Friends Meeting School Inc
- Assets
- $4.5m
- Revenue
- $2.5m
- Investments
- $0.0
- Employees
- 33
- Location
- Ijamsville, MD
- Founding
- 09/1996
- Data as of
- 06/2024
- 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 06/2024, Friends Meeting School Inc employed 33 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 06/2024, Friends Meeting School Inc generated $2.5m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 4.3% each year. All expenses for the organization totaled $2.6m during the year ending 06/2024. While expenses have increased by 5.2% per year over the past 9 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE A DYNAMIC EDUCATIONAL EXPERIENCE THAT EMPHASIZES EXCELLENCE OF MIND, BODY, SPIRIT, WITHIN A DIVERSE, CARING COMMUNITY AND IN THE CONTEXT OF QUAKER VALUES.
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 Garosi Clerk | OfficerTrustee | 1 | $0 |
Jean Cooper Trustee | Trustee | 1 | $0 |
Jeff Cooper Trustee | Trustee | 1 | $0 |
Linda Sepe Trustee | Trustee | 1 | $0 |
Brian Braxton Trustee | Trustee | 1 | $0 |
Deborah Browning Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $17,887 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $83,165 |
| Noncash contributions included in lines 1a–1f | $11,552 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $101,052 |
| Total Program Service Revenue | $2,310,492 |
| Investment income | $17,528 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $24,304 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,461,311 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $339,792 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $180,651 |
| Compensation of current officers, directors, key employees. | $44,259 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,222,032 |
| Pension plan accruals and contributions | $20,527 |
| Other employee benefits | $24,124 |
| Payroll taxes | $106,635 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $16,950 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $127,454 |
| Advertising and promotion | $24,567 |
| Office expenses | $52,927 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $35,765 |
| Travel | $6,907 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $103,133 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $201,237 |
| Insurance | $19,712 |
| All other expenses | $0 |
| Total functional expenses | $2,589,753 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $77,030 |
| Savings and temporary cash investments | $229,917 |
| Pledges and grants receivable | $864 |
| Accounts receivable, net | $13,516 |
| 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 | $12,534 |
| Net Land, buildings, and equipment | $4,000,738 |
| Investments—publicly traded securities | $165,526 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $18,496 |
| Total assets | $4,518,621 |
| Accounts payable and accrued expenses | $147,443 |
| Grants payable | $0 |
| Deferred revenue | $210,860 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $146,081 |
| Secured mortgages and notes payable | $2,027,435 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $18,495 |
| Total liabilities | $2,550,314 |
| Net assets without donor restrictions | $1,510,971 |
| Net assets with donor restrictions | $457,336 |
| 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 | $4,518,621 |