Civic Intelligence

The Friends of Foundation Academy Inc

EIN 27-2091277 • 501(c)3 • Trenton, NJ

Profile

The mission of the organization is: (1) to foster supportive community and private sector relationships to sevice the interest and needs of foundation academy charter school, located in trenton, new jersey; and (2) to inform the community about the strengths of and challenges faced by the charter school, and to serve as a catalyst to support and enhance foundation academy charter school, and heighten learning opportunities for children.

363 W State StTrenton, NJ 08618

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

84th percentile

0.96x

Higher debt load relative to assets than 84% of similar nonprofits.

NTEE B • $50M-$100M nonprofits • Source year 2025

Liabilities / Revenue

99th percentile

29.04x

Higher debt load relative to revenue than 99% of similar nonprofits.

NTEE B • $50M-$100M nonprofits • Source year 2025

Net Margin

72nd percentile

13%

Higher net margin than 72% of similar nonprofits.

NTEE B • $50M-$100M nonprofits • Source year 2025

Top Officer Pay

13th percentile

$0

Higher top officer pay than 13% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

NTEE B • $50M-$100M nonprofits • Source year 2025

Asset Growth

98th percentile

374%

Faster asset growth than 98% of similar nonprofits.

NTEE B • $50M-$100M nonprofits • Annualized from 2024 to 2025

Revenue Growth

97th percentile

107%

Faster revenue growth than 97% of similar nonprofits.

NTEE B • $50M-$100M nonprofits • Annualized from 2024 to 2025

Balance Sheet
Liabilities / Assets84th percentile

Assets

Up

$17,294,993

Up $500,976 (+3.0%) from 2023

Liabilities

Up

$14,424,970

Up $437,326 (+3.1%) from 2023

Net Assets

Up

$2,870,023

Up $63,650 (+2.3%) from 2023

Operations
Liabilities / Revenue99th percentileNet Margin72nd percentile

Revenue

Down

$1,308,775

Down $145,544 (-10%) from 2023

Expenses

Up

$1,249,937

Up $176,173 (+16%) from 2023

Net Income

Down

$58,838

Down $321,717 (-85%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth98th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$20M$15M$10M$5.0M$0-$5.0MAssets 2011: $3,524Liabilities 2011: $200,000Net Assets 2011: -$196,4762011Assets 2012: $763Liabilities 2012: $200,000Net Assets 2012: -$199,2372012Assets 2013: $16,765Liabilities 2013: $0Net Assets 2013: $16,7652013Assets 2014: $12,609Net Assets 2014: $12,6092014Assets 2015: $23,170Net Assets 2015: $23,1702015Assets 2018: $15,044,712Liabilities 2018: $14,305,553Net Assets 2018: $739,1592018Assets 2020: $16,305,696Liabilities 2020: $14,077,008Net Assets 2020: $2,228,6882020Assets 2021: $16,617,434Liabilities 2021: $14,255,119Net Assets 2021: $2,362,3152021Assets 2022: $16,563,364Liabilities 2022: $14,142,239Net Assets 2022: $2,421,1252022Assets 2023: $16,794,017Liabilities 2023: $13,987,644Net Assets 2023: $2,806,3732023Assets 2024: $17,294,993Liabilities 2024: $14,424,970Net Assets 2024: $2,870,0232024

Highlighted filing

2024

Assets$17,294,993
Liabilities$14,424,970
Net Assets$2,870,023
Open 2024 Filing

Operations Trend

Revenue Growth97th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$1.5M$1.0M$500K$0-$500KRevenue 2011: $39,050Expenses 2011: $175,564Net Income 2011: -$136,5142011Revenue 2012: $4,605Expenses 2012: $7,366Net Income 2012: -$2,7612012Revenue 2013: $224,456Expenses 2013: $8,454Net Income 2013: $216,0022013Revenue 2014: $5,850Expenses 2014: $10,006Net Income 2014: -$4,1562014Revenue 2015: $27,100Expenses 2015: $16,539Net Income 2015: $10,5612015Revenue 2018: $753,320Expenses 2018: $24,095Net Income 2018: $729,2252018Revenue 2020: $1,270,911Expenses 2020: $269,292Net Income 2020: $1,001,6192020Revenue 2021: $1,226,320Expenses 2021: $1,092,771Net Income 2021: $133,5492021Revenue 2022: $1,229,160Expenses 2022: $1,170,350Net Income 2022: $58,8102022Revenue 2023: $1,454,319Expenses 2023: $1,073,764Net Income 2023: $380,5552023Revenue 2024: $1,308,775Expenses 2024: $1,249,937Net Income 2024: $58,8382024

Highlighted filing

2024

Revenue$1,308,775
Expenses$1,249,937
Net Income$58,838
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$17,294,993
Liabilities
$14,424,970
Net assets
$2,870,023
Revenue
$1,308,775
Expenses
$1,249,937
Net income
$58,838
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$17.3$14.4$2.87$1.31$1.25$0.06
2023Detailed filing. Detailed filing data is available for this year.$16.8$14.0$2.81$1.45$1.07$0.38
2022Detailed filing. Detailed filing data is available for this year.$16.6$14.1$2.42$1.23$1.17$0.06
2021Detailed filing. Detailed filing data is available for this year.$16.6$14.3$2.36$1.23$1.09$0.13
2020Detailed filing. Detailed filing data is available for this year.$16.3$14.1$2.23$1.27$0.27$1.00
2018Detailed filing. Detailed filing data is available for this year.$15.0$14.3$0.74$0.75$0.02$0.73
2015Detailed filing. Detailed filing data is available for this year.$0.02$0.02$0.03$0.02$0.01
2014Detailed filing. Detailed filing data is available for this year.$0.01$0.01$0.01$0.01$0.00
2013Detailed filing. Detailed filing data is available for this year.$0.02$0.00$0.02$0.22$0.01$0.22
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.00$0.20$0.20$0.00$0.01$0.00
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.00$0.20$0.20$0.04$0.18$0.14
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
Dec 31, 2024
Return Version
2023v6.0
Gross Receipts
$1,308,775
Mission and Program Overview

Mission

The friends of foundation academies supports, enhances, and promotes the work of foundation academies by raising funds and delivering services, programs, and partnerships that equitably serve the best interests of our school community.

support Foundation Academies by raising funds & delivering services, programs, acquisitions, and partnerships that equitably serve the best interests of our school community.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Program Related$13,467,169$13,447,264▼ $19,905
Land, Buildings, and Equipment, Net$0$1,120,224▲ $1,120,224
Investments in Publicly Traded Securities$0$639,318▲ $639,318
Cash and Non-Interest-Bearing Accounts$647,528$241,619▼ $405,909
Savings and Temporary Cash Investments$813,058$130,562▼ $682,496
Pledges and Grants Receivable$213,712$43,693▼ $170,019
Prepaid Expenses and Deferred Charges$19,234$15,735▼ $3,499
Accounts Receivable$250$0▼ $250
Other Notes and Loans Receivable, Net$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Total Assets$16,794,017$17,294,993▲ $500,976
Other Assets Total$1,633,066$1,656,578▲ $23,512
Liabilities
Tax Exempt Bond Liabilities$13,459,192$13,327,379▼ $131,813
Accounts Payable and Accrued Expenses$347,236$896,765▲ $549,529
Grants Payable$181,216$200,826▲ $19,610
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Other Liabilities$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Total Liabilities$13,987,644$14,424,970▲ $437,326
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$2,526,027$2,633,042▲ $107,015
Net Assets With Donor Restrictions$280,346$236,981▼ $43,365
Total Net Assets Fund Balance$2,806,373$2,870,023▲ $63,650
Total Liabilities and Net Assets / Fund Balance$16,794,017$17,294,993▲ $500,976

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$1,120,224-$1,120,224
Investment Program Related Org$155,773--
Other Assets Org$1,656,578--
Compensation and Service Providers
Top Officer Pay13th percentile

Board Members and Trustees

NameTitle
Donald HofmannBoard Chair
Andre MooreBoard Member
Betsy RendallBoard Member
Dr Fitzroy DawkinsBoard Member
Jorgen Bundgaard HansenBoard Member
Howard PowersBOARD MEMBER (Term 6-30-2024)
Anthony KlockenbrinkSecretary
Reid McCarthyTreasurer (Term 6-30-2024)
Revenue and Support

Revenue Composition

Contributions and Grants
$417,270
Program Service Revenue
$785,176
Investment Income
$106,329
Other Revenue
$0
All Other Contributions
$417,270
Change in Net Assets
$58,838

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,308,775
Revenue Not Reported on Form 990
$140,806
Total Revenue per Audited Statements
$1,449,581
Total Revenue per Form 990
$1,308,775
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,164,436
Total Fundraising Expense$98,156
Grants and Similar Amounts Paid$85,501
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Interest$634,087--$634,087
Other Expenses$116,282$19,337-$135,619
Fees for Services Other$13,300-$81,918$95,218
Grants to Domestic Individuals$85,501--$85,501
Fees for Services Accounting-$45,238-$45,238
Fees for Services Legal$21,697$17,472-$39,169
Office Expenses$18,318$2,638$8,223$29,179
Advertising$18,199-$7,359$25,558
Travel$133$16,824-$16,957
Insurance$6,513$1,190$656$8,359
Total Functional Expenses$1,049,082$102,699$98,156$1,249,937

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,385,931
Expenses per Audited Statements$1,249,937
Total Expenses per Form 990$1,249,937
Expenses Not Reported on Form 990$135,994
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Gaming Direct Expenses$0
Gaming Gross Income$0
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Debt and Bond Financing

Bond Issues

BondIssuerIssuedIssue PricePurpose
ANj Economic Development Authority2018-07-25$13,926,006FUND CAPITAL PROJECT

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A$13,926,006$0$370,000$261,300

Bond Financing Compliance

Rebate not yet due
Yes
Form 8038-T filed
No
Gross proceeds invested
No
Gross proceeds invested in GIC
No
Corrective action procedures
Yes
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
No
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
Filing and Contact Details

Filer

Filer Name
The Friends of Foundation Academy Inc
EIN
27-2091277
In Care Of
% DONALD HOFMANN
Phone
6099209200
Address
363 W State St, Trenton, NJ 08618

Signing Officer

Name
Donald Hofmann
Title
Board Chair
Phone
6099209200
Signed
2024-12-31
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Donald Hofmann
Formed
2010
Legal Domicile
Nj
Voting Board Members
8
Independent Board Members
8
Employees
0
Volunteers
8

Preparer

Firm
WithumSmithBrown PC
Address
ONE TOWER CENTER BLVD 14TH FL, EAST BRUNSWICK, NJ 08816
Preparer
Brad Caruso
Phone
7328281614
Supplemental Narrative

Additional Explanations

Form 990, Schedule O - Supplemental Information

“Pt VI, Line 11b: THE BOARD OF DIRECTORS IS GIVEN A DRAFT COPY OF THE 990 AS PREPARED BY OUR AUDITING AND TAX PREPARATION FIRM PRIOR TO THE BOARD MEETING WHERE IT IS TO BE DISCUSSED. THE DRAFT COPY IS EITHER EMAILED (PASSWORD PROTECTED) OR VIA REGULAR MAIL, DEPENDING ON THE PREFERENCE OF EACH BOARD MEMBER. THE 990 IS PRESENTED AT THE BOARD MEETING, EITHER BY A REPRESENTATIVE OF THE TAX PREPARATION FIRM, OR THE ORGANIZATION'S EXECUTIVE DIRECTOR. BOARD MEMBERS ARE GIVEN THE OPPORTUNITY TO ASK QUESTIONS OR REQUEST MORE DETAIL ON ANY ISSUES THAT THEY ARE UNCLEAR ABOUT, BOTH PRIOR TO THE MEETING AND DURING THE MEETING. IF THE BOARD MEMBERS ARE SATISFIED WITH THE REPORT, THEN THEY VOTE TO APPROVE THE 990 AS IT WAS PRESENTED. Pt VI, Line 12c: EACH BOARD MEMBER IDENTIFIES CONFLICTS OF INTEREST ON AN ANNUAL BASIS IN WRITING. BOARD MEMBERS ARE REMINDED OF ANY CONFLICTS OF INTEREST PRIOR TO VOTING ON ISSUES AND ASKED TO RECUSE THEMSELVES IN THE EVENT THEY ARE NOT INDEPENDENT. Pt VI, Line 18: THE ORGANIZATION MAKES THEIR 990 AND FORM 1023 AVAILABLE TO THE PUBLIC UPON REQUEST. ONCE COMPLETE, THE ORGANIZATION UPLOADS THEIR 990 TO GUIDESTAR. Pt VI, Line 19: In addition to publishing via guidestar, THE ORGANIZATION MAKES THEIR GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.”

Financial Statement Notes

Form 990, Schedule D, Part X, Line 2

“The Organization is exempt from federal income taxes under Section 501(c)(3) of the Internal Revenue Code is exempt from state taxes under state law. There were no uncertain tax positions at June 30, 2024 and 2023. The Organization had no interest or penalties for the years ended June 30, 2024 and 2023.”

Raw XML AppendixShowing 400 of 542 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Form990PartVIISectionAGrp/TitleTxt0Board Chair
IRS990/Form990PartVIISectionAGrp/TitleTxt1Treasurer (Term 6-30-2024)
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IRS990/Form990PartVIISectionAGrp/TitleTxt3BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt4BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt5BOARD MEMBER (Term 6-30-2024)
IRS990/Form990PartVIISectionAGrp/TitleTxt6BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt7BOARD MEMBER
IRS990/Form990ProvidedToGvrnBodyInd0true
IRS990/FormationYr02010
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IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
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IRS990/GainOrLossGrp/SecuritiesAmt058
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IRS990/GamingGrossIncomeAmt00
IRS990/GoverningBodyVotingMembersCnt08
IRS990/GrantsPayableGrp/BOYAmt0181216
IRS990/GrantsPayableGrp/EOYAmt0200826
IRS990/GrantsToDomesticIndividualsGrp/ProgramServicesAmt085501
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IRS990/GrantsToDomesticOrgsGrp/TotalAmt00
IRS990/GrantsToIndividualsInd0true
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt058
IRS990/GrossReceiptsAmt01308775
IRS990/GrossSalesOfInventoryAmt00
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IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXInd0X
IRS990/InformationTechnologyGrp/TotalAmt00
IRS990/InsuranceGrp/FundraisingAmt0656
IRS990/InsuranceGrp/ManagementAndGeneralAmt01190
IRS990/InsuranceGrp/ProgramServicesAmt06513
IRS990/InsuranceGrp/TotalAmt08359
IRS990/IntangibleAssetsGrp/BOYAmt00
IRS990/IntangibleAssetsGrp/EOYAmt00
IRS990/InterestGrp/ProgramServicesAmt0634087
IRS990/InterestGrp/TotalAmt0634087
IRS990/InventoriesForSaleOrUseGrp/BOYAmt00
IRS990/InventoriesForSaleOrUseGrp/EOYAmt00
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IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt00
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IRS990/InvestmentsProgramRelatedGrp/EOYAmt013447264
IRS990/InvestmentsPubTradedSecGrp/BOYAmt00
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IRS990/LocalChaptersInd0false
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IRS990/MembersOrStockholdersInd0false
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IRS990/MinutesOfCommitteesInd0true
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IRS990/MissionDesc0THE FRIENDS OF FOUNDATION ACADEMIES SUPPORTS, ENHANCES, AND PROMOTES THE WORK OF FOUNDATION ACADEMIES BY RAISING FUNDS AND DELIVERING SERVICES, PROGRAMS,AND PARTNERSHIPS THAT EQUITABLY SERVE THE BEST INTERESTS OF OUR SCHOOL COMMUNITY.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt00
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt00
IRS990/NetAssetsOrFundBalancesBOYAmt02806373
IRS990/NetAssetsOrFundBalancesEOYAmt02870023
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt058
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt058
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt04812
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt02526027
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt02633042
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/TotalAmt00
IRS990/OfficeExpensesGrp/FundraisingAmt08223
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt02638
IRS990/OfficeExpensesGrp/ProgramServicesAmt018318
IRS990/OfficeExpensesGrp/TotalAmt029179
IRS990/OfficerMailingAddressInd0false
IRS990/OnBehalfOfIssuerInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt01633066
IRS990/OtherAssetsTotalGrp/EOYAmt01656578
IRS990/OtherEmployeeBenefitsGrp/TotalAmt00
IRS990/OtherExpensesGrp/Desc0STUDENT ENRICHMENT
IRS990/OtherExpensesGrp/Desc1RECRUITMENT
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt019337
IRS990/OtherExpensesGrp/ProgramServicesAmt0135052
IRS990/OtherExpensesGrp/ProgramServicesAmt1116282
IRS990/OtherExpensesGrp/TotalAmt0135052
IRS990/OtherExpensesGrp/TotalAmt1135619
IRS990/OtherInd0X
IRS990/OtherLiabilitiesGrp/BOYAmt00
IRS990/OtherLiabilitiesGrp/EOYAmt00
IRS990/OtherRevenueTotalAmt00
IRS990/OtherSalariesAndWagesGrp/TotalAmt00
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt00
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/TotalAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0213712
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt043693
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt019234
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt015735
IRS990/PrincipalOfficerNm0Donald Hofmann
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0531120
IRS990/ProgramServiceRevenueGrp/Desc0RENTAL INCOME
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0785176
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0785176
IRS990/ProgSrvcAccomActy2Grp/Desc0Throughout college, there are several crucial moments that can put a student at risk of leaving school. The purpose of the Friends of Foundation Academy Knight Fund is to assist FAC alumni, currently enrolled in college or post-secondary institutions, in managing financial hardships that can hinder students from entering or persisting through their post-secondary schooling and careers. Through donations to the Friends of Foundation Academy, Inc, the Knight Fund provides awards, persistence grants and scholarships to deserving alumni.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt085501
IRS990/ProgSrvcAccomActy2Grp/GrantAmt085501
IRS990/ProgSrvcAccomActy3Grp/Desc0Funds raised by the Friends of FA help to fill the stark public funding gap between FA and our district counterparts. Support from donations to the Friends provides high-quality enrichment opportunities for students and drives the training, development, and celebration of our remarkable faculty.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt0135052
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0617692
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt096793
IRS990/PYInvestmentIncomeAmt046515
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0976971
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt0790112
IRS990/PYRevenuesLessExpensesAmt0380555
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt01073764
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01454319
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/BOYAmt00
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/BOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt058838
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RentalIncomeOrLossGrp/PersonalAmt00
IRS990/RentalIncomeOrLossGrp/RealAmt00
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0true
IRS990/RevenueAmt0785176
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0813058
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0130562
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0417270
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0617692
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0433554
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0424101
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0423212
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt02315829
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0106271
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt042024
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0776
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt02229
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt059719
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0211019
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt04409522
IRS990ScheduleA/OtherIncome170Grp/TotalAmt00
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.68346
IRS990ScheduleA/PublicSupportPY170Pct00.67497
IRS990ScheduleA/PublicSupportTotal170Amt01726987
IRS990ScheduleA/SubstantialContributorsTotAmt0588842
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0417270
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0617692
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0433554
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0424101
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0423212
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt02315829
IRS990ScheduleA/TotalSupportAmt02526848
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt00
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/DonatedServicesAndUseFcltsAmt0135994
IRS990ScheduleD/DonatedServicesUseFcltsAmt0135994
IRS990ScheduleD/ExpensesNotReportedAmt0135994
IRS990ScheduleD/ExpensesSubtotalAmt01249937
IRS990ScheduleD/FederalIncomeTaxLiabilityAmt00
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt013291491
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt1155773
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc0LEASE RECEIVABLE
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc1DEFERRED GAIN/LEASE
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd0C
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd1C
IRS990ScheduleD/NetUnrealizedGainsInvstAmt04812
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt01656578
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0RESTRICTED CASH
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt01120224
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt01120224
IRS990ScheduleD/RevenueNotReportedAmt0140806
IRS990ScheduleD/RevenueSubtotalAmt01308775
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0The Organization is exempt from federal income taxes under Section 501(c)(3) of the Internal Revenue Code is exempt from state taxes under state law. There were no uncertain tax positions at June 30, 2024 and 2023. The Organization had no interest or penalties for the years ended June 30, 2024 and 2023.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Schedule D, Part X, Line 2
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01120224
IRS990ScheduleD/TotalBookValueOtherAssetsAmt01656578
IRS990ScheduleD/TotalBookValueProgramRltdAmt013447264
IRS990ScheduleD/TotalExpensesPerForm990Amt01249937
IRS990ScheduleD/TotalLiabilityAmt00
IRS990ScheduleD/TotalRevenuePerForm990Amt01308775
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01449581
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01385931
IRS990ScheduleI/GrantRecordsMaintainedInd0true
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0SCHOLARSHIPS
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/NonCashAssistanceAmt085501
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/NonCashAssistanceDesc0Scholarships
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt012
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/ValuationMethodUsedDesc0Book value

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