Friends Meeting School Inc
- Assets
- $4.6m
- Revenue
- $1.9m
- Investments
- $0.0
- Employees
- 28
- Location
- Ijamsville, MD
- Founding
- 09/1996
- Data as of
- 06/2021
- EIN
- 52-1933575
Organization Overview
Friends Meeting School Inc is located in Ijamsville, MD. The organization was established in 1996. 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 Meeting School Inc employed 28 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Friends Meeting 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 06/2021, Friends Meeting School Inc generated $1.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.8% each year. All expenses for the organization totaled $2.0m during the year ending 06/2021. While expenses have increased by 2.5% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE A DYNAMIC EDUCATIONAL EXPERIENCE THAT EMPHASIZES EXCELLENCE OF MIND, BODY, AND SPIRIT, WITHIN A DIVERSE, CARING COMMUNITY AND IN THE CONTEXT OF QUAKER VALUES, SO STUDENTS MAY REALIZE THEIR FULL TALENT AND POTENTIAL AND "LET THEIR LIVES SPEAK" AT SCHOOL, AT HOME, IN THEIR COMMUNITY, AND IN THE WORLD.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHOOL EDUCATION PROGRAM FOR KINDERGARTEN THROUGH GRADE 12
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Chris Kimberley Head Of School | Officer | 40 | $71,114 |
James P Farber Business Manager | Officer | 40 | $70,050 |
Steven Pippin President | OfficerTrustee | 1 | $0 |
Dennis Hoffman Treasurer | OfficerTrustee | 1 | $0 |
Jon Pointer Secretary | OfficerTrustee | 1 | $0 |
Lowell Christy Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $174,173 |
| Investment income | $358 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $98,798 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$6,089 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,911,539 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $276,800 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $208,837 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $902,658 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $22,617 |
| Advertising and promotion | $15,362 |
| Office expenses | $36,729 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $124,459 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $174,722 |
| Insurance | $14,638 |
| All other expenses | $0 |
| Total functional expenses | $1,950,598 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $337,870 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $20,160 |
| Accounts receivable, net | $3,190 |
| 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 | $7,110 |
| Investments—publicly traded securities | $45,703 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $24,208 |
| Total assets | $4,614,832 |
| Accounts payable and accrued expenses | $115,084 |
| Grants payable | $0 |
| Deferred revenue | $223,341 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $231,637 |
| Secured mortgages and notes payable | $2,324,313 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,000 |
| Total liabilities | $2,896,375 |
| 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 |
| Total liabilities and net assets/fund balances | $1,718,457 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Friends Meeting School Inc has recieved totaling $41,465.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $39,079 |
Delaplaine Foundation Inc Frederick, MD PURPOSE: UNRESTRICED GRANT | $2,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $386 |
Endowment Analysis
| Beg. Balance | $42,683 |
| Earnings | $417 |
| Net Contributions | $40,770 |
| Other Expense | $38,167 |
| Ending Balance | $45,703 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Executive Education Academy Charter School Allentown, PA | $63,584,076 | $23,169,797 |
Tatnall School Inc Wilmington, DE | $48,687,568 | $19,526,911 |
Franklintown Charter High School Philadelphia, PA | $47,616,708 | $24,090,071 |
Milton Gottesman Jewish Day School Of The Nations Capital Washington, DC | $47,850,998 | $22,230,618 |
Mastery Charter School-Pickett Campus Philadelphia, PA | $12,425,498 | $19,474,866 |
Philadelphia Academy Charter School Philadelphia, PA | $22,346,982 | $21,291,315 |
Imagine Schools Inc Vienna, VA | $112,554,052 | $31,881,932 |
Meridian Public Charter School Washington, DC | $25,835,715 | $17,496,957 |
St Paul's School For Girls Inc Brooklandville, MD | $0 | $15,914,099 |
Propel Charter School - Montour Pittsburgh, PA | $8,477,857 | $16,070,119 |
St Johns Community Services - District Of Columbia Washington, DC | $113,804 | $20,352,755 |
Philadelphia Charter School For Arts And Sciences At Hr Edmunds Philadelphia, PA | $13,352,194 | $18,760,552 |