Civic Intelligence

The Freven Foundation Charitable Trust

EIN 31-1480308 • 501(c)3

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

32nd percentile

0.09x

Higher debt load relative to assets than 32% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Source year 2024

Liabilities / Revenue

87th percentile

2.34x

Higher debt load relative to revenue than 87% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Source year 2024

Net Margin

41st percentile

1.9%

Higher net margin than 41% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Source year 2024

Top Officer Pay

6th percentile

$0

Higher top officer pay than 6% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

501(c)3 • $50M-$100M nonprofits • Source year 2024

Asset Growth

44th percentile

4.3%

Faster asset growth than 44% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Annualized from 2023 to 2024

Revenue Growth

98th percentile

458%

Faster revenue growth than 98% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Annualized from 2023 to 2024

Assets

Up

$50,308,406

Up $2,086,828 (+4.3%) from 2023

Liabilities

Up

$4,755,118

Up $278,988 (+6.2%) from 2023

Net Assets

Up

$45,553,288

Up $1,807,840 (+4.1%) from 2023

Revenue

Up

$2,034,331

Up $1,669,472 (+458%) from 2023

Expenses

Up

$1,995,116

Up $453,481 (+29%) from 2023

Net Income

Up

$39,215

Up $1,215,991 (+103%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$60M$40M$20M$0Assets 2021: $48,395,109Liabilities 2021: $7,621,787Net Assets 2021: $40,773,3222021Assets 2022: $47,265,031Liabilities 2022: $4,650,606Net Assets 2022: $42,614,4252022Assets 2023: $48,221,578Liabilities 2023: $4,476,130Net Assets 2023: $43,745,4482023Assets 2024: $50,308,406Liabilities 2024: $4,755,118Net Assets 2024: $45,553,2882024

Highlighted filing

2024

Assets$50,308,406
Liabilities$4,755,118
Net Assets$45,553,288

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$10M$5.0M$0-$5.0MRevenue 2021: $528,057Expenses 2021: $1,712,639Net Income 2021: -$1,184,5822021Revenue 2022: $8,908,154Expenses 2022: $1,537,502Net Income 2022: $7,370,6522022Revenue 2023: $364,859Expenses 2023: $1,541,635Net Income 2023: -$1,176,7762023Revenue 2024: $2,034,331Expenses 2024: $1,995,116Net Income 2024: $39,2152024

Highlighted filing

2024

Revenue$2,034,331
Expenses$1,995,116
Net Income$39,215

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
May 15, 2025
Return Version
2023v6.0
Gross Receipts
$8,314,243
Mission and Program Overview

Mission

To support gerstell academy, inc.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$27,793,761$26,925,875▼ $867,886
Investments Other Securities$19,566,758$21,439,214▲ $1,872,456
Savings and Temporary Cash Investments$772,595$1,589,534▲ $816,939
Total Assets$48,221,578$50,308,406▲ $2,086,828
Other Assets Total$88,464$353,783▲ $265,319
Liabilities
Mortgage Notes Payable Secured by Investment Property$4,462,973$4,738,019▲ $275,046
Accounts Payable and Accrued Expenses$7,469$17,099▲ $9,630
Other Liabilities$5,688$0▼ $5,688
Total Liabilities$4,476,130$4,755,118▲ $278,988
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$43,745,448$45,553,288▲ $1,807,840
Total Net Assets Fund Balance$43,745,448$45,553,288▲ $1,807,840
Total Liabilities and Net Assets / Fund Balance$48,221,578$50,308,406▲ $2,086,828

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$23,281,810$17,229,935$40,511,745
Leasehold Improvements$213,575$4,638,603$4,852,178
Land$3,312,839-$3,312,839
Equipment$39,270$379,506$418,776
Other Land Buildings$78,381$265,340$343,721
Other Securities$3,661,046--
Compensation and Service Providers

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$660,145
Program Service Revenue
$0
Investment Income
$1,364,001
Other Revenue
$10,185
All Other Contributions
$660,145
Change in Net Assets
$39,215
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,995,116
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$1,437,352$83,655-$1,521,007
Interest$264,815$15,412-$280,227
Fees for Service Investment Mgmnt Fees-$37,155-$37,155
Fees for Services Accounting-$22,976-$22,976
All Other Expenses$945$861-$1,806
Other Expenses$1,871$1,090-$1,090
Total Functional Expenses$1,826,770$168,346$0$1,995,116
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

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Paul O Wallacegross MendelsohnAccountantProfessional ServicesNo$22,976
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Business relationship with 35% controlled entity
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
No
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 2

Line 2 explanation - dr. Frederick g. Smith and dr. Venice k. Paterakis are spouses. Dr. Richard j. Nessif and jane nessif are spouses. Steve krulevitz and anne krulevitz are spouses. Thomas zizos and nikki zizos are spouses. Paul o wallace of gross mendelsohn is a member of the board of directors.

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

Line 11a explanation - selected board members review the return prior to filing.

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

Review of the policy and potential conflicts and disclosure of such conflicts are reviewed at the annual board of directors meeting.

Form 990, Part VI, Section C, Line 19

The organization uses guidestar to make various documents and policies available to the public, as well as responding to written request.

Filing and Contact Details

Filer

Filer Name
The Freven Foundation Charitable Trust
EIN
31-1480308
Phone
4105681605
Address
10706 BEAVER DAM ROAD, COCKEYSVILLE, MD 21030

Signing Officer

Name
Paul O Wallace
Title
Trustee
Phone
4105681605
Signed
2025-05-15
Discuss with paid preparer
Yes

Organization Details

Formed
1996
Legal Domicile
Md
Voting Board Members
9
Independent Board Members
6
Employees
0
Volunteers
0

Preparer

Firm
Gross Mendelsohn & Associates Pa
Address
1801 PORTER STREET SUITE 500, BALTIMORE, MD 21230
Preparer
Scott Handwerger
Phone
4106855512
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

ROUNDING 1.

FORM 990, PART XII, LINE 2C:

The organization did not change its oversight process or selection process during the tax year

Financial Statement Notes

PART X, LINE 2:

The trust is a not-for-profit charitable trust generally exempt from income taxes under section 501(c)(3) of the internal revenue code and classified by the internal revenue service as "other than a private foundation." the foundation, a limited liability company wholly owned by the trust, is treated as a disregarded entity for income tax purposes. The organization's federal exempt tax returns are subject to examination by the irs, generally for a period of three years after the returns are filed. The organization has no uncertain tax positions for the year ended june 30, 2024.

Raw XML AppendixShowing 400 of 492 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/BOYAmt07469
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt017099
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0TO SUPPORT GERSTELL ACADEMY, INC.
IRS990/AllAffiliatesIncludedInd01
IRS990/AllOtherContributionsAmt0660145
IRS990/AllOtherExpensesGrp/ManagementAndGeneralAmt0861
IRS990/AllOtherExpensesGrp/ProgramServicesAmt0945
IRS990/AllOtherExpensesGrp/TotalAmt01806
IRS990/AnnualDisclosureCoveredPrsnInd01
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0FREVEN FOUNDATION CHAR TRUST
IRS990/BooksInCareOfDetail/PhoneNum04105681605
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt010706 BEAVER DAM RD
IRS990/BooksInCareOfDetail/USAddress/CityNm0COCKEYSVILLE
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0MD
IRS990/BooksInCareOfDetail/USAddress/ZIPCd021030
IRS990/BusinessRlnWith35CtrlEntInd01
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd00
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd00
IRS990/CompensationProcessOtherInd00
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd00
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt0660145
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt01364001
IRS990/CYOtherExpensesAmt01995116
IRS990/CYOtherRevenueAmt010185
IRS990/CYProgramServiceRevenueAmt00
IRS990/CYRevenuesLessExpensesAmt039215
IRS990/CYSalariesCompEmpBnftPaidAmt00
IRS990/CYTotalExpensesAmt01995116
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt02034331
IRS990/DecisionsSubjectToApprovaInd00
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DelegationOfMgmtDutiesInd00
IRS990/DepreciationDepletionGrp/ManagementAndGeneralAmt083655
IRS990/DepreciationDepletionGrp/ProgramServicesAmt01437352
IRS990/DepreciationDepletionGrp/TotalAmt01521007
IRS990/Desc0TO SUPPORT GERSTELL ACADEMY, INC.
IRS990/DescribedInSection501c3Ind01
IRS990/DisregardedEntityInd01
IRS990/DocumentRetentionPolicyInd01
IRS990/DonorAdvisedFundInd00
IRS990/DonorRstrOrQuasiEndowmentsInd00
IRS990/ElectionOfBoardMembersInd00
IRS990/EmployeeCnt00
IRS990/EngagedInExcessBenefitTransInd00
IRS990/ExpenseAmt01826770
IRS990/FamilyOrBusinessRlnInd01
IRS990/FederalGrantAuditRequiredInd00
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt022976
IRS990/FeesForServicesAccountingGrp/TotalAmt022976
IRS990/FeesForSrvcInvstMgmntFeesGrp/ManagementAndGeneralAmt037155
IRS990/FeesForSrvcInvstMgmntFeesGrp/TotalAmt037155
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form8282PropertyDisposedOfInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt02.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt10.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt20.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt30.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt40.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt50.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt60.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt70.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt80.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd7X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd8X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt80
IRS990/Form990PartVIISectionAGrp/PersonNm0DR FREDERICK G SMITH
IRS990/Form990PartVIISectionAGrp/PersonNm1DR VENICE K PATERAKIS
IRS990/Form990PartVIISectionAGrp/PersonNm2DR RICHARD J NESSIF
IRS990/Form990PartVIISectionAGrp/PersonNm3PAUL O WALLACE
IRS990/Form990PartVIISectionAGrp/PersonNm4JANE NESSIF
IRS990/Form990PartVIISectionAGrp/PersonNm5STEVE KRULEVITZ
IRS990/Form990PartVIISectionAGrp/PersonNm6ANNE KRULEVITZ
IRS990/Form990PartVIISectionAGrp/PersonNm7THOMAS ZIZOS
IRS990/Form990PartVIISectionAGrp/PersonNm8NIKKI ZIZOS
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/TitleTxt0TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt1TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt2TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt3TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt4TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt5TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt6TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt7TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt8TRUSTEE
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr01996
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedInd00
IRS990/FundraisingActivitiesInd00
IRS990/GainOrLossGrp/SecuritiesAmt0512869
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt09
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt06792781
IRS990/GrossReceiptsAmt08314243
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt06
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/InterestGrp/ManagementAndGeneralAmt015412
IRS990/InterestGrp/ProgramServicesAmt0264815
IRS990/InterestGrp/TotalAmt0280227
IRS990/InvestmentIncomeGrp/ExclusionAmt0851132
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0851132
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt019566758
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt021439214
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt022513384
IRS990/LandBldgEquipBasisNetGrp/BOYAmt027793761
IRS990/LandBldgEquipBasisNetGrp/EOYAmt026925875
IRS990/LandBldgEquipCostOrOtherBssAmt049439259
IRS990/LegalDomicileStateCd0MD
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt06279912
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd01
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0TO SUPPORT GERSTELL ACADEMY, INC.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt04462973
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt04738019
IRS990/NetAssetsOrFundBalancesBOYAmt043745448
IRS990/NetAssetsOrFundBalancesEOYAmt045553288
IRS990/NetGainOrLossInvestmentsGrp/RelatedOrExemptFuncIncomeAmt0512869
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0512869
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt01768624
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt043745448
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt045553288
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd00
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt088464
IRS990/OtherAssetsTotalGrp/EOYAmt0353783
IRS990/OtherChangesInNetAssetsAmt01
IRS990/OtherExpensesGrp/Desc0REPAIRS & MAINTENANCE
IRS990/OtherExpensesGrp/Desc1PROPERTY TAXES
IRS990/OtherExpensesGrp/Desc2MISCELLANEOUS
IRS990/OtherExpensesGrp/Desc3TAXES GENERAL
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt06511
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt1577
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt2109
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt31090
IRS990/OtherExpensesGrp/ProgramServicesAmt0111875
IRS990/OtherExpensesGrp/ProgramServicesAmt19912
IRS990/OtherExpensesGrp/ProgramServicesAmt21871
IRS990/OtherExpensesGrp/TotalAmt0118386
IRS990/OtherExpensesGrp/TotalAmt110489
IRS990/OtherExpensesGrp/TotalAmt21980
IRS990/OtherExpensesGrp/TotalAmt31090
IRS990/OtherLiabilitiesGrp/BOYAmt05688
IRS990/OtherLiabilitiesGrp/EOYAmt00
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0MISC REVENUE
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt010185
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt010185
IRS990/OtherRevenueTotalAmt010185
IRS990/OtherWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PoliciesReferenceChaptersInd01
IRS990/PoliticalCampaignActyInd00
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0354674
IRS990/PYOtherExpensesAmt01541635
IRS990/PYOtherRevenueAmt010185
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0-1176776
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt01541635
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0364859
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt039215
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd01
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0772595
IRS990/SavingsAndTempCashInvstGrp/EOYAmt01589534
IRS990ScheduleA/Form990SchASupportingOrgGrp/Contribution35ControlledInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionControllerInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionFamilyInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ControlledDisqualifiedPrsnInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnControllIntInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnOwnrIntInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ExcessBusinessHoldingsRulesInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ListedByNameGoverningDocInd01
IRS990ScheduleA/Form990SchASupportingOrgGrp/LoanDisqualifiedPersonInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/OrganizationChangeSuprtOrgInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/PaymentSubstantialContribtrInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgNotOrganizedUSInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgSectionC456Ind00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportNonSupportedOrgInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SuprtOrgNoIRSDeterminationInd00
IRS990ScheduleA/Form990SchAType3FuncIntGrp/ActivitiesEngagedOrgInvlmntInd01
IRS990ScheduleA/Form990SchAType3FuncIntGrp/ActivitiesFurtherExemptPrpsInd01
IRS990ScheduleA/Form990SchAType3FuncIntGrp/ActivitiesTestInd0X
IRS990ScheduleA/Form990SchAType3SprtOrgAllGrp/OfficersCloseRelationshipInd01
IRS990ScheduleA/Form990SchAType3SprtOrgAllGrp/SupportedOrgVoiceInvestmentInd01
IRS990ScheduleA/Form990SchAType3SprtOrgAllGrp/TimelyProvidedDocumentsInd01
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0GERSTELL, THE SOLE SUPPORTED ORGANIZATION OF THE FOUNDATION, HAS THE RIGHT TO APPOINT ONE (1) BOARD MEMBER OF THE FOUNDATION. ALSO, FREDERICK SMITH AND VENICE PATERAKIS ARE OFFICERS OF BOTH GERSTELL AND THE FOUNDATION, AND AS SUCH, ARE IN ONGOING CONTACT WITH THE MEMBERS OF THE FOUNDATION'S FINANCE COMMITTEE REGARDING THE INVESTMENTS OF THE FOUNDATION, AND THE IMMEDIATE AND LONGER TERM FINANCIAL NEEDS OF GERSTELL. BY HOLDING INTERLOCKING FIDUCIARY ROLES IN EACH OF THESE ORGANIZATIONS, DETAILED INFORMATION REGARDING THE OPERATION OF THE FOUNDATION IS MADE AVAILABLE TO GERSTELL, AND THIS CONTINUOUS AND CONSISTENT INTERACTION IS MISSION CRITICAL TO BOTH THE FOUNDATION AND GERSTELL.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt1ALL OF THE ACTIVITIES OF THE FOUNDATION DIRECTLY FURTHER THE EXEMPT PURPOSES OF GERSTELL BECAUSE THE FOUNDATION'S ACTIVITIES CONSIST OF ACQUIRING, DEVELOPING, HOLDING, RENOVATING, MAINTAINING, AND EXPANDING THE GERSTELL CAMPUS. THIS CAMPUS IS USED SOLELY BY GERSTELL IN OPERATING THE SCHOOL PURSUANT TO A LEASE AGREEMENT FOR NOMINAL RENT IN CARRYING OUT ITS EXEMPT FUNCTION. SUBSTANTIALLY ALL OF THF FOUNDATION'S ASSETS CONSIST OF THE GERSTELL CAMPUS. IN ADDITION, INVESTMENTS HELD BY THE FOUNDATION IN EXCESS OF THE VALUE OF THE GERSTELL CAMPUS SERVE VARIOUS PURPOSES - AS A WORKING CAPITAL RESERVE FOR IMPROVEMENTS AND MAINTENANCE DUE TO DEPRECIATION AND ANY ADDITIONAL EXPANSION OF THE GERSTELL CAMPUS, PROMOTING THE ISSUANCE OF TAX-EXEMPT BONDS FOR THE INITIAL CONSTRUCTION AND MAINTENANCE OF ITS CREDIT RATING FOR THAT PURPOSE, AND PROVIDING GERSTELL WITH THE COMFORT THAT IT CAN CONTINUE TO FUNCTION AND MAINTAIN ITS CAMPUS EVEN IF ENROLLMENT DECLINES OR RENOVATIONS AND/OR IMPROVEMENTS ARE NEEDED.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt2THE FOUNDATION DEVELOPED AND OWNS THE GERSTELL CAMPUS. WITHOUT THIS CAMPUS, GERSTELL COULD NOT PERFORM ITS TAX-EXEMPT FUNCTION AS A SCHOOL. BUT FOR THE INVOLVEMENT OF THE FOUNDATION, ACTIVITIES SUCH AS ACQUIRING, DEVELOPING, RENOVATING, MAINTAINING, AND EXPANDING THE GERSTELL CAMPUS, WOULD NORMALLY BE ENGAGED IN BY GERSTELL IN PERFORMING ITS TAX-EXEMPT FUNCTION.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0PART IV, SECTION D, LINE 3:
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc1PART IV, SECTION E, LINE 2A:
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc2PART IV, SECTION E, LINE 2B:
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/SupportedOrganizationsCnt01
IRS990ScheduleA/SupportedOrganizationsTotalCnt01
IRS990ScheduleA/SupportedOrgInformationGrp/EIN0311620693
IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd01
IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd02
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt01826766
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0GERSTELL ACADEMY INC
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType3FuncIntInd0X
IRS990ScheduleA/SupportSumAmt01826766
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt023281810
IRS990ScheduleD/BuildingsGrp/DepreciationAmt017229935
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt040511745
IRS990ScheduleD/EquipmentGrp/BookValueAmt039270
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0379506
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0418776
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt03312839
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt03312839
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0213575
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt04638603
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt04852178
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt078381
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0265340
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0343721
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt04024921
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt16985
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt213686760
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt3123
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt459379
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt53661046
IRS990ScheduleD/OtherSecuritiesGrp/Desc0COMMON STOCK
IRS990ScheduleD/OtherSecuritiesGrp/Desc1CORPORATE FIXED INCOME BOND & TRUST
IRS990ScheduleD/OtherSecuritiesGrp/Desc2MUTUAL FUNDS
IRS990ScheduleD/OtherSecuritiesGrp/Desc3OTHER INVESTMENTS
IRS990ScheduleD/OtherSecuritiesGrp/Desc4LIMITED PARTNERSHIPS
IRS990ScheduleD/OtherSecuritiesGrp/Desc5ALTERNATIVE INVESTMENTS
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0F
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd1F
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd2F
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd3F
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd4F
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd5F
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE TRUST IS A NOT-FOR-PROFIT CHARITABLE TRUST GENERALLY EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND CLASSIFIED BY THE INTERNAL REVENUE SERVICE AS "OTHER THAN A PRIVATE FOUNDATION." THE FOUNDATION, A LIMITED LIABILITY COMPANY WHOLLY OWNED BY THE TRUST, IS TREATED AS A DISREGARDED ENTITY FOR INCOME TAX PURPOSES. THE ORGANIZATION'S FEDERAL EXEMPT TAX RETURNS ARE SUBJECT TO EXAMINATION BY THE IRS, GENERALLY FOR A PERIOD OF THREE YEARS AFTER THE RETURNS ARE FILED. THE ORGANIZATION HAS NO UNCERTAIN TAX POSITIONS FOR THE YEAR ENDED JUNE 30, 2024.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt026925875
IRS990ScheduleD/TotalBookValueSecuritiesAmt021439214
IRS990/ScheduleJRequiredInd00
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm0PAUL O WALLACEGROSS MENDELSOHN
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0ACCOUNTANT
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd00
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt022976
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0PROFESSIONAL SERVICES
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0LINE 2 EXPLANATION - DR. FREDERICK G. SMITH AND DR. VENICE K. PATERAKIS ARE SPOUSES. DR. RICHARD J. NESSIF AND JANE NESSIF ARE SPOUSES. STEVE KRULEVITZ AND ANNE KRULEVITZ ARE SPOUSES. THOMAS ZIZOS AND NIKKI ZIZOS ARE SPOUSES. PAUL O WALLACE OF GROSS MENDELSOHN IS A MEMBER OF THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1LINE 11A EXPLANATION - SELECTED BOARD MEMBERS REVIEW THE RETURN PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2REVIEW OF THE POLICY AND POTENTIAL CONFLICTS AND DISCLOSURE OF SUCH CONFLICTS ARE REVIEWED AT THE ANNUAL BOARD OF DIRECTORS MEETING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION USES GUIDESTAR TO MAKE VARIOUS DOCUMENTS AND POLICIES AVAILABLE TO THE PUBLIC, AS WELL AS RESPONDING TO WRITTEN REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4ROUNDING 1.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE ORGANIZATION DID NOT CHANGE ITS OVERSIGHT PROCESS OR SELECTION PROCESS DURING THE TAX YEAR
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 2
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 C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART XI, LINE 9:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART XII, LINE 2C:
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdDisregardedEntitiesGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdDisregardedEntitiesGrp/DisregardedEntityName/BusinessNameLine1Txt0FREVEN FOUNDATION LLC
IRS990ScheduleR/IdDisregardedEntitiesGrp/EIN0522157531
IRS990ScheduleR/IdDisregardedEntitiesGrp/EndOfYearAssetsAmt027033305
IRS990ScheduleR/IdDisregardedEntitiesGrp/LegalDomicileStateCd0MD
IRS990ScheduleR/IdDisregardedEntitiesGrp/PrimaryActivitiesTxt0OWNS REAL ESTATE
IRS990ScheduleR/IdDisregardedEntitiesGrp/TotalIncomeAmt060186
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/AddressLine1Txt010706 BEAVER DAM ROAD
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/CityNm0COCKEYSVILLE
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/StateAbbreviationCd0MD
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/ZIPCd021030
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0GERSTELL ACADEMY INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0311620693
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0MD
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0SCHOOL
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0LINE_2_SCHOOL_DESCRI
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt010706 BEAVER DAM ROAD
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0COCKEYSVILLE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0MD
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd021030
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd01
IRS990ScheduleR/PaidEmployeesSharingInd00
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd01
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd01
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt01570538
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt15177
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt250000
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt3285000
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt448816
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt095% OF BUILDING EXPENSE
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt1INTEREST PAID RELATED TO NOTE
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt2ACCOUNT REGISTER
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt3ACCOUNT REGISTER
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt4ACCOUNT REGISTER

Document Assets

No mirrored PDF or thumbnail assets are attached yet.