Abington Friends School
- Assets
- $30.1m
- Revenue
- $24.7m
- Investments
- $0.0
- Employees
- 286
- Location
- Jenkintown, PA
- Founding
- 07/2014
- Data as of
- 06/2023
- EIN
- 23-1390625
Organization Overview
Abington Friends School is located in Jenkintown, PA. The organization was established in 2014. 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, Abington Friends School employed 286 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Abington Friends 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, Abington Friends School generated $24.7m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.4% each year. All expenses for the organization totaled $24.9m during the year ending 06/2023. While expenses have increased by 4.2% 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 QUAKER BASED EDUCATION TO STUDENTS FROM AGE 3 THROUGH 12TH GRADE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
INDEPENDENT QUAKER SCHOOL EDUCATING APPROXIMATELY 600 STUDENTS FROM AGE 3 THROUGH 12TH GRADE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Margaret Sayers Trustee | Trustee | 1 | $0 |
Diane Vernon Trustee | Trustee | 1 | $0 |
Ross Shanken Trustee | Trustee | 1 | $0 |
Robb Bettiker Trustee | Trustee | 1 | $0 |
Regis Carvahlo Trustee | Trustee | 1 | $0 |
Kenniah Canady Chestnut Trustee | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Regions Bank Credit Services | 6/29/23 | $901,062 |
David Thomas Transportation Transportation | 6/29/23 | $198,070 |
Culinart Group Inc Food Service | 6/29/23 | $159,033 |
Ar Building Services Inc Housekeeping | 6/29/23 | $231,817 |
Leapfroggroup Marketing | 6/29/23 | $108,041 |
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 | $2,254,151 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,254,151 |
| Total Program Service Revenue | $21,934,751 |
| Investment income | $272,434 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $140,815 |
| Net Gain/Loss on Asset Sales | -$35,135 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $24,747,837 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $8,245,378 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $399,195 |
| Compensation of current officers, directors, key employees. | $48,227 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $9,287,452 |
| Pension plan accruals and contributions | $447,660 |
| Other employee benefits | $775,036 |
| Payroll taxes | $696,015 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $12,423 |
| Fees for services: Accounting | $24,750 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $48,722 |
| Fees for services: Other | $3,856 |
| Advertising and promotion | $163,825 |
| Office expenses | $338,442 |
| Information technology | $245,737 |
| Royalties | $0 |
| Occupancy | $686,923 |
| Travel | $152,036 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $241,997 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,022,842 |
| Insurance | $243,523 |
| All other expenses | $706,587 |
| Total functional expenses | $24,880,996 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,000 |
| Savings and temporary cash investments | $4,319,636 |
| Pledges and grants receivable | $703,251 |
| Accounts receivable, net | $604,762 |
| 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 | $451,909 |
| Net Land, buildings, and equipment | $14,103,759 |
| Investments—publicly traded securities | $9,931,689 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $30,118,006 |
| Accounts payable and accrued expenses | $1,131,418 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $5,859,649 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $3,495,312 |
| Total liabilities | $10,486,379 |
| Net assets without donor restrictions | $13,310,261 |
| Net assets with donor restrictions | $6,321,366 |
| 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 | $30,118,006 |