Cambridge Friends School Inc in Cambridge, Massachusetts (MA)

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Cambridge Friends School Inc
Employer Identification Number (EIN)042315647
Name of OrganizationCambridge Friends School Inc
Address5 Cadbury Rd, Cambridge, MA 02140-3523
ActivitiesSchool, college, trade school, etc.
SubsectionEducational Organization, Religious Organization
Ruling Date06/1964
DeductibilityContributions are deductible
FoundationSchool
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period2012
Assets$10,000,000 to $49,999,999
Income$10,000,000 to $49,999,999
Filing Requirement990 - Not required to file (religious organization)
Asset Amount$5,184,902
Amount of Income$5,746,961
Form 990 Revenue Amount$5,746,961
National Taxonomy of Exempt Entities (NTEE)Educational Institutions and Related Activities: Primary, Elementary Schools


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Amount of income in 2012: $5,746,961
Cambridge Friends School Inc: 

 $5,746,961
Other organizations performing similar types of work: 

 $560,231

Assets in 2012: $5,184,902
Cambridge Friends School Inc: 

 $5,184,902
Other organizations performing similar types of work: 

 $203,890

Expenses in 2007: $5,993,653
Cambridge Friends School Inc: 

 $5,993,653
Other organizations performing similar types of work: 

 $592,933

Income to expenses ratio in 2007: 1.0
Cambridge Friends School Inc: 

 1.0
Other organizations performing similar types of work: 

 1.0

Expenses allocated to program services in 2007: 69.7%
This organization: 

 69.7%
Other organizations performing similar types of work: 

 86.9%

Number of employees in 2007: 77
This organization: 

 77
Other organizations performing similar types of work: 

 25

Employees paid over $50,000 in 2007: 48.1%
Cambridge Friends School Inc: 

 48.1%
Other organizations performing similar types of work: 

 14.0%

Grants share in income in 2007: 5.8%
This organization: 

 5.8%
Other organizations performing similar types of work: 

 3.8%

Financial snapshot ($)

Revenue for 2007

Assets at end of 2007

Expenses for 2007

Functional Expenses for 2007 ($)

Income-Producing Activities for 2007

Revenue, Expenses, and Changes in Net Assets or Fund Balances
20002001200220032004200520062007
Total revenue$4,469,969$4,606,325$4,285,679$5,319,907$5,917,423$6,913,062$6,076,190$5,746,961
Contributions, gifts, grants, and similar amounts received$286,968$354,623$277,776$429,105$284,757$334,877$289,193$331,740
Contributions to donor advised funds$0$0
Direct public support$286,968$354,623$277,776$429,105$284,757$334,877$289,193$331,740
Indirect public support$0$0$0$0$0$0$0$0
Government contributions (grants)$0$0$0$0$0$0$0$0
Program service revenue including government fees and contracts$4,004,952$4,199,491$4,285,914$4,464,605$4,983,832$5,374,847$5,427,570$4,909,966
Membership dues and assessments$0$0$0$0$0$0$0$0
Interest on savings and temporary cash investments$1,044$743$399$275$284$360$20,889$16,320
Dividends and interest from securities$224,494$204,957$179,738$96,346$96,220$107,692$162,967$139,835
Net rental income or (loss)$50,291$47,066$23,218$27,415$8,952$18,252$14,250$13,115
Gross rents$57,120$53,618$29,928$37,440$20,585$18,475$14,250$13,115
Less: rental expenses$6,829$6,552$6,710$10,025$11,633$223$0$0
Other investment income$0$0$0$0$0$0$0$0
Gain or (loss) from sales of assets other than inventory$-115,075$-210,830$-491,113$289,931$530,096$1,040,170$94,003$264,703
Gross amount from sales of assets other than inventory$3,409,982$3,205,318$2,666,489$3,190,876$2,603,641$6,067,970$8,754,319$6,288,782
Less: cost or other basis and sales expenses$3,525,057$3,416,148$3,157,602$2,900,945$2,073,545$5,027,800$8,660,316$6,024,079
Net income or (loss) from special events and activities$17,295$10,275$9,747$12,230$13,282$36,864$41,422$56,562
Gross revenue$30,221$19,015$28,186$21,572$23,598$61,677$63,669$74,693
Less: direct expenses other than fundraising expenses$12,926$8,740$18,439$9,342$10,316$24,813$22,247$18,131
Gross profit or (loss) from sales of inventory$0$0$0$0$0$0$0$0
Gross sales of inventory, less returns and allowances$0$0$0$0$0$0$0$0
Less: cost of goods sold$0$0$0$0$0$0$0$0
Other revenue$0$0$0$0$0$0$25,896$14,720
Total expenses$4,927,949$5,499,398$5,767,485$6,076,545$6,361,738$6,674,789$6,451,788$5,993,653
Program services$3,705,583$4,048,119$4,410,878$4,535,891$4,704,327$5,092,919$4,554,653$4,180,152
Management and general$1,176,118$1,397,797$1,297,569$1,513,403$1,629,460$1,552,557$1,794,249$1,628,321
Fundraising$46,248$53,482$59,038$27,251$27,951$29,313$102,886$185,180
Payments to affiliates$0$0$0$0$0$0$0$0
Net assets or fund balances at end of year$8,497,791$7,433,835$6,642,875$6,328,541$5,978,568$5,744,666$5,702,265$5,184,902
Excess or (deficit) for the year$-457,980$-893,073$-1,481,806$-756,638$-444,315$238,273$-375,598$-246,692
Net assets or fund balances at beginning of year$9,527,474$8,497,791$7,433,835$6,642,875$6,328,541$5,978,568$5,744,666$5,702,265
Other changes in net assets or fund balances$-571,703$-170,883$690,846$442,304$94,342$-472,175$333,197$-270,671
Statement of Functional Expenses (for 2007)
TotalProgram servicesManagement and generalFundraising
Total functional expenses$5,993,653$4,180,152$1,628,321$185,180
Grants paid from donor advised funds$0
Other grants and allocations$0
Specific assistance to individuals$808,772
Benefits paid to or for members$0
Compensation of current officers, directors, key employees, etc.$262,100$162,263$99,837$0
Compensation of former officers, directors, key employees, etc.$0$0$0$0
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)$0$0$0$0
Salaries and wages of employees not included above$2,574,557$1,442,829$1,004,873$126,855
Pension plan contributions not included above$0$0$0$0
Employee benefits not included above$571,834$359,334$187,500$25,000
Payroll taxes$225,960$145,765$70,491$9,704
Professional fundraising fees$0$0$0$0
Accounting fees$13,200$0$13,200$0
Legal fees$7,693$0$7,693$0
Supplies$58,424$34,226$24,198$0
Telephone$10,798$5,399$5,399$0
Postage and shipping$19,525$7,810$7,810$3,905
Occupancy$105,978$105,978$0$0
Equipment rental and maintenance$0$0$0$0
Printing and publications$50,260$14,989$27,776$7,495
Travel$0$0$0$0
Conferences, conventions, and meetings$0$0$0$0
Interest$230,874$230,874$0$0
Depreciation, depletion, etc.$363,020$351,545$11,475$0
Other expenses not covered above$690,658$510,368$168,069$12,221
Balance Sheets
20002001200220032004200520062007
Total assets$14,125,460$13,172,775$12,395,174$12,418,264$11,879,803$11,196,963$11,066,721$10,983,166
Cash - non-interest-bearing$450$450$450$450$450$450$450$450
Savings and temporary cash investments$608,987$586,072$598,033$846,156$716,022$2,871,558$514,388$1,036,434
Accounts receivable less allowance for doubtful accounts$90,509$63,853$105,720$83,831$117,000$132,180$157,252$149,067
Pledges receivable less allowance for doubtful accounts$423,000$398,000$266,292$222,186$122,229$0$0$0
Grants receivable$0$0$0$0$0$0$0$0
Receivables from current and former officers, directors, trustees, and key employees$0$0$0$0$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)$0$0
Other notes and loans receivable less allowance for doubtful accounts$0$0$0$0$0$0$0$0
Inventories for sale or use$0$0$0$0$0$0$0$0
Prepaid expenses and deferred charges$123,105$137,244$144,275$174,300$167,210$133,455$146,561$83,597
Investments - publicly-traded securities$4,749,352$4,417,138
Investments - other securities$6,122,009$5,404,367$4,934,427$4,924,066$4,774,939$2,283,827$11,871$11,687
Investments - land, buildings, and equipment less accumulated depreciation$37,213$34,998$35,323$36,921$0$0$0$0
Investments - other$0$0$0$0$0$0$0$0
Land, buildings, and equipment less accumulated depreciation$6,605,780$6,437,648$6,204,775$6,028,739$5,884,602$5,682,406$5,398,024$5,200,234
Other assets, including program-related investments$114,407$110,143$105,879$101,615$97,351$93,087$88,823$84,559
Total liabilities$5,627,669$5,738,940$5,752,299$6,089,723$5,901,235$5,452,297$5,364,456$5,798,264
Accounts payable and accrued expenses$336,449$360,820$451,161$413,111$441,550$440,676$420,329$435,172
Grants payable$0$0$0$0$0$0$0$0
Deferred revenue$791,220$878,120$801,138$1,276,612$1,159,685$811,621$836,679$1,363,092
Loans from officers, directors, trustees, and key employees$0$0$0$0$0$0$0$0
Tax-exempt bond liabilities$4,500,000$4,500,000$4,500,000$4,400,000$4,300,000$4,200,000$4,100,000$4,000,000
Mortgages and other notes payable$0$0$0$0$0$0$7,448$0
Other liabilities$0$0$0$0$0$0$0$0
Total liabilities and net assets/fund balances$14,125,460$13,172,775$12,395,174$12,418,264$11,879,803$11,196,963$11,066,721$10,983,166
Total net assets or fund balances$8,497,791$7,433,835$6,642,875$6,328,541$5,978,568$5,744,666$5,702,265$5,184,902
Reconciliation of Revenue per Audited Financial Statements With Revenue per Return
20002001200220032004200520062007
Total revenue$4,469,969$4,606,325$4,285,679$5,319,907$5,917,423$6,913,062$6,076,190$5,746,961
Total revenue, gains, and other support per audited financial statements$4,602,291$4,829,311$5,489,019$5,775,907$6,018,044$6,938,088$6,431,634$5,765,092
Other expenses$117,181$212,031$1,182,403$443,705$87,352$213$333,197$0
Net unrealized gains on investments$0$0$590,846$443,554$87,342$0$333,197$0
Donated services and use of facilities$0$0$0$0$0$0$0$0
Recoveries of prior year grants$0$0$0$0$0$0$0$0
Other$117,181$212,031$591,557$151$10$213$0$0
Other revenue$-15,141$-10,955$-20,937$-12,295$-13,269$-24,813$-22,247$-18,131
Investment expenses$0$0$0$0$0$0$0$0
Other$-15,141$-10,955$-20,937$-12,295$-13,269$-24,813$-22,247$-18,131
Reconciliation of Expenses per Audited Financial Statements With Expenses per Return
20002001200220032004200520062007
Total expenses$4,927,949$5,499,398$5,767,485$6,076,545$6,361,738$6,674,789$6,451,788$5,993,653
Total expenses and losses per audited financial statements$5,631,974$5,893,267$6,279,979$6,090,241$6,368,017$7,171,990$6,474,035$6,282,455
Other revenue$701,919$392,668$512,050$13,545$6,269$496,988$22,247$288,802
Donated services and use of facilities$0$0$0$0$0$0$0$0
Prior year adjustments$202,500$15,972$0$0$0$0$0$0
Losses$369,203$154,911$0$0$0$454,398$0$270,671
Other$130,216$221,785$512,050$13,545$6,269$42,590$22,247$18,131
Other expenses$-2,106$-1,201$-444$-151$-10$-213$0$0
Investment expenses$0$0$0$0$0$0$0$0
Other$-2,106$-1,201$-444$-151$-10$-213$0$0
Current Officers, Directors, Trustees, and Key Employees
Average hours per week devoted to positionCompensationContributions to employee benefit plans & deferred compensation plansExpense account and other allowances
40$130,817$12,500$0
40$46,358$10,000$0
40$49,925$12,500$0
Total number of officers, directors, and trustees permitted to vote on organization business at board meetings25
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?No
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?No
Does the organization have a written conflict of interest policy?Yes
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?No
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?No
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)?No
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?No
Did the organization acquire a direct or indirect interest in any applicable insurance contract?No
Did the supporting organization, or a fund maintained by a sponsoring organization, have excess business holdings at any time during the year?No
Number of employees employed in the pay period that includes March 12, 200677
Analysis of Income-Producing Activities (for 2007)
Unrelated business incomeExcluded by section 512, 513, or 514Related or exempt function income
Business codeAmountExclusion codeAmount
Total$0$490,535$4,924,686
Program service revenue
Program service revenue 1000000$000$0$4,909,966
Program service revenue 2000000$000$0$0
Program service revenue 3000000$000$0$0
Program service revenue 4000000$000$0$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)$16,320$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)$139,835$0
Net rental income or (loss) from real estate
debt-financed property000000$000$0$0
not debt-financed property000000$0Real 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)$13,115$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))$264,703$0
Net income or (loss) from special events000000$0Income from the sale of merchandise, substantially all of which (at least 85%) was donated to the organization (section 513(a)(3))$56,562$0
Gross profit or (loss) from sales of inventory000000$000$0$0
Other revenue000000$000$0$14,720
Information Regarding Taxable Subsidiaries and Disregarded Entities (for 2007)
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 2007)
CompensationContributions to employee benefit plans & deferred compensationExpense account and other allowances
$96,355$12,500$0
$99,000$12,500$0
$77,000$12,500$0
$75,355$12,500$0
$73,581$12,500$0
Total number of other employees paid over $50,00031
Statements About Activities (for 2007)
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?No
Did the organization provide credit counseling, debt management, credit repair, or debt negotiation services?No
Did the organization maintain any donor advised funds?No
Did the organization make any taxable distributions under section 4966?No
Did the organization make a distribution to a donor, donor advisor, or related person?No
The total number of donor advised funds owned at the end of the tax year$0
The aggregate value of assets held in all donor advised funds owned at the end of the tax year$0
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$0
The aggregate value of assets held in all funds or accounts included above at the end of the tax year$0
Reason for Non-Private Foundation Status
The organization is not a private foundation because it isSchool
Support Schedule
19992000200120022003200420052006
Total$0$0$0$0$0$0$0$0
Gifts, grants, and contributions received$0$0$0$0$0$0$0$0
Membership fees received$0$0$0$0$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$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$0$0$0$0
Net income from unrelated business activities not included above$0$0$0$0$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$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$0$0$0$0
Other income$0$0$0$0$0$0$0$0
Lobbying Expenditures by Electing Public Charities (for 2007)
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
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Number of organizations performing similar types of work
Alaska4
Alabama24
Arkansas9
Arizona47
California198
Colorado52
Connecticut18
District of Columbia11
Delaware12
Florida141
Georgia83
Hawaii11
Iowa9
Idaho12
Illinois66
Indiana32
Kansas15
Kentucky22
Louisiana29
Massachusetts37
Maryland36
Maine6
Michigan30
Minnesota26
Missouri28
Mississippi18
Montana6
North Carolina85
North Dakota3
Nebraska4
New Hampshire9
New Jersey65
New Mexico14
Nevada7
New York79
Ohio55
Oklahoma19
Oregon30
Pennsylvania54
Rhode Island5
South Carolina30
South Dakota7
Tennessee42
Texas138
Utah24
Virginia63
Vermont5
Washington56
Wisconsin41
West Virginia8
Wyoming5
International20
Total1,850

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