2024-04-24T08:59:37-05:00 2023-06-30 202153727 SB & COMPANY LLC 10200 GRAND CENTRAL AVENUE SUITE 250 OWINGS MILLS MD 21117 990 2022-07-01 274400615 FIVE SMOOTH STONES FOUNDATION INC FIVE 4436425320 2525 KIRK AVE BALTIMORE MD 21218 EDWIN AVENT PRESIDENT 4436425320 2024-04-04 1 EDWIN AVENT 999009999 0 PAMELA GRAY P01237506 4105840060 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z EDWIN AVENT 2525 KIRK AVE BALTIMORE MD 21218 4913494 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. 6 5 47 25 0 0 1126066 909554 5291750 3976972 17 397 1 26571 6417834 4913494 0 0 0 0 4198461 2992950 0 0 94748 2294544 2213380 6493005 5206330 -75171 -292836 627314 442207 486508 594237 140806 -152030 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 4279374 3976972 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. 4279374 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 10 0 1 47 1 0 0 0 0 0 0 0 0 0 0 X 6 5 0 0 0 0 0 0 0 1 0 0 0 1 1 1 1 1 1 1 0 0 MD X X THE ORGANIZATION 4436425320 2525 KIRK AVE BALTIMORE MD 21218 NICOLE HARRELL CPA TREASURER 2.00 X X 0 0 0 MARK SELLERS SECRETARY 2.00 X X 0 0 0 STEPHEN ABRAMS MEMBER 2.00 X 0 0 0 COLIN MCDANIELS MEMBER 2.00 X 0 0 0 EDWIN AVENT EXECUTIVE DIRECTOR 40.00 X 179400 0 0 BURCK SMITH CHAIRMAN 2.00 X 0 0 0 179400 0 0 1 0 1 0 LER CONSULTANTS AND ADVISORS 1027 QUARTON ROAD BIRMINGHAM MI 48009 OPERATIONS CONSULTING 183152 EDOPS 1611 CONNECTICUT AVENUE NW SUITE 2 WASHINGTON DC 20009 FINANCE AND ACCOUNTING 166529 D AND T CLEANING SERVICES LLC 300 E LOMBARD STREET BALTIMORE MD 21202 CLEANING SERVICES 160240 3 698599 210955 909554 PER PUPIL REVENUE 611710 3973392 3973392 STUDENT ACTIVITY FEES 611710 3580 3580 3976972 397 397 OTHER REVENUE 900099 26571 26571 26571 4913494 3976972 0 26968 156000 139538 14010 2452 2296264 2053951 206217 36096 350702 322757 27184 761 189984 169570 17373 3041 9437 9437 163537 163537 409297 212062 150228 47007 4588 4077 438 73 977735 780352 197383 24355 21738 2227 390 70026 62501 6404 1121 113331 101153 10364 1814 STUDENT EXPENSES 236474 236474 DUES AND SUBSCRIPTIONS 117388 104774 10735 1879 PROFESSIONAL DEVELOPMEN 80108 64087 16021 PRINTING AND REPRODUCTI 4657 4156 426 75 2447 2184 224 39 5206330 4279374 832208 94748 139274 166412 319 319 304264 66875 27080 1437 378772 317160 112409 61612 43968 145552 627314 442207 486508 492581 0 101656 486508 594237 X 55764 -235377 85042 83347 140806 -152030 627314 442207 -292836 0 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 373773 312161 61612 4999 4999 0 61612 DEPOSITS 44099 RIGHT OF USE ASSET - FINANCING LEASE 101453 145552 LEASE LIABILITY - FINANCING 101656 101656 X 4914576 1082 1082 4913494 0 4913494 5207412 1082 1082 5206330 0 5206330 PART X, LINE 2: THE FOUNDATION IS A NOT-FOR-PROFIT THAT IS EXEMPT FROM FEDERAL INCOME TAXES, OTHER THAN NET UNRELATED BUSINESS INCOME TAXES, UNDER THE PROVISIONS OF SECTION 501(C)(3) OF THE UNITED STATES INTERNAL REVENUE CODE AND IS RECOGNIZED AS SUCH BY THE INTERNAL REVENUE SERVICE. 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, 2023 AND 2022, AND DETERMINED THAT THERE WERE NO MATTERS THAT WOULD REQUIRE RECOGNITION IN THE ACCOMPANYING FINANCIAL STATEMENTS OR WHICH MAY HAVE ANY EFFECT ON ITS TAX-EXEMPT STATUS. AS OF JUNE 30, 2023, THE STATUTE OF LIMITATIONS FOR FISCAL YEARS 2020 THROUGH 2023 REMAIN OPEN WITH THE U.S. FEDERAL JURISDICTION OR THE VARIOUS STATE AND LOCAL JURISDICTIONS 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 IN THE STATEMENTS OF ACTIVITIES AND CHANGES IN NET ASSETS. 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 BALTIMORE CITY PUBLIC SCHOOL SYSTEM. 0 0 0 0 0 0 0 0 0 EDWIN AVENT EXECUTIVE DIRECTOR 156000 0 23400 0 0 0 0 0 0 0 179400 0 0 0 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.