Friends Select School
- Assets
- $35.4m
- Revenue
- $21.7m
- Investments
- $0.0
- Employees
- 240
- Location
- Philadelphia, PA
- Founding
- 01/1968
- Data as of
- 08/2018
- EIN
- 23-0604370
Organization Overview
Friends Select School is located in Philadelphia, PA. The organization was established in 1968. 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 08/2018, Friends Select School employed 240 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Friends Select 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 08/2018, Friends Select School generated $21.7m in total revenue. This represents relatively stable growth, over the past 3 years the organization has increased revenue by an average of 6.4% each year. All expenses for the organization totaled $20.2m during the year ending 08/2018. While expenses have increased by 4.3% per year over the past 3 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
2018
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE QUAKER BASED EDUCATION TO GRADES PRE-K TO 12.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PRIVATE SCHOOL (GRADES PRE-K TO 12) WITH AN ENROLLMENT OF APPROXIMATELY 500 STUDENTS.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sandra Williams President | Trustee | 1 | $0 |
Heath Meyers Trustee | Trustee | 1 | $0 |
Robin Bernstein Trustee | Trustee | 1 | $0 |
Cathryn Coate Trustee | Trustee | 1 | $0 |
Oskar Castro Trustee | Trustee | 1 | $0 |
Ingrid Lakey Trustee | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Wolfe Scott Associates Inc Bldg Contractor | 8/30/18 | $2,463,528 |
Metz And Associates Ltd Food Service | 8/30/18 | $634,099 |
Elliott Lewis Corp Mechanical Contractor | 8/30/18 | $168,845 |
Franklin Flooring Inc Flooring Contractor | 8/30/18 | $104,803 |
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 | $1,593,186 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,593,186 |
| Total Program Service Revenue | $19,066,481 |
| Investment income | $396,033 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $251,130 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $21,729,714 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $3,976,432 |
| 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 | $9,135,060 |
| Pension plan accruals and contributions | $504,426 |
| Other employee benefits | $1,249,991 |
| Payroll taxes | $624,998 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $7,371 |
| Fees for services: Accounting | $24,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $58,775 |
| Fees for services: Other | $0 |
| Advertising and promotion | $216,556 |
| Office expenses | $170,047 |
| Information technology | $217,384 |
| Royalties | $0 |
| Occupancy | $942,561 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,542 |
| Interest | $53,129 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $698,114 |
| Insurance | $205,112 |
| All other expenses | $0 |
| Total functional expenses | $20,235,322 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,006 |
| Savings and temporary cash investments | $9,268,333 |
| Pledges and grants receivable | $651,950 |
| Accounts receivable, net | $5,415 |
| 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 | $494,058 |
| Net Land, buildings, and equipment | $12,839,584 |
| Investments—publicly traded securities | $12,129,431 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $12,732 |
| Other assets | $0 |
| Total assets | $35,402,509 |
| Accounts payable and accrued expenses | $128,057 |
| Grants payable | $0 |
| Deferred revenue | $7,451,973 |
| 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 | $2,054,184 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $377,465 |
| Total liabilities | $10,011,679 |
| Unrestricted restricted net Assets | $19,702,536 |
| Temporarily restricted net Assets | $0 |
| Permanently restricted net Assets or current funds | $5,688,294 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total net assets or fund balances | $25,390,830 |