Civic Intelligence

Friends Academy Inc.

990 • Fiscal year 2021 • EIN 04-2104242

Jul 01, 2020 to Jun 30, 2021 • Filed on May 17, 2022

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

71st percentile

0.41x

Higher debt load relative to assets than 71% of similar nonprofits.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2021

Liabilities / Revenue

79th percentile

0.88x

Higher debt load relative to revenue than 79% of similar nonprofits.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2021

Net Margin

22nd percentile

0.1%

Higher net margin than 22% of similar nonprofits.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2021

Top Officer Pay

78th percentile

$291,371

Higher top officer pay than 78% of similar nonprofits.

Top officer pay equals 3.7% of source-year revenue.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2021

Asset Growth

91st percentile

53%

Faster asset growth than 91% of similar nonprofits.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2020 to 2021

Revenue Growth

32nd percentile

1.2%

Faster revenue growth than 32% of similar nonprofits.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets71st percentile

Assets

Up

$17,029,726

Up $5,874,619 (+53%) from 2020

Net Assets

Up

$10,124,835

Up $890,991 (+9.6%) from 2020

Liabilities

Up

$6,904,891

Up $4,983,628 (+259%) from 2020

Revenue And Expenses
Liabilities / Revenue79th percentileNet Margin22nd percentile

Revenue

Up

$7,811,864

Up $94,150 (+1.2%) from 2020

Expenses

Up

$7,806,372

Up $278,724 (+3.7%) from 2020

Net Income

Down

$5,492

Down $184,574 (-97%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth91st 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

2021

Assets$17,029,726
Liabilities$6,904,891
Net Assets$10,124,835
Open 2021 Filing

Operations Trend

Revenue Growth32nd 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

2021

Revenue$7,811,864
Expenses$7,806,372
Net Income$5,492
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
May 17, 2022
Return Version
2020v4.2
Gross Receipts
$7,830,134
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$5,626,360$5,626,601▲ $241
Investments Other Securities$3,365,945$4,282,595▲ $916,650
Accounts Receivable$51,019$4,018,167▲ $3,967,148
Savings and Temporary Cash Investments$1,244,509$1,601,250▲ $356,741
Cash and Non-Interest-Bearing Accounts$791,074$1,373,229▲ $582,155
Prepaid Expenses and Deferred Charges$76,200$127,884▲ $51,684
Total Assets$11,155,107$17,029,726▲ $5,874,619
Liabilities
Deferred Revenue$628,404$4,834,618▲ $4,206,214
Mortgage Notes Payable Secured by Investment Property$876,729$813,861▼ $62,868
Other Liabilities$2,879$749,584▲ $746,705
Accounts Payable and Accrued Expenses$413,251$506,828▲ $93,577
Total Liabilities$1,921,263$6,904,891▲ $4,983,628
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$6,292,733$6,933,611▲ $640,878
Net Assets With Donor Restrictions$2,941,111$3,191,224▲ $250,113
Total Net Assets Fund Balance$9,233,844$10,124,835▲ $890,991
Total Liabilities and Net Assets / Fund Balance$11,155,107$17,029,726▲ $5,874,619

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$5,132,575$5,225,845$10,358,420
Equipment$211,715$1,011,241$1,222,956
Land$257,311-$257,311
Other Land Buildings$25,000-$25,000
Other Securities$1,041,652--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2020$3,365,945$15,056▲ $916,651$74,153$4,197,652
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
Compensation and Service Providers
Top Officer Pay78th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Benjamin KennedyHead of SchoolFT$215,388$75,983$291,371
Jamie Ross-coryAssistant Head of SchoolFT$112,752$4,510$117,262
Katherine FurtadoChief Financial Officer (thru 9/2020)FT$82,058$3,248$85,306

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
Revenue and Support

Revenue Composition

Contributions and Grants
$319,115
Program Service Revenue
$7,414,921
Investment Income
$46,197
Other Revenue
$31,631
All Other Contributions
$299,648
Change in Net Assets
$5,492

Audited Revenue Reconciliation

Revenue per Audited Statements
$7,797,434
Revenue Not Reported on Financial Statements
$14,430
Revenue Not Reported on Form 990
$-1,033,361
Total Revenue per Audited Statements
$6,764,073
Total Revenue per Form 990
$7,811,864
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$4,301,852
Grants and Similar Amounts Paid$1,934,969
Other Expenses$1,569,551
Total Fundraising Expense$216,090
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$2,524,335$547,630$128,338$3,200,303
Grants to Domestic Individuals$1,934,969--$1,934,969
Other Employee Benefits$457,218$76,721$4,728$538,667
Depreciation Depletion$332,088$39,069$19,535$390,692
Current Officers, Directors, Trustees, and Key Employees$221,921$72,998$22,095$317,014
Fees for Services Other$1,468$260,411-$261,879
Occupancy$211,882$25,197$12,487$249,566
Payroll Taxes$182,687$54,485$8,696$245,868
Office Expenses$104,400$39,803$11,155$155,358
All Other Expenses$25,862$75,606-$101,468
Insurance$49,669$8,085$2,865$60,619
Fees for Services Accounting-$33,854-$33,854
Other Expenses$74,687$32,653$6,191$32,653
Interest$30,101--$30,101
Fees for Service Investment Mgmnt Fees-$14,430-$14,430
Advertising-$6,711-$6,711
Total Functional Expenses$6,256,528$1,333,754$216,090$7,806,372

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$7,806,372
Expenses per Audited Statements$7,791,942
Total Expenses per Audited Statements$5,873,082
Expenses Not Reported on Financial Statements$14,430
Expenses Not Reported on Form 990$-1,918,860
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$16,969
Fundraising Direct Expenses$16,109
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Spring Swing Event$36,436$16,969$11,129$5,840
Total Events$36,436$16,969$16,109$860
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Ppp Loan$746,367
Deposits Held in Custody for Others$3,217
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
2022-05-17
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
103
Volunteers
9

Preparer

Firm
Cliftonlarsonallen
Address
29 SOUTH MAIN STREET 4TH FLOOR, WEST HARTFORD, CT 06107
Preparer
John Toscano
Phone
8605614000
Supplemental Narrative

Additional Explanations

Form 990, Part XII, Line 2C

“The organization has not changed its oversight or selection processes during the tax year.”

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, 2021 and 2020. The school's federal information returns prior to fiscal year 2018 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 16,109. Financial aid granted -1,934,969.”

PART XII, LINE 2D - OTHER ADJUSTMENTS:

“Fundraising expenses 16,109. Financial aid granted -1,934,969.”

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IRS990/ActivityOrMissionDesc0THE 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.
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IRS990/Form990PartVIISectionAGrp/PersonNm7PETER DAVIES
IRS990/Form990PartVIISectionAGrp/PersonNm8EDWARD CARNEY
IRS990/Form990PartVIISectionAGrp/PersonNm9MARY VAN PELT
IRS990/Form990PartVIISectionAGrp/PersonNm10WILLIAM PRESCOTT
IRS990/Form990PartVIISectionAGrp/PersonNm11KATHRYN GOODFELLOW
IRS990/Form990PartVIISectionAGrp/PersonNm12RALPH TAVARES
IRS990/Form990PartVIISectionAGrp/PersonNm13MAUREEN DECKER
IRS990/Form990PartVIISectionAGrp/PersonNm14JAIME BARNES
IRS990/Form990PartVIISectionAGrp/PersonNm15BENJAMIN KENNEDY
IRS990/Form990PartVIISectionAGrp/PersonNm16KATHERINE FURTADO
IRS990/Form990PartVIISectionAGrp/PersonNm17JAMIE ROSS-CORY
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
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/ReportableCompFromOrgAmt15215388
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt1682058
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt17112752
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/TitleTxt0TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt1TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt2TRUSTEE
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/TitleTxt11PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt12VICE-PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt13SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt14TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt15HEAD OF SCHOOL
IRS990/Form990PartVIISectionAGrp/TitleTxt16CHIEF FINANCIAL OFFICER (THRU 9/2020)
IRS990/Form990PartVIISectionAGrp/TitleTxt17ASSISTANT HEAD OF SCHOOL
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr01810
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd01
IRS990/FundraisingAmt019467
IRS990/FundraisingDirectExpensesAmt016109
IRS990/FundraisingGrossIncomeAmt016969
IRS990/GainOrLossGrp/OtherAmt0-2161
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt015
IRS990/GrantAmt01934969
IRS990/GrantsToDomesticIndividualsGrp/ProgramServicesAmt01934969
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt01934969
IRS990/GrantsToIndividualsInd01
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt07830134
IRS990/GrossRentsGrp/RealAmt03000
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt015
IRS990/IndivRcvdGreaterThan100KCnt02
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InsuranceGrp/FundraisingAmt02865
IRS990/InsuranceGrp/ManagementAndGeneralAmt08085
IRS990/InsuranceGrp/ProgramServicesAmt049669
IRS990/InsuranceGrp/TotalAmt060619
IRS990/InterestGrp/ProgramServicesAmt030101
IRS990/InterestGrp/TotalAmt030101
IRS990/InvestmentIncomeGrp/ExclusionAmt048358
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt048358
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt03365945
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt04282595
IRS990/IRPDocumentCnt026
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt06237086
IRS990/LandBldgEquipBasisNetGrp/BOYAmt05626360
IRS990/LandBldgEquipBasisNetGrp/EOYAmt05626601
IRS990/LandBldgEquipCostOrOtherBssAmt011863687
IRS990/LegalDomicileStateCd0MA
IRS990/LessCostOthBasisSalesExpnssGrp/OtherAmt02161
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/BOYAmt0876729
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt0813861
IRS990/NetAssetsOrFundBalancesBOYAmt09233844
IRS990/NetAssetsOrFundBalancesEOYAmt010124835
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt0-2161
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0-2161
IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt0860
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt0860
IRS990/NetRentalIncomeOrLossGrp/ExclusionAmt03000
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt03000
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0885499
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt06292733
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt06933611
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/FundraisingAmt012487
IRS990/OccupancyGrp/ManagementAndGeneralAmt025197
IRS990/OccupancyGrp/ProgramServicesAmt0211882
IRS990/OccupancyGrp/TotalAmt0249566
IRS990/OfficeExpensesGrp/FundraisingAmt011155
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt039803
IRS990/OfficeExpensesGrp/ProgramServicesAmt0104400
IRS990/OfficeExpensesGrp/TotalAmt0155358
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt04728
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt076721
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0457218
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0538667
IRS990/OtherExpensesGrp/Desc0COVID-19 EXPENSES
IRS990/OtherExpensesGrp/Desc1EDUCATION PROGRAM EXPEN
IRS990/OtherExpensesGrp/Desc2MISCELLANEOUS
IRS990/OtherExpensesGrp/Desc3COMMUNICATIONS
IRS990/OtherExpensesGrp/FundraisingAmt06191
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt012381
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt133720
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt232653
IRS990/OtherExpensesGrp/ProgramServicesAmt0105241
IRS990/OtherExpensesGrp/ProgramServicesAmt174687
IRS990/OtherExpensesGrp/TotalAmt0123813
IRS990/OtherExpensesGrp/TotalAmt174687
IRS990/OtherExpensesGrp/TotalAmt233720
IRS990/OtherExpensesGrp/TotalAmt332653
IRS990/OtherLiabilitiesGrp/BOYAmt02879
IRS990/OtherLiabilitiesGrp/EOYAmt0749584
IRS990/OtherRevenueMiscGrp/BusinessCd0611600
IRS990/OtherRevenueMiscGrp/Desc0MISCELLANEOUS INCOME
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt027771
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt027771
IRS990/OtherRevenueTotalAmt027771
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt0128338
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0547630
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt02524335
IRS990/OtherSalariesAndWagesGrp/TotalAmt03200303
IRS990/OtherWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/FundraisingAmt08696
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt054485
IRS990/PayrollTaxesGrp/ProgramServicesAmt0182687
IRS990/PayrollTaxesGrp/TotalAmt0245868
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt076200
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0127884
IRS990/PrincipalOfficerNm0KATHRYN GOODFELLOW
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0611600
IRS990/ProgramServiceRevenueGrp/BusinessCd1611600
IRS990/ProgramServiceRevenueGrp/Desc0TUITION
IRS990/ProgramServiceRevenueGrp/Desc1STUDENT SUPPORT SERVIC
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt07308515
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1106406
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt07308515
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1106406
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0407606
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt01692021
IRS990/PYInvestmentIncomeAmt056432
IRS990/PYOtherExpensesAmt01329009
IRS990/PYOtherRevenueAmt023527
IRS990/PYProgramServiceRevenueAmt07230149
IRS990/PYRevenuesLessExpensesAmt0190066
IRS990/PYSalariesCompEmpBnftPaidAmt04506618
IRS990/PYTotalExpensesAmt07527648
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt07717714
IRS990/QuidProQuoContributionsInd01
IRS990/QuidProQuoContriDisclInd01
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt05492
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RentalIncomeOrLossGrp/RealAmt03000
IRS990/ReportInvestmentsOtherSecInd01
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt07442692
IRS990/SavingsAndTempCashInvstGrp/BOYAmt01244509
IRS990/SavingsAndTempCashInvstGrp/EOYAmt01601250
IRS990ScheduleA/SchoolInd0X
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/BoardDesignatedBalanceEOYPct00.43464
IRS990ScheduleD/BuildingsGrp/BookValueAmt05132575

Document Assets

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Filings

Displayed year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$17,029,726
Liabilities
$6,904,891
Net assets
$10,124,835
Revenue
$7,811,864
Expenses
$7,806,372
Net income
$5,492
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