New Jersey · Nonprofit
The Friends of Foundation Academy Inc
The Friends of Foundation Academy Inc (New Jersey) receives grants from 41 organizations whose IRS filings report $2,352,819 to it, the largest being DONOR ADVISED CHARITABLE GIVING INC ($367,000). 21 of them have funded it in more than one year, and 54% of the money arrives through donor-advised or pass-through sponsors rather than from an institution directly.
- Revenue FY2025
- $2.7M
- Funders on record
- 41
- Grants received
- $2.4M
- Net assets
- $3.2M
What The Friends of Foundation Academy Inc does
Mission
The friends of foundation academies supports, enhances, and promotes the work of foundation academies by raising funds and delivering services, programs, and partnerships that equitably serve the best interests of our school community.
As stated on its FY2025 Form 990.
Programs
Under NJ law, charter schools may not build facilities with public funds. To expand and improve our high school facilities, the Friends of Foundation Academies purchased the neighboring vacant Holy Cross rectory site and spent the better part of the 2018-19 school year constructing a new 10,217 square foot addition in the city's south ward. The existing school building received a complete HVAC, electrical, and interior upgrade. The Friends of FA proudly owns and maintains the high school campus and leases it back to the school.
$954,477 spent$779,793 earned by the program49% of program spendingThroughout college, there are several crucial moments that can put a student at risk of leaving school. The purpose of the Friends of Foundation Academy Knight Fund is to assist FAC alumni, currently enrolled in college or post-secondary institutions, in managing financial hardships that can hinder students from entering or persisting through their post-secondary schooling and careers. Through donations to the Friends of Foundation Academy, Inc, the Knight Fund provides awards, persistence grants and scholarships to deserving alumni.
$62,474 spentof which $62,474 as grants3% of program spendingFunds raised by the Friends of FA help to fill the stark public funding gap between FA and our district counterparts. Support from donations to the Friends provides high-quality enrichment opportunities for students and drives the training, development, and celebration of our remarkable faculty.
$943,047 spent48% of program spending
The 3 programs described on its FY2024 Form 990, listed largest first by expense. Program spending in total: $1,959,998.
The organization over time
Each line starts at 100 in 2018, so what you read is the shape rather than the size: 150 means half as much again as 2018, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.
Balance sheet
Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2024 to 2025, from $17M to $82M (+374%).
How it's funded, over time
Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.
31% of The Friends of Foundation Academy Inc’s revenue is contributions — about as donation-reliant as the typical peer (48% for the typical peer).
Surplus & reserves
Operating surplus or deficit each year, and months of liquidity in hand. 0 of the last 7 reported years ran a deficit.
reserve
Leadership and staff
The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.
Board chair
Donald Hofmann
Chair
As listed on its FY2025 Form 990.
Who funds it, year by year
2018 → 2023: the base broadened from 1 funder to 22 funders, grant income rose $500 → $511k.
15 of 41 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 54% of grant dollars received. That money is really individual donors directing a sponsor; the institutions to cultivate are the non-DAF funders.
From the IRS filings of The Friends of Foundation Academy Inc’s funders (the co-funder graph). Top 30 of 41 funders by total. Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
How concentrated its funding is
The Friends of Foundation Academy Inc has a broad base — no single funder exceeds 16% of grant income, and it takes 4 funders to reach half.
the vertical line marks half of all grant income — 4 funders to its left
59% of the income these shares are computed over arrives through pass-through sponsors or from payers whose filings do not say what kind of payment it is. Concentration is still measured over all of it, because the money is real; what it does not support is a claim about how many institutions have chosen to fund The Friends of Foundation Academy Inc.
Largest funder’s share by year: 2018 100% · 2019 33% · 2020 47% · 2021 32% · 2022 45% · 2023 29% — diversifying over time.
“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
How long its funders stay
50% of The Friends of Foundation Academy Inc's funders are still giving 3 years after their first grant; 51% give in more than one year at all.
Share of funders still giving k years after their first recorded grant, pooled across every acquisition cohort. A funder counts as retained in a year only if it made a grant that year. Measured to FY2023, the last fiscal year that has finished arriving — a funder cannot be counted as lapsed in a year most filers have not reached.
Where its funders are
54% of The Friends of Foundation Academy Inc's grant income arrives through donor-advised or pass-through sponsors, whose addresses record where the money is held rather than where the donor is. Of the $1.1M that is directly attributable, 90% of it comes from funders outside New Jersey, across 12 states.
In-state vs out-of-state, by year
Funder states come from each funder’s own filing. $1.3M arriving through sponsors registered in 11 states is excluded from the map and the split above: a sponsor holds money on a donor’s behalf, so its registered address would place those dollars somewhere no donor need ever have been. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
Against its field
The Friends of Foundation Academy Inc has grown faster than three-quarters of the 9,615 education nonprofits its size.
this organization peer median middle 50% of peers· 9,615 education nonprofits $1M–$10M, FY2025
Organizations like The Friends of Foundation Academy Inc
Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.
In New Jersey
Nationally
Read directly from this organization’s own Form 990, as neutral context.
Where the money goes
84% of spending goes to programs.
Governance
Public support
54%
Share of support from the public (Schedule A) — the basis for its public-charity status.
Footprint & structure
Files a return copy in 1 state
Screen this organization
A dated, signed PDF of the compliance screen for The Friends of Foundation Academy Inc: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.
Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf
Questions and answers
- Who funds The Friends of Foundation Academy Inc?
- The Friends of Foundation Academy Inc (New Jersey) receives grants from 41 organizations whose IRS filings report $2,352,819 to it, the largest being DONOR ADVISED CHARITABLE GIVING INC ($367,000). 21 of them have funded it in more than one year, and 54% of the money arrives through donor-advised or pass-through sponsors rather than from an institution directly.
- How many funders does The Friends of Foundation Academy Inc have?
- IRS filings report 41 organizations giving $2,352,819 in grants to The Friends of Foundation Academy Inc, 21 of which have funded it in more than one year.
- Who is the largest funder of The Friends of Foundation Academy Inc?
- DONOR ADVISED CHARITABLE GIVING INC is the largest funder on record, with $367,000 in grants. The full list of funders is on this page.
- How can an organization like The Friends of Foundation Academy Inc find more funders?
- Start with the funders already giving here, then look at the foundations that back similar organizations in New Jersey. The funding by cause and by state pages list the largest funders for a given area and how to approach them.
Play a game about who funds Friends of Foundation Academy →
These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2025 (financials across 2018–2025), and the filings of 41 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 22, 2026. What this page cannot tell you · view filing