Friends School Of Baltimore Inc
- Assets
- $85.8m
- Revenue
- $34.8m
- Investments
- $0.0
- Employees
- 474
- Location
- Baltimore, MD
- Founding
- 01/1974
- Data as of
- 06/2022
- EIN
- 52-0591602
Organization Overview
Friends School Of Baltimore Inc is located in Baltimore, MD. The organization was established in 1974. 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 06/2022, Friends School Of Baltimore Inc employed 474 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Friends School Of Baltimore Inc 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 06/2022, Friends School Of Baltimore Inc generated $34.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.9% each year. All expenses for the organization totaled $33.5m during the year ending 06/2022. While expenses have increased by 2.6% 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
FOUNDED IN 1784, FRIENDS SCHOOL OF BALTIMORE PROVIDES A COEDUCATIONAL, COLLEGE PREPARATORY PROGRAM GUIDED BY THE QUAKER VALUES OF TRUTH, EQUALITY, SIMPLICITY, COMMUNITY, AND PEACEFUL RESOLUTION OF CONFLICT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
INSTRUCTION AND EDUCATION - FOR STUDENTS IN GRADES PRIMARY TO 12TH.
AUXILIARY ENTERPRISES - AFTER SCHOOL PROGRAMS, MUSIC LESSONS, PRESCHOOL & CHILD CARE AND SUMMER CAMP SERVING OVER 500 STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Norman Forbush Chair | OfficerTrustee | 1 | $0 |
Lester Davis Assistant Chair | OfficerTrustee | 1 | $0 |
Burck Smith Treasurer | OfficerTrustee | 1 | $0 |
Christopher Feiss Secretary | OfficerTrustee | 1 | $0 |
John Baer Trustee | Trustee | 1 | $0 |
Barbara Brocato Trustee | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Nelis Painting & Restoration Llc Painting | 6/29/22 | $224,375 |
Brock & Company Inc Cafeteria Services | 6/29/22 | $171,810 |
Comprehensive Building Services Inc Janitorial Services | 6/29/22 | $576,595 |
Miles & Stockbridge Legal | 6/29/22 | $167,315 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $27,871 |
| Related organizations | $63,158 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,091,401 |
| Noncash contributions included in lines 1a–1f | $287,055 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,182,430 |
| Total Program Service Revenue | $28,673,004 |
| Investment income | $1,188,894 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $50,384 |
| Net Gain/Loss on Asset Sales | $1,692,558 |
| Net Income from Fundraising Events | -$11,740 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $52,586 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $34,845,625 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,500 |
| Grants and other assistance to domestic individuals. | $8,294,382 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $190,559 |
| Compensation of current officers, directors, key employees. | $190,559 |
| Compensation to disqualified persons | $349,972 |
| Other salaries and wages | $13,207,549 |
| Pension plan accruals and contributions | $353,785 |
| Other employee benefits | $1,725,103 |
| Payroll taxes | $981,375 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $77,712 |
| Fees for services: Accounting | $31,916 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $10,103 |
| Fees for services: Investment Management | $227,466 |
| Fees for services: Other | $956,297 |
| Advertising and promotion | $132,013 |
| Office expenses | $253,138 |
| Information technology | $409,188 |
| Royalties | $0 |
| Occupancy | $660,404 |
| Travel | $9,433 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $202,839 |
| Interest | $102,227 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,254,051 |
| Insurance | $264,149 |
| All other expenses | $522,190 |
| Total functional expenses | $33,485,588 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,501 |
| Savings and temporary cash investments | $5,893,677 |
| Pledges and grants receivable | $235,339 |
| Accounts receivable, net | $250,330 |
| Loans from Officers, Directors, or Controlling Persons | $153 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $88,901 |
| Inventories for sale or use | $87,270 |
| Prepaid expenses and deferred charges | $677,307 |
| Net Land, buildings, and equipment | $36,689,505 |
| Investments—publicly traded securities | $41,280,648 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $569,204 |
| Total assets | $85,773,835 |
| Accounts payable and accrued expenses | $1,570,735 |
| Grants payable | $0 |
| Deferred revenue | $2,066,089 |
| Tax-exempt bond liabilities | $3,435,999 |
| 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 | $7,072,823 |
| Net assets without donor restrictions | $39,262,704 |
| Net assets with donor restrictions | $39,438,308 |
| 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 | $85,773,835 |