Friends School Of Baltimore Inc
- Assets
- $92.7m
- Revenue
- $38.1m
- Investments
- $0.0
- Employees
- 442
- Location
- Baltimore, MD
- Founding
- 01/1974
- Data as of
- 06/2021
- EIN
- 52-0591602
Organization Overview
Friends School Of Baltimore Inc is located in Baltimore, MD. The organization was established in 1974. 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 06/2021, Friends School Of Baltimore Inc employed 442 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Friends School Of Baltimore 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 06/2021, Friends School Of Baltimore Inc generated $38.1m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 5.0% each year. All expenses for the organization totaled $34.1m during the year ending 06/2021. While expenses have increased by 3.4% per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
FOUNDED IN 1784, FRIENDS SCHOOL OF BALTIMORE PROVIDES A COEDUCATIONAL, COLLEGE PREPARATORY PROGRAM GUIDED BY THE QUAKER VALUES OF TRUTH, EQUALITY, SIMPLICITY, COMMUNITY, AND PEACEFUL RESOLUTION OF CONFLICT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
INSTRUCTION AND EDUCATION - FOR STUDENTS IN GRADES PRIMARY TO 12TH.
AUXILIARY ENTERPRISES - AFTER SCHOOL PROGRAMS, MUSIC LESSONS, PRESCHOOL & CHILD CARE AND SUMMER CAMP SERVING OVER 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 |
|---|---|---|---|
Matthew Micciche Head Of School | Officer | 40 | $315,170 |
Bonita B Hearn Assistant Head Of School | Officer | 40 | $166,367 |
Ashley Principe Director Of Development | 40 | $164,973 | |
Jeanne Phizacklea Assistant Head Of School | 40 | $140,669 | |
Michelle Holland Principal - Lower School | 40 | $131,047 | |
Stephen Mcmanus Principal - Upper School | 40 | $128,439 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Comprehensive Building Services Inc Janitorial Services | 6/29/21 | $355,758 |
Chesapeake Plant Services Inc Landscaping | 6/29/21 | $286,263 |
James A Quick Inc Construction Services | 6/29/21 | $107,109 |
Miles & Stockbridge Legal | 6/29/21 | $188,893 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $21,374 |
| Related organizations | $57,915 |
| Government grants | $3,119,800 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,664,665 |
| Noncash contributions included in lines 1a–1f | $835,954 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,863,754 |
| Total Program Service Revenue | $27,352,656 |
| Investment income | $672,332 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $91,155 |
| Net Gain/Loss on Asset Sales | $2,112,308 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $21,084 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $38,147,236 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,500 |
| Grants and other assistance to domestic individuals. | $8,865,719 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $563,550 |
| Compensation of current officers, directors, key employees. | $473,017 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $12,805,925 |
| Pension plan accruals and contributions | $785,119 |
| Other employee benefits | $1,693,190 |
| Payroll taxes | $931,014 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $276,123 |
| Fees for services: Accounting | $32,379 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $23,500 |
| Fees for services: Investment Management | $206,256 |
| Fees for services: Other | $1,003,797 |
| Advertising and promotion | $177,315 |
| Office expenses | $177,316 |
| Information technology | $431,893 |
| Royalties | $0 |
| Occupancy | $511,927 |
| Travel | $7,800 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $154,333 |
| Interest | $218,150 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,209,488 |
| Insurance | $212,721 |
| All other expenses | $408,609 |
| Total functional expenses | $34,126,360 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,501 |
| Savings and temporary cash investments | $4,470,338 |
| Pledges and grants receivable | $195,764 |
| Accounts receivable, net | $185,777 |
| Loans from Officers, Directors, or Controlling Persons | $1,154 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $54,267 |
| Inventories for sale or use | $97,161 |
| Prepaid expenses and deferred charges | $705,817 |
| Net Land, buildings, and equipment | $38,282,792 |
| Investments—publicly traded securities | $48,133,370 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $619,556 |
| Total assets | $92,747,497 |
| Accounts payable and accrued expenses | $1,574,886 |
| Grants payable | $0 |
| Deferred revenue | $2,082,960 |
| Tax-exempt bond liabilities | $3,623,666 |
| 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 | $7,281,512 |
| Net assets without donor restrictions | $40,412,540 |
| Net assets with donor restrictions | $45,053,445 |
| 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 | $92,747,497 |
Grants Recieved
Over the last fiscal year, we have identified 29 grants that Friends School Of Baltimore Inc has recieved totaling $274,500.
| Awarding Organization | Amount |
|---|---|
Baltimore Community Foundation Inc Baltimore, MD PURPOSE: GENERAL SUPPORT AND VARIOUS PROJECTS | $72,596 |
T Rowe Price Program For Charitable Giving Inc Baltimore, MD PURPOSE: MULTIPLE | $53,750 |
Thomas B & Elizabeth M Sheridan Foundation Inc Hunt Valley, MD PURPOSE: FINANCIAL AID FOR STUDENTS | $30,000 |
Thomas B & Elizabeth M Sheridan Foundation Inc Hunt Valley, MD PURPOSE: FINANCIAL AID FOR STUDENTS | $30,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $20,450 |
Fh Charitable Foundation Inc Branford, CT PURPOSE: UNRESTRICTED | $15,000 |
Endowment Analysis
| Beg. Balance | $30,884,071 |
| Earnings | $9,841,154 |
| Net Contributions | $2,676,614 |
| Grants | $1,509,734 |
| Ending Balance | $41,892,105 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Imagine Schools Non-Profit Inc Vienna, VA | $161,309,849 | $62,482,447 |
Mcdonogh School Incorporated Owings Mills, MD | $267,537,945 | $83,365,139 |
Collegium Charter School Exton, PA | $94,797,177 | $61,790,179 |
Georgetown Day School Inc Washington, DC | $314,406,579 | $96,635,135 |
Episcopal Academy Newtown Square, PA | $290,673,894 | $56,548,486 |
Collegiate School Richmond, VA | $158,195,585 | $59,848,503 |
Springside Chestnut Hill Academy Philadelphia, PA | $140,509,475 | $49,945,250 |
Pennsylvania Leadership Charter Schools West Chester, PA | $90,879,263 | $65,797,836 |
Potomac School Mclean, VA | $225,192,195 | $49,665,882 |
The Public School Of Germantown Fort Washington, PA | $151,608,543 | $52,601,237 |
Flint Hill School Oakton, VA | $94,406,099 | $45,449,765 |
William Penn Charter School Inc Philadelphia, PA | $232,730,859 | $59,443,641 |