Civic Intelligence

Monarch Academy Baltimore Campus Inc.

990 • Fiscal year 2017 • EIN 45-2605141

Jul 01, 2016 to Jun 30, 2017 • Filed on May 11, 2018

Organization ProfileWWW.MONARCHCHARTER.ORG
6802 Mcclean BoulevardBaltimore, MD 21234

(410) 396-0762

Siviq Scores

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

Liabilities / Assets

90th percentile

0.93x

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

2017 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2017

Liabilities / Revenue

85th percentile

1.52x

Higher debt load relative to revenue than 85% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2017

Net Margin

37th percentile

0.2%

Higher net margin than 37% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2017

Top Officer Pay

82nd percentile

$326,829

Higher top officer pay than 82% of similar nonprofits.

Top officer pay equals 3.4% of source-year revenue.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2017

Asset Growth

15th percentile

-4.4%

Faster asset growth than 15% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2016 to 2017

Revenue Growth

30th percentile

-1.5%

Faster revenue growth than 30% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets90th percentile

Assets

Down

$15,780,184

Down $724,781 (-4.4%) from 2016

Net Assets

Up

$1,159,063

Up $21,142 (+1.9%) from 2016

Liabilities

Down

$14,621,121

Down $745,923 (-4.9%) from 2016

Revenue And Expenses
Liabilities / Revenue85th percentileNet Margin37th percentile

Revenue

Down

$9,630,630

Down $146,663 (-1.5%) from 2016

Expenses

Up

$9,609,488

Up $199,495 (+2.1%) from 2016

Net Income

Down

$21,142

Down $346,158 (-94%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth15th 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

2017

Assets$15,780,184
Liabilities$14,621,121
Net Assets$1,159,063
Open 2017 Filing

Operations Trend

Revenue Growth30th percentile

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

2017

Revenue$9,630,630
Expenses$9,609,488
Net Income$21,142
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
May 11, 2018
Return Version
2016v3.0
Gross Receipts
$9,858,375
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 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.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$14,035,275$13,539,650▼ $495,625
Intangible Assets$1,581,263$1,403,352▼ $177,911
Cash and Non-Interest-Bearing Accounts$620,501$682,562▲ $62,061
Accounts Receivable$199,249$66,934▼ $132,315
Total Assets$16,504,965$15,780,184▼ $724,781
Other Assets Total$68,677$87,686▲ $19,009
Liabilities
Mortgage Notes Payable Secured by Investment Property$14,957,459$13,232,376▼ $1,725,083
Other Liabilities$35,766$1,142,878▲ $1,107,112
Accounts Payable and Accrued Expenses$373,819$245,867▼ $127,952
Total Liabilities$15,367,044$14,621,121▼ $745,923
Net Assets / Fund Balance
Unrestricted Net Assets$1,137,921$1,159,063▲ $21,142
Total Net Assets Fund Balance$1,137,921$1,159,063▲ $21,142
Total Liabilities and Net Assets / Fund Balance$16,504,965$15,780,184▼ $724,781

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$10,294,647$1,506,346$11,800,993
Leasehold Improvements$1,757,789$495,093$2,252,882
Land$1,098,055-$1,098,055
Equipment$289,038$452,818$741,856
Other Land Buildings$100,121$14,655$114,776
Compensation and Service Providers
Top Officer Pay82nd percentile

Board Members and Trustees

NameTitle
Gregory E Gann EsqChairperson
Andrew L RossPresident
CAITLIN O'HARADirector
David BorinskyDirector
Dr David J NyweideDirector
Dr Jean BlosserDirector
Dr Nicholas HobarDirector
Elaine ClintonDirector
Kimberly Amprey FlowersDirector
Shawn HartDirector
Wingrove LyntonDirector
Eric SmithPta Board Representative
Stephen BaldwinExecutive VP/CFO

Highest Paid Contractors

ContractorServicesLocationCompensation
The Children's Guild INCManagement Services6802 MCCLEAN BLVD, Baltimore, MD 21234$1,000,816
Fleming TransportTransportation4411 WALBASH AVENUE, Baltimore, MD 21215$389,156
Pearson EdCurriculum And Educational MaterialsPO BOX 409496, Atlanta, GA 30384$202,142
Safeguard MaintenanceCustodial Services138 COCKEYSVILLE RD, Cockeysville, MD 21030$150,114
Revenue and Support

Revenue Composition

Contributions and Grants
$195
Program Service Revenue
$9,056,729
Investment Income
$0
Other Revenue
$573,706
All Other Contributions
$195
Change in Net Assets
$21,142

Audited Revenue Reconciliation

Revenue per Audited Statements
$9,858,375
Revenue Not Reported on Financial Statements
$-227,745
Revenue Not Reported on Form 990
$182,523
Other Revenue Adjustments
$-227,745
Total Revenue per Audited Statements
$10,040,898
Total Revenue per Form 990
$9,630,630
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$9,609,488
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
Interest$868,431--$868,431
Fees for Services Management-$723,150-$723,150
Depreciation Depletion$665,093--$665,093
Occupancy$170,698--$170,698
All Other Expenses$74,900--$74,900
Fees for Services Other$65,038--$65,038
Other Expenses$58,524--$58,524
Insurance$41,347--$41,347
Fees for Services Accounting$21,400--$21,400
Advertising$14,769--$14,769
Information Technology$10,147--$10,147
Conferences and Meetings$1,004--$1,004
Fees for Services Legal$488--$488
Travel$55--$55
Total Functional Expenses$8,886,338$723,150$0$9,609,488

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$10,019,756
Expenses per Audited Statements$9,837,233
Total Expenses per Form 990$9,609,488
Expenses Not Reported on Form 990$182,523
Expenses Not Reported on Financial Statements$-227,745
Other Expense Adjustments$-227,745
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
Lease Payable$1,129,001
Due to Related Entity$13,877
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 11B

“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

Filer Name
Monarch Academy Baltimore Campus Inc
EIN
45-2605141
Phone
4103960762
Address
6802 MCCLEAN BOULEVARD, BALTIMORE, MD 21234

Signing Officer

Name
Stephen M Baldwin
Title
Executive VP/CFO
Phone
4104403800
Signed
2018-05-11
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
70

Preparer

Firm
Katz Abosch
Address
9690 DEERECO RD STE 500, TIMONIUM, MD 21093
Preparer
Michael J Agetstein CPA Pfs
Phone
4108286432
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 2C:

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

Financial Statement Notes

PART XI, LINE 4B - OTHER ADJUSTMENTS:

“Rental expenses -227,745.”

PART XII, LINE 4B - OTHER ADJUSTMENTS:

“Rental expenses -227,745.”

Raw XML AppendixShowing 400 of 631 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/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt12229282
IRS990/Form990PartVIISectionAGrp/TitleTxt0CHAIRPERSON
IRS990/Form990PartVIISectionAGrp/TitleTxt1DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10PTA BOARD REPRESENTATIVE
IRS990/Form990PartVIISectionAGrp/TitleTxt11PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt12EXECUTIVE VP/CFO
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr02011
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/ConsolAndSepBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt011
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt09858375
IRS990/GrossRentsGrp/RealAmt0110083
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt011
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InformationTechnologyGrp/ProgramServicesAmt010147
IRS990/InformationTechnologyGrp/TotalAmt010147
IRS990/InsuranceGrp/ProgramServicesAmt041347
IRS990/InsuranceGrp/TotalAmt041347
IRS990/IntangibleAssetsGrp/BOYAmt01581263
IRS990/IntangibleAssetsGrp/EOYAmt01403352
IRS990/InterestGrp/ProgramServicesAmt0868431
IRS990/InterestGrp/TotalAmt0868431
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt03
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt02468912
IRS990/LandBldgEquipBasisNetGrp/BOYAmt014035275
IRS990/LandBldgEquipBasisNetGrp/EOYAmt013539650
IRS990/LandBldgEquipCostOrOtherBssAmt016008562
IRS990/LegalDomicileStateCd0MD
IRS990/LessRentalExpensesGrp/RealAmt0227745
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
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 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.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
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IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt013232376
IRS990/NetAssetsOrFundBalancesBOYAmt01137921
IRS990/NetAssetsOrFundBalancesEOYAmt01159063
IRS990/NetRentalIncomeOrLossGrp/ExclusionAmt0-117662
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt0-117662
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ProgramServicesAmt0170698
IRS990/OccupancyGrp/TotalAmt0170698
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt068677
IRS990/OtherAssetsTotalGrp/EOYAmt087686
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0CONTRACTED SERVICES
IRS990/OtherExpensesGrp/Desc1REPAIRS AND MAINTENANCE
IRS990/OtherExpensesGrp/Desc2SUPPLIES
IRS990/OtherExpensesGrp/Desc3OTHER DIRECT COSTS
IRS990/OtherExpensesGrp/ProgramServicesAmt06352862
IRS990/OtherExpensesGrp/ProgramServicesAmt1332911
IRS990/OtherExpensesGrp/ProgramServicesAmt2208671
IRS990/OtherExpensesGrp/ProgramServicesAmt358524
IRS990/OtherExpensesGrp/TotalAmt06352862
IRS990/OtherExpensesGrp/TotalAmt1332911
IRS990/OtherExpensesGrp/TotalAmt2208671
IRS990/OtherExpensesGrp/TotalAmt358524
IRS990/OtherLiabilitiesGrp/BOYAmt035766
IRS990/OtherLiabilitiesGrp/EOYAmt01142878
IRS990/OtherRevenueMiscGrp/BusinessCd0523000
IRS990/OtherRevenueMiscGrp/Desc0AMORTIZATION OF NMTC COD INCOME
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt0691368
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0691368
IRS990/OtherRevenueTotalAmt0691368
IRS990/OtherWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0ANDREW L ROSS
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0611110
IRS990/ProgramServiceRevenueGrp/Desc0PER PUPIL REVENUE
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt09056729
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt09056729
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0350
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0549
IRS990/PYOtherExpensesAmt09409993
IRS990/PYOtherRevenueAmt0605295
IRS990/PYProgramServiceRevenueAmt09171099
IRS990/PYRevenuesLessExpensesAmt0367300
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt09409993
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt09777293
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt021142
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RentalIncomeOrLossGrp/RealAmt0-117662
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt09748097
IRS990ScheduleA/SchoolInd0X
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt010294647
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01506346
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt011800993
IRS990ScheduleD/DonatedServicesAndUseFcltsAmt0182523
IRS990ScheduleD/DonatedServicesUseFcltsAmt0182523
IRS990ScheduleD/EquipmentGrp/BookValueAmt0289038
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0452818
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0741856
IRS990ScheduleD/ExpensesNotReportedAmt0182523
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt0-227745
IRS990ScheduleD/ExpensesSubtotalAmt09837233
IRS990ScheduleD/LandGrp/BookValueAmt01098055
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt01098055
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt01757789
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0495093
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt02252882
IRS990ScheduleD/OtherExpensesNotIncludedAmt0-227745
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0100121
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt014655
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0114776
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt013877
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt11129001
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DUE TO RELATED ENTITY
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1LEASE PAYABLE
IRS990ScheduleD/OtherRevenuesNotIncludedAmt0-227745
IRS990ScheduleD/RevenueNotReportedAmt0182523
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt0-227745
IRS990ScheduleD/RevenueSubtotalAmt09858375
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0RENTAL EXPENSES -227,745.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1RENTAL EXPENSES -227,745.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART XI, LINE 4B - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART XII, LINE 4B - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt013539650
IRS990ScheduleD/TotalExpensesPerForm990Amt09609488
IRS990ScheduleD/TotalLiabilityAmt01142878
IRS990ScheduleD/TotalRevenuePerForm990Amt09630630
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt010040898
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt010019756
IRS990ScheduleE/ComplianceWithRevProc7550Ind01
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd00
IRS990ScheduleE/DiscriminateRaceAthltProgInd00
IRS990ScheduleE/DiscriminateRaceEducPlcyInd00
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd00
IRS990ScheduleE/DiscriminateRaceOtherActyInd00
IRS990ScheduleE/DiscriminateRaceSchsInd00
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd00
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd00
IRS990ScheduleE/GovernmentFinancialAidRcvdInd00
IRS990ScheduleE/GovernmentFinancialAidRvkdInd00
IRS990ScheduleE/MaintainCpyOfAllSolInd01
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd01
IRS990ScheduleE/MaintainRacialCompRecsInd01
IRS990ScheduleE/MaintainScholarshipsRecsInd00
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd01
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd01
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd01
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
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt123440

Document Assets

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Filings

Displayed year

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

Open filing
Assets
$15,780,184
Liabilities
$14,621,121
Net assets
$1,159,063
Revenue
$9,630,630
Expenses
$9,609,488
Net income
$21,142
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
2017Detailed filing. Detailed filing data is available for this year.$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