Nonprofit · EIN 86-3568192
FRIENDS OF YOUNG SCHOLARS
Tax-exempt · PHILADELPHIA, PA 19123
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $355,279 | $389,589 | -$34,310 | $5,258,403 | $4,782,853 | $475,550 |
| June 30, 2024 | 990 | $367,546 | $400,978 | -$33,432 | $5,371,540 | $4,861,680 | $509,860 |
| June 30, 2023 | 990 | $285,378 | $407,222 | -$121,844 | $5,471,709 | $4,928,417 | $543,292 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $0
- Investment income
- $8
- Other revenue
- $355,271
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Depreciation
- $116,899
- Management and general (functional)
- $389,589
Balance sheet and other
- Total assets, start of year
- $5,371,540
- Total assets, end of year
- $5,258,403
- Total liabilities, end of year
- $4,782,853
- Net assets, end of year
- $475,550
- Land, buildings and equipment
- $5,191,458
- Net assets without donor restrictions
- $475,550
- Gross receipts
- $355,279
- Employees
- 0
- Volunteers
- 0
- Year formed
- 2021
- State of legal domicile
- PA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| SAMANTHA BANKS | SECRETARY Trustee or director, Officer | 2 | $0 |
| PAUL BUCCO | TREASURER Trustee or director, Officer | 2 | $0 |
| CHARLES FREYER | PRESIDENT Trustee or director, Officer | 2 | $0 |
990 for the year ended June 30, 2024: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| SAMANTHA BANKS | SECRETARY Trustee or director, Officer | 2 | $0 |
| PAUL BUCCO | TREASURER Trustee or director, Officer | 2 | $0 |
| CHARLES FREYER | PRESIDENT Trustee or director, Officer | 2 | $0 |
990 for the year ended June 30, 2023: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| SAMANTHA BANKS | SECRETARY Trustee or director, Officer | 2 | $0 |
| PAUL BUCCO | TREASURER Trustee or director, Officer | 2 | $0 |
| CHARLES FREYER | PRESIDENT Trustee or director, Officer | 2 | $0 |
Address and contacts
- Address (IRS master file)
- 900 N MARSHALL ST, PHILADELPHIA, PA 19123-1307
- In care of
- % JOHN AMENDA
- Principal officer (990 for 2024)
- CHARLES FREYER, 900 NORTH MARSHALL STREET, PHILADELPHIA, PA 191231307
- Signed the 990
- CHARLES FREYER, BOARD PRESIDENT
- Phone
- (215) 232-9727
- Website
- WWW.PHILLYSCHOLARS.ORG
- Return prepared by
- BARBACANE THORNTON & COMPANY LLP
Mission
THE MISSION OF FRIENDS OF YOUNG SCHOLARS IS TO PROVIDE SUPPORT TO YOUNG SCHOLARS CHARTER SCHOOL.
Program accomplishments
- THE FRIENDS OF YOUNG SCHOLARS WILL PROVIDE SUPPORT TO YOUNG SCHOLARS CHARTER SCHOOL.
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 86-3568192
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2022
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B11)
- Assets (IRS master file)
- $5,258,403
- Income (IRS master file)
- $355,279
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $355,279 | $389,589 | $5,258,403 | IRS |
| 990 | June 2024 | $367,546 | $400,978 | $5,371,540 | XML |
| 990 | June 2023 | $285,378 | $407,222 | $5,471,709 | XML |
| 990 | June 2022 | $157,229 | $251,388 | $5,579,344 | IRS |
| 990 | June 2021 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 86-3568192).
Questions about FRIENDS OF YOUNG SCHOLARS
- What is the EIN of FRIENDS OF YOUNG SCHOLARS?
- The employer identification number (EIN) of FRIENDS OF YOUNG SCHOLARS is 86-3568192.
- Is FRIENDS OF YOUNG SCHOLARS tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2022.
- Are donations to FRIENDS OF YOUNG SCHOLARS tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does FRIENDS OF YOUNG SCHOLARS file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of FRIENDS OF YOUNG SCHOLARS due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did FRIENDS OF YOUNG SCHOLARS last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of FRIENDS OF YOUNG SCHOLARS?
- The 990 for the year ended June 30, 2025 names CHARLES FREYER.
- Who are the officers and directors of FRIENDS OF YOUNG SCHOLARS?
- The 990 for the year ended June 30, 2025 lists 3 people; 0 received compensation from the organization.
- How much revenue does FRIENDS OF YOUNG SCHOLARS have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $355,279, expenses of $389,589 and total assets of $5,258,403 at year end.
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