Friends Academy

The information on this page was last updated 4/21/2023. If you see errors or omissions, please email: [email protected]


At Friends Academy, students are taught that integrity matters in all they do, and that the standards we keep in the classrooms and hallways of our school are indicators of how we'll impact the world.

What is a Quaker Education?

We take an excellent education and contextualize it with real-world questions, and then equip students with the knowledge and resources to develop real-time solutions. We do all of this with our values at the forefront to guide us through decisions and milestones with intention and discernment.

When a child's entire educational experience is based on a foundation of essential, human values, they develop into open, caring, and confident adults. Our Quaker approach to education is rooted in our core values of simplicity, peace, integrity, community, equity, stewardship, and service.

While these values are historical tenets of Quakerism, at Friends Academy, they are values that are very much present, active, and alive. We don't just teach or learn what's in front us, we dive deeper into the "why."

Contact information

Mailing address:
Friends Academy
270 Duck Pond Road
Locust Valley, NY 11560


Phone: 516-676-0393

Email: [email protected]

Organization details

EIN: 111633485

CEO/President: Paul J. Stellato

Chairman: Frank Ingrassia

Board size: 21


Ruling year: 1934

Tax deductible: Yes

Fiscal year end: 06/30

Member of ECFA: No

Member of ECFA since:


We achieve educational excellence by committing to the highest standards of learning and living.

Our diverse and welcoming community is strengthened by our Quaker values, which empower our students to inquire, reflect, and engage in their classrooms, in their neighborhoods, and in the world.

Because when we inspire students to learn and live with purpose, they achieve greatness without sacrificing goodness.

We keep our attention on what truly matters, simplifying whenever possible so that we can always stay close to the issue at hand. We know that less is more, in more ways than one. The world is a complicated place, and it's easy to get lost in the complexities. We know when to overlook the unnecessary so that the necessary can speak. This enables us to learn and live with the highest standards.

We see conflict as an opportunity for growth, approaching that inevitable tension with an intention of peace and dignity. Valuing peace doesn't mean we never take a stand or defend our ideas. We know the value of healthy debate and the beauty of seeing all sides of the story. We believe in the power of poise and self-control as the best ways to listen, learn, and compromise.

We balance the needs of individuals with the needs of our community and understand the relationship between both. We believe in the power of friendship, support, and connection, and we know that our world needs our collective efforts. We commit to each other so that we may solve our community's challenges and foster a sense of belonging for everyone. When we band together, we learn and live to the fullest.

We are seekers of equality and advocates for equity. We lift one another up and unify the light in us all. We respect all differences, and are curious about ideas, faiths, and backgrounds. We believe that society should be equitable and that inclusivity is not a goal to check off a list, but rather a culture that is intentionally woven into our lives. As a result, we learn from and with everyone we encounter.

We take accountability for the world around us through education, appreciation, and service. We approach education with a purpose to serve so that we may use our knowledge and our talents to push for social change and positively impact our community and our world.

Modeling the right relationship with our natural surroundings ensures a healthier world for generations to come. We understand the importance of educating our students about limited resources, how we can protect them, and why we must be stewards of our earth including and on behalf of those that may not be able to do so. This intentional balance of equity fuels creative ideas and sustainable solutions for our community and for our planet.

We believe in treating others with respect and honesty, seeing each interaction as a chance to act with integrity. We know that the standards we keep in the classrooms and hallways of our school are indicators of how we'll impact the world. We have high expectations of ourselves, and we reflect on our actions often so that we may shine our brightest.

Mission statement

Guided by our Quaker principles, Friends Academy educates our students to discover and develop the best of who they are and who they can become.

Statement of faith

Donor confidence score

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Transparency grade


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Financial efficiency ratings

Sector: K-12 Schools/Academies

CategoryRatingOverall rankSector rank
Overall efficiency rating860 of 111246 of 49
Fund acquisition rating941 of 111446 of 49
Resource allocation rating681 of 111433 of 49
Asset utilization rating582 of 111234 of 49

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Balance sheet
Receivables, inventories, prepaids$897,022$1,331,209$799,669$1,050,955$506,861
Short-term investments$60,374,570$57,027,441$68,851,560$62,453,290$61,870,943
Other current assets$0$0$0$0$0
Total current assets$69,764,901$65,767,634$76,331,567$68,018,694$65,374,257
Long-term investments$0$63,060$116,999$209,336$621,209
Fixed assets$40,733,898$41,134,915$41,454,252$41,508,672$42,746,020
Other long-term assets$2,980$1,034$2,712$4,653$1,221
Total long-term assets$40,736,878$41,199,009$41,573,963$41,722,661$43,368,450
Total assets$110,501,779$106,966,643$117,905,530$109,741,355$108,742,707
Payables and accrued expenses$2,019,831$2,264,360$2,653,763$1,803,204$2,106,702
Other current liabilities$4,587,712$4,207,248$4,173,381$3,233,444$4,338,586
Total current liabilities$6,607,543$6,471,608$6,827,144$5,036,648$6,445,288
Due to (from) affiliates$0$0$0$0$0
Other long-term liabilities$0$0$0$0$0
Total long-term liabilities$9,792,545$8,916,290$9,320,037$9,714,003$10,097,793
Total liabilities$16,400,088$15,387,898$16,147,181$14,750,651$16,543,081
Net assets20232022202120202019
Without donor restrictions$89,747,917$87,655,678$96,167,292$90,373,637$89,054,994
With donor restrictions$4,353,774$3,923,067$5,591,057$4,617,067$3,144,632
Net assets$94,101,691$91,578,745$101,758,349$94,990,704$92,199,626
Revenues and expenses
Total contributions$2,879,353$3,819,168$2,779,270$3,047,511$2,628,916
Program service revenue$29,136,807$28,433,081$26,094,302$26,681,954$27,271,388
Membership dues$0$0$0$0$0
Investment income$1,262,022$1,394,558$1,217,204$1,576,679$1,514,138
Other revenue$429,401($9,723)$320,562$164,327$559,482
Total other revenue$30,828,230$29,817,916$27,632,068$28,422,960$29,345,008
Total revenue$33,707,583$33,637,084$30,411,338$31,470,471$31,973,924
Program services$29,069,043$27,435,781$25,585,288$25,347,317$26,926,779
Management and general$5,815,394$4,658,106$12,206,463$3,960,987$3,840,034
Total expenses$36,300,239$33,276,246$38,940,193$30,416,813$31,856,754
Change in net assets20232022202120202019
Surplus (deficit)($2,592,656)$360,838($8,528,855)$1,053,658$117,170
Other changes in net assets$0$0$0$0$0
Total change in net assets($2,592,656)$360,838($8,528,855)$1,053,658$117,170


Andrea KellyHead of School$715,572
Ann Marie TidonaDirector of Finance$369,325
Taisha ThompsonDirector of Admissions$302,655
Jenifer HallidayAssistant Head of School$301,137
Mark SchoeffelUpper School Principal$236,772
Diana ParenteDirector of Athletics & P.e.$235,468
Kevin BarryDirector of Advancement$229,690

Compensation data as of: 6/30/2023

Response from ministry

No response has been provided by this ministry.

The information below was provided to MinistryWatch by the ministry itself. It was last updated 4/21/2023. To update the information below, please email: [email protected]


Program accomplishments