Civic Intelligence

Friends School Inc.

990 • Fiscal year 2020 • EIN 61-1213141

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

Organization ProfileWWW.FRIENDS-SCHOOL.INFO
901 Breckenridge LnLouisville, KY 40207

(502) 899-1822

Siviq Scores

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

Liabilities / Assets

88th percentile

0.73x

Higher debt load relative to assets than 88% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Liabilities / Revenue

64th percentile

0.24x

Higher debt load relative to revenue than 64% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Net Margin

53rd percentile

6.6%

Higher net margin than 53% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Top Officer Pay

37th percentile

$0

Higher top officer pay than 37% of similar nonprofits.

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

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Asset Growth

90th percentile

70%

Faster asset growth than 90% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Revenue Growth

61st percentile

7.0%

Faster revenue growth than 61% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets88th percentile

Assets

Up

$601,062

Up $247,423 (+70%) from 2019

Net Assets

Up

$160,087

Up $119,455 (+294%) from 2019

Liabilities

Up

$440,975

Up $127,968 (+41%) from 2019

Revenue And Expenses
Liabilities / Revenue64th percentileNet Margin53rd percentile

Revenue

Up

$1,804,607

Up $118,149 (+7.0%) from 2019

Expenses

Down

$1,685,845

Down $113,979 (-6.3%) from 2019

Net Income

Up

$118,762

Up $232,128 (+205%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth90th percentile

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

$1.5M$1.0M$500K$0-$500KAssets 2011: $217,610Liabilities 2011: $159,668Net Assets 2011: $57,9422011Assets 2012: $232,752Liabilities 2012: $190,000Net Assets 2012: $42,7522012Assets 2013: $202,902Liabilities 2013: $170,003Net Assets 2013: $32,8992013Assets 2014: $200,857Liabilities 2014: $157,129Net Assets 2014: $43,7282014Assets 2015: $290,750Liabilities 2015: $186,720Net Assets 2015: $104,0302015Assets 2016: $149,813Liabilities 2016: $236,940Net Assets 2016: -$87,1272016Assets 2017: $326,068Liabilities 2017: $226,637Net Assets 2017: $99,4312017Assets 2018: $429,158Liabilities 2018: $280,222Net Assets 2018: $148,9362018Assets 2019: $353,639Liabilities 2019: $313,007Net Assets 2019: $40,6322019Assets 2020: $601,062Liabilities 2020: $440,975Net Assets 2020: $160,0872020Assets 2021: $1,023,949Liabilities 2021: $623,916Net Assets 2021: $400,0332021Assets 2022: $1,183,837Liabilities 2022: $357,567Net Assets 2022: $826,2702022Assets 2023: $1,265,848Liabilities 2023: $295,196Net Assets 2023: $970,6522023Assets 2024: $1,325,701Liabilities 2024: $323,992Net Assets 2024: $1,001,7092024

Highlighted filing

2020

Assets$601,062
Liabilities$440,975
Net Assets$160,087
Open 2020 Filing

Operations Trend

Revenue Growth61st percentile

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

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2011: $1,022,030Expenses 2011: $990,623Net Income 2011: $31,4072011Revenue 2012: $1,087,890Expenses 2012: $1,103,080Net Income 2012: -$15,1902012Expenses 2013: $1,158,2792013Revenue 2014: $1,098,420Expenses 2014: $1,068,953Net Income 2014: $29,4672014Revenue 2015: $1,248,672Expenses 2015: $1,207,628Net Income 2015: $41,0442015Revenue 2016: $1,190,026Expenses 2016: $1,381,183Net Income 2016: -$191,1572016Revenue 2017: $1,667,253Expenses 2017: $1,482,999Net Income 2017: $184,2542017Revenue 2018: $1,832,821Expenses 2018: $1,785,512Net Income 2018: $47,3092018Revenue 2019: $1,686,458Expenses 2019: $1,799,824Net Income 2019: -$113,3662019Revenue 2020: $1,804,607Expenses 2020: $1,685,845Net Income 2020: $118,7622020Revenue 2021: $1,916,042Expenses 2021: $1,676,096Net Income 2021: $239,9462021Revenue 2022: $2,307,715Expenses 2022: $1,881,478Net Income 2022: $426,2372022Revenue 2023: $2,370,363Expenses 2023: $2,225,981Net Income 2023: $144,3822023Revenue 2024: $2,544,901Expenses 2024: $2,547,776Net Income 2024: -$2,8752024

Highlighted filing

2020

Revenue$1,804,607
Expenses$1,685,845
Net Income$118,762
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
Nov 16, 2020
Return Version
2019v5.0
Gross Receipts
$1,816,883
Mission and Program Overview

Mission

The orgnaization is a cooperative preschool and elementary school. The program emphasizes an inclusive population, which includes children with special needs. The program provides experiential child-centered educational opportunities.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$248,339$504,677▲ $256,338
Rtn Earn Endowment Incm Other Fnds$40,632$160,087▲ $119,455
Accounts Receivable$55,182$55,119▼ $63
Land, Buildings, and Equipment, Net$46,439$36,888▼ $9,551
Savings and Temporary Cash Investments$3,679$3,679→ $0
Pledges and Grants Receivable-$699-
Total Assets$353,639$601,062▲ $247,423
Liabilities
Unsecured Notes Loans Payable$89,098$273,002▲ $183,904
Deferred Revenue$223,909$167,973▼ $55,936
Total Liabilities$313,007$440,975▲ $127,968
Net Assets / Fund Balance
Total Net Assets Fund Balance$40,632$160,087▲ $119,455
Total Liabilities and Net Assets / Fund Balance$353,639$601,062▲ $247,423
Compensation and Service Providers
Top Officer Pay37th percentile

Board Members and Trustees

NameTitle
John DwyerPresident
Derek CockerhamBoard Member
Melanie WillisBusiness Man
Kristina ChristensenExecutive Di
Kim HartzSecretary
Angie BartleyTreasurer
Heidi PenaVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$382,011
Program Service Revenue
$1,357,829
Investment Income
$0
Other Revenue
$64,767
All Other Contributions
$25,000
Change in Net Assets
$118,762

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,804,607
Total Revenue per Audited Statements
$1,804,607
Total Revenue per Form 990
$1,804,607
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,463,673
Other Expenses$222,172
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,049,698$303,703-$1,353,401
Other Employee Benefits$85,527$24,745-$110,272
Occupancy$48,327$13,982-$62,309
Office Expenses$41,964--$41,964
All Other Expenses$16,612--$16,612
Other Expenses$13,775--$13,775
Insurance-$13,264-$13,264
Depreciation Depletion$9,421$129-$9,550
Fees for Services Accounting-$3,950-$3,950
Advertising$575--$575
Total Functional Expenses$1,326,072$359,773$0$1,685,845

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,685,845
Total Expenses per Audited Statements$1,685,845
Total Expenses per Form 990$1,685,845
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$36,278
Fundraising Direct Expenses$12,276
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Fundraising$393,289$36,278$12,276$24,002
Total Events$393,289$36,278$12,276$24,002
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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, Page 6, Part VI, Line 11B

“The finance committee reviews all forms and schedules to be sure all information is complete and accurate in comparison to the independently audited financial statements. The board of directors then reviews the main form as recommended by the finance committee.”

Form 990, Page 6, Part VI, Line 15A

“The executive committee of the board of directors reviews the director's performance and approves any increase in compensation. All compensation of staff is compared to regional compensation packages for teachers.”

Form 990, Page 6, Part VI, Line 19

“All policies and procedures including conflict of interest policies are given to every prospective family. In addition, they are available on our web site. Financial statments are given to families at the annual meeting, as well as available on request. The form 990 is a public document and available for view at any time.”

Filing and Contact Details

Filer

Filer Name
Friends School Inc
EIN
61-1213141
Phone
5028991822
Address
901 BRECKENRIDGE LN, LOUISVILLE, KY 40207

Signing Officer

Name
Kristina Christensen
Title
Executive Director
Phone
5028991822
Signed
2020-11-16

Organization Details

Principal Officer
Kristina Christensen
Formed
1992
Legal Domicile
Ky
Voting Board Members
6
Independent Board Members
5
Employees
55

Preparer

Firm
Goodman & Weber Psc
Address
2304 HURSTBOURNE VILLAGE DR 1100, LOUISVILLE, KY 40299
Preparer
Daniel a Weber CPA
Phone
5023390342
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

“The orgnaization is a cooperative preschool and elementary school. The program emphasizes an inclusive population, which includes children with special needs. The program provides experiential child-centered educational opportunities.”

Form 990, Page 2, Part III, Line 4D

“Family cooperative childhood education program, provides a nurturing, caring and loving learning environment. The uniqueness of each child is valued. Tolerance, kindness and good citizenship are taught. Family involvement is required. Classes provide a low student-teacher ratio to meet individual needs. A highly individualized, developmentally appropriate program is provided to teach the whole child.”

Raw XML Appendix368 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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IRS990ScheduleE/DiscriminateRaceAthltProgInd0false
IRS990ScheduleE/DiscriminateRaceEducPlcyInd0false
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IRS990ScheduleE/DiscriminateRaceOtherActyInd0false
IRS990ScheduleE/DiscriminateRaceSchsInd0false
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IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd0true
IRS990ScheduleE/MaintainRacialCompRecsInd0true
IRS990ScheduleE/MaintainScholarshipsRecsInd0true
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd0true
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IRS990ScheduleE/PolicyStmtInBrochuresEtcInd0true
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGNAIZATION IS A COOPERATIVE PRESCHOOL AND ELEMENTARY SCHOOL. THE PROGRAM EMPHASIZES AN INCLUSIVE POPULATION, WHICH INCLUDES CHILDREN WITH SPECIAL NEEDS. THE PROGRAM PROVIDES EXPERIENTIAL CHILD-CENTERED EDUCATIONAL OPPORTUNITIES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1FAMILY COOPERATIVE CHILDHOOD EDUCATION PROGRAM, PROVIDES A NURTURING, CARING AND LOVING LEARNING ENVIRONMENT. THE UNIQUENESS OF EACH CHILD IS VALUED. TOLERANCE, KINDNESS AND GOOD CITIZENSHIP ARE TAUGHT. FAMILY INVOLVEMENT IS REQUIRED. CLASSES PROVIDE A LOW STUDENT-TEACHER RATIO TO MEET INDIVIDUAL NEEDS. A HIGHLY INDIVIDUALIZED, DEVELOPMENTALLY APPROPRIATE PROGRAM IS PROVIDED TO TEACH THE WHOLE CHILD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE FINANCE COMMITTEE REVIEWS ALL FORMS AND SCHEDULES TO BE SURE ALL INFORMATION IS COMPLETE AND ACCURATE IN COMPARISON TO THE INDEPENDENTLY AUDITED FINANCIAL STATEMENTS. THE BOARD OF DIRECTORS THEN REVIEWS THE MAIN FORM AS RECOMMENDED BY THE FINANCE COMMITTEE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS REVIEWS THE DIRECTOR'S PERFORMANCE AND APPROVES ANY INCREASE IN COMPENSATION. ALL COMPENSATION OF STAFF IS COMPARED TO REGIONAL COMPENSATION PACKAGES FOR TEACHERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4ALL POLICIES AND PROCEDURES INCLUDING CONFLICT OF INTEREST POLICIES ARE GIVEN TO EVERY PROSPECTIVE FAMILY. IN ADDITION, THEY ARE AVAILABLE ON OUR WEB SITE. FINANCIAL STATMENTS ARE GIVEN TO FAMILIES AT THE ANNUAL MEETING, AS WELL AS AVAILABLE ON REQUEST. THE FORM 990 IS A PUBLIC DOCUMENT AND AVAILABLE FOR VIEW AT ANY TIME.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 2, PART III, LINE 4D
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 19
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IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
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IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0382011
IRS990/TotalEmployeeCnt055
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IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01326072
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IRS990/TotalOtherProgSrvcExpenseAmt029787
IRS990/TotalProgramServiceExpensesAmt01326072
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IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt01398594
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01804607
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IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnsecuredNotesLoansPayableGrp/BOYAmt089098
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IRS990/USAddress/AddressLine1Txt0901 BRECKENRIDGE LANE
IRS990/USAddress/CityNm0LOUISVILLE
IRS990/USAddress/StateAbbreviationCd0KY
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IRS990/VotingMembersGoverningBodyCnt06
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0WWW.FRIENDS-SCHOOL.INFO
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02021-01-29 14:40:06Z
ReturnHeader/BusinessOfficerGrp/PersonNm0KRISTINA CHRISTENSEN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum05028991822
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-11-16
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0FRIENDS SCHOOL INC
ReturnHeader/Filer/BusinessNameControlTxt0FRIE
ReturnHeader/Filer/EIN0611213141
ReturnHeader/Filer/PhoneNum05028991822
ReturnHeader/Filer/USAddress/AddressLine1Txt0901 BRECKENRIDGE LN
ReturnHeader/Filer/USAddress/CityNm0LOUISVILLE
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ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0A281A765880BA1283D409FC5B7D9D8D1B5E5DA2A
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt052.37.240.203
ReturnHeader/FilingSecurityInformation/IPDt02020-11-23
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CS
ReturnHeader/FilingSecurityInformation/IPTm012:07:16
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0611031610
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0GOODMAN & WEBER PSC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt02304 HURSTBOURNE VILLAGE DR 1100
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0LOUISVILLE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0KY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd040299
ReturnHeader/PreparerPersonGrp/PhoneNum05023390342
ReturnHeader/PreparerPersonGrp/PreparationDt02020-11-16
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0DANIEL A WEBER CPA
ReturnHeader/ReturnTs02020-11-23T12:07:16-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02019-07-01
ReturnHeader/TaxPeriodEndDt02020-06-30
ReturnHeader/TaxYr02019

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

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

Open filing
Assets
$601,062
Liabilities
$440,975
Net assets
$160,087
Revenue
$1,804,607
Expenses
$1,685,845
Net income
$118,762
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.33$0.32$1.00$2.54$2.55$0.00
2023Detailed filing. Detailed filing data is available for this year.$1.27$0.30$0.97$2.37$2.23$0.14
2022Detailed filing. Detailed filing data is available for this year.$1.18$0.36$0.83$2.31$1.88$0.43
2021Detailed filing. Detailed filing data is available for this year.$1.02$0.62$0.40$1.92$1.68$0.24
2020Detailed filing. Detailed filing data is available for this year.$0.60$0.44$0.16$1.80$1.69$0.12
2019Detailed filing. Detailed filing data is available for this year.$0.35$0.31$0.04$1.69$1.80$0.11
2018Detailed filing. Detailed filing data is available for this year.$0.43$0.28$0.15$1.83$1.79$0.05
2017Detailed filing. Detailed filing data is available for this year.$0.33$0.23$0.10$1.67$1.48$0.18
2016Detailed filing. Detailed filing data is available for this year.$0.15$0.24$0.09$1.19$1.38$0.19
2015Detailed filing. Detailed filing data is available for this year.$0.29$0.19$0.10$1.25$1.21$0.04
2014Detailed filing. Detailed filing data is available for this year.$0.20$0.16$0.04$1.10$1.07$0.03
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.20$0.17$0.03$1.16
2012Summary only. Only limited summary data is available for this year.$0.23$0.19$0.04$1.09$1.10$0.02
2011Summary only. Only limited summary data is available for this year.$0.22$0.16$0.06$1.02$0.99$0.03