2024-05-10T09:58:32-05:00 2023-06-30 420714325 RSM US LLP 6 S Patterson Blvd Dayton OH 45402 990 2022-08-01 475516045 SMDP New School Co SMDP 2168811689 6202 Saint Clair Avenue Cleveland OH 44103 Charles Napoli President 2168811689 2024-05-08 1 Charles Napoli XXX-XX-XXXX 1 Karen O Crim P00368385 9372980201 2024-05-08 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z X Charles Napoli 6202 Saint Clair Avenue Cleveland OH 44103 4870025 0 X www.saintmartincleveland.com X 2015 OH SMDP New School Co.'s mission is to develop the property and construct the new education facility for Saint Martin de Porres High School X 7 6 0 6 0 0 0 0 0 0 62 502 360226 4869523 360288 4870025 225046 115913 0 0 0 0 0 0 0 742919 502204 967965 618117 -607677 4251908 14847891 0 13410181 0 1437710 0 The organization is a supporting organization of Saint Martin de Porres High School. SMDP New School Co.'s mission is to develop the property, construct a new education facility, and lease it to Saint Martin de Porres High School. 0 0 618117 115913 242323 Rental income of $242,323 was paid by the lessee, Saint Martin de Porres High School to SMDP New School Co. Additionally, interest of $502 was earned on cash balances. Expenses consist of depreciation, interest, and a contribution to the supported organization. 618117 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 1 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 7 6 0 0 1 0 1 1 1 1 1 0 0 1 1 1 1 0 0 1 1 0 X Rodney Hairston 2168811689 6202 Saint Clair Avenue Cleveland OH 44103 Charles Napoli President 1.00 39.00 X X 0 158374 20318 Mark McCarthy Trustee 1.00 0.00 X 0 0 0 Patrick Pauken Trustee 1.00 1.00 X 0 0 0 Amy Kellogg Trustee 1.00 0.00 X 0 0 0 Eugene Killeen Trustee 1.00 1.00 X 0 0 0 Russell Lamb Trustee 1.00 0.00 X 0 0 0 Robert O'Brien Trustee 1.00 0.00 X 0 0 0 Martha Solarz Chief Financial Officer 1.00 39.00 X 0 102397 14089 0 260771 34407 2 0 1 0 0 502 502 242323 0 242323 242323 242323 Cancellation of Debt Income 900099 4627200 4627200 4627200 4870025 242323 0 4627702 115913 115913 26281 26281 75375 75375 257083 257083 Debt Issuance Cost W/O 130051 130051 Debt Issuance Cost Amor 13414 13414 618117 618117 0 0 0 51400 0 0 0 0 0 0 0 0 0 0 14796491 0 0 0 0 0 0 14847891 0 17292 0 13392889 0 13410181 0 X 1437710 0 1437710 0 14847891 0 X 4251908 -5689618 X 0 1 X 1 0 X X X 1 Saint Martin de Porres High School 522401852 2 1 115913 0 1 115913 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 X Part X, Line 2: The Financial Accounting Standards Board (FASB) provides guidance for how uncertain income tax positions should be recognized, measured, disclosed, and presented in the financial statements. This requires the evaluation of tax positions taken or expected to be taken in the course of preparing the School's tax returns to determine whether the tax positions are more likely than not of being sustained when challenged or when examined by the applicable tax authority. Tax positions not deemed to meet the more likely than not threshold would be recorded as a tax benefit or expense and liability in the current year. For the year ended June 30, 2023, management has determined there are no uncertain tax positions. 1 Saint Martin de Porres High School 6202 St Clair Avenue Cleveland OH 44103 522401852 501(c)3 115913 0 FMV School Operations 1 0 Part I, Line 1 SMDP New School Co. is a supporting organization of Saint Martin de Porres High School. A majority of the trustees of the organization and the CFO are also trustees and CFO, respectively of the supported organization. All grants and related expenses are reviewed by the CFO. 0 0 0 0 0 0 0 0 0 Charles Napoli President 0 157781 0 0 0 593 0 3277 0 17041 0 178692 0 0 Part II, Line 1 Compensation is paid by the related organization, Saint Martin de Porres High School. The former employee was the founder and is being paid to continue with the transitioning process of the current president. Annual performance reviews are performed by the executive committee of the school. The Cristo Rey Network survey of salaries is provided to members of the committee to aid in the salary determination. Building and Contents 2023-02-28 5689618 FMV 522401852 Saint Martin de Porres High School 6202 St Clair Ave Cleveland OH 44103 501(C)3 0 0 0 0 1 1 1 1 0 Form 990, Part VI, Section A, line 4 The Organization filed Articles of Dissolution on March 30, 2023. Form 990, Part VI, Section A, line 6 The member of the corporation is Saint Martin de Porres High School ("Saint Martin"), an Ohio nonprofit corporation and the supported organization of SMDP New School Co. Saint Martin may designate additional members. Form 990, Part VI, Section A, line 7a In addition to designating additional members, as described above, the member, Saint Martin, elects the Board of Directors (governing body) at the annual meeting of the corporation. Directors may be removed from office by the member with or without cause. Form 990, Part VI, Section A, line 7b See Line 7a explanation regarding governance decisions. Form 990, Part VI, Section B, line 11b Form 990 is distributed to the Board members prior to filing. Form 990, Part VI, Section B, line 12c Compliance is monitored by the CFO who receives conflict of interest statements from Board members annually. Form 990, Part VI, Section B, line 15 Annual performance reviews and compensation are determined by the Executive Committee. The Cristo Rey Network survey of salaries is provided to the members of this committee to aid in the determination of the President's Salary. Form 990, Part VI, Section C, line 19 SMDP New School Co. makes its governing documents, conflict of interest policy and financial statements available to the public upon request for the same period of time as set forth in Internal Revenue Code Section 6104(d). Form 990, Part XI, line 9: Transfer of Assets to Saint Martin -5,689,618. Saint Martin de Porres High School 6202 St Clair Avenue Cleveland OH 44103 522401852 High School OH 501(c)(3) Line 2 0 0 1 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 Saint Martin de Porres High School B 115913 Cash Value Saint Martin de Porres High School J 242323 FMV Part V, Question 1(o): Saint Martin de Porres High School provides minimal administrative services to SMDP New School at no cost. Part V, Question 2(1): SMDP New School Co. made several contributions of cash totaling $115,913 to Saint Martin de Porres High School, the supported organization. Part V, Question 2(2): SMDP New School Co. constructed the educational facility to be leased to Saint Martin de Porres High School. Lease expense of $242,323 was for the entire fiscal year (August 1, 2022 - June 30, 2023).