FURP.ORG / PUBLIC DATA EXPLORER

MONARCH ACADEMY PUBLIC CHARTER SCHOOL INC: Form 990, tax year 2020

View the entire original 990 at ProPublica ↗

Organization
MONARCH ACADEMY PUBLIC CHARTER SCHOOL INC (EIN 26-2190358)
Tax period
2020-07-01 to 2021-06-30
Filed
2022-05-16
IRS object ID
202221369349301787
Schema version
2020v4.2
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2022-05-16T08:51:04-05:00ReturnTs
Tax Period End2021-06-30TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN451135289PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1BD & COMPANY INCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line111155 RED RUN BLVD STE 410AddressLine1Txt
CityOWINGS MILLSCityNm
State AbbreviationMDStateAbbreviationCd
ZIP21117ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2020-07-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN262190358EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1THE MONARCH ACADEMY PUBLIC CHARTERBusinessNameLine1Txt
Business Name Line2SCHOOL INCBusinessNameLine2Txt
FieldValueIRS element (for citing)
Business Name ControlMONABusinessNameControlTxt
Phone4104443800PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line16802 MCCLEAN BLVDAddressLine1Txt
CityBALTIMORECityNm
State AbbreviationMDStateAbbreviationCd
ZIP21234ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonCHARLES T GORDONPersonNm
Person TitleCHIEF FINANCIAL OFFICERPersonTitleTxt
Phone4104443800PhoneNum
Signature2022-05-16SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstCHARLESPersonFirstNm
Person LastGORDONPersonLastNm
FieldValueIRS element (for citing)
SSNXXX-XX-XXXXSSN

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonBRIAN HAINESPreparerPersonNm
PTINP00347662PTIN
Phone4104159700PhoneNum
Preparation2022-05-13PreparationDt

Additional Filer Information AdditionalFilerInformation

Trusted Customer TrustedCustomerGrp

FieldValueIRS element (for citing)
Trusted Customer2TrustedCustomerCd
Authentication Assurance LevelAAL1AuthenticationAssuranceLevelCd
Identity Assurance LevelIAL1IdentityAssuranceLevelCd
FieldValueIRS element (for citing)
Tax2020TaxYr
Build TS2022-09-23 18:48:47ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerCHARLES T GORDONPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line16802 MCCLEAN BOULEVARDAddressLine1Txt
CityBALTIMORECityNm
State AbbreviationMDStateAbbreviationCd
ZIP21234ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$31,847,617GrossReceiptsAmt
Group Return For Affiliates0GroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website AddressWWW.MONARCHCHARTER.ORGWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation2008FormationYr
Legal Domicile StateMDLegalDomicileStateCd
Activity Or MissionMONARCH ACADEMY PUBLIC CHARTER SCHOOLS ARE TUITION-FREE PUBLIC CHARTER SCHOOLS THAT AIM TO EDUCATE MARYLAND STUDENTS TO BE SELF-MOTIVATED, CREATIVE, CRITICAL THINKERS AND LIFE-LONG LEARNERS WHO ARE PRODUCTIVE CONTRIBUTORS TO THE GLOBAL COMMUNITY IN THE 21ST CENTURY. AT MONARCH ACADEMY, CHILDREN ARE ENCOURAGED TO THINK CRITICALLY; QUESTION; REFLECT; AND PARTICIPATE IN A RIGOROUS, HIGHLY INTERACTIVE INSTRUCTIONAL PROGRAM THAT INTEGRATES ARTS AND TECHNOLOGY ACROSS THE CURRICULUM.ActivityOrMissionDesc
Voting Members Governing Body12VotingMembersGoverningBodyCnt
Voting Members Independent12VotingMembersIndependentCnt
Total Employee0TotalEmployeeCnt
Total Volunteers0TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$0PYContributionsGrantsAmt
CY Contributions Grants$0CYContributionsGrantsAmt
PY Program Service Revenue$30,534,788PYProgramServiceRevenueAmt
CY Program Service Revenue$31,847,617CYProgramServiceRevenueAmt
PY Investment Income$0PYInvestmentIncomeAmt
CY Investment Income$0CYInvestmentIncomeAmt
PY Other Revenue$0PYOtherRevenueAmt
CY Other Revenue$0CYOtherRevenueAmt
PY Total Revenue$30,534,788PYTotalRevenueAmt
CY Total Revenue$31,847,617CYTotalRevenueAmt
PY Grants And Similar Paid$0PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$0CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$0PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$0PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$0CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$0CYTotalFundraisingExpenseAmt
PY Other Expenses$29,350,096PYOtherExpensesAmt
CY Other Expenses$30,363,019CYOtherExpensesAmt
PY Total Expenses$29,350,096PYTotalExpensesAmt
CY Total Expenses$30,363,019CYTotalExpensesAmt
PY Revenues Less Expenses$1,184,692PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$1,484,598CYRevenuesLessExpensesAmt
Total Assets BOY$12,090,239TotalAssetsBOYAmt
Total Assets EOY$13,752,531TotalAssetsEOYAmt
Total Liabilities BOY$5,640,175TotalLiabilitiesBOYAmt
Total Liabilities EOY$5,817,869TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$6,450,064NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$7,934,662NetAssetsOrFundBalancesEOYAmt
MissionTHE MISSION OF THE MONARCH ACADEMY PUBLIC CHARTER SCHOOLS IS TO PREPARE STUDENTS FOR CITIZENSHIP BY DEVELOPING CRITICAL THINKING SKILLS, CREATIVE PROBLEM-SOLVING, SELF-DISCIPLINE, AND A COMMITMENT TO SERVICE IN ORDER TO THRIVE IN THE COMMUNITY IN WHICH THEY LIVE.MissionDesc
Significant New Program Srvc0SignificantNewProgramSrvcInd
Significant Change0SignificantChangeInd
Expense$27,166,089ExpenseAmt
Revenue$31,847,617RevenueAmt
DescTHE ACADEMY WAS INCORPORATED TO OPERATE PUBLIC CHARTER AND PUBLIC CONTRACT SCHOOLS IN ANNE ARUNDEL COUNTY FOR STUDENTS IN KINDERGARTEN THROUGH EIGTH GRADE.Desc
Total Program Service Expenses$27,166,089TotalProgramServiceExpensesAmt
Described In Section501c3Yes (1)DescribedInSection501c3Ind
Schedule B Required0ScheduleBRequiredInd
Political Campaign Acty0PoliticalCampaignActyInd
Lobbying Activities0LobbyingActivitiesInd
Subject To Proxy Tax0SubjectToProxyTaxInd
Donor Advised Fund0DonorAdvisedFundInd
Conservation Easements0ConservationEasementsInd
Collections Of Art0CollectionsOfArtInd
Credit Counseling0CreditCounselingInd
Donor Rstr Or Quasi Endowments0DonorRstrOrQuasiEndowmentsInd
Report Land Building EquipmentYes (1)ReportLandBuildingEquipmentInd
Report Investments Other Sec0ReportInvestmentsOtherSecInd
Report Program Related Invst0ReportProgramRelatedInvstInd
Report Other Assets0ReportOtherAssetsInd
Report Other LiabilitiesYes (1)ReportOtherLiabilitiesInd
Include FIN48 Footnote0IncludeFIN48FootnoteInd
Independent Audit Fincl StmtYes (1)IndependentAuditFinclStmtInd
Consolidated Audit Fincl StmtYes (1)ConsolidatedAuditFinclStmtInd
School OperatingYes (1)SchoolOperatingInd
Foreign Office0ForeignOfficeInd
Foreign Activities0ForeignActivitiesInd
More Than5000 K To Org0MoreThan5000KToOrgInd
More Than5000 K To Individuals0MoreThan5000KToIndividualsInd
Professional Fundraising0ProfessionalFundraisingInd
Fundraising Activities0FundraisingActivitiesInd
Gaming Activities0GamingActivitiesInd
Operate Hospital0OperateHospitalInd
Grants To Organizations0GrantsToOrganizationsInd
Grants To Individuals0GrantsToIndividualsInd
Schedule J RequiredYes (1)ScheduleJRequiredInd
Tax Exempt BondsYes (1)TaxExemptBondsInd
Invest Tax Exempt Bonds0InvestTaxExemptBondsInd
Escrow Account0EscrowAccountInd
On Behalf Of Issuer0OnBehalfOfIssuerInd
Engaged In Excess Benefit Trans0EngagedInExcessBenefitTransInd
PY Excess Benefit Trans0PYExcessBenefitTransInd
Loan Outstanding0LoanOutstandingInd
Grant To Related Person0GrantToRelatedPersonInd
Business Rln With Org Mem0BusinessRlnWithOrgMemInd
Business Rln With Fam Mem0BusinessRlnWithFamMemInd
Business Rln With35 Ctrl Ent0BusinessRlnWith35CtrlEntInd
Deductible Non Cash Contri0DeductibleNonCashContriInd
Deductible Art Contribution0DeductibleArtContributionInd
Terminate Operations0TerminateOperationsInd
Partial Liquidation0PartialLiquidationInd
Disregarded Entity0DisregardedEntityInd
Related EntityYes (1)RelatedEntityInd
Related Organization Ctrl Ent0RelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd Org0TrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted Prtshp0ActivitiesConductedPrtshpInd
Schedule O RequiredYes (1)ScheduleORequiredInd
IRP Document13IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Backup Wthld ComplianceYes (1)BackupWthldComplianceInd
Employee0EmployeeCnt
Unrelated Bus Incm Over Limit0UnrelatedBusIncmOverLimitInd
Foreign Financial Account0ForeignFinancialAccountInd
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
Taxable Party Notification0TaxablePartyNotificationInd
Nondeductible Contributions0NondeductibleContributionsInd
Quid Pro Quo Contributions0QuidProQuoContributionsInd
Form8282 Property Disposed Of0Form8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft Cntrct0RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct0PayPremiumsPrsnlBnftCntrctInd
Indoor Tanning Services0IndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht Pymt0SubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst Inc0SubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members12GoverningBodyVotingMembersCnt
Independent Voting Member12IndependentVotingMemberCnt
Family Or Business Rln0FamilyOrBusinessRlnInd
Delegation Of Mgmt DutiesYes (1)DelegationOfMgmtDutiesInd
Change To Org Documents0ChangeToOrgDocumentsInd
Material Diversion Or Misuse0MaterialDiversionOrMisuseInd
Members Or Stockholders0MembersOrStockholdersInd
Election Of Board Members0ElectionOfBoardMembersInd
Decisions Subject To Approva0DecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (1)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (1)MinutesOfCommitteesInd
Officer Mailing Address0OfficerMailingAddressInd
Local Chapters0LocalChaptersInd
Form990 Provided To Gvrn BodyYes (1)Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (1)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (1)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (1)RegularMonitoringEnfrcInd
Whistleblower PolicyYes (1)WhistleblowerPolicyInd
Document Retention PolicyYes (1)DocumentRetentionPolicyInd
Compensation Process CEOYes (1)CompensationProcessCEOInd
Compensation Process OtherYes (1)CompensationProcessOtherInd
Investment In Joint Venture0InvestmentInJointVentureInd
States Where Copy Of Return Is FldMDStatesWhereCopyOfReturnIsFldCd
Other WebsiteYes (X)OtherWebsiteInd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1CHARLES T GORDONBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone4104443800PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line16802 MCCLEAN BLVDAddressLine1Txt
CityBALTIMORECityNm
State AbbreviationMDStateAbbreviationCd
ZIP21234ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (14 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtAverage Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmt
DR SISSY JIMENEZ
CHAIRPERSON2.002.00Yes (X)Yes (X)$0$0$0
ERIC M DEVITO ESQ
DIRECTOR2.00Yes (X)$0$0$0
MEGHAN PHILBECK
DIRECTOR2.00Yes (X)$0$0$0
KANDACE HOPPIN
DIRECTOR2.00Yes (X)$0$0$0
LOISE SILVA NOVOCHADLO TALIAFERRO
DIRECTOR2.00Yes (X)$0$0$0
JESS DEINLEIN
DIRECTOR2.00Yes (X)$0$0$0
RAY SZYPERSKI
DIRECTOR2.00Yes (X)$0$0$0
CARLY CZYZEWSKI
DIRECTOR2.00Yes (X)$0$0$0
SHAE DELFINO
DIRECTOR2.00Yes (X)$0$0$0
JANINE FRATANTUONO
DIRECTOR2.002.00Yes (X)$0$0$0
ELIZABETH NOBLE
DIRECTOR2.00Yes (X)$0$0$0
DEREK MATTHEWS
DIRECTOR2.00Yes (X)$0$0$0
ANDREW ROSS
PRESIDENT5.0050.00Yes (X)$0$308,129$8,400
STEPHEN BALDWIN
EXECUTIVE VP/CGO5.0050.00Yes (X)$0$248,864$13,329
FieldValueIRS element (for citing)
Total Reportable Comp From Org$0TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$556,993TotReportableCompRltdOrgAmt
Total Other Compensation$21,729TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K0IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed0FormerOfcrEmployeesListedInd
Total Comp Greater Than150 KYes (1)TotalCompGreaterThan150KInd
Compensation From Other Srcs0CompensationFromOtherSrcsInd
Cntrct Rcvd Greater Than100 K0CntrctRcvdGreaterThan100KCnt

Program Service Revenue ProgramServiceRevenueGrp

FieldValueIRS element (for citing)
DescPER PUPIL REVENUEDesc
Business611110BusinessCd
Total Revenue Column$31,847,617TotalRevenueColumnAmt
Related Or Exempt Func Income$31,847,617RelatedOrExemptFuncIncomeAmt
FieldValueIRS element (for citing)
Total Program Service Revenue$31,847,617TotalProgramServiceRevenueAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$31,847,617TotalRevenueColumnAmt
Related Or Exempt Func Income$31,847,617RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$0ExclusionAmt

Fees For Services Management FeesForServicesManagementGrp

FieldValueIRS element (for citing)
Total$3,181,930TotalAmt
Management And General$3,181,930ManagementAndGeneralAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$15,000TotalAmt
Management And General$15,000ManagementAndGeneralAmt

Advertising AdvertisingGrp

FieldValueIRS element (for citing)
Total$16,185TotalAmt
Program Services$16,185ProgramServicesAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$206,164TotalAmt
Program Services$206,164ProgramServicesAmt

Information Technology InformationTechnologyGrp

FieldValueIRS element (for citing)
Total$53,243TotalAmt
Program Services$53,243ProgramServicesAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$4,461,480TotalAmt
Program Services$4,461,480ProgramServicesAmt

Conferences Meetings ConferencesMeetingsGrp

FieldValueIRS element (for citing)
Total$217TotalAmt
Program Services$217ProgramServicesAmt

Interest InterestGrp

FieldValueIRS element (for citing)
Total$49,139TotalAmt
Program Services$49,139ProgramServicesAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$994,380TotalAmt
Program Services$994,380ProgramServicesAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$236,556TotalAmt
Program Services$236,556ProgramServicesAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDescTotalTotalAmtProgram ServicesProgramServicesAmt
CONTRACTED SERVICES$18,818,343$18,818,343
TRANSPORTATION COSTS$1,617,104$1,617,104
ADMINISTRATIVE FEES$636,385$636,385
EDUCATION$76,893$76,893

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$30,363,019TotalAmt
Program Services$27,166,089ProgramServicesAmt
Management And General$3,196,930ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$2,161,042BOYAmt
EOY$3,624,629EOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
BOY$8,096BOYAmt
EOY$0EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$216,781BOYAmt
EOY$248,908EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$15,113,811LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$5,284,817LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$9,654,320BOYAmt
EOY$9,828,994EOYAmt

Other Assets Total OtherAssetsTotalGrp

FieldValueIRS element (for citing)
BOY$50,000BOYAmt
EOY$50,000EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$12,090,239BOYAmt
EOY$13,752,531EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$392,773BOYAmt
EOY$415,690EOYAmt

Deferred Revenue DeferredRevenueGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$27,260EOYAmt

Other Liabilities OtherLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$5,247,402BOYAmt
EOY$5,374,919EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$5,640,175BOYAmt
EOY$5,817,869EOYAmt
FieldValueIRS element (for citing)
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$6,450,064BOYAmt
EOY$7,934,662EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$6,450,064BOYAmt
EOY$7,934,662EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$12,090,239BOYAmt
EOY$13,752,531EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss$1,484,598ReconcilationRevenueExpnssAmt
Other Changes In Net Assets$0OtherChangesInNetAssetsAmt
Info In Schedule O Part XIIYes (X)InfoInScheduleOPartXIIInd
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or Review0AccountantCompileOrReviewInd
FS AuditedYes (1)FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

FieldValueIRS element (for citing)
Consol And Sep Basis Fincl StmtYes (X)ConsolAndSepBasisFinclStmtInd
FieldValueIRS element (for citing)
Audit CommitteeYes (1)AuditCommitteeInd
Federal Grant Audit Required0FederalGrantAuditRequiredInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
SchoolYes (X)SchoolInd

Schedule D IRS990ScheduleD

Leasehold Improvements LeaseholdImprovementsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$12,310,970OtherCostOrOtherBasisAmt
Depreciation$3,748,917DepreciationAmt
Book Value$8,562,053BookValueAmt

Equipment EquipmentGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$2,769,298OtherCostOrOtherBasisAmt
Depreciation$1,535,900DepreciationAmt
Book Value$1,233,398BookValueAmt

Other Land Buildings OtherLandBuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$33,543OtherCostOrOtherBasisAmt
Book Value$33,543BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$9,828,994TotalBookValueLandBuildingsAmt

Other Liabilities Org OtherLiabilitiesOrgGrp (3 entries)

DescDescAmtAmt
DUE TO RELATED PARTY$646,124
LINE OF CREDIT$915,320
DEFERRED RENT$3,813,475
FieldValueIRS element (for citing)
Total Liability$5,374,919TotalLiabilityAmt
Total Rev Etc Audited Fincl Stmt$31,847,617TotalRevEtcAuditedFinclStmtAmt
Revenue Not Reported$0RevenueNotReportedAmt
Revenue Subtotal$31,847,617RevenueSubtotalAmt
Revenue Not Reported Fincl Stmt$0RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990$31,847,617TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$30,363,019TotExpnsEtcAuditedFinclStmtAmt
Expenses Not Reported$0ExpensesNotReportedAmt
Expenses Subtotal$30,363,019ExpensesSubtotalAmt
Expenses Not Rpt Fincl Stmt$0ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990$30,363,019TotalExpensesPerForm990Amt

Schedule E IRS990ScheduleE

FieldValueIRS element (for citing)
Nondiscriminatory Policy StmtYes (1)NondiscriminatoryPolicyStmtInd
Policy Stmt In Brochures EtcYes (1)PolicyStmtInBrochuresEtcInd
Plcy Pblczd Via Broadcast MediaYes (1)PlcyPblczdViaBroadcastMediaInd
Maintain Racial Comp RecsYes (1)MaintainRacialCompRecsInd
Maintain Scholarships Recs0MaintainScholarshipsRecsInd
Maintain Cpy Of Brochures EtcYes (1)MaintainCpyOfBrochuresEtcInd
Maintain Cpy Of All SolYes (1)MaintainCpyOfAllSolInd
Discriminate Race Stdnts Rghts0DiscriminateRaceStdntsRghtsInd
Discriminate Race Admiss Plcy0DiscriminateRaceAdmissPlcyInd
Discriminate Race Emplm Fculty0DiscriminateRaceEmplmFcultyInd
Discriminate Race Schs0DiscriminateRaceSchsInd
Discriminate Race Educ Plcy0DiscriminateRaceEducPlcyInd
Discriminate Race Use Of Fclts0DiscriminateRaceUseOfFcltsInd
Discriminate Race Athlt Prog0DiscriminateRaceAthltProgInd
Discriminate Race Other Acty0DiscriminateRaceOtherActyInd
Government Financial Aid Rcvd0GovernmentFinancialAidRcvdInd
Government Financial Aid Rvkd0GovernmentFinancialAidRvkdInd
Compliance With Rev Proc7550Yes (1)ComplianceWithRevProc7550Ind

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
SCHEDULE E, PART I, LINE 3ALL MATERIALS FOR SOLICITING STUDENT REGISTRATION INCLUDE THE STATEMENT THAT MONARCH ACADEMY (OR "CHARTER/CONTRACT SCHOOLS," DEPENDING ON THE PUBLICATION) IS (ARE) OPEN TO ALL STUDENTS IN ANNE ARUNDEL COUNTY, 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."
SCHEDULE E, PART I, LINE 4THE ORGANIZATION DOES NOT PROVIDE SCHOLARSHIPS OR FINANCIAL ASSITANCE - IT IS A PUBLIC CHARTER SCHOOL.

Schedule J IRS990ScheduleJ

FieldValueIRS element (for citing)
Severance Payment0SeverancePaymentInd
Supplemental Nonqual Rtr PlanYes (1)SupplementalNonqualRtrPlanInd
Equity Based Comp Arrngm0EquityBasedCompArrngmInd
Comp Based On Revenue Of Flng Org0CompBasedOnRevenueOfFlngOrgInd
Comp Bsd On Rev Related Orgs0CompBsdOnRevRelatedOrgsInd
Comp Bsd Net Earns Flng Org0CompBsdNetEarnsFlngOrgInd
Comp Bsd Net Earns Rltd Orgs0CompBsdNetEarnsRltdOrgsInd
Any Non Fixed Payments0AnyNonFixedPaymentsInd
Initial Contract Exception0InitialContractExceptionInd

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (2 entries)

TitleTitleTxtBase Compensation Filing OrgBaseCompensationFilingOrgAmtCompensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmtBonus Filing OrganizationBonusFilingOrganizationAmountBonus Related OrganizationsBonusRelatedOrganizationsAmtOther Compensation Filing OrgOtherCompensationFilingOrgAmtOther Compensation Rltd OrgsOtherCompensationRltdOrgsAmtDeferred Compensation Flng OrgDeferredCompensationFlngOrgAmtDeferred Comp Rltd OrgsDeferredCompRltdOrgsAmtNontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmtNontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmtTotal Compensation Filing OrgTotalCompensationFilingOrgAmtTotal Compensation Rltd OrgsTotalCompensationRltdOrgsAmtComp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmtComp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt
ANDREW ROSS
PRESIDENT$0$277,943$0$29,400$0$786$0$8,400$0$0$0$316,529$0$0
STEPHEN BALDWIN
EXECUTIVE VP/CGO$0$218,078$0$30,000$0$786$0$6,165$0$7,164$0$262,193$0$0

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
PART I, LINE 3THE PRESIDENT OF MONARCH ACADEMY PUBLIC CHARTER SCHOOL IS COMPENSATED BY A RELATED ORGANIZATION, THE CHILDREN'S GUILD, INC.
PART I, LINE 4BTHE FOLLOWING INDIVIDUALS PARTICIPATE IN A SECTION 457 NONQUALIFIED DEFERRED COMPENSATION PLAN. INDIVIDUAL VESTED BALANCE --------ANDREW L. ROSS $366,393

Schedule K IRS990ScheduleK

Tax Exempt Bonds Issues TaxExemptBondsIssuesGrp (2 entries)

Bond ReferenceBondReferenceCdBond Issuer EINBondIssuerEINCUSIPCUSIPNumBond IssuedBondIssuedDtIssue PriceIssuePriceAmtPurposePurposeDescDefeasedDefeasedIndOn Behalf Of IssuerOnBehalfOfIssuerIndPool FinancingPoolFinancingInd
MARYLAND INDUSTRIAL DEVELOPMENT FINANCING AUTHORITY
A526002033NONEAVAIL2014-09-23$14,300,000CONSTRUCT SCHOOL000
MARYLAND ECONOMIC DEVELOPMENT CORPORATION
B521376562NONEAVAIL2019-11-14$26,000,000REFINANCE OF CONSTRUCTION LOAN000

Tax Exempt Bonds Proceeds TaxExemptBondsProceedsGrp (2 entries)

Bond ReferenceBondReferenceCdRetiredRetiredAmtTotal ProceedsTotalProceedsAmtIssuance Costs From ProceedsIssuanceCostsFromProceedsAmtCapital ExpendituresCapitalExpendituresAmtSubstantial CompletionSubstantialCompletionYrRefunding Tax Exempt BondsRefundingTaxExemptBondsIndRefunding Taxable BondsRefundingTaxableBondsIndFinal Allocation MadeFinalAllocationMadeIndAdequate Books And Rec MaintAdequateBooksAndRecMaintIndOther Spent ProceedsOtherSpentProceedsAmt
A$14,300,000$14,300,000$286,000$14,014,000201400Yes (1)Yes (1)
B$26,000,000$1,303,522$1,366,771Yes (1)0Yes (1)Yes (1)$23,329,707

Tax Exempt Bonds Private Bus Use TaxExemptBondsPrivateBusUseGrp (2 entries)

Bond ReferenceBondReferenceCdOwning Bond Financed PropertyOwningBondFinancedPropertyIndAny Lease ArrangementsAnyLeaseArrangementsIndMgmt Contract Bond Fincd PropMgmtContractBondFincdPropIndAny Research AgreementsAnyResearchAgreementsIndPrivate Bus Use By OthersPrivateBusUseByOthersPctPrivate Bus Concerning UBIPrivateBusConcerningUBIPctTotal Private Business UseTotalPrivateBusinessUsePctBond Iss Meet Prvt Sec Pymt TestBondIssMeetPrvtSecPymtTestIndChange In Use Bond Financed PropChangeInUseBondFinancedPropIndProcs Nonqualified Bond RemdtdProcsNonqualifiedBondRemdtdInd
A00000.000000.000000.00000000
B00000.000000.000000.00000000

Tax Exempt Bonds Arbitrage TaxExemptBondsArbitrageGrp (2 entries)

Bond ReferenceBondReferenceCdForm8038 T FiledForm8038TFiledIndRebate Not Due YetRebateNotDueYetIndException To RebateExceptionToRebateIndNo Rebate DueNoRebateDueIndVariable Rate IssueVariableRateIssueIndHedge Identified In Bks And RecHedgeIdentifiedInBksAndRecIndGross Proceeds Invested In GICGrossProceedsInvestedInGICIndGross Proceeds InvestedGrossProceedsInvestedIndWritten Proc To Monitor ReqsWrittenProcToMonitorReqsInd
A00Yes (1)000000
B00Yes (1)000000

Procedures Corrective Action ProceduresCorrectiveActionGrp (2 entries)

Bond ReferenceBondReferenceCdProcedures Corrective ActionProceduresCorrectiveActionInd
AYes (1)
BYes (1)

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (6 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990, PART VI, SECTION A, LINE 3THE CHILDREN'S GUILD, INC. HAS ASSISTED THE ACADEMY IN ESTABLISHING THE ACADEMY'S PROGRAM, OBTAINING FINANCING AND PERFORMING MANAGEMENT AND GENERAL ACTIVITIES ON THE ACADEMY'S BEHALF.
FORM 990, PART VI, SECTION B, LINE 11BTHE 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 12CTHE 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 ENSURE 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 B, LINE 15THE INDEPENDENT BOARD OF DIRECTORS REVIEWS AND APPROVES COMPENSATION FOR THE PRESIDENT ANNUALLY, AND THE PRESIDENT DOES SO FOR THE OFFICERS. BOTH EMPLOY WHATEVER RESOURCES DEEMED NECESSARY, INCLUDING REVIEWING COMPARABLE POSITIONS IN OTHER ORGANIZATIONS AND ENGAGING A COMPENSATION CONSULTANT.
FORM 990, PART VI, SECTION C, LINE 19THE ORGANIZATION'S GOVERNING DOCUMENTS ARE AVAILABLE FOR INSPECTION AT OUR ADMINISTRATIVE OFFICES AT 6802 MCCLEAN BOULEVARD IN BALTIMORE, MD.
FORM 990, PART XII, LINE 2CTHE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.

Schedule R IRS990ScheduleR

Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp (5 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdEINEINLegal Domicile StateLegalDomicileStateCdExempt Code SectionExemptCodeSectionTxtPublic Charity StatusPublicCharityStatusTxtBusiness Name Line1DirectControllingEntityName/BusinessNameLine1TxtControlled OrganizationControlledOrganizationIndDirect Controlling NADirectControllingNACd
THE CHILDREN'S GUILD INC
6802 MCCLEAN BOULEVARDBALTIMOREMD21234520634411MD501(C)(3)LINE 7THE CHILDREN'S GUILD INSTITUTE INC0
THE CHILDREN'S GUILD INSTITUTE INC
6802 MCCLEAN BOULEVARDBALTIMOREMD21234263933104MD501(C)(3)LINE 110N/A
THE NATIONAL CHILDREN'S GUILD FUND INC
6802 MCCLEAN BOULEVARDBALTIMOREMD21234262723392MD501(C)(3)LINE 7THE CHILDREN'S GUILD INSTITUTE INC0
THE MONARCH ACADEMY BALTIMORE CAMPUS INC
6802 MCCLEAN BOULEVARDBALTIMOREMD21234452605141MD501(C)(3)LINE 2THE CHILDREN'S GUILD INSTITUTE INC0
TRANZED APPRENTICESHIP VENTURES INC
6802 MCCLEAN BOULEVARDBALTIMOREMD21234384013745MD501(C)(3)LINE 10THE NATIONAL CHILDREN'S GUILD FUND INC0

Id Related Org Txbl Partnership IdRelatedOrgTxblPartnershipGrp

Related Organization Name RelatedOrganizationName

FieldValueIRS element (for citing)
Business Name Line1TRANZED APPRENTICESHIP SERVICES LLCBusinessNameLine1Txt

US Address USAddress

FieldValueIRS element (for citing)
Address Line16802 MCCLEAN BOULEVARDAddressLine1Txt
CityBALTIMORECityNm
State AbbreviationMDStateAbbreviationCd
ZIP21234ZIPCd
FieldValueIRS element (for citing)
EIN371836783EIN
Primary ActivitiesAPPRENTICESHIP PROGRAMSPrimaryActivitiesTxt
Legal Domicile StateMDLegalDomicileStateCd

Direct Controlling Entity Name DirectControllingEntityName

FieldValueIRS element (for citing)
Business Name Line1TRANZED APPRENTICESHIP VENTURES INCBusinessNameLine1Txt
FieldValueIRS element (for citing)
Predominant Income TypeRELATEDPredominantIncomeTypeTxt
Share Of Total Income$433,068ShareOfTotalIncomeAmt
Share Of EOY Assets$879,728ShareOfEOYAssetsAmt
Disproportionate Allocations0DisproportionateAllocationsInd
General Or Managing Partner0GeneralOrManagingPartnerInd
FieldValueIRS element (for citing)
Receipt Of Int Annts Rnts Rylts0ReceiptOfIntAnntsRntsRyltsInd
Gift Grnt Or Cap Contri To Oth Org0GiftGrntOrCapContriToOthOrgInd
Gift Grnt Cap Contri From Oth Org0GiftGrntCapContriFromOthOrgInd
Loans Or Guarantees To Other Org0LoansOrGuaranteesToOtherOrgInd
Loans Or Guarantees From Oth OrgYes (1)LoansOrGuaranteesFromOthOrgInd
Div Related Organization0DivRelatedOrganizationInd
Asset Sale To Other Org0AssetSaleToOtherOrgInd
Asset Purchase From Other Org0AssetPurchaseFromOtherOrgInd
Asset Exchange0AssetExchangeInd
Rental Of Facilities To Oth Org0RentalOfFacilitiesToOthOrgInd
Rental Of Fclts From Oth OrgYes (1)RentalOfFcltsFromOthOrgInd
Perform Of Services For Oth Org0PerformOfServicesForOthOrgInd
Perform Of Services By Other OrgYes (1)PerformOfServicesByOtherOrgInd
Sharing Of FacilitiesYes (1)SharingOfFacilitiesInd
Paid Employees SharingYes (1)PaidEmployeesSharingInd
Reimbursement Paid To Other OrgYes (1)ReimbursementPaidToOtherOrgInd
Reimbursement Paid By Other Org0ReimbursementPaidByOtherOrgInd
Transfer To Other Org0TransferToOtherOrgInd
Transfer From Other Org0TransferFromOtherOrgInd

Transactions Related Org TransactionsRelatedOrgGrp (4 entries)

Transaction TypeTransactionTypeTxtInvolvedInvolvedAmtMethod Of Amount DeterminationMethodOfAmountDeterminationTxt
THE CHILDREN'S GUILD INC
M$3,181,930MANAGEMENT AGREEMENT
THE CHILDREN'S GUILD INC
E$915,320AMOUNTS LOANED
THE CHILDREN'S GUILD INSTITUTE INC
K$1,418,000LEASE AGREEMENT
NATIONAL CHILDREN'S GUILD FUND
E$648,009AMOUNTS LOANED