2026-03-05T05:42:54-08:00 2025-06-30 521861549 ANDERSON DAVIS & ASSOCIATES CPA PA 1406 B SOUTH CRAIN HWY 204 GLEN BURNIE MD 21061 990 2024-07-01 042104242 FRIENDS ACADEMY INC FRIE 5089991356 1088 TUCKER ROAD NORTH DARTMOUTH MA 02747 HANH NGUYEN DIR. OF FINANCE AND OPERATIONS 5089991356 2026-01-31 true true Michael C Davis CPA P00066528 4107662645 2024 2025-03-06 01:10:19Z FRIENDS ACADEMY 1810 BENJAMIN KENNEDY 1088 TUCKER ROAD NORTH DARTMOUTH MA 02747 6303710 false X N/A 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 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. 14 14 134 0 0 0 452273 646456 5670843 5277227 349181 330150 2608 -852 6474905 6252981 0 0 4998598 4957142 0 217015 2152605 2182661 7151203 7139803 -676298 -886822 18138412 17424465 6968310 6835787 11170102 10588678 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. false false 5079960 0 5284323 PROVIDE EDUCATION TO 210 STUDENTS ATTENDING EARLY CHILDHOOD THROUGH EIGHTH GRADE. 5079960 true true false false false false false false false true true true false false false true true false true false false false false false true false false false false true false false false false false false false false false false false false false false false false false true 22 0 true 134 true false false false false false false false false false false false false X 14 14 false false false false false false false true true false false true true true true true true true false false MA X X HANH NGUYEN 5089991356 1088 TUCKER ROAD NORTH DARTMOUTH MA 02747 BENJAMIN KENNEDY HEAD OF SCHOOL 40.00 X 243500 0 95820 HANH NGUYEN DIRECTOR OF FINANCE AND OPERATIONS 40.00 X 188709 0 10296 JAMIE ROSS-CORY HEAD OF LOWER SCHOOL 40.00 X 118625 0 4828 CHANTAL BALOGH DIRECTOR OF ACADEMIC PROGRAMS 40.00 X 102235 0 8056 CHAD BRUBAKER TRUSTEE 1.00 X 0 0 0 JOHN LOFBERG TRUSTEE 1.00 X 0 0 0 PETER CALDWELL TRUSTEE 1.00 X 0 0 0 HOLLY CORREIRA TRUSTEE 1.00 X 0 0 0 ALEXANDRA PARKER TRUSTEE 1.00 X 0 0 0 STEPHANIE SANFORD TRUSTEE 1.00 X 0 0 0 WILLIAM PRESCOTT TRUSTEE 1.00 X 0 0 0 EDWARD CARNEY TRUSTEE 1.00 X 0 0 0 BEN SHATTUCK TRUSTEE 1.00 X 0 0 0 ANDREW PICKERING TRUSTEE 1.00 X 0 0 0 HILARY VINEYARD PRESIDENT 5.00 X X 0 0 0 AIDEN FITZGERALD VICE PRESIDENT 1.00 X X 0 0 0 JAIME BARNES TREASURER 5.00 X X 0 0 0 ALLEN DECKER SECRETARY 1.00 X X 0 0 0 653069 0 119000 4 false true false 30373 616083 646456 TUITION AND FEES 611600 4266520 0 0 STUDENT SUPPORT SERVICES 611600 1010707 0 0 5277227 166103 0 166103 206828 42781 164047 164047 0 0 164047 0 30373 7948 -7948 0 -7948 MISCELLANEOUS 611600 7096 7096 0 0 7096 6252981 5284323 0 322202 588036 191482 325808 70746 3727579 2992937 670057 64585 325183 266928 55803 2452 316344 212984 93964 9396 54033 0 54033 0 97070 0 97070 0 16772 0 16772 0 89698 20718 68980 0 23578 23111 467 0 176662 5459 169796 1407 255109 216843 25511 12755 87880 74698 8788 4394 463852 394274 46385 23193 64267 54627 6427 3213 SUPPLIES 340787 315194 16800 8793 REPAIRS AND MAINTENANCE 189263 160874 18926 9463 CREDIT LOSS 93000 0 93000 0 EVENT EXPENSES 81399 68556 9599 3244 149291 81275 64642 3374 7139803 5079960 1842828 217015 359931 249951 1210158 483577 509255 211017 3577692 3919614 83443 55561 15207424 7985323 7561016 7222101 4788986 5234389 47931 48255 18138412 17424465 323012 368353 4474234 4910554 1811383 1556880 359681 0 6968310 6835787 X 7418404 6616318 3751698 3972360 11170102 10588678 18138412 17424465 -886822 305398 X X false true true false X 0 0 0 0 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 4860210 6600 580397 206828 5240379 4338232 25234 685426 188682 4860210 3924041 64427 449764 47288 52712 4338232 4197652 250500 -524111 3924041 3365945 15056 916651 25847 74153 4197652 0.39770 0.60230 false false 0 68052 68052 13131439 6490375 6641064 1779087 1340112 438975 228846 154836 74010 7222101 MULTI-STRATEGY EQUITY FUND 3830835 F MULTI-STRATEGY BOND FUND 1403554 F 5234389 REFUNDABLE ADVANCE 0 0 X 6549555 305398 7948 313346 6236209 16772 16772 6252981 7130979 7948 7948 7123031 16772 16772 7139803 Pt V, Line 4 ENDOWMENT FUNDS INTENDED PURPOSES ARE FOR LIBRARY, FINANCIAL AID, MISCELLANEOUS SUPPORT OF SCHOOL ACTIVITIES, PLAYGROUND AND GARDEN. Pt X, Line 2 THE SCHOOL IS A TAX-EXEMPT ORGANIZATION DESCRIBED UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (THE IRC) AND, AS SUCH, IS NOT SUBJECT TO FEDERAL OR STATE CORPORATION INCOME TAXES. THE SCHOOL HAD NO UNCERTAIN TAX POSITIONS AT JUNE 30, 2025 AND 2024. THE SCHOOLS FEDERAL INFORMATION RETURNS PRIOR TO FISCAL YEAR 2021 ARE CLOSED, AND MANAGEMENT CONTINUALLY EVALUATES EXPIRING STATUTES OF LIMITATIONS, AUDITS, PROPOSED SETTLEMENTS, CHANGES IN TAX LAW AND NEW AUTHORITATIVE RULINGS. IF THE SCHOOL HAD UNRELATED BUSINESS INCOME TAXES, IT WOULD RECOGNIZE INTEREST AND PENALTIES ASSOCIATED WITH ANY TAX MATTERS AS PART OF THE INCOME TAX PROVISION AND INCLUDE ACCRUED INTEREST AND PENALTIES WITH THE RELATED TAX LIABILITY IN THE STATEMENTS OF FINANCIAL POSITION. Pt XI, Line 2d DIRECT FUNDRAISING EXPENSES THAT ARE RECORDED NET OF FUNDRAISING INCOME. INCLUDED ON PAGE 9. Pt XII, Line 2d DIRECT FUNDRAISING EXPENSES THAT ARE RECORDED NET OF FUNDRAISING INCOME. INCLUDED ON PAGE 9. true true true true true true true false false false false false false false false false false true Line 3 PUBLISHED IN LOCAL NEWSPAPER AND DIRECT MAILING CATALOG. PUBLISHED IN LOCAL NEWSPAPER AND DIRECT MAILING CATALOG. FRIENDS FEST 30373 30373 0 7948 30373 30373 0 7948 7948 -7948 X X X X X false false false false false false false false false BENJAMIN KENNEDY 243500 0 0 0 0 0 9920 0 85900 0 339320 0 0 0 HANH NGUYEN 188709 0 0 0 35000 0 6380 0 3916 0 234005 0 0 0 Pt VI, Line 1a SUBJECT TO THE DIRECTION OR APPROVAL OF THE BOARD OF TRUSTEES, AND EXCEPT AS LIMITED BY LAW, THE EXECUTIVE COMMITTEE SHALL HAVE THE POWERS OF THE BOARD OF TRUSTEES IN THE INTERVALS BETWEEN BOARD OF TRUSTEES MEETINGS. IN GENERAL, THE COMMITTEE MAY ACT ON BEHALF OF THE BOARD OF TRUSTEES UPON ALL MATTERS EXCEPT THOSE WHICH, IN THE OPINION OF THE COMMITTEE, SHOULD AWAIT THE NEXT MEETING. EXCEPT AS EXPRESSLY PROVIDED HEREIN, ALL ACTION SO TAKEN BY THE COMMITTEE SHALL BE DEEMED THE ACTION OF THE BOARD OF TRUSTEES. AT EACH MEETING OF THE BOARD OF TRUSTEES, THE COMMITTEE SHALL REPORT ACTION TAKEN BY IT SINCE THE PREVIOUS BOARD OF TRUSTEES MEETING. Pt VI, Line 12c ALL MEMBERS OF THE BOARD OF TRUSTEES, ADMINISTRATION AND FACULTY OF TRUSTEES 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. Pt VI, Line 15a THE HEADS COMPENSATION/CONTRACT COMMITTEE OF THE BOARD OF TRUSTEES ANNUALLY REVIEWS THE COMPENSATION OF THE HEAD OF SCHOOL. THIS IS DONE BY UTILIZING COMPARATIVE DATA FROM SIMILAR ORGANIZATIONS, CONSIDERING EDUCATION AND EXPERIENCE OF THE HEAD OF SCHOOL AND THE OUTCOME OF THE ORGANIZATIONS GOALS DURING THE YEAR. THE COMMITTEES DETERMINATIONS AND DECISIONS ARE DOCUMENTED ANNUALLY AND A WRITTEN FOUR YEAR TERM CONTRACT IS ENTERED INTO WITH THE HEAD OF SCHOOL. Pt VI, 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. Pt VI, Line 19 AVAILABLE UPON WRITTEN REQUEST TO THE SCHOOL. Pt XII, Line 2c THE ORGANIZATION HAS NOT CHANGED ITS OVERSIGHT OR SELECTION PROCESSES DURING THE TAX YEAR. Pt VI, Line 11b THE FORM 990 IS REVIEWED FOR ACCURACY BY THE FINANCE COMMITTEE OF THE BOARD OF TRUSTEES WHO DISCUSS IT WITH THE FULL BOARD. COPIES OF THE FORM 990 ARE PROVIDED TO THE FULL BOARD BEFORE IT IS FILED.