Civic Intelligence

Five Smooth Stones Foundation Inc

990 • Fiscal year 2019 • EIN 27-4400615

Jul 01, 2018 to Jun 30, 2019 • Filed on Jul 13, 2020

Organization Profilewww.baltimorecollegiate.org
2500 E Northern ParkwayBaltimore, MD 21214

(443) 642-5320

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

81st percentile

0.60x

Higher debt load relative to assets than 81% of similar nonprofits.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2019

Liabilities / Revenue

27th percentile

0.06x

Higher debt load relative to revenue than 27% of similar nonprofits.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2019

Net Margin

33rd percentile

-1.6%

Higher net margin than 33% of similar nonprofits.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2019

Top Officer Pay

46th percentile

$113,800

Higher top officer pay than 46% of similar nonprofits.

Top officer pay equals 2.0% of source-year revenue.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2019

Asset Growth

60th percentile

6.2%

Faster asset growth than 60% of similar nonprofits.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2018 to 2019

Revenue Growth

62nd percentile

8.3%

Faster revenue growth than 62% of similar nonprofits.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets81st percentile

Assets

Up

$548,368

Up $32,168 (+6.2%) from 2018

Net Assets

Down

$221,926

Down $91,566 (-29%) from 2018

Liabilities

Up

$326,442

Up $123,734 (+61%) from 2018

Revenue And Expenses
Liabilities / Revenue27th percentileNet Margin33rd percentile

Revenue

Up

$5,599,204

Up $430,639 (+8.3%) from 2018

Expenses

Up

$5,688,202

Up $484,264 (+9.3%) from 2018

Net Income

Down

-$88,998

Down $53,625 (-152%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth60th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$800K$600K$400K$200K$0-$200KAssets 2015: $121,219Liabilities 2015: $117,879Net Assets 2015: $3,3402015Assets 2016: $158,667Liabilities 2016: $186,924Net Assets 2016: -$28,2572016Assets 2017: $532,927Liabilities 2017: $184,915Net Assets 2017: $348,0122017Assets 2018: $516,200Liabilities 2018: $202,708Net Assets 2018: $313,4922018Assets 2019: $548,368Liabilities 2019: $326,442Net Assets 2019: $221,9262019Assets 2020: $570,506Liabilities 2020: $467,187Net Assets 2020: $103,3192020Assets 2021: $627,387Liabilities 2021: $411,410Net Assets 2021: $215,9772021Assets 2022: $627,314Liabilities 2022: $486,508Net Assets 2022: $140,8062022Assets 2023: $442,207Liabilities 2023: $594,237Net Assets 2023: -$152,0302023Assets 2024: $631,043Liabilities 2024: $640,727Net Assets 2024: -$9,6842024

Highlighted filing

2019

Assets$548,368
Liabilities$326,442
Net Assets$221,926
Open 2019 Filing

Operations Trend

Revenue Growth62nd percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$8.0M$6.0M$4.0M$2.0M$0-$2.0MRevenue 2015: $240,962Expenses 2015: $193,718Net Income 2015: $47,2442015Revenue 2016: $2,667,849Expenses 2016: $2,657,285Net Income 2016: $10,5642016Revenue 2017: $3,761,588Expenses 2017: $3,385,319Net Income 2017: $376,2692017Revenue 2018: $5,168,565Expenses 2018: $5,203,938Net Income 2018: -$35,3732018Revenue 2019: $5,599,204Expenses 2019: $5,688,202Net Income 2019: -$88,9982019Revenue 2020: $5,630,855Expenses 2020: $5,749,462Net Income 2020: -$118,6072020Revenue 2021: $5,752,390Expenses 2021: $5,639,732Net Income 2021: $112,6582021Revenue 2022: $6,417,834Expenses 2022: $6,493,005Net Income 2022: -$75,1712022Revenue 2023: $4,913,494Expenses 2023: $5,206,330Net Income 2023: -$292,8362023Revenue 2024: $5,525,768Expenses 2024: $5,383,422Net Income 2024: $142,3462024

Highlighted filing

2019

Revenue$5,599,204
Expenses$5,688,202
Net Income-$88,998
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
Jul 13, 2020
Return Version
2018v3.2
Gross Receipts
$5,630,878
Mission and Program Overview

Mission

Baltimore collegiate school for boys provides the finest liberal arts education possible to baltimore's next generation of young men, ensuring that they will become responsible citizens trained to lead and serve our community, our nation, and our world.

Balance Sheet Detail
LineBeginningEndChange
Assets
Accounts Receivable$99,265$371,483▲ $272,218
Land, Buildings, and Equipment, Net$151,979$103,867▼ $48,112
Cash and Non-Interest-Bearing Accounts$42,811$65,213▲ $22,402
Investments in Publicly Traded Securities$40,051--
Savings and Temporary Cash Investments$156,858$3,395▼ $153,463
Prepaid Expenses and Deferred Charges$25,236$1,959▼ $23,277
Total Assets$516,200$548,368▲ $32,168
Other Assets Total$0$2,451▲ $2,451
Liabilities
Accounts Payable and Accrued Expenses$144,148$320,435▲ $176,287
Other Liabilities$58,560$6,007▼ $52,553
Total Liabilities$202,708$326,442▲ $123,734
Net Assets / Fund Balance
Unrestricted Net Assets$313,492$151,926▼ $161,566
Temporarily Rstr Net Assets-$70,000-
Total Net Assets Fund Balance$313,492$221,926▼ $91,566
Total Liabilities and Net Assets / Fund Balance$516,200$548,368▲ $32,168

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$102,701$137,299$240,000
Other Land Buildings$1,166$3,833$4,999
Compensation and Service Providers
Top Officer Pay46th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Jack PannellFounder & PresidentFT$113,800$113,800

Board Members and Trustees

NameTitle
Edwin AventChair
Betsey HobelmannChair - former
Julie HigginsVice Chair & Secretary
Henry SmithMember
Kate JordanMember
Phaedra StewartMember
Fabian WaltersMember - former
Geoff HengererMember - former
Burck SmithTreasurer
David KhanTreasurer - former
Revenue and Support

Revenue Composition

Contributions and Grants
$418,600
Program Service Revenue
$5,172,365
Investment Income
$6,217
Other Revenue
$2,022
All Other Contributions
$331,443
Change in Net Assets
$-88,998

Audited Revenue Reconciliation

Revenue per Audited Statements
$5,599,204
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$-2,568
Total Revenue per Audited Statements
$5,596,636
Total Revenue per Form 990
$5,599,204
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$4,272,110
Other Expenses$1,416,092
Total Fundraising Expense$140,560
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$3,110,835$194,618$27,004$3,332,457
Other Employee Benefits$567,620$13,850$471$581,941
Occupancy$342,687$58,263-$400,950
Payroll Taxes$228,049$13,715$2,148$243,912
Fees for Services Other$116,703$70,198-$186,901
Current Officers, Directors, Trustees, and Key Employees$106,232$6,646$922$113,800
Fees for Services Accounting$38,427$23,115-$61,542
Office Expenses$56,233$3,382$530$60,145
Depreciation Depletion$55,070$3,562$498$59,130
Insurance$23,313$1,283$201$24,797
All Other Expenses$21,819$1,313$206$23,338
Fees for Services Legal$11,769$7,080-$18,849
Other Expenses$16,084$967$151$17,202
Interest$376$23$4$403
Total Functional Expenses$5,132,749$414,893$140,560$5,688,202

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$5,688,202
Total Expenses per Audited Statements$5,688,202
Total Expenses per Form 990$5,688,202
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Capital Lease$6,007
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, line 8B

“There is no committee that has authority to act on behalf of the governing body.”

Form 990, Part VI, Section B, line 11B

“Senior management reviews the 990 after it is prepared by external CPA firm. The Finance Committee then reviews the 990, followed by the full Board of Trustees.”

Form 990, Part VI, Section B, line 12C

“New Board members sign a conflict of interest statement. Existing Board members annually attest and sign the conflict of interest statement at the annual meeting. If a potential conflict of interest exists, the Board will discuss and ask for legal review, if necessary.”

Form 990, Part VI, Section B, line 15A

“A compensation committee was formed, which researched executive director compensation at other charter schools in the Baltimore area, based on size of school, when the school started, etc. The committee then submitted this information to the full Board of Trustees, along with a salary recommendation. The full Board negotiated final terms with the Executive Director, in consultation with legal counsel.”

Form 990, Part VI, Section C, line 19

“Available upon request.”

Filing and Contact Details

Filer

Filer Name
Five Smooth Stones Foundation Inc
EIN
27-4400615
Phone
4436425320
Address
2500 E Northern Parkway, Baltimore, MD 21214

Signing Officer

Name
Jack Pannell
Title
President/Founder
Phone
4436425320
Signed
2020-07-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jack Pannell
Formed
2010
Legal Domicile
Md
Voting Board Members
11
Independent Board Members
10
Employees
53
Volunteers
25

Preparer

Firm
SB & Company LLC
Address
10200 Grand Central Avenue Suite, 250, Owings Mills, MD 21117
Preparer
Pamela Gray
Phone
4105840060
Supplemental Narrative

Additional Explanations

Form 990, Part XII, Line 2C:

“The process has not changed from prior year.”

Financial Statement Notes

Part X, Line 2:

“The Foundation is exempt from the payment of income taxes on income other than net unrelated business income under Section 501(c)(3) of the Internal Revenue Code. The provisions included in accounting principles generally accepted in the United States of America provide consistent guidance for the accounting for uncertainty in income taxes recognized in an entity's financial statements and prescribe a threshold of "more likely than not" for recognition of tax positions taken or expected to be taken in a tax return. The Foundation performed an evaluation of uncertain tax positions as of June 30, 2019, and determined that there were no matters that would require recognition in the financial statements or that may have any effect on its tax-exempt status. As of June 30, 2019, the statute of limitations for fiscal years 2016 through 2019 remain open with the U.S. Federal jurisdiction or the state and local jurisdiction in which the Foundation files tax returns. It is the Foundation's policy to recognize interest and/or penalties related to uncertain tax positions, if any, as income tax expense.”

Raw XML AppendixShowing 400 of 484 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Desc0The Five Smooth Stones Foundation is committed to transforming a generation of boys and young men in Baltimore City through the finest educational opportunities possible. The Foundation was organized to launch Baltimore Collegiate School for Boys and is the operator of the first all-boys public charter school in Baltimore City designed with an integrated curriculum and academic program from grade 4 through grade 8.
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IRS990/Form990PartVIISectionAGrp/PersonNm1Edwin Avent
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IRS990/Form990PartVIISectionAGrp/TitleTxt0Founder & President
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IRS990/Form990PartVIISectionAGrp/TitleTxt2Vice Chair & Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt3Treasurer
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IRS990/OccupancyGrp/TotalAmt0400950
IRS990/OfficeExpensesGrp/FundraisingAmt0530
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt03382
IRS990/OfficeExpensesGrp/ProgramServicesAmt056233
IRS990/OfficeExpensesGrp/TotalAmt060145
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt00
IRS990/OtherAssetsTotalGrp/EOYAmt02451
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt0471
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt013850
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0567620
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0581941
IRS990/OtherExpensesGrp/Desc0Student expenses
IRS990/OtherExpensesGrp/Desc1Misc Expenses
IRS990/OtherExpensesGrp/Desc2Professional Developmen
IRS990/OtherExpensesGrp/Desc3Telephone and Telecommu
IRS990/OtherExpensesGrp/FundraisingAmt0108425
IRS990/OtherExpensesGrp/FundraisingAmt1151
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt07910
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt18968
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt2967
IRS990/OtherExpensesGrp/ProgramServicesAmt0334712
IRS990/OtherExpensesGrp/ProgramServicesAmt166949
IRS990/OtherExpensesGrp/ProgramServicesAmt235871
IRS990/OtherExpensesGrp/ProgramServicesAmt316084
IRS990/OtherExpensesGrp/TotalAmt0334712
IRS990/OtherExpensesGrp/TotalAmt1183284
IRS990/OtherExpensesGrp/TotalAmt244839
IRS990/OtherExpensesGrp/TotalAmt317202
IRS990/OtherLiabilitiesGrp/BOYAmt058560
IRS990/OtherLiabilitiesGrp/EOYAmt06007
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0Other revenue
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt02022
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt02022
IRS990/OtherRevenueTotalAmt02022
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt027004
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0194618
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt03110835
IRS990/OtherSalariesAndWagesGrp/TotalAmt03332457
IRS990/OtherWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/FundraisingAmt02148
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt013715
IRS990/PayrollTaxesGrp/ProgramServicesAmt0228049
IRS990/PayrollTaxesGrp/TotalAmt0243912
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt025236
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt01959
IRS990/PrincipalOfficerNm0Jack Pannell
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/BusinessCd1900099
IRS990/ProgramServiceRevenueGrp/Desc0Per pupil revenue
IRS990/ProgramServiceRevenueGrp/Desc1Student activity fees
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt05144169
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt128196
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt05144169
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt128196
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0539895
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt01686
IRS990/PYOtherExpensesAmt01293481
IRS990/PYOtherRevenueAmt01645
IRS990/PYProgramServiceRevenueAmt04625339
IRS990/PYRevenuesLessExpensesAmt0-35373
IRS990/PYSalariesCompEmpBnftPaidAmt03910457
IRS990/PYTotalExpensesAmt05203938
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt05168565
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-88998
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt05172365
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0156858
IRS990/SavingsAndTempCashInvstGrp/EOYAmt03395
IRS990ScheduleA/SchoolInd0X
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/EquipmentGrp/BookValueAmt0102701
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0137299
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0240000
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt05688202
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0-2568
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt01166
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt03833
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt04999
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt06007
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Capital Lease
IRS990ScheduleD/RevenueNotReportedAmt0-2568
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt05599204
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0The Foundation is exempt from the payment of income taxes on income other than net unrelated business income under Section 501(c)(3) of the Internal Revenue Code. The provisions included in accounting principles generally accepted in the United States of America provide consistent guidance for the accounting for uncertainty in income taxes recognized in an entity's financial statements and prescribe a threshold of "more likely than not" for recognition of tax positions taken or expected to be taken in a tax return. The Foundation performed an evaluation of uncertain tax positions as of June 30, 2019, and determined that there were no matters that would require recognition in the financial statements or that may have any effect on its tax-exempt status. As of June 30, 2019, the statute of limitations for fiscal years 2016 through 2019 remain open with the U.S. Federal jurisdiction or the state and local jurisdiction in which the Foundation files tax returns. It is the Foundation's policy to recognize interest and/or penalties related to uncertain tax positions, if any, as income tax expense.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X, Line 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0103867
IRS990ScheduleD/TotalExpensesPerForm990Amt05688202
IRS990ScheduleD/TotalLiabilityAmt06007
IRS990ScheduleD/TotalRevenuePerForm990Amt05599204
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt05596636
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt05688202
IRS990ScheduleE/ComplianceWithRevProc7550Ind01
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd00
IRS990ScheduleE/DiscriminateRaceAthltProgInd00
IRS990ScheduleE/DiscriminateRaceEducPlcyInd00
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd00
IRS990ScheduleE/DiscriminateRaceOtherActyInd00
IRS990ScheduleE/DiscriminateRaceSchsInd00
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd00
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd00
IRS990ScheduleE/GovernmentFinancialAidRcvdInd01
IRS990ScheduleE/GovernmentFinancialAidRvkdInd00
IRS990ScheduleE/MaintainCpyOfAllSolInd01
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd01
IRS990ScheduleE/MaintainRacialCompRecsInd01
IRS990ScheduleE/MaintainScholarshipsRecsInd01
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd01
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd01
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd01
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0The organization includes its non-discrimination policy on its website and online and offline admission application.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1The organization received funding from the U.S. Department of Education Charter Schools Program (84.282B) for planning, program design and implementation activities. The organization also received funding from the Baltimore City Public School System.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule E, Part I, Line 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1Schedule E, Part I, Line 6
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0There is no committee that has authority to act on behalf of the governing body.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Senior management reviews the 990 after it is prepared by external CPA firm. The Finance Committee then reviews the 990, followed by the full Board of Trustees.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2New Board members sign a conflict of interest statement. Existing Board members annually attest and sign the conflict of interest statement at the annual meeting. If a potential conflict of interest exists, the Board will discuss and ask for legal review, if necessary.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3A compensation committee was formed, which researched executive director compensation at other charter schools in the Baltimore area, based on size of school, when the school started, etc. The committee then submitted this information to the full Board of Trustees, along with a salary recommendation. The full Board negotiated final terms with the Executive Director, in consultation with legal counsel.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Available upon request.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5The process has not changed from prior year.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section A, line 8b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section B, line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section B, line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Section C, line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part XII, Line 2c:
IRS990/SchoolOperatingInd01
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0MD
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00

Document Assets

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Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$548,368
Liabilities
$326,442
Net assets
$221,926
Revenue
$5,599,204
Expenses
$5,688,202
Net income
-$88,998
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.63$0.64$0.01$5.53$5.38$0.14
2023Detailed filing. Detailed filing data is available for this year.$0.44$0.59$0.15$4.91$5.21$0.29
2022Detailed filing. Detailed filing data is available for this year.$0.63$0.49$0.14$6.42$6.49$0.08
2021Detailed filing. Detailed filing data is available for this year.$0.63$0.41$0.22$5.75$5.64$0.11
2020Detailed filing. Detailed filing data is available for this year.$0.57$0.47$0.10$5.63$5.75$0.12
2019Detailed filing. Detailed filing data is available for this year.$0.55$0.33$0.22$5.60$5.69$0.09
2018Detailed filing. Detailed filing data is available for this year.$0.52$0.20$0.31$5.17$5.20$0.04
2017Detailed filing. Detailed filing data is available for this year.$0.53$0.18$0.35$3.76$3.39$0.38
2016Detailed filing. Detailed filing data is available for this year.$0.16$0.19$0.03$2.67$2.66$0.01
2015Detailed filing. Detailed filing data is available for this year.$0.12$0.12$0.00$0.24$0.19$0.05