Civic Intelligence

First State Military Academy

990 • Fiscal year 2018 • EIN 45-0672529

Jul 01, 2017 to Jun 30, 2018 • Filed on Mar 04, 2019

Organization ProfileWWW.FIRSTSTATEMILITARYACADEMY.ORG
355 W Duck Creek Road PO Box 888Clayton, DE 19901

(302) 223-2150

Siviq Scores

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

Liabilities / Assets

97th percentile

1.51x

Higher debt load relative to assets than 97% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2018

Liabilities / Revenue

91st percentile

2.77x

Higher debt load relative to revenue than 91% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2018

Net Margin

19th percentile

-9.2%

Higher net margin than 19% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2018

Top Officer Pay

62nd percentile

$151,206

Higher top officer pay than 62% of similar nonprofits.

Top officer pay equals 2.9% of source-year revenue.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2018

Asset Growth

91st percentile

38%

Faster asset growth than 91% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2017 to 2018

Revenue Growth

87th percentile

44%

Faster revenue growth than 87% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets97th percentile

Assets

Up

$9,694,200

Up $2,662,319 (+38%) from 2017

Net Assets

Down

-$4,907,347

Down $3,900,793 (-388%) from 2017

Liabilities

Up

$14,601,547

Up $6,563,112 (+82%) from 2017

Revenue And Expenses
Liabilities / Revenue91st percentileNet Margin19th percentile

Revenue

Up

$5,271,988

Up $1,600,237 (+44%) from 2017

Expenses

Up

$5,755,775

Up $1,709,713 (+42%) from 2017

Net Income

Down

-$483,787

Down $109,476 (-29%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth91st percentile

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

$30M$20M$10M$0-$10M-$20MAssets 2013: $305,631Liabilities 2013: $650Net Assets 2013: $304,9812013Assets 2014: $2,729,064Liabilities 2014: $2,156,997Net Assets 2014: $572,0672014Assets 2015: $5,993,882Liabilities 2015: $6,199,211Net Assets 2015: -$205,3292015Assets 2016: $6,514,350Liabilities 2016: $7,146,593Net Assets 2016: -$632,2432016Assets 2017: $7,031,881Liabilities 2017: $8,038,435Net Assets 2017: -$1,006,5542017Assets 2018: $9,694,200Liabilities 2018: $14,601,547Net Assets 2018: -$4,907,3472018Assets 2019: $11,367,607Liabilities 2019: $17,344,618Net Assets 2019: -$5,977,0112019Assets 2020: $12,682,234Liabilities 2020: $19,417,938Net Assets 2020: -$6,735,7042020Assets 2021: $14,894,990Liabilities 2021: $22,525,283Net Assets 2021: -$7,630,2932021Assets 2022: $16,149,457Liabilities 2022: $25,092,179Net Assets 2022: -$8,942,7222022Assets 2023: $13,339,199Liabilities 2023: $23,958,580Net Assets 2023: -$10,619,3812023Assets 2024: $12,074,713Liabilities 2024: $23,734,934Net Assets 2024: -$11,660,2212024Assets 2025: $10,992,535Liabilities 2025: $22,444,946Net Assets 2025: -$11,452,4112025

Highlighted filing

2018

Assets$9,694,200
Liabilities$14,601,547
Net Assets-$4,907,347
Open 2018 Filing

Operations Trend

Revenue Growth87th percentile

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

$10M$5.0M$0-$5.0MRevenue 2013: $325,018Expenses 2013: $20,037Net Income 2013: $304,9812013Revenue 2014: $368,541Expenses 2014: $101,455Net Income 2014: $267,0862014Revenue 2015: $1,140,036Expenses 2015: $1,951,186Net Income 2015: -$811,1502015Revenue 2016: $1,207,150Expenses 2016: $1,634,064Net Income 2016: -$426,9142016Revenue 2017: $3,671,751Expenses 2017: $4,046,062Net Income 2017: -$374,3112017Revenue 2018: $5,271,988Expenses 2018: $5,755,775Net Income 2018: -$483,7872018Revenue 2019: $5,618,784Expenses 2019: $6,688,448Net Income 2019: -$1,069,6642019Revenue 2020: $6,534,623Expenses 2020: $7,293,316Net Income 2020: -$758,6932020Revenue 2021: $7,272,088Expenses 2021: $8,166,677Net Income 2021: -$894,5892021Revenue 2022: $7,319,999Expenses 2022: $8,641,941Net Income 2022: -$1,321,9422022Revenue 2023: $7,588,163Expenses 2023: $9,264,822Net Income 2023: -$1,676,6592023Revenue 2024: $7,068,801Expenses 2024: $8,109,641Net Income 2024: -$1,040,8402024Revenue 2025: $7,732,804Expenses 2025: $7,524,994Net Income 2025: $207,8102025

Highlighted filing

2018

Revenue$5,271,988
Expenses$5,755,775
Net Income-$483,787
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
Mar 4, 2019
Return Version
2017v2.3
Gross Receipts
$5,271,988
Mission and Program Overview

Mission

The mission of the first state military academy is to provide an education experience that focuses on the intellectual, physical, and emotional growth of the child. Our school will provide a structed learning evironment and a strong culture of academic rigour, military discipline, citizenship, and leadership, and the application of strong moral values. Graduates will develop respect for themselves, those on whom they depend, and those that depend on them, ensuring successful entry into adult life.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$5,995,893$5,901,416▼ $94,477
Cash and Non-Interest-Bearing Accounts$371,878$673,761▲ $301,883
Accounts Receivable$5,493$14,219▲ $8,726
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Rtn Earn Endowment Incm Other Fnds$-1,006,554$-4,907,347▼ $3,900,793
Total Assets$7,031,881$9,694,200▲ $2,662,319
Other Assets Total$658,617$3,104,804▲ $2,446,187
Liabilities
Other Liabilities$631,858$7,015,693▲ $6,383,835
Mortgage Notes Payable Secured by Investment Property$6,930,000$6,930,000→ $0
Accounts Payable and Accrued Expenses$476,577$655,854▲ $179,277
Total Liabilities$8,038,435$14,601,547▲ $6,563,112
Net Assets / Fund Balance
Total Net Assets Fund Balance$-1,006,554$-4,907,347▼ $3,900,793
Total Liabilities and Net Assets / Fund Balance$7,031,881$9,694,200▲ $2,662,319

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$5,162,837$356,682$5,519,519
Equipment$644,289$413,259$1,057,548
Land$94,290-$94,290
Other Assets Org$2,156,405--
Compensation and Service Providers
Top Officer Pay62nd percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Patrick GallucciCommandantFT$103,900$47,306$151,206

Board Members and Trustees

NameTitle
Scott KidnerBoard President
Christopher MartinBoard Member
Dawn Marie FioreBoard Member
Jennifer DurhamBoard Member
Jim BergBoard Member
Kevin YencerBoard Member
Reggie CapitanBoard Member
Sean ToddBoard Member
Sharon SackBoard Member
Revenue and Support

Revenue Composition

Contributions and Grants
$5,141,630
Program Service Revenue
$127,782
Investment Income
$2,576
Other Revenue
$0
Change in Net Assets
$-483,787

Audited Revenue Reconciliation

Revenue per Audited Statements
$5,271,988
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$5,271,988
Total Revenue per Form 990
$5,271,988
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$3,561,691
Other Expenses$2,194,084
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,424,623$562,299-$1,986,922
Other Employee Benefits$629,334$248,398-$877,732
Pension Plan Contributions$269,064$106,199-$375,263
Fees for Services Other$306,701$24,839-$331,540
Depreciation Depletion$261,027$21,140-$282,167
Interest$178,486$14,455-$192,941
Other Expenses$173,181$14,026-$187,207
Payroll Taxes$162,290$13,144-$175,434
Current Officers, Directors, Trustees, and Key Employees$104,926$41,414-$146,340
Occupancy$78,976$6,396-$85,372
Office Expenses$41,286$3,344-$44,630
Insurance$31,138$2,522-$33,660
Travel$18,951$1,535-$20,486
Fees for Services Accounting$17,114$1,386-$18,500
Total Functional Expenses$4,619,938$1,135,837$0$5,755,775

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$5,755,775
Total Expenses per Audited Statements$5,755,775
Total Expenses per Form 990$5,755,775
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Opeb Liability$5,376,130
Pension Liablity$977,015
Deferred Inflows of Resources - Opeb$638,268
Deferred Inflows of Resources - Pension$17,225
Related Party Note Payable$7,055
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
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
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

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

“Form 990 is reviewed and approved by the board prior to its filing.”

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

“Board members are asked to disclose any conflict of interest on an annual basis.”

Form 990, Part VI, Section B, Line 15

“The board of directors determine compensation for the organization's top management officials.”

Form 990, Part VI, Section C, Line 18

“The organization will make form 990 upon request. Additionally, form 990 will be available on guidestar.org.”

Form 990, Part VI, Section C, Line 19

“The organization's governing documents, conflict of interest policy, and financial statements are available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
First State Military Academy
EIN
45-0672529
Phone
3022232150
Address
355 W DUCK CREEK ROAD PO BOX 888, CLAYTON, DE 19901

Signing Officer

Name
Scott Kidner
Title
Chairman
Phone
3022232150
Signed
2019-03-04

Organization Details

Principal Officer
Scott Kidner
Formed
2011
Legal Domicile
De
Voting Board Members
9
Independent Board Members
9
Employees
0
Volunteers
9

Preparer

Firm
Barbacane Thornton & Company Llp
Address
200 SPRINGER BLDG 3411 SILVERSIDE, RD, WILMINGTON, DE 19810-4866
Preparer
Jeffrey a Kowalczyk CPA
Phone
3024788940
Supplemental Narrative

Additional Explanations

Part XII Line 2C

“Process has not changed from the prior year.”

Form 990, Part V, Line 1A

“All individuals working for first state military academy are employees of the state of delaware. Accordingly, the organization did not issue any w-2 forms.”

Financial Statement Notes

PART X, LINE 2:

“The academy is exempt from federal income tax under section 501(c)(3) of the internal revenue code and, therefore, has no provision for federal income taxes. The academy qualifies for the charitable contribution deduction under section 170(b)(1)(a) and has been classified as an organization that is not a private foundation under section 509(a)(2). The academy did not engage in any unrelated business activities during the fiscal year. Management believes it is more likely than not that its tax-exempt status and tax positions will be sustained if examined by authorities.”

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IRS990/MissionDesc0THE MISSION OF THE FIRST STATE MILITARY ACADEMY IS TO PROVIDE AN EDUCATION EXPERIENCE THAT FOCUSES ON THE INTELLECTUAL, PHYSICAL, AND EMOTIONAL GROWTH OF THE CHILD. OUR SCHOOL WILL PROVIDE A STRUCTED LEARNING EVIRONMENT AND A STRONG CULTURE OF ACADEMIC RIGOUR, MILITARY DISCIPLINE, CITIZENSHIP, AND LEADERSHIP, AND THE APPLICATION OF STRONG MORAL VALUES. GRADUATES WILL DEVELOP RESPECT FOR THEMSELVES, THOSE ON WHOM THEY DEPEND, AND THOSE THAT DEPEND ON THEM, ENSURING SUCCESSFUL ENTRY INTO ADULT LIFE.
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IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt06396
IRS990/OccupancyGrp/ProgramServicesAmt078976
IRS990/OccupancyGrp/TotalAmt085372
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt03344
IRS990/OfficeExpensesGrp/ProgramServicesAmt041286
IRS990/OfficeExpensesGrp/TotalAmt044630
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrgDoesNotFollowSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0658617
IRS990/OtherAssetsTotalGrp/EOYAmt03104804
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt0248398
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0629334
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0877732
IRS990/OtherExpensesGrp/Desc0STUDENT TRANSPORTATION
IRS990/OtherExpensesGrp/Desc1INSTRUCTIONAL SUPPLIES
IRS990/OtherExpensesGrp/Desc2OTHER SUPPLIES
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt049428
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt125312
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt214026
IRS990/OtherExpensesGrp/ProgramServicesAmt0610304
IRS990/OtherExpensesGrp/ProgramServicesAmt1312537
IRS990/OtherExpensesGrp/ProgramServicesAmt2173181
IRS990/OtherExpensesGrp/TotalAmt0659732
IRS990/OtherExpensesGrp/TotalAmt1337849
IRS990/OtherExpensesGrp/TotalAmt2187207
IRS990/OtherLiabilitiesGrp/BOYAmt0631858
IRS990/OtherLiabilitiesGrp/EOYAmt07015693
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0562299
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt01424623
IRS990/OtherSalariesAndWagesGrp/TotalAmt01986922
IRS990/OtherWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt013144
IRS990/PayrollTaxesGrp/ProgramServicesAmt0162290
IRS990/PayrollTaxesGrp/TotalAmt0175434
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt00
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt0106199
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt0269064
IRS990/PensionPlanContributionsGrp/TotalAmt0375263
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0SCOTT KIDNER
IRS990/PriorPeriodAdjustmentsAmt0-3417006
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0611110
IRS990/ProgramServiceRevenueGrp/BusinessCd1611110
IRS990/ProgramServiceRevenueGrp/Desc0SCHOOL PROGRAMS
IRS990/ProgramServiceRevenueGrp/Desc1FOOD SERVICE
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt069655
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt158127
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt069655
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt158127
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt03498999
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt05169
IRS990/PYOtherExpensesAmt01957111
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt0167583
IRS990/PYRevenuesLessExpensesAmt0-374311
IRS990/PYSalariesCompEmpBnftPaidAmt02088951
IRS990/PYTotalExpensesAmt04046062
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt03671751
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-483787
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0127782
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt0-1006554
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt0-4907347
IRS990ScheduleA/SchoolInd0X
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt05162837
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0356682
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt05519519
IRS990ScheduleD/EquipmentGrp/BookValueAmt0644289
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0413259
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt01057548
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt05755775
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt094290
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt094290
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0948399
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt12156405
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0DEFERRED OUTFLOWS RELATED TO PENSION
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1DEFERRED OUTFLOWS RELATED TO OPEB
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0977015
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt17055
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt25376130
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt3638268
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt417225
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0PENSION LIABLITY
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1RELATED PARTY NOTE PAYABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2OPEB LIABILITY
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3DEFERRED INFLOWS OF RESOURCES - OPEB
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc4DEFERRED INFLOWS OF RESOURCES - PENSION
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt05271988
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ACADEMY IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND, THEREFORE, HAS NO PROVISION FOR FEDERAL INCOME TAXES. THE ACADEMY QUALIFIES FOR THE CHARITABLE CONTRIBUTION DEDUCTION UNDER SECTION 170(B)(1)(A) AND HAS BEEN CLASSIFIED AS AN ORGANIZATION THAT IS NOT A PRIVATE FOUNDATION UNDER SECTION 509(A)(2). THE ACADEMY DID NOT ENGAGE IN ANY UNRELATED BUSINESS ACTIVITIES DURING THE FISCAL YEAR. MANAGEMENT BELIEVES IT IS MORE LIKELY THAN NOT THAT ITS TAX-EXEMPT STATUS AND TAX POSITIONS WILL BE SUSTAINED IF EXAMINED BY AUTHORITIES.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt05901416
IRS990ScheduleD/TotalBookValueOtherAssetsAmt03104804
IRS990ScheduleD/TotalExpensesPerForm990Amt05755775
IRS990ScheduleD/TotalLiabilityAmt07015693
IRS990ScheduleD/TotalRevenuePerForm990Amt05271988
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt05271988
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt05755775
IRS990ScheduleE/ComplianceWithRevProc7550Ind01
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd00
IRS990ScheduleE/DiscriminateRaceAthltProgInd00
IRS990ScheduleE/DiscriminateRaceEducPlcyInd00
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd00
IRS990ScheduleE/DiscriminateRaceOtherActyInd00
IRS990ScheduleE/DiscriminateRaceSchsInd00
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd00
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd00
IRS990ScheduleE/GovernmentFinancialAidRcvdInd01
IRS990ScheduleE/GovernmentFinancialAidRvkdInd00
IRS990ScheduleE/MaintainCpyOfAllSolInd01
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd01
IRS990ScheduleE/MaintainRacialCompRecsInd01
IRS990ScheduleE/MaintainScholarshipsRecsInd01
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd01
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd01
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd01
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0THE SCHOOL PUBLICIZES ITS NONDISCRIMINATION POLICY ON THEIR EMAILS, ON ITS WEBSITE, AND ON OTHER PUBLISHED COMMUNCATIONS.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1RECEIVES MAJORITY OF FUNDING FROM STATE OF DELAWARE, FEDERAL GOVT, AND LOCAL SCHOOL DISTRICTS IN ADDITION TO CONTRIBUTIONS FROM ARMED FORCES.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, PART I, LINE 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE E, PART I, LINE 6
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0103900
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt022893
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt024413
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0PATRICK GALLUCCI
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0COMMANDANT
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0151206
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt00
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0FORM 990 IS REVIEWED AND APPROVED BY THE BOARD PRIOR TO ITS FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1BOARD MEMBERS ARE ASKED TO DISCLOSE ANY CONFLICT OF INTEREST ON AN ANNUAL BASIS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE BOARD OF DIRECTORS DETERMINE COMPENSATION FOR THE ORGANIZATION'S TOP MANAGEMENT OFFICIALS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION WILL MAKE FORM 990 UPON REQUEST. ADDITIONALLY, FORM 990 WILL BE AVAILABLE ON GUIDESTAR.ORG.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6ALL INDIVIDUALS WORKING FOR FIRST STATE MILITARY ACADEMY ARE EMPLOYEES OF THE STATE OF DELAWARE. ACCORDINGLY, THE ORGANIZATION DID NOT ISSUE ANY W-2 FORMS.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 18
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5PART XII LINE 2C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART V, LINE 1A
IRS990/SchoolOperatingInd01
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt07031881

Document Assets

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Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$9,694,200
Liabilities
$14,601,547
Net assets
-$4,907,347
Revenue
$5,271,988
Expenses
$5,755,775
Net income
-$483,787
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$11.0$22.4$11.5$7.73$7.52$0.21
2024Detailed filing. Detailed filing data is available for this year.$12.1$23.7$11.7$7.07$8.11$1.04
2023Detailed filing. Detailed filing data is available for this year.$13.3$24.0$10.6$7.59$9.26$1.68
2022Detailed filing. Detailed filing data is available for this year.$16.1$25.1$8.94$7.32$8.64$1.32
2021Detailed filing. Detailed filing data is available for this year.$14.9$22.5$7.63$7.27$8.17$0.89
2020Detailed filing. Detailed filing data is available for this year.$12.7$19.4$6.74$6.53$7.29$0.76
2019Detailed filing. Detailed filing data is available for this year.$11.4$17.3$5.98$5.62$6.69$1.07
2018Detailed filing. Detailed filing data is available for this year.$9.69$14.6$4.91$5.27$5.76$0.48
2017Detailed filing. Detailed filing data is available for this year.$7.03$8.04$1.01$3.67$4.05$0.37
2016Summary only. Only limited summary data is available for this year.$6.51$7.15$0.63$1.21$1.63$0.43
2015Detailed filing. Detailed filing data is available for this year.$5.99$6.20$0.21$1.14$1.95$0.81
2014Detailed filing. Detailed filing data is available for this year.$2.73$2.16$0.57$0.37$0.10$0.27
2013Detailed filing. Detailed filing data is available for this year.$0.31$0.00$0.30$0.33$0.02$0.30