2018-05-10T12:02:21-05:00 2017-06-30 202153727 SB & Company LLC 200 International Circle Suite 5500 Hunt Valley MD 21030 990 2016-07-01 274400615 FIVE SMOOTH STONES FOUNDATION FIVE 4109291899 4 W Read St Baltimore MD 21201 Jack Pannell President/Founder 4109291899 2018-05-08 1 Pamela Gray P01237506 4105840060 2018-04-25 2016 2022-09-23 18:48:47Z Jack Pannell 4 W Read St Baltimore MD 21201 3786588 0 X www.baltimorecollegiate.org X 2010 MD Baltimore 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. 9 8 28 25 0 0 571791 444806 2093502 3313740 -9508 1028 452 2014 2656237 3761588 0 0 0 0 1932764 2604318 0 0 75280 712909 781001 2645673 3385319 10564 376269 158667 532927 186924 184915 -28257 348012 Baltimore 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. 0 0 3082647 3313740 The 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. 3082647 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 24 0 1 28 1 0 0 0 0 0 0 0 0 X 9 8 0 0 0 0 0 0 0 1 0 0 0 1 1 1 1 1 1 1 0 0 MD X The Organization 4109291899 4 W Read St Baltimore MD 21201 Jack Pannell Founder & President 40.00 X X 102584 0 0 Betsey Hobelmann Chair 5.00 X X 0 0 0 David Khan Treasurer 2.00 X X 0 0 0 Kimberly Moffitt Secretary 2.00 X X 0 0 0 Edwin Avent Member 2.00 X 0 0 0 Josh Eastright Member 2.00 X 0 0 0 Kate Jordan Member 2.00 X 0 0 0 Fabian Walters Member 2.00 X 0 0 0 Mark Mullican Member 2.00 X 0 0 0 102584 0 0 1 0 0 0 SchoolKit 1330 Otis Place NW Suite 2 Washington DC 20010 Curriculum, assessment professional deve 132000 1 222718 222088 444806 Per pupil revenue 900099 2877061 2877061 Students with disabili 900099 430039 430039 Student activity fees 900099 6640 6640 3313740 207 207 25821 25000 821 821 821 Other revenue 900099 2014 2014 2014 3761588 3315754 0 1028 102584 95143 6084 1357 1951244 1803348 118565 29331 394220 366111 22838 5271 156270 144611 9285 2374 3150 2520 630 43803 35042 8761 33640 26912 6728 40413 37532 2341 540 278485 258628 16134 3723 1240 1151 72 17 28021 26023 1623 375 11220 8976 2244 Professional developmen 153366 122693 30673 0 Student expenses 134371 134371 Misc expenses 33706 1397 279 32030 Telephone and telecommu 10586 9831 613 142 9000 8358 522 120 3385319 3082647 227392 75280 15733 35195 6286 364105 33879 43715 1756 5811 131650 47549 101013 84101 158667 532927 106186 142903 20000 0 60738 42012 186924 184915 X -28257 348012 -28257 348012 158667 532927 376269 0 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 126651 45716 80935 4999 1833 3166 84101 Short-Term Debt 13347 Due to Baltimore City Board of School Commissioners 28665 42012 X 3773346 11758 11758 3761588 0 3761588 3397077 11758 11758 3385319 0 3385319 Part X, Line 2: The 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, 2017, 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, 2017, the statute of limitations for fiscal years 2014 through 2017 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. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 Schedule E, Part I, Line 3 The organization includes its non-discrimination policy on its website and online and offline admission application. Schedule E, Part I, Line 6 The 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. Form 990, Part VI, Section A, line 8b There is no committee that has authority to act on behalf of the governing body. Form 990, Part VI, Section B, line 11b Senior 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 12c New 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 15a A 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 19 Available upon request. Form 990, Part XII, Line 2c: The process has not changed from prior year. Form 990, Part I, Revenue and Expenses under Prior Year: The school has adjusted the Prior Year column of its 2016 Form 990 to reflect the more-accurate allocation of revenue between Contributions and grants and Program service revenue in the 2015 tax year. There was also a matching adjustment to Prior Year Total revenue and Total expense to exclude $11,612 in donated services, which was not originally done on the 2015 Form 990 filing. The change in net assets (revenue less expenses) remained the same, i.e. there was no change to the bottom line.