Friends Select School
- Assets
- $35.4m
- Revenue
- $21.7m
- Investments
- $0.0
- Employees
- 240
- Location
- Philadelphia, PA
- Founding
- 01/1968
- Data as of
- 08/2018
- EIN
- 23-0604370
Organization Overview
Friends Select School is located in Philadelphia, PA. The organization was established in 1968. 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 08/2018, Friends Select School employed 240 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Friends Select School 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 08/2018, Friends Select School generated $21.7m in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 4.7% each year. All expenses for the organization totaled $20.2m during the year ending 08/2018. While expenses have increased by 3.2% per year over the past 4 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
2018
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE QUAKER BASED EDUCATION TO GRADES PRE-K TO 12.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PRIVATE SCHOOL (GRADES PRE-K TO 12) WITH AN ENROLLMENT OF APPROXIMATELY 500 STUDENTS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Gary Head Of School | 40 | $286,258 | |
Michael Noonan Bus. Manager | 40 | $161,385 | |
Christopher Singler Upper School Dir | 40 | $134,140 | |
David Younkin Lower School Dir | 40 | $125,261 | |
Peter Cline Middle School Director | 40 | $124,086 | |
Ingrid Lakey Trustee | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Metz And Associates Ltd Food Service | 8/30/18 | $634,099 |
Elliott Lewis Corp Mechanical Contractor | 8/30/18 | $168,845 |
Franklin Flooring Inc Flooring Contractor | 8/30/18 | $104,803 |
Wolfe Scott Associates Inc Bldg Contractor | 8/30/18 | $2,463,528 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,593,186 |
| Investment income | $396,033 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $251,130 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $21,729,714 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $3,976,432 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $9,135,060 |
| Pension plan accruals and contributions | $504,426 |
| Other employee benefits | $1,249,991 |
| Payroll taxes | $624,998 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $7,371 |
| Fees for services: Accounting | $24,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $58,775 |
| Fees for services: Other | $0 |
| Advertising and promotion | $216,556 |
| Office expenses | $170,047 |
| Information technology | $217,384 |
| Royalties | $0 |
| Occupancy | $942,561 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,542 |
| Interest | $53,129 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $698,114 |
| Insurance | $205,112 |
| All other expenses | $0 |
| Total functional expenses | $20,235,322 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,006 |
| Savings and temporary cash investments | $9,268,333 |
| Pledges and grants receivable | $651,950 |
| Accounts receivable, net | $5,415 |
| 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 | $494,058 |
| Investments—publicly traded securities | $12,129,431 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $12,732 |
| Other assets | $0 |
| Total assets | $35,402,509 |
| Accounts payable and accrued expenses | $128,057 |
| Grants payable | $0 |
| Deferred revenue | $7,451,973 |
| 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 | $2,054,184 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $377,465 |
| Total liabilities | $10,011,679 |
| Net assets without donor restrictions | $19,702,536 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $5,688,294 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $25,390,830 |
Grants Recieved
Over the last fiscal year, we have identified 23 grants that Friends Select School has recieved totaling $247,552.
| Awarding Organization | Amount |
|---|---|
Goldman Sachs Philanthropy Fund New York, NY PURPOSE: EDUCATION | $30,000 |
Gilroy And Lillian P Roberts Charitable Foundation Philadelphia, PA PURPOSE: UNRESTRICTED | $30,000 |
Friends Council On Education Philadelphia, PA PURPOSE: FINANCIAL AID | $26,300 |
Meade Foundation Pottstown, PA PURPOSE: GENERAL | $25,000 |
Bruce E Toll Foundation Palm Beach, FL PURPOSE: GENERAL SUPPORT GRANT | $25,000 |
Norman And Marian Wolgin Fam Charitable Foundation 05112010 Philadelphia, PA PURPOSE: GENERAL FUND CONTRIBUTION FOR ENTITY'S CHARITABLE PURPOSE | $25,000 |
Endowment Analysis
| Beg. Balance | $11,370,719 |
| Earnings | $1,401,514 |
| Admin Expense | $24,713 |
| Net Contributions | $62,630 |
| Other Expense | $350,507 |
| Grants | $107,051 |
| Ending Balance | $12,352,592 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Haverford School Haverford, PA | $200,207,536 | $63,658,264 |
Calhoun School Inc New York, NY | $66,556,667 | $39,561,327 |
Marion P Thomas Charter School Inc Newark, NJ | $17,560,259 | $37,041,604 |
Saint Davids School New York, NY | $170,289,488 | $33,366,978 |
Trustees Of Newark Academy Livingston, NJ | $113,328,907 | $35,913,632 |
Philadelphia Independent Mission Schools Philadelphia, PA | $39,191,945 | $38,175,969 |
Hewitt School New York, NY | $78,957,035 | $33,976,072 |
Lakewood Chedar School Lakewood, NJ | $43,735,740 | $33,402,068 |
Buckley School In The City Of New York New York, NY | $138,732,019 | $33,895,115 |
Bnos Bais Yaakov Of Far Rockaway Far Rockaway, NY | $26,507,044 | $28,668,399 |
City And Country School Inc New York, NY | $49,971,219 | $22,042,063 |
Golda Och Academy Inc West Orange, NJ | $16,688,223 | $21,390,950 |