Friends Council On Education
- Assets
- $13.4m
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 6
- Location
- Philadelphia, PA
- Founding
- 02/1951
- Data as of
- 06/2023
- EIN
- 23-1352147
Organization Overview
Friends Council On Education is located in Philadelphia, PA. The organization was established in 1951. 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, Friends Council On Education employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Friends Council On Education 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, Friends Council On Education generated $1.2m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (0.2%) each year. All expenses for the organization totaled $1.0m during the year ending 06/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Friends Council On Education has awarded 111 individual grants totaling $1,442,208. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF THE FRIENDS COUNCIL ON EDUCATION IS TO PROVIDE LEADERSHIP IN DRAWING FRIENDS SCHOOLS TOGETHER IN UNITY OF SPIRIT AND COOPERATIVE ENDEAVORS. THE COUNCIL'S WORK NURTURES THE QUAKER LIFE OF SCHOOLS, STRENGTHENS THE NETWORK OF SUPPORT ACROSS SCHOOLS, PROMOTES FRIENDS EDUCATION THROUGH CONSULTATIONS, PROGRAMS AND PUBLICATIONS AND ASSISTS IN THE ESTABLISHMENT OF NEW FRIENDS SCHOOLS. THE COUNCIL HELPS FRIENDS SCHOOLS MAINTAIN THEIR QUAKER IDENTITY AND ETHOS, AND THEIR RELATIONSHIP WITH THE RELIGIOUS SOCIETY OF FRIENDS. THE COUNCIL PROMOTES PROFESSIONAL GROWTH FOR TRUSTEES, HEADS, ADMINSTRATORS AND FACULTY TO FURTHER THE GOALS OF QUAKER EDUCATION AND SERVES AS A VOICE FOR FRIENDS SCHOOLS IN THE NATIONAL DIALOGUE ON EDUCATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROFESSIONAL DEVELOPMENT FOR FACULTY, ADMINISTRATORS, TRUSTEES AND STAFF OF FRIENDS SCHOOLS IN AREAS OF SCHOOL GOVERNANCE, PEACE EDUCATION, SERVICE LEARNING, COMMUNITY BUILDING, PROMOTING QUAKER VALUES AND TESTIMONIES IN SCHOOL LIFE AND DEVELOPING FUTURE LEADERS FOR FRIENDS SCHOOL.
OTHER PROGRAM SERVICES.
GRANTS TO SCHOOLS FOR FINANCIAL AID AND FOR CREATIVE STUDENT-CENTERED, VALUES-BASED PROJECTS.
PUBLICATION OF PAMPHLETS, BOOKS AND CURRICULA ON SCHOOL GOVERNANCE, PEACE EDUCATION, SERVICE LEARNING, COMMUNITY BUILDING AND PROMOTING QUAKER VALUES AND TESTIMONIES IN SCHOOL LIFE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Drew Smith Executive Di | Officer | 40 | $158,966 |
Yvette Bonaparte Director | Trustee | 1 | $0 |
Matthew H Bradley Director | Trustee | 1 | $0 |
James W Clay Director | Trustee | 1 | $0 |
Kathyn Park Cook Director | Trustee | 1 | $0 |
Shu Shu Costa Treasurer | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $274,368 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $274,368 |
| Total Program Service Revenue | $505,886 |
| Investment income | $387,368 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,167,622 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $262,331 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $187,239 |
| Compensation of current officers, directors, key employees. | $9,362 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $206,952 |
| Pension plan accruals and contributions | $20,539 |
| Other employee benefits | $32,817 |
| Payroll taxes | $27,496 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $15,600 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $18,211 |
| Advertising and promotion | $0 |
| Office expenses | $14,747 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $14,594 |
| Travel | $28,241 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,918 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $549 |
| Insurance | $0 |
| All other expenses | $26,869 |
| Total functional expenses | $1,033,519 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $301,342 |
| Savings and temporary cash investments | $2,073,280 |
| Pledges and grants receivable | $4,770 |
| Accounts receivable, net | $8,639 |
| 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 | $10,260 |
| Net Land, buildings, and equipment | $2,199 |
| Investments—publicly traded securities | $11,002,913 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $13,403,403 |
| Accounts payable and accrued expenses | $13,167 |
| Grants payable | $0 |
| Deferred revenue | $26,200 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $3,441,883 |
| Total liabilities | $3,481,250 |
| Net assets without donor restrictions | $3,417,215 |
| Net assets with donor restrictions | $6,504,938 |
| 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 | $13,403,403 |
Grants Awarded
Over the last fiscal year, Friends Council On Education has awarded $190,800 in support to 13 organizations.
| Grant Recipient | Amount |
|---|---|
ABINGTON FRIENDS SCHOOL PURPOSE: FINANCIAL AID | $14,300 |
BUCKINGHAM FRIENDS SCHOOL PURPOSE: FINANCIAL AID | $6,500 |
FRIENDS SELECT SCHOOL PURPOSE: FINANCIAL AID | $20,800 |
FRIENDS' CENTRAL SCHOOL PURPOSE: FINANCIAL AID | $11,700 |
GERMANTOWN FRIENDS SCHOOL PURPOSE: FINANCIAL AID | $13,000 |
MOORESTOWN FRIENDS SCHOOL PURPOSE: FINANCIAL AID | $6,500 |