2024-05-03T11:09:02-05:00 2023-06-30 520982413 GROSS MENDELSOHN & ASSOCIATES PA 1801 PORTER STREET SUITE 500 BALTIMORE MD 21230 990 2022-07-01 311620693 GERSTELL ACADEMY INC GERS 4105681605 10706 BEAVER DAM ROAD COCKEYSVILLE MD 21030 PAUL O WALLACE TRUSTEE 4105681605 2024-05-03 1 PAUL WALLACE 999009999 1 SCOTT HANDWERGER P00519238 4106855512 2024-05-02 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z 10706 BEAVER DAM ROAD COCKEYSVILLE MD 21030 10651515 0 1 X WWW.GERSTELL.ORG X 1996 MD GERSTELL ACADEMY IS A DIVERSE EDUCATIONAL COMMUNITY DEDICATED TO PROVIDING A NURTURING AND MENTORING ENVIRONMENT WHERE EACH STUDENT'S POTENTIAL TO BECOME A LEADER, TO LEARN, TO GROW MORALLY, TO BE PHYSICALLY FIT, AND TO COMPETE IS MAXIMIZED. 11 9 106 0 37600 0 1735433 1932261 6640386 6964586 1475977 729197 1164626 18643 11016422 9644687 0 0 0 0 6090909 6467821 0 0 100401 2872240 3389724 8963149 9857545 2053273 -212858 26664269 28237003 7107237 8152169 19557032 20084834 GERSTELL ACADEMY IS A DIVERSE EDUCATIONAL COMMUNITY DEDICATED TO PROVIDING A NURTURING AND MENTORING ENVIRONMENT WHERE EACH STUDENT'S POTENTIAL TO BECOME A LEADER, TO LEARN, TO GROW MORALLY, TO BE PHYSICALLY FIT, AND TO COMPETE IS MAXIMIZED. 0 0 7476945 6906796 ALL EXPENSES INCURRED ARE IN THE FURTHERANCE OF THE SCHOOL'S EXEMPT PURPOSE OF PROVIDING PRE KINDERGARDEN THROUGH GRADE 12 EDUCATION 29819 37600 GERSTELL-FALCON SPORTS CAMP 7506764 1 1 0 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 0 0 106 1 1 1 0 0 0 0 0 0 0 0 0 X 11 9 1 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 0 1 0 MD X X GROSS MENDELSOHN & ASSOCIATES 4106855512 1801 PORTER STREET SUITE 500 BALTIMORE MD 21230 DR FREDERICK G SMITH CHAIRMAN 20.00 X 0 0 0 DR VENICE PATERAKIS SECRETARY 0.00 X 0 0 0 WILLIAM PATERAKIS TREASURER 0.00 X 0 0 0 ROBERT E SMITH TRUSTEE 0.00 X 0 0 0 KAREN PHILIPPOU TRUSTEE 0.00 X 0 0 0 DR SUCHI KRISHNASWAMY TRUSTEE 0.00 X 0 0 0 ASHOK KRISHNASWAMY TRUSTEE 0.00 X 0 0 0 DR JASON HAMMOND TRUSTEE 0.00 X 0 0 0 BENJAMIN LYONS TRUSTEE 0.00 X 0 0 0 DR RICHARD NESSIF TRUSTEE 0.00 X 0 0 0 JANINE WILSON TRUSTEE 0.00 X 0 0 0 JOHN A POLASKO PRESIDENT 40.00 X 168005 0 0 REJI S SAMUEL IT DIRECTOR 40.00 X 133945 0 0 MARY R LOUQUE EMPLOYEE 40.00 X 117496 0 0 BRIAN ABBOTT UPPER SCHOOL HEAD 40.00 X 111477 0 0 530923 0 0 4 0 1 0 0 475189 1200000 257072 1932261 TUITION 611110 6611609 6611609 MISC. PROGRAM REVENUE 611710 315377 315377 SPORTS CAMP 611110 37600 37600 6964586 776661 776661 894838 6284 948586 0 -53748 6284 -47464 6284 -53748 47934 475189 40417 7517 7517 27821 17825 9996 9996 MISC INCOME 1130 1130 1130 9644687 6944396 37600 730430 5805798 4413211 1298292 94295 232911 180827 52084 429112 327048 95958 6106 10194 10194 222364 222364 1699 1699 107141 107141 250633 79576 171057 45362 45362 1474928 1219807 255121 114183 108045 6138 58851 58851 68430 68430 124795 124795 123471 112957 10514 SUPPLIES AND MATERIALS 271617 227692 43925 EQUIPMENT RENTAL & MAIN 264198 249667 14531 OUTSIDE SERVICES 115243 115243 BAD DEBT EXPENSE 87769 87769 48846 48773 73 9857545 7506764 2250380 100401 187785 387550 649133 359649 4594785 4890296 309022 160027 30272 3215899 2924760 278051 291139 2800085 2008940 17709515 20050315 135893 58815 26664269 28237003 208006 158168 5282986 5831313 1575984 1965181 40261 197507 7107237 8152169 X 19116593 19462338 440439 622496 19557032 20084834 26664269 28237003 -212858 740660 0 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 72949 72535 414 25807 25807 0 1948616 1692713 255903 1168527 1133705 34822 291139 MUTUAL FUNDS 20050315 F 20050315 DEPOSITS HELD LACROSSE CLINIC 1297 DEPOSITS HELD-OTHER 33854 DUE TO UPPER SCHOOL 52 DUE TO FREVEN FOUNDATION TRUST 9750 SALES TAXES PAYABLE 2453 DUE TO YELLOWDOME, LLC 3193 FSA MEDICAL 19519 PAYROLL LIABILITIES 2062 PROMISSORY NOTE FROM THE FREVEN FOUNDATION 113145 403B WH CONTRIBUTION 12182 197507 X 10375152 740658 1 740659 9634493 10194 10194 9644687 9847350 0 9847350 10195 10195 9857545 PART X, LINE 2: THE ACADEMY IS A NON-FOR-PROFIT CORPORATION GENERALLY EXEMPT FROM INCOME TAXES UNDER SECTION 501 (C)(3) OF THE INTERNAL REVENUE CODE AND CLASSIFIED BY THE INTERNAL REVENUE SERVICE AS "OTHER THAN A PRIVATE FOUNDATION." THE ACADEMY'S INCOME TAX RETURNS FOR THE PAST THREE YEARS ARE SUBJECT TO EXAMINATION BY TAX AUTHORITIES, AND MAY CHANGE UPON EXAMINATION. THE CAMP, A LIMITED LIABILITY COMPANY WHOLLY OWNED BY THE ACADEMY, IS TREATED AS A DISREGARDED ENTITY FOR INCOME TAX PURPOSES AND THEREFORE IS ALSO GENERALLY EXEMPT FROM INCOME TAXES. THE ORGANIZATION HAS NO UNCERTAIN TAX POSITIONS FOR THE YEAR ENDED JUNE 30, 2023. PART XI, LINE 2D - OTHER ADJUSTMENTS: ROUNDING PART XII, LINE 4B - OTHER ADJUSTMENTS: INVESTMENT MANAGEMENT FEES ROUNDING 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 SCHEDULE E, PART I, LINE 3 THE SCHOOL HAS PUBLICIZED ITS RACIALLY NONDISCRIMINATORY POLICY DURING THE REGISTRATION PERIOD THROUGH USE OF BROADCAST MEDIA, LOCAL NEWSPAPERS AND THE ENTITY'S INTERNET WEBSITE. PARENT'S ASSOCIATE EVENTS 47934 47934 40417 CAMPAIGN INCOME 475189 475189 523123 475189 47934 40417 40417 7517 X X 0 0 0 0 0 0 0 0 0 JOHN A POLASKO PRESIDENT 168005 0 0 0 0 0 0 0 0 0 168005 0 0 0 PART I, LINE 3 THE HEADMASTER'S COMPENSATION IS REVIEWED ANNUALLY BY THE PRESIDENT, WHO WORKS WITH BOARD OF DIRECTOR MEMBERS AND BUSINESS ADVISORS AND REVIEWS COMPARABILITY INFORMATION TO SET COMPENSATION AND TO STRUCTURE AGREEMENTS. FORM 990, PART VI, SECTION A, LINE 2 LINE 2 EXPLANATION - FREDERICK G. SMITH, TRUSTEE IS MARRIED TO VENICE K.PATERAKIS, SECRETARY/TREASURER VENICE K. PATERAKIS, SECRETARY/TREASURER IS THE SISTER OF WILLIAM PATERAKIS, TRUSTEE VENICE K. PATERAKIS, SECRETARY/TREASURER IS THE SISTER OF KAREN PHILIPPOU, TRUSTEE FREDERICK G. SMITH, TRUSTEE IS THE BROTHER OF ROBERT SMITH, TRUSTEE DR. SUCHI KRISHNASWAMY, TRUSTEE IS MARRIED TO MRS. ASHOK KRISHNASWAMY, TRUSTEE KAREN PHILIPPOU, TRUSTEE IS THE SISTER OF WILLIAM PATERAKIS, TRUSTEE FORM 990, PART VI, SECTION B, LINE 11B SELECTED BOARD MEMBERS REVIEW THE RETURN PRIOR TO FILING FORM 990, PART VI, SECTION B, LINE 12C REVIEW OF THE POLICY AND POTENTIAL CONFLICTS AND DISCLOSURE OF SUCH CONFLICTS ARE REVIEWED AT THE ANNUAL BOARD OF DIRECTORS MEETING. FORM 990, PART VI, SECTION B, LINE 15B THE HEADMASTER'S COMPENSATION IS REVIEWED ANNUALLY BY THE PRESIDENT, WHO WORKS WITH BOARD OF DIRECTOR MEMBERS AND BUSINESS ADVISORS AND REVIEWS COMPARABILITY INFORMATION TO SET COMPENSATION AND TO STRUCTURE AGREEMENTS. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION USES GUIDESTAR AS WELL AS ITS OWN WEBSITE TO MAKE VARIOUS DOCUMENTS AND POLICIES AVAILABLE TO THE PUBLIC, AS WELL AS RESPONDING TO WRITTEN REQUEST. FORM 990, PART XII, LINE 2C: THE ORGANIZATION DID NOT CHANGE ITS OVERSIGHT PROCESS OR SELECTION PROCESS DURING THE TAX YEAR. GERSTELL FALCON SPORTS CAMP 10706 BEAVER DAM ROAD COCKEYSVILLE MD 21030 311620693 SPORTS CAMP MD 5491 87674 N/A FREVEN FOUNDATION CHARITABLE TRUST 10706 BEAVER DAM ROAD COCKEYSVILLE MD 21030 311480308 SUPPORT ORGANIZATION MD 501(C)(3) LINE_11A_I_509_TYPE_ N/A 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 FREVEN FOUNDATION CHARITABLE TRUST E 3436 PROMISSORY NOTE INTEREST FREVEN FOUNDATION CHARITABLE TRUST N 1231060 95% OF BUILDING EXPENSE FREVEN FOUNDATION CHARITABLE TRUST R 1005 ACCOUNT REGISTER FREVEN FOUNDATION CHARITABLE TRUST S 350000 ACCOUNT REGISTER