Civic Intelligence

Five Smooth Stones Foundation Inc

990 • Fiscal year 2017 • EIN 27-4400615

Jul 01, 2016 to Jun 30, 2017 • Filed on May 08, 2018

Organization Profilewww.baltimorecollegiate.org
4 W Read StBaltimore, MD 21201

(410) 929-1899

Siviq Scores

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

Liabilities / Assets

73rd percentile

0.35x

Higher debt load relative to assets than 73% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Liabilities / Revenue

37th percentile

0.05x

Higher debt load relative to revenue than 37% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Net Margin

66th percentile

10%

Higher net margin than 66% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Top Officer Pay

70th percentile

$102,584

Higher top officer pay than 70% of similar nonprofits.

Top officer pay equals 2.7% of source-year revenue.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Asset Growth

98th percentile

236%

Faster asset growth than 98% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Revenue Growth

84th percentile

41%

Faster revenue growth than 84% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets73rd percentile

Assets

Up

$532,927

Up $374,260 (+236%) from 2016

Net Assets

Up

$348,012

Up $376,269 (+1332%) from 2016

Liabilities

Down

$184,915

Down $2,009 (-1.1%) from 2016

Revenue And Expenses
Liabilities / Revenue37th percentileNet Margin66th percentile

Revenue

Up

$3,761,588

Up $1,093,739 (+41%) from 2016

Expenses

Up

$3,385,319

Up $728,034 (+27%) from 2016

Net Income

Up

$376,269

Up $365,705 (+3462%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth98th 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

2017

Assets$532,927
Liabilities$184,915
Net Assets$348,012
Open 2017 Filing

Operations Trend

Revenue Growth84th 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

2017

Revenue$3,761,588
Expenses$3,385,319
Net Income$376,269
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
May 8, 2018
Return Version
2016v3.0
Gross Receipts
$3,786,588
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
Savings and Temporary Cash Investments$6,286$364,105▲ $357,819
Land, Buildings, and Equipment, Net$101,013$84,101▼ $16,912
Accounts Receivable$33,879$43,715▲ $9,836
Cash and Non-Interest-Bearing Accounts$15,733$35,195▲ $19,462
Loans From Officers Directors$20,000$0▼ $20,000
Prepaid Expenses and Deferred Charges$1,756$5,811▲ $4,055
Total Assets$158,667$532,927▲ $374,260
Liabilities
Accounts Payable and Accrued Expenses$106,186$142,903▲ $36,717
Other Liabilities$60,738$42,012▼ $18,726
Total Liabilities$186,924$184,915▼ $2,009
Net Assets / Fund Balance
Unrestricted Net Assets$-28,257$348,012▲ $376,269
Total Net Assets Fund Balance$-28,257$348,012▲ $376,269
Total Liabilities and Net Assets / Fund Balance$158,667$532,927▲ $374,260

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$80,935$45,716$126,651
Other Land Buildings$3,166$1,833$4,999
Compensation and Service Providers
Top Officer Pay70th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Jack PannellFounder & PresidentFT$102,584$102,584

Board Members and Trustees

NameTitle
Betsey HobelmannChair
Edwin AventMember
Fabian WaltersMember
Josh EastrightMember
Kate JordanMember
Mark MullicanMember
Kimberly MoffittSecretary
David KhanTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
SchoolKitCurriculum, assessment professional deve1330 Otis Place NW Suite 2, Washington, DC 20010$132,000
Revenue and Support

Revenue Composition

Contributions and Grants
$444,806
Program Service Revenue
$3,313,740
Investment Income
$1,028
Other Revenue
$2,014
All Other Contributions
$222,088
Change in Net Assets
$376,269

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,761,588
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$11,758
Total Revenue per Audited Statements
$3,773,346
Total Revenue per Form 990
$3,761,588
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$2,604,318
Other Expenses$781,001
Total Fundraising Expense$75,280
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,803,348$118,565$29,331$1,951,244
Other Employee Benefits$366,111$22,838$5,271$394,220
Occupancy$258,628$16,134$3,723$278,485
Payroll Taxes$144,611$9,285$2,374$156,270
Current Officers, Directors, Trustees, and Key Employees$95,143$6,084$1,357$102,584
Fees for Services Accounting$35,042$8,761-$43,803
Office Expenses$37,532$2,341$540$40,413
Fees for Services Other$26,912$6,728-$33,640
Depreciation Depletion$26,023$1,623$375$28,021
Insurance$8,976$2,244-$11,220
Other Expenses$9,831$613$142$10,586
All Other Expenses$8,358$522$120$9,000
Fees for Services Legal$2,520$630-$3,150
Interest$1,151$72$17$1,240
Total Functional Expenses$3,082,647$227,392$75,280$3,385,319

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$3,397,077
Expenses per Audited Statements$3,385,319
Total Expenses per Form 990$3,385,319
Expenses Not Reported on Form 990$11,758
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$20,000$0▼ $20,000
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to Baltimore City Board of School Commissioners$28,665
Short-Term Debt$13,347
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
EIN
27-4400615
Phone
4109291899
Address
4 W Read St, Baltimore, MD 21201

Signing Officer

Name
Jack Pannell
Title
President/Founder
Phone
4109291899
Signed
2018-05-08
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jack Pannell
Formed
2010
Legal Domicile
Md
Voting Board Members
9
Independent Board Members
8
Employees
28
Volunteers
25

Preparer

Firm
SB & Company LLC
Address
200 International Circle Suite 5500, Hunt Valley, MD 21030
Preparer
Pamela Gray
Phone
4105840060
Supplemental Narrative

Additional Explanations

Form 990, Part XII, Line 2C:

“The process has not changed from prior year.”

Form 990, Part I, Revenue and Expenses under Prior Year:

“The school has adjusted the Prior Year column of its 2016 Form 990 to reflect the more-accurate allocation of revenue between Contributions and grants and Program service revenue in the 2015 tax year. There was also a matching adjustment to Prior Year Total revenue and Total expense to exclude $11,612 in donated services, which was not originally done on the 2015 Form 990 filing. The change in net assets (revenue less expenses) remained the same, i.e. there was no change to the bottom line.”

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, 2017, 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, 2017, the statute of limitations for fiscal years 2014 through 2017 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 478 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/TitleTxt0Founder & President
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IRS990/NondeductibleContributionsInd00
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IRS990/OccupancyGrp/ManagementAndGeneralAmt016134
IRS990/OccupancyGrp/ProgramServicesAmt0258628
IRS990/OccupancyGrp/TotalAmt0278485
IRS990/OfficeExpensesGrp/FundraisingAmt0540
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt02341
IRS990/OfficeExpensesGrp/ProgramServicesAmt037532
IRS990/OfficeExpensesGrp/TotalAmt040413
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt05271
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt022838
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0366111
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0394220
IRS990/OtherExpensesGrp/Desc0Professional developmen
IRS990/OtherExpensesGrp/Desc1Student expenses
IRS990/OtherExpensesGrp/Desc2Misc expenses
IRS990/OtherExpensesGrp/Desc3Telephone and telecommu
IRS990/OtherExpensesGrp/FundraisingAmt00
IRS990/OtherExpensesGrp/FundraisingAmt132030
IRS990/OtherExpensesGrp/FundraisingAmt2142
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt030673
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt1279
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt2613
IRS990/OtherExpensesGrp/ProgramServicesAmt0122693
IRS990/OtherExpensesGrp/ProgramServicesAmt1134371
IRS990/OtherExpensesGrp/ProgramServicesAmt21397
IRS990/OtherExpensesGrp/ProgramServicesAmt39831
IRS990/OtherExpensesGrp/TotalAmt0153366
IRS990/OtherExpensesGrp/TotalAmt1134371
IRS990/OtherExpensesGrp/TotalAmt233706
IRS990/OtherExpensesGrp/TotalAmt310586
IRS990/OtherLiabilitiesGrp/BOYAmt060738
IRS990/OtherLiabilitiesGrp/EOYAmt042012
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0Other revenue
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt02014
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt02014
IRS990/OtherRevenueTotalAmt02014
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt029331
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0118565
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt01803348
IRS990/OtherSalariesAndWagesGrp/TotalAmt01951244
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/FundraisingAmt02374
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt09285
IRS990/PayrollTaxesGrp/ProgramServicesAmt0144611
IRS990/PayrollTaxesGrp/TotalAmt0156270
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt01756
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt05811
IRS990/PrincipalOfficerNm0Jack Pannell
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/BusinessCd1900099
IRS990/ProgramServiceRevenueGrp/BusinessCd2900099
IRS990/ProgramServiceRevenueGrp/Desc0Per pupil revenue
IRS990/ProgramServiceRevenueGrp/Desc1Students with disabili
IRS990/ProgramServiceRevenueGrp/Desc2Student activity fees
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt02877061
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1430039
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt26640
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt02877061
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1430039
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt26640
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0571791
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0-9508
IRS990/PYOtherExpensesAmt0712909
IRS990/PYOtherRevenueAmt0452
IRS990/PYProgramServiceRevenueAmt02093502
IRS990/PYRevenuesLessExpensesAmt010564
IRS990/PYSalariesCompEmpBnftPaidAmt01932764
IRS990/PYTotalExpensesAmt02645673
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt02656237
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0376269
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt03313740
IRS990/SavingsAndTempCashInvstGrp/BOYAmt06286
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0364105
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/DonatedServicesAndUseFcltsAmt011758
IRS990ScheduleD/DonatedServicesUseFcltsAmt011758
IRS990ScheduleD/EquipmentGrp/BookValueAmt080935
IRS990ScheduleD/EquipmentGrp/DepreciationAmt045716
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0126651
IRS990ScheduleD/ExpensesNotReportedAmt011758
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt03385319
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt03166
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt01833
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt04999
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt013347
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt128665
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Short-Term Debt
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Due to Baltimore City Board of School Commissioners
IRS990ScheduleD/RevenueNotReportedAmt011758
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt03761588
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, 2017, 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, 2017, the statute of limitations for fiscal years 2014 through 2017 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/TotalBookValueLandBuildingsAmt084101
IRS990ScheduleD/TotalExpensesPerForm990Amt03385319
IRS990ScheduleD/TotalLiabilityAmt042012
IRS990ScheduleD/TotalRevenuePerForm990Amt03761588
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt03773346
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt03397077
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/ExplanationTxt6The school has adjusted the Prior Year column of its 2016 Form 990 to reflect the more-accurate allocation of revenue between Contributions and grants and Program service revenue in the 2015 tax year. There was also a matching adjustment to Prior Year Total revenue and Total expense to exclude $11,612 in donated services, which was not originally done on the 2015 Form 990 filing. The change in net assets (revenue less expenses) remained the same, i.e. there was no change to the bottom line.
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:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990, Part I, Revenue and Expenses under Prior Year:
IRS990/SchoolOperatingInd01
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0MD
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0158667

Document Assets

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Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$532,927
Liabilities
$184,915
Net assets
$348,012
Revenue
$3,761,588
Expenses
$3,385,319
Net income
$376,269
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