Friendship Public Charter School
- Assets
- $235.1m
- Revenue
- $136.3m
- Investments
- $3.0m
- Employees
- 1,156
- Location
- Washington, DC
- Founding
- 01/1999
- Data as of
- 06/2022
- EIN
- 58-2398964
Organization Overview
Friendship Public Charter School is located in Washington, DC. The organization was established in 1999. 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 06/2022, Friendship Public Charter School employed 1,156 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Friendship Public Charter 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, Friendship Public Charter School generated $136.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.9% each year. All expenses for the organization totaled $130.1m during the year ending 06/2022. While expenses have increased by 6.3% 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
TO PROVIDE A WORLD-CLASS EDUCATION FOR STUDENTS IN GRADES PRE-K TO 12.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE QUALITY INSTRUCTION FOR CHILDREN FROM PRE-KINDERGARTEN TO 12TH GRADE FOR APPROXIMATELY 4,900 STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Patricia A Brantley CEO | OfficerTrustee | 40 | $287,369 |
Kenneth Cherry Chief Of Staff | Officer | 40 | $211,061 |
Peggy Edwards-Jones Principal | 40 | $196,653 | |
Vielka Scott-Marcus Cao | Officer | 40 | $188,944 |
James Waller Chief Of School Operations | Officer | 40 | $188,338 |
Zachary Morford Cheif Of Performance | 40 | $176,466 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Busy Bee Environmental Services Hvac Maintenance, Housekeeping Services | 6/29/22 | $5,698,692 |
Consigli Construction Co Inc Construction Service | 6/29/22 | $1,903,559 |
K12 Management Inc Educational Management Service | 6/29/22 | $1,511,875 |
Michael Marshall Design Llc Architecture And Design Service | 6/29/22 | $1,438,984 |
Dc Public Charter School Board Educational Management Oversight | 6/29/22 | $1,220,630 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $18,342,010 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,184,036 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $21,526,046 |
| Total Program Service Revenue | $111,852,766 |
| Investment income | $134,157 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $36,720 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $136,250,245 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,233,408 |
| Compensation of current officers, directors, key employees. | $1,233,408 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $65,239,814 |
| Pension plan accruals and contributions | $509,168 |
| Other employee benefits | $7,051,360 |
| Payroll taxes | $4,924,662 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $74,673 |
| Fees for services: Accounting | $139,070 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $39,361 |
| Fees for services: Other | $6,445,937 |
| Advertising and promotion | $0 |
| Office expenses | $4,763,936 |
| Information technology | $408,117 |
| Royalties | $0 |
| Occupancy | $11,958,356 |
| Travel | $589,496 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $5,374,061 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $6,762,679 |
| Insurance | $949,143 |
| All other expenses | $0 |
| Total functional expenses | $130,120,198 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $42,222,091 |
| Pledges and grants receivable | $8,664,973 |
| Accounts receivable, net | $1,385,065 |
| 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 | $43,502 |
| Net Land, buildings, and equipment | $136,746,181 |
| Investments—publicly traded securities | $39,929,066 |
| Investments—other securities | $3,000,000 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,097,797 |
| Total assets | $235,088,675 |
| Accounts payable and accrued expenses | $18,206,534 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $142,565,000 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $22,351,891 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,300,455 |
| Total liabilities | $184,423,880 |
| Net assets without donor restrictions | $50,664,795 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $235,088,675 |
Grants Recieved
Over the last fiscal year, we have identified 7 grants that Friendship Public Charter School has recieved totaling $2,084,722.
| Awarding Organization | Amount |
|---|---|
Education Forward Dc Washington, DC PURPOSE: GENERAL OPERATIONS | $606,000 |
Digital Promise Global Washington, DC PURPOSE: TO PROVIDE TEACHERS AND STUDENTS IN U.S. MIDDLE/HIGH SCHOOLS WITH ALWAYS-AVAILABLE ACCESS | $522,162 |
Rf Catalytic Capital Inc New York, NY PURPOSE: PARTNERSHIP TO SCALE COVID-19 TESTING | $500,000 |
Digital Promise Global Washington, DC PURPOSE: TO PROVIDE TEACHERS AND STUDENTS IN U.S. MIDDLE/HIGH SCHOOLS WITH ALWAYS-AVAILABLE ACCESS | $301,000 |
Center For Education Reform Washington, DC PURPOSE: SUPPORT BEST IN CLASS EDUCATION PROVIDERS | $100,000 |
Project Lead The Way Inc Indianapolis, IN PURPOSE: Program Implementation | $47,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Kipp Dc Public Charter Schools Washington, DC | $454,640,868 | $193,016,578 |
Friendship Public Charter School Washington, DC | $235,088,675 | $136,250,245 |
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 |
Georgetown Day School Inc Washington, DC | $314,406,579 | $96,635,135 |
Collegiate School Richmond, VA | $158,195,585 | $59,848,503 |
Potomac School Mclean, VA | $225,192,195 | $49,665,882 |
Flint Hill School Oakton, VA | $94,406,099 | $45,449,765 |
Bullis School Inc Potomac, MD | $98,208,716 | $48,486,298 |
Charles E Smith Jewish Day School Of Greater Washington Inc Rockville, MD | $72,940,113 | $37,835,110 |
Landon School Corporation Bethesda, MD | $80,382,622 | $54,334,304 |
Friends School Of Baltimore Inc Baltimore, MD | $92,747,497 | $38,147,236 |