Civic Intelligence

Monarch Academy Baltimore Campus Inc.

990 • Fiscal year 2014 • EIN 45-2605141

Jul 01, 2013 to Jun 30, 2014 • Filed on Feb 18, 2015

Organization ProfileWWW.MONARCHCHARTER.ORG
6802 Mcclean Boulevard21234

(410) 444-3800

Siviq Scores

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

Liabilities / Assets

90th percentile

0.91x

Higher debt load relative to assets than 90% of similar nonprofits.

2014 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2014

Liabilities / Revenue

84th percentile

1.43x

Higher debt load relative to revenue than 84% of similar nonprofits.

2014 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2014

Net Margin

58th percentile

5.2%

Higher net margin than 58% of similar nonprofits.

2014 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2014

Top Officer Pay

70th percentile

$238,681

Higher top officer pay than 70% of similar nonprofits.

Top officer pay equals 2.5% of source-year revenue.

2014 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2014

Asset Growth

89th percentile

27%

Faster asset growth than 89% of similar nonprofits.

2014 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2013 to 2014

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2014

Balance Sheet
Liabilities / Assets90th percentile

Assets

Up

$14,848,995

Up $3,155,017 (+27%) from 2013

Net Assets

Up

$1,270,016

Up $496,605 (+64%) from 2013

Liabilities

Up

$13,578,979

Up $2,658,412 (+24%) from 2013

Revenue And Expenses
Liabilities / Revenue84th percentileNet Margin58th percentile

Revenue

$9,466,814

No earlier filing loaded for comparison.

Expenses

Up

$8,970,209

Up $3,074,897 (+52%) from 2013

Net Income

$496,605

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset Growth89th percentile

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

$20M$10M$0-$10MAssets 2012: $628,120Liabilities 2012: $492,218Net Assets 2012: $135,9022012Assets 2013: $11,693,978Liabilities 2013: $10,920,567Net Assets 2013: $773,4112013Assets 2014: $14,848,995Liabilities 2014: $13,578,979Net Assets 2014: $1,270,0162014Assets 2015: $17,335,208Liabilities 2015: $16,564,587Net Assets 2015: $770,6212015Assets 2016: $16,504,965Liabilities 2016: $15,367,044Net Assets 2016: $1,137,9212016Assets 2017: $15,780,184Liabilities 2017: $14,621,121Net Assets 2017: $1,159,0632017Assets 2018: $14,303,172Liabilities 2018: $15,457,150Net Assets 2018: -$1,153,9782018Assets 2019: $13,909,472Liabilities 2019: $15,909,821Net Assets 2019: -$2,000,3492019Assets 2020: $13,367,244Liabilities 2020: $17,297,767Net Assets 2020: -$3,930,5232020Assets 2021: $12,308,281Liabilities 2021: $17,651,449Net Assets 2021: -$5,343,1682021Assets 2022: $11,110,682Liabilities 2022: $12,742,110Net Assets 2022: -$1,631,4282022Assets 2023: $10,689,743Liabilities 2023: $12,244,718Net Assets 2023: -$1,554,9752023Assets 2024: $10,825,079Liabilities 2024: $12,541,316Net Assets 2024: -$1,716,2372024

Highlighted filing

2014

Assets$14,848,995
Liabilities$13,578,979
Net Assets$1,270,016
Open 2014 Filing

Operations Trend

Revenue GrowthScore unavailable

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$15M$10M$5.0M$0-$5.0MExpenses 2012: $3,269,0362012Expenses 2013: $5,895,3122013Revenue 2014: $9,466,814Expenses 2014: $8,970,209Net Income 2014: $496,6052014Revenue 2015: $9,788,426Expenses 2015: $10,287,821Net Income 2015: -$499,3952015Revenue 2016: $9,777,293Expenses 2016: $9,409,993Net Income 2016: $367,3002016Revenue 2017: $9,630,630Expenses 2017: $9,609,488Net Income 2017: $21,1422017Revenue 2018: $9,398,363Expenses 2018: $9,982,987Net Income 2018: -$584,6242018Revenue 2019: $9,029,060Expenses 2019: $9,875,431Net Income 2019: -$846,3712019Revenue 2020: $160,357Expenses 2020: $2,090,531Net Income 2020: -$1,930,1742020Revenue 2021: $658,788Expenses 2021: $2,071,433Net Income 2021: -$1,412,6452021Revenue 2022: $5,668,871Expenses 2022: $1,957,131Net Income 2022: $3,711,7402022Revenue 2023: $874,221Expenses 2023: $888,768Net Income 2023: -$14,5472023Revenue 2024: $826,863Expenses 2024: $988,125Net Income 2024: -$161,2622024

Highlighted filing

2014

Revenue$9,466,814
Expenses$8,970,209
Net Income$496,605
Open 2014 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2013 to Jun 30, 2014
Signed
Feb 18, 2015
Return Version
2013v4.0
Gross Receipts
$9,466,814
Mission and Program Overview

Mission

The academy is a tuition-free, publicly funded charter school open to all students in baltimore city. The academy currently serves students in kindergarted through eighth grade. The academy's mission is to provide a school culture that produces students who think critically, problem solve creatively, become self-disciplined, know how to learn, and who understand that the goal of life is to serve a cause larger than one's self.

The academy is a tuition-free, publicly funded charter school open to all students in baltimore city. The academy currently serves students in kindergarten through seventh grade. The academy's mission is to provide a school culture that produces students who think critically, problem solve creatively, become self-disciplined, know how to learn, and who understand that the goal of life is to serve a cause larger than one's self.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$10,845,994$13,622,514▲ $2,776,520
Cash and Non-Interest-Bearing Accounts$830,477$1,209,487▲ $379,010
Accounts Receivable$17,507$16,994▼ $513
Total Assets$11,693,978$14,848,995▲ $3,155,017
Liabilities
Mortgage Notes Payable Secured by Investment Property$8,721,038$12,469,650▲ $3,748,612
Accounts Payable and Accrued Expenses$2,128,974$903,947▼ $1,225,027
Deferred Revenue$0$103,684▲ $103,684
Other Liabilities$70,555$101,698▲ $31,143
Total Liabilities$10,920,567$13,578,979▲ $2,658,412
Net Assets / Fund Balance
Unrestricted Net Assets$773,411$1,270,016▲ $496,605
Total Net Assets Fund Balance$773,411$1,270,016▲ $496,605
Total Liabilities and Net Assets / Fund Balance$11,693,978$14,848,995▲ $3,155,017

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$11,467,314$327,638$11,794,952
Land$1,098,055-$1,098,055
Other Land Buildings$559,903$12,523$572,426
Leasehold Improvements$239,519$264,283$503,802
Equipment$257,723$92,064$349,787
Compensation and Service Providers
Top Officer Pay70th percentile

Board Members and Trustees

NameTitle
Jawauna M GreeneChairperson
Andrew L RossPresident
Bridget ThompsonDirector
Carole Stolte-upman RnmaccmcrcDirector
David DonabedianDirector
David J NyweideDirector
Ellen CherryDirector
Gregory E Gann EsqDirector
Kenneth R DardenDirector
Michelle HudnallDirector
Sophia WardDirector
Lori TrumbleSecretary
Stephen M BaldwinTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
The Children's Guild INCManagement Services-$775,289
Revenue and Support

Revenue Composition

Contributions and Grants
$10,584
Program Service Revenue
$9,355,374
Investment Income
$111
Other Revenue
$100,745
All Other Contributions
$10,584
Change in Net Assets
$496,605

Audited Revenue Reconciliation

Revenue per Audited Statements
$9,466,814
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$9,466,814
Total Revenue per Form 990
$9,466,814
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$8,970,209
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
Fees for Services Management-$935,537-$935,537
Interest$602,530--$602,530
Depreciation Depletion$429,607--$429,607
All Other Expenses$213,647$1,449-$215,096
Occupancy$153,490--$153,490
Other Expenses$150,292--$150,292
Fees for Services Other$118,048--$118,048
Insurance$31,809--$31,809
Advertising$22,407--$22,407
Information Technology$18,932--$18,932
Fees for Services Accounting$18,345--$18,345
Conferences and Meetings$11,077--$11,077
Fees for Services Legal-$723-$723
Total Functional Expenses$8,032,500$937,709$0$8,970,209

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$8,970,209
Total Expenses per Audited Statements$8,970,209
Total Expenses per Form 990$8,970,209
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$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 Related Entity$101,698
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Section A, Line 3

“The children's guild, inc. Has assisted the academy in establishing the academy's program, obtaining financing and peforming management and general activities on the academy's behalf.”

Form 990, Part VI, Section B, Line 11

“The form 990 is prepared by an independent cpa firm from information provided by our independent auditors and by finance staff of the academy. The 990 is reviewed by the board prior to filing with the irs.”

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

“The board of directors requires board members to submit and sign an annual conflict disclosure statement. The board reviews and approves all transactions with board members to insure the transaction is reasonable, that a more advantageous transaction or arrangement from a person or entity that would not give rise to a conflict of interest is not possible, and the transaction is appropriate based on the business and financial objective involved. Any involved party cannot vote or participate in the review or approval. Staff are required in the personnel handbook distributed to every staff member to comply with the conflict of interest and ethical practices policies.”

Form 990, Part VI, Section C, Line 19

“The organization's governing documents are available for inspection at our administrative offices at 6802 mcclean boulevard in baltimore, md.”

Filing and Contact Details

Filer

EIN
45-2605141
Phone
4104443800

Signing Officer

Name
Stephen M Baldwin
Title
Treasurer
Phone
4104403800
Signed
2015-02-18
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Andrew L Ross
Formed
2011
Legal Domicile
Md
Voting Board Members
11
Independent Board Members
11
Employees
0
Volunteers
200

Preparer

Preparer
Jane M Brewer CPA Mst
Phone
4108286432
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 2C:

“The process has not changed from the prior year.”

Raw XML AppendixShowing 400 of 564 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/MissionDesc0THE ACADEMY IS A TUITION-FREE, PUBLICLY FUNDED CHARTER SCHOOL OPEN TO ALL STUDENTS IN BALTIMORE CITY. THE ACADEMY CURRENTLY SERVES STUDENTS IN KINDERGARTEN THROUGH SEVENTH GRADE. THE ACADEMY'S MISSION IS TO PROVIDE A SCHOOL CULTURE THAT PRODUCES STUDENTS WHO THINK CRITICALLY, PROBLEM SOLVE CREATIVELY, BECOME SELF-DISCIPLINED, KNOW HOW TO LEARN, AND WHO UNDERSTAND THAT THE GOAL OF LIFE IS TO SERVE A CAUSE LARGER THAN ONE'S SELF.
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IRS990ScheduleE/DiscriminateRaceAthltProgInd00
IRS990ScheduleE/DiscriminateRaceEducPlcyInd00
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd00
IRS990ScheduleE/DiscriminateRaceOtherActyInd00
IRS990ScheduleE/DiscriminateRaceSchsInd00
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IRS990ScheduleE/NondiscriminatoryPolicyStmtInd01
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IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0ALL MATERIALS FOR SOLICITING STUDENT REGISTRATION INCLUDE THE STATEMENT THAT MONARCH ACADEMY (OR "CHARTER SCHOOLS," DEPENDING ON THE PUBLICATION) IS (ARE) OPEN TO ALL STUDENTS IN BALTIMORE CITY, REGARDLESS OF TESTING OR SCREENING. THOSE MATERIALS INCLUDE A GENERAL BROCHURE, A MONARCH FACTSHEET THAT IS PART OF A REGISTRATION PACKET, A NEWSLETTER, A PARENT FLIER AND A SOLICITATION POSTCARD THAT WAS MAILED TO HOUSEHOLDS OF POTENTIAL STUDENTS. THE MONARCH ACADEMY WEBSITE ALSO INCLUDES A GENERAL FREQUENTLY-ASKED QUESTION THAT DESCRIBES A CHARTER SCHOOL AS BEING OPEN TO ALL STUDENTS REGARDLESS OF TESTING OR SCREENING, AND THE ADMISSIONS SECTION STATES "THE SCHOOL IS PUBLICLY-FUNDED AND OPEN TO ALL STUDENTS. TESTING AND SCREENING IS NOT REQUIRED FOR ADMISSION."
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION DOES NOT PROVIDE SCHOLARSHIPS OR FINANCIAL ASSISTANCE - IT IS A PUBLIC CHARTER SCHOOL.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, PART I, LINE 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE E, PART I, LINE 4
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm1STEPHEN M BALDWIN
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IRS990ScheduleJ/SeverancePaymentInd00

Document Assets

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Filings

Displayed year

2014 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$14,848,995
Liabilities
$13,578,979
Net assets
$1,270,016
Revenue
$9,466,814
Expenses
$8,970,209
Net income
$496,605
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$10.8$12.5$1.72$0.83$0.99$0.16
2023Summary only. Only limited summary data is available for this year.$10.7$12.2$1.55$0.87$0.89$0.01
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$11.1$12.7$1.63$5.67$1.96$3.71
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$12.3$17.7$5.34$0.66$2.07$1.41
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$13.4$17.3$3.93$0.16$2.09$1.93
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$13.9$15.9$2.00$9.03$9.88$0.85
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$14.3$15.5$1.15$9.40$9.98$0.58
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$15.8$14.6$1.16$9.63$9.61$0.02
2016Detailed filing. Detailed filing data is available for this year.$16.5$15.4$1.14$9.78$9.41$0.37
2015Summary only. Only limited summary data is available for this year.$17.3$16.6$0.77$9.79$10.3$0.50
2014Detailed filing. Detailed filing data is available for this year.$14.8$13.6$1.27$9.47$8.97$0.50
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$11.7$10.9$0.77$5.90
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.63$0.49$0.14$3.27
Peer Organizations

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