New Garden Friends School Inc
- Assets
- $7.1m
- Revenue
- $4.9m
- Investments
- $421.0k
- Employees
- 116
- Location
- Greensboro, NC
- Founding
- 10/1972
- Data as of
- 06/2022
- EIN
- 56-1002236
Organization Overview
New Garden Friends School Inc is located in Greensboro, NC. The organization was established in 1972. 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 06/2022, New Garden Friends School Inc employed 116 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. New Garden Friends School 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, New Garden Friends School Inc generated $4.9m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.5%) each year. All expenses for the organization totaled $4.8m during the year ending 06/2022. 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
PRIVATE SCHOOL EDUCATING STUDENTS PRE-SCHOOL THROUGH GRADE TWELVE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PRIVATE EDUCATION OF STUDENTS IN PRE-SCHOOL THROUGH GRADE TWELVE. NEW GARDEN FRIENDS SCHOOL SERVES APPROXIMATELY 259 STUDENTS ACROSS ITS THREE DIVISIONS AND CURRENTLY HAS A GRADUATING CLASS OF 12 STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alfred N Purrington Clerk | OfficerTrustee | 4 | $0 |
Cary Bassett Assistant Clerk | OfficerTrustee | 1 | $0 |
Linda Isley Treasurer | OfficerTrustee | 1 | $0 |
Susan Wooster Secretary | OfficerTrustee | 0.25 | $0 |
Neil Belenky Trustee | Trustee | 0.25 | $0 |
Kim Costello Trustee | Trustee | 0.25 | $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 | $514,950 |
| Noncash contributions included in lines 1a–1f | $10,274 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $514,950 |
| Total Program Service Revenue | $4,247,621 |
| Investment income | $17,435 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $2,875 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $136,667 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,919,548 |
| 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. | $249,174 |
| Compensation of current officers, directors, key employees. | $48,858 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,679,164 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $314,154 |
| Payroll taxes | $207,051 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $11,029 |
| Fees for services: Accounting | $26,638 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $186,021 |
| Advertising and promotion | $61,068 |
| Office expenses | $17,098 |
| Information technology | $83,607 |
| Royalties | $0 |
| Occupancy | $378,843 |
| Travel | $8,517 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $11,564 |
| Interest | $17,615 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $279,221 |
| Insurance | $64,822 |
| All other expenses | $12,793 |
| Total functional expenses | $4,827,956 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $323,429 |
| Savings and temporary cash investments | $989,882 |
| Pledges and grants receivable | $110,700 |
| Accounts receivable, net | $83,544 |
| 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 | $11,155 |
| Net Land, buildings, and equipment | $5,122,978 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $421,032 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $7,062,720 |
| Accounts payable and accrued expenses | $132,323 |
| Grants payable | $0 |
| Deferred revenue | $308,184 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $2,262,487 |
| Secured mortgages and notes payable | $15,801 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $2,718,795 |
| Net assets without donor restrictions | $3,899,056 |
| Net assets with donor restrictions | $444,869 |
| 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 | $7,062,720 |