mem
Other Non Cash Contri Table9$3,500Donor Value
Total Noncash Contributions15$34,563-

Audited Revenue Reconciliation

Revenue per Audited Statements
$7,897,027
Revenue Not Reported on Financial Statements
$-32,084
Revenue Not Reported on Form 990
$0
Other Revenue Adjustments
$-32,084
Total Revenue per Audited Statements
$7,897,027
Total Revenue per Form 990
$7,864,943
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$4,206,577
Grants and Similar Amounts Paid$1,789,633
Other Expenses$1,540,549
Total Fundraising Expense$243,647
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$2,366,593$803,500$143,035$3,313,128
Grants to Domestic Individuals$1,789,633--$1,789,633
Depreciation Depletion$364,142$19,165-$383,307
Payroll Taxes$174,734$82,972$10,502$268,208
Current Officers, Directors, Trustees, and Key Employees$197,567$65,856-$263,423
Other Employee Benefits$162,915$68,250$663$231,828
All Other Expenses$184,359$18,721$23,103$226,183
Occupancy$194,958$8,578-$203,536
Office Expenses$66,057$69,160-$135,217
Pension Plan Contributions$92,164$31,756$6,070$129,990
Fees for Services Other$39,920$47,966-$87,886
Insurance$61,947$10,079-$72,026
Other Expenses$62,318-$60,274$60,274
Fees for Services Accounting-$35,330-$35,330
Interest-$33,402-$33,402
Information Technology$2,241$9,527-$11,768
Advertising$4,196--$4,196
Total Functional Expenses$5,988,850$1,304,262$243,647$7,536,759

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$7,591,198
Expenses per Audited Statements$7,536,759
Total Expenses per Form 990$7,536,759
Expenses Not Reported on Form 990$54,439
Expenses Not Reported on Financial Statements$0
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$45,495
Fundraising Direct Expenses$39,462
Gaming Gross Income$6,720
Gaming Direct Expenses$3,500
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Spring Swing$37,204$25,500$2,493$23,007
Friends Fest$27,495$19,995$4,705$15,290
Total Events$64,699$45,495$39,462$6,033
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Deposits Held in Custody for Others$3,305
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11

The finance committee of the board of directors will review the 990 and discuss it with the full board.

Form 990, Part VI, Section B, Line 12C

All members of the board of trustees, administration and faculty of friends academy must sign a copy of the conflict of interest policy every year to confirm that no conflicts exist. The headmaster collects these documents.

Form 990, Part VI, Section B, Line 15

The finance committee makes recommendations to the full board regarding compensation for all employees, with the exception of the headmaster. The headmaster's compensation is the responsibility of the head's compensation/contract committee. The current members of this committee are the former president, current president and treasurer of the board. They are advised by the school's legal counsel, venable, llp. The finance committee discusses raises for the faculty and staff. The headmaster has some flexibility in determining raises. He makes the final decision about employee compensation using guidelines from the board and finance committee.

Form 990, Part VI, Section C, Line 19

Copies of the by-laws and the annual financial statements are available upon request from the headmaster.

FORM 990 PART VI SECTION C Q# 19

A copy of the form 990 will be available in the business office for any board members or interested parties who would like to review the document.

Filing and Contact Details

Filer

Filer Name
Friends Academy Inc
EIN
04-2104242
Phone
5089991356
Address
1088 TUCKER ROAD, NORTH DARTMOUTH, MA 02747-3122

Signing Officer

Name
Kathryn Goodfellow
Title
President of the Board
Phone
5089991356
Signed
2016-11-09
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kathryn Goodfellow
Formed
1810
Legal Domicile
Ma
Voting Board Members
19
Independent Board Members
19
Employees
106
Volunteers
10

Preparer

Firm
Piccerelli Gilstein & Co Llp
Address
144 WESTMINSTER STREET, PROVIDENCE, RI 02903-2282
Preparer
William J Piccerelli
Phone
4018310200
Supplemental Narrative

Financial Statement Notes

PART V, LINE 4:

Endowment funds intended purposes are: library, financial aid, miscellaneous support of school activities, playground, and garden.

PART X, LINE 2:

The school internally monitors its tax positions to determine whether any are uncertain. A tax position is taken if it is determined that the position will "more-likely-than-not" be sustained upon examination by a taxing authority. The school's management has analyzed the tax positions taken by the school, and has concluded that as of june 30, 2016, there were no uncertain positions taken, or expected to be taken, that would require the recognition of a liability or asset or disclosure in the financial statements. The school is not currently subject to audits for any tax periods.

PART XI, LINE 4B - OTHER ADJUSTMENTS:

Loss on disposal of assets -122. Fundraising expenses -39,462. Fmv of donated auction items - gaming 3,500. Gaming expense -3,500. Fmv of donated auction items - fundraising event 7,500.

PART XII, LINE 2D - OTHER ADJUSTMENTS:

Fundraising expenses 31,962. Loss on disposal of assets 122.

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IRS990/ActivityOrMissionDesc0FRIENDS ACADEMY IS A CO-EDUCATIONAL, INDEPENDENT DAY SCHOOL SERVING STUDENTS IN PRESCHOOL THROUGH GRADE EIGHT. THE MISSION OF FRIENDS ACADEMY IS TO PROVIDE EACH STUDENT WITH AN EDUCATIONAL FOUNDATION THAT WILL INSTILL THE ACADEMIC KNOWLEDGE AND SKILLS, RESPONSIBLE CITIZENSHIP, RESPECT FOR DIVERSITY AND DIFFERENCES, AND A SENSE OF WELL-BEING NEEDED FOR A LIFETIME OF LEARNING AND PERSONAL GROWTH.
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IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt210
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt220
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt2317890
IRS990/Form990PartVIISectionAGrp/PersonNm0KATHRYN GOODFELLOW
IRS990/Form990PartVIISectionAGrp/PersonNm1RALPH TAVARES
IRS990/Form990PartVIISectionAGrp/PersonNm2ROBERT MACGREGOR
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IRS990/Form990PartVIISectionAGrp/PersonNm4FREDERICK MOCK
IRS990/Form990PartVIISectionAGrp/PersonNm5ANN BOXLER
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IRS990/Form990PartVIISectionAGrp/PersonNm8CARLETON BURR
IRS990/Form990PartVIISectionAGrp/PersonNm9GEORGE CHARETTE
IRS990/Form990PartVIISectionAGrp/PersonNm10YVONNE DRAYTON
IRS990/Form990PartVIISectionAGrp/PersonNm11GEORGE FEARONS
IRS990/Form990PartVIISectionAGrp/PersonNm12TIMOTHY HOWES
IRS990/Form990PartVIISectionAGrp/PersonNm13GIG LANG
IRS990/Form990PartVIISectionAGrp/PersonNm14GENE LONERGAN
IRS990/Form990PartVIISectionAGrp/PersonNm15MATTHEW MORRISSEY
IRS990/Form990PartVIISectionAGrp/PersonNm16DOREEN PATYS
IRS990/Form990PartVIISectionAGrp/PersonNm17MARTHA SHUSTER
IRS990/Form990PartVIISectionAGrp/PersonNm18CALVIN SEGAL
IRS990/Form990PartVIISectionAGrp/PersonNm19ALICE ROOT
IRS990/Form990PartVIISectionAGrp/PersonNm20CHAD POWERS
IRS990/Form990PartVIISectionAGrp/PersonNm21MAUREEN DECKER
IRS990/Form990PartVIISectionAGrp/PersonNm22PETER DAVIES
IRS990/Form990PartVIISectionAGrp/PersonNm23STEPHEN BARKER
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt130
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt160
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt180
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt190
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt200
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt210
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt220
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt23238851
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt150
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt160
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt170
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt180
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt190
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt200
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt210
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt220
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt230
IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE-PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt2TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt3SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt4TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt5TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt6TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt7TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt8HONORARY TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt9HONORARY TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt10HONORARY TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt11TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt12TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt13TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt14TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt15TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt16TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt17TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt18HONORARY TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt19TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt20TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt21TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt22TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt23HEAD OF SCHOOL
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr01810
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd01
IRS990/FundraisingAmt019204
IRS990/FundraisingDirectExpensesAmt039462
IRS990/FundraisingGrossIncomeAmt045495
IRS990/GainOrLossGrp/OtherAmt0-122
IRS990/GamingActivitiesInd00
IRS990/GamingDirectExpensesAmt03500
IRS990/GamingGrossIncomeAmt06720
IRS990/GoverningBodyVotingMembersCnt019
IRS990/GrantAmt01789633
IRS990/GrantsToDomesticIndividualsGrp/ProgramServicesAmt01789633
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt01789633
IRS990/GrantsToIndividualsInd01
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt07908027
IRS990/GrossRentsGrp/RealAmt08725
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt019
IRS990/IndivRcvdGreaterThan100KCnt01
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt09527
IRS990/InformationTechnologyGrp/ProgramServicesAmt02241
IRS990/InformationTechnologyGrp/TotalAmt011768
IRS990/InsuranceGrp/ManagementAndGeneralAmt010079
IRS990/InsuranceGrp/ProgramServicesAmt061947
IRS990/InsuranceGrp/TotalAmt072026
IRS990/InterestGrp/ManagementAndGeneralAmt033402
IRS990/InterestGrp/TotalAmt033402
IRS990/InvestmentIncomeGrp/ExclusionAmt045025
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt045025
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt02421559
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt02945715
IRS990/IRPDocumentCnt029
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt04806668
IRS990/LandBldgEquipBasisNetGrp/BOYAmt06099733
IRS990/LandBldgEquipBasisNetGrp/EOYAmt05856665
IRS990/LandBldgEquipCostOrOtherBssAmt010663333
IRS990/LegalDomicileStateCd0MA
IRS990/LessCostOthBasisSalesExpnssGrp/OtherAmt0122
IRS990/LessRentalExpensesGrp/RealAmt00
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0THE MISSION OF FRIENDS ACADEMY IS TO PROVIDE EACH STUDENT WITH AN EDUCATIONAL FOUNDATION THAT WILL INSTILL THE ACADEMIC KNOWLEDGE AND SKILLS, RESPONSIBLE CITIZENSHIP, RESPECT FOR DIVERSITY AND DIFFERENCES, AND A SENSE OF WELL BEING NEEDED FOR A LIFETIME OF LEARNING AND PERSONAL GROWTH.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt0882029
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt0843094
IRS990/NetAssetsOrFundBalancesBOYAmt08232988
IRS990/NetAssetsOrFundBalancesEOYAmt08538817
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt0-122
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0-122
IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt06033
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt06033
IRS990/NetIncomeFromGamingGrp/ExclusionAmt03220
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt03220
IRS990/NetRentalIncomeOrLossGrp/RelatedOrExemptFuncIncomeAmt08725
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt08725
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0-22355
IRS990/NoncashContributionsAmt034565
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt08578
IRS990/OccupancyGrp/ProgramServicesAmt0194958
IRS990/OccupancyGrp/TotalAmt0203536
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt069160
IRS990/OfficeExpensesGrp/ProgramServicesAmt066057
IRS990/OfficeExpensesGrp/TotalAmt0135217
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt037696
IRS990/OtherAssetsTotalGrp/EOYAmt023455
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt0663
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt068250
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0162915
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0231828
IRS990/OtherExpensesGrp/Desc0CEI
IRS990/OtherExpensesGrp/Desc1CURRICULUM ENRICHMENT
IRS990/OtherExpensesGrp/Desc2INSTRUCTIONAL AIDS
IRS990/OtherExpensesGrp/Desc3ANNUAL APPEAL
IRS990/OtherExpensesGrp/FundraisingAmt060274
IRS990/OtherExpensesGrp/ProgramServicesAmt0161142
IRS990/OtherExpensesGrp/ProgramServicesAmt163964
IRS990/OtherExpensesGrp/ProgramServicesAmt262318
IRS990/OtherExpensesGrp/TotalAmt0161142
IRS990/OtherExpensesGrp/TotalAmt163964
IRS990/OtherExpensesGrp/TotalAmt262318
IRS990/OtherExpensesGrp/TotalAmt360274
IRS990/OtherLiabilitiesGrp/BOYAmt04675
IRS990/OtherLiabilitiesGrp/EOYAmt03305
IRS990/OtherRevenueMiscGrp/BusinessCd0611600
IRS990/OtherRevenueMiscGrp/Desc0MISCELLANEOUS INCOME
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt057363
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt057363
IRS990/OtherRevenueTotalAmt057363
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt0143035
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0803500
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt02366593
IRS990/OtherSalariesAndWagesGrp/TotalAmt03313128
IRS990/OtherWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/FundraisingAmt010502
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt082972
IRS990/PayrollTaxesGrp/ProgramServicesAmt0174734
IRS990/PayrollTaxesGrp/TotalAmt0268208
IRS990/PensionPlanContributionsGrp/FundraisingAmt06070
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt031756
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt092164
IRS990/PensionPlanContributionsGrp/TotalAmt0129990
IRS990/PermanentlyRstrNetAssetsGrp/BOYAmt0900403
IRS990/PermanentlyRstrNetAssetsGrp/EOYAmt0903053
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt027176
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt08735
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0130223
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt054751
IRS990/PrincipalOfficerNm0KATHRYN GOODFELLOW
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0611600
IRS990/ProgramServiceRevenueGrp/BusinessCd1611600
IRS990/ProgramServiceRevenueGrp/Desc0TUITION
IRS990/ProgramServiceRevenueGrp/Desc1STUDENT SUPPORT SERVIC
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt06161571
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1267116

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$17.4$6.84$10.6$6.25$7.14$0.89
2024Detailed filing. Detailed filing data is available for this year.$18.1$6.97$11.2$6.47$7.15$0.68
2023Detailed filing. Detailed filing data is available for this year.$18.2$6.51$11.7$10.00$9.00$1.00
2022Detailed filing. Detailed filing data is available for this year.$16.3$6.11$10.2$8.84$7.98$0.86
2021Detailed filing. Detailed filing data is available for this year.$17.0$6.90$10.1$7.81$7.81$0.01
2020Detailed filing. Detailed filing data is available for this year.$11.2$1.92$9.23$7.72$7.53$0.19
2019Detailed filing. Detailed filing data is available for this year.$11.2$2.19$9.04$7.76$7.52$0.24
2018Detailed filing. Detailed filing data is available for this year.$10.9$2.32$8.56$7.25$7.44$0.19
2017Detailed filing. Detailed filing data is available for this year.$10.7$2.22$8.51$6.98$7.38$0.40
2016Detailed filing. Detailed filing data is available for this year.$10.5$1.92$8.54$7.86$7.54$0.33
2015Detailed filing. Detailed filing data is available for this year.$10.2$1.97$8.23$7.62$7.78$0.17
2014Detailed filing. Detailed filing data is available for this year.$10.3$1.99$8.34$6.92$7.32$0.40
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$10.4$2.01$8.37$6.69$7.06$0.37
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$10.3$1.83$8.48$6.87
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$8.88$0.77$8.11$6.57