Friends School Corporation
- Assets
- $5.8m
- Revenue
- $4.7m
- Investments
- $391.3k
- Employees
- 67
- Location
- Mullica Hill, NJ
- Founding
- 06/1970
- Data as of
- 07/2022
- EIN
- 22-1903166
Organization Overview
Friends School Corporation is located in Mullica Hill, NJ. The organization was established in 1970. According to its NTEE Classification (B20) the organization is classified as: Elementary & Secondary Schools, under the broad grouping of Education and related organizations. As of 07/2022, Friends School Corporation employed 67 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Friends School Corporation 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 07/2022, Friends School Corporation generated $4.7m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.1% each year . All expenses for the organization totaled $3.9m during the year ending 07/2022. While expenses have increased by 8.6% per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
FRIENDS SCHOOL IS AN INDEPENDENT, COEDUCATIONAL, QUAKER DAY SCHOOL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO EDUCATE STUDENTS FROM PRE-KINDERGARTEN THROUGH EIGHTH GRADE. WE HAVE A STRONG ACADEMIC PROGRAM, A COMMITMENT TO THE ARTS, AND A SCHOOL COMMUNITY THAT STRESSES MUTUAL RESPECT AMONG ALL ITS MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Matthew Bradley Head Of School | OfficerTrustee | 40 | $153,237 |
Mike Ayars Teasurer And Assets Commitee Clerk | OfficerTrustee | 2 | $0 |
Nancy Beauchemin Recording Clerk & Secretar | OfficerTrustee | 2 | $0 |
Brian W Jones Trustee | Trustee | 2 | $0 |
Victoria Kuhn Trustee | Trustee | 2 | $0 |
Hanshi Deshbandhu Trustee | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $320,387 |
| All other contributions, gifts, grants, and similar amounts not included above | $102,295 |
| Noncash contributions included in lines 1a–1f | $12,356 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $422,682 |
| Total Program Service Revenue | $3,540,029 |
| Investment income | $17,641 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $32,138 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,696,625 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $799,658 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $153,237 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,406,977 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $188,842 |
| Payroll taxes | $114,301 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $35,700 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $96 |
| Advertising and promotion | $11,330 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $138,122 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $177,957 |
| Insurance | $29,598 |
| All other expenses | $176,983 |
| Total functional expenses | $3,902,534 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $692,904 |
| Savings and temporary cash investments | $456,624 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $21,871 |
| 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 | $40,682 |
| Net Land, buildings, and equipment | $4,162,296 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $391,271 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $5,765,648 |
| Accounts payable and accrued expenses | $267,337 |
| Grants payable | $0 |
| Deferred revenue | $1,129,664 |
| 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 | $2,173,391 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $3,570,392 |
| Net assets without donor restrictions | $1,626,677 |
| Net assets with donor restrictions | $568,579 |
| 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 | $5,765,648 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Friends School Corporation has recieved totaling $10,103.
| Awarding Organization | Amount |
|---|---|
Frontstream Global Fund Alexandria, VA PURPOSE: Use by the organization's general fund | $9,798 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $305 |
Endowment Analysis
| Beg. Balance | $170,743 |
| Ending Balance | $170,743 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Executive Education Academy Charter School Allentown, PA | $63,584,076 | $23,169,797 |
Foundation Academy Charter School Trenton, NJ | $16,120,573 | $21,345,321 |
Albany Academy Albany, NY | $58,726,077 | $27,181,105 |
Tatnall School Inc Wilmington, DE | $48,687,568 | $19,526,911 |
Elisabeth Morrow School Englewood, NJ | $43,835,854 | $20,290,882 |
Yeshiva Ktana Of Passaic Passaic, NJ | $33,764,196 | $20,538,079 |
Franklintown Charter High School Philadelphia, PA | $47,616,708 | $24,090,071 |
Nichols School Of Buffalo Buffalo, NY | $102,003,479 | $42,213,694 |
Yeshiva Shaare Torah Inc Brooklyn, NY | $32,363,623 | $20,724,747 |
Yeshivat Heatid Inc Teaneck, NJ | $17,160,980 | $19,921,065 |
Ideal School Of Manhattan New York, NY | $22,538,816 | $19,239,739 |
Peck School Morristown, NJ | $71,516,691 | $18,101,005 |