Sidwell Friends School in Washington, District of Columbia (DC)

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Sidwell Friends School
Employer Identification Number (EIN)530196519
Name of OrganizationSidwell Friends School
Address3825 Wisconsin Ave Nw, Washington, DC 20016-2907
ActivitiesSchool, college, trade school, etc.
SubsectionEducational Organization
Ruling Date01/1938
DeductibilityContributions are deductible
FoundationChurch
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period06/2013
Assets$0
Income$0
Filing Requirement990 - Not required to file (church)
Asset Amount$59,750,980
Amount of Income$34,052,961
Form 990 Revenue Amount$34,052,961
National Taxonomy of Exempt Entities (NTEE)Educational Institutions and Related Activities: Elementary, Secondary Education, K - 12


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Amount of income in 2013: $34,052,961
This organization: 

 $34,052,961
Other organizations performing similar types of work: 

 $11,570,202

Assets in 2013: $59,750,980
Sidwell Friends School: 

 $59,750,980
Other organizations performing similar types of work: 

 $20,182,458

Expenses in 2003: $27,320,899
Sidwell Friends School: 

 $27,320,899
Other organizations performing similar types of work: 

 $10,663,440

Income to expenses ratio in 2003: 1.2
This organization: 

 1.2
Other organizations performing similar types of work: 

 1.1

Expenses allocated to program services in 2003: 82.4%
This organization: 

 82.4%
Other organizations performing similar types of work: 

 79.8%

Number of employees in 2003: 286
This organization: 

 286
Other organizations performing similar types of work: 

 188

Employees paid over $50,000 in 2003: 42.3%
This organization: 

 42.3%
Other organizations performing similar types of work: 

 27.0%

Grants share in income in 2003: 24.1%
This organization: 

 24.1%
Other organizations performing similar types of work: 

 12.8%

Financial snapshot ($)

Revenue for 2003

Assets at end of 2003

Expenses for 2003

Functional Expenses for 2003 ($)

Income-Producing Activities for 2003

Revenue, Expenses, and Changes in Net Assets or Fund Balances
2000200120022003
Total revenue$24,603,076$28,905,313$27,126,549$34,052,961
Contributions, gifts, grants, and similar amounts received$3,481,623$6,565,636$3,544,945$8,209,826
Contributions to donor advised funds
Direct public support$3,481,623$6,565,636$3,544,945$8,209,826
Indirect public support$0$0$0$0
Government contributions (grants)$0$0$0$0
Program service revenue including government fees and contracts$19,618,208$21,075,638$22,878,999$24,759,240
Membership dues and assessments$0$0$0$0
Interest on savings and temporary cash investments$547,623$315,105$148,291$81,779
Dividends and interest from securities$691,353$283,164$274,977$234,412
Net rental income or (loss)$0$0$0$0
Gross rents$0$0$0$0
Less: rental expenses$0$0$0$0
Other investment income$275,730$0$0$0
Gain or (loss) from sales of assets other than inventory$-11,461$189,354$-229,946$215,180
Gross amount from sales of assets other than inventory$106,681$20,471,921$445,307$10,895,281
Less: cost or other basis and sales expenses$118,142$20,282,567$675,253$10,680,101
Net income or (loss) from special events and activities$0$233,078$284,592$348,489
Gross revenue$102,468$300,658$376,767$456,426
Less: direct expenses other than fundraising expenses$102,468$67,580$92,175$107,937
Gross profit or (loss) from sales of inventory$0$0$0$0
Gross sales of inventory, less returns and allowances$0$0$0$0
Less: cost of goods sold$0$0$0$0
Other revenue$0$243,338$224,691$204,035
Total expenses$21,778,879$24,324,986$25,231,637$27,320,899
Program services$17,426,513$19,461,131$20,775,677$22,521,081
Management and general$3,458,038$3,579,611$3,004,335$3,259,074
Fundraising$894,328$1,284,244$1,451,625$1,540,744
Payments to affiliates$0$0$0$0
Net assets or fund balances at end of year$43,101,072$46,961,884$49,606,175$59,750,980
Excess or (deficit) for the year$2,824,197$4,580,327$1,894,912$6,732,062
Net assets or fund balances at beginning of year$42,975,357$43,101,072$46,961,884$49,606,175
Other changes in net assets or fund balances$-2,698,482$-719,515$749,379$3,412,743
Statement of Functional Expenses (for 2003)
TotalProgram servicesManagement and generalFundraising
Total functional expenses$27,320,899$22,521,081$3,259,074$1,540,744
Grants paid from donor advised funds
Other grants and allocations$3,127,698
Specific assistance to individuals$0
Benefits paid to or for members$0
Compensation of current officers, directors, key employees, etc.$220,189$180,019$26,695$13,475
Compensation of former officers, directors, key employees, etc.
Compensation and other distributions, not included above, to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)
Salaries and wages of employees not included above$12,893,534$10,541,324$1,563,197$789,013
Pension plan contributions not included above$1,028,634$840,977$124,710$62,947
Employee benefits not included above$1,264,863$1,034,110$153,352$77,401
Payroll taxes$926,734$757,667$112,356$56,711
Professional fundraising fees$0$0$0$0
Accounting fees$31,961$0$31,961$0
Legal fees$29,643$0$29,643$0
Supplies$625,076$528,910$47,039$49,127
Telephone$71,885$23,456$46,844$1,585
Postage and shipping$90,384$12,466$23,286$54,632
Occupancy$685,054$685,054$0$0
Equipment rental and maintenance$245,045$165,868$75,610$3,567
Printing and publications$367,008$155,684$113,318$98,006
Travel$330,183$268,408$36,687$25,088
Conferences, conventions, and meetings$83,637$39,230$21,620$22,787
Interest$4,301$3,569$634$98
Depreciation, depletion, etc.$1,136,422$1,136,422$0$0
Other expenses not covered above$4,158,648$3,020,219$852,122$286,307
Balance Sheets
2000200120022003
Total assets$47,967,210$51,968,321$54,746,390$66,413,261
Cash - non-interest-bearing$11,818$41,278$42,938$386,244
Savings and temporary cash investments$4,698,387$6,811,812$3,484,609$3,395,814
Accounts receivable less allowance for doubtful accounts$91,203$60,080$76,992$1,898
Pledges receivable less allowance for doubtful accounts$1,282,196$3,085,394$3,402,080$5,831,057
Grants receivable$0$0$0$0
Receivables from current and former officers, directors, trustees, and key employees$0$0$0$0
Receivables from other disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)
Other notes and loans receivable less allowance for doubtful accounts$692,690$426,883$414,770$409,851
Inventories for sale or use$39,806$31,796$8,271$0
Prepaid expenses and deferred charges$430,660$470,183$492,234$467,273
Investments - publicly-traded securities
Investments - other securities$24,692,136$24,699,674$15,507,655$15,686,033
Investments - land, buildings, and equipment less accumulated depreciation$0$0$0$0
Investments - other$0$0$15,502,968$22,876,378
Land, buildings, and equipment less accumulated depreciation$15,906,064$16,308,073$15,775,485$17,301,621
Other assets, including program-related investments$122,250$33,148$38,388$57,092
Total liabilities$4,866,138$5,006,437$5,140,215$6,662,281
Accounts payable and accrued expenses$2,135,301$2,147,947$1,966,692$3,019,310
Grants payable$0$0$0$0
Deferred revenue$2,624,658$2,736,582$2,999,335$3,378,209
Loans from officers, directors, trustees, and key employees$0$0$0$0
Tax-exempt bond liabilities$0$0$0$0
Mortgages and other notes payable$0$0$0$0
Other liabilities$106,179$121,908$174,188$264,762
Total liabilities and net assets/fund balances$47,967,210$51,968,321$54,746,390$66,413,261
Total net assets or fund balances$43,101,072$46,961,884$49,606,175$59,750,980
Reconciliation of Revenue per Audited Financial Statements With Revenue per Return
2000200120022003
Total revenue$24,603,076$28,905,313$27,126,549$34,052,961
Total revenue, gains, and other support per audited financial statements$22,007,062$28,253,378$28,210,238$37,412,325
Other expenses$-2,698,482$-719,515$841,554$3,520,680
Net unrealized gains on investments$-2,698,482$-719,515$749,379$3,412,743
Donated services and use of facilities$0$0$0$0
Recoveries of prior year grants$0$0$0$0
Other$0$0$92,175$107,937
Other revenue$-102,468$-67,580$-242,135$161,316
Investment expenses$0$0$52,791$161,316
Other$-102,468$-67,580$-294,926$0
Reconciliation of Expenses per Audited Financial Statements With Expenses per Return
2000200120022003
Total expenses$21,778,879$24,324,986$25,231,637$27,320,899
Total expenses and losses per audited financial statements$21,881,347$24,392,566$25,565,947$27,267,520
Other revenue$102,468$67,580$387,101$107,937
Donated services and use of facilities$0$0$0$0
Prior year adjustments$0$0$0$0
Losses$0$0$0$0
Other$102,468$67,580$387,101$107,937
Other expenses$0$0$52,791$161,316
Investment expenses$0$0$52,791$161,316
Other$0$0$0$0
Current Officers, Directors, Trustees, and Key Employees
Total number of officers, directors, and trustees permitted to vote on organization business at board meetings0
Are any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, related to each other through family or business relationships?
Do any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, receive compensation from any other organizations, whether tax exempt or taxable, that are related to the organization?
Does the organization have a written conflict of interest policy?
Other Information
Did the organization have unrelated business gross income of $1,000 or more during the year covered by this return, and has it filed a tax return on Form 990-T for this year?Yes
Was there a liquidation, dissolution, termination, or substantial contraction during the year?No
Is the organization related (other than by association with a statewide or nationwide organization) through common membership, governing bodies, trustees, officers, etc., to any other exempt or nonexempt organization?
Direct and indirect political expenditures$0
Did the organization file Form 1120-POL for this year?No
Were substantially all dues nondeductible by members?
Did the organization make only in-house lobbying expenditures of $2,000 or less?
Dues, assessments, and similar amounts from members$0
Section 162(e) lobbying and political expenditures$0
Aggregate nondeductible amount of section 6033(e)(1)(A) dues notices$0
Taxable amount of lobbying and political expenditures$0
Does the organization elect to pay the section 6033(e) tax on the amount above?
If section 6033(e)(1)(A) dues notices were sent, does the organization agree to add the amount above to its reasonable estimate of dues allocable to nondeductible lobbying and political expenditures for the following tax year?
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities$0
At any time during the year, did the organization, directly or indirectly, own a controlled entity within the meaning of section 512(b)(13)?
Amount of tax imposed on the organization during the year under: section 4911$0
Amount of tax imposed on the organization during the year under: section 4912$0
Amount of tax imposed on the organization during the year under: section 4955$0
Did the organization engage in any section 4958 excess benefit transaction during the year or did it become aware of an excess benefit transaction from a prior year?No
Amount of tax imposed on the organization managers or disqualified persons during the year under sections 4912, 4955, and 4958$0
Amount of tax above, reimbursed by the organization$0
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?
Did the organization acquire a direct or indirect interest in any applicable insurance contract?
Did the supporting organization, or a fund maintained by a sponsoring organization, have excess business holdings at any time during the year?
Number of employees employed in the pay period that includes March 12, 2006286
Analysis of Income-Producing Activities (for 2003)
Unrelated business incomeExcluded by section 512, 513, or 514Related or exempt function income
Business codeAmountExclusion codeAmount
Total$22,725$1,092,642$24,727,768
Program service revenue
Program service revenue 1000000$000$0$23,185,068
Program service revenue 2000000$000$0$1,490,151
Program service revenue 3000000$0Section 501(c)(3) organization - Income from an activity carried on primarily for the convenience of the organization's members, students, patients, visitors, officers, or employees (hospital parking lot or museum cafeteria, for example) (section 513(a)(2))$2,376$0
Program service revenue 4000000$0Section 501(c)(3) organization - Income from an activity carried on primarily for the convenience of the organization's members, students, patients, visitors, officers, or employees (hospital parking lot or museum cafeteria, for example) (section 513(a)(2))$81,645$0
Program service revenue 5000000$000$0$0
Medicare/Medicaid payments000000$000$0$0
Fees and contracts from government agencies000000$000$0$0
Membership dues and assessments000000$000$0$0
Interest on savings and temporary cash investments000000$0Dividends, interest, payments with respect to securities loans, annuities, income from notional principal contracts, loan commitment fees, and other substantially similar income from ordinary and routine investments excluded by section 512(b)(1)$81,779$0
Dividends and interest from securities000000$0Dividends, interest, payments with respect to securities loans, annuities, income from notional principal contracts, loan commitment fees, and other substantially similar income from ordinary and routine investments excluded by section 512(b)(1)$234,412$0
Net rental income or (loss) from real estate
debt-financed property000000$000$0$0
not debt-financed property000000$000$0$0
Net rental income or (loss) from personal property000000$000$0$0
Other investment income000000$000$0$0
Gain or (loss) from sales of assets other than inventory000000$0Gain (or loss, to the extent allowed) from the sale of investments and other non-inventory property and from certain property acquired from financial institutions that are in conservatorship or receivership (sections 512(b)(5) and 512(b)(16)(A))$215,180$0
Net income or (loss) from special events000000$0Income from an activity that is not regularly carried on (section 512(a)(1))$348,489$0
Gross profit or (loss) from sales of inventory000000$000$0$0
Other revenueAll other amusement and recreation industries (including skiing facilities, marinas, and bowling centers)$22,725Real property rental income that does not depend on the income or profits derived by the person leasing the property and is excluded by section 512(b)(3)$128,761$52,549
Information Regarding Taxable Subsidiaries and Disregarded Entities (for 2003)
EIN of corporation, partnership, or disregarded entityPercentage of ownership interestTotal incomeEnd-of-year assets
0%$0$0
0%$0$0
0%$0$0
0%$0$0
Compensation of the Five Highest Paid Employees Other Than Officers, Directors, and Trustees (for 2003)
CompensationContributions to employee benefit plans & deferred compensationExpense account and other allowances
$154,000$26,182$0
$160,650$20,056$0
$159,000$19,917$0
$115,625$29,106$0
$110,000$19,296$0
Total number of other employees paid over $50,000116
Statements About Activities (for 2003)
Expenses paid or incurred in connection with the lobbying activities$0
Did the organization receive or hold an easement for conservation purposes, including easements to preserve open space, the environment, historic land areas or historic structures?
Did the organization provide credit counseling, debt management, credit repair, or debt negotiation services?
Did the organization maintain any donor advised funds?
Did the organization make any taxable distributions under section 4966?
Did the organization make a distribution to a donor, donor advisor, or related person?
The total number of donor advised funds owned at the end of the tax year
The aggregate value of assets held in all donor advised funds owned at the end of the tax year
The total number of separate funds or accounts owned at the end of the tax year (excluding donor advised funds included above) where donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts
The aggregate value of assets held in all funds or accounts included above at the end of the tax year
Reason for Non-Private Foundation Status
The organization is not a private foundation because it isSchool
Support Schedule
1999200020012002
Total$0$0$0$0
Gifts, grants, and contributions received$0$0$0$0
Membership fees received$0$0$0$0
Gross receipts from admissions, merchandise sold or services performed, or furnishing of facilities in any activity that is related to the organization's charitable, etc., purpose$0$0$0$0
Gross income from interest, dividends, amounts received from payments on securities loans (section 512(a)(5)), rents, royalties, and unrelated business taxable income (less section 511 taxes) from businesses acquired by the organization after June 30, 1975$0$0$0$0
Net income from unrelated business activities not included above$0$0$0$0
Tax revenues levied for the organization's benefit and either paid to it or expended on its behalf$0$0$0$0
The value of services or facilities furnished to the organization by a governmental unit without charge. Do not include the value of services or facilities generally furnished to the public without charge$0$0$0$0
Other income$0$0$0$0
Lobbying Expenditures by Electing Public Charities (for 2003)
Total exempt purpose expenditures$0
Total lobbying expenditures$0
Total lobbying expenditures to influence public opinion (grassroots lobbying)$0
Total lobbying expenditures to influence a legislative body (direct lobbying)$0
Other exempt purpose expenditures$0
Lobbying nontaxable amount$0
Grassroots nontaxable amount$0
Unrelated Trade or Business Income (for 2008)
IncomeExpensesNet
Total$9,025$0$9,025
Gross receipts or sales less returns and allowances$10,010$0$0
Cost of goods sold$0$0$0
Gross profit$100,101$0$10,010
Capital gain net income$0$0$0
Net gain$0$0$0
Capital loss deduction for trusts$0$0$0
Income (loss) from partnerships and S corporations$985$20$985
Rent income$0$0$0
Unrelated debt-financed income$0$0$0
Interest, annuities, royalties, and rents from controlled organizations$0$0$0
Investment income of a section 501(c)(7), (9), or (17) organization$0$0$0
Exploited exempt activity income$0$0$0
Advertising income$0$0$0
Other income$0$0$0
Deductions Not Taken Elsewhere (for 2008)
Total deductions$19,386
Compensation of officers, directors, and trustees$0
Salaries and wages$17,850
Repairs and maintenance$0
Bad debts$0
Interest$0
Taxes and licenses$0
Charitable contributions$0
Depreciation$0
Depletion$0
Contributions to deferred compensation plans$0
Employee benefit programs$0
Excess exempt expenses$0
Excess readership costs$0
Other deductions$1,536
Unrelated business taxable income$10,361
Unrelated business taxable income before net operating loss deduction$10,361
Net operating loss deduction$0
Unrelated business taxable income before specific deduction$10,361
Specific deduction$1,000
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Number of organizations performing similar types of work
Alaska1
Alabama6
Arkansas4
Arizona5
California57
Colorado8
Connecticut15
District of Columbia4
Delaware6
Florida24
Georgia32
Hawaii5
Iowa4
Idaho3
Illinois19
Indiana6
Kansas3
Kentucky7
Louisiana7
Massachusetts21
Maryland23
Maine4
Michigan7
Minnesota12
Missouri8
Mississippi5
Montana2
North Carolina13
New Hampshire3
New Jersey20
New Mexico5
Nevada3
New York48
Ohio27
Oklahoma2
Oregon7
Pennsylvania31
South Carolina5
South Dakota3
Tennessee22
Texas32
Utah2
Virginia22
Vermont2
Washington20
Wisconsin8
West Virginia2
International4
Total579

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