Civic Intelligence

Five Smooth Stones Foundation Inc

990 • Fiscal year 2018 • EIN 27-4400615

Jul 01, 2017 to Jun 30, 2018 • Filed on Mar 31, 2019

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

(443) 642-5320

Siviq Scores

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

Liabilities / Assets

70th percentile

0.39x

Higher debt load relative to assets than 70% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2018

Liabilities / Revenue

20th percentile

0.04x

Higher debt load relative to revenue than 20% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2018

Net Margin

35th percentile

-0.7%

Higher net margin than 35% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2018

Top Officer Pay

50th percentile

$121,326

Higher top officer pay than 50% of similar nonprofits.

Top officer pay equals 2.3% of source-year revenue.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2018

Asset Growth

28th percentile

-3.1%

Faster asset growth than 28% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2017 to 2018

Revenue Growth

85th percentile

37%

Faster revenue growth than 85% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets70th percentile

Assets

Down

$516,200

Down $16,727 (-3.1%) from 2017

Net Assets

Down

$313,492

Down $34,520 (-9.9%) from 2017

Liabilities

Up

$202,708

Up $17,793 (+9.6%) from 2017

Revenue And Expenses
Liabilities / Revenue20th percentileNet Margin35th percentile

Revenue

Up

$5,168,565

Up $1,406,977 (+37%) from 2017

Expenses

Up

$5,203,938

Up $1,818,619 (+54%) from 2017

Net Income

Down

-$35,373

Down $411,642 (-109%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth28th 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

2018

Assets$516,200
Liabilities$202,708
Net Assets$313,492
Open 2018 Filing

Operations Trend

Revenue Growth85th 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

2018

Revenue$5,168,565
Expenses$5,203,938
Net Income-$35,373
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
Mar 31, 2019
Return Version
2017v2.3
Gross Receipts
$5,208,318
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$364,105$156,858▼ $207,247
Land, Buildings, and Equipment, Net$84,101$151,979▲ $67,878
Accounts Receivable$43,715$99,265▲ $55,550
Cash and Non-Interest-Bearing Accounts$35,195$42,811▲ $7,616
Investments in Publicly Traded Securities-$40,051-
Prepaid Expenses and Deferred Charges$5,811$25,236▲ $19,425
Total Assets$532,927$516,200▼ $16,727
Liabilities
Accounts Payable and Accrued Expenses$142,903$144,148▲ $1,245
Other Liabilities$42,012$58,560▲ $16,548
Total Liabilities$184,915$202,708▲ $17,793
Net Assets / Fund Balance
Unrestricted Net Assets$348,012$313,492▼ $34,520
Total Net Assets Fund Balance$348,012$313,492▼ $34,520
Total Liabilities and Net Assets / Fund Balance$532,927$516,200▼ $16,727

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$147,280$85,615$232,895
Other Land Buildings$2,166$2,833$4,999
Leasehold Improvements$2,533$1,267$3,800
Compensation and Service Providers
Top Officer Pay50th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Jack PannellFounder & PresidentFT$121,326$121,326

Board Members and Trustees

NameTitle
Betsey HobelmannChair
Edwin AventMember
Fabian WaltersMember
Geoff HengererMember
Kate JordanMember
Kimberly MoffittSecretary
David KhanTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$539,895
Program Service Revenue
$4,625,339
Investment Income
$1,686
Other Revenue
$1,645
All Other Contributions
$319,649
Change in Net Assets
$-35,373

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
Yes
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded2$79,971Fair Market Value (FMV)
Other Non Cash Contri Table562$46,250Fair Market Value (FMV)
Other Non Cash Contri Table10$7,500Fair Market Value (FMV)
Total Noncash Contributions574$133,721-

Audited Revenue Reconciliation

Revenue per Audited Statements
$5,168,565
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$40,037
Total Revenue per Audited Statements
$5,208,602
Total Revenue per Form 990
$5,168,565
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$3,910,457
Other Expenses$1,293,481
Total Fundraising Expense$100,128
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$2,794,275$113,923$46,792$2,954,990
Other Employee Benefits$569,312$24,585$9,824$603,721
Occupancy$357,566$15,441$6,170$379,177
Payroll Taxes$217,288$9,383$3,749$230,420
Current Officers, Directors, Trustees, and Key Employees$112,525$7,196$1,605$121,326
Depreciation Depletion$42,441$1,833$732$45,006
Office Expenses$40,645$1,755$701$43,101
Fees for Services Legal$29,739$7,435-$37,174
Fees for Services Other$39,191$-7,875$1,474$32,790
All Other Expenses$19,531$843$337$20,711
Insurance$16,924$731$292$17,947
Other Expenses$14,395$622$248$15,265
Fees for Services Accounting$11,406$2,851-$14,257
Interest$553$24$10$587
Total Functional Expenses$4,862,421$241,389$100,128$5,203,938

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$5,243,122
Expenses per Audited Statements$5,203,938
Total Expenses per Form 990$5,203,938
Expenses Not Reported on Form 990$39,184
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
Due to Baltimore CIty Board of School Commissioners$48,792
Short-Term Debt$9,768
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
4436425320
Address
4 W Read St, Baltimore, MD 21201

Signing Officer

Name
Jack Pannell
Title
President/Founder
Phone
4436425320
Signed
2019-03-31
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jack Pannell
Formed
2010
Legal Domicile
Md
Voting Board Members
8
Independent Board Members
7
Employees
44
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.”

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, 2018, 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, 2018, the statute of limitations for fiscal years 2015 through 2018 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 475 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/OtherExpensesGrp/Desc2Misc Expenses
IRS990/OtherExpensesGrp/Desc3Telephone and Telecommu
IRS990/OtherExpensesGrp/FundraisingAmt028194
IRS990/OtherExpensesGrp/FundraisingAmt1248
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt051492
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt111150
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt2622
IRS990/OtherExpensesGrp/ProgramServicesAmt0343137
IRS990/OtherExpensesGrp/ProgramServicesAmt1205968
IRS990/OtherExpensesGrp/ProgramServicesAmt247525
IRS990/OtherExpensesGrp/ProgramServicesAmt314395
IRS990/OtherExpensesGrp/TotalAmt0343137
IRS990/OtherExpensesGrp/TotalAmt1257460
IRS990/OtherExpensesGrp/TotalAmt286869
IRS990/OtherExpensesGrp/TotalAmt315265
IRS990/OtherLiabilitiesGrp/BOYAmt042012
IRS990/OtherLiabilitiesGrp/EOYAmt058560
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0Other revenue
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt01645
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt01645
IRS990/OtherRevenueTotalAmt01645
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt046792
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0113923
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt02794275
IRS990/OtherSalariesAndWagesGrp/TotalAmt02954990
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/FundraisingAmt03749
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt09383
IRS990/PayrollTaxesGrp/ProgramServicesAmt0217288
IRS990/PayrollTaxesGrp/TotalAmt0230420
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt05811
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt025236
IRS990/PrincipalOfficerNm0Jack Pannell
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/BusinessCd1900099
IRS990/ProgramServiceRevenueGrp/Desc0Per pupil revenue
IRS990/ProgramServiceRevenueGrp/Desc1Student activity fees
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt04588726
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt136613
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt04588726
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt136613
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0444806
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt01028
IRS990/PYOtherExpensesAmt0781001
IRS990/PYOtherRevenueAmt02014
IRS990/PYProgramServiceRevenueAmt03313740
IRS990/PYRevenuesLessExpensesAmt0376269
IRS990/PYSalariesCompEmpBnftPaidAmt02604318
IRS990/PYTotalExpensesAmt03385319
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt03761588
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-35373
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt04625339
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0364105
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0156858
IRS990ScheduleA/SchoolInd0X
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/DonatedServicesAndUseFcltsAmt039184
IRS990ScheduleD/DonatedServicesUseFcltsAmt039184
IRS990ScheduleD/EquipmentGrp/BookValueAmt0147280
IRS990ScheduleD/EquipmentGrp/DepreciationAmt085615
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0232895
IRS990ScheduleD/ExpensesNotReportedAmt039184
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt05203938
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt02533
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt01267
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt03800
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0853
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt02166
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt02833
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt04999
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt09768
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt148792
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Short-Term Debt
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Due to Baltimore CIty Board of School Commissioners
IRS990ScheduleD/RevenueNotReportedAmt040037
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt05168565
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, 2018, 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, 2018, the statute of limitations for fiscal years 2015 through 2018 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/TotalBookValueLandBuildingsAmt0151979
IRS990ScheduleD/TotalExpensesPerForm990Amt05203938
IRS990ScheduleD/TotalLiabilityAmt058560
IRS990ScheduleD/TotalRevenuePerForm990Amt05168565
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt05208602
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt05243122
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
IRS990ScheduleM/AnyPropertyThatMustBeHeldInd00
IRS990ScheduleM/OtherNonCashContriTableGrp/ContributionCnt0562
IRS990ScheduleM/OtherNonCashContriTableGrp/ContributionCnt110
IRS990ScheduleM/OtherNonCashContriTableGrp/Desc0Furniture & Fixture
IRS990ScheduleM/OtherNonCashContriTableGrp/Desc1Laptop
IRS990ScheduleM/OtherNonCashContriTableGrp/MethodOfDeterminingRevenuesTxt0FMV
IRS990ScheduleM/OtherNonCashContriTableGrp/MethodOfDeterminingRevenuesTxt1FMV
IRS990ScheduleM/OtherNonCashContriTableGrp/NonCashCheckboxInd0X
IRS990ScheduleM/OtherNonCashContriTableGrp/NonCashCheckboxInd1X
IRS990ScheduleM/OtherNonCashContriTableGrp/NoncashContributionsRptF990Amt046250
IRS990ScheduleM/OtherNonCashContriTableGrp/NoncashContributionsRptF990Amt17500
IRS990ScheduleM/ReviewProcessUnusualNCGiftsInd01
IRS990ScheduleM/SecuritiesPubliclyTradedGrp/ContributionCnt02
IRS990ScheduleM/SecuritiesPubliclyTradedGrp/MethodOfDeterminingRevenuesTxt0FMV
IRS990ScheduleM/SecuritiesPubliclyTradedGrp/NonCashCheckboxInd0X
IRS990ScheduleM/SecuritiesPubliclyTradedGrp/NoncashContributionsRptF990Amt079971
IRS990ScheduleM/ThirdPartiesUsedInd00
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/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0532927
IRS990/TotalAssetsEOYAmt0516200
IRS990/TotalAssetsGrp/BOYAmt0532927
IRS990/TotalAssetsGrp/EOYAmt0516200

Document Assets

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Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$516,200
Liabilities
$202,708
Net assets
$313,492
Revenue
$5,168,565
Expenses
$5,203,938
Net income
-$35,373
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