Civic Intelligence

Five Smooth Stones Foundation Inc

990 • Fiscal year 2022 • EIN 27-4400615

Jul 01, 2021 to Jun 30, 2022 • Filed on May 12, 2023

Organization ProfileWWW.BALTIMORECOLLEGIATE.ORG
2525 Kirk AveBaltimore, MD 21218

(443) 642-5320

Siviq Scores

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

Liabilities / Assets

89th percentile

0.78x

Higher debt load relative to assets than 89% of similar nonprofits.

2022 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2022

Liabilities / Revenue

34th percentile

0.08x

Higher debt load relative to revenue than 34% of similar nonprofits.

2022 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2022

Net Margin

29th percentile

-1.2%

Higher net margin than 29% of similar nonprofits.

2022 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2022

Top Officer Pay

51st percentile

$123,961

Higher top officer pay than 51% of similar nonprofits.

Top officer pay equals 1.9% of source-year revenue.

2022 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2022

Asset Growth

47th percentile

-0.0%

Faster asset growth than 47% of similar nonprofits.

2022 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2021 to 2022

Revenue Growth

61st percentile

12%

Faster revenue growth than 61% of similar nonprofits.

2022 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets89th percentile

Assets

Down

$627,314

Down $73 (-0.0%) from 2021

Net Assets

Down

$140,806

Down $75,171 (-35%) from 2021

Liabilities

Up

$486,508

Up $75,098 (+18%) from 2021

Revenue And Expenses
Liabilities / Revenue34th percentileNet Margin29th percentile

Revenue

Up

$6,417,834

Up $665,444 (+12%) from 2021

Expenses

Up

$6,493,005

Up $853,273 (+15%) from 2021

Net Income

Down

-$75,171

Down $187,829 (-167%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth47th 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

2022

Assets$627,314
Liabilities$486,508
Net Assets$140,806
Open 2022 Filing

Operations Trend

Revenue Growth61st 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

2022

Revenue$6,417,834
Expenses$6,493,005
Net Income-$75,171
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2021 to Jun 30, 2022
Signed
May 12, 2023
Return Version
2021v4.2
Gross Receipts
$6,417,834
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$344,155$304,264▼ $39,891
Cash and Non-Interest-Bearing Accounts$84,572$139,274▲ $54,702
Land, Buildings, and Equipment, Net$124,878$112,409▼ $12,469
Prepaid Expenses and Deferred Charges$15,344$27,080▲ $11,736
Savings and Temporary Cash Investments$2,470$319▼ $2,151
Total Assets$627,387$627,314▼ $73
Other Assets Total$55,968$43,968▼ $12,000
Liabilities
Accounts Payable and Accrued Expenses$411,410$486,508▲ $75,098
Total Liabilities$411,410$486,508▲ $75,098
Net Assets / Fund Balance
Net Assets With Donor Restrictions$85,042$85,042→ $0
Net Assets Without Donor Restrictions$130,935$55,764▼ $75,171
Total Net Assets Fund Balance$215,977$140,806▼ $75,171
Total Liabilities and Net Assets / Fund Balance$627,387$627,314▼ $73

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$112,409$341,561$453,970
Other Land Buildings$0$4,999$4,999
Other Assets Org$43,968--
Compensation and Service Providers
Top Officer Pay51st percentile

Employees

NameTitleFull / Part TimeBaseTotal
Jack PannellFounder & PresidentFT$123,961$123,961

Board Members and Trustees

NameTitle
Edwin AventChairman
Henry SmythMember
Laura GreenMember
Mark SellersSecretary
Burck SmithTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,126,066
Program Service Revenue
$5,291,750
Investment Income
$17
Other Revenue
$1
All Other Contributions
$230,394
Change in Net Assets
$-75,171

Audited Revenue Reconciliation

Revenue per Audited Statements
$6,417,834
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$38,344
Total Revenue per Audited Statements
$6,456,178
Total Revenue per Form 990
$6,417,834
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$4,198,461
Other Expenses$2,294,544
Total Fundraising Expense$96,464
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$2,932,754$297,255$32,283$3,262,292
Occupancy$709,133$412,344-$1,121,477
Other Employee Benefits$531,608$23,770$670$556,048
Payroll Taxes$230,431$23,110$2,619$256,160
Fees for Services Other$68,450$91,335$57,697$217,482
Current Officers, Directors, Trustees, and Key Employees$111,439$11,295$1,227$123,961
Fees for Services Accounting-$91,495-$91,495
Depreciation Depletion$62,806$6,298$714$69,818
Fees for Services Legal-$33,544-$33,544
Office Expenses$27,571$2,765$313$30,649
Insurance$24,013$2,408$273$26,694
All Other Expenses$7,544$12,756$86$20,386
Other Expenses$16,255$1,630$185$18,070
Interest$4,641$466$53$5,160
Total Functional Expenses$5,332,220$1,064,321$96,464$6,493,005

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$6,531,349
Expenses per Audited Statements$6,493,005
Total Expenses per Form 990$6,493,005
Expenses Not Reported on Form 990$38,344
Expenses Not Reported on Financial Statements$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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
No
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
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
2525 KIRK AVE, BALTIMORE, MD 21218

Signing Officer

Name
Edwin Avent
Title
President
Phone
4436425320
Signed
2023-05-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Edwin Avent
Formed
2010
Legal Domicile
Md
Voting Board Members
6
Independent Board Members
5
Employees
35
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, 2022, 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, 2022, the statute of limitations for fiscal years 2020 through 2022 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.”

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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/ActivityOrMissionDesc0BALTIMORE 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.
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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/OtherSalariesAndWagesGrp/ProgramServicesAmt02932754
IRS990/OtherSalariesAndWagesGrp/TotalAmt03262292
IRS990/OtherWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/FundraisingAmt02619
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt023110
IRS990/PayrollTaxesGrp/ProgramServicesAmt0230431
IRS990/PayrollTaxesGrp/TotalAmt0256160
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt015344
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt027080
IRS990/PrincipalOfficerNm0EDWIN AVENT
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/BusinessCd1900099
IRS990/ProgramServiceRevenueGrp/Desc0PER PUPIL REVENUE
IRS990/ProgramServiceRevenueGrp/Desc1STUDENT ACTIVITY FEES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt05284835
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt16915
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt05284835
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt16915
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0731618
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0-41
IRS990/PYOtherExpensesAmt02171215
IRS990/PYOtherRevenueAmt0673
IRS990/PYProgramServiceRevenueAmt05020140
IRS990/PYRevenuesLessExpensesAmt0112658
IRS990/PYSalariesCompEmpBnftPaidAmt03468517
IRS990/PYTotalExpensesAmt05639732
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt05752390
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0-75171
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt05291750
IRS990/SavingsAndTempCashInvstGrp/BOYAmt02470
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0319
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/DonatedServicesAndUseFcltsAmt038344
IRS990ScheduleD/DonatedServicesUseFcltsAmt038344
IRS990ScheduleD/EquipmentGrp/BookValueAmt0112409
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0341561
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0453970
IRS990ScheduleD/ExpensesNotReportedAmt038344
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt06493005
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt043968
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0DEPOSITS
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt04999
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt04999
IRS990ScheduleD/RevenueNotReportedAmt038344
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt06417834
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, 2022, 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, 2022, THE STATUTE OF LIMITATIONS FOR FISCAL YEARS 2020 THROUGH 2022 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/TotalBookValueLandBuildingsAmt0112409
IRS990ScheduleD/TotalBookValueOtherAssetsAmt043968
IRS990ScheduleD/TotalExpensesPerForm990Amt06493005
IRS990ScheduleD/TotalRevenuePerForm990Amt06417834
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt06456178
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt06531349
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 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
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0627387
IRS990/TotalAssetsEOYAmt0627314
IRS990/TotalAssetsGrp/BOYAmt0627387
IRS990/TotalAssetsGrp/EOYAmt0627314
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt01126066
IRS990/TotalEmployeeCnt035
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt096464
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt01064321
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt05332220
IRS990/TotalFunctionalExpensesGrp/TotalAmt06493005
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0411410
IRS990/TotalLiabilitiesEOYAmt0486508
IRS990/TotalLiabilitiesGrp/BOYAmt0411410
IRS990/TotalLiabilitiesGrp/EOYAmt0486508
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0215977
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0140806
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt05332220
IRS990/TotalProgramServiceRevenueAmt05291750
IRS990/TotalReportableCompFromOrgAmt0123961
IRS990/TotalRevenueGrp/ExclusionAmt017
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt05291751
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt06417834
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt025
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0627387
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0627314
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt02525 KIRK AVE
IRS990/USAddress/CityNm0BALTIMORE
IRS990/USAddress/StateAbbreviationCd0MD
IRS990/USAddress/ZIPCd021218
IRS990/VotingMembersGoverningBodyCnt06

Document Assets

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Filings

Displayed year

2022 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$627,314
Liabilities
$486,508
Net assets
$140,806
Revenue
$6,417,834
Expenses
$6,493,005
Net income
-$75,171
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