2026-03-31T12:05:50-04:00 2025-06-30 WithumSmithBrown PC ONE TOWER CENTER BLVD 14TH FL EAST BRUNSWICK NJ 08816 990 2024-07-01 272091277 The Friends of Foundation Academy Inc % DONALD HOFMANN FRIE 6099209200 363 W State St Trenton NJ 08618 Donald Hofmann Board Chair 6099209200 2026-05-15 true true Brad Caruso P01249134 7328281614 2024 2025-03-06 01:10:19Z Donald Hofmann 363 W State St Trenton NJ 08618 3345250 false X WWW.FOUNDATIONACADEMIES.ORG X 2010 NJ To support, enhance and promote the work of Foundation Academies by raising funds and delivering services, programs, and partnerships that equitably serve the best interests of our school community. 7 7 0 7 0 417270 843769 785176 779793 106329 1082132 0 4706 1308775 2710400 85501 62474 0 0 0 0 0 0 115736 1164436 2283194 1249937 2345668 58838 364732 17294993 81942860 14424970 78716091 2870023 3226769 X THE FRIENDS OF FOUNDATION ACADEMIES SUPPORTS, ENHANCES, AND PROMOTES THE WORK OF FOUNDATION ACADEMIES BY RAISING FUNDS AND DELIVERING SERVICES, PROGRAMS, AND PARTNERSHIPS THAT EQUITABLY SERVE THE BEST INTERESTS OF OUR SCHOOL COMMUNITY. false false 954477 779793 Under NJ law, charter schools may not build facilities with public funds. To expand and improve our high school facilities, the Friends of Foundation Academies purchased the neighboring vacant Holy Cross rectory site and spent the better part of the 2018-19 school year constructing a new 10,217 square foot addition in the city's south ward. The existing school building received a complete HVAC, electrical, and interior upgrade. The Friends of FA proudly owns and maintains the high school campus and leases it back to the school. 62474 62474 Throughout college, there are several crucial moments that can put a student at risk of leaving school. The purpose of the Friends of Foundation Academy Knight Fund is to assist FAC alumni, currently enrolled in college or post-secondary institutions, in managing financial hardships that can hinder students from entering or persisting through their post-secondary schooling and careers. Through donations to the Friends of Foundation Academy, Inc, the Knight Fund provides awards, persistence grants and scholarships to deserving alumni. 943047 Funds raised by the Friends of FA help to fill the stark public funding gap between FA and our district counterparts. Support from donations to the Friends provides high-quality enrichment opportunities for students and drives the training, development, and celebration of our remarkable faculty. 1959998 true true false false false false false false false false true false true true false true true false false false false false false false false false false false true false true false false false false false false false false false false true false false false false false false false false true 16 0 true 0 false false false false false false false false false false false false X 7 7 false false false false false false false true true false false true true true true true true false false false NJ X X DONALD HOFMANN 6099209200 363 W STATE ST TRENTON NJ 08618 X Donald Hofmann Chair 4.0 0.0 X X 0 0 0 Anthony Klockenbrink Vice-Chair 4.0 0.0 X X 0 0 0 Betsy Rendall Secretary 4.0 0.0 X X 0 0 0 Jacqueline Griffith Treasurer 4.0 0.0 X X 0 0 0 Dr Fitzroy Dawkins Board Member 1.0 0.0 X 0 0 0 Jorgen Bundgaard Hansen Board Member 1.0 0.0 X 0 0 0 Tamara Franklin Board Member 1.0 0.0 X 0 0 0 0 0 0 0 false false false Farewell Architects LLC 759 State Road PRINCETON NJ 08540 Const. planning 2043325 Intech Construction 3020 Market Street PHILADELPHIA PA 19104 Construction 489134 Dynamic Engineering 1904 Main Street LAKE COMO NJ 07719 Engineer Consulting 222419 Mercadian PC 3625 Quakerbridge Road HAMILTON NJ 08619 Accounting Serv. 115378 4 843769 31159 843769 RENTAL INCOME 531120 779793 779793 779793 1081886 1081886 0 0 0 0 0 635096 634850 246 246 246 0 0 0 0 0 0 0 0 0 MISCELLANEOUS REVENUE 900099 4706 4706 4706 2710400 779793 1086838 0 62474 62474 0 0 0 0 0 0 0 0 0 5500 5500 137365 137365 0 0 13300 13300 154475 46597 46717 61161 44577 1000 170 43407 55189 5847 38887 10455 0 0 0 40064 28159 11192 713 0 0 677461 658952 18509 0 0 14571 14571 STUDENT ENRICHMENT 943335 943047 288 RECRUITMENT 197357 193851 3506 2345668 1959998 269934 115736 X 241619 876952 130562 408508 43693 48693 0 0 0 0 0 0 0 0 0 0 15735 16931 18804625 1120224 18804625 639318 39006 0 0 13447264 13275538 0 0 1656578 48472607 17294993 81942860 896765 5448904 200826 195414 0 73224 13327379 72848549 0 0 0 0 0 150000 0 0 0 0 14424970 78716091 X 2633042 3107869 236981 118900 2870023 3226769 17294993 81942860 364732 -7986 X false true X true false X 424101 433554 617692 417270 843769 2736386 0 0 424101 433554 617692 417270 843769 2736386 595673 2140713 2229 776 42024 106271 1081886 1233186 0 0 0 0 0 4706 4706 3974278 3950018 0.53864 0.68346 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 18804625 18804625 18804625 LEASE RECEIVABLE 13125737 C DEFERRED GAIN/LEASE 149801 C 13275538 RESTRICTED CASH 48472607 48472607 0 0 X 2778873 -7986 76459 68473 2710400 2710400 2422127 76459 76459 2345668 2345668 Form 990, Schedule D, Part X, Line 2: The Organization is exempt from federal income tax under Section 501(c)(3) of the United States Internal Revenue Code and exempt from state income taxes under state law, and no provision for such income tax has been reflected in the accompanying financial statements. The Organization has evaluated uncertain tax positions with respect to its operations and concluded there are no such positions at June 30, 2025 and 2024.The Organization did not recognize any tax-related interest or penalties during the period presented in these financial statements. true SCHOLARSHIPS 48 62474 Book value Scholarships Pt I Line 2: A COMMITTEE REVIEWS AND SELECTS SCHOLARSHIP RECIPIENTS. A STUDENT IDENTIFICATION NUMBER AND PROOF OF ENROLLMENT IN TECHNICAL COLLEGE, COMMUNITY COLLEGE, OR UNIVERSITY ARE REQUIRED BEFORE FUNDING IS REMITTED TO THE INSTITUTION FOR THE BENEFIT OF THE STUDENT.EMERGENCY FUNDING IS AWARDED BASED ON A VALID NEED. A NJ ECONOMIC DEVELOPMENT AUTHORITY 222045817 645912EH5 2018-07-25 13926006 FUND CAPITAL PROJECT false false false B Public Finance Authority 273866124 744396KH4 2024-12-12 60904127 FUND CAPITAL PROJECT false false false A 505000 0 13926006 1052281 732376 0 261300 0 0 12067389 0 0 2020 false false true true B 0 0 55761419 3924625 1672084 0 1218083 0 0 52701902 1387432 0 false false true true A false false false false 0 false false false true B false false false false 0 false false false true A false true false false 0 false 0 false true B false true false false 0 false 0 false true A true B true X 2 31159 false false false Form 990, Schedule M, Part I - line 9(b) The amount reflected on Line 9(b) represents the number of contributors. Form 990, Part VI, Line 11b: THE BOARD OF DIRECTORS IS GIVEN A DRAFT COPY OF THE 990 AS PREPARED BY OUR AUDITING AND TAX PREPARATION FIRM PRIOR TO THE BOARD MEETING WHERE IT IS TO BE DISCUSSED. THE DRAFT COPY IS EITHER EMAILED (PASSWORD PROTECTED) OR VIA REGULAR MAIL, DEPENDING ON THE PREFERENCE OF EACH BOARD MEMBER. THE 990 IS PRESENTED AT THE BOARD MEETING, EITHER BY A REPRESENTATIVE OF THE TAX PREPARATION FIRM, OR THE ORGANIZATION'S EXECUTIVE DIRECTOR. BOARD MEMBERS ARE GIVEN THE OPPORTUNITY TO ASK QUESTIONS OR REQUEST MORE DETAIL ON ANY ISSUES THAT THEY ARE UNCLEAR ABOUT, BOTH PRIOR TO THE MEETING AND DURING THE MEETING. A final 990 is then provided to all board members prior to filing with the IRS. Form 990, Part VI, Line 12c: EACH BOARD MEMBER IDENTIFIES CONFLICTS OF INTEREST ON AN ANNUAL BASIS IN WRITING. BOARD MEMBERS ARE REMINDED OF ANY CONFLICTS OF INTEREST PRIOR TO VOTING ON ISSUES AND ASKED TO RECUSE THEMSELVES IN THE EVENT THEY ARE NOT INDEPENDENT. Form 990, Part VI, Line 18: THE ORGANIZATION MAKES THEIR 990 AND FORM 1023 AVAILABLE TO THE PUBLIC UPON REQUEST. ONCE COMPLETE, THE ORGANIZATION UPLOADS THEIR 990 TO GUIDESTAR. Form 990, Part VI, Line 19: In addition to publishing via GuideStar, THE ORGANIZATION MAKES THEIR GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.