Overview
What is Friends Academy?
Friends Academy is an independent elementary and secondary educational institution situated in Locust Valley, New York. Guided by Quaker principles, they nurture students to discover and develop their best selves, aiming for educational excellence through high learning standards. Community service is a central part of their curriculum, empowering students to make a difference in the world. Friends Academy fosters leadership, civic responsibility, and a commitment to equality and diversity. During the 2021-2022 school year, they served 705 students and employed a staff of 342 individuals.
Official website here: www.fa.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Stars)
Friends Academy has achieved a remarkable Four-Star rating from Charity Navigator, reflecting exceptional performance in accountability and finance. The score is based entirely on a strong accountability & finance beacon score of 96%, indicating that the organization maintains high standards in financial reporting and governance.
One of the key strengths of Friends Academy is its fully independent board, which consists of 20 members, ensuring unbiased decision-making. The organization also excels in its audit and oversight practices, having no reported material diversion of assets, and meeting all necessary documentation and policy standards, including conflict of interest and whistleblower policies.
While Friends Academy demonstrates a commendable program expense ratio of over 75%, showcasing the majority of funds directed towards its programs, the organization may still face scrutiny regarding its overall impact and effectiveness. Despite this, the strong financial health and governance practices are indicative of a reliable and responsible nonprofit organization.
This AI summary has been generated from information found on Charity Navigator.
Is Friends Academy legitimate?
Friends Academy is a legitimate nonprofit organization registered as a 501(c)(3) entity. Friends Academy submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $1,018,427
Professional Fundraising Fees: $0
Other Salaries and Wages: $15,101,690
For more financial information, click here
Official website here: www.fa.org
What is the mission statement of Friends Academy?
Friends Academy is dedicated to operating an independent elementary and secondary educational institution. Rooted in Quaker principles, the academy fosters students' growth to realize their full potential. Through the pursuit of educational excellence and adherence to high learning standards, Friends Academy empowers students to question, reflect, and engage in their classrooms and beyond. The diverse and inclusive community is fortified by Quaker values, enabling students to explore, think deeply, and contribute meaningfully. By inspiring students to learn and live with purpose, Friends Academy helps them achieve greatness while upholding goodness.
Official website here: www.fa.org
Who is the CEO of Friends Academy?
Andrea Kelly is the Head Of School of Friends Academy.
Official website here: www.fa.org
What is the revenue of Friends Academy?
Friends Academy's revenue in 2022 was $33,637,084.
Official website here: www.fa.org
Who are the executives of Friends Academy and what are their salaries?
The average compensation at Friends Academy during 2022 was $47,135. There are 342 employees and 215 volunteers at Friends Academy.
Here are 25 key members and their salaries:
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- Other: $10,186
Official website here: www.fa.org
Where can I find the form 990 for Friends Academy?
Friends Academy's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.fa.org
Learn more at the official website: www.fa.org
Mission Statement of Friends Academy
Friends Academy, a Quaker-principled educational institution, is dedicated to nurturing students and helping them discover their best selves. Through a commitment to academic excellence and the highest learning standards, Friends Academy empowers its students to question, reflect, and engage with their surroundings, both in and out of the classroom. The diverse and inclusive community at Friends Academy is strengthened by the Quaker values that inspire students to learn and live with purpose, enabling them to achieve greatness without compromising goodness.
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Impact
October, 2024
Friends Academy profoundly shapes the lives of its students by fostering a holistic educational environment that emphasizes academic excellence, character development, and social responsibility. Guided by Quaker principles, the academy recognizes the inherent worth and potential of every student, enabling them to discover and cultivate their unique voices and abilities.
The academic program encourages students to engage deeply with their learning while providing ample opportunities for community service. This focus instills the belief that individuals can effect meaningful change in the world. Friends Academy's approach integrates leadership and civic responsibility alongside rigorous college preparation, creating pathways for students to not only succeed academically but also contribute positively to society.
During the 2021-2022 school year, 705 students experienced this enriching educational journey within a diverse and welcoming community. The academy nurtures an environment where inquiry, reflection, and engagement are paramount, empowering students to learn and live with purpose. In doing so, Friends Academy equips its graduates to achieve personal greatness while upholding values of goodness, thereby making a significant impact on their communities and beyond.
This information is meant to be a general summary of Friends Academy. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $1,394,558
- Program Service Revenue: $28,433,081
- Gross Receipts: $37,326,533
Assets and Liabilities:
- Total Assets: $106,966,643
- Total Liabilities: $15,387,898
- Net Assets: $91,578,745
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TUITION AND FEES
Revenue
$26,785,340
AUXILIARY SERVICES
Revenue
$850,807
SUMMER AND AFTERSCHOOL PROGRAMS
Revenue
$796,934
Organization Details
Founding Year
1877
Phone
(516) 676-0393Principal Officer
Andrea Kelly
Main Address
270 DUCK POND ROAD, LOCUST VALLEY, NY, 11560
Website
www.fa.orgNTEE Category
Code: B200 - Education
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