French-American School Of Rhode Island
- Assets
- $7.1m
- Revenue
- $3.8m
- Investments
- $0.0
- Employees
- 43
- Location
- Providence, RI
- Founding
- 06/1997
- Data as of
- 06/2023
- EIN
- 05-0488405
Organization Overview
French-American School Of Rhode Island is located in Providence, RI. The organization was established in 1997. According to its NTEE Classification (B24) the organization is classified as: Primary & Elementary Schools, under the broad grouping of Education and related organizations. As of 06/2023, French-American School Of Rhode Island employed 43 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. French-American School Of Rhode Island is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2023, French-American School Of Rhode Island generated $3.8m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.7% each year. All expenses for the organization totaled $3.3m during the year ending 06/2023. While expenses have increased by 1.0% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE FRENCH-AMERICAN SCHOOL OF OF RHODE ISLAND (FASRI) PROVIDES BILINGUAL AND BICULTURAL EDUCATION TO STUDENTS IN PRESCHOOL THROUGH GRADE 8.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DURING THE YEAR, FASRI'S TEACHING AND LEARNING AND OPERATIONAL ACTIONS CONTINUED TO BE RUN IN LINE WITH THE 5-YEAR STRATEGIC PLAN THAT WAS ELABORATED IN THE PREVIOUS YEAR. IN THE CONTEXT OF THE WORLDWIDE COVID-19 PANDEMIC, THE SCHOOL CONTINUED TO DELIVER ITS MULTILINGUAL PROGRAM IN-PERSON, EMBEDDING A CONTINUOUS EMPHASIS ON STUDENTS' WELLBEING, SOCIAL EMOTIONAL AND CHARACTER DEVELOPMENT IN THE ACADEMIC PROGRAM, FOSTERING INTERDISCIPLINARY PROJECT BASED LEARNING, ESPECIALLY STEAM PRODUCTS. THE SCHOOL COLLABORATED WITH LOCAL ORGANIZATIONS TO DEVELOP OUTREACH PROGRAMS AND EXPAND CONNECTIONS WITHIN THE COMMUNITY, FASRI CONTINUED TO CULTIVATE PARTNERSHIPS WITH SISTER SCHOOLS IN THE FRENCH NETWORK TO PROVIDE FOR THE STUDENT AGENCY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Benedicte Brouder Head Of School | Officer | 40 | $167,748 |
Gail Campbell Dir. Of Finance Start July 2021 | Officer | 40 | $116,950 |
Gray Douglas Trustee | Trustee | 0.5 | $0 |
Mccain Valerie Trustee | Trustee | 0.5 | $0 |
Mclaughlin Mark Trustee | Trustee | 0.5 | $0 |
Ben-Arzi Ruth Trustee | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $12,802 |
| Related organizations | $0 |
| Government grants | $243,289 |
| All other contributions, gifts, grants, and similar amounts not included above | $24,553 |
| Noncash contributions included in lines 1a–1f | $16,542 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $280,644 |
| Total Program Service Revenue | $3,544,253 |
| Investment income | $4,930 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$1,168 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,834,150 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $318,004 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $324,941 |
| Compensation of current officers, directors, key employees. | $99,915 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,685,831 |
| Pension plan accruals and contributions | $79,015 |
| Other employee benefits | $144,785 |
| Payroll taxes | $119,903 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $93,091 |
| Advertising and promotion | $29,854 |
| Office expenses | $59,368 |
| Information technology | $18,743 |
| Royalties | $0 |
| Occupancy | $132,439 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,039 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $79,054 |
| Insurance | $37,741 |
| All other expenses | $5,033 |
| Total functional expenses | $3,345,513 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,470,017 |
| Savings and temporary cash investments | $1,708,348 |
| Pledges and grants receivable | $186,469 |
| Accounts receivable, net | $2,221,349 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $18,742 |
| Net Land, buildings, and equipment | $1,381,851 |
| Investments—publicly traded securities | $34,870 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $67,370 |
| Total assets | $7,089,016 |
| Accounts payable and accrued expenses | $316,861 |
| Grants payable | $0 |
| Deferred revenue | $3,148,777 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $222,026 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $24,645 |
| Total liabilities | $3,712,309 |
| Net assets without donor restrictions | $3,302,481 |
| Net assets with donor restrictions | $74,226 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $7,089,016 |