2013-02-01T09:55:54-06:00 2012-06-30 050353162 PICCERELLI GILSTEIN & CO LLP 144 WESTMINSTER STREET PROVIDENCE RI 029032282 990 2011-07-01 042104242 FRIENDS ACADEMY INC FRIE 5089991356 1088 TUCKER ROAD NORTH DARTMOUTH MA 027473122 MR FREDERIC MOCK 5089991356 2013-01-28 1 WILLIAM J PICCERELLI P00008456 4018310200 2011 2016-02-25 16:41:14Z MR FREDERIC MOCK 1088 TUCKER ROAD DARTMOUTH MA 02747 7326222 0 X WWW.FRIENDSACADEMY1810.ORG X 1810 MA 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. 22 22 94 75 0 0 1330545 1069350 5877196 6062255 36179 39162 81005 92387 7324925 7263154 1217403 1445805 0 0 3689488 3791384 0 0 214674 1666812 1633317 6573703 6870506 751222 392648 8881308 10314605 768518 1833028 8112790 8481577 X 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. 0 0 5368325 1445805 6127737 PROVIDE EDUCATION TO TWO HUNDRED SEVENTY FIVE STUDENTS ATTENDING PRESCHOOL THROUGH EIGHTH GRADE. 5368325 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 1 0 0 0 0 0 0 0 0 0 1 21 0 94 1 0 0 0 0 0 0 0 0 X 22 22 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 MA X X KATHERINE FURTADO 5089991356 1088 TUCKER ROAD NO DARTMOUTH MA 027473122 CAROL PRAY 1.10 X X 0 0 0 DAVID KAISER 1.10 X 0 0 0 GEORGE CHARETTE 1.10 X 0 0 0 GERTRUDE BURR 1.10 X 0 0 0 JACK GIERHART 1.10 X X 0 0 0 JOY HORSTMANN 1.10 X 0 0 0 ANNA BULLARD 1.10 X 0 0 0 WILLIAM BURKE 1.10 X 0 0 0 JOHN LATAWIEC 1.10 X 0 0 0 CYNTHIA MAXIM 1.10 X 0 0 0 NATHANIEL P STITES 1.10 X X 0 0 0 YVONNE DRAYTON 1.10 X 0 0 0 CALVIN SIEGAL 1.10 X 0 0 0 ANN BOXLER 1.10 X 0 0 0 JOANELLA CANNELL 1.10 X 0 0 0 SANDRA HEWITT 1.10 X 0 0 0 FREDERIC MOCK 1.10 X X 0 0 0 GEORGE FEARONS 1.10 X 0 0 0 DOREEN PATYS 1.10 X 0 0 0 DR MI HAISMAN 1.10 X 0 0 0 RALPH TAVERES JR 1.10 X 0 0 0 CHRISTINE WARING 1.10 X 0 0 0 STEPHEN BARKER 40.00 X 105505 0 35025 ANDREW M RODIN 45.00 X 135585 0 0 241090 0 35025 2 1 0 0 0 1069350 39327 1069350 TUITION 611600 5827789 5827789 STUDENT SUPPORT SERVIC 611600 234466 234466 6062255 38817 38817 41850 0 41850 41850 41850 39752 536 39943 0 -191 536 345 345 50030 23125 26905 26905 MISCELLANEOUS INCOME 611600 23632 23632 23632 7263154 6127737 0 66067 1445805 1445805 307050 179275 127775 2939242 2106415 718527 114300 119500 80945 34805 3750 194862 118068 76434 360 230730 157975 64394 8361 26299 26299 69553 43149 26404 3505 3505 134641 58811 75830 54572 11077 43495 275513 261907 13606 24629 24629 32835 32835 351200 333640 17560 58023 49628 8395 CENTER OF EDUC INNOV 265804 265804 CURRICULUM ENRICHMENT 61796 61796 ANNUAL APPEAL 57439 57439 INSTRUCTIONAL AIDS 46687 46687 170821 119209 21148 30464 6870506 5368325 1287507 214674 1628265 1400269 1071203 228902 29080 62673 96863 106907 10189664 3448186 4068007 6741478 1792827 1729265 195063 45111 8881308 10314605 197045 275341 382939 372636 183516 1179757 5018 5294 768518 1833028 X 4878620 6456573 2346733 1133250 887437 891754 8112790 8481577 8881308 10314605 X 392648 -23861 X 0 1 1 X 0 X THE SCHOOL IS NOT REQUIRED TO FILE SCHEDULE A, HOWEVER, IT DOES MEET THE 33 1/3% SUPPORT TEST. AS A RESULT, SCHEDULE B ONLY INCLUDES DONORS WHO MADE CONTRIBUTIONS GREATER THAN 2% OF TOTAL CONTRIBUTIONS. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 4409221 889978 16822 2225049 2730972 2929524 1288905 332545 501753 4049221 1674085 1573326 200639 518526 2929524 2003560 164000 -493475 1674085 0.25850 0.32650 0.41500 0 0 110217 110217 9026887 2982880 6044007 1052560 465306 587254 6741478 MULTI STRATEGY BOND FUND 488289 F EQUITY FUND 1025846 F ACCESS EQUITY - UNREALIZED APPRECIA 215130 F 1729265 DEPOSITS HELD IN CUSTODY FOR OTHERS 5294 5294 7263154 6870506 392648 -24052 191 -23861 368787 7286470 23316 23316 7263154 0 7263154 6917683 47177 47177 6870506 0 6870506 DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: ENDOWMENT FUNDS INTENDED PURPOSES ARE: LIBRARY, FINANCIAL AID, MISCELLANEOUS SUPPORT OF SCHOOL ACTIVITIES, PLAYGROUND, AND GARDEN. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: THE ORGANIZATION INTERNALLY MONITORS ITS TAX POSITIONS TO DETERMINE WHETHER ANY ARE UNCERTAIN. A TAX POSITION IS TAKEN IF IT IS DETERMINED THAT THE POSITION WILL "MORE-LIKELY-THAN-NOT" BE SUSTAINED UPON EXAMINATION BY A TAXING AUTHORITY. THE SCHOOL'S MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY THE SCHOOL, AND HAS CONCLUDED THAT AS OF JUNE 30, 2012, THERE WERE NO UNCERTAIN POSITIONS TAKEN, OR EXPECTED TO BE TAKEN, THAT WOULD REQUIRE THE RECOGNITION OF A LIABILITY OR ASSET OR DISCLOSURE IN THE FINANCIAL STATEMENTS. THE SCHOOL IS NOT CURRENTLY SUBJECT TO AUDITS FOR ANY TAX PERIODS. THE SCHOOL'S MANAGEMENT BELIEVES IT IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS FOR THE YEARS PRIOR TO 2007. PART XI, LINE 8 - OTHER ADJUSTMENTS: LOSS ON DONATED SECURITIES 191. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF SPECIAL EVENTS 23,125. LOSS ON DONATED SECURITIES 191. PART XIII, LINE 2D - OTHER ADJUSTMENTS: COST OF SPECIAL EVENTS 23,125. UNREALIZED LOSS ON INVESTMENTS 24,052. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 EXPLANATION OF NONDISCRIMINATORY POLICY PUBLICATION SCHEDULE E, PART I, LINE 3 PUBLISHED IN LOCAL NEWSPAPER AND DIRECT MAILING CATALOG. SPRING SWING 34490 34490 1466 13466 1222 BLUES EVENT 15540 15540 670 3054 1500 1747 3 50030 50030 1466 14136 3054 1500 2969 23125 26905 1 FINANCIAL AID 85 1132600 FINANCIAL AID ALLOWED TOWARD THE STUDENT'S TUITION TUITION REMISSION 17 313205 TUITION REMISSION REDUCING AMOUNT OF THE STUDENT'S TUITION PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, PART I, LINE 2: FAMILIES APPLY FOR FINANCIAL AID BY COMPLETING A PARENTS FINANCIAL STATEMENT 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, BUSINESS MANAGER, COMPTROLLER, 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. TUITION REMISSION WAS ELIMINATED AS A FRINGE BENEFIT BY THE BOARD OF TRUSTEES IN SCHOOL YEAR 2009-2010. TUITION REMISSION IS PROVIDED FOR SOME FACULTY CHILDREN WHO WERE RECEIVING THE FUNDS UNDER A PREVIOUS POLICY. FACULTY ARE ELIGIBLE TO APPLY FOR FINANCIAL AID BY COMPLETING THE APPLICATION PROCESS AS STATED ABOVE. 1 X X X X X X 0 0 0 0 0 0 0 0 0 ANDREW M RODIN 135585 0 0 0 0 0 0 0 0 0 135585 0 135585 0 X 4 39518 FAIR MARKET VALUE 0 0 0 FORM 990, PART VI, SECTION B, LINE 11 THE FINANCE COMMITTEE OF THE BOARD OF DIRECTORS WILL REVIEW THE 990 AND DISCUSS IT WITH THE FULL BOARD. 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. THE HEADMASTER'S SECRETARY COLLECTS THESE DOCUMENTS. FORM 990, PART VI, SECTION B, LINE 15 THE FINANCE COMMITTEE MAKES RECOMMENDATIONS TO THE FULL BOARD REGARDING COMPENSATION FOR ALL EMPLOYEES, WITH THE EXCEPTION OF THE HEADMASTER. THE HEADMASTER'S COMPENSATION IS THE RESPONSIBILITY OF THE HEAD'S COMPENSATION/CONTRACT COMMITTEE. THE CURRENT MEMBERS OF THIS COMMITTEE ARE THE FORMER PRESIDENT, CURRENT PRESIDENT AND TREASURER OF THE BOARD. THEY ARE ADVISED BY THE SCHOOL'S LEGAL COUNSEL, VENABLE, LLP. THE FINANCE COMMITTEE DISCUSSES RAISES FOR THE FACULTY AND STAFF. THE HEADMASTER HAS SOME FLEXIBILITY IN DETERMINING RAISES. HE MAKES THE FINAL DECISION ABOUT EMPLOYEE COMPENSATION USING GUIDELINES FROM THE BOARD AND FINANCE COMMITTEE. FORM 990, PART VI, SECTION C, LINE 19 COPIES OF THE BY- LAWS AND THE ANNUAL FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST FROM THE HEADMASTER. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED LOSSES ON INVESTMENTS: -24,052. LOSS ON DONATED SECURITIES 191. TOTAL TO FORM 990, PART XI, LINE 5: -23,861. HOW IS THE FORM 990 MADE AVAILABLE FORM 990 PART VI SECTION C Q# 19 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.