Better Business Bureau Report for
Friends School

Better Business Bureau Report issued July 2016
Better Business Bureau Report expires July 2018


This BBB Accredited charity meets all 20 Standards for Charity Accountability. Find out more...


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Charity Contact Information

Name: Friends School
Address: 901 Breckenridge Lane
  Louisville, KY 40207
Phone: 502-899-1822
Web Address: www.friendsschoollouisville.org
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Better Business Bureau Comments

Year, State Incorporated: 1992, Kentucky
Affiliates: None
Stated Purpose: Friends School is a nonprofit, nonsectarian, family cooperative school. Our mission is to provide experiential, noncompetitive, child-centered educational opportunities where individual differences are respected and celebrated, and where children with special needs are welcomed. Friends School accomplishes this mission by: • Providing a nurturing, caring, and loving learning environment. • Valuing the uniqueness of each child. • Teaching tolerance, kindness and understanding as well as good citizenship and social values. • Requiring family involvement. • Providing classes with a low student-teacher ratio to help meet individual needs. • Providing a highly individualized, developmentally appropriate program aimed at the whole child.

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Evaluation Conclusions

              

Friends School meets the 20 Standards for Charity Accountability.
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Programs

              

Friends School serves a diverse population of learners in an inclusive setting. About 60% of our students have identified special needs, including autism, ADHD, learning disabilities, Down Syndrome, Cerebral Palsy, anxiety, emotional and behavioral disorders, and other developmental delays. Unlike other schools who segregate students with special needs into self-contained classrooms, Friends School educates students of all abilities in all grades and classrooms. All children and families are welcome at Friends School and we recognize that every single person has something valuable to contribute to our community. Serving students ages 12 months through 8th grade, Friends School provides a challenging academic, social, and behavioral program aimed at the whole child. With small class sizes (our largest is 14 students with a teacher and an assistant), highly educated and experienced teachers and special needs professionals, and a commitment to meeting each child’s individual needs, Friends School is a truly unique learning community.

For the fiscal year ended June 30, 2015, Friends School's program expenses were:

  
Childhood educational programs 861,800
Total Program Expenses: $861,800
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Governance

              

Chief Executive : Kristina Davis Christensen, Head of School
Compensation*: 

Chair of the Board: Chad McCauley
Chair's Profession / Business Affiliation: Merrell Lynch - Financial Advisor

Board Size: 8

Paid Staff Size: 36

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Fund Raising

              

Method(s) Used:

Invitations to fund raising events, grant proposals, cause-related marketing
Fund raising costs were 15% of related contributions. (Related contributions, which totaled $311,565, are donations received as a result of fund raising activities.)
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Tax Status

              

This organization is tax-exempt under section 501(c)(3) of the Internal Revenue Code. It is eligible to receive contributions deductible as charitable donations for federal income tax purposes.
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Financial

              

The following information is based on Friends School's audited financial statements for the fiscal year ended June 30, 2015.

Ending net assets as reported below include $90,451 in unrestricted net assets and $13,580 in temporarily restricted net assets.

Total assets as reported include $94,451 invested in property, buildings, and equipment, net.



Source of Funds  
Tuition 909,611
Fundraising and donations 242,843
Grants 66,726
Registration fees 22,786
Other 4,710
Annual/Capital Campaign 1,996
Total Income $1,248,672


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Uses of Funds as a % of Total Expenses

Programs: 71%  Fund Raising: 4%  Administrative: 25% 

Total income $1,248,672
Program expenses $861,800
Fund raising expenses 46,041
Administrative expenses 299,787
Total expenses $1,207,628
Income in Excess of Expenses 41,044
Beginning net assets 43,728
Other Changes in Net Assets 19,259
Ending net assets 104,031
Total liabilities 186,720
Total assets $290,751


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An organization may change its practices at any time without notice. A copy of this report has been shared with the organization prior to publication. It is not intended to recommend or deprecate, and is furnished solely to assist you in exercising your own judgment. If the report is about a charity and states the charity meets or does not meet the BBB Standards for Charity Accountability, it reflects the results of an evaluation of information and materials provided voluntarily by the charity. The name Better Business Bureau is a registered service mark of the Council of Better Business Bureaus, Inc.

This report is not to be used for fund raising or promotional purposes.

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