Friends School Inc
- Assets
- $1.3m
- Revenue
- $2.4m
- Investments
- $0.0
- Employees
- 65
- Location
- Louisville, KY
- Founding
- 09/1992
- Data as of
- 06/2023
- EIN
- 61-1213141
Organization Overview
Friends School Inc is located in Louisville, KY. The organization was established in 1992. According to its NTEE Classification (B21) the organization is classified as: Preschools, under the broad grouping of Education and related organizations. As of 06/2023, Friends School Inc employed 65 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. 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 06/2023, Friends School Inc generated $2.4m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 9.0% each year. All expenses for the organization totaled $2.2m during the year ending 06/2023. While expenses have increased by 6.1% 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
THE ORGNAIZATION IS A COOPERATIVE PRESCHOOL AND ELEMENTARY SCHOOL. THE PROGRAM EMPHASIZES AN INCLUSIVE POPULATION, WHICH INCLUDES CHILDREN WITH SPECIAL NEEDS. THE PROGRAM PROVIDES EXPERIENTIAL CHILD-CENTERED EDUCATIONAL OPPORTUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FAMILY COOPERATIVE CHILDHOOD EDUCATION PROGRAM, PROVIDES A NURTURING, CARING AND LOVING LEARNING ENVIRONMENT. THE UNIQUENESS OF EACH CHILD IS VALUED. TOLERANCE, KINDNESS AND GOOD CITIZENSHIP ARE TAUGHT. FAMILY INVOLVEMENT IS REQUIRED. CLASSES PROVIDE A LOW STUDENT-TEACHER RATIO TO MEET INDIVIDUAL NEEDS. A HIGHLY INDIVIDUALIZED, DEVELOPMENTALLY APPROPRIATE PROGRAM IS PROVIDED TO TEACH THE WHOLE CHILD.
FAMILY COOPERATIVE CHILDHOOD EDUCATION PROGRAM, PROVIDES A NURTURING, CARING AND LOVING LEARNING ENVIRONMENT. THE UNIQUENESS OF EACH CHILD IS VALUED. TOLERANCE, KINDNESS AND GOOD CITIZENSHIP ARE TAUGHT. FAMILY INVOLVEMENT IS REQUIRED. CLASSES PROVIDE A LOW STUDENT-TEACHER RATIO TO MEET INDIVIDUAL NEEDS. A HIGHLY INDIVIDUALIZED, DEVELOPMENTALLY APPROPRIATE PROGRAM IS PROVIDED TO TEACH THE WHOLE CHILD.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Angie Bartley Treasurer | Trustee | $0 | |
Derek Cockerham Board Member | Trustee | $0 | |
John Dwyer President | OfficerTrustee | $0 | |
Kim Hartz Secretary | Trustee | $0 | |
Justin Jokovich Board Member | Trustee | $0 | |
Heidi Pena Vice Preside | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $60,910 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $25,805 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $86,715 |
| Total Program Service Revenue | $1,911,514 |
| Investment income | $3,093 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $23,381 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,370,363 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,704,270 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $167,973 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $472 |
| Office expenses | $59,099 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $67,481 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $6,943 |
| Insurance | $37,959 |
| All other expenses | $19,977 |
| Total functional expenses | $2,225,981 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,131,741 |
| Savings and temporary cash investments | $4,415 |
| Pledges and grants receivable | $2,015 |
| Accounts receivable, net | $111,272 |
| 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 | $16,405 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,265,848 |
| Accounts payable and accrued expenses | $868 |
| Grants payable | $0 |
| Deferred revenue | $294,328 |
| 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 | $0 |
| Total liabilities | $295,196 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| 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 | $970,652 |
| Total liabilities and net assets/fund balances | $1,265,848 |