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FIVE SMOOTH STONES FOUNDATION: Form 990, tax year 2017

View the entire original 990 at ProPublica ↗

Organization
FIVE SMOOTH STONES FOUNDATION (EIN 27-4400615)
Tax period
2017-07-01 to 2018-06-30
Filed
2019-03-31
IRS object ID
201920909349300307
Schema version
2017v2.3
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)
Return2019-03-31T19:13:23-05:00ReturnTs
Tax Period End2018-06-30TaxPeriodEndDt

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 Line1200 International Circle Suite 5500AddressLine1Txt
CityHunt ValleyCityNm
State AbbreviationMDStateAbbreviationCd
ZIP21030ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2017-07-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN274400615EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1FIVE SMOOTH STONES FOUNDATIONBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlFIVEBusinessNameControlTxt
Phone4436425320PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line14 W Read StAddressLine1Txt
CityBaltimoreCityNm
State AbbreviationMDStateAbbreviationCd
ZIP21201ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonJack PannellPersonNm
Person TitlePresident/FounderPersonTitleTxt
Phone4436425320PhoneNum
Signature2019-03-31SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonPamela GrayPreparerPersonNm
PTINP01237506PTIN
Phone4105840060PhoneNum
Preparation2019-03-25PreparationDt

Filing Security Information FilingSecurityInformation

IP Address IPAddress

FieldValueIRS element (for citing)
I Pv4 Address71.244.141.28IPv4AddressTxt
FieldValueIRS element (for citing)
IP2019-03-31IPDt
IP Tm14:11:31IPTm
IP TimezoneEDIPTimezoneCd
Filing License TypePFilingLicenseTypeCd
At Submission Creation Device IdDA39A3EE5E6B4B0D3255BFEF95601890AFD80709AtSubmissionCreationDeviceId
At Submission Filing Device IdC1285A5BF8FAD2B3DC1AFB143D3A055C0158201CAtSubmissionFilingDeviceId
FieldValueIRS element (for citing)
Tax2017TaxYr
Build TS2019-02-21 02:37:17ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerJack PannellPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line14 W Read StAddressLine1Txt
CityBaltimoreCityNm
State AbbreviationMDStateAbbreviationCd
ZIP21201ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$5,208,318GrossReceiptsAmt
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 Employee44TotalEmployeeCnt
Total Volunteers25TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$444,806PYContributionsGrantsAmt
CY Contributions Grants$539,895CYContributionsGrantsAmt
PY Program Service Revenue$3,313,740PYProgramServiceRevenueAmt
CY Program Service Revenue$4,625,339CYProgramServiceRevenueAmt
PY Investment Income$1,028PYInvestmentIncomeAmt
CY Investment Income$1,686CYInvestmentIncomeAmt
PY Other Revenue$2,014PYOtherRevenueAmt
CY Other Revenue$1,645CYOtherRevenueAmt
PY Total Revenue$3,761,588PYTotalRevenueAmt
CY Total Revenue$5,168,565CYTotalRevenueAmt
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$2,604,318PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$3,910,457CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$100,128CYTotalFundraisingExpenseAmt
PY Other Expenses$781,001PYOtherExpensesAmt
CY Other Expenses$1,293,481CYOtherExpensesAmt
PY Total Expenses$3,385,319PYTotalExpensesAmt
CY Total Expenses$5,203,938CYTotalExpensesAmt
PY Revenues Less Expenses$376,269PYRevenuesLessExpensesAmt
CY Revenues Less Expenses-$35,373CYRevenuesLessExpensesAmt
Total Assets BOY$532,927TotalAssetsBOYAmt
Total Assets EOY$516,200TotalAssetsEOYAmt
Total Liabilities BOY$184,915TotalLiabilitiesBOYAmt
Total Liabilities EOY$202,708TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$348,012NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$313,492NetAssetsOrFundBalancesEOYAmt
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$4,862,421ExpenseAmt
Revenue$4,625,339RevenueAmt
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$4,862,421TotalProgramServiceExpensesAmt
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
Temp Or Permanent Endowments0TempOrPermanentEndowmentsInd
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 With Officer Ent0BusinessRlnWithOfficerEntInd
Deductible Non Cash ContriYes (1)DeductibleNonCashContriInd
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 Document19IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Backup Wthld ComplianceYes (1)BackupWthldComplianceInd
Employee44EmployeeCnt
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
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
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 Line14 W Read StAddressLine1Txt
CityBaltimoreCityNm
State AbbreviationMDStateAbbreviationCd
ZIP21201ZIPCd

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 & President40.00Yes (X)Yes (X)$121,326$0$0
Betsey Hobelmann
Chair5.00Yes (X)Yes (X)$0$0$0
David Khan
Treasurer2.00Yes (X)Yes (X)$0$0$0
Kimberly Moffitt
Secretary2.00Yes (X)Yes (X)$0$0$0
Edwin Avent
Member2.00Yes (X)$0$0$0
Kate Jordan
Member2.00Yes (X)$0$0$0
Fabian Walters
Member2.00Yes (X)$0$0$0
Geoff Hengerer
Member2.00Yes (X)$0$0$0
FieldValueIRS element (for citing)
Total Reportable Comp From Org$121,326TotalReportableCompFromOrgAmt
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$220,246GovernmentGrantsAmt
All Other Contributions$319,649AllOtherContributionsAmt
Noncash Contributions$133,721NoncashContributionsAmt
Total Contributions$539,895TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp (2 entries)

DescDescBusinessBusinessCdTotal Revenue ColumnTotalRevenueColumnAmtRelated Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt
Per pupil revenue900099$4,588,726$4,588,726
Student activity fees900099$36,613$36,613
FieldValueIRS element (for citing)
Total Program Service Revenue$4,625,339TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$666TotalRevenueColumnAmt
Exclusion$666ExclusionAmt

Gross Amount Sales Assets GrossAmountSalesAssetsGrp

FieldValueIRS element (for citing)
Securities$40,773SecuritiesAmt

Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp

FieldValueIRS element (for citing)
Securities$39,753SecuritiesAmt

Gain Or Loss GainOrLossGrp

FieldValueIRS element (for citing)
Securities$1,020SecuritiesAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

FieldValueIRS element (for citing)
Total Revenue Column$1,020TotalRevenueColumnAmt
Exclusion$1,020ExclusionAmt

Other Revenue Misc OtherRevenueMiscGrp

FieldValueIRS element (for citing)
DescOther revenueDesc
Business900099BusinessCd
Total Revenue Column$1,645TotalRevenueColumnAmt
Related Or Exempt Func Income$1,645RelatedOrExemptFuncIncomeAmt
FieldValueIRS element (for citing)
Other Revenue Total$1,645OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$5,168,565TotalRevenueColumnAmt
Related Or Exempt Func Income$4,626,984RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$1,686ExclusionAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

FieldValueIRS element (for citing)
Total$121,326TotalAmt
Program Services$112,525ProgramServicesAmt
Management And General$7,196ManagementAndGeneralAmt
Fundraising$1,605FundraisingAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$2,954,990TotalAmt
Program Services$2,794,275ProgramServicesAmt
Management And General$113,923ManagementAndGeneralAmt
Fundraising$46,792FundraisingAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

FieldValueIRS element (for citing)
Total$603,721TotalAmt
Program Services$569,312ProgramServicesAmt
Management And General$24,585ManagementAndGeneralAmt
Fundraising$9,824FundraisingAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$230,420TotalAmt
Program Services$217,288ProgramServicesAmt
Management And General$9,383ManagementAndGeneralAmt
Fundraising$3,749FundraisingAmt

Fees For Services Legal FeesForServicesLegalGrp

FieldValueIRS element (for citing)
Total$37,174TotalAmt
Program Services$29,739ProgramServicesAmt
Management And General$7,435ManagementAndGeneralAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$14,257TotalAmt
Program Services$11,406ProgramServicesAmt
Management And General$2,851ManagementAndGeneralAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$32,790TotalAmt
Program Services$39,191ProgramServicesAmt
Management And General-$7,875ManagementAndGeneralAmt
Fundraising$1,474FundraisingAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$43,101TotalAmt
Program Services$40,645ProgramServicesAmt
Management And General$1,755ManagementAndGeneralAmt
Fundraising$701FundraisingAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$379,177TotalAmt
Program Services$357,566ProgramServicesAmt
Management And General$15,441ManagementAndGeneralAmt
Fundraising$6,170FundraisingAmt

Interest InterestGrp

FieldValueIRS element (for citing)
Total$587TotalAmt
Program Services$553ProgramServicesAmt
Management And General$24ManagementAndGeneralAmt
Fundraising$10FundraisingAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$45,006TotalAmt
Program Services$42,441ProgramServicesAmt
Management And General$1,833ManagementAndGeneralAmt
Fundraising$732FundraisingAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$17,947TotalAmt
Program Services$16,924ProgramServicesAmt
Management And General$731ManagementAndGeneralAmt
Fundraising$292FundraisingAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDescTotalTotalAmtProgram ServicesProgramServicesAmtManagement And GeneralManagementAndGeneralAmtFundraisingFundraisingAmt
Student expenses$343,137$343,137
Professional Developmen$257,460$205,968$51,492
Misc Expenses$86,869$47,525$11,150$28,194
Telephone and Telecommu$15,265$14,395$622$248

All Other Expenses AllOtherExpensesGrp

FieldValueIRS element (for citing)
Total$20,711TotalAmt
Program Services$19,531ProgramServicesAmt
Management And General$843ManagementAndGeneralAmt
Fundraising$337FundraisingAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$5,203,938TotalAmt
Program Services$4,862,421ProgramServicesAmt
Management And General$241,389ManagementAndGeneralAmt
Fundraising$100,128FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$35,195BOYAmt
EOY$42,811EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$364,105BOYAmt
EOY$156,858EOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
BOY$43,715BOYAmt
EOY$99,265EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$5,811BOYAmt
EOY$25,236EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$241,694LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$89,715LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$84,101BOYAmt
EOY$151,979EOYAmt

Investments Pub Traded Sec InvestmentsPubTradedSecGrp

FieldValueIRS element (for citing)
EOY$40,051EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$532,927BOYAmt
EOY$516,200EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$142,903BOYAmt
EOY$144,148EOYAmt

Other Liabilities OtherLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$42,012BOYAmt
EOY$58,560EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$184,915BOYAmt
EOY$202,708EOYAmt
FieldValueIRS element (for citing)
Organization Follows SFAS117Yes (X)OrganizationFollowsSFAS117Ind

Unrestricted Net Assets UnrestrictedNetAssetsGrp

FieldValueIRS element (for citing)
BOY$348,012BOYAmt
EOY$313,492EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$348,012BOYAmt
EOY$313,492EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$532,927BOYAmt
EOY$516,200EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss-$35,373ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst$853NetUnrlzdGainsLossesInvstAmt
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

Schedule D IRS990ScheduleD

Leasehold Improvements LeaseholdImprovementsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$3,800OtherCostOrOtherBasisAmt
Depreciation$1,267DepreciationAmt
Book Value$2,533BookValueAmt

Equipment EquipmentGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$232,895OtherCostOrOtherBasisAmt
Depreciation$85,615DepreciationAmt
Book Value$147,280BookValueAmt

Other Land Buildings OtherLandBuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$4,999OtherCostOrOtherBasisAmt
Depreciation$2,833DepreciationAmt
Book Value$2,166BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$151,979TotalBookValueLandBuildingsAmt

Other Liabilities Org OtherLiabilitiesOrgGrp (2 entries)

DescDescAmtAmt
Short-Term Debt$9,768
Due to Baltimore CIty Board of School Commissioners$48,792
FieldValueIRS element (for citing)
Total Liability$58,560TotalLiabilityAmt
Footnote TextYes (X)FootnoteTextInd
Total Rev Etc Audited Fincl Stmt$5,208,602TotalRevEtcAuditedFinclStmtAmt
Net Unrealized Gains Invst$853NetUnrealizedGainsInvstAmt
Donated Services And Use Fclts$39,184DonatedServicesAndUseFcltsAmt
Revenue Not Reported$40,037RevenueNotReportedAmt
Revenue Subtotal$5,168,565RevenueSubtotalAmt
Revenue Not Reported Fincl Stmt$0RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990$5,168,565TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$5,243,122TotExpnsEtcAuditedFinclStmtAmt
Donated Services Use Fclts$39,184DonatedServicesUseFcltsAmt
Expenses Not Reported$39,184ExpensesNotReportedAmt
Expenses Subtotal$5,203,938ExpensesSubtotalAmt
Expenses Not Rpt Fincl Stmt$0ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990$5,203,938TotalExpensesPerForm990Amt

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, 2018, 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, 2018, the statute of limitations for fiscal years 2015 through 2018 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 M IRS990ScheduleM

Securities Publicly Traded SecuritiesPubliclyTradedGrp

FieldValueIRS element (for citing)
Non Cash CheckboxYes (X)NonCashCheckboxInd
Contribution2ContributionCnt
Noncash Contributions Rpt F990$79,971NoncashContributionsRptF990Amt
Method Of Determining RevenuesFMVMethodOfDeterminingRevenuesTxt

Other Non Cash Contri Table OtherNonCashContriTableGrp (2 entries)

Non Cash CheckboxNonCashCheckboxIndDescDescContributionContributionCntNoncash Contributions Rpt F990NoncashContributionsRptF990AmtMethod Of Determining RevenuesMethodOfDeterminingRevenuesTxt
Yes (X)Furniture & Fixture562$46,250FMV
Yes (X)Laptop10$7,500FMV
FieldValueIRS element (for citing)
Any Property That Must Be Held0AnyPropertyThatMustBeHeldInd
Review Process Unusual NC GiftsYes (1)ReviewProcessUnusualNCGiftsInd
Third Parties Used0ThirdPartiesUsedInd

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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