International Friends School
- Assets
- $671.0k
- Revenue
- $2.5m
- Investments
- $0.0
- Employees
- 33
- Location
- Bellevue, WA
- Founding
- 06/2017
- Data as of
- 06/2022
- EIN
- 81-3819663
Organization Overview
International Friends School is located in Bellevue, WA. The organization was established in 2017. 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, International Friends School employed 33 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. International 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, International Friends School generated $2.5m in total revenue. All expenses for the organization totaled $2.6m during the year ending 06/2022. While expenses have increased by 91.8% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
INTERNATIONAL FRIENDS SCHOOL PREPARES STUDENTS TO EMBRACE THE CHALLENGES OF TODAY SO THEY MAY SEIZE THE OPPORTUNITIES OF TOMORROW. WE CREATE HABITS OF STRONG HEART AND MIND THROUGH QUAKER EDUCATION IN A MODERN, IMMERSIVE, MULTILINGUAL ENVIRONMENT. OUR STUDENTS HAVE THE CHARACTER, COMMUNICATION SKILLS AND CULTURAL COMPETENCY TO MEANINGFULLY PARTICIPATE AS WORLD CITIZENS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
INTERNATIONAL FRIENDS SCHOOL CREATES HABITS OF STRONG HEART AND MIND THROUGH QUAKER EDUCATION IN A MODERN, IMMERSIVE, MULTILINGUAL ENVIRONMENT. IFS STUDENTS HAVE THE CHARACTER, COMMUNICATION SKILLS AND CULTURAL COMPETENCY TO MEANINGFULLY PARTICIPATE AS WORLD CITIZENS. IFS VALUES ARE A MARRIAGE OF THE SIX QUAKER TESTIMONIES - SERVICE, PEACE, INTEGRITY, COMMUNITY, EQUALITY AND STEWARDSHIP - AND THE COMMITMENT IFS HAS TO EVERY CHILD IN THE SCHOOL. JOY - CELEBRATING THE LOVE OF LIFE AND THE THRILL OF DISCOVERY. STEWARDSHIP - CULTIVATING KINSHIP, KINDNESS, AND CARING FOR ALL HUMAN LIVES AND FOR PLANET EARTH. WISDOM - NURTURING SCHOLARSHIP, IMAGINATION AND CURIOSITY THROUGH AUTHENTIC RISK-TAKING. PRINCIPLE - FOSTERING A BOLD AND RESILIENT CHARACTER THAT PRACTICES INDUSTRIOUSNESS, OPTIMISM, GRATITUDE AND INTEGRITY. PEACE - THROUGH THE VALUES OF JOY, STEWARDSHIP, WISDOM AND PRINCIPLE, A FOUNDATION WILL EXIST FOR EVERY STUDENT TO OWN AND CHERISH THE RESPONSIBILITY FOR THEIR VIBRANT, DIVERSE, EVER-CHANGING COMMUNITY. INTERNATIONAL FRIENDS SCHOOL SUCCESSFULLY COMPLETED ITS FOURTH YEAR OF SCHOOL OPERATIONS, SERVING STUDENTS WITH AN ELEMENTARY SCHOOL PROGRAM, AND ITS ENRICHING PRESCHOOL TO KINDERGARTEN PROGRAMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sue Brooks Head Of School | OfficerTrustee | 50 | $112,085 |
Juan Jewell Trustee | Trustee | 2 | $0 |
Cuong Pham Clerk (president), Board Of Trustees | OfficerTrustee | 2 | $0 |
Xingdi-Cindi Zhou Treasurer | OfficerTrustee | 2 | $0 |
Jill Wittrock Secretary | OfficerTrustee | 2 | $0 |
Jimmy Foo Trustee | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $171,380 |
| All other contributions, gifts, grants, and similar amounts not included above | $327,822 |
| Noncash contributions included in lines 1a–1f | $14,089 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $499,202 |
| Total Program Service Revenue | $1,950,930 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| 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 | $2,489,915 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $122,814 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $104,170 |
| Compensation of current officers, directors, key employees. | $41,668 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,175,610 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $87,364 |
| Payroll taxes | $123,983 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $4,818 |
| Fees for services: Accounting | $80,385 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $17,829 |
| Advertising and promotion | $17,431 |
| Office expenses | $294,718 |
| Information technology | $18,305 |
| Royalties | $0 |
| Occupancy | $426,131 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $6,858 |
| Interest | $12,653 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $35,849 |
| Insurance | $28,268 |
| All other expenses | $24,600 |
| Total functional expenses | $2,581,786 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $305,787 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $206 |
| 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 | $11,531 |
| Net Land, buildings, and equipment | $353,432 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $670,956 |
| Accounts payable and accrued expenses | $178,408 |
| Grants payable | $0 |
| Deferred revenue | $208,233 |
| 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 | $174,900 |
| Unsecured mortgages and notes payable | $100,000 |
| Other liabilities | $21,785 |
| Total liabilities | $683,326 |
| Net assets without donor restrictions | -$12,370 |
| 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 | $670,956 |