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Nonprofiteer
← GREEN STREET ACADEMY INC

Form 990 for tax year 2022

Filed by GREEN STREET ACADEMY INC.

Totals

Total revenue
$15,684,761
Total expenses
$13,256,951
Contributions and grants received
$4,070,042
Grants paid
$0
Program service revenue
$11,539,482
Investment income
$73,693
Other revenue
$1,544
Total assets, end of year
$29,501,835
Total liabilities, end of year
$21,613,692
Net assets or fund balances, end of year
$7,888,143
Program services expenses (Part IX)
$12,135,435
Management and general expenses
$1,086,307
Fundraising expenses
$35,209
Program service expenses (Part III)
$12,135,435

Program services were 91.5% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1e · Government grants (contributions)

    $2,872,648

  • 1f · All other contributions, gifts and grants

    $1,197,394

  • 2a · Program service revenue: TUITION INCOME

    total $11,536,653 · related or exempt $11,536,653

  • 2b · Program service revenue: STUDENT FEES

    total $2,829 · related or exempt $2,829

  • 3 · Investment income

    total $73,693 · excluded $73,693

  • 7a · Gross sales of assets other than inventory

    securities $4,102,157

  • 7b · Less cost or other basis and sales expenses

    securities $4,102,157

  • 7c · Gain or loss

    securities $0

  • 8a · Fundraising events: gross income

    $23,405

  • 8b · Fundraising events: direct expenses

    $21,861

  • 8c · Net income from fundraising events

    total $1,544 · excluded $1,544

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $157,389 · program services $147,307 · management and general $9,207 · fundraising $875

  • 7 · Other salaries and wages

    total $5,284,211 · program services $4,945,737 · management and general $309,107 · fundraising $29,367

  • 9 · Other employee benefits

    total $1,570,378 · program services $1,535,101 · management and general $34,802 · fundraising $475

  • 10 · Payroll taxes

    total $409,096 · program services $385,982 · management and general $21,273 · fundraising $1,841

  • 11c · Fees: accounting

    total $89,802 · management and general $89,802

  • 11g · Fees: other

    total $9,009 · program services $9,009

  • 13 · Office expenses

    total $75,425 · program services $67,719 · management and general $7,327 · fundraising $379

  • 16 · Occupancy

    total $923,893 · program services $757,556 · management and general $166,337

  • 20 · Interest

    total $1,220,244 · program services $976,196 · management and general $244,048

  • 22 · Depreciation, depletion and amortization

    total $955,683 · program services $764,546 · management and general $191,137

  • 23 · Insurance

    total $106,358 · program services $100,349 · management and general $5,533 · fundraising $476

  • 24a · Other expenses: DIRECT STUDENT COST

    total $2,243,032 · program services $2,243,032

  • 24b · Other expenses: STAFF EXPENSES

    total $184,470 · program services $181,799 · management and general $2,458 · fundraising $213

  • 24c · Other expenses: DUES

    total $18,939 · program services $15,151 · management and general $3,788

  • 24d · Other expenses: TELEPHONE

    total $7,439 · program services $5,951 · management and general $1,488

  • 24e · All other expenses

    total $1,583 · fundraising $1,583

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $5,128,151 · end of year $8,302,272

  • 3 · Pledges and grants receivable

    beginning of year $331,966 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $3,513 · end of year $10,112

  • 10a · Land, buildings and equipment: cost or other basis

    $25,165,073

  • 10b · Land, buildings and equipment: accumulated depreciation

    $6,326,895

  • 10c · Land, buildings and equipment, net

    beginning of year $19,392,750 · end of year $18,838,178

  • 12 · Investments: other securities

    beginning of year $2,295,325 · end of year $2,337,082

  • 15 · Other assets

    beginning of year $40,458 · end of year $14,191

  • 17 · Accounts payable and accrued expenses

    beginning of year $575,023 · end of year $697,210

  • 20 · Tax-exempt bond liabilities

    beginning of year $20,747,979 · end of year $20,526,906

  • 23 · Secured mortgages and notes payable

    beginning of year $170,846 · end of year $148,863

  • 25 · Other liabilities

    beginning of year $226,222 · end of year $240,713

  • 27 · Net assets without donor restrictions

    beginning of year $4,890,126 · end of year $7,304,798

  • 28 · Net assets with donor restrictions

    beginning of year $581,967 · end of year $583,345

Mission and programs · 2022

Mission

THE ACADEMY'S MISSION IS TO PROVIDE DYNAMIC, RIGOROUS, LIFE-LONG LEARNING IN CLASSROOMS THAT INSPIRE SUCCESS AND PRODUCE SKILL-SETS THAT REFLECT THE NEEDS AND ARE IN HIGH DEMAND FOR THE GREEN WORKFORCE, COLLEGE ADMISSION, AND OTHER ECONOMIC SECTORS.

  • GREEN STREET ACADEMY EDUCATES BALTIMORE, MD CHILDREN IN GRADES SIX THROUGH TWELVE AND PREPARES STUDENTS FOR SUCCESS IN COLLEGE AND CAREER.

    Expenses $12,135,435 · Revenue $11,539,482

As filed on the 2022 return.

Listed in Part VII

  • David L Warnock

    CO-CHAIR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Lawrence M Rivitz

    CO-CHAIR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Changa Bell

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Jon Constable

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Nicole Earle

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Heather Lamke

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Anthony Raley

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Jj Reidy

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Khalid Smith

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Calvin Young

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Ryan Turner

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Denisha Logan

    EXECUTIVE DIRECTOR

    Total calculated
    $77,571
    From this org
    $73,000
    From related orgs
    $0
    Other
    $4,571
    Hours/week
    40 + 1 related

  • Shantice Martin

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Dan Schochor

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Scott Tucker

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Crystal Harden-Lindsey

    FORMER EXECUTIVE DIRECTOR

    Total calculated
    $153,836
    From this org
    $147,615
    From related orgs
    $0
    Other
    $6,221
    Hours/week
    40 + 1 related

    Schedule J breakdown matched by us

    Base
    $147,615
    Bonus
    $0
    Other
    $0
    Deferred
    $2,128
    Nontaxable benefits
    $4,093
    Filer's total
    $153,836

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2022
Filed
29 February 2024
IRS schema version
2022v5.0
Source object
202440619349300129

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