A delayed ethics form submitted by Calvin A. Young III shows that he had ownership interests in three businesses prior to transitioning from Mayor Brandon Scott’s campaign treasurer to senior City Hall advisor last September.

Young held stakes, ranging from 24% to 40%, in entities associated with Green Street Impact Partners, a private equity firm that invests in workforce training and education start-ups.

The online disclosure, which was filed late last week following an article in The Brew and a demand by the city Ethics Board for information, does not say whether Young remains a principal or an investor in the three entities – or is receiving other income from them – since becoming Scott’s senior advisor.

That’s because the form he submitted only covers up to September 2, 2024, the day before he started his $140,000-a-year city job.

On the same day, he was replaced by Chanel Young, his older sister, as treasurer of Scott’s campaign committee. (His twin brother, Caylin A. Young, serves as Scott’s deputy equity chief and is also a state delegate.)

Last week, Young stated on the form he filed with the Ethics Board that he “will submit an additional form for 2024,” which will apparently cover his first four months working for the city. That form isn’t due until April 30, 2025.

Green Street Impact Partners’ website still lists Young as a general partner, alongside managing partner Amy Bevilacqua and David Warnock, a Baltimore financier now residing in New Mexico.

The firm has been an investor in Catalyte, a Baltimore-based company that uses AI-enabled analytics to identify people with the potential to be software engineers.

Catalyte was involved in a program to train local residents for software positions in Baltimore government and won a $15 million contract to help develop a “tech talent pipeline” for Maryland government.

“We look forward to bringing our ed-tech sector focused knowledge to bear to support the acceleration of growth at this AI-powered company,” Young was quoted as saying after Catalyte secured another $1.5 million from Green Street Impact.

Last October, the company’s CEO abruptly left and employees were laid off.

Forced Disclosure

Young went on the city payroll on September 3, replacing Chezia Cager, whom The Brew identified as devoid of line responsibilities since her removal as Scott’s chief of staff in 2023.

His appointment as the new senior advisor was not announced or officially confirmed until an aide acknowledged his appointment at an October 1 City Council hearing.

At that hearing, Andrew C. Freeman charged that he had been fired as vice president of a city renewal authority because he had voiced support for Sheila Dixon, who ran against Scott in the Democratic primary.

Young was appointed chair of East Baltimore Development Inc. last March while serving as Scott’s campaign treasurer. Freeman told the Council he is preparing a federal lawsuit against Young and Scott for violating his First Amendment rights and racial discrimination.

Last month, The Brew queried the Ethics Board about why Young’s disclosure statement, due in early October, was still missing from the public record.

Ethics Board Director J. Christoph Amberger immediately requested the information from Young.

The mayor’s office responded that Young would combine his entry form with a future disclosure “in due course,” which led Amberger to demand that Young submit the form by 5 p.m. last Friday.

And so it was submitted, but devoid of information about his current status with Green Street Impact Partners and its investment funds.

Young did report that prior to September 3, 2024, he served on the boards of EBDI, Live Baltimore, Chesapeake Shakespeare, Green Street Academy, and Roshal Health, a Katy, Texas, ultrasound imaging provider.

For his tardiness in filing the ethics form, Young is subject to a $1,000 fine.

It is up to the five-member Ethics Board to determine what, if any, fines will be assessed, and they may take up the matter at their next meeting, Amberger said.