FRIENDSHIP EDUCATION FOUNDATION: Form 990PF, tax year 2023
View the entire original 990 at ProPublica ↗
- Organization
- FRIENDSHIP EDUCATION FOUNDATION (EIN 46-4655147)
- Tax period
- 2023-07-01 to 2024-06-30
- Filed
- 2025-05-15
- IRS object ID
- 202501359349105055
- Schema version
- 2023v6.0
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
- Return header
- Form 990-PF
- Schedule B
- Accounting Fees Schedule
- Depreciation Schedule
- Gain Loss Sale Other Assets Sch
- Land Etc Schedule2
- Legal Fees Schedule
- Mortgages And Notes Payable Sch
- Other Assets Schedule
- Other Expenses Schedule
- Other Income Schedule2
- Other Liabilities Schedule
- Other Professional Fees Schedule
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2025-05-15T13:48:36-07:00 | ReturnTs |
| Tax Period End | 2024-06-30 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 521861549 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | ANDERSON DAVIS & ASSOCIATES CPA PA | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1406 B SOUTH CRAIN HWY 204 | AddressLine1Txt |
| City | GLEN BURNIE | CityNm |
| State Abbreviation | MD | StateAbbreviationCd |
| ZIP | 21061 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990PF | ReturnTypeCd |
| Tax Period Begin | 2023-07-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 464655147 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | FRIENDSHIP EDUCATION FOUNDATION | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | FRIE | BusinessNameControlTxt |
| Phone | 2022811700 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1351 NICHOLSON ST NW | AddressLine1Txt |
| City | WASHINGTON | CityNm |
| State Abbreviation | DC | StateAbbreviationCd |
| ZIP | 20011 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | JOE HARRIS III | PersonNm |
| Person Title | CHIEF OPERATING OFFICER | PersonTitleTxt |
| Phone | 2022811700 | PhoneNum |
| Signature | 2025-05-15 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRS Responsible Prty Info Curr | Yes (true) | IRSResponsiblePrtyInfoCurrInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | BENJAMIN M YUST CPA | PreparerPersonNm |
| PTIN | P00847883 | PTIN |
| Phone | 4107662645 | PhoneNum |
| Preparation | 2025-05-15 | PreparationDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2023 | TaxYr |
| Build TS | 2025-03-06 01:10:19Z | BuildTS |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Initial Return Former Pub Chrty | Yes (X) | InitialReturnFormerPubChrtyInd |
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| FMV Assets EOY | $2,256,144 | FMVAssetsEOYAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contri Rcvd Rev And Expnss | $1,808,095 | ContriRcvdRevAndExpnssAmt |
| Interest On Sav Rev And Expnss | $108 | InterestOnSavRevAndExpnssAmt |
| Interest On Sav Net Invst Incm | $108 | InterestOnSavNetInvstIncmAmt |
| Gross Rents Rev And Expnss | $559,816 | GrossRentsRevAndExpnssAmt |
| Gross Rents Net Invst Incm | $559,816 | GrossRentsNetInvstIncmAmt |
| Net Gain Sale Ast Rev And Expnss | $444,374 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $18,313,645 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $444,374 | CapGainNetIncmNetInvstIncmAmt |
| Net ST Capital Gain Adj Net Incm | $0 | NetSTCapitalGainAdjNetIncmAmt |
| Gross Profit Rev And Expnss | $0 | GrossProfitRevAndExpnssAmt |
| Other Income Rev And Expnss | $488,670 | OtherIncomeRevAndExpnssAmt |
| Other Income Net Invst Incm | $488,670 | OtherIncomeNetInvstIncmAmt |
| Total Rev And Expnss | $3,301,063 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $1,492,968 | TotalNetInvstIncmAmt |
| Total Adj Net Incm | $0 | TotalAdjNetIncmAmt |
| Comp Ofcr Dir Trst Rev And Expnss | $441,031 | CompOfcrDirTrstRevAndExpnssAmt |
| Comp Ofcr Dir Trst Net Invst Incm | $264,619 | CompOfcrDirTrstNetInvstIncmAmt |
| Comp Ofcr Dir Trst Adj Net Incm | $176,412 | CompOfcrDirTrstAdjNetIncmAmt |
| Oth Empl Slrs Wgs Rev And Expnss | $231,395 | OthEmplSlrsWgsRevAndExpnssAmt |
| Oth Empl Slrs Wgs Net Invst Incm | $138,837 | OthEmplSlrsWgsNetInvstIncmAmt |
| Oth Empl Slrs Wgs Adj Net Incm | $92,558 | OthEmplSlrsWgsAdjNetIncmAmt |
| Pension Empl Bnft Rev And Expnss | $76,916 | PensionEmplBnftRevAndExpnssAmt |
| Pension Empl Bnft Net Invst Incm | $46,150 | PensionEmplBnftNetInvstIncmAmt |
| Pension Empl Bnft Adj Net Incm | $30,766 | PensionEmplBnftAdjNetIncmAmt |
| Legal Fees Rev And Expnss | $42,775 | LegalFeesRevAndExpnssAmt |
| Legal Fees Adj Net Incm | $42,775 | LegalFeesAdjNetIncmAmt |
| Accounting Fees Rev And Expnss | $22,298 | AccountingFeesRevAndExpnssAmt |
| Accounting Fees Adj Net Incm | $22,298 | AccountingFeesAdjNetIncmAmt |
| Other Prof Fees Rev And Expnss | $270,231 | OtherProfFeesRevAndExpnssAmt |
| Other Prof Fees Net Invst Incm | $58,500 | OtherProfFeesNetInvstIncmAmt |
| Other Prof Fees Adj Net Incm | $4,471 | OtherProfFeesAdjNetIncmAmt |
| Other Prof Fees Dsbrs Chrtbl | $207,260 | OtherProfFeesDsbrsChrtblAmt |
| Interest Rev And Expnss | $79,665 | InterestRevAndExpnssAmt |
| Interest Net Invst Incm | $79,665 | InterestNetInvstIncmAmt |
| Taxes Rev And Expnss | $14,830 | TaxesRevAndExpnssAmt |
| Taxes Adj Net Incm | $5,932 | TaxesAdjNetIncmAmt |
| Taxes Dsbrs Chrtbl | $8,898 | TaxesDsbrsChrtblAmt |
| Deprec And Dpltn Rev And Expnss | $213,516 | DeprecAndDpltnRevAndExpnssAmt |
| Deprec And Dpltn Net Invst Incm | $205,830 | DeprecAndDpltnNetInvstIncmAmt |
| Deprec And Dpltn Adj Net Incm | $7,686 | DeprecAndDpltnAdjNetIncmAmt |
| Occupancy Rev And Expnss | $843,722 | OccupancyRevAndExpnssAmt |
| Occupancy Net Invst Incm | $697,419 | OccupancyNetInvstIncmAmt |
| Occupancy Adj Net Incm | $73,151 | OccupancyAdjNetIncmAmt |
| Occupancy Dsbrs Chrtbl | $73,152 | OccupancyDsbrsChrtblAmt |
| Trav Conf Meeting Rev And Expnss | $156,168 | TravConfMeetingRevAndExpnssAmt |
| Trav Conf Meeting Adj Net Incm | $78,084 | TravConfMeetingAdjNetIncmAmt |
| Trav Conf Meeting Dsbrs Chrtbl | $78,084 | TravConfMeetingDsbrsChrtblAmt |
| Other Expenses Rev And Expnss | $780,883 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Net Invst Incm | $644,652 | OtherExpensesNetInvstIncmAmt |
| Other Expenses Adj Net Incm | $14,870 | OtherExpensesAdjNetIncmAmt |
| Other Expenses Dsbrs Chrtbl | $121,361 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $3,173,430 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $2,135,672 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Adj Net Incm | $549,003 | TotOprExpensesAdjNetIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $488,755 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $0 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $0 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $3,173,430 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $2,135,672 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Adj Net Incm | $549,003 | TotalExpensesAdjNetIncmAmt |
| Total Expenses Dsbrs Chrtbl | $488,755 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | $127,633 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $0 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $0 | AdjustedNetIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cash BOY | $1,335,211 | CashBOYAmt |
| Cash EOY | $437,090 | CashEOYAmt |
| Cash EOYFMV | $437,090 | CashEOYFMVAmt |
| Sav And Temp Cash Invst BOY | $266,706 | SavAndTempCashInvstBOYAmt |
| Sav And Temp Cash Invst EOY | $239,171 | SavAndTempCashInvstEOYAmt |
| Sav And Temp Cash Invst EOYFMV | $239,171 | SavAndTempCashInvstEOYFMVAmt |
| Acct Rcvbl | $172,769 | AcctRcvblAmt |
| Acct Rcvbl BOY | $212,217 | AcctRcvblBOYAmt |
| Acct Rcvbl EOY | $172,769 | AcctRcvblEOYAmt |
| Acct Rcvbl EOYFMV | $172,769 | AcctRcvblEOYFMVAmt |
| Rcvbl From Officers EOY | $0 | RcvblFromOfficersEOYAmt |
| Other Nts And Loans Rcvbl EOY | $0 | OtherNtsAndLoansRcvblEOYAmt |
| Land Bldg Investments EOY | $0 | LandBldgInvestmentsEOYAmt |
| Other Investments EOY | $0 | OtherInvestmentsEOYAmt |
| Land Bldg Equip Cost Or Other Bss | $1,451,161 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $645,769 | LandBldgEquipAccumDeprecAmt |
| Land BOY | $17,638,757 | LandBOYAmt |
| Land EOY | $805,392 | LandEOYAmt |
| Land EOYFMV | $805,392 | LandEOYFMVAmt |
| Other Assets BOY | $918,529 | OtherAssetsBOYAmt |
| Other Assets EOY | $601,722 | OtherAssetsEOYAmt |
| Other Assets EOYFMV | $601,722 | OtherAssetsEOYFMVAmt |
| Total Assets BOY | $20,371,420 | TotalAssetsBOYAmt |
| Total Assets EOY | $2,256,144 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $2,256,144 | TotalAssetsEOYFMVAmt |
| Accounts Payable BOY | $516,532 | AccountsPayableBOYAmt |
| Accounts Payable EOY | $156,475 | AccountsPayableEOYAmt |
| Loans From Officers EOY | $0 | LoansFromOfficersEOYAmt |
| Mortgages And Notes Payable BOY | $18,798,123 | MortgagesAndNotesPayableBOYAmt |
| Mortgages And Notes Payable EOY | $1,173,050 | MortgagesAndNotesPayableEOYAmt |
| Other Liabilities BOY | $915,695 | OtherLiabilitiesBOYAmt |
| Other Liabilities EOY | $657,916 | OtherLiabilitiesEOYAmt |
| Total Liabilities BOY | $20,230,350 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $1,987,441 | TotalLiabilitiesEOYAmt |
| Organization Follows FASB117 | Yes (X) | OrganizationFollowsFASB117Ind |
| No Donor Rstr Net Assests BOY | $122,556 | NoDonorRstrNetAssestsBOYAmt |
| No Donor Rstr Net Assests EOY | $187,833 | NoDonorRstrNetAssestsEOYAmt |
| Donor Rstr Net Assets BOY | $18,514 | DonorRstrNetAssetsBOYAmt |
| Donor Rstr Net Assets EOY | $80,870 | DonorRstrNetAssetsEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $141,070 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $268,703 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $20,371,420 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $2,256,144 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $141,070 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | $127,633 | ExcessRevenueOverExpensesAmt |
| Subtotal | $268,703 | SubtotalAmt |
| Tot Net Ast Or Fund Balances EOY | $268,703 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (3 entries)
| PropertyPropertyDesc | How AcquiredHowAcquiredCd | AcquiredAcquiredDt | SoldSoldDt | Gross Sales PriceGrossSalesPriceAmt | DepreciationDepreciationAmt | Cost Or Other BasisCostOrOtherBasisAmt | Gain Or LossGainOrLossAmt | FMV As Of123169FMVAsOf123169Amt | Adjusted Basis As Of123169AdjustedBasisAsOf123169Amt | Excess FMV Over Adjusted BssExcessFMVOverAdjustedBssAmt | Gains Minus Excess Or LossesGainsMinusExcessOrLossesAmt |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 3901 VIRGINIA DRIVE, NORTH LITTLE ROCK, AR 72118 | P | 2023-10-01 | 2023-10-01 | $0 | $0 | $763,796 | -$763,796 | $0 | $0 | $0 | -$763,796 |
| 700 S MAIN, PINE BLUFF, AR 76101 | P | 2022-09-01 | 2023-09-15 | $9,531,308 | $250,253 | $9,761,082 | $20,479 | $0 | $0 | $0 | $20,479 |
| 3911 S HAZEL STREET, PINE BLUFF, AR 71603 | P | 2019-09-01 | 2023-09-15 | $8,782,338 | $1,399,409 | $8,994,056 | $1,187,691 | $0 | $0 | $0 | $1,187,691 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | $444,374 | CapitalGainNetIncomeAmt |
| Net Short Term Capital Gain Loss | -$763,796 | NetShortTermCapitalGainLossAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $0 | InvestmentIncomeExciseTaxAmt |
| Tax Under Section511 | $0 | TaxUnderSection511Amt |
| Subtotal | $0 | SubtotalAmt |
| Subtitle A Tax | $0 | SubtitleATaxAmt |
| Tax Based On Investment Income | $0 | TaxBasedOnInvestmentIncomeAmt |
| Extsn Request Income Tax Paid | $0 | ExtsnRequestIncomeTaxPaidAmt |
| Total Payments And Credits | $0 | TotalPaymentsAndCreditsAmt |
| Tax Due | $0 | TaxDueAmt |
| Applied To ES Tax | $0 | AppliedToESTaxAmt |
Statements Regarding Acty StatementsRegardingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Legislative Political Acty | false | LegislativePoliticalActyInd |
| More Than100 Spent | false | MoreThan100SpentInd |
| Form1120 POL Filed | false | Form1120POLFiledInd |
| Activities Not Previously Rpt | false | ActivitiesNotPreviouslyRptInd |
| Changes To Articles Or Bylaws | false | ChangesToArticlesOrBylawsInd |
| Unrelated Bus Incm Over Limit | false | UnrelatedBusIncmOverLimitInd |
| Organization Dissolved Etc | false | OrganizationDissolvedEtcInd |
| Section508e Rqr Satisfied | Yes (true) | Section508eRqrSatisfiedInd |
| At Least5000 In Assets | Yes (true) | AtLeast5000InAssetsInd |
| Org Report Or Register State | DC | OrgReportOrRegisterStateCd |
| Form990 PF Filed With Atty Gen | Yes (true) | Form990PFFiledWithAttyGenInd |
| Private Operating Foundation | Yes (true) | PrivateOperatingFoundationInd |
| New Substantial Contributors | false | NewSubstantialContributorsInd |
| Own Controlled Entity | false | OwnControlledEntityInd |
| Donor Advised Fund | false | DonorAdvisedFundInd |
| Comply With Public Insp Rqr | Yes (true) | ComplyWithPublicInspRqrInd |
| Website Address | https://friendshipusa.org/ | WebsiteAddressTxt |
| Individual With Books | JOE HARRIS III | IndividualWithBooksNm |
| Phone | 2022811700 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1351 NICHOLSON ST NW | AddressLine1Txt |
| City | WASHINGTON | CityNm |
| State Abbreviation | DC | StateAbbreviationCd |
| ZIP | 20011 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Foreign Accounts Question | false | ForeignAccountsQuestionInd |
Statements Regarding Acty4720 StatementsRegardingActy4720Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sale Or Exch Disqualified Prsn | false | SaleOrExchDisqualifiedPrsnInd |
| Brrw Or Lend Disqualified Prsn | false | BrrwOrLendDisqualifiedPrsnInd |
| Furn Goods Disqualified Prsn | false | FurnGoodsDisqualifiedPrsnInd |
| Pay Comp Disqualified Prsn | false | PayCompDisqualifiedPrsnInd |
| Transfer Ast Disqualified Prsn | false | TransferAstDisqualifiedPrsnInd |
| Payment To Government Official | false | PaymentToGovernmentOfficialInd |
| Uncorrected Prior Acts | false | UncorrectedPriorActsInd |
| Undistributed Income PY | false | UndistributedIncomePYInd |
| Business Holdings | false | BusinessHoldingsInd |
| Jeopardy Investments | false | JeopardyInvestmentsInd |
| Uncorrected PY Jeopardy Invst | false | UncorrectedPYJeopardyInvstInd |
| Influence Legislation | false | InfluenceLegislationInd |
| Influence Election | false | InfluenceElectionInd |
| Grants To Individuals | false | GrantsToIndividualsInd |
| Grants To Organizations | false | GrantsToOrganizationsInd |
| Noncharitable Purpose | false | NoncharitablePurposeInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | false | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | false | PayPremiumsPrsnlBnftCntrctInd |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTransInd |
Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp
Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (6 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | TitleTitleTxt | Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt | CompensationCompensationAmt | Employee Benefit ProgramEmployeeBenefitProgramAmt | Expense Account Other AllwncExpenseAccountOtherAllwncAmt |
|---|---|---|---|---|---|---|---|---|
| DONALD HENSE | ||||||||
| 1351 NICHOLSON ST NW | WASHINGTON | DC | 20011 | CHAIRMAN | 4.00 | $81,525 | $0 | $0 |
| DARRIN GLYMPH | ||||||||
| 1351 NICHOLSON ST NW | WASHINGTON | DC | 20011 | MEMBER | 1.00 | $0 | $0 | $0 |
| GIL DELORME | ||||||||
| 1351 NICHOLSON ST NW | WASHINGTON | DC | 20011 | MEMBER | 1.00 | $0 | $0 | $0 |
| KENNETH CAMPBELL | ||||||||
| 1351 NICHOLSON ST NW | WASHINGTON | DC | 20011 | MEMBER | 1.00 | $0 | $0 | $0 |
| JOE H HARRIS III | ||||||||
| 1351 NICHOLSON ST NW | WASHINGTON | DC | 20011 | CEO | 40.00 | $194,608 | $14,380 | $0 |
| PHONG TRAN | ||||||||
| 1351 NICHOLSON ST NW | WASHINGTON | DC | 20011 | COO | 40.00 | $201,742 | $30,301 | $0 |
Compensation Highest Paid Empl CompensationHighestPaidEmplGrp (2 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | TitleTitleTxt | Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt | CompensationCompensationAmt | Employee BenefitsEmployeeBenefitsAmt | Expense AccountExpenseAccountAmt |
|---|---|---|---|---|---|---|---|---|
| KATRINA CEPHAS | ||||||||
| 1351 NICHOLSON ST NW | WASHINGTON | DC | 20011 | DIRECTOR OF FINANCE | 40.00 | $112,739 | $18,618 | $0 |
| CASSANDRA DYSON | ||||||||
| 1351 NICHOLSON ST NW | WASHINGTON | DC | 20011 | CHIEF ACADEMIC OFFIC | 40.00 | $82,200 | $0 | $0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Employee Paid Over50k | 0 | OtherEmployeePaidOver50kCnt |
Compensation Of Hghst Pd Cntrct CompensationOfHghstPdCntrctGrp (2 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | Service TypeServiceTypeTxt | CompensationCompensationAmt |
|---|---|---|---|---|---|
| HIGHER GLYPHS CONTENT GROUP LLC | |||||
| 1875 CONNECTICUT AVE NW | WASHINGTON | DC | 20009 | MEDIA CONSULTANT | $59,500 |
| MEADOWDALE LLC | |||||
| 1626 KALMIA RD NW | WASHINGTON | DC | 20012 | PROJECT MANAGER CONSULTANT | $56,400 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contractor Paid Over50k | 0 | ContractorPaidOver50kCnt |
Summary Of Direct Chrtbl Acty SummaryOfDirectChrtblActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description1 | TO PROVIDE SUPPORT TO EDUCATIONAL PROGRAMS AND INSTITUTIONS TO IMPROVE PERFORMANCE OF STUDENTS IN UNDERSERVED COMMUNITIES. | Description1Txt |
| Expenses1 | $488,755 | Expenses1Amt |
Sum Of Program Related Invst SumOfProgramRelatedInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description1 | NONE | Description1Txt |
| Expenses1 | $0 | Expenses1Amt |
| Total | $0 | TotalAmt |
Minimum Investment Return MinimumInvestmentReturnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Average Monthly FMV Of Sec | $0 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $678,059 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $0 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $678,059 | TotalFMVOfUnusedAssetsAmt |
| Reduction Claimed | $0 | ReductionClaimedAmt |
| Adjusted Total FMV Of Unused Ast | $678,059 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $10,171 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $667,888 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $33,394 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sect4942j3j5 Fndtn And Frgn Org | Yes (X) | Sect4942j3j5FndtnAndFrgnOrgInd |
| Distributable As Adjusted | $0 | DistributableAsAdjustedAmt |
PF Qualifying Distributions PFQualifyingDistributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $488,755 | ExpensesAndContributionsAmt |
| Program Related Invst Total | $0 | ProgramRelatedInvstTotalAmt |
| Qualifying Distributions | $488,755 | QualifyingDistributionsAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $0 | DistributableAsAdjustedAmt |
| Qualifying Distributions | $488,755 | QualifyingDistributionsAmt |
| Treated As Distri From Corpus | $0 | TreatedAsDistriFromCorpusAmt |
| Remaining Distri From Corpus | $488,755 | RemainingDistriFromCorpusAmt |
| Total Corpus | $488,755 | TotalCorpusAmt |
| Prior Year Undistributed Incm | $0 | PriorYearUndistributedIncmAmt |
| Taxable1 | $0 | Taxable1Amt |
| Taxable2 | $0 | Taxable2Amt |
| Undistributed Income CY | $0 | UndistributedIncomeCYAmt |
| Excess Distri Cyov From Yr5 | $0 | ExcessDistriCyovFromYr5Amt |
| Excess Distri Cyov To Next Yr | $488,755 | ExcessDistriCyovToNextYrAmt |
| Excess From Year4 | $0 | ExcessFromYear4Amt |
| Excess From Year3 | $0 | ExcessFromYear3Amt |
| Excess From Year2 | $0 | ExcessFromYear2Amt |
| Excess From Year1 | $0 | ExcessFromYear1Amt |
| Excess From Current Year | $488,755 | ExcessFromCurrentYearAmt |
Private Operating Foundations PrivateOperatingFoundationsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Section4942j3 | Yes (X) | Section4942j3Ind |
Lessor Adj Net Incm Min Invst Ret LessorAdjNetIncmMinInvstRetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year | $0 | CurrentYearAmt |
| Total | $0 | TotalAmt |
Qualifying Distributions QualifyingDistributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year | $488,755 | CurrentYearAmt |
| Total | $488,755 | TotalAmt |
Qualifying Distri Made Drt QualifyingDistriMadeDrtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year | $488,755 | CurrentYearAmt |
| Year1 | $0 | Year1Amt |
| Year2 | $0 | Year2Amt |
| Year3 | $0 | Year3Amt |
| Total | $488,755 | TotalAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year | $2,256,144 | CurrentYearAmt |
| Total | $2,256,144 | TotalAmt |
Total Assets Sect4942j3 Bi TotalAssetsSect4942j3BiGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year | $1,579,883 | CurrentYearAmt |
| Total | $1,579,883 | TotalAmt |
Supplementary Information SupplementaryInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Only Contri To Preselected | Yes (X) | OnlyContriToPreselectedInd |
Analysis Income Producing Acty AnalysisIncomeProducingActyGrp
Program Service Revenue Dtl ProgramServiceRevenueDtl (2 entries)
| DescDesc | Related Or Exempt Function IncmRelatedOrExemptFunctionIncmAmt |
|---|---|
| RENTAL INCOME | $559,816 |
| MANAGEMENT FEES | $488,670 |
Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $108 | ExclusionAmt |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Related Or Exempt Function Incm | $444,374 | RelatedOrExemptFunctionIncmAmt |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | $108 | ExclusionAmt |
| Related Or Exempt Function Incm | $1,492,860 | RelatedOrExemptFunctionIncmAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $1,492,968 | TotalIncomeProducingActyAmt |
Rln Of Acty To Accom Of Exmpt Prps RlnOfActyToAccomOfExmptPrpsGrp
Rln Of Acty To Accom Of Exmpt Prps RlnOfActyToAccomOfExmptPrpsGrp (3 entries)
| Line NumberLineNumberTxt | Relationship StatementRelationshipStatementTxt |
|---|---|
| 1a | FEF RECEIVES RENTAL INCOME FROM EDUCATIONAL BUILDINGS IT OWNS AND LEASES TO A RELATED ENTITY WHICH OPERATES SCHOOLS ON THE PREMISES. |
| 1b | FEF RECEIVES MANAGEMENT FEES FOR MANAGING AND OPERATING SCHOOLS. |
| 8 | FEF TRANSFERRED OWNERSHIP OF TWO SCHOOL BUILDINGS TO A 501(C)(3) ORGANIZATION IN EXCHANGE FOR TRANSFERRING THE RELATED DEBT. |
Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trnsfr Of Cash To Nonchrtbl EO | false | TrnsfrOfCashToNonchrtblEOInd |
| Trnsfr Other Asset Nonchrtbl EO | false | TrnsfrOtherAssetNonchrtblEOInd |
| Sales Or Exchanges Of Assets | false | SalesOrExchangesOfAssetsInd |
| Purchase Of Assets Nonchrtbl EO | false | PurchaseOfAssetsNonchrtblEOInd |
| Rental Of Facilities Oth Assets | false | RentalOfFacilitiesOthAssetsInd |
| Reimbursement Arrangements | false | ReimbursementArrangementsInd |
| Loans Or Loan Guarantees | false | LoansOrLoanGuaranteesInd |
| Performance Of Services Etc | false | PerformanceOfServicesEtcInd |
| Sharing Of Facilities Etc | false | SharingOfFacilitiesEtcInd |
| Relationships Nonchrtbl EO | false | RelationshipsNonchrtblEOInd |
Schedule B IRS990ScheduleB
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| General Rule | Yes (X) | GeneralRuleInd |
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | 1 | ContributorNum |
Contributor Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | WALTON FAMILY FOUNDATION | BusinessNameLine1Txt |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 2030 | AddressLine1Txt |
| City | Bentonville | CityNm |
| State Abbreviation | AR | StateAbbreviationCd |
| ZIP | 72712 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | $1,810,637 | TotalContributionsAmt |
| Person Contribution | Yes (X) | PersonContributionInd |
Accounting Fees Schedule AccountingFeesSchedule
Accounting Fees Detail AccountingFeesDetail (2 entries)
| CategoryCategoryTxt | AmtAmt | Adjusted Net IncomeAdjustedNetIncomeAmt |
|---|---|---|
| ANDERON DAVIS & ASSOCIATES AUDIT | $16,450 | $16,450 |
| 4TH SECTOR SOLUTIONS INC SUPPORT SERVICES | $5,848 | $5,848 |
Depreciation Schedule DepreciationSchedule
Depreciation Property DepreciationPropertyGrp (6 entries)
| PropertyPropertyDesc | AcquiredAcquiredDt | Cost Or Other BasisCostOrOtherBasisAmt | Prior Year DepreciationPriorYearDepreciationAmt | Computation MethodComputationMethodTxt | LifeLifeRt | Current Year ExpenseCurrentYearExpenseAmt | Adjusted Net IncomeAdjustedNetIncomeAmt | Net Investment IncomeNetInvestmentIncomeAmt |
|---|---|---|---|---|---|---|---|---|
| ADMINISTRATIVE FURNITURE AND EQUIPMENT | 2019-12-01 | $50,549 | $28,605 | SL | 7.000000000000 | $7,686 | $7,686 | |
| SE PINE BLUFF EQUIPMENT | 2020-10-01 | $50,635 | $27,849 | SL | 5.000000000000 | $10,127 | $10,127 | |
| LITTLE ROCK LEASEHOLD IMPROVEMENT | 2018-07-01 | $246,219 | $102,493 | SL | 10.000000000000 | $30,917 | $30,917 | |
| LITTLE ROCK FURNITURE AND EQUIPMENT | 2019-06-07 | $488,047 | $363,900 | SL | 7.000000000000 | $61,036 | $61,036 | |
| PINE BLUFF BUILDING | 2011-09-02 | $9,761,082 | $208,539 | SL | 39.000000000000 | $90,594 | $90,594 | |
| NORTH LITTLE ROCK | 2023-09-01 | $615,713 | $0 | SL | 39.000000000000 | $13,156 | $13,156 |
Gain Loss Sale Other Assets Sch GainLossSaleOtherAssetsSch
Gain Loss Sale Other Asset GainLossSaleOtherAssetGrp (2 entries)
| AssetAssetDesc | How AcquiredHowAcquiredTxt | SoldSoldDt | Gross Sales PriceGrossSalesPriceAmt | BasisBasisAmt | Basis MethodBasisMethodTxt | Total NetTotalNetAmt | AcquiredAcquiredDt | Sales ExpenseSalesExpenseAmt |
|---|---|---|---|---|---|---|---|---|
| HOUSE FACILITY HOLDINGS LLC | ||||||||
| SCHOOL BUILDINGS | Purchased | 2023-09 | $18,313,645 | $17,105,475 | Cost | $1,208,170 | ||
| VIRGINIA DRV CAMPUS LLC | ||||||||
| SCHOOL BUILDING | Purchased | 2023-10 | $0 | $763,796 | Cost | -$763,796 | 2023-07 | $0 |
Land Etc Schedule2 LandEtcSchedule2
Land Etc LandEtcGrp (5 entries)
| Category Or ItemCategoryOrItemTxt | Cost Or Other BasisCostOrOtherBasisAmt | Accumulated DepreciationAccumulatedDepreciationAmt | Book ValueBookValueAmt |
|---|---|---|---|
| BUILDINGS | $675,647 | $42,599 | $633,048 |
| LEASEHOLD IMPROVEMENTS | $186,284 | $103,967 | $82,317 |
| EQUIPMENT | $377,278 | $299,594 | $77,684 |
| FURNITURE AND FIXTURES | $187,251 | $174,908 | $12,343 |
| SOFTWARE | $24,701 | $24,701 | $0 |
Legal Fees Schedule LegalFeesSchedule
Legal Fees LegalFeesGrp (3 entries)
| CategoryCategoryTxt | Legal FeesLegalFeesAmt | Adjusted Net IncomeAdjustedNetIncomeAmt |
|---|---|---|
| MITCHELL WILLIAMS LAW LEGAL | $38,974 | $38,974 |
| SCHULMAN, LOPEZ, HOFFER & ADELSTEIN, LLP LEGAL | $406 | $406 |
| BARTON GILMAN LLP LEGAL | $3,395 | $3,395 |
Mortgages And Notes Payable Sch MortgagesAndNotesPayableSch
| Field | Value | IRS element (for citing) |
|---|---|---|
| Mortgage | $1,173,050 | MortgageAmt |
Other Assets Schedule OtherAssetsSchedule
Other Assets Schedule OtherAssetsScheduleGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | OPERATING RIGHT-OF-USE ASSETS, NET OF ACCUMULATED AMORTIZATION | Desc |
| BOY Book Value | $918,529 | BOYBookValueAmt |
| EOY Book Value | $601,722 | EOYBookValueAmt |
| EOYFMV | $601,722 | EOYFMVAmt |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (5 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt | Adjusted Net IncomeAdjustedNetIncomeAmt |
|---|---|---|---|---|
| SCHOOL SUPPORT | $436,900 | $436,900 | ||
| PROFESSIONAL DEVELOPMENT | $236,750 | $189,400 | $47,350 | |
| ADVERTISING | $51,408 | $41,126 | $10,282 | |
| SPECIAL EVENTS | $32,885 | $32,885 | ||
| SUPPLIES | $22,940 | $18,352 | $4,588 |
Other Income Schedule2 OtherIncomeSchedule2
Other Income Detail OtherIncomeDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | MANAGEMENT FEES | Desc |
| Revenue And Expenses Per Books | $488,670 | RevenueAndExpensesPerBooksAmt |
| Net Investment Income | $488,670 | NetInvestmentIncomeAmt |
Other Liabilities Schedule OtherLiabilitiesSchedule
Other Liabilities Detail OtherLiabilitiesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | OPERATING LEASE LIABILITY | Desc |
| BOY Book Value | $915,695 | BOYBookValueAmt |
| EOY Book Value | $657,916 | EOYBookValueAmt |
Other Professional Fees Schedule OtherProfessionalFeesSchedule
Other Professional Fees Detail OtherProfessionalFeesDetail (11 entries)
| CategoryCategoryTxt | AmtAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt | Net Investment IncomeNetInvestmentIncomeAmt | Adjusted Net IncomeAdjustedNetIncomeAmt |
|---|---|---|---|---|
| ALICIA HARRISON THOMPSON REGISTRAR SERVICES | $9,622 | $9,622 | ||
| BARNABY TOWNS COMMUNICATIONS | $2,000 | $2,000 | ||
| ERITECH CONSULTING LLC CURRICULUM DEVELOPMENT | $8,100 | $8,100 | ||
| HENRI GARDNER CONSULTING | $33,000 | $33,000 | ||
| HIGHER GLYPHS CONTENT GROUP LLC MEDIA CONSULTANTS | $59,500 | $59,500 | ||
| LGE ENTERPRISES LLC EDUCATIONAL CONSULTANT | $21,166 | $21,166 | ||
| LYFE IS FULLER FOUNDATION INC. PROFESSIONAL DEVELOPMENT | $17,472 | $17,472 | ||
| MEADOWDALE LLC PROJECT MANAGER CONSULTANT | $56,400 | $56,400 | ||
| STARLING IMPACT INVESTORS LLC FINANCING CONSULTANT | $45,500 | $45,500 | ||
| USFRC FACILITIES FINANCING ASSISTANCE | $13,000 | $13,000 | ||
| PAYCHEX PAYROLL PROCESSING | $4,471 | $4,471 |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | PAYROLL | CategoryTxt |
| Amt | $14,830 | Amt |
| Adjusted Net Income | $5,932 | AdjustedNetIncomeAmt |
| Disbursements Charitable Prps | $8,898 | DisbursementsCharitablePrpsAmt |
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