2025-03-12T09:03:23-05:00 2024-06-30 521853933 JM&M 10500 LITTLE PATUXENT PARKWAY SUITE 770 COLUMBIA MD 21044 990 2023-07-01 830356333 CHESAPEAKE LIGHTHOUSE FOUNDATION INC CHES 3017762300 6151 CHEVY CHASE DRIVE LAUREL MD 20707 YILMAZ AK CHIEF EXECUTIVE OFFICER 3017762300 2025-03-11 1 1 TINA PEACHER P01608826 4108840220 2023 2025-03-06 01:10:19Z YILMAZ AK 6151 CHEVY CHASE DRIVE LAUREL MD 20707 67586384 0 X WWW.CLFMD.ORG X 2003 MD TO PROVIDE A RIGOROUS AND QUALITY EDUCATION FOR KINDERGARTEN THROUGH 12TH GRADE STUDENTS WITH A SPECIAL FOCUS ON MATH, SCIENCE AND TECHNOLOGY. 13 13 180 14 0 0 6335345 4662673 51922729 62694392 269148 190360 27164 21857 58554386 67569282 0 0 0 0 28617362 35915253 0 0 0 20448773 22697777 49066135 58613030 9488251 8956252 104993642 123251178 77855506 94254646 27138136 28996532 TO ATTAIN EDUCATIONAL EXCELLENCE BY PROVIDING A RIGOROUS AND TECHNOLOGY-INTEGRATED EDUCATION FOR K-12 STUDENTS WITH AN EMPHASIS ON MATHEMATICS, SCIENCE, AND INFORMATION TECHNOLOGIES. 0 0 48140606 62694392 THE PRIMARY PURPOSE OF THE FOUNDATION IS TO OPERATE ONE OR MORE PUBLIC CHARTER SCHOOLS OR OTHER CHOICE SCHOOLS IN THE STATE OF MARYLAND IN ACCORDANCE WITH MARYLAND SENATE BILL 75 OF 2003. 48140606 1 0 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 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 236 0 1 180 1 0 0 0 0 0 0 0 0 0 0 0 0 X 13 13 0 0 0 0 0 0 0 1 1 0 1 1 1 1 1 1 1 1 0 0 0 MD X VEDAT DOGAN 3017762300 6151 CHEVY CHASE DRIVE LAUREL MD 20707 ZAYN AK CEO 40.00 X 192250 0 35451 ERKAN DERIN DIRECTOR OF OPERATIONS 40.00 X 144523 0 34368 VEDAT DOGAN CFO 40.00 X 144345 0 34039 TEKIN TUNCER DIRECTOR OF ACCOUNTABILITY 40.00 X 141557 0 32437 AYODOGAN KARABULUT DIRECTOR OF IT 40.00 X 135657 0 35287 BEVERLY DONOVAN EDUCATION STRATEGY & COMMUNICATIONS MANAGER 40.00 X 143627 0 25347 GLENDA D WASHINGTON DIRECTOR OF COMMUNICATIONS 40.00 X 122763 0 3600 DR MUSA SUBASI BOARD PRESIDENT 5.00 X X 0 0 0 DR MUSTAFA SEFIK TREASURER 5.00 X X 0 0 0 FRANCIS HAWKINS SECRETARY 5.00 X X 0 0 0 FERHAT AVSAR DIRECTOR 5.00 X 0 0 0 YILDIZ TEBER DIRECTOR 5.00 X 0 0 0 CLAUDIA CHANG DIRECTOR 5.00 X 0 0 0 CATHYANN ANDREWS DIRECTOR 5.00 X 0 0 0 LUTFI ON DIRECTOR 5.00 X 0 0 0 MAJOR PETE SMITH DIRECTOR UNTIL AUG. 2023 5.00 X 0 0 0 DAVID KRAVETS CSP BOARD MEMBER 2.00 X 0 0 0 VALORIE SANDERS CSP BOARD MEMBER 2.00 X 0 0 0 YILMAZ AK CSP BOARD MEMBER 2.00 X 0 0 0 SAHER KHAN CSP BOARD MEMBER 2.00 X 0 0 0 CHRIS MCGRADY CSP BOARD MEMBER 2.00 X 0 0 0 1024722 0 200529 10 0 1 0 ABM CLEANING SERVICES 14141 SOUTHWEST FWY STE 400 SUGAR LAND TX 77478 CLEANING SERVICES 1009926 R&G MAINTENANCE 715 CROSBY ROAD CATONSVILLE MD 21228 BUILDING REPAIRS 755613 LONERGANS CHARTER SERVICE INC PO BOX 745 MILLERSVILLE MD 21108 BUS TRANSPORTATION 502532 MECHANICAL ENGINEERING AND CONSTRUCTION 6159 EDMONDSON AVE SUITE A CATONSVILLE MD 21228 HVAC REPAIRS & MAINTENANCE 294912 INTELLIGENCE PROTECTIVE SERVICE 4317 WARNERS DISCOVERY WAY BOWIE MD 20720 SECURITY SERVICES 119111 5 4638434 24239 4662673 PER PUPIL FUNDING 611710 60946668 60946668 ENRICHMENT FEES 611710 1747724 1747724 62694392 207462 207462 17102 -17102 -17102 -17102 CASH BACK REWARDS 900099 21321 21321 REFUND 900099 536 536 21857 67569282 62694392 0 212217 411513 359442 52071 28798374 25154429 3643945 530323 463220 67103 4625178 4039941 585237 1549865 1353756 196109 72312 72312 39500 39500 3599167 586933 3012234 60532 49636 10896 480259 334130 146129 5703907 4563126 1140781 7085 5668 1417 33636 26909 6727 2203328 1762662 440666 4056044 3244835 811209 163935 131148 32787 INSTRUCTIONAL MATERIALS 4197328 4197328 REPAIRS AND MAINTENANCE 741738 593390 148348 BUS TRANSPORTATION 646983 646983 SCHOOL SUPPLIES 254748 254748 437275 372322 64953 58613030 48140606 10472424 0 18680225 26444612 8886156 997321 1756411 2881546 2429360 406230 84357 259353 86885479 21883158 64704621 65002321 8452512 27259795 104993642 123251178 1108504 624744 390773 66117484 62767561 10629518 30471568 77855506 94254646 X 27138136 28996532 27138136 28996532 104993642 123251178 X 8956252 -7097856 X X 0 1 X 1 1 1 X 9154890 9154890 50698043 9643304 41054739 15201228 5723719 9477509 11831318 6516135 5315183 65002321 SECURITY DEPOSITS 204396 OPERATING LEASE RIGHT-OF-USE ASSETS 27055399 27259795 OPERATING LEASE LIABILITY 28403823 SWAP LIABILITY 2067745 30471568 X 60471426 -7097856 -7097856 67569282 0 67569282 58613030 0 58613030 0 58613030 PART X, LINE 2: THE ORGANIZATION RECOGNIZES THE EFFECT OF INCOME TAX POSITIONS ONLY IF THOSE POSITIONS ARE MORE LIKELY THAN NOT OF BEING SUSTAINED. THE ORGANIZATION DOES NOT BELIEVE ITS FINANCIAL STATEMENTS INCLUDE ANY UNCERTAIN TAX POSITIONS. PART XI, LINE 2D - OTHER ADJUSTMENTS: LEASE LIABILITY ADJUSTMENT 96,630. ADJUSTMENT TO TIE BEGINNING NET ASSETS 13,940. LOSS ON EXTINGUISHMENT OF DEBT -5,140,681. LOSS ON CHANGE IN FAIR VALUE OF SWAP -2,067,745. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 0 SCHEDULE E, PART I, LINE 3 CHESAPEAKE SCIENCE POINT CHARTER SCHOOL AND CHESAPEAKE MATH AND IT ACADEMY PUBLICIZE THEIR RACIALLY NONDISCRIMINATORY POLICY IN THEIR SCHOOL BROCHURES, FLYERS, ENROLLMENT FORMS, AND STUDENT AND EMPLOYEE HANDBOOKS. SCHEDULE E, PART I, LINE 6 CHESAPEAKE LIGHTHOUSE FOUNDATION RECEIVED FUNDING FROM PRINCE GEORGES COUNTY AND ANNE ARUNDEL COUNTY. SCHEDULE E, PART I, LINE 7 AS A PUBLIC CHARTER SCHOOL, CLF IS EXEMPT FROM THE REQUIREMENTS OF REV. PROC. 75-50. X 0 0 0 0 0 0 0 0 0 ZAYN AK CEO 192250 0 0 0 0 0 10981 0 24470 0 227701 0 0 0 ERKAN DERIN DIRECTOR OF OPERATIONS 144523 0 0 0 0 0 9941 0 24427 0 178891 0 0 0 VEDAT DOGAN CFO 144345 0 0 0 0 0 1418 0 32621 0 178384 0 0 0 TEKIN TUNCER DIRECTOR OF ACCOUNTABILITY 141557 0 0 0 0 0 9842 0 22595 0 173994 0 0 0 AYODOGAN KARABULUT DIRECTOR OF IT 135657 0 0 0 0 0 9468 0 25819 0 170944 0 0 0 BEVERLY DONOVAN EDUCATION STRATEGY & COMMUNICATIONS MANAGER 143627 0 0 0 0 0 0 0 25347 0 168974 0 0 0 A MARYLAND HEALTH AND HIGHER EDUCATIONAL FACILITIES AUTHORITY 2023-09-13 29960000 TO RETIRE THE PREVIOUS BONDS 0 0 0 B MARYLAND HEALTH AND HIGHER EDUCATIONAL FACILITIES AUTHORITY 2023-09-13 19660000 TO RETIRE THE PREVIOUS BONDS 0 0 0 C MARYLAND HEALTH AND HIGHER EDUCATIONAL FACILITIES AUTHORITY 2023-09-13 14774000 TO RETIRE THE PREVIOUS BONDS 0 0 0 A 29960000 0 0 1 1 B 19660000 0 0 1 1 C 14774000 0 0 1 1 A 0 0 0 0 1 0 0 B 0 0 0 0 1 0 0 C 0 0 0 0 1 0 0 A 0 0 0 0 0 0 0 0 0 B 0 0 0 0 0 0 0 0 0 C 0 0 0 0 0 0 0 0 0 A 0 B 0 C 0 FORM 990, PAGE 1, ITEM C. DOING BUSINESS AS NAMES: CHESAPEAKE LIGHTHOUSE FOUNDATION, INC. ("THE FOUNDATION") OPERATES UNDER TWO ADDITIONAL NAMES: CHESAPEAKE MATH & IT ACADEMY NORTH ("CMIT NORTH") AND CHESAPEAKE MATH & IT ACADEMY SOUTH ("CMIT SOUTH"). FORM 990, PART VI, SECTION B, LINE 11B THE BOARD OF DIRECTORS REVIEWS A COPY OF THE FORM 990 BEFORE IT IS FILED WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C BOARD MEMBERS AND OFFICERS SIGN A CONFLICT OF INTEREST FORM AND STATEMENT INDICATING INTERESTS THAT COULD GIVE RISE TO CONFLICTS. THIS IS DONE ON AN ANNUAL BASIS. FORM 990, PART VI, SECTION C, LINE 19 THE FOUNDATION MAKES ITS GOVERNING DOCUMENTS, FINANCIAL STATEMENTS AND FORM 990 AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: LEASE LIABILITY ADJUSTMENT 96,630. ADJUSTMENT TO TIE BEGINNING NET ASSETS 13,940. LOSS OF EXTINGUISHMENT OF DEBT -5,140,681. LOSS ON CHANGE IN FAIR VALUE OF SWAP -2,067,745. FORM 990, PART XII, LINE 2C: THE ORGANIZATION HAS NOT CHANGED ITS OVERSIGHT OR SELECTION PROCESS DURING THE YEAR. CHESAPEAKE EDUCATION SERVICES LLC 6100 FROST PLACE LAUREL MD 20707 464942598 TO OWN, OPERATE, LEASE, AND MAINTAIN REAL ESTATE AS A PUBLIC CHARTER SCHOOL. MD 6508270 52507622 CHESAPEAKE LIGHTHOUSE FOUNDATION CHESAPEAKE SCIENCE POINT CHARTER SCHOOL LLC 7321 PKWY DRIVE SOUTH HANOVER MD 21076 474052136 TO OPERATE ONE OR MORE CHARTER SCHOOLS IN MARYLAND. MD 16002300 31577000 CHESAPEAKE LIGHTHOUSE FOUNDATION