Civic Intelligence

Baltimore Curriculum Project Inc.

990 • Fiscal year 2022 • EIN 52-1961406

Jul 01, 2021 to Jun 30, 2022 • Filed on Mar 03, 2023

2707 East Fayett StreetBaltimore, MD 21224

(410) 675-7000

Siviq Scores

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

Liabilities / Assets

88th percentile

0.75x

Higher debt load relative to assets than 88% of similar nonprofits.

2022 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2022

Liabilities / Revenue

88th percentile

1.45x

Higher debt load relative to revenue than 88% of similar nonprofits.

2022 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2022

Net Margin

44th percentile

4.0%

Higher net margin than 44% of similar nonprofits.

2022 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2022

Top Officer Pay

74th percentile

$191,545

Higher top officer pay than 74% of similar nonprofits.

Top officer pay equals 5.0% of source-year revenue.

2022 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2022

Asset Growth

86th percentile

36%

Faster asset growth than 86% of similar nonprofits.

2022 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2021 to 2022

Revenue Growth

44th percentile

1.3%

Faster revenue growth than 44% of similar nonprofits.

2022 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2021 to 2022

Assets

Up

$7,349,288

Up $1,930,539 (+36%) from 2021

Net Assets

Up

$1,809,583

Up $154,110 (+9.3%) from 2021

Liabilities

Up

$5,539,705

Up $1,776,429 (+47%) from 2021

Revenue

Up

$3,820,589

Up $48,797 (+1.3%) from 2021

Expenses

Up

$3,666,479

Up $74,626 (+2.1%) from 2021

Net Income

Down

$154,110

Down $25,829 (-14%) from 2021

Historical Trend

Balance Sheet Trend

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

$15M$10M$5.0M$0Assets 2013: $3,881,069Liabilities 2013: $3,240,1512013Assets 2014: $3,641,605Liabilities 2014: $2,791,498Net Assets 2014: $850,1072014Assets 2015: $3,756,864Liabilities 2015: $2,847,448Net Assets 2015: $909,4162015Assets 2016: $3,071,072Liabilities 2016: $1,995,883Net Assets 2016: $1,075,1892016Assets 2017: $2,927,602Liabilities 2017: $1,923,576Net Assets 2017: $1,004,0262017Assets 2018: $3,039,649Liabilities 2018: $1,904,394Net Assets 2018: $1,135,2552018Assets 2019: $3,640,856Liabilities 2019: $2,345,849Net Assets 2019: $1,295,0072019Assets 2020: $5,154,766Liabilities 2020: $3,679,232Net Assets 2020: $1,475,5342020Assets 2021: $5,418,749Liabilities 2021: $3,763,276Net Assets 2021: $1,655,4732021Assets 2022: $7,349,288Liabilities 2022: $5,539,705Net Assets 2022: $1,809,5832022Assets 2023: $12,352,277Liabilities 2023: $9,944,403Net Assets 2023: $2,407,8742023

Highlighted filing

2022

Assets$7,349,288
Liabilities$5,539,705
Net Assets$1,809,583

Operations Trend

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

$6.0M$4.0M$2.0M$0Revenue 2013: $1,467,525Expenses 2013: $1,285,132Net Income 2013: $182,3932013Revenue 2014: $1,377,981Expenses 2014: $1,168,792Net Income 2014: $209,1892014Revenue 2015: $1,218,526Expenses 2015: $1,159,217Net Income 2015: $59,3092015Revenue 2016: $1,871,970Expenses 2016: $1,706,197Net Income 2016: $165,7732016Revenue 2017: $1,958,152Expenses 2017: $1,873,101Net Income 2017: $85,0512017Revenue 2018: $2,425,444Expenses 2018: $2,201,619Net Income 2018: $223,8252018Revenue 2019: $2,831,532Expenses 2019: $2,671,780Net Income 2019: $159,7522019Revenue 2020: $2,972,824Expenses 2020: $2,737,297Net Income 2020: $235,5272020Revenue 2021: $3,771,792Expenses 2021: $3,591,853Net Income 2021: $179,9392021Revenue 2022: $3,820,589Expenses 2022: $3,666,479Net Income 2022: $154,1102022Revenue 2023: $4,917,075Expenses 2023: $4,451,709Net Income 2023: $465,3662023

Highlighted filing

2022

Revenue$3,820,589
Expenses$3,666,479
Net Income$154,110
Jump To
Filing Snapshot
Filing Period
Jul 1, 2021 to Jun 30, 2022
Signed
Mar 3, 2023
Return Version
2021v4.2
Gross Receipts
$3,820,589
Mission and Program Overview

Mission

The purpose of BCP was to make available to all interested Baltimore City public schools an effective and efficient curriculum that was detailed and incorporated high standards. In addition, BCP would provide school personnel with the training necessary to implement the curriculum correctly.

Build an efficient and detailed curriculum for all interested baltimore city public schools.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$2,938,369$2,930,142▼ $8,227
Cash and Non-Interest-Bearing Accounts$1,493,151$2,067,714▲ $574,563
Accounts Receivable$410,469$913,911▲ $503,442
Land, Buildings, and Equipment, Net$251,596$681,372▲ $429,776
Pledges and Grants Receivable$235,279$444,252▲ $208,973
Prepaid Expenses and Deferred Charges$89,885$311,897▲ $222,012
Total Assets$5,418,749$7,349,288▲ $1,930,539
Liabilities
Other Liabilities$3,544,733$5,027,309▲ $1,482,576
Accounts Payable and Accrued Expenses$218,543$512,396▲ $293,853
Total Liabilities$3,763,276$5,539,705▲ $1,776,429
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,596,161$1,580,271▼ $15,890
Net Assets With Donor Restrictions$59,312$229,312▲ $170,000
Total Net Assets Fund Balance$1,655,473$1,809,583▲ $154,110
Total Liabilities and Net Assets / Fund Balance$5,418,749$7,349,288▲ $1,930,539

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$437,420$64,104$501,524
Other Land Buildings$224,180$7,930$232,110
Equipment$19,772$57,532$77,304
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Lauara DohertyPresident (non-voting Member)FT$164,692$26,853$191,545
Angela ScottSecretary Non-voting Member)FT$91,900$23,756$115,656
Herman C Pitts IiCFO (non-voting Member)FT$86,664$14,507$101,171

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$1,771,709
Program Service Revenue
$2,055,639
Investment Income
$-6,759
Other Revenue
$0
All Other Contributions
$1,242,243
Change in Net Assets
$154,110

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,820,521
Revenue Not Reported on Financial Statements
$68
Revenue Not Reported on Form 990
$0
Other Revenue Adjustments
$68
Total Revenue per Audited Statements
$3,820,521
Total Revenue per Form 990
$3,820,589
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$2,015,058
Salaries, Compensation, and Employee Benefits$1,003,489
Other Expenses$647,932
Total Fundraising Expense$114,643
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$2,015,058--$2,015,058
Other Salaries and Wages$325,739$62,642$29,233$417,614
Current Officers, Directors, Trustees, and Key Employees$318,530$61,256$28,586$408,372
Office Expenses$131,708$38,885$11,820$182,413
Occupancy$123,763$23,802$11,106$158,671
Other Employee Benefits$89,672$17,244$8,048$114,964
Payroll Taxes$48,780$9,381$4,378$62,539
Fees for Services Accounting$35,780$6,881$3,211$45,872
Other Expenses$32,567$6,263$2,921$41,751
Depreciation Depletion$22,184$4,266$1,992$28,442
Total Functional Expenses$3,292,609$259,227$114,643$3,666,479

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$3,666,479
Expenses per Audited Statements$3,666,411
Total Expenses per Audited Statements$3,666,411
Expenses Not Reported on Financial Statements$68
Other Expense Adjustments$68
Expenses Not Reported on Form 990$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Frederick Elementary SchoolBaltimore, MD501(c)(3)Educational Programs$393,733
Hampstead Hills AcademyBaltimore, MD501(c)(3)Educational Programs$380,107
Govans Elementary SchoolBaltimore, MD501(c)(3)Educational Programs$341,715
Pimlico Elementarymiddle SchoolBaltimore, MD501(c)(3)Educational Programs$341,296
Wolfe Street AcademyBaltimore, MD501(c)(3)Educational Programs$334,728
City Springs Elementary SchoolBaltimore, MD501(c)(3)Educational Programs$223,479
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
Payable to Schools$5,027,309
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

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

The 990 is reviewed by the finance committee of the board of directors. It is emailed to them upon receipt.

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

Regular monitoring of the staff and board members by vetting requests from schools and members. If a potential conflict of interest arises it is discussed with the president and ceo, and the board of directors.

Form 990, Part VI, Section B, Line 15A

The salaries for the president and ceo of the organization is determined by the chairman of the board of directors. Compensation is determined by comparing similar positions at other non-profit organizations.

Form 990, Part VI, Section C, Line 19

Financial statements available to the public upon requests.

Filing and Contact Details

Filer

Filer Name
Baltimore Curriculum Project Inc
EIN
52-1961406
Phone
4106757000
Address
2707 EAST FAYETT STREET, BALTIMORE, MD 21224

Signing Officer

Name
Laura Doherty
Title
President
Phone
4106757000
Signed
2023-03-03
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Laura Doherty
Formed
1996
Legal Domicile
Md
Voting Board Members
20
Independent Board Members
20
Employees
328
Volunteers
50

Preparer

Firm
Sb & Company LLC
Address
10200 GRAND CENTRAL AVE SUITE 250, OWINGS MILLS, MD 21117
Preparer
Pamela Gray
Phone
4105840060
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

The process has not changed from the prior year.

Financial Statement Notes

PART X, LINE 2:

Bcp is a not-for-profit organization exempt from federal income tax under section 501(c)(3) of the internal revenue code and is recognized as such by the internal revenue service. The provisions included in accounting principles generally accepted in the united states of america provide consistent guidance for the accounting for uncertainty in income taxes recognized in an entity's financial statements and prescribe a threshold of "more likely than not" for recognition of tax positions taken or expected to be taken in a tax return. Bcp performed an evaluation of uncertain tax positions as of june 30, 2022, and determined that there were no matters that would require recognition in the financial statements or, which may have any effect on its tax-exempt status. As of june 30, 2022, the statute of limitations for tax years 2019 through 2022, remains open with the u.s. Federal jurisdiction or the various states and local jurisdictions in which bcp files tax returns. It is bcp's policy to recognize interest and/or penalties related to uncertain tax positions, if any, in income tax expense.

PART XI, LINE 4B - OTHER ADJUSTMENTS:

COPY CHARGES

PART XII, LINE 4B - OTHER ADJUSTMENTS:

COPY CHARGES

Line 2D and 4B

COPY CHARGES

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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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IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt15DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt16DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt17DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt18TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt19DIRECTOR
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