Civic Intelligence

Five Smooth Stones Foundation Inc

990 • Fiscal year 2023 • EIN 27-4400615

Jul 01, 2022 to Jun 30, 2023 • Filed on Apr 04, 2024

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

96th percentile

1.34x

Higher debt load relative to assets than 96% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Liabilities / Revenue

56th percentile

0.12x

Higher debt load relative to revenue than 56% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Net Margin

28th percentile

-6.0%

Higher net margin than 28% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Top Officer Pay

88th percentile

$179,400

Higher top officer pay than 88% of similar nonprofits.

Top officer pay equals 3.7% of source-year revenue.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Asset Growth

4th percentile

-30%

Faster asset growth than 4% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Revenue Growth

15th percentile

-23%

Faster revenue growth than 15% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Assets

Down

$442,207

Down $185,107 (-30%) from 2022

Net Assets

Down

-$152,030

Down $292,836 (-208%) from 2022

Liabilities

Up

$594,237

Up $107,729 (+22%) from 2022

Revenue

Down

$4,913,494

Down $1,504,340 (-23%) from 2022

Expenses

Down

$5,206,330

Down $1,286,675 (-20%) from 2022

Net Income

Down

-$292,836

Down $217,665 (-290%) from 2022

Historical Trend

Balance Sheet Trend

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

2023

Assets$442,207
Liabilities$594,237
Net Assets-$152,030

Operations Trend

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

2023

Revenue$4,913,494
Expenses$5,206,330
Net Income-$292,836
Jump To
Filing Snapshot
Filing Period
Jul 1, 2022 to Jun 30, 2023
Signed
Apr 4, 2024
Return Version
2022v5.0
Gross Receipts
$4,913,494
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
Cash and Non-Interest-Bearing Accounts$139,274$166,412▲ $27,138
Accounts Receivable$304,264$66,875▼ $237,389
Land, Buildings, and Equipment, Net$112,409$61,612▼ $50,797
Prepaid Expenses and Deferred Charges$27,080$1,437▼ $25,643
Savings and Temporary Cash Investments$319$319→ $0
Total Assets$627,314$442,207▼ $185,107
Other Assets Total$43,968$145,552▲ $101,584
Liabilities
Accounts Payable and Accrued Expenses$486,508$492,581▲ $6,073
Other Liabilities$0$101,656▲ $101,656
Total Liabilities$486,508$594,237▲ $107,729
Net Assets / Fund Balance
Net Assets With Donor Restrictions$85,042$83,347▼ $1,695
Net Assets Without Donor Restrictions$55,764$-235,377▼ $291,141
Total Net Assets Fund Balance$140,806$-152,030▼ $292,836
Total Liabilities and Net Assets / Fund Balance$627,314$442,207▼ $185,107

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$61,612$312,161$373,773
Other Land Buildings$0$4,999$4,999
Other Assets Org$101,453--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Edwin AventExecutive DirectorFT$156,000$23,400$179,400

Board Members and Trustees

NameTitle
Burck SmithChairman
Colin McdanielsMember
Stephen AbramsMember
Mark SellersSecretary
Nicole Harrell CPATreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Ler Consultants And AdvisorsOperations Consulting1027 QUARTON ROAD, Birmingham, MI 48009$183,152
EdopsFinance And Accounting1611 CONNECTICUT AVENUE NW SUITE 2, Washington, DC 20009$166,529
D And T Cleaning Services LLCCleaning Services300 E LOMBARD STREET, Baltimore, MD 21202$160,240
Revenue and Support

Revenue Composition

Contributions and Grants
$909,554
Program Service Revenue
$3,976,972
Investment Income
$397
Other Revenue
$26,571
All Other Contributions
$210,955
Change in Net Assets
$-292,836

Audited Revenue Reconciliation

Revenue per Audited Statements
$4,913,494
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$1,082
Total Revenue per Audited Statements
$4,914,576
Total Revenue per Form 990
$4,913,494
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$2,992,950
Other Expenses$2,213,380
Total Fundraising Expense$94,748
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$2,053,951$206,217$36,096$2,296,264
Occupancy$780,352$197,383-$977,735
Fees for Services Other$212,062$150,228$47,007$409,297
Other Employee Benefits$322,757$27,184$761$350,702
Payroll Taxes$169,570$17,373$3,041$189,984
Fees for Services Accounting-$163,537-$163,537
Current Officers, Directors, Trustees, and Key Employees$139,538$14,010$2,452$156,000
Insurance$101,153$10,364$1,814$113,331
Depreciation Depletion$62,501$6,404$1,121$70,026
Interest$21,738$2,227$390$24,355
Fees for Services Legal-$9,437-$9,437
Other Expenses$4,156$426$75$4,657
Office Expenses$4,077$438$73$4,588
All Other Expenses$2,184$224$39$2,447
Total Functional Expenses$4,279,374$832,208$94,748$5,206,330

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$5,207,412
Expenses per Audited Statements$5,206,330
Total Expenses per Form 990$5,206,330
Expenses Not Reported on Form 990$1,082
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Lease Liability - Financing$101,656
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 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
2024-04-04
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
47
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 a not-for-profit that is exempt from federal income taxes, other than net unrelated business income taxes, under the provisions of section 501(c)(3) of the united states internal revenue code and is recognized as such by the internal revenue service. 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, 2023 and 2022, and determined that there were no matters that would require recognition in the accompanying financial statements or which may have any effect on its tax-exempt status. As of june 30, 2023, the statute of limitations for fiscal years 2020 through 2023 remain open with the u.s. Federal jurisdiction or the various state and local jurisdictions 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 in the statements of activities and changes in net assets.

Raw XML AppendixShowing 400 of 488 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.

Path#Value
IRS990/AccountantCompileOrReviewInd00
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt0486508
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt0492581
IRS990/AccountsReceivableGrp/BOYAmt0304264
IRS990/AccountsReceivableGrp/EOYAmt066875
IRS990/ActivitiesConductedPrtshpInd00
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.
IRS990/AllOtherContributionsAmt0210955
IRS990/AllOtherExpensesGrp/FundraisingAmt039
IRS990/AllOtherExpensesGrp/ManagementAndGeneralAmt0224
IRS990/AllOtherExpensesGrp/ProgramServicesAmt02184
IRS990/AllOtherExpensesGrp/TotalAmt02447
IRS990/AnnualDisclosureCoveredPrsnInd01
IRS990/AuditCommitteeInd01
IRS990/BackupWthldComplianceInd01
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0THE ORGANIZATION
IRS990/BooksInCareOfDetail/PhoneNum04436425320
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt02525 KIRK AVE
IRS990/BooksInCareOfDetail/USAddress/CityNm0BALTIMORE
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0MD
IRS990/BooksInCareOfDetail/USAddress/ZIPCd021218
IRS990/BusinessRlnWith35CtrlEntInd00
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CashNonInterestBearingGrp/BOYAmt0139274
IRS990/CashNonInterestBearingGrp/EOYAmt0166412
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt03
IRS990/CollectionsOfArtInd00
IRS990/CompCurrentOfcrDirectorsGrp/FundraisingAmt02452
IRS990/CompCurrentOfcrDirectorsGrp/ManagementAndGeneralAmt014010
IRS990/CompCurrentOfcrDirectorsGrp/ProgramServicesAmt0139538
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt0156000
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd01
IRS990/CompensationProcessOtherInd00
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd00
IRS990/ContractorCompensationGrp/CompensationAmt0183152
IRS990/ContractorCompensationGrp/CompensationAmt1166529
IRS990/ContractorCompensationGrp/CompensationAmt2160240
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt01027 QUARTON ROAD
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt11611 CONNECTICUT AVENUE NW SUITE 2
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt2300 E LOMBARD STREET
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm0BIRMINGHAM
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm1WASHINGTON
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm2BALTIMORE
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd0MI
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd1DC
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd2MD
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd048009
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd120009
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd221202
IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt0LER CONSULTANTS AND ADVISORS
IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt1EDOPS
IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt2D AND T CLEANING SERVICES LLC
IRS990/ContractorCompensationGrp/ServicesDesc0OPERATIONS CONSULTING
IRS990/ContractorCompensationGrp/ServicesDesc1FINANCE AND ACCOUNTING
IRS990/ContractorCompensationGrp/ServicesDesc2CLEANING SERVICES
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt0909554
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt0397
IRS990/CYOtherExpensesAmt02213380
IRS990/CYOtherRevenueAmt026571
IRS990/CYProgramServiceRevenueAmt03976972
IRS990/CYRevenuesLessExpensesAmt0-292836
IRS990/CYSalariesCompEmpBnftPaidAmt02992950
IRS990/CYTotalExpensesAmt05206330
IRS990/CYTotalFundraisingExpenseAmt094748
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt04913494
IRS990/DecisionsSubjectToApprovaInd00
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DelegationOfMgmtDutiesInd00
IRS990/DepreciationDepletionGrp/FundraisingAmt01121
IRS990/DepreciationDepletionGrp/ManagementAndGeneralAmt06404
IRS990/DepreciationDepletionGrp/ProgramServicesAmt062501
IRS990/DepreciationDepletionGrp/TotalAmt070026
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.
IRS990/DescribedInSection501c3Ind01
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd01
IRS990/DonorAdvisedFundInd00
IRS990/DonorRestrictionNetAssetsGrp/BOYAmt085042
IRS990/DonorRestrictionNetAssetsGrp/EOYAmt083347
IRS990/DonorRstrOrQuasiEndowmentsInd00
IRS990/ElectionOfBoardMembersInd00
IRS990/EmployeeCnt047
IRS990/EmploymentTaxReturnsFiledInd01
IRS990/EngagedInExcessBenefitTransInd00
IRS990/ExpenseAmt04279374
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditRequiredInd00
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt0163537
IRS990/FeesForServicesAccountingGrp/TotalAmt0163537
IRS990/FeesForServicesLegalGrp/ManagementAndGeneralAmt09437
IRS990/FeesForServicesLegalGrp/TotalAmt09437
IRS990/FeesForServicesOtherGrp/FundraisingAmt047007
IRS990/FeesForServicesOtherGrp/ManagementAndGeneralAmt0150228
IRS990/FeesForServicesOtherGrp/ProgramServicesAmt0212062
IRS990/FeesForServicesOtherGrp/TotalAmt0409297
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form8282PropertyDisposedOfInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt02.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt12.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt22.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt32.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt440.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt52.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/PersonNm0NICOLE HARRELL CPA
IRS990/Form990PartVIISectionAGrp/PersonNm1MARK SELLERS
IRS990/Form990PartVIISectionAGrp/PersonNm2STEPHEN ABRAMS
IRS990/Form990PartVIISectionAGrp/PersonNm3COLIN MCDANIELS
IRS990/Form990PartVIISectionAGrp/PersonNm4EDWIN AVENT
IRS990/Form990PartVIISectionAGrp/PersonNm5BURCK SMITH
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt4179400
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/TitleTxt0TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt1SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt2MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt3MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt4EXECUTIVE DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5CHAIRMAN
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr02010
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt06
IRS990/GovernmentGrantsAmt0698599
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt04913494
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt05
IRS990/IndivRcvdGreaterThan100KCnt01
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InsuranceGrp/FundraisingAmt01814
IRS990/InsuranceGrp/ManagementAndGeneralAmt010364
IRS990/InsuranceGrp/ProgramServicesAmt0101153
IRS990/InsuranceGrp/TotalAmt0113331
IRS990/InterestGrp/FundraisingAmt0390
IRS990/InterestGrp/ManagementAndGeneralAmt02227
IRS990/InterestGrp/ProgramServicesAmt021738
IRS990/InterestGrp/TotalAmt024355
IRS990/InvestmentIncomeGrp/ExclusionAmt0397
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0397
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt010
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0317160
IRS990/LandBldgEquipBasisNetGrp/BOYAmt0112409
IRS990/LandBldgEquipBasisNetGrp/EOYAmt061612
IRS990/LandBldgEquipCostOrOtherBssAmt0378772
IRS990/LegalDomicileStateCd0MD
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd00
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0BALTIMORE 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.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt0140806
IRS990/NetAssetsOrFundBalancesEOYAmt0-152030
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt055764
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0-235377
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt0197383
IRS990/OccupancyGrp/ProgramServicesAmt0780352
IRS990/OccupancyGrp/TotalAmt0977735
IRS990/OfficeExpensesGrp/FundraisingAmt073
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt0438
IRS990/OfficeExpensesGrp/ProgramServicesAmt04077
IRS990/OfficeExpensesGrp/TotalAmt04588
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt043968
IRS990/OtherAssetsTotalGrp/EOYAmt0145552
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt0761
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt027184
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0322757
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0350702
IRS990/OtherExpensesGrp/Desc0STUDENT EXPENSES
IRS990/OtherExpensesGrp/Desc1DUES AND SUBSCRIPTIONS
IRS990/OtherExpensesGrp/Desc2PROFESSIONAL DEVELOPMEN
IRS990/OtherExpensesGrp/Desc3PRINTING AND REPRODUCTI
IRS990/OtherExpensesGrp/FundraisingAmt01879
IRS990/OtherExpensesGrp/FundraisingAmt175
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt010735
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt116021
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt2426
IRS990/OtherExpensesGrp/ProgramServicesAmt0236474
IRS990/OtherExpensesGrp/ProgramServicesAmt1104774
IRS990/OtherExpensesGrp/ProgramServicesAmt264087
IRS990/OtherExpensesGrp/ProgramServicesAmt34156
IRS990/OtherExpensesGrp/TotalAmt0236474
IRS990/OtherExpensesGrp/TotalAmt1117388
IRS990/OtherExpensesGrp/TotalAmt280108
IRS990/OtherExpensesGrp/TotalAmt34657
IRS990/OtherLiabilitiesGrp/BOYAmt00
IRS990/OtherLiabilitiesGrp/EOYAmt0101656
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0OTHER REVENUE
IRS990/OtherRevenueMiscGrp/ExclusionAmt026571
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt026571
IRS990/OtherRevenueTotalAmt026571
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt036096
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0206217
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt02053951
IRS990/OtherSalariesAndWagesGrp/TotalAmt02296264
IRS990/OtherWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/FundraisingAmt03041
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt017373
IRS990/PayrollTaxesGrp/ProgramServicesAmt0169570
IRS990/PayrollTaxesGrp/TotalAmt0189984
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt027080
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt01437
IRS990/PrincipalOfficerNm0EDWIN AVENT
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0611710
IRS990/ProgramServiceRevenueGrp/BusinessCd1611710
IRS990/ProgramServiceRevenueGrp/Desc0PER PUPIL REVENUE
IRS990/ProgramServiceRevenueGrp/Desc1STUDENT ACTIVITY FEES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt03973392
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt13580
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt03973392
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt13580
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt01126066
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt017
IRS990/PYOtherExpensesAmt02294544
IRS990/PYOtherRevenueAmt01
IRS990/PYProgramServiceRevenueAmt05291750
IRS990/PYRevenuesLessExpensesAmt0-75171
IRS990/PYSalariesCompEmpBnftPaidAmt04198461
IRS990/PYTotalExpensesAmt06493005
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt06417834
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0-292836
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt03976972
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0319
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/DonatedServicesAndUseFcltsAmt01082
IRS990ScheduleD/DonatedServicesUseFcltsAmt01082
IRS990ScheduleD/EquipmentGrp/BookValueAmt061612
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0312161
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0373773
IRS990ScheduleD/ExpensesNotReportedAmt01082
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt05206330
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt044099
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt1101453
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0DEPOSITS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1RIGHT OF USE ASSET - FINANCING LEASE
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt04999
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt04999
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0101656
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0LEASE LIABILITY - FINANCING
IRS990ScheduleD/RevenueNotReportedAmt01082
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt04913494
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE FOUNDATION IS A NOT-FOR-PROFIT THAT IS EXEMPT FROM FEDERAL INCOME TAXES, OTHER THAN NET UNRELATED BUSINESS INCOME TAXES, UNDER THE PROVISIONS OF SECTION 501(C)(3) OF THE UNITED STATES INTERNAL REVENUE CODE AND IS RECOGNIZED AS SUCH BY THE INTERNAL REVENUE SERVICE. 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, 2023 AND 2022, AND DETERMINED THAT THERE WERE NO MATTERS THAT WOULD REQUIRE RECOGNITION IN THE ACCOMPANYING FINANCIAL STATEMENTS OR WHICH MAY HAVE ANY EFFECT ON ITS TAX-EXEMPT STATUS. AS OF JUNE 30, 2023, THE STATUTE OF LIMITATIONS FOR FISCAL YEARS 2020 THROUGH 2023 REMAIN OPEN WITH THE U.S. FEDERAL JURISDICTION OR THE VARIOUS STATE AND LOCAL JURISDICTIONS 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 IN THE STATEMENTS OF ACTIVITIES AND CHANGES IN NET ASSETS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt061612
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0145552
IRS990ScheduleD/TotalExpensesPerForm990Amt05206330
IRS990ScheduleD/TotalLiabilityAmt0101656
IRS990ScheduleD/TotalRevenuePerForm990Amt04913494
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt04914576
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt05207412
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
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0156000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount023400
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0EDWIN AVENT
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0EXECUTIVE DIRECTOR
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0179400
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt00
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
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

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings