The Watson Institute Friendship Academy
- Assets
- $13.9m
- Revenue
- $9.3m
- Investments
- $0.0
- Employees
- 122
- Location
- Sewickley, PA
- Founding
- 09/1966
- Data as of
- 06/2021
- EIN
- 25-6012886
Organization Overview
The Watson Institute Friendship Academy is located in Sewickley, PA. The organization was established in 1966. According to its NTEE Classification (B28) the organization is classified as: Special Education, under the broad grouping of Education and related organizations. As of 06/2021, Watson Institute Friendship Academy employed 122 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Watson Institute Friendship Academy 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 06/2021, Watson Institute Friendship Academy generated $9.3m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 5.8% each year. All expenses for the organization totaled $8.7m during the year ending 06/2021. While expenses have increased by 4.1% per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
AN APPROVED PRIVATE SCHOOL AND PARTIAL HOSPITAL PROGRAM FOR STUDENTS IN K-12 WITH SERIOUS EMOTIONAL CHALLENGES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PARTIAL PSYCHIATRIC HOSPITAL PROGRAM: PROVIDES SIX HOURS OF TREATMENT PER SCHOOL DAY. SERVICES INCLUDE - PSYCHIATRIC INTERVENTION, MEDICAL SERVICES, PSYCHOLOGICAL SERVICES, SOCIAL WORK SERVICES AND EMERGENCY CRISIS INTERVENTIONS.
EDUCATION PROGRAM IS AN APPROVED PRIVATE SCHOOL WHICH SERVES AS AN EDUCATIONAL PLACEMENT OPTION FOR STUDENTS AGES 5 TO 21 WITH SERIOUS EMOTIONAL DISTURBANCES. THE EDUCATIONAL PROGRAM SERVED 114 STUDENTS FOR FISCAL YEAR 2021.
IDEA-B - ALL PENNSYLVANIA DEPARTMENT OF EDUCATION ENROLLED STUDENTS ARE INVOLVED IN CAREER EDUCATION CLASSES AND TRANSITION PLANNING BEGINS AT AGE 14. THE PROGRAM INCLUDES MATERIALS, CAREER EXPLORATION, COLLEGE/JOB FAIRS, TRANSPORTATION, EVALUATIONS AND JOB COACHING AND WAGES FOR COORDINATION OF IN-HOUSE STUDENT WORKERS.
ESY- EXTENDED SCHOOL YEAR: SPECIAL EDUCATION AND PARTIAL PSYCHIATRIC SERVICES PROVIDED TO 73 STUDENTS OUTSIDE OF A STANDARD SCHEDULE OF SCHOOL DAYS WITHIN A SCHOOL TERM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alexandra Wilkes Program Director | 27 | $134,870 | |
Jeffrey S Flick Chairperson | OfficerTrustee | 1 | $0 |
Mark Hale Vice Chairperson | OfficerTrustee | 1 | $0 |
John Schmitt Treasurer | OfficerTrustee | 1 | $0 |
Barry Bohn Ceo/asst Secretary | OfficerTrustee | 8 | $0 |
Michael A Angerman Secretary | 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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $8,141,279 |
| Investment income | $0 |
| 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 | $9,266,356 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $134,726 |
| Compensation of current officers, directors, key employees. | $134,726 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,628,335 |
| Pension plan accruals and contributions | $208,082 |
| Other employee benefits | $846,114 |
| Payroll taxes | $336,520 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $5,123 |
| Fees for services: Accounting | $22,250 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $610,286 |
| Advertising and promotion | $0 |
| Office expenses | $150,640 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $153,953 |
| Travel | $1,735 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $9 |
| Interest | $249,335 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $559,279 |
| Insurance | $0 |
| All other expenses | $78,630 |
| Total functional expenses | $8,655,499 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $338,986 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $431,344 |
| 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 | $45,154 |
| Net Land, buildings, and equipment | $9,812,947 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,309,380 |
| Total assets | $13,937,811 |
| Accounts payable and accrued expenses | $1,040,895 |
| Grants payable | $0 |
| Deferred revenue | $128,106 |
| Tax-exempt bond liabilities | $14,136,552 |
| 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 | $0 |
| Total liabilities | $15,305,553 |
| Net assets without donor restrictions | -$2,104,763 |
| Net assets with donor restrictions | $737,021 |
| 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 | $13,937,811 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that The Watson Institute Friendship Academy has recieved totaling $11,731.
| Awarding Organization | Amount |
|---|---|
Pittsburgh Foundation Pittsburgh, PA PURPOSE: EDUCATION | $6,731 |
The Cestone Family Foundation Inc Pittsburgh, PA PURPOSE: THE WATSON INSTITUTE'S FRIENDSHIP ACADEMY ("FRIENDSHIP ACADEMY") IS SEEKING FUNDING TO PURCHASE IPADS AND LAPTOPS FOR STUDENTS TO USE FOR CAREER EXPLORATION AND VOCATIONAL PLANNING ACTIVITIES DESIGNED TO CHOOSE A CAREER PATHWAY. | $5,000 |
Endowment Analysis
| Beg. Balance | $596,988 |
| Earnings | $165,652 |
| Other Expense | $25,619 |
| Ending Balance | $737,021 |
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