2025-02-04T13:00:57-06:00 2024-06-30 510229493 BARBACANE THORNTON & COMPANY LLP 503 CARR ROAD SUITE 100 WILMINGTON DE 19809 990 2023-07-01 863568192 FRIENDS OF YOUNG SCHOLARS FRIE 2152329727 900 NORTH MARSHALL STREET PHILADELPHIA PA 191231307 CHARLES FREYER BOARD PRESIDENT 2152329727 2025-02-04 0 STEVEN N KUTSUFLAKIS CPA P02478766 3024788940 2023 2025-03-06 01:10:19Z CHARLES FREYER 900 NORTH MARSHALL STREET PHILADELPHIA PA 191231307 367546 0 X WWW.PHILLYSCHOLARS.ORG X 2021 PA THE MISSION OF FRIENDS OF YOUNG SCHOLARS IS TO PROVIDE SUPPORT TO YOUNG SCHOLARS CHARTER SCHOOL. 3 3 0 0 0 0 0 0 0 0 3 7 285375 367539 285378 367546 0 0 0 0 0 0 0 0 0 407222 400978 407222 400978 -121844 -33432 5471709 5371540 4928417 4861680 543292 509860 THE MISSION OF FRIENDS OF YOUNG SCHOLARS IS TO PROVIDE SUPPORT TO YOUNG SCHOLARS CHARTER SCHOOL. 0 0 THE FRIENDS OF YOUNG SCHOLARS WILL PROVIDED SUPPORT TO YOUNG SCHOLARS CHARTER SCHOOL. 1 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 3 3 0 1 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 X MICHAEL WHISMAN CPA 2154819777 222 NORTH KESWICK AVE GLENSIDE PA 19038 X SAMANTHA BANKS SECRETARY 2.00 X X 0 0 0 PAUL BUCCO TREASURER 2.00 X X 0 0 0 CHARLES FREYER PRESIDENT 2.00 X X 0 0 0 0 0 0 0 0 0 0 0 7 7 LEASE PAYMENT FROM YSC 900099 354996 354996 OTHER REVENUE 900099 12543 12543 367539 367546 367539 0 7 283694 283694 116899 116899 ADMIN & FINANCIAL SUPPO 385 385 400978 0 400978 0 46453 63183 5659054 350697 5425256 5308357 5471709 5371540 4900000 4839081 28417 22599 4928417 4861680 X 543292 509860 543292 509860 5471709 5371540 -33432 0 X 0 1 X 1 0 X X 1 YOUNG SCHOLARS CHARTER SCHOOL 232976339 2 1 354996 0 1 354996 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1100000 1100000 4559054 350697 4208357 5308357 ACCRUED INTEREST 22599 22599 PART IV LINE 11F THE ORGANIZATION IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND, THEREFORE, HAS NO PROVISION FOR FEDERAL INCOME TAXES. THE ORGANIZATION HAS BEEN CLASSIFIED AS AN ORGANIZATION THAT IS NOT A PRIVATE FOUNDATION UNDER SECTIONS 509(A)(1) AND 170(B)(1)(A)(IV) OF THE INTERNAL REVENUE CODE. THE SCHOOL DID NOT ENGAGE IN ANY UNRELATED BUSINESS ACTIVITIES DURING THE FISCAL YEAR. MANAGEMENT BELIEVES MORE LIKELY THAN NOT THAT ITS TAX-EXEMPT STATUS AND TAX POSITIONS WILL BE SUSTAINED IF EXAMINED BY AUTHORITIES. FORM 990, PART VI, SECTION A, LINE 3 FRIENDS OF YOUNG SCHOLARS DELEGATED CERTAIN MANAGEMENT RESPONSIBILITIES TO REAL ESTATE MANAGEMENT ADVISORS AND CHARTER CHOICES. FORM 990, PART VI, SECTION B, LINE 11B THE 990 IS PREPARED BY AN OUTSIDE INDEPENDENT CPA FIRM BASED ON THE DATA THAT IS PART OF THE YOUNG SCHOLARS CHARTER SCHOOLS ANNUAL, INDEPENDENT AUDIT. THE 990 IS REVIEWED BY THE BOARD PRESIDENT PRIOR TO SUBMISSION. FORM 990, PART VI, SECTION B, LINE 12C ANY POTENTIAL CONFLICTS OF INTEREST IS BROUGHT BEFORE THE BOARD TO REVIEW ITS IMPACT ON THE ORGANIZATION. IF THE IMPACT IS DEEMED TO BE SIGNIFICANT, AN APPROPRIATE ACTION TO REMOVE THE CONFLICT WILL BE DETERMINED. FORM 990, PART VI, SECTION C, LINE 19 THE BOARD MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST. YOUNG SCHOLARS CHARTER SCHOOL 900 NORTH MARSHALL STREET PHILADELPHIA PA 19123 232976339 CHARTER SCHOOL PA 501(C)(3) LINE 2 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 YOUNG SCHOLARS CHARTER SCHOOL J 354996 ACTUAL CASH PAID