1. Open the menu for any item (Board, Lane, Group or Tile).

2. Click on the pencil edit icon*

3. On the edit panel there will be a check box labelled "Include Status".

3. Clicking the box will check or uncheck it.
     If you want the Status to be displayed have the box checked.    
     If you want the Status to be removed and not visible have the box unchecked

4. Once you are done exit edit mode and close the menu.

*Note: Editor permission for the item is required to perform this action.