Overview

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Est.

2001

Fiscal Year Start

Jul 1

Organization Type

Grantseeker

AI Summary

Friendship Academy of the Arts is a nonprofit charter school focused on providing education that empowers children to become confident, creative, and competent citizens. With an operating budget of $4.6 million and total revenue of $5.4 million for the 2024 filing year, the organization emphasizes arts education across various disciplines, including dance, music, theater, literature, media, and visual arts. The academy does not rely on a single funder for 50% or more of its revenue, ensuring a diverse funding base for its mission. For more information, visit www.friendshipacademy.org.

Mission Statement

TO EDUCATE CHILDREN TO BE CONFIDENT, CREATIVE, AND COMPETENT CITIZENS. LEARNERS ARE EMPOWERED TO FIND MEANING AND UNDERSTANDING THROUGH ARTS, WHICH INCLUDE DANCE, MUSIC, THEATER, LITERATURE, MEDIA, AND VISUAL.
Revenues
$5.4M
Expenses
$4.6M
Net Income:
+$801.2K
Assets
$2.7M
Liabilities
$3.3M
Net Assets:
-$641.7K
Operating Budget
$4.6M
Operating Budget by Year

Due Diligence

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Charity Verification Snapshot
IRS EO Business Master File Status
Listed as tax-exempt
IRS Pub 78 Status
Eligible for tax-deductible gifts
IRS Revocation Status
Not in Automatic Revocation of Exemption List
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Total No. of Grants
2
Median grant size
$25.5K
Largest grant received
$50K
J
Janice Philips
Board Member
A
Ananysia R Joseph
Board Member
W
Wendy Hines
Board Member

Frequently Asked Questions

What is FRIENDSHIP ACADEMY OF THE ARTS’s budget?
In 2024, FRIENDSHIP ACADEMY OF THE ARTS reported an annual operating budget of around $4.6 million. More detailed financial information is available to registered users.
What causes does FRIENDSHIP ACADEMY OF THE ARTS support?
FRIENDSHIP ACADEMY OF THE ARTS supports work in Charter school education.
Where does FRIENDSHIP ACADEMY OF THE ARTS operate?
FRIENDSHIP ACADEMY OF THE ARTS is headquartered in MINNEAPOLIS, MN.
Who funded FRIENDSHIP ACADEMY OF THE ARTS recently?
In 2024, FRIENDSHIP ACADEMY OF THE ARTS received grants from JOHN AND DENISE GRAVES FOUNDATION, SIT INVESTMENT ASSOCIATES FOUNDATION, and CHILDREN'S DEFENSE FUND. More information on this organization’s funders is available to registered users.
What is the largest grant FRIENDSHIP ACADEMY OF THE ARTS received in 2024?
The largest grant to FRIENDSHIP ACADEMY OF THE ARTS in 2024 exceeds $50 thousand.
What is FRIENDSHIP ACADEMY OF THE ARTS’s reliance on government grants?
FRIENDSHIP ACADEMY OF THE ARTS relied on government grants for more than 95% of their total revenue in 2024.