Overview
What is Five Smooth Stones Foundation Inc?
Five Smooth Stones Foundation Inc, located in Baltimore, Maryland, is a dedicated nonprofit organization with a mission to uplift the youth in the city. Established with the purpose of launching Baltimore Collegiate School for Boys, it operates the first all-boys public charter school in Baltimore City, providing an integrated curriculum and academic program from Grade 4 to Grade 8. The foundation is committed to offering the finest liberal arts education possible, equipping young men with the skills to become responsible citizens ready to lead and serve their community, nation, and world. The organization currently employs 35 individuals, striving to transform the lives of Baltimore's future generations.
Official website here: www.baltimorecollegiate.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81% (Three-Star out of Four Stars)
The Five Smooth Stones Foundation Inc has received a commendable Three-Star rating with an overall score of 81%, reflecting a strong focus on accountability and financial management. This rating is solely based on their Accountability & Finance metrics, indicating a transparent and well-managed organization. The foundation has particularly excelled in areas such as its independent board, which is fully comprised of independent members, showcasing its commitment to governance.
Strengths of the foundation include a high program expense ratio of 84.12%, meaning a significant portion of its resources is directed towards its programs rather than administrative costs. Additionally, the organization has robust policies in place for conflict of interest, whistleblowing, and document retention, which further reinforces its accountability practices. The complete transparency in its financial statements was also affirmed, with no material diversion of assets reported.
While the foundation's metrics are strong, potential donors and stakeholders may want to consider the limited scope of the rating, as it relies solely on the accountability and financial aspects without evaluating programmatic effectiveness or impact. Overall, Five Smooth Stones Foundation Inc demonstrates a solid financial foundation and governance practices, making it a reliable choice for those looking to contribute to a nonprofit organization.
This AI summary has been generated from information found on Charity Navigator.
Is Five Smooth Stones Foundation Inc legitimate?
Five Smooth Stones Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Five Smooth Stones Foundation Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $123,961
Professional Fundraising Fees: $0
Other Salaries and Wages: $3,262,292
For more financial information, click here
Official website here: www.baltimorecollegiate.org
What is the mission statement of Five Smooth Stones Foundation Inc?
The Five Smooth Stones Foundation Inc is dedicated to transforming a generation of young boys in Baltimore through exceptional educational opportunities. Their primary objective is to establish responsible citizens who are equipped to lead and serve their community, nation, and the world. This is achieved by operating Baltimore Collegiate School for Boys, the first all-boys public charter school in Baltimore City, which offers an integrated curriculum and academic program from Grade 4 to Grade 8. The foundation's mission prioritizes providing the finest liberal arts education possible, ensuring the growth of future leaders who will contribute positively to society.
Official website here: www.baltimorecollegiate.org
Who is the CEO of Five Smooth Stones Foundation Inc?
Edwin Avent is the Founder & President of Five Smooth Stones Foundation Inc.
Official website here: www.baltimorecollegiate.org
What is the revenue of Five Smooth Stones Foundation Inc?
Five Smooth Stones Foundation Inc's revenue in 2022 was $6,417,834.
Official website here: www.baltimorecollegiate.org
Who are the executives of Five Smooth Stones Foundation Inc and what are their salaries?
The average compensation at Five Smooth Stones Foundation Inc during 2022 was $96,750. There are 35 employees and 25 volunteers at Five Smooth Stones Foundation Inc.
Here are 6 key members and their salaries:
- Compensation: $123,961
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.baltimorecollegiate.org
Where can I find the form 990 for Five Smooth Stones Foundation Inc?
Five Smooth Stones Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.baltimorecollegiate.org
Learn more at the official website: www.baltimorecollegiate.org
Mission Statement of Five Smooth Stones Foundation Inc
Five Smooth Stones Foundation Inc is dedicated to transforming the lives of boys and young men in Baltimore City by providing them with the finest educational opportunities possible. Their mission, in essence, is to prepare this next generation of young men to become responsible citizens, equipped with the skills necessary to lead and serve their community, nation, and world. This is achieved through the Baltimore Collegiate School for Boys, an all-boys public charter school operated by the foundation, which offers an integrated curriculum and academic program from grade 4 through grade 8. The foundation's commitment to this mission ensures that these young men will receive a liberal arts education of the highest caliber, setting them on a path to make significant contributions to society.
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Impact
October, 2024
Five Smooth Stones Foundation Inc significantly impacts Baltimore by providing an exceptional liberal arts education tailored specifically for young men. By operating the Baltimore Collegiate School for Boys, the foundation is dedicated to cultivating a generation of responsible citizens equipped to lead and serve. Its focused educational model, which spans grades 4 through 8, integrates a rigorous curriculum designed to foster critical thinking, creativity, and civic engagement. This unique approach not only prepares students academically but also instills a strong sense of responsibility and community service, empowering them to positively influence their neighborhoods, the nation, and the world at large.
This information is meant to be a general summary of Five Smooth Stones Foundation Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $17
- Program Service Revenue: $5,291,750
- Gross Receipts: $6,417,834
Assets and Liabilities:
- Total Assets: $627,314
- Total Liabilities: $486,508
- Net Assets: $140,806
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PER PUPIL REVENUE
Revenue
$5,284,835
STUDENT ACTIVITY FEES
Revenue
$6,915
Organization Details
Founding Year
2010
Phone
(443) 642-5320Principal Officer
Edwin Avent
Main Address
2525 KIRK AVE, BALTIMORE, MD, 21218
Website
www.baltimorecollegiate.orgNTEE Category
Code: B29 - Education
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