BETA

FIVE SMOOTH STONES FOUNDATION: Form 990, tax year 2019

View the entire original 990 at ProPublica ↗

Organization
FIVE SMOOTH STONES FOUNDATION (EIN 27-4400615)
Tax period
2019-07-01 to 2020-06-30
Filed
2021-03-26
IRS object ID
202110859349301426
Schema version
2019v5.2
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)
Return2021-03-26T17:55:04-05:00ReturnTs
Tax Period End2020-06-30TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN202153727PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1SB & Company LLCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line110200 Grand Central Avenue SuiteAddressLine1Txt
Address Line2250AddressLine2Txt
CityOwings MillsCityNm
State AbbreviationMDStateAbbreviationCd
ZIP21117ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2019-07-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN274400615EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1FIVE SMOOTH STONES FOUNDATION INCBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlFIVEBusinessNameControlTxt
Phone4436425320PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line12525 Kirk AveAddressLine1Txt
CityBaltimoreCityNm
State AbbreviationMDStateAbbreviationCd
ZIP21218ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonJack PannellPersonNm
Person TitlePresident/FounderPersonTitleTxt
Phone4436425320PhoneNum
Signature2021-03-26SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonPamela GrayPreparerPersonNm
PTINP01237506PTIN
Phone4105840060PhoneNum
Preparation2021-03-23PreparationDt
FieldValueIRS element (for citing)
Tax2019TaxYr
Build TS2022-09-23 18:48:47ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Address ChangeYes (X)AddressChangeInd
Principal OfficerJack PannellPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line12525 Kirk AveAddressLine1Txt
CityBaltimoreCityNm
State AbbreviationMDStateAbbreviationCd
ZIP21218ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$5,630,855GrossReceiptsAmt
Group Return For Affiliates0GroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website Addresswww.baltimorecollegiate.orgWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation2010FormationYr
Legal Domicile StateMDLegalDomicileStateCd
Activity Or MissionBaltimore Collegiate School for Boys provides the finest liberal arts education possible to Baltimore's next generation of young men, ensuring that they will become responsible citizens trained to lead and serve our community, our nation, and our world.ActivityOrMissionDesc
Voting Members Governing Body8VotingMembersGoverningBodyCnt
Voting Members Independent7VotingMembersIndependentCnt
Total Employee51TotalEmployeeCnt
Total Volunteers25TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$418,600PYContributionsGrantsAmt
CY Contributions Grants$711,445CYContributionsGrantsAmt
PY Program Service Revenue$5,172,365PYProgramServiceRevenueAmt
CY Program Service Revenue$4,917,255CYProgramServiceRevenueAmt
PY Investment Income$6,217PYInvestmentIncomeAmt
CY Investment Income$53CYInvestmentIncomeAmt
PY Other Revenue$2,022PYOtherRevenueAmt
CY Other Revenue$2,102CYOtherRevenueAmt
PY Total Revenue$5,599,204PYTotalRevenueAmt
CY Total Revenue$5,630,855CYTotalRevenueAmt
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$4,272,110PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$4,385,893CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$60,727CYTotalFundraisingExpenseAmt
PY Other Expenses$1,416,092PYOtherExpensesAmt
CY Other Expenses$1,363,569CYOtherExpensesAmt
PY Total Expenses$5,688,202PYTotalExpensesAmt
CY Total Expenses$5,749,462CYTotalExpensesAmt
PY Revenues Less Expenses-$88,998PYRevenuesLessExpensesAmt
CY Revenues Less Expenses-$118,607CYRevenuesLessExpensesAmt
Total Assets BOY$548,368TotalAssetsBOYAmt
Total Assets EOY$570,506TotalAssetsEOYAmt
Total Liabilities BOY$326,442TotalLiabilitiesBOYAmt
Total Liabilities EOY$467,187TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$221,926NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$103,319NetAssetsOrFundBalancesEOYAmt
MissionBaltimore Collegiate School for Boys provides the finest liberal arts education possible to Baltimore's next generation of young men, ensuring that they will become responsible citizens trained to lead and serve our community, our nation, and our world.MissionDesc
Significant New Program Srvc0SignificantNewProgramSrvcInd
Significant Change0SignificantChangeInd
Expense$5,271,816ExpenseAmt
Revenue$4,917,255RevenueAmt
DescThe Five Smooth Stones Foundation is committed to transforming a generation of boys and young men in Baltimore City through the finest educational opportunities possible. The Foundation was organized to launch Baltimore Collegiate School for Boys and is the operator of the first all-boys public charter school in Baltimore City designed with an integrated curriculum and academic program from grade 4 through grade 8.Desc
Total Program Service Expenses$5,271,816TotalProgramServiceExpensesAmt
Described In Section501c3Yes (1)DescribedInSection501c3Ind
Schedule B RequiredYes (1)ScheduleBRequiredInd
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 FootnoteYes (1)IncludeFIN48FootnoteInd
Independent Audit Fincl StmtYes (1)IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt0ConsolidatedAuditFinclStmtInd
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 Required0ScheduleJRequiredInd
Tax Exempt Bonds0TaxExemptBondsInd
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 Entity0RelatedEntityInd
Related Organization Ctrl Ent0RelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd Org0TrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted Prtshp0ActivitiesConductedPrtshpInd
Schedule O RequiredYes (1)ScheduleORequiredInd
IRP Document28IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Backup Wthld ComplianceYes (1)BackupWthldComplianceInd
Employee51EmployeeCnt
Employment Tax Returns FiledYes (1)EmploymentTaxReturnsFiledInd
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 Members8GoverningBodyVotingMembersCnt
Independent Voting Member7IndependentVotingMemberCnt
Family Or Business Rln0FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties0DelegationOfMgmtDutiesInd
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 Committees0MinutesOfCommitteesInd
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 Other0CompensationProcessOtherInd
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 Line1The OrganizationBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone4436425320PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line12525 Kirk AveAddressLine1Txt
CityBaltimoreCityNm
State AbbreviationMDStateAbbreviationCd
ZIP21218ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (8 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmt
Jack Pannell
Founder & Executive Director40.00Yes (X)Yes (X)$133,148$0$0
Edwin Avent
Chair2.00Yes (X)Yes (X)$0$0$0
Julie Higgins
Vice Chair & Secretary2.00Yes (X)Yes (X)$0$0$0
Burck Smith
Treasurer2.00Yes (X)Yes (X)$0$0$0
Henry Smyth
Member2.00Yes (X)$0$0$0
Phaedra Stewart
Member2.00Yes (X)$0$0$0
Mark Sellers
Member2.00Yes (X)$0$0$0
Betsey Hobelmann 72019-22020
Member2.00Yes (X)$0$0$0
FieldValueIRS element (for citing)
Total Reportable Comp From Org$133,148TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$0TotReportableCompRltdOrgAmt
Total Other Compensation$0TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K1IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed0FormerOfcrEmployeesListedInd
Total Comp Greater Than150 K0TotalCompGreaterThan150KInd
Compensation From Other Srcs0CompensationFromOtherSrcsInd
Cntrct Rcvd Greater Than100 K0CntrctRcvdGreaterThan100KCnt
Government Grants$488,256GovernmentGrantsAmt
All Other Contributions$223,189AllOtherContributionsAmt
Noncash Contributions$8,500NoncashContributionsAmt
Total Contributions$711,445TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp (2 entries)

DescDescBusinessBusinessCdTotal Revenue ColumnTotalRevenueColumnAmtRelated Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt
Per pupil revenue900099$4,911,552$4,911,552
Student activity fees900099$5,703$5,703
FieldValueIRS element (for citing)
Total Program Service Revenue$4,917,255TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$53TotalRevenueColumnAmt
Exclusion$53ExclusionAmt

Other Revenue Misc OtherRevenueMiscGrp

FieldValueIRS element (for citing)
DescOther revenueDesc
Business900099BusinessCd
Total Revenue Column$2,102TotalRevenueColumnAmt
Related Or Exempt Func Income$2,102RelatedOrExemptFuncIncomeAmt
FieldValueIRS element (for citing)
Other Revenue Total$2,102OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$5,630,855TotalRevenueColumnAmt
Related Or Exempt Func Income$4,919,357RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$53ExclusionAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

FieldValueIRS element (for citing)
Total$133,148TotalAmt
Program Services$124,417ProgramServicesAmt
Management And General$7,376ManagementAndGeneralAmt
Fundraising$1,355FundraisingAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$3,412,086TotalAmt
Program Services$3,188,337ProgramServicesAmt
Management And General$189,028ManagementAndGeneralAmt
Fundraising$34,721FundraisingAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

FieldValueIRS element (for citing)
Total$585,798TotalAmt
Program Services$572,086ProgramServicesAmt
Management And General$12,799ManagementAndGeneralAmt
Fundraising$913FundraisingAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$254,861TotalAmt
Program Services$237,953ProgramServicesAmt
Management And General$14,184ManagementAndGeneralAmt
Fundraising$2,724FundraisingAmt

Fees For Services Legal FeesForServicesLegalGrp

FieldValueIRS element (for citing)
Total$6,959TotalAmt
Program Services$4,007ProgramServicesAmt
Management And General$2,952ManagementAndGeneralAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$63,682TotalAmt
Program Services$36,671ProgramServicesAmt
Management And General$27,011ManagementAndGeneralAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$143,063TotalAmt
Program Services$82,383ProgramServicesAmt
Management And General$60,680ManagementAndGeneralAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$53,803TotalAmt
Program Services$50,234ProgramServicesAmt
Management And General$2,994ManagementAndGeneralAmt
Fundraising$575FundraisingAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$603,061TotalAmt
Program Services$517,336ProgramServicesAmt
Management And General$85,725ManagementAndGeneralAmt

Interest InterestGrp

FieldValueIRS element (for citing)
Total$5,593TotalAmt
Program Services$5,222ProgramServicesAmt
Management And General$311ManagementAndGeneralAmt
Fundraising$60FundraisingAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$60,116TotalAmt
Program Services$56,128ProgramServicesAmt
Management And General$3,346ManagementAndGeneralAmt
Fundraising$642FundraisingAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$23,368TotalAmt
Program Services$21,817ProgramServicesAmt
Management And General$1,301ManagementAndGeneralAmt
Fundraising$250FundraisingAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDescTotalTotalAmtProgram ServicesProgramServicesAmtManagement And GeneralManagementAndGeneralAmtFundraisingFundraisingAmt
Student expenses$267,474$267,474
Professional Developmen$23,646$18,917$4,729
Dues and Subscriptions$20,850$19,467$1,160$223
Telephone and Telecommu$16,851$15,733$938$180

All Other Expenses AllOtherExpensesGrp

FieldValueIRS element (for citing)
Total$75,103TotalAmt
Program Services$53,634ProgramServicesAmt
Management And General$2,385ManagementAndGeneralAmt
Fundraising$19,084FundraisingAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$5,749,462TotalAmt
Program Services$5,271,816ProgramServicesAmt
Management And General$416,919ManagementAndGeneralAmt
Fundraising$60,727FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$65,213BOYAmt
EOY$469,087EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$3,395BOYAmt
EOY$6,372EOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
BOY$371,483BOYAmt
EOY$30,105EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$1,959BOYAmt
EOY$3,446EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$256,091LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$201,249LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$103,867BOYAmt
EOY$54,842EOYAmt

Other Assets Total OtherAssetsTotalGrp

FieldValueIRS element (for citing)
BOY$2,451BOYAmt
EOY$6,654EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$548,368BOYAmt
EOY$570,506EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$320,435BOYAmt
EOY$363,795EOYAmt

Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp

FieldValueIRS element (for citing)
EOY$100,000EOYAmt

Other Liabilities OtherLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$6,007BOYAmt
EOY$3,392EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$326,442BOYAmt
EOY$467,187EOYAmt
FieldValueIRS element (for citing)
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$151,926BOYAmt
EOY-$63,109EOYAmt

Donor Restriction Net Assets DonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$70,000BOYAmt
EOY$166,428EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$221,926BOYAmt
EOY$103,319EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$548,368BOYAmt
EOY$570,506EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss-$118,607ReconcilationRevenueExpnssAmt
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)
Separate Basis Fincl StmtYes (X)SeparateBasisFinclStmtInd
FieldValueIRS element (for citing)
Audit CommitteeYes (1)AuditCommitteeInd
Federal Grant Audit Required0FederalGrantAuditRequiredInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
SchoolYes (X)SchoolInd

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
ContributorRESTRICTEDContributorNum

Contributor Business Name ContributorBusinessName

FieldValueIRS element (for citing)
Business Name Line1RESTRICTEDBusinessNameLine1

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1RESTRICTEDAddressLine1
Address Line2RESTRICTEDAddressLine2
CityRESTRICTEDCity
StateRESTRICTEDState
ZIP CodeRESTRICTEDZIPCode
FieldValueIRS element (for citing)
Total ContributionsRESTRICTEDTotalContributionsAmt

Schedule D IRS990ScheduleD

Equipment EquipmentGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$251,092OtherCostOrOtherBasisAmt
Depreciation$196,417DepreciationAmt
Book Value$54,675BookValueAmt

Other Land Buildings OtherLandBuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$4,999OtherCostOrOtherBasisAmt
Depreciation$4,832DepreciationAmt
Book Value$167BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$54,842TotalBookValueLandBuildingsAmt

Other Liabilities Org OtherLiabilitiesOrgGrp

FieldValueIRS element (for citing)
DescCapital LeaseDesc
Amt$3,392Amt
FieldValueIRS element (for citing)
Total Liability$3,392TotalLiabilityAmt
Footnote TextYes (X)FootnoteTextInd
Total Rev Etc Audited Fincl Stmt$5,666,033TotalRevEtcAuditedFinclStmtAmt
Donated Services And Use Fclts$35,178DonatedServicesAndUseFcltsAmt
Revenue Not Reported$35,178RevenueNotReportedAmt
Revenue Subtotal$5,630,855RevenueSubtotalAmt
Revenue Not Reported Fincl Stmt$0RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990$5,630,855TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$5,784,640TotExpnsEtcAuditedFinclStmtAmt
Donated Services Use Fclts$35,178DonatedServicesUseFcltsAmt
Expenses Not Reported$35,178ExpensesNotReportedAmt
Expenses Subtotal$5,749,462ExpensesSubtotalAmt
Expenses Not Rpt Fincl Stmt$0ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990$5,749,462TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePart X, Line 2:FormAndLineReferenceDesc
ExplanationThe Foundation is exempt from the payment of income taxes on income other than net unrelated business income under Section 501(c)(3) of the Internal Revenue Code. 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. The Foundation performed an evaluation of uncertain tax positions as of June 30, 2020, and determined that there were no matters that would require recognition in the financial statements or that may have any effect on its tax-exempt status. As of June 30, 2020, the statute of limitations for fiscal years 2017 through 2020 remain open with the U.S. Federal jurisdiction or the state and local jurisdiction in which the Foundation files tax returns. It is the Foundation's policy to recognize interest and/or penalties related to uncertain tax positions, if any, as income tax expense.ExplanationTxt

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 RecsYes (1)MaintainScholarshipsRecsInd
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 RcvdYes (1)GovernmentFinancialAidRcvdInd
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 3The organization includes its non-discrimination policy on its website and online and offline admission application.
Schedule E, Part I, Line 6The organization received funding from the U.S. Department of Education Charter Schools Program (84.282B) for planning, program design and implementation activities. The organization also received funding from the Baltimore City Public School System.

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (6 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
Form 990, Part VI, Section A, line 8bThere is no committee that has authority to act on behalf of the governing body.
Form 990, Part VI, Section B, line 11bSenior management reviews the 990 after it is prepared by external CPA firm. The Finance Committee then reviews the 990, followed by the full Board of Trustees.
Form 990, Part VI, Section B, line 12cNew Board members sign a conflict of interest statement. Existing Board members annually attest and sign the conflict of interest statement at the annual meeting. If a potential conflict of interest exists, the Board will discuss and ask for legal review, if necessary.
Form 990, Part VI, Section B, line 15aA compensation committee was formed, which researched executive director compensation at other charter schools in the Baltimore area, based on size of school, when the school started, etc. The committee then submitted this information to the full Board of Trustees, along with a salary recommendation. The full Board negotiated final terms with the Executive Director, in consultation with legal counsel.
Form 990, Part VI, Section C, line 19Available upon request.
Form 990, Part XII, Line 2c:The process has not changed from prior year.

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