Civic Intelligence

Friends Academy Inc.

990 • Fiscal year 2020 • EIN 04-2104242

Jul 01, 2019 to Jun 30, 2020 • Filed on Nov 16, 2020

Organization ProfileWWW.FRIENDSACADEMY1810.ORG

View Organization Page

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

0.17x

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

2020 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2020

Liabilities / Revenue

46th percentile

0.25x

Higher debt load relative to revenue than 46% of similar nonprofits.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2020

Net Margin

44th percentile

2.5%

Higher net margin than 44% of similar nonprofits.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2020

Top Officer Pay

72nd percentile

$256,937

Higher top officer pay than 72% of similar nonprofits.

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

2020 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2020

Asset Growth

24th percentile

-0.7%

Faster asset growth than 24% of similar nonprofits.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2019 to 2020

Revenue Growth

43rd percentile

-0.5%

Faster revenue growth than 43% of similar nonprofits.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets45th percentile

Assets

Down

$11,155,107

Down $76,934 (-0.7%) from 2019

Net Assets

Up

$9,233,844

Up $192,053 (+2.1%) from 2019

Liabilities

Down

$1,921,263

Down $268,987 (-12%) from 2019

Revenue And Expenses
Liabilities / Revenue46th percentileNet Margin44th percentile

Revenue

Down

$7,717,714

Down $40,047 (-0.5%) from 2019

Expenses

Up

$7,527,648

Up $11,588 (+0.2%) from 2019

Net Income

Down

$190,066

Down $51,635 (-21%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth24th percentile

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

2020

Assets$11,155,107
Liabilities$1,921,263
Net Assets$9,233,844
Open 2020 Filing

Operations Trend

Revenue Growth43rd percentile

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

2020

Revenue$7,717,714
Expenses$7,527,648
Net Income$190,066
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
Nov 16, 2020
Return Version
2019v5.1
Gross Receipts
$7,739,127
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.

The trustees of 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$5,678,040$5,626,360▼ $51,680
Investments Other Securities$3,477,504$3,365,945▼ $111,559
Savings and Temporary Cash Investments$982,721$1,244,509▲ $261,788
Cash and Non-Interest-Bearing Accounts$913,747$791,074▼ $122,673
Prepaid Expenses and Deferred Charges$73,855$76,200▲ $2,345
Accounts Receivable$59,656$51,019▼ $8,637
Pledges and Grants Receivable$9,700$0▼ $9,700
Total Assets$11,232,041$11,155,107▼ $76,934
Other Assets Total$36,818$0▼ $36,818
Liabilities
Mortgage Notes Payable Secured by Investment Property$937,323$876,729▼ $60,594
Deferred Revenue$812,838$628,404▼ $184,434
Accounts Payable and Accrued Expenses$437,024$413,251▼ $23,773
Other Liabilities$3,065$2,879▼ $186
Total Liabilities$2,190,250$1,921,263▼ $268,987
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$6,087,394$6,292,733▲ $205,339
Net Assets With Donor Restrictions$2,954,397$2,941,111▼ $13,286
Total Net Assets Fund Balance$9,041,791$9,233,844▲ $192,053
Total Liabilities and Net Assets / Fund Balance$11,232,041$11,155,107▼ $76,934

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$5,123,367$4,961,261$10,084,628
Equipment$177,047$891,872$1,068,919
Land$257,311-$257,311
Other Land Buildings$68,635-$68,635
Other Securities$1,011,131--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2019$3,477,504$3,587▲ $61,134$130,720$3,365,945
2018$3,363,209$1,900▲ $282,976$126,929$3,477,504
2017$3,250,443$250,561▲ $287,816$380,611$3,363,209
2016$2,945,715$174,425▲ $404,077$273,774$3,250,443
2015$2,421,557$1,720,261▲ $19,601$1,215,704$2,945,715
Compensation and Service Providers
Top Officer Pay72nd percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Benjamin KennedyHead of SchoolFT$199,872$57,065$256,937
Jamie Ross-coryAssistant Head of SchoolFT$106,800$33,072$139,872
Katherine FurtadoChief Financial Officer (thru 09/2020)FT$103,400$30,171$133,571

Board Members and Trustees

NameTitle
Kathryn GoodfellowPresident
Ralph TavaresVice-president
Aiden FitzgeraldTrustee
Alice RootTrustee
Ann BoxlerTrustee
Chad PowersTrustee
Edward CarneyTrustee
George FearonsTrustee
Marguerite LangTrustee
Mary Van PeltTrustee
Peter DaviesTrustee
Umesh KcTrustee
William PrescottTrustee
Maureen DeckerSecretary
Jaime BarnesTreasurer (as of 1/2020)
Lawrence HuntTreasurer (thru 01/2020)

Highest Paid Contractors

ContractorServicesLocationCompensation
Rp ValoisFarmhouse Renovation299 RUSSELLS MILLS ROAD, Dartmouth, MA 02748$143,324
Revenue and Support

Revenue Composition

Contributions and Grants
$407,606
Program Service Revenue
$7,230,149
Investment Income
$56,432
Other Revenue
$23,527
All Other Contributions
$378,591
Change in Net Assets
$190,066

Audited Revenue Reconciliation

Revenue per Audited Statements
$6,020,208
Revenue Not Reported on Financial Statements
$1,697,506
Revenue Not Reported on Form 990
$8,897
Other Revenue Adjustments
$1,697,506
Total Revenue per Audited Statements
$6,029,105
Total Revenue per Form 990
$7,717,714
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$4,506,618
Grants and Similar Amounts Paid$1,692,021
Other Expenses$1,329,009
Total Fundraising Expense$236,980
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$2,458,356$821,634$119,565$3,399,555
Grants to Domestic Individuals$1,692,021--$1,692,021
Other Employee Benefits$501,290$50,559$3,414$555,263
Depreciation Depletion$306,127$36,015$18,007$360,149
Occupancy$254,760$29,580$13,364$297,704
Payroll Taxes$176,891$96,957$12,562$286,410
Current Officers, Directors, Trustees, and Key Employees$200,494$43,264$21,632$265,390
Office Expenses$141,977$45,600$44,238$231,815
Fees for Services Other$18,746$78,740-$97,486
All Other Expenses$19,396$54,549-$73,945
Insurance$57,429$10,226$3,299$70,954
Interest$32,376--$32,376
Fees for Services Accounting-$25,000-$25,000
Other Expenses$34,482$20,147$899$20,147
Advertising-$625-$625
Total Functional Expenses$5,953,589$1,337,079$236,980$7,527,648

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$7,527,648
Total Expenses per Audited Statements$5,837,052
Expenses per Audited Statements$5,830,142
Expenses Not Reported on Financial Statements$1,697,506
Other Expense Adjustments$1,697,506
Expenses Not Reported on Form 990$6,910
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$6,910
Fundraising Gross Income$1,986
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
February 2020 Fundraiser$31,001$1,986$2,684$-698
Total Events$31,001$1,986$6,910$-4,924
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$2,879
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
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
No
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 11B

“The form 990 is reviewed for accuracy by the finance committee of the board of trustees who discuss it wth the full board. Copies of the form 990 are provided to the full board before it is filed.”

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. These documents are collected by the chief financial officer. Any potential conflicts of interest are reviewed and resolved by the board of trustees.”

Form 990, Part VI, Section B, Line 15A

“The head's compensation/contract committee of the board of trustees annually reviews the compensation of the headmaster. This is done by utilizing comparative data from similar organizations, considering education and experience of the headmaster and the outcome of the organization's goals during the year. The committee's determinations and decisions are documented annually and a written four year term contract is entered into with the headmaster.”

Form 990, Part VI, Section C, Line 18

“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.”

Form 990, Part VI, Section C, Line 19

“Copies of the by-laws, conflict of interest policy and the annual financial statements are available upon request from the headmaster.”

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
Benjamin Kennedy
Title
Head of School
Phone
5089991356
Signed
2020-11-16
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kathryn Goodfellow
Formed
1810
Legal Domicile
Ma
Voting Board Members
15
Independent Board Members
15
Employees
101
Volunteers
10

Preparer

Firm
Blum Shapiro & Company Pc
Address
TWO INTERNATIONAL PLACE 22ND FLOOR, BOSTON, MA 02110
Preparer
Laura Kenney
Phone
6177170831
Supplemental Narrative

Financial Statement Notes

PART V, LINE 4:

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

PART X, LINE 2:

“The school is a tax-exempt organization described under section 501(c)(3) of the internal revenue code (the irc) and, as such, is not subject to federal or state corporation income taxes. The school had no uncertain tax positions at june 30, 2020 and 2019. The school's federal information returns prior to fiscal year 2017 are closed, and management continually evaluates expiring statutes of limitations, audits, proposed settlements, changes in tax law and new authoritative rulings. If the school had unrelated business income taxes, it would recognize interest and penalties associated with any tax matters as part of the income tax provision and include accrued interest and penalties with the related tax liability in the statements of financial position.”

PART XI, LINE 2D - OTHER ADJUSTMENTS:

“Fundraising expenses 6,910.”

PART XI, LINE 4B - OTHER ADJUSTMENTS:

“Financial aid granted 1,692,021. Tuition rebates 5,485.”

PART XII, LINE 2D - OTHER ADJUSTMENTS:

“Fundraising expenses 6,910.”

PART XII, LINE 4B - OTHER ADJUSTMENTS:

“Financial aid granted 1,692,021. Tuition rebates 5,485.”

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IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt130
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt140
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt150
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt160
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt170
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt180
IRS990/Form990PartVIISectionAGrp/PersonNm0BENJAMIN KENNEDY
IRS990/Form990PartVIISectionAGrp/PersonNm1JAMIE ROSS-CORY
IRS990/Form990PartVIISectionAGrp/PersonNm2KATHERINE FURTADO
IRS990/Form990PartVIISectionAGrp/PersonNm3AIDEN FITZGERALD
IRS990/Form990PartVIISectionAGrp/PersonNm4UMESH KC
IRS990/Form990PartVIISectionAGrp/PersonNm5ANN BOXLER
IRS990/Form990PartVIISectionAGrp/PersonNm6GEORGE FEARONS
IRS990/Form990PartVIISectionAGrp/PersonNm7ALICE ROOT
IRS990/Form990PartVIISectionAGrp/PersonNm8MARGUERITE LANG
IRS990/Form990PartVIISectionAGrp/PersonNm9CHAD POWERS
IRS990/Form990PartVIISectionAGrp/PersonNm10PETER DAVIES
IRS990/Form990PartVIISectionAGrp/PersonNm11EDWARD CARNEY
IRS990/Form990PartVIISectionAGrp/PersonNm12MARY VAN PELT
IRS990/Form990PartVIISectionAGrp/PersonNm13WILLIAM PRESCOTT
IRS990/Form990PartVIISectionAGrp/PersonNm14KATHRYN GOODFELLOW
IRS990/Form990PartVIISectionAGrp/PersonNm15RALPH TAVARES
IRS990/Form990PartVIISectionAGrp/PersonNm16MAUREEN DECKER
IRS990/Form990PartVIISectionAGrp/PersonNm17JAIME BARNES
IRS990/Form990PartVIISectionAGrp/PersonNm18LAWRENCE HUNT
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt0199872
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt1106800
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt2103400
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt150
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt160
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt170
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt180
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
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/TitleTxt0HEAD OF SCHOOL
IRS990/Form990PartVIISectionAGrp/TitleTxt1ASSISTANT HEAD OF SCHOOL
IRS990/Form990PartVIISectionAGrp/TitleTxt2CHIEF FINANCIAL OFFICER (THRU 09/2020)
IRS990/Form990PartVIISectionAGrp/TitleTxt3TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt4TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt5TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt6TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt7TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt8TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt9TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt10TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt11TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt12TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt13TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt14PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt15VICE-PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt16SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt17TREASURER (AS OF 1/2020)
IRS990/Form990PartVIISectionAGrp/TitleTxt18TREASURER (THRU 01/2020)
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr01810
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd01
IRS990/FundraisingAmt029015
IRS990/FundraisingDirectExpensesAmt06910
IRS990/FundraisingGrossIncomeAmt01986
IRS990/GainOrLossGrp/OtherAmt0-14503
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt015
IRS990/GrantAmt01692021
IRS990/GrantsToDomesticIndividualsGrp/ProgramServicesAmt01692021
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt01692021
IRS990/GrantsToIndividualsInd01
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt07739127
IRS990/GrossRentsGrp/RealAmt03050
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt015
IRS990/IndivRcvdGreaterThan100KCnt03
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InsuranceGrp/FundraisingAmt03299
IRS990/InsuranceGrp/ManagementAndGeneralAmt010226
IRS990/InsuranceGrp/ProgramServicesAmt057429
IRS990/InsuranceGrp/TotalAmt070954
IRS990/InterestGrp/ProgramServicesAmt032376
IRS990/InterestGrp/TotalAmt032376
IRS990/InvestmentIncomeGrp/ExclusionAmt070935
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt070935
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt03477504
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt03365945
IRS990/IRPDocumentCnt026
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt05853133
IRS990/LandBldgEquipBasisNetGrp/BOYAmt05678040
IRS990/LandBldgEquipBasisNetGrp/EOYAmt05626360
IRS990/LandBldgEquipCostOrOtherBssAmt011479493
IRS990/LegalDomicileStateCd0MA
IRS990/LessCostOthBasisSalesExpnssGrp/OtherAmt014503
IRS990/LessRentalExpensesGrp/RealAmt00
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0THE 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.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt0937323
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt0876729
IRS990/NetAssetsOrFundBalancesBOYAmt09041791
IRS990/NetAssetsOrFundBalancesEOYAmt09233844
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt0-14503
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0-14503
IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt0-4924
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt0-4924
IRS990/NetRentalIncomeOrLossGrp/RelatedOrExemptFuncIncomeAmt03050
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt03050
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt01987
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt06087394
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt06292733
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/FundraisingAmt013364
IRS990/OccupancyGrp/ManagementAndGeneralAmt029580
IRS990/OccupancyGrp/ProgramServicesAmt0254760
IRS990/OccupancyGrp/TotalAmt0297704
IRS990/OfficeExpensesGrp/FundraisingAmt044238
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt045600
IRS990/OfficeExpensesGrp/ProgramServicesAmt0141977
IRS990/OfficeExpensesGrp/TotalAmt0231815
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt036818
IRS990/OtherAssetsTotalGrp/EOYAmt00
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt03414
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt050559
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0501290
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0555263
IRS990/OtherExpensesGrp/Desc0CURRICULUM ENRICHMENT
IRS990/OtherExpensesGrp/Desc1EDUCATION PROGRAM EXPEN
IRS990/OtherExpensesGrp/Desc2COMMUNICATIONS
IRS990/OtherExpensesGrp/Desc3PAYROLL RELATED EXPENSE
IRS990/OtherExpensesGrp/FundraisingAmt0899
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt024183
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt120147
IRS990/OtherExpensesGrp/ProgramServicesAmt059244
IRS990/OtherExpensesGrp/ProgramServicesAmt134482
IRS990/OtherExpensesGrp/TotalAmt060143
IRS990/OtherExpensesGrp/TotalAmt134482
IRS990/OtherExpensesGrp/TotalAmt224183
IRS990/OtherExpensesGrp/TotalAmt320147
IRS990/OtherLiabilitiesGrp/BOYAmt03065
IRS990/OtherLiabilitiesGrp/EOYAmt02879
IRS990/OtherRevenueMiscGrp/BusinessCd0611600
IRS990/OtherRevenueMiscGrp/Desc0MISCELLANEOUS INCOME
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt025401
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt025401
IRS990/OtherRevenueTotalAmt025401
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt0119565
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0821634
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt02458356
IRS990/OtherSalariesAndWagesGrp/TotalAmt03399555
IRS990/OtherWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/FundraisingAmt012562
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt096957
IRS990/PayrollTaxesGrp/ProgramServicesAmt0176891
IRS990/PayrollTaxesGrp/TotalAmt0286410
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt09700
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt073855
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt076200
IRS990/PrincipalOfficerNm0KATHRYN GOODFELLOW
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0611600
IRS990/ProgramServiceRevenueGrp/BusinessCd1611600
IRS990/ProgramServiceRevenueGrp/Desc0TUITION
IRS990/ProgramServiceRevenueGrp/Desc1STUDENT SUPPORT SERVIC
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt06988600
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1241549
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt06988600
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1241549
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0329997
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt01707057
IRS990/PYInvestmentIncomeAmt057599
IRS990/PYOtherExpensesAmt01301545
IRS990/PYOtherRevenueAmt077064
IRS990/PYProgramServiceRevenueAmt07293101
IRS990/PYRevenuesLessExpensesAmt0241701
IRS990/PYSalariesCompEmpBnftPaidAmt04507458
IRS990/PYTotalExpensesAmt07516060
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt07757761
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0190066
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RentalIncomeOrLossGrp/RealAmt03050
IRS990/ReportInvestmentsOtherSecInd01
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt07258600

Document Assets

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Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$11,155,107
Liabilities
$1,921,263
Net assets
$9,233,844
Revenue
$7,717,714
Expenses
$7,527,648
Net income
$190,066
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
Peer Organizations

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