Friendship Academy Of Fine Arts Charter School in Minneapolis, Minnesota (MN)

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Friendship Academy Of Fine Arts Charter School
Employer Identification Number (EIN)311756049
Name of OrganizationFriendship Academy Of Fine Arts Charter School
In Care of NameEthel Norwood
Address2600 E 38th St, Minneapolis, MN 55406-3022
SubsectionEducational Organization
Ruling Date05/2001
DeductibilityContributions are deductible
FoundationSchool
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period06/2012
Assets$100,000 to $499,999
Income$1,000,000 to $4,999,999
Filing Requirement990 (all other) or 990EZ return
Asset Amount$420,182
Amount of Income$1,111,775
Form 990 Revenue Amount$1,111,775
National Taxonomy of Exempt Entities (NTEE)Educational Institutions and Related Activities:


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Amount of income in 2012: $1,111,775 (it was $1,208,428 in 2011)
This organization: 

 $1,111,775
Other organizations performing similar types of work: 

 $2,367,603

Assets in 2012: $420,182 (it was $525,414 in 2011)
This organization: 

 $420,182
Other organizations performing similar types of work: 

 $785,560

Financial snapshot ($)

Revenue for 2011

Functional expenses for 2011

Statements Regarding Other IRS Filings and Tax Compliance (for 2011)
Did the organization have unrelated business gross income of $1,000 or more during the year?No
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities $0
Gross income from members or shareholders$0
Gross income from other sources$0
Statement of Revenue (for 2011)
Total revenue$1,208,428
Contributions, Gifts, Grants and Other Similar Amounts$49,872
Program Service Revenue$1,157,923
Other Revenue
Investment income (including dividends, interest, and other similar amounts)$633
Income from investment of tax-exempt bond proceeds$0
Royalties$0
Net rental income$0
Net gain from sales of assets other than inventory$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous Revenue$0
Statement of Functional Expenses (for 2011)
Total functional expenses$1,199,180
Compensation of current officers, directors, trustees, and key employees$169,179
Other salaries and wages$354,595
Payroll taxes$30,576
Professional fundraising services$0
Other$644,830
Balance Sheet (for 2011)
Total assets$525,414
Total liabilities$103,586
Tax-exempt bond liabilities$0
Secured mortgages and notes payable to unrelated third parties$22,143
Unsecured notes and loans payable to unrelated third parties$0
Other$81,443
Total net assets or fund balances$421,828
Retained earnings, endowment, accumulated income, or other funds$0
Reason for Public Charity Status (for 2011)
The organization is not a private foundation because it is:A school described in section 170(b)(1)(A)(ii)
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Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1Green Dot Public Schools1149 S Hill Street Suite 600, Los Angeles, CA 90015-2212CA2001-09$109,775,840
2Kipp Inc10711 Kipp Way, Houston, TX 77099-2675TX1995-08$84,814,452
3Lee Charter Foundation Inc6245 N Federal Highway, Ft Lauderdale, FL 33308-1998FL2004-11$43,411,663
4Lighthouse Academies Of Indiana Inc1661 Worcester Road, Framingham, MA 01701MA2005-02$29,608,995
5Doral Academy Inc6340 Sunset Dr, Miami, FL 33143-4836FL2000-05$24,496,125
6Euphemia L Haynes Public Charter School Inc3600 Georgia Ave Nw, Washington, DC 20010-1621DC2004-04$22,160,143
7Hmong Academy1515 Brewster St, Saint Paul, MN 55108-2612MN2004-06$9,814,068
8North Shore Community School5926 Ryan Rd, Duluth, MN 55804-9672MN2001-10$3,293,080
9Main Street School Of Performing Arts1320 Main Street, Hopkins, MN 55343-7403MN2004-06$2,957,320
10Early Literacy Academy Incorporated924 19th Ave S, Minneapolis, MN 55404-2202MN2004-11$18
11Prairie Seeds Academy6200 W Broadway Ave, Brooklyn Park, MN 55428-2826MN2004-12$8,582,354
12Lionsgate Academy3420 Nevada Avenue North, Crystal, MN 55427-2187MN2009-01$6,814,588
13Eagle Ridge Academy7255 Flyin Clo Dr, Eden Prairie, MN 55344-3549MN2004-07$6,782,264
14Nova Classical Academy3129 81st St E, Inver Grove, MN 55076-4548MN2002-06$6,250,448
15Lakes International Language Academy246 11th Ave, Forest Lake, MN 55025-1883MN2004-08$5,252,276
16Minnesota International Middle Charter School277 12th Ave N, Minneapolis, MN 55401-1026MN2001-05$5,090,615
17Global Academy4065 Central Avenue Ne, Columbia Heights, MN 55421-2917MN2008-06$4,966,511
18Paideia Team Inc, Paipeia Academy7200 147th St W, Apple Valley, MN 55124-9008MN2005-08$4,226,749
19New Vision School Inc1800 2nd St Ne, Minneapolis, MN 55418-4306MN2002-10$4,213,498
20Dugsi Academy Charter School1091 Snelling Ave N, Saint Paul, MN 55108-2705MN2004-05$4,076,418
Number of organizations performing similar types of work
Alaska3
Arkansas9
Arizona175
California411
Colorado79
Connecticut10
District of Columbia40
Delaware12
Florida268
Georgia53
Hawaii5
Idaho36
Illinois33
Indiana55
Kansas2
Louisiana56
Massachusetts10
Maryland30
Maine4
Michigan19
Minnesota115
Missouri21
North Carolina54
Nebraska1
New Hampshire9
New Jersey43
New Mexico2
Nevada3
New York185
Ohio209
Oklahoma7
Oregon84
Pennsylvania113
Rhode Island10
South Carolina36
Tennessee34
Texas165
Utah69
Virginia2
Washington4
Wisconsin43
Wyoming3
Total2,522

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