Friends School INC

Tax-deductible

Boulder, CO501(c)(3)EducationEIN 84-1087693

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Friends' School is a supportive, dynamic community committed to educating the whole child head, hand, and heart and to training exceptional teachers for tomorrow's classrooms. We provide a strong academic foundation while developing creative expression and nurturing a passion for learning. Our students gain a deep understanding of themselves and are inspired to act with compassion and integrity.

501(c)(3) charity; gifts are tax-deductible.
73¢ of each $1 spent went to programs.
Run by 70 volunteers.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2025 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
1 of 6
filings with a surplus
Average deficit $331K a year · 7% of revenue · last 6 filings
Concern: a surplus in 1 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
73%
of spending
Fine: 73% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$491K
to officers and key staff · 9% of spending
Top officer’s pay higher than 91% of similar orgs
Looks good: pay to officers and key staff is 9% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
3 mo
of spending, in cash
Looks good: 3.0 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
4
named funders · $61K
Looks good: 4 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$3.6M
50% of total assets
Looks good: liabilities are 50% of assets; 50% or less.
Pt X · Ln 26
Independent board members
9
of 9 voting members
Looks good: 9 of 9 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$4.4M
-7% vs prior year
Spent
$5.2M
To programs
73%
Net assets
$3.6M
By yearFY2020–FY2025
Revenue
$4.4M
FY2025▼ -7%
Revenue by fiscal year
FY2020$3.8M
FY2021$4.3M
FY2022$5.8M
FY2023$4.7M
FY2024$4.8M
FY2025$4.4M
Expenses
$5.2M
FY2025▼ -3%
Expenses by fiscal year
FY2020$4.0M
FY2021$4.6M
FY2022$5.5M
FY2023$5.1M
FY2024$5.4M
FY2025$5.2M
Net assets
$3.6M
FY2025▼ -13%
Net assets by fiscal year
FY2020$4.6M
FY2021$4.6M
FY2022$4.7M
FY2023$4.5M
FY2024$4.1M
FY2025$3.6M

From the FY2025 Form 990 (year ending June 2025) · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jan 1991.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

73 cents of each dollar spent went to programs.

Program services 73% · $3.8M Management & general 25% · $1.3M Fundraising 2% · $110K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

13 people listed on the 990; $491K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
Head of Scho
$249,039Pt VII · Sec A
Director of
$135,306Pt VII · Sec A
School Progr
$106,428Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Trustee
$0Pt VII · Sec A

Honor Taft’s $249K as Head of Scho is at the 91st percentile of top reported officer pay among 3395 $1–10M education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 6 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Honor Taft$249,039$236,488$231,934$205,784$180,000$175,000
Heidi Halpern$135,306$130,328$115,660$9,538——
Ivan Fink Johnson$106,428—————
Liz Eckstein————$102,947—
Jessie Vanden Hogen—————$73,891
Shelby Pawlina—————$66,771

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Educates children and trains teachers with a focus on academics, creativity, and compassionate action.

Provided by the organization

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2 program services account for $3.8M of program spending, described in the organization's own filed words · FY2024.
01

Educational

Friends school offers an independent, nonsectarian progressive program for children in preschool through grade eight. We are leaders in social and emotional learning with a focus on mindfulness practices at all levels.

$3.4Mprogram expense
02

Teacher Candidates

Friends school offers a unique teacher preparation program to aspiring teachers by providing them with practical classroom teaching experience and coursework that enables them to attain a colorado initial teacher license, as well as a master's degree in education in partnership with the university of colorado denver.

$378Kprogram expense

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Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2024
See all 4 funders →

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$4.4M
Ln 12
Fees for servicesLn 2g$3.9M
Gifts and grantsLn 1h$566K
Other incomeLn 4–11$13K
Money outPt IX
$5.2M
Ln 25
Programscol B$3.8M
Managementcol C$1.3M
Fundraisingcol D$110K
Owns and owesPt X
$3.6M
net assets · Ln 32
Cash and savingsLn 1–2$1.3M
Total assetsLn 16$7.2M
LiabilitiesLn 26$3.6M
PeoplePt VI, VII
13
listed · VII A
PaidVII A3
Voting boardVI 1a9
IndependentVI 1b9
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$566K
Government grantsLn 1e$267K
Fundraising eventsLn 1c$94K
Fees for servicesLn 2g$3.9M
Investment incomeLn 3$444
Other incomeLn 4–11$13K
Gains on assetsLn 7−$30K
Total revenueLn 12$4.4M
Assets in detailPt X, end of year
CashLn 1$147K
SavingsLn 2$1.1M
Cash and savings togetherLn 1–2$1.3M
InvestmentsLn 11–13$2.3M
Land, buildings, equipmentLn 10c$3.5M
Total assetsLn 16$7.2M
LiabilitiesLn 26$3.6M
Net assetsLn 32$3.6M
OperationsPt I, VI
EmployeesI 50
VolunteersI 670
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$1.9M$1.3M
InvestmentsLn 11–13$2.2M$2.3M
Land, buildings, equipmentLn 10c$3.7M$3.5M
Total assetsLn 16$7.9M$7.2M
LiabilitiesLn 26$3.8M$3.6M
Net assetsLn 32$4.1M$3.6M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$497K$174K$297K$26K
Other salaries and wagesLn 7$2.5M$1.9M$548K$65K
Pension plan contributionsLn 8$95K$64K$30K$949
Other employee benefitsLn 9$232K$155K$74K$2K
Payroll taxesLn 10$291K$207K$76K$9K
Legal feesLn 11b$11K$11K
Accounting feesLn 11c$18K$18K
Other fees for servicesLn 11g$268K$239K$30K
Advertising and promotionLn 12$49K$49K
Office expensesLn 13$19K$14K$4K$374
Information technologyLn 14$94K$83K$9K$936
OccupancyLn 16$217K$206K$11K
TravelLn 17$4K$2K$2K
InterestLn 20$76K$76K
Depreciation, depletion and amortizationLn 22$177K$165K$12K
InsuranceLn 23$126K$119K$8K
Other expenses (24a–d)Ln 24$359K$338K$19K$2K
All other expensesLn 24e$156K$87K$64K$4K
Total functional expensesLn 25$5.2M$3.8M$1.3M$110K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $4.4M$5.2M−$771K$3.6M 990 PDF
FY2024 $4.8M$5.4M−$587K$4.1M 990 PDF
FY2023 $4.7M$5.1M−$332K$4.5M 990 PDF
FY2022 $5.8M$5.5M$209K$4.7M 990 PDF
FY2021 $4.3M$4.6M−$261K$4.6M 990 PDF
FY2020 $3.8M$4.0M−$246K$4.6M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2025 990 (4 parts)
Part VIII · Statement of revenue $4,438,086 across 10 lines filed
VIII-1c Fundraising events$93,629
VIII-1e Government grants$266,932
VIII-1f All other contributions, gifts and grants$205,905
VIII-1h Total contributions, gifts and grants$566,466
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $3,857,774$3,857,774
VIII-3 Investment incomeExcluded from tax $30,462$30,462
VIII-7 Net gain or loss on sales of assetsRelated to mission −$30,018−$30,018
VIII-8 Net income from fundraising events−$21,708
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $35,110$35,110
VIII-12 Total revenueRelated to mission $3,827,756 · Excluded from tax $65,572$4,438,086
Part IX · Statement of functional expenses $5,209,122 across 18 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $174,283 · Management $296,835 · Fundraising $25,748$496,866
IX-7 Other salaries and wagesPrograms $1,907,758 · Management $548,051 · Fundraising $64,776$2,520,585
IX-8 Pension plan contributionsPrograms $63,594 · Management $30,374 · Fundraising $949$94,917
IX-9 Other employee benefitsPrograms $155,149 · Management $74,100 · Fundraising $2,316$231,565
IX-10 Payroll taxesPrograms $206,847 · Management $75,747 · Fundraising $8,740$291,334
IX-11b Legal feesManagement $11,207$11,207
IX-11c Accounting feesManagement $17,886$17,886
IX-11g Other fees for servicesPrograms $238,678 · Management $29,500$268,178
IX-12 Advertising and promotionPrograms $49,231$49,231
IX-13 Office expensesPrograms $13,822 · Management $4,483 · Fundraising $374$18,679
IX-14 Information technologyPrograms $83,266 · Management $9,356 · Fundraising $936$93,558
IX-16 OccupancyPrograms $206,185 · Management $10,852$217,037
IX-17 TravelPrograms $1,565 · Management $2,348$3,913
IX-20 InterestManagement $75,925$75,925
IX-22 Depreciation, depletion and amortizationPrograms $164,767 · Management $12,402$177,169
IX-23 InsurancePrograms $118,815 · Management $7,584$126,399
IX-24 Other expenses (24a–d)Programs $338,214 · Management $19,000 · Fundraising $1,946$359,160
IX-24e All other expensesPrograms $87,272 · Management $63,969 · Fundraising $4,272$155,513
IX-25 Total functional expensesPrograms $3,809,446 · Management $1,289,619 · Fundraising $110,057$5,209,122
Part X · Balance sheet $7,185,897 assets, 14 lines filed
X-1 Cash, non-interest-bearingStart of year $265,191$146,999
X-2 Savings and temporary cash investmentsStart of year $1,595,841$1,139,911
X-4 Accounts receivableStart of year $65,174$7,331
X-9 Prepaid expenses and deferred chargesStart of year $23,356$28,405
X-10c Land, buildings and equipment, netStart of year $3,715,958$3,529,223
X-11 Publicly traded securitiesStart of year $2,221,326$2,334,028
X-16 Total assetsStart of year $7,928,556$7,185,897
X-17 Accounts payable and accrued expensesStart of year $285,173$314,481
X-19 Deferred revenueStart of year $1,905,417$1,717,029
X-26 Total liabilitiesStart of year $3,790,524$3,579,724
X-27 Net assets without donor restrictionsStart of year $1,811,733$1,223,958
X-28 Net assets with donor restrictionsStart of year $2,326,299$2,382,215
X-32 Total net assets or fund balancesStart of year $4,138,032$3,606,173
X-33 Total liabilities and net assetsStart of year $7,928,556$7,185,897
Part XI · Reconciliation of net assets $3,606,173 net assets at year end
XI-1 Total revenue$4,438,086
XI-2 Total expenses$5,209,122
XI-3 Revenue less expenses−$771,036
XI-4 Net assets at start of year$4,138,032
XI-5 Net unrealized gains (losses) on investments$179,141
XI-10 Net assets at end of year$3,606,173

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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