Nonprofit · EIN 47-3782216
FRIENDS OF THE ACADEMY INC
Tax-exempt · HEMPSTEAD, NY 11550
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $1,376,574 | $1,595,582 | -$219,008 | $1,421,824 | $1,442,824 | -$21,000 |
| June 30, 2024 | 990 | $281,600 | $83,592 | $198,008 | $33,424,571 | $33,226,563 | $198,008 |
| June 30, 2023 | 990 | $0 | $0 | $0 | $4,616,368 | $4,616,368 | $0 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $0
- Investment income
- $157,907
- Net rental income
- $1,218,667
- Other revenue
- $1,218,667
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Legal fees
- $10,595
- Accounting fees
- $21,000
- Occupancy
- $40,705
- Depreciation
- $399,499
- Program services (functional)
- $1,551,690
- Management and general (functional)
- $43,892
Balance sheet and other
- Total assets, start of year
- $33,424,571
- Total assets, end of year
- $1,421,824
- Total liabilities, end of year
- $1,442,824
- Net assets, end of year
- -$21,000
- Land, buildings and equipment
- $1,421,824
- Net assets without donor restrictions
- -$21,000
- Gross receipts
- $1,376,574
- Employees
- 0
- Year formed
- 2015
- State of legal domicile
- NY
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| Felicia Barracks | Secretary Trustee or director, Officer | 1 | $0 | $182,106 | $26,118 |
| Janice Stewart | Board Chair Trustee or director, Officer | 1 | $0 | $0 | $0 |
| Joel Watson | Treasurer Trustee or director, Officer | 1 | $0 | $0 | $0 |
| Judith Garrick | Trustee Trustee or director | 1 | $0 | $0 | $0 |
| Dawn WIlliams | Trustee Trustee or director | 1 | $0 | $0 | $0 |
990 for the year ended June 30, 2024: 5 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Janice Stewart | Board Chair Trustee or director, Officer | 1 | $0 |
| Joel Watson | Treasurer Trustee or director, Officer | 1 | $0 |
| Felicia Barracks | Secretary Trustee or director, Officer | 1 | $0 |
| Judith Garrick | Trustee Trustee or director | 1 | $0 |
| Dawn WIlliams | Trustee Trustee or director | 1 | $0 |
990 for the year ended June 30, 2023: 5 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Janice Stewart | Board Chair Trustee or director, Officer | 1 | $0 |
| Joel Watson | Treasurer Trustee or director, Officer | 1 | $0 |
| Felicia Barracks | Secretary Trustee or director, Officer | 1 | $0 |
| Judith Garrick | Trustee Trustee or director | 1 | $0 |
| Dawn WIlliams | Trustee Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 117 N FRANKLIN ST, HEMPSTEAD, NY 11550-1314
- Mailing address (990-N for 2022)
- 117 N Franklin Street, Hempstead NY 11550
- Principal officer (990 for 2024)
- Janice Stewart, 117 N FRANKLIN STREET, HEMPSTEAD, NY 11550
- Principal officer (990-N for 2022)
- John C Williams, 329 Lenox Ave, Uniondale NY 11553
- Signed the 990
- Felicia Barracks, Secretary
- Phone
- (516) 408-2200
- Return prepared by
- NCHENG LLP CERTIFIED PUBLIC ACCOUNTANTS
Mission
The purpose of Friends is to create and support education enrichment programs geared to transforming under-served youth into well-rounded individuals who can make a sound contribution to society by raising funds and resources used to enhance the experience of every student in The Academy Charter School and The Academy Charter School 2.
Program accomplishments
- to create an education enrichment program for The Academy Charter School and The Academy Charter School 2, Friends has entered into a Development Planning Services Agreement (the "Development Agreement") in May of 2023. In accordance with the terms of the Development Agreement, Friends will be developing the New School Facility (construction and rehabilitation of a project) and upon completion to sublease the project to The Academy Charter School 2 to be used for the charter school educational purposes.Expenses $1,551,690
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 47-3782216
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2015
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B19)
- Assets (IRS master file)
- $1,421,824
- Income (IRS master file)
- $1,376,574
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $1,376,574 | $1,595,582 | $1,421,824 | IRS |
| 990 | June 2024 | $281,600 | $83,592 | $33,424,571 | IRS |
| 990 | June 2023 | $0 | $0 | $4,616,368 | XML |
| 990-N for 2022 Officer: John C Williams | December 31, 2022 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990-N for 2020 Officer: John C Williams | December 31, 2020 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990-N for 2019 Officer: John C Williams | December 31, 2019 | ≤ $50,000 receipts | – | – | e-Postcard |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 47-3782216).
Questions about FRIENDS OF THE ACADEMY INC
- What is the EIN of FRIENDS OF THE ACADEMY INC?
- The employer identification number (EIN) of FRIENDS OF THE ACADEMY INC is 47-3782216.
- Is FRIENDS OF THE ACADEMY INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2015.
- Are donations to FRIENDS OF THE ACADEMY INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does FRIENDS OF THE ACADEMY INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of FRIENDS OF THE ACADEMY INC due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did FRIENDS OF THE ACADEMY INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of FRIENDS OF THE ACADEMY INC?
- The 990 for the year ended June 30, 2025 names Janice Stewart.
- Who are the officers and directors of FRIENDS OF THE ACADEMY INC?
- The 990 for the year ended June 30, 2025 lists 5 people; 0 received compensation from the organization.
- How much revenue does FRIENDS OF THE ACADEMY INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $1,376,574, expenses of $1,595,582 and total assets of $1,421,824 at year end.
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