2019-12-09T12:24:03-06:00 2019-06-30 061009205 BLUM SHAPIRO & COMPANY PC ONE INTERNATIONAL PLACE 16TH FLOOR BOSTON MA 02110 990 2018-07-01 042104242 FRIENDS ACADEMY INC FRIE 5089991356 1088 TUCKER ROAD NORTH DARTMOUTH MA 027473122 KATHRYN GOODFELLOW BOARD PRESIDENT 5089991356 2019-12-03 1 LAURA KENNEY P00202198 6177170831 2019-12-06 64.251.63.131 2019-12-03 15:24:24 ES P B49528270D5C596423F272EFB472E66EFBF6AFC8 9F3B9057DC4C1AB93FF6CCB85D8B21EC61D194BB 2018 2020-04-17 16:48:07Z KATHRYN GOODFELLOW 1088 TUCKER ROAD NORTH DARTMOUTH MA 02747 7787717 0 X WWW.FRIENDSACADEMY1810.ORG X 1810 MA THE TRUSTEES OF FRIENDS' ACADEMY IS A CO-EDUCATIONAL, INDEPENDENT DAY SCHOOL SERVING STUDENTS IN PRESCHOOL THROUGH GRADE EIGHT. THE MISSION OF FRIENDS ACADEMY IS TO PROVIDE EACH STUDENT WITH AN EDUCATIONAL FOUNDATION THAT WILL INSTILL THE ACADEMIC KNOWLEDGE AND SKILLS, RESPONSIBLE CITIZENSHIP, RESPECT FOR DIVERSITY AND DIFFERENCES, AND A SENSE OF WELL-BEING NEEDED FOR A LIFETIME OF LEARNING AND PERSONAL GROWTH. 14 14 97 10 0 0 377288 329997 6808381 7293101 29208 57599 35500 77064 7250377 7757761 1919417 1707057 0 0 4097246 4507458 0 0 241167 1420890 1301545 7437553 7516060 -187176 241701 10880632 11232041 2317692 2190250 8562940 9041791 X THE MISSION OF THE TRUSTEES OF FRIENDS ACADEMY IS TO PROVIDE EACH STUDENT WITH AN EDUCATIONAL FOUNDATION THAT WILL INSTILL THE ACADEMIC KNOWLEDGE AND SKILLS, RESPONSIBLE CITIZENSHIP, RESPECT FOR DIVERSITY AND DIFFERENCES, AND A SENSE OF WELL BEING NEEDED FOR A LIFETIME OF LEARNING AND PERSONAL GROWTH. 0 0 5768382 1707057 7341503 PROVIDE EDUCATION TO 262 STUDENTS ATTENDING EARLY CHILDHOOD THROUGH EIGHTH GRADE. 5768382 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 1 1 0 1 0 0 0 0 0 1 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 23 0 1 97 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 14 14 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 MA X X KATHERINE FURTADO 5089991356 1088 TUCKER ROAD NO DARTMOUTH MA 027473122 KATHRYN GOODFELLOW PRESIDENT 1.00 X X 0 0 0 RALPH TAVARES VICE-PRESIDENT 1.00 X X 0 0 0 LAWRENCE HUNT TREASURER 1.00 X X 0 0 0 MAUREEN DECKER SECRETARY 1.00 X X 0 0 0 ANN BOXLER TRUSTEE 1.00 X 0 0 0 GEORGE FEARONS TRUSTEE 1.00 X 0 0 0 ALICE ROOT TRUSTEE 1.00 X 0 0 0 GIG LANG TRUSTEE 1.00 X 0 0 0 CHAD POWERS TRUSTEE 1.00 X 0 0 0 PETER DAVIES TRUSTEE 1.00 X 0 0 0 EDWARD CARNEY TRUSTEE 1.00 X 0 0 0 MARY VAN PELT TRUSTEE 1.00 X 0 0 0 JAIME BARNES TRUSTEE 1.00 X 0 0 0 WILLIAM PRESCOTT TRUSTEE 1.00 X 0 0 0 BENJAMIN KENNEDY HEAD OF SCHOOL 40.00 X 196000 0 44380 KATHERINE ROBERTS GAUDET ASSISTANT HEAD OF SCHOOL 40.00 X 115500 0 3465 JAMIE ROSS-CORY ASSISTANT HEAD OF SCHOOL 40.00 X 106550 0 31427 418050 0 79272 3 0 1 0 0 51162 278835 329997 TUITION 611600 7041695 7041695 STUDENT SUPPORT SERVIC 611600 251406 251406 7293101 57599 57599 9550 0 9550 9550 9550 58618 51162 29956 28662 28662 MISCELLANEOUS INCOME 611600 38852 38852 38852 7757761 7341503 0 86261 1707057 1707057 240380 204323 24038 12019 3442132 2350272 984103 107757 540451 449917 74508 16026 284495 178113 93984 12398 28689 28689 93594 22640 70954 260943 134816 66334 59793 245188 206820 27590 10778 57942 50644 6592 706 339380 288473 33938 16969 61103 51938 6110 3055 CURRICULUM ENRICHMENT 78391 76725 1666 MISCELLANEOUS 66994 12179 54815 OTHER PROGRAM EXPENSES 34465 34465 COMMUNICATIONS 18735 18735 16121 16121 7516060 5768382 1506511 241167 1647241 913747 982721 31257 9700 44662 59656 35054 73855 11263568 5585528 5717213 5678040 3363209 3477504 41996 36818 10880632 11232041 394454 437024 924741 812838 995893 937323 2604 3065 2317692 2190250 X 5695703 6087394 1961384 2046644 905853 907753 8562940 9041791 10880632 11232041 241701 229075 8075 0 X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 3363209 1900 282976 43652 126929 3477504 3250443 250561 287816 380611 3363209 2945715 174425 404077 273774 3250443 2421557 1720261 19601 1215704 2945715 2428456 753350 97776 858025 2421557 0.45570 0.26100 0.28330 0 0 256821 256821 9825766 4685797 5139969 1115796 899731 216065 65185 65185 5678040 MULTI-STRATEGY EQUITY FUND 2476505 F MULTI-STRATEGY BOND FUND 1000999 F 3477504 DEPOSITS HELD IN CUSTODY FOR OTHERS 3065 3065 X 5958655 229075 29956 259031 5699624 2058137 2058137 7757761 5487879 29956 29956 5457923 2058137 2058137 7516060 PART V, LINE 4: ENDOWMENT FUNDS INTENDED PURPOSES ARE FOR LIBRARY, FINANCIAL AID, MISCELLANEOUS SUPPORT OF SCHOOL ACTIVITIES, PLAYGROUND AND GARDEN. PART X, LINE 2: ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRE MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN BY THE SCHOOL AND RECOGNIZE A TAX LIABILITY IF THE SCHOOL HAS TAKEN AN UNCERTAIN POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY THE INTERNAL REVENUE SERVICE. THE SCHOOL IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS. THE SCHOOL REPORTS TAX-RELATED INTEREST AND PENALTIES, IF ANY, AS A COMPONENT OF INTEREST EXPENSE. PART XI, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES 29,956. PART XI, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID GRANTED 2,045,457. TUITION REBATES 12,680. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES 29,956. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID GRANTED 2,045,457. TUITION REBATES 12,680. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 SCHEDULE E, PART I, LINE 3 PUBLISHED IN LOCAL NEWSPAPER AND DIRECT MAILING CATALOG. SPRING SWING 41605 41605 21977 527 FRIENDS FEST 68175 51162 17013 1564 3250 2638 109780 51162 58618 21977 1564 3250 3165 29956 28662 1 FINANCIAL AID 118 1707057 FINANCIAL AID ALLOWED TOWARD THE STUDENT'S TUITION PART I, LINE 2: FAMILIES APPLY FOR FINANCIAL AID BY COMPLETING A PARENTS FINANCIAL STATEMENT (PFS) WHICH IS SUBMITTED TO THE SCHOOL SCHOLARSHIP SERVICE (SSS) ADMINISTERED BY THE NATIONAL ASSOCIATION OF INDEPENDENT SCHOOLS. THE FORM REQUIRES DISCLOSURE OF FAMILY FINANCIAL INFORMATION LISTING INCOME, ASSETS AND DEBT. THE SCHOOL HAS A FINANCIAL AID COMMITTEE THAT INCLUDES THE HEADMASTER, CHIEF FINANCIAL OFFICER, DIRECTOR OF ADMISSIONS AND THE ACADEMIC DIVISION HEADS. THESE ADMINISTRATORS REVIEW THE PFS AND MAKE AN AWARD BASED UPON THE FINANCIAL INFORMATION AVAILABLE AND IN THE CASE OF NEWLY ADMITTED STUDENTS, THE RECOMMENDATION OF THE DIRECTOR OF ADMISSIONS. X X X X X 0 0 0 0 0 0 0 0 0 BENJAMIN KENNEDY HEAD OF SCHOOL 196000 0 0 0 0 0 5880 0 38500 0 240380 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS REVIEWED FOR ACCURACY BY THE FINANCE COMMITTEE OF THE BOARD OF TRUSTEES WHO DISCUSS IT WTH THE FULL BOARD. COPIES OF THE FORM 990 ARE PROVIDED TO THE FULL BOARD BEFORE IT IS FILED. FORM 990, PART VI, SECTION B, LINE 12C ALL MEMBERS OF THE BOARD OF TRUSTEES, ADMINISTRATION AND FACULTY OF FRIENDS ACADEMY MUST SIGN A COPY OF THE CONFLICT OF INTEREST POLICY EVERY YEAR TO CONFIRM THAT NO CONFLICTS EXIST. THESE DOCUMENTS ARE COLLECTED BY THE CHIEF FINANCIAL OFFICER. ANY POTENTIAL CONFLICTS OF INTEREST ARE REVIEWED AND RESOLVED BY THE BOARD OF TRUSTEES. FORM 990, PART VI, SECTION B, LINE 15A THE HEAD'S COMPENSATION/CONTRACT COMMITTEE OF THE BOARD OF TRUSTEES ANNUALLY REVIEWS THE COMPENSATION OF THE HEADMASTER. THIS IS DONE BY UTILIZING COMPARATIVE DATA FROM SIMILAR ORGANIZATIONS, CONSIDERING EDUCATION AND EXPERIENCE OF THE HEADMASTER AND THE OUTCOME OF THE ORGANIZATION'S GOALS DURING THE YEAR. THE COMMITTEE'S DETERMINATIONS AND DECISIONS ARE DOCUMENTED ANNUALLY AND A WRITTEN FOUR YEAR TERM CONTRACT IS ENTERED INTO WITH THE HEADMASTER. FORM 990, PART VI, SECTION C, LINE 18 A COPY OF THE FORM 990 WILL BE AVAILABLE IN THE BUSINESS OFFICE FOR ANY BOARD MEMBERS OR INTERESTED PARTIES WHO WOULD LIKE TO REVIEW THE DOCUMENT. FORM 990, PART VI, SECTION C, LINE 19 COPIES OF THE BY-LAWS, CONFLICT OF INTEREST POLICY AND THE ANNUAL FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST FROM THE HEADMASTER.