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FRIENDS ACADEMY INC

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Public IRS 990 nonprofit record

FRIENDS ACADEMY INC

EIN 04-2104242 · Education (B240)

What they do

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.

Before you give

Should I give to this charity?

Easy charity check
Look at where the money went

Of every $100 spent, about $71.10 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders18 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

81.24%of revenue went to mission work71.1% of expenses · Program services
3.47%of revenue went to fundraising3.0% of expenses
$114.18spent for every $100 of revenueSpending was higher than revenue this year.
29.47%of revenue went to management and office costs25.8% of expenses
$2.44in assets for every $1 spent this yearSome assets cannot be spent right away.
10.3%of its money came from giftsOther money may come from services or investments.

Ask these three easy questions

  1. Who did you help? Ask for a recent story or report that shows real results.
  2. What will my money do? Ask exactly what your gift will pay for.
  3. Is this really the charity? Give only through its official website or confirmed phone number.

Worth asking: Expenses exceeded revenue by $886,822 this year. Ask whether that was planned or caused by a one-time event.

Pay context: The highest compensation shown in this filing is $339,320 for BENJAMIN KENNEDY (HEAD OF SCHOOL). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$6,252,981
Mission workProgram services$5,079,96081.24% of revenue71.1% of expenses
ManagementOffice and general costs$1,842,82829.47% of revenue25.8% of expenses
FundraisingAsking for donations$217,0153.47% of revenue3.0% of expenses
Total expenses$7,139,803114.18% of revenue

Expenses were greater than revenue, so the colored ring fills the available $100 and the total above 100% is shown below.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails
2024CurrentExpense mix: 71.1% mission · 25.8% management · 3.0% fundraisingTotal expenses: 114.18% of revenue
2023Expense mix: 70.7% mission · 26.2% management · 3.2% fundraisingTotal expenses: 110.44% of revenue
2022Expense mix: 78.0% mission · 19.5% management · 2.5% fundraisingTotal expenses: 90.02% of revenue
2021Expense mix: 78.5% mission · 18.7% management · 2.9% fundraisingTotal expenses: 90.22% of revenue
2020Expense mix: 80.1% mission · 17.1% management · 2.8% fundraisingTotal expenses: 99.93% of revenue
2019Expense mix: 79.1% mission · 17.8% management · 3.1% fundraisingTotal expenses: 97.54% of revenue
2018Expense mix: 76.7% mission · 20.0% management · 3.2% fundraisingTotal expenses: 96.88% of revenue
2017Expense mix: 81.2% mission · 16.5% management · 2.3% fundraisingTotal expenses: 102.58% of revenue

Money in and money out

Revenue$6,252,981
Expenses$7,139,803
Annual shortfall $886,822 Expenses were higher than revenue for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$5,079,960 · 71.1% of expenses
Management and office costs$1,842,828 · 25.8% of expenses
Fundraising$217,015 · 3.0% of expenses
See all reported dollar amounts
Revenue$6,252,981
Expenses$7,139,803
Assets$17,424,465
Income$6,303,710
Contributions$646,456
Mission work (program services)$5,079,960
Fundraising$217,015
Management and general$1,842,828
Accounting fees$97,070
Investing fees$16,772
People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation
BENJAMIN KENNEDYHEAD OF SCHOOL · 40 hrs/week $339,320Base $243,500 · Other $95,820
HANH NGUYENDIRECTOR OF FINANCE AND OPERATIONS · 40 hrs/week $199,005Base $188,709 · Other $10,296
JAMIE ROSS-CORYHEAD OF LOWER SCHOOL · 40 hrs/week $123,453Base $118,625 · Other $4,828
CHANTAL BALOGHDIRECTOR OF ACADEMIC PROGRAMS · 40 hrs/week $110,291Base $102,235 · Other $8,056

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (18)

BENJAMIN KENNEDYHEAD OF SCHOOL

HANH NGUYENDIRECTOR OF FINANCE AND OPERATIONS

JAMIE ROSS-CORYHEAD OF LOWER SCHOOL

CHANTAL BALOGHDIRECTOR OF ACADEMIC PROGRAMS

WILLIAM PRESCOTTTRUSTEE

AIDEN FITZGERALDVICE PRESIDENT

STEPHANIE SANFORDTRUSTEE

PETER CALDWELLTRUSTEE

JOHN LOFBERGTRUSTEE

JAIME BARNESTREASURER

HOLLY CORREIRATRUSTEE

HILARY VINEYARDPRESIDENT

EDWARD CARNEYTRUSTEE

CHAD BRUBAKERTRUSTEE

BEN SHATTUCKTRUSTEE

ANDREW PICKERINGTRUSTEE

ALLEN DECKERSECRETARY

ALEXANDRA PARKERTRUSTEE

About this charity

Recognized since
January 1935
Location
1088 TUCKER RD, N DARTMOUTH, MA 02747-3122
County
Bristol
In care of
HANH NGUYEN
Primary officer
HANH NGUYEN, DIR. OF FINANCE AND OPERATIONS

How to reach them

Phone(508) 999-1356

Filing and classification

Latest tax year
2024
Tax period began
July 1, 2024
Return type
990
Tax preparer
ANDERSON DAVIS & ASSOCIATES CPA PA
NTEE classification
Education (B240)

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About this report: Information comes from public nonprofit records and may show the latest filing available.

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