Civic Intelligence

Valley Forge Military Academy Foundation

990 • Fiscal year 2020 • EIN 23-1178880

Jul 01, 2019 to Jun 30, 2020 • Filed on May 17, 2021

1001 Eagle RoadWayne, PA 19087-3695

(610) 989-1200

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

41st percentile

0.18x

Higher debt load relative to assets than 41% of similar nonprofits.

2020 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2020

Liabilities / Revenue

42nd percentile

0.27x

Higher debt load relative to revenue than 42% of similar nonprofits.

2020 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2020

Net Margin

15th percentile

-13%

Higher net margin than 15% of similar nonprofits.

2020 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2020

Top Officer Pay

35th percentile

$194,568

Higher top officer pay than 35% of similar nonprofits.

Top officer pay equals 0.8% of source-year revenue.

2020 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2020

Asset Growth

21st percentile

-1.1%

Faster asset growth than 21% of similar nonprofits.

2020 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2019 to 2020

Revenue Growth

19th percentile

-16%

Faster revenue growth than 19% of similar nonprofits.

2020 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2019 to 2020

Assets

Down

$37,543,790

Down $405,726 (-1.1%) from 2019

Net Assets

Down

$30,749,536

Down $3,091,656 (-9.1%) from 2019

Liabilities

Up

$6,794,254

Up $2,685,930 (+65%) from 2019

Revenue

Down

$24,849,780

Down $4,771,083 (-16%) from 2019

Expenses

Down

$28,167,388

Down $2,858,932 (-9.2%) from 2019

Net Income

Down

-$3,317,608

Down $1,912,151 (-136%) from 2019

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$60M$40M$20M$0Assets 2010: $38,334,623Liabilities 2010: $12,288,901Net Assets 2010: $26,045,7222010Assets 2011: $39,020,156Liabilities 2011: $12,464,135Net Assets 2011: $26,556,0212011Assets 2012: $40,441,804Liabilities 2012: $11,340,510Net Assets 2012: $29,101,2942012Assets 2013: $41,931,880Liabilities 2013: $13,151,882Net Assets 2013: $28,779,9982013Assets 2014: $44,750,103Liabilities 2014: $13,698,644Net Assets 2014: $31,051,4592014Assets 2015: $43,724,814Liabilities 2015: $12,085,389Net Assets 2015: $31,639,4252015Assets 2016: $43,945,120Liabilities 2016: $12,355,456Net Assets 2016: $31,589,6642016Assets 2017: $44,268,158Liabilities 2017: $11,121,194Net Assets 2017: $33,146,9642017Assets 2018: $41,340,065Liabilities 2018: $9,985,830Net Assets 2018: $31,354,2352018Assets 2019: $37,949,516Liabilities 2019: $4,108,324Net Assets 2019: $33,841,1922019Assets 2020: $37,543,790Liabilities 2020: $6,794,254Net Assets 2020: $30,749,5362020Assets 2021: $40,487,283Liabilities 2021: $9,151,772Net Assets 2021: $31,335,5112021Assets 2022: $38,578,501Liabilities 2022: $11,197,497Net Assets 2022: $27,381,0042022Assets 2023: $43,710,785Liabilities 2023: $10,619,090Net Assets 2023: $33,091,6952023Assets 2024: $45,718,541Liabilities 2024: $10,827,183Net Assets 2024: $34,891,3582024

Highlighted filing

2020

Assets$37,543,790
Liabilities$6,794,254
Net Assets$30,749,536

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$40M$30M$20M$10M$0-$10MExpenses 2010: $27,661,8512010Expenses 2011: $30,815,0782011Expenses 2012: $27,649,0452012Expenses 2013: $27,515,4542013Revenue 2014: $29,901,436Expenses 2014: $30,108,556Net Income 2014: -$207,1202014Revenue 2015: $31,387,221Expenses 2015: $30,245,680Net Income 2015: $1,141,5412015Revenue 2016: $31,074,648Expenses 2016: $31,375,061Net Income 2016: -$300,4132016Revenue 2017: $28,765,304Expenses 2017: $28,041,665Net Income 2017: $723,6392017Revenue 2018: $26,849,365Expenses 2018: $28,676,144Net Income 2018: -$1,826,7792018Revenue 2019: $29,620,863Expenses 2019: $31,026,320Net Income 2019: -$1,405,4572019Revenue 2020: $24,849,780Expenses 2020: $28,167,388Net Income 2020: -$3,317,6082020Revenue 2021: $14,074,781Expenses 2021: $17,905,926Net Income 2021: -$3,831,1452021Revenue 2022: $16,888,821Expenses 2022: $18,506,570Net Income 2022: -$1,617,7492022Revenue 2023: $23,193,972Expenses 2023: $18,866,734Net Income 2023: $4,327,2382023Revenue 2024: $11,229,056Expenses 2024: $10,971,428Net Income 2024: $257,6282024

Highlighted filing

2020

Revenue$24,849,780
Expenses$28,167,388
Net Income-$3,317,608
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
May 17, 2021
Return Version
2019v5.2
Gross Receipts
$25,778,207
Mission and Program Overview

Mission

To educate cadets, with in an academic and military environment, to be fully prepared for their responsibilities as citizen leaders who are mentally alert, sound in body, considerate of others and possessed of love of god and country,high moral standards and strong character traits that will make all a credit to themselves, their families, their alma mater, their country, and their god.

Educational institution focused on building leadership through a military environment.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$15,660,742$14,989,173▼ $671,569
Investments in Publicly Traded Securities$9,800,841$9,467,167▼ $333,674
Savings and Temporary Cash Investments$716,380$1,896,311▲ $1,179,931
Pledges and Grants Receivable$34,327$984,066▲ $949,739
Loans From Officers Directors-$900,000-
Prepaid Expenses and Deferred Charges$577,143$657,874▲ $80,731
Accounts Receivable$122,028$208,541▲ $86,513
Inventories for Sale or Use$41,009$82,404▲ $41,395
Cash and Non-Interest-Bearing Accounts$787$1,500▲ $713
Total Assets$37,949,516$37,543,790▼ $405,726
Other Assets Total$10,996,259$9,256,754▼ $1,739,505
Liabilities
Mortgage Notes Payable Secured by Investment Property$1,541,626$2,508,929▲ $967,303
Unsecured Notes Loans Payable$35,741$1,617,875▲ $1,582,134
Accounts Payable and Accrued Expenses$1,257,508$1,526,474▲ $268,966
Deferred Revenue$1,273,449$240,976▼ $1,032,473
Total Liabilities$4,108,324$6,794,254▲ $2,685,930
Net Assets / Fund Balance
Net Assets With Donor Restrictions$21,760,491$21,403,266▼ $357,225
Net Assets Without Donor Restrictions$12,080,701$9,346,270▼ $2,734,431
Total Net Assets Fund Balance$33,841,192$30,749,536▼ $3,091,656
Total Liabilities and Net Assets / Fund Balance$37,949,516$37,543,790▼ $405,726

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$12,746,537$30,278,249$43,024,786
Equipment$597,202$6,520,328$7,117,530
Land$1,456,602-$1,456,602
Other Land Buildings$188,832-$188,832
Other Assets Org$7,511,084--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2019$11,550,312$55,706▲ $249,482$596,600$11,258,900
2018$11,056,710$817,790▲ $356,712$680,900$11,550,312
2017$10,379,248$51,380▲ $552,916$658,800$10,324,744
2016$9,735,717$137,383▲ $888,748$382,600$10,379,248
2015$9,986,083$180,250▼ $48,716$381,900$9,735,717
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Vincent J Vuono CPAChief Financial Officer(until 9/20)FT$179,930$14,638$194,568
Col Stuart HelgesonPresidentFT$174,865$16,512$191,377
Paul LeaDean of AcademyFT$109,019$14,638$123,657
Richard CaseyDirector of AthleticsFT$105,210$16,499$121,709
Maureen MaloneDean of CollegeFT$106,656$14,638$121,294
Walter T LordPresident (until 3/8/19)FT$56,579$358$56,937

Board Members and Trustees

NameTitle
John EnglishChairman
Robert a Bacine EsqVice Chair
Anthony McintyreBoard Member
Audrey SpangenbergBoard Member
Chris RoussosBoard Member
Col Joseph a BartasiusBoard Member
Conrad E Muhly IvBoard Member
Daniel J ReavyBoard Member
Dr Christine Anne RoyceBoard Member
Frank GuthridgeBoard Member
George H SchildgeBoard Member
J Kent McnewBoard Member
James DavisBoard Member
Jonathan TrattBoard Member
Mark KeltonBoard Member
William R Floyd JrBoard Member
Eric SaulChief Financial Officer(as of 6/20)

Highest Paid Contractors

ContractorServicesLocationCompensation
Sodexo INCFood Svc/uniformsPO BOX 905374, Charlotte, NC 28290$1,579,277
Main Line Janitorial Service INCCustodial4438 LOBELLA COURT, Chester Springs, PA 19425$1,454,789
Riley Riper Hollin & ColagrecoLegal ServicesPO BOX 1265 / EAGLEVIEW CORPORATE C, Exton, PA 19341$640,772
Mcs Management ServicesMail/copier1601 MARKET STREET STE 800, Philadelphia, PA 19103$279,603
Silver Rosnzweig & Haltzman LLCLegal Services900 EAST EIGHT AVENUE, King Of Prussia, PA 19406$182,645
Revenue and Support

Revenue Composition

Contributions and Grants
$1,817,308
Program Service Revenue
$22,633,846
Investment Income
$-59,307
Other Revenue
$457,933
All Other Contributions
$1,410,859
Change in Net Assets
$-3,317,608

Audited Revenue Reconciliation

Revenue per Audited Statements
$24,888,227
Revenue Not Reported on Financial Statements
$-38,447
Revenue Not Reported on Form 990
$-9,547,229
Other Revenue Adjustments
$-38,447
Total Revenue per Audited Statements
$15,340,998
Total Revenue per Form 990
$24,849,780
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$10,423,230
Grants and Similar Amounts Paid$9,714,142
Salaries, Compensation, and Employee Benefits$8,030,016
Total Fundraising Expense$361,596
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$9,714,142--$9,714,142
Other Salaries and Wages$4,944,792$1,046,921$155,408$6,147,121
Occupancy$1,025,330$349,785$37,669$1,412,784
Office Expenses$1,101,363$171,732$25,751$1,298,846
Depreciation Depletion$1,112,637$115,055$12,975$1,240,667
Fees for Services Other$664,860$362,555$41,491$1,068,906
Other Employee Benefits$719,079$188,765$52,146$959,990
Payroll Taxes$358,155$190,976$11,465$560,596
Other Expenses$491,393$2,400-$491,393
Fees for Services Legal-$400,385-$400,385
All Other Expenses$337,406$9,926$21,516$368,848
Advertising$17,930$349,115-$367,045
Current Officers, Directors, Trustees, and Key Employees-$362,309-$362,309
Interest$197,618$20,435$2,305$220,358
Travel$93,359$30,134$870$124,363
Fees for Services Accounting-$123,380-$123,380
Information Technology-$81,104-$81,104
Fees for Service Investment Mgmnt Fees-$59,039-$59,039
Total Functional Expenses$22,561,772$5,244,020$361,596$28,167,388

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$28,167,388
Total Expenses per Audited Statements$18,432,654
Expenses per Audited Statements$18,394,207
Expenses Not Reported on Financial Statements$9,773,181
Other Expense Adjustments$9,773,181
Expenses Not Reported on Form 990$38,447
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees-$900,000-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

The organization receives a copy of the 990 from the accounting firm preparing the return. The controller reviews the 990, followed by the cfo. After review by the controller and cfo, the form is presented to the budget, audit and finance (baf) committee for its review, approval and recommendation. Then, the baf committee presents the form to the full board of trustees for its review and approval prior to the filing of the return.

Form 990, Part VI, Section B, Line 12C

An annual questionnaire is sent to all board members and senior staff members documenting whether they are involved in any business with the foundation that could be construed as giving rise to a potential conflict of interest. Family and business relationships are specifically indicated in the questionnaire as being sources of potential conflicts. These questionnaires are signed by each board member and senior staff member and returned to the foundation's cfo for monitoring of potential conflicts. Any transactions with an interested party are at arm's length and are disclosed in the organization's financial statements.

Form 990, Part VI, Section B, Line 15

The organization's board of trustees determines the compensation for the president using various methods that ensure that compensation is in line with the fair market range for the industry. Surveys provided by organizations that serve as consortiums of independent schools are referenced and reviewed as well as forms 990 of other, similar organizations. The discussions and decision by the executive committee take place in closed session, however, the president's compensation package is discussed with and presented to the board prior to the final decision. Other key employees have their compensation package researched by the human resources department including comparison with industry standards. These packages are presented to the president for review and final approval after discussions with the board prior to the final decision.

Form 990, Part VI, Section C, Line 19

Governing documents, conflict of interest policy and financial statements are available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Valley Forge Military Academy Foundation
EIN
23-1178880
Phone
6109891200
Address
1001 EAGLE ROAD, WAYNE, PA 19087-3695

Signing Officer

Name
D Eric Saul
Title
Chief Financial Officer
Phone
6109891200
Signed
2021-05-17
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Col Stuart B Helgeson
Formed
1928
Legal Domicile
Pa
Voting Board Members
16
Independent Board Members
10
Employees
330
Volunteers
20

Preparer

Firm
Baker Tilly US Llp
Address
1570 FRUITVILLE PIKE SUITE 400, LANCASTER, PA 17601
Preparer
Kerri N Bogda CPA
Phone
7177404863
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

Change in value of perpetual trusts -205,525. Change in value of split interest agreement 216,020.

Financial Statement Notes

PART V, LINE 4:

The endowment is to be used for the operations of the organization. The majority of funds are allocated to cadet scholarships. Cadet and staff awards are also funded by the endowment. Allowable endowment funding is also used for plant operations when necessary.

PART X, LINE 2:

The foundation follows the fasb guidance that requires a tax position to be recognized or derecognized based on a "more-likely-than-not" threshold. This applies to positions taken or expected to be taken in a tax return. The university does not believe its financial statements include any uncertain tax positions. The foundation's policy is to recognize interest related to unrecognized tax benefits in interest expense and penalties in operating expenses. No interest or penalties were recognized in 2020 or 2019.

PART XI, LINE 2D - OTHER ADJUSTMENTS:

Financial aid -9,714,142. Change in value of split interest agreement 216,020. Change in value of perpetual trusts -205,525. Investment fees -59,039.

PART XI, LINE 4B - OTHER ADJUSTMENTS:

Facilities rental expenses -38,447.

PART XII, LINE 2D - OTHER ADJUSTMENTS:

Facilities rental expenses 38,447.

PART XII, LINE 4B - OTHER ADJUSTMENTS:

Financial aid 9,714,142. Investment fees 59,039.

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IRS990/Desc0VALLEY FORGE PROVIDES CADETS WITH AN EDUCATIONAL EXPERIENCE BUILT ON OUR FIVE CORNERSTONES: ACADEMIC EXCELLENCE, CHARACTER DEVELOPMENT, PERSONAL MOTIVATION, PHYSICAL DEVELOPMENT, AND LEADERSHIP. A VALLEY FORGE EDUCATION IS ROOTED IN QUALITY ACADEMIC PROGRAMS SUPPORTED BY LEADERSHIP RESPONSIBILITIES AND STRONG ATHLETIC AND EXTRACURRICULAR OPPORTUNITIES. THE SCHOOL HOSTED 436 STUDENTS DURING THE YEAR.
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IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt540.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt640.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt71.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt81.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt91.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt101.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt111.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt121.00
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IRS990/Form990PartVIISectionAGrp/HighestCompensatedEmployeeInd0X
IRS990/Form990PartVIISectionAGrp/HighestCompensatedEmployeeInd1X
IRS990/Form990PartVIISectionAGrp/HighestCompensatedEmployeeInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd7X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd8X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd9X
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IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd11X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd12X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd13X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd14X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd15X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OfficerInd4X
IRS990/Form990PartVIISectionAGrp/OfficerInd5X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt014638
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt116512
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt214638
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt314638
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt416499
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt5358
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt80
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt90
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt100
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt110
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt120
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt130
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt140
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt150
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt160
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt170
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt180
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt190
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt200
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt210
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt220
IRS990/Form990PartVIISectionAGrp/PersonNm0VINCENT J VUONO CPA
IRS990/Form990PartVIISectionAGrp/PersonNm1COL STUART HELGESON
IRS990/Form990PartVIISectionAGrp/PersonNm2PAUL LEA
IRS990/Form990PartVIISectionAGrp/PersonNm3MAUREEN MALONE
IRS990/Form990PartVIISectionAGrp/PersonNm4RICHARD CASEY
IRS990/Form990PartVIISectionAGrp/PersonNm5WALTER T LORD
IRS990/Form990PartVIISectionAGrp/PersonNm6ERIC SAUL
IRS990/Form990PartVIISectionAGrp/PersonNm7JOHN ENGLISH
IRS990/Form990PartVIISectionAGrp/PersonNm8ROBERT A BACINE ESQ
IRS990/Form990PartVIISectionAGrp/PersonNm9COL JOSEPH A BARTASIUS
IRS990/Form990PartVIISectionAGrp/PersonNm10JAMES DAVIS
IRS990/Form990PartVIISectionAGrp/PersonNm11WILLIAM R FLOYD JR
IRS990/Form990PartVIISectionAGrp/PersonNm12ANTHONY MCINTYRE
IRS990/Form990PartVIISectionAGrp/PersonNm13J KENT MCNEW
IRS990/Form990PartVIISectionAGrp/PersonNm14CONRAD E MUHLY IV
IRS990/Form990PartVIISectionAGrp/PersonNm15DANIEL J REAVY
IRS990/Form990PartVIISectionAGrp/PersonNm16CHRIS ROUSSOS
IRS990/Form990PartVIISectionAGrp/PersonNm17GEORGE H SCHILDGE
IRS990/Form990PartVIISectionAGrp/PersonNm18AUDREY SPANGENBERG
IRS990/Form990PartVIISectionAGrp/PersonNm19JONATHAN TRATT
IRS990/Form990PartVIISectionAGrp/PersonNm20DR CHRISTINE ANNE ROYCE
IRS990/Form990PartVIISectionAGrp/PersonNm21FRANK GUTHRIDGE
IRS990/Form990PartVIISectionAGrp/PersonNm22MARK KELTON
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt0179930
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt1174865
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt2109019
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt3106656
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt4105210
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt556579
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt150
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt160
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt170
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt180
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt190
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt200
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt210
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt220
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt150
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt160
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt170
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt180
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt190
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt200
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt210
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt220
IRS990/Form990PartVIISectionAGrp/TitleTxt0CHIEF FINANCIAL OFFICER(UNTIL 9/20)
IRS990/Form990PartVIISectionAGrp/TitleTxt1PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt2DEAN OF ACADEMY
IRS990/Form990PartVIISectionAGrp/TitleTxt3DEAN OF COLLEGE
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR OF ATHLETICS
IRS990/Form990PartVIISectionAGrp/TitleTxt5PRESIDENT (UNTIL 3/8/19)
IRS990/Form990PartVIISectionAGrp/TitleTxt6CHIEF FINANCIAL OFFICER(AS OF 6/20)
IRS990/Form990PartVIISectionAGrp/TitleTxt7CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt8VICE CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt9BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt10BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt11BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt12BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt13BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt14BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt15BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt16BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt17BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt18BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt19BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt20BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt21BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt22BOARD MEMBER
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/Form990TFiledInd01
IRS990/FormationYr01928
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GainOrLossGrp/SecuritiesAmt0-293380
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt016
IRS990/GovernmentGrantsAmt0406449
IRS990/GrantAmt09714142
IRS990/GrantsToDomesticIndividualsGrp/ProgramServicesAmt09714142
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt09714142
IRS990/GrantsToIndividualsInd01
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt0596600
IRS990/GrossReceiptsAmt025778207
IRS990/GrossRentsGrp/RealAmt049981
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt010
IRS990/IndivRcvdGreaterThan100KCnt05
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt081104
IRS990/InformationTechnologyGrp/TotalAmt081104
IRS990/InterestGrp/FundraisingAmt02305
IRS990/InterestGrp/ManagementAndGeneralAmt020435
IRS990/InterestGrp/ProgramServicesAmt0197618
IRS990/InterestGrp/TotalAmt0220358
IRS990/InventoriesForSaleOrUseGrp/BOYAmt041009
IRS990/InventoriesForSaleOrUseGrp/EOYAmt082404
IRS990/InvestmentIncomeGrp/ExclusionAmt0234073
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0234073
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsPubTradedSecGrp/BOYAmt09800841
IRS990/InvestmentsPubTradedSecGrp/EOYAmt09467167
IRS990/IRPDocumentCnt012
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt036798577
IRS990/LandBldgEquipBasisNetGrp/BOYAmt015660742
IRS990/LandBldgEquipBasisNetGrp/EOYAmt014989173
IRS990/LandBldgEquipCostOrOtherBssAmt051787750
IRS990/LegalDomicileStateCd0PA
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt0889980
IRS990/LessRentalExpensesGrp/RealAmt038447
IRS990/LoanOutstandingInd01
IRS990/LoansFromOfficersDirectorsGrp/EOYAmt0900000
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MiscellaneousRevenueGrp/ExclusionAmt040865
IRS990/MiscellaneousRevenueGrp/TotalRevenueColumnAmt040865
IRS990/MissionDesc0TO EDUCATE CADETS, WITHIN AN ACADEMIC AND MILITARY ENVIRONMENT, TO BE FULLY PREPARED FOR THEIR RESPONSIBILITIES AS CITIZEN LEADERS WHO ARE MENTALLY ALERT, SOUND IN BODY, CONSIDERATE OF OTHERS AND POSSESSED OF THE HIGHEST SENSE OF DUTY, HONOR, LOYALTY, AND COURAGE.TO FOSTER THE LOVE OF GOD AND COUNTRY, HIGH MORAL STANDARDS AND STRONG CHARACTER TRAITS THAT WILL MAKE ALL A CREDIT TO THEMSELVES, THEIR FAMILIES, THEIR ALMA MATER, THEIR COUNTRY, AND THEIR GOD.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt01541626
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt02508929
IRS990/NetAssetsOrFundBalancesBOYAmt033841192
IRS990/NetAssetsOrFundBalancesEOYAmt030749536
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt0-293380
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0-293380
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt011534
IRS990/NetRentalIncomeOrLossGrp/UnrelatedBusinessRevenueAmt011534
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0215457
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt012080701
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt09346270
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/FundraisingAmt037669
IRS990/OccupancyGrp/ManagementAndGeneralAmt0349785
IRS990/OccupancyGrp/ProgramServicesAmt01025330
IRS990/OccupancyGrp/TotalAmt01412784
IRS990/OfficeExpensesGrp/FundraisingAmt025751
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt0171732
IRS990/OfficeExpensesGrp/ProgramServicesAmt01101363
IRS990/OfficeExpensesGrp/TotalAmt01298846
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt010996259
IRS990/OtherAssetsTotalGrp/EOYAmt09256754
IRS990/OtherChangesInNetAssetsAmt010495
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt052146
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt0188765
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0719079
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0959990
IRS990/OtherExpensesGrp/Desc0BAD DEBTS
IRS990/OtherExpensesGrp/Desc1FOOD SERVICE
IRS990/OtherExpensesGrp/Desc2PLANT OPERATIONS
IRS990/OtherExpensesGrp/Desc3UNIFORMS
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt01380004
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt12400
IRS990/OtherExpensesGrp/ProgramServicesAmt01085580
IRS990/OtherExpensesGrp/ProgramServicesAmt1698128
IRS990/OtherExpensesGrp/ProgramServicesAmt2491393
IRS990/OtherExpensesGrp/TotalAmt01380004
IRS990/OtherExpensesGrp/TotalAmt11087980
IRS990/OtherExpensesGrp/TotalAmt2698128

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$45.7$10.8$34.9$11.2$11.0$0.26
2023Detailed filing. Detailed filing data is available for this year.$43.7$10.6$33.1$23.2$18.9$4.33
2022Detailed filing. Detailed filing data is available for this year.$38.6$11.2$27.4$16.9$18.5$1.62
2021Detailed filing. Detailed filing data is available for this year.$40.5$9.15$31.3$14.1$17.9$3.83
2020Detailed filing. Detailed filing data is available for this year.$37.5$6.79$30.7$24.8$28.2$3.32
2019Detailed filing. Detailed filing data is available for this year.$37.9$4.11$33.8$29.6$31.0$1.41
2018Detailed filing. Detailed filing data is available for this year.$41.3$9.99$31.4$26.8$28.7$1.83
2017Detailed filing. Detailed filing data is available for this year.$44.3$11.1$33.1$28.8$28.0$0.72
2016Detailed filing. Detailed filing data is available for this year.$43.9$12.4$31.6$31.1$31.4$0.30
2015Detailed filing. Detailed filing data is available for this year.$43.7$12.1$31.6$31.4$30.2$1.14
2014Detailed filing. Detailed filing data is available for this year.$44.8$13.7$31.1$29.9$30.1$0.21
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$41.9$13.2$28.8$27.5
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$40.4$11.3$29.1$27.6
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$39.0$12.5$26.6$30.8
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$38.3$12.3$26.0$27.7