Friendship Public Charter School
- Assets
- $241.4m
- Revenue
- $146.9m
- Investments
- $3.0m
- Employees
- 1,300
- Location
- Washington, DC
- Founding
- 01/1999
- Data as of
- 06/2023
- EIN
- 58-2398964
Organization Overview
Friendship Public Charter School is located in Washington, DC. The organization was established in 1999. 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 06/2023, Friendship Public Charter School employed 1,300 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Friendship Public Charter 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 06/2023, Friendship Public Charter School generated $146.9m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 7.0% each year. All expenses for the organization totaled $140.2m during the year ending 06/2023. While expenses have increased by 6.5% per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE A WORLD-CLASS EDUCATION FOR STUDENTS IN GRADES PRE-K TO 12.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE QUALITY INSTRUCTION FOR CHILDREN FROM PRE-KINDERGARTEN TO 12TH GRADE FOR APPROXIMATELY 4,609 STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Patricia A Brantley CEO | OfficerTrustee | 40 | $340,146 |
Catherine Somefun CFO | Officer | 40 | $174,743 |
Vielka Scott-Marcus Cao | Officer | 40 | $193,658 |
James Waller Chief Of School Operations | Officer | 40 | $195,909 |
Kenneth Cherry Chief Of Staff | Officer | 40 | $221,007 |
Joseph Speight Jr Principal | 40 | $178,991 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Busy Bee Environmental Services Hvac Maintenance, Housekeeping Services | 6/29/23 | $7,066,595 |
K12 Management Inc Educational Management Service | 6/29/23 | $5,599,011 |
Mcn Build Inc Construction Service | 6/29/23 | $4,949,787 |
Cdwg Information Technology Products | 6/29/23 | $1,727,421 |
Consigli Construction Co Inc Construction Service | 6/29/23 | $1,670,530 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $22,291,536 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,738,117 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $24,029,653 |
| Total Program Service Revenue | $117,619,625 |
| Investment income | $2,228,555 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $54,210 |
| 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 | $146,850,982 |
| 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. | $1,333,903 |
| Compensation of current officers, directors, key employees. | $1,333,903 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $70,460,437 |
| Pension plan accruals and contributions | $565,782 |
| Other employee benefits | $7,032,317 |
| Payroll taxes | $5,402,155 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $33,891 |
| Fees for services: Accounting | $107,722 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $49,763 |
| Fees for services: Other | $6,859,462 |
| Advertising and promotion | $0 |
| Office expenses | $5,327,975 |
| Information technology | $347,488 |
| Royalties | $0 |
| Occupancy | $14,488,579 |
| Travel | $453,930 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $6,689,567 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $7,012,210 |
| Insurance | $805,179 |
| All other expenses | $0 |
| Total functional expenses | $140,245,255 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $48,742,833 |
| Pledges and grants receivable | $3,305,179 |
| Accounts receivable, net | $1,846,131 |
| 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 | $0 |
| Net Land, buildings, and equipment | $150,257,266 |
| Investments—publicly traded securities | $29,883,647 |
| Investments—other securities | $3,000,000 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,399,305 |
| Total assets | $241,434,361 |
| Accounts payable and accrued expenses | $22,022,174 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $138,047,000 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $22,178,060 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,735,683 |
| Total liabilities | $183,982,917 |
| Net assets without donor restrictions | $56,970,530 |
| Net assets with donor restrictions | $480,914 |
| 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 | $241,434,361 |