Civic Intelligence

The Freven Foundation Charitable Trust

990 • Fiscal year 2023 • EIN 31-1480308

Jul 01, 2022 to Jun 30, 2023 • Filed on May 09, 2024

Organization ProfileN/A
10706 Beaver Dam RoadCockeysville, MD 21030

(410) 568-1605

Siviq Scores

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

Liabilities / Assets

34th percentile

0.09x

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

2023 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2023

Liabilities / Revenue

97th percentile

12.27x

Higher debt load relative to revenue than 97% of similar nonprofits.

2023 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2023

Net Margin

1st percentile

-323%

Higher net margin than 1% of similar nonprofits.

2023 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2023

Top Officer Pay

9th percentile

$0

Higher top officer pay than 9% of similar nonprofits.

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

2023 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2023

Asset Growth

35th percentile

2.0%

Faster asset growth than 35% of similar nonprofits.

2023 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2022 to 2023

Revenue Growth

1st percentile

-96%

Faster revenue growth than 1% of similar nonprofits.

2023 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets34th percentile

Assets

Up

$48,221,578

Up $956,547 (+2.0%) from 2022

Net Assets

Up

$43,745,448

Up $1,131,023 (+2.7%) from 2022

Liabilities

Down

$4,476,130

Down $174,476 (-3.8%) from 2022

Revenue And Expenses
Liabilities / Revenue97th percentileNet Margin1st percentile

Revenue

Down

$364,859

Down $8,543,295 (-96%) from 2022

Expenses

Up

$1,541,635

Up $4,133 (+0.3%) from 2022

Net Income

Down

-$1,176,776

Down $8,547,428 (-116%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth35th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$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

2023

Assets$48,221,578
Liabilities$4,476,130
Net Assets$43,745,448
Open 2023 Filing

Operations Trend

Revenue Growth1st percentile

Revenue, expenses, and net income across loaded years, with this 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

2023

Revenue$364,859
Expenses$1,541,635
Net Income-$1,176,776
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2022 to Jun 30, 2023
Signed
May 9, 2024
Return Version
2022v5.0
Gross Receipts
$2,237,640
Mission and Program Overview

Mission

To support gerstell academy, inc.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$28,940,467$27,793,761▼ $1,146,706
Investments Other Securities$18,012,477$19,566,758▲ $1,554,281
Savings and Temporary Cash Investments$223,623$772,595▲ $548,972
Total Assets$47,265,031$48,221,578▲ $956,547
Other Assets Total$88,464$88,464→ $0
Liabilities
Mortgage Notes Payable Secured by Investment Property$4,280,696$4,462,973▲ $182,277
Accounts Payable and Accrued Expenses$18,663$7,469▼ $11,194
Other Liabilities$351,247$5,688▼ $345,559
Total Liabilities$4,650,606$4,476,130▼ $174,476
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$42,614,425$43,745,448▲ $1,131,023
Total Net Assets Fund Balance$42,614,425$43,745,448▲ $1,131,023
Total Liabilities and Net Assets / Fund Balance$47,265,031$48,221,578▲ $956,547

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$24,128,428$15,778,263$39,906,691
Leasehold Improvements$241,572$4,610,605$4,852,177
Land$3,312,839-$3,312,839
Equipment$21,018$365,258$386,276
Other Land Buildings$89,904$238,252$328,156
Other Securities$70,240--
Compensation and Service Providers
Top Officer Pay9th percentile

Board Members and Trustees

NameTitle
Anne KrulevitzTrustee
Dr Frederick G SmithTrustee
Dr Richard J NessifTrustee
Dr Venice K PaterakisTrustee
Jane NessifTrustee
Nikki ZizosTrustee
Paul O WallaceTrustee
Steve KrulevitzTrustee
Thomas ZizosTrustee
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$354,674
Other Revenue
$10,185
Change in Net Assets
$-1,176,776
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,541,635
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$1,086,094$63,212-$1,149,306
Interest$175,499$10,214-$185,713
Fees for Service Investment Mgmnt Fees-$29,454-$29,454
Fees for Services Accounting-$22,654-$22,654
Other Expenses$1,562$833-$833
All Other Expenses-$829-$829
Total Functional Expenses$1,406,033$135,602$0$1,541,635
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$22,654
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to Gerstell Academy$118,833
Promissory Note to Gerstell Academy$-113,145
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
2024-05-09
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 -2.”

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, 2023.”

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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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/SupportAmt01406032
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0GERSTELL ACADEMY INC
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType3FuncIntInd0X
IRS990ScheduleA/SupportSumAmt01406032
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt024128428
IRS990ScheduleD/BuildingsGrp/DepreciationAmt015778263
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt039906691
IRS990ScheduleD/EquipmentGrp/BookValueAmt021018
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0365258
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0386276
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt03312839
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt03312839
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0241572
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt04610605
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt04852177
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt089904
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0238252
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0328156
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0118833
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1-113145
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DUE TO GERSTELL ACADEMY
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1PROMISSORY NOTE TO GERSTELL ACADEMY
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt05836721
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt17965
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt213651704
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt3128
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt470240
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/MethodValuationCd0F
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd1F
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd2F
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd3F
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd4F
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, 2023.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt027793761
IRS990ScheduleD/TotalBookValueSecuritiesAmt019566758
IRS990ScheduleD/TotalLiabilityAmt05688
IRS990/ScheduleJRequiredInd00
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm0PAUL O WALLACEGROSS MENDELSOHN
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0ACCOUNTANT
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd00
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt022654
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 -2.
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/EndOfYearAssetsAmt027864820
IRS990ScheduleR/IdDisregardedEntitiesGrp/LegalDomicileStateCd0MD
IRS990ScheduleR/IdDisregardedEntitiesGrp/PrimaryActivitiesTxt0OWNS REAL ESTATE
IRS990ScheduleR/IdDisregardedEntitiesGrp/TotalIncomeAmt010186
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/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd01
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt01237386
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt13436
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt2350000
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt31005
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt095% OF BUILDING EXPENSE
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt1INTEREST PAID RELATED TO NOTE
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt2ACCOUNT REGISTER
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt3ACCOUNT REGISTER
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0GERSTELL ACADEMY INC
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt1GERSTELL ACADEMY INC

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$48,221,578
Liabilities
$4,476,130
Net assets
$43,745,448
Revenue
$364,859
Expenses
$1,541,635
Net income
-$1,176,776
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$50.3$4.76$45.6$2.03$2.00$0.04
2023Detailed filing. Detailed filing data is available for this year.$48.2$4.48$43.7$0.36$1.54$1.18
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$47.3$4.65$42.6$8.91$1.54$7.37
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$48.4$7.62$40.8$0.53$1.71$1.18