2024-01-17T11:52:41-06:00 2023-06-30 202153727 SB & COMPANY LLC 10200 GRAND CENTRAL AVE SUITE 250 OWINGS MILLS MD 21117 990 2022-07-01 821901942 STATESMEN COLLEGE PREPARATORY ACADEMY FOR BOYS STAT 2025059072 4600 LIVINGSTON RD SE WASHINGTON DC 20032 SHAWN HARDNETT CEO/FOUNDER/HEAD OF SCHOOL 2025059072 2023-12-19 1 SHAWN HARDNETT 1 TIANA WYNN P00997288 4105840600 0 AAL1 IAL1 2022 2023-04-26 12:10:37Z SHAWN HARDNETT 4600 LIVINGSTON RD SE WASHINGTON DC 20032 9583263 0 X HTTPS://WWW.STATESMENBOYS.ORG/ X 2017 DC TO CREATE A BOY-FRIENDLY, PEDAGOGY-INFORMED ACADEMIC ENVIRONMENT WITHIN WHICH YOUNG MEN ARE EQUIPPED WITH THE ACADEMIC SKILLS, SOCIAL COMPETENCIES, AND PERSONAL DEVELOPMENT NECESSARY TO NAVIGATE LIFE CHALLENGES, ATTEND AND COMPLETE THE COLLEGE OF THEIR CHOICE, AND RETURN TO BECOME THE PREMIER AGENTS OF SOCIAL CHANGE WITHIN AND FOR THE COMMUNITIES THEY SERVE. 15 14 75 0 0 0 1797012 2382737 5475105 7193875 -9442 -17685 22293 6651 7284968 9565578 0 0 0 0 3614781 4098755 0 0 253086 3068266 4790864 6683047 8889619 601921 675959 4261037 5968232 343065 1374301 3917972 4593931 X TO CREATE A BOY-FRIENDLY, PEDAGOGY-INFORMED ACADEMIC ENVIRONMENT WITHIN WHICH YOUNG MEN ARE EQUIPPED WITH THE ACADEMIC SKILLS, SOCIAL COMPETENCIES, AND PERSONAL DEVELOPMENT NECESSARY TO NAVIGATE LIFE CHALLENGES, ATTEND AND COMPLETE THE COLLEGE OF THEIR CHOICE, AND RETURN TO BECOME THE PREMIER AGENTS OF SOCIAL CHANGE WITHIN AND FOR THE COMMUNITIES THEY SERVE. 0 0 7934013 7193875 STATESMEN COLLEGE PREPARATORY ACADEMY FOR BOYS PUBLIC CHARTER SCHOOL IS A MIDDLE SCHOOL PROGRAM CURRENTLY SERVING FOURTH, FIFTH, AND SIXTH GRADES AND GROWING A GRADE A YEAR THROUGH EIGHTH GRADE IN THE DISTRICT OF COLUMBIA. OUR DOORS OPENED TO THE FIRST CLASS OF 4TH GRADERS IN THE SUMMER OF 2018 AS THEY PARTICIPATED IN A MANDATORY SUMMER BRIDGE INSTITUTE. OUR PROGRAM OFFERS FREE TUITION, FREE MEALS, FREE UNIFORMS, FREE LOCAL AND REGIONAL FIELD TRIPS FOR ALL ENROLLED STUDENTS. 7934013 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 1 1 0 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 19 0 1 75 1 0 0 0 0 0 0 0 0 0 0 X 15 14 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 DC X SHAWN HARDNETT 2025059072 4600 LIVINGSTON RD SE WASHINGTON DC 20032 NICOLE SOLOMON MITCHELL BOARD CHAIR 2.00 0.00 X X 0 0 0 SHAWN HARDNETT FOUNDER & CEO 40.00 0.00 X X 196659 0 6205 RAYMOND A WEEDEN JR BOARD VICE CHAIR 2.00 0.00 X X 0 0 0 JUAN PAGAN TREASURER 2.00 0.00 X X 0 0 0 GREG VAN HOUTEN TRUSTEE 1.00 0.00 X 0 0 0 ALICIA R ADAMS TRUSTEE 1.00 0.00 X 0 0 0 MARY EDITH BROWN TRUSTEE 1.00 0.00 X 0 0 0 JAMES ANTHONY ALEXANDER CADOGAN TRUSTEE 1.00 0.00 X 0 0 0 SATIRA STREETER CORBITT TRUSTEE 1.00 0.00 X 0 0 0 RAY D MCKENZIE TRUSTEE 1.00 0.00 X 0 0 0 SANDI MCCOY TRUSTEE 1.00 0.00 X 0 0 0 BISI OYEDALE TRUSTEE 1.00 0.00 X 0 0 0 KENNY PEGRAM TRUSTEE 1.00 0.00 X 0 0 0 BERNARD WOOLFEY TRUSTEE 1.00 0.00 X 0 0 0 SAMANTHA BARBEE TRUSTEE 1.00 0.00 X 0 0 0 196659 0 6205 1 0 1 0 REVOLUTION FOODS PO BOX 92230 LAS VEGAS NV 89193 FOOD SERVICE 306354 THE SPEECH THERAPY COMPANY 1200 PENNSYLVANIA AVE NW 253 WASHINGTON DC 20004 SPECIAL EDUCATION SERVICE 150650 EDUCATIONAL TOURS 2 EDUCATION CIRCLE CAMBRIDGE MA 02141 TRAVEL SERVICES 130771 SOUND MIND ASSOCIATES LLC 15416 SYMONDSBURY WAY UPPER MARLBORO MD 20774 COUNSELING SERVICES 122900 MGUH DEPARTMENT OF PSYCHIATRY 2115 WISCONSIN NW SUITE 200 WASHINGTON DC 20007 COUNSELING SERVICES 115877 5 1356501 1026236 2382737 PER PUPIL 611710 7193875 7193875 7193875 17685 -17685 -17685 -17685 OTHER INCOME 900099 6651 6651 6651 9565578 7193875 0 -11034 203064 140114 54827 8123 3216524 2729150 342518 144856 401278 336699 46627 17952 277889 233167 32290 12432 610 538 55 17 165963 146989 15021 3953 126324 111881 11434 3009 162050 143523 14667 3860 1175977 1041529 106438 28010 313997 278383 28195 7419 177326 157053 16049 4224 17810 15774 1612 424 STUDENT EXPENSES 2233391 2233391 0 0 OTHER STAFF EXPENSES 198636 181071 13906 3659 ALL OTHER EXPENSES 138272 113448 11594 13230 DUES, FEES, AND LOSSES 80508 71303 7287 1918 8889619 7934013 702520 253086 3090512 3672608 739314 824915 80501 75655 787392 407121 328550 380271 22160 1014783 4261037 5968232 343065 379792 0 994509 343065 1374301 X 3630319 4260224 287653 333707 3917972 4593931 4261037 5968232 675959 0 X X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 115013 115013 0 672379 292108 380271 380271 DEPOSITS 20274 RIGHT OF USE ASSETS 994509 1014783 LEASE LIABILITIES 994509 994509 X 9565578 0 9565578 0 9565578 8889619 0 8889619 0 8889619 PART X, LINE 2: THE ACADEMY IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(A) OF THE INTERNAL REVENUE CODE AS AN ORGANIZATION DESCRIBED IN SECTION 501(C)(3), AS WELL AS APPLICABLE DISTRICT OF COLUMBIA TAX LAWS. ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA PROVIDE 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 ACADEMY PERFORMED AN EVALUATION OF UNCERTAIN TAX POSITIONS AS OF JUNE 30, 2023 AND 2022, AND DETERMINED THAT THERE WERE NO MATTERS THAT WOULD REQUIRE RECOGNITION IN THE FINANCIAL STATEMENTS OR WHICH MAY HAVE ANY EFFECT ON ITS TAX-EXEMPT STATUS. IT IS THE ACADEMY'S POLICY TO RECOGNIZE INTEREST AND/OR PENALTIES RELATED TO UNCERTAIN TAX POSITIONS, IF ANY, IN INCOME TAX EXPENSE. AS OF JUNE 30, 2023, THE STATUTE OF LIMITATIONS FOR FISCAL YEARS 2020 THROUGH 2023 REMAINS OPEN WITH THE U.S. FEDERAL JURISDICTION OR THE VARIOUS STATES AND LOCAL JURISDICTIONS IN WHICH THE ACADEMY FILES TAX RETURNS. IT IS THE ACADEMY'S POLICY TO RECOGNIZE INTEREST AND/OR PENALTIES RELATED TO UNCERTAIN TAX POSITIONS, IF ANY, IN INCOME TAX EXPENSE. 1 1 1 1 0 1 1 0 0 0 0 0 0 0 0 1 0 0 SCHEDULE E, PART I, LINE 3 STATESMEN ACADEMY FOR BOYS PCS (THE ACADEMY) SEEKS DIVERSITY IN ITS STUDENT/PARENT BODY, FACULTY, BOARD OF TRUSTEES, STAFF AND ADMINSTRATION. WHILE THE ACADEMY IS A SINGLE GENDER ACADEMY, IT IS AN ORGANIZATION DEEPLY COMMITTED TO DIVERSITY, EQUITY AND INCLUSION AND IT IS THEREFORE THE POLICY AND COMMITMENT OF THE ORGANIZATION NOT TO DISCRIMINATE BASED ON RACE, COLOR, ETHNICITY, RELIGION, SEX, GENDER, SEXUAL ORIENTATION, GENDER IDENTITY, DISABILITY, AGE OR ANY OTHER PERSONAL OR PROFESSIONAL STATUS. SCHEDULE E, PART I, LINE 4 THE ACADEMY DOES NOT PROVIDE SCHOLARSHIPS OR OTHER FINANCIAL ASSISTANCE BECAUSE IT IS A PUBLIC CHARTER SCHOOL. SCHEDULE E, PART I, LINE 6 THE ACADEMY RECEIVED FUNDS FROM THE U.S. DEPARTMENT OF EDUCATION. SCHEDULE E, PART I, LINE 7 AS A PUBLIC CHARTER SCHOOL, THE ACADEMY IS EXEMPT FROM THE REQUIREMENTS OF REVENUE PROCEDURE 75-50. X X X 0 0 0 0 0 0 0 0 0 SHAWN HARDNETT FOUNDER & CEO 196659 0 0 0 0 0 0 0 6205 0 202864 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS REVIEWED BY THE ACADEMY'S BOARD CHAIR AND TREASURER. IT IS THEN SHARED WITH THE ENTIRE BOARD OF DIRECTORS BEFORE IT IS FILED WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C ALL MEMBERS OF THE BOARD OF DIRECTORS ARE REQUIRED TO SIGN AN ANNUAL CONFLICT OF INTEREST DISCLOSURE. THE BOARD CHAIR MONITORS AND ENFORCES COMPLIANCE WITH THE POLICY. THE CEO IS ALSO REQUIRED TO SIGN. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD OF DIRECTORS, THROUGH THE EXECUTIVE COMMITTEE, SETS THE COMPENSATION OF THE CEO. THE COMMITTEE DOES AN ANNUAL 360 REVIEW OF THE CEO AND APPROVES HIS ANNUAL SALARY. THE COMMITTEE REVIEWS THE ANNUAL ED FUEL COMPENSATION REPORT, WHICH BENCHMARKS A SCHOOL AGAINST OTHER SINGLE AND MULTIPLE SITE DC CHARTER SCHOOLS, TO ASSESS REASONABLENESS OF THE COMPENSATION. THE SAME SURVEY IS USED BY THE CEO TO SET SALARIES FOR SENIOR LEADERSHIP OF THE SCHOOL. FORM 990, PART VI, SECTION C, LINE 19 THE ACADEMY MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL DATA AVAIABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XII, LINE 2C: NO CHANGES FROM LAST YEAR