Tandem Friends School
- Assets
- $10.9m
- Revenue
- $8.5m
- Investments
- $2.7m
- Employees
- 80
- Location
- Charlottesville, VA
- Founding
- 08/1970
- Data as of
- 06/2022
- EIN
- 23-7063914
Organization Overview
Tandem Friends School is located in Charlottesville, VA. The organization was established in 1970. According to its NTEE Classification (B25) the organization is classified as: Secondary & High Schools, under the broad grouping of Education and related organizations. As of 06/2022, Tandem Friends School employed 80 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Tandem 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 06/2022, Tandem Friends School generated $8.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.4% each year. All expenses for the organization totaled $7.2m during the year ending 06/2022. While expenses have increased by 3.2% per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O
Describe the Organization's Program Activity:
Part 3 - Line 4a
INSTRUCTIONAL SERVICES - IN SUPPORT OF ITS MISSION, THE SCHOOL DELIVERED A 9-MONTH, TWO-SEMESTER COMPREHENSIVE COLLEGE-PREPARATORY EDUCATION DURING THE AUGUST - JUNE SCHOOL YEAR, FOR 232 STUDENTS IN GRADES 5-12, AS WELL AS A CO-CURRICULAR PROGRAM OF COMMUNITY ACTIVITIES, AND A DEDICATED COLLEGE COUNSELING SERVICE. WE GRADUATED 33 STUDENTS, ALL OF WHOM WERE ADMITTED TO FOUR-YEAR COLLEGES. EXPENSES FOR THESE SERVICES INCLUDED SALARIES OF TEACHERS, ADMINISTRATION, AND STAFF, AS WELL AS OPERATING EXPENSES SPECIFICALLY NEEDED TO DELIVER AND IMPROVE THESE SERVICES BOTH ON OUR CAMPUS AND IN THE BROADER COMMUNITY.
AUXILIARY SERVICES - TO SUPPLEMENT THE ACADEMIC PROGRAM, THE SCHOOL PROVIDED A RANGE OF OTHER EDUCATIONAL SERVICES AND EXTRACURRICULAR ACTIVITIES, WHICH INCLUDED A LEARNING RESOURCES CENTER STAFFED BY TANDEM FRIENDS TUTORS TO PROVIDE ON-CAMPUS ACADEMIC SUPPORT FOR OUR STUDENTS. APPROXIMATELY, ONE-THIRD OF ENROLLED STUDENTS AVAILED THEMSELVES TO SOME DEGREE IN THIS PROGRAM. TANDEM ALSO OFFERS VARSITY, JUNIOR VARSITY, AND MIDDLE SCHOOL SPORTS FOR STUDENTS IN THREE SEASONS, AND A DRAMA PROGRAM THAT PRODUCED SHORT AND FULL-LENGTH PLAYS AND MUSICALS DURING THE SCHOOL YEAR. EXPENSES FOR THESE PROGRAMS INCLUDED SALARIES OF ADMINISTRATORS, COACHES, AND ANCILLARY SUPPORT PERSONNEL, AS WELL AS MATERIAL OPERATING EXPENSES REQUIRED TO FIELD TEAMS, TUTOR STUDENTS, AND TO PRODUCE THEATRICAL PERFORMANCES.
SUMMER PROGRAM - IN THE SUMMER OF 2022, THE SCHOOL HOSTED A SUMMER CAMP PROGRAM FOR APPROXIMATELY 130 STUDENTS, AGES 6-13, BOTH FROM TANDEM FRIENDS SCHOOL OF CHARLOTTESVILLE AND FROM OUTSIDE THE TANDEM FRIENDS COMMUNITY. THE PROGRAM OFFERED CLASSES IN ARTS, CRAFTS, MUSIC, ATHLETICS, AND OUTDOOR ACTIVITIES. A VARIETY OF FULL-DAY HANDS-ON COURSES WERE DELIVERED IN THREE TWO-WEEK SESSIONS. THE CAMP IS ENTIRELY ADMINISTERED BY TANDEM, WHICH EMPLOYS THE CAMP DIRECTOR AND CAMP COUNSELORS. IN ADDITION TO PUTTING THE BEAUTIFUL TANDEM FRIENDS CAMPUS TO USE DURING THE SUMMER MONTHS, THE CAMP ALSO SERVES AS A VALUABLE MARKETING TOOL TO ATTRACT POTENTIAL NEW ADMISSIONS AND REINFORCES TANDEM FRIENDS' IMAGE AS SCHOOL THAT WELCOMES AND NURTURES CREATIVITY AND FREEDOM OF EXPRESSION. THE SCHOOL DID NOT HOST SUMMER CAMP DURING THE SUMMER OF 2021.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Whitney Thompson Head Of School | Officer | 40 | $216,004 |
Peter Gaines Upper School Director | 40 | $122,045 | |
Michelle Schlesinger Director Of Finance And Op | Officer | 40 | $108,090 |
Laurel Henneman Co-Chair | OfficerTrustee | 5 | $0 |
Geoffrey Carter Secretary | OfficerTrustee | 5 | $0 |
James H Scott III Treasurer | OfficerTrustee | 5 | $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 | $1,892,056 |
| Noncash contributions included in lines 1a–1f | $191,489 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,892,056 |
| Total Program Service Revenue | $6,371,751 |
| Investment income | $78,260 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $12,440 |
| Net Gain/Loss on Asset Sales | $133,544 |
| Net Income from Fundraising Events | $764 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $8,488,815 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $2,115,709 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $323,824 |
| Compensation of current officers, directors, key employees. | $59,690 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,768,306 |
| Pension plan accruals and contributions | $128,156 |
| Other employee benefits | $266,308 |
| Payroll taxes | $227,768 |
| Fees for services: Management | $24,708 |
| Fees for services: Legal | $5,393 |
| Fees for services: Accounting | $19,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $18,944 |
| Fees for services: Other | $1,282 |
| Advertising and promotion | $73,019 |
| Office expenses | $79,373 |
| Information technology | $135,760 |
| Royalties | $0 |
| Occupancy | $467,215 |
| Travel | $43,451 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $18,327 |
| Interest | $127 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $192,393 |
| Insurance | $51,350 |
| All other expenses | $4,210 |
| Total functional expenses | $7,196,262 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,523,771 |
| Pledges and grants receivable | $370,479 |
| Accounts receivable, net | $1,738 |
| 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 | $104,746 |
| Net Land, buildings, and equipment | $1,704,501 |
| Investments—publicly traded securities | $3,242,383 |
| Investments—other securities | $2,684,489 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,249,928 |
| Total assets | $10,882,035 |
| Accounts payable and accrued expenses | $519,785 |
| Grants payable | $0 |
| Deferred revenue | $1,301,848 |
| 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 | $1,821,633 |
| Net assets without donor restrictions | $3,105,562 |
| Net assets with donor restrictions | $5,954,840 |
| 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 | $10,882,035 |
Grants Recieved
Over the last fiscal year, we have identified 7 grants that Tandem Friends School has recieved totaling $684,371.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $534,650 |
Perry Foundation Incorporated Charlottesville, VA PURPOSE: PURPOSE OF DONEE | $100,000 |
Charlottesville Area Community Foundation Charlottesville, VA PURPOSE: GENERAL PURPOSES | $24,260 |
Charlottesville Area Community Foundation Charlottesville, VA PURPOSE: BAMAWORKS 2021 GRANT | $10,000 |
Charlottesville Area Community Foundation Charlottesville, VA PURPOSE: THE SCHOLARSHIP FUND | $10,000 |
Humann Family Foundation Englewood, FL PURPOSE: 2021 GRANT | $5,000 |
Endowment Analysis
| Beg. Balance | $6,431,123 |
| Earnings | -$942,944 |
| Net Contributions | $672,033 |
| Other Expense | $233,341 |
| Ending Balance | $5,926,871 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Christ School Inc Arden, NC | $45,623,697 | $22,399,762 |
Field School Inc Washington, DC | $76,281,193 | $21,035,391 |
Lexington School Inc Lexington, KY | $82,981,335 | $20,273,926 |
The Seed School Of Maryland Inc Baltimore, MD | $46,101,801 | $18,646,195 |
Foxcroft School Middleburg, VA | $142,226,453 | $10,560,576 |
St Davids School Raleigh, NC | $32,628,531 | $17,520,873 |
Linsly School Incorporated Wheeling, WV | $48,098,120 | $15,151,725 |
Randolph Macon Academy Front Royal, VA | $36,335,018 | $14,186,434 |
Webb School Bell Buckle, TN | $70,401,090 | $18,551,010 |
Chatham Hall Chatham, VA | $93,224,098 | $20,472,226 |
American Hebrew Academy Inc Greensboro, NC | $66,328,577 | $16,098,225 |
Edmund Burke School Washington, DC | $35,809,066 | $16,691,149 |