Civic Intelligence

First State Military Academy

990 • Fiscal year 2022 • EIN 45-0672529

Jul 01, 2021 to Jun 30, 2022 • Filed on May 11, 2023

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

98th percentile

1.55x

Higher debt load relative to assets than 98% of similar nonprofits.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2022

Liabilities / Revenue

92nd percentile

3.43x

Higher debt load relative to revenue than 92% of similar nonprofits.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2022

Net Margin

12th percentile

-18%

Higher net margin than 12% of similar nonprofits.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2022

Top Officer Pay

44th percentile

$161,296

Higher top officer pay than 44% of similar nonprofits.

Top officer pay equals 2.2% of source-year revenue.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2022

Asset Growth

68th percentile

8.4%

Faster asset growth than 68% of similar nonprofits.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2021 to 2022

Revenue Growth

43rd percentile

0.7%

Faster revenue growth than 43% of similar nonprofits.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets98th percentile

Assets

Up

$16,149,457

Up $1,254,467 (+8.4%) from 2021

Net Assets

Down

-$8,942,722

Down $1,312,429 (-17%) from 2021

Liabilities

Up

$25,092,179

Up $2,566,896 (+11%) from 2021

Revenue And Expenses
Liabilities / Revenue92nd percentileNet Margin12th percentile

Revenue

Up

$7,319,999

Up $47,911 (+0.7%) from 2021

Expenses

Up

$8,641,941

Up $475,264 (+5.8%) from 2021

Net Income

Down

-$1,321,942

Down $427,353 (-48%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth68th 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

2022

Assets$16,149,457
Liabilities$25,092,179
Net Assets-$8,942,722
Open 2022 Filing

Operations Trend

Revenue Growth43rd 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

2022

Revenue$7,319,999
Expenses$8,641,941
Net Income-$1,321,942
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2021 to Jun 30, 2022
Signed
May 11, 2023
Return Version
2021v4.2
Gross Receipts
$7,319,999
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$5,323,183$5,433,848▲ $110,665
Cash and Non-Interest-Bearing Accounts$2,255,670$1,964,720▼ $290,950
Accounts Receivable$11,614$81,515▲ $69,901
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Rtn Earn Endowment Incm Other Fnds$-7,630,293$-8,942,722▼ $1,312,429
Total Assets$14,894,990$16,149,457▲ $1,254,467
Other Assets Total$7,304,523$8,669,374▲ $1,364,851
Liabilities
Other Liabilities$15,108,483$17,610,735▲ $2,502,252
Mortgage Notes Payable Secured by Investment Property$6,734,779$6,625,772▼ $109,007
Accounts Payable and Accrued Expenses$682,021$855,672▲ $173,651
Total Liabilities$22,525,283$25,092,179▲ $2,566,896
Net Assets / Fund Balance
Total Net Assets Fund Balance$-7,630,293$-8,942,722▼ $1,312,429
Total Liabilities and Net Assets / Fund Balance$14,894,990$16,149,457▲ $1,254,467

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$5,116,708$940,427$6,057,135
Equipment$216,336$1,195,908$1,412,244
Land$94,290-$94,290
Other Land Buildings$6,514$3,256$9,770
Other Assets Org$1,536,468--
Compensation and Service Providers
Top Officer Pay44th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Patrick GallucciCommandantFT$120,000$41,296$161,296

Board Members and Trustees

NameTitle
Scott KidnerBoard President
Christopher MartinBoard Member
Katherine StarkBoard Member
Kevin YencerBoard Member
Leslie StaplefordBoard Member
Lt Col Len GratteriBoard Member
Raymond OttBoard Member
Reggie CapitanBoard Member
Ryan PayusBoard Member
Jim BergTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$6,945,901
Program Service Revenue
$102,614
Investment Income
$27
Other Revenue
$271,457
All Other Contributions
$180,224
Change in Net Assets
$-1,321,942

Audited Revenue Reconciliation

Revenue per Audited Statements
$7,319,999
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$7,319,999
Total Revenue per Form 990
$7,319,999
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$5,970,022
Other Expenses$2,671,919
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$2,963,611$263,617-$3,227,228
Other Employee Benefits$1,995,891$177,537-$2,173,428
Fees for Services Other$565,364$50,290-$615,654
Depreciation Depletion$335,133$29,811-$364,944
Payroll Taxes$218,755$19,459-$238,214
Pension Plan Contributions$193,904$17,248-$211,152
Interest$168,512$14,989-$183,501
Current Officers, Directors, Trustees, and Key Employees$110,198$9,802-$120,000
Travel$105,604$9,394-$114,998
Occupancy$69,024$6,140-$75,164
Information Technology$66,511$5,916-$72,427
Other Expenses$46,183$4,108-$50,291
Insurance$41,881$3,725-$45,606
All Other Expenses$42,883--$42,883
Office Expenses$24,100$2,144-$26,244
Advertising$20,955$1,864-$22,819
Fees for Services Accounting$20,226$1,799-$22,025
Total Functional Expenses$7,990,396$651,545$0$8,641,941

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$8,641,941
Total Expenses per Audited Statements$8,641,941
Total Expenses per Form 990$8,641,941
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$12,282,661
Deferred Inflows of Resources - Pension$3,086,333
Deferred Inflows of Resources - Opeb$2,234,686
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 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
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
2023-05-11

Organization Details

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

Preparer

Firm
Barbacane Thornton & Company Llp
Address
SUITE 100 503 CARR ROAD, WILMINGTON, DE 19810-4866
Preparer
Timothy Sawyer CPA
Phone
3024788940
Supplemental Narrative

Additional Explanations

Part XII Line 2C

“Process has not changed from the prior year.”

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.”

Raw XML AppendixShowing 400 of 477 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/LandBldgEquipCostOrOtherBssAmt07573439
IRS990/LegalDomicileStateCd0DE
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
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.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt06734779
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt06625772
IRS990/NetAssetsOrFundBalancesBOYAmt0-7630293
IRS990/NetAssetsOrFundBalancesEOYAmt0-8942722
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt06140
IRS990/OccupancyGrp/ProgramServicesAmt069024
IRS990/OccupancyGrp/TotalAmt075164
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt02144
IRS990/OfficeExpensesGrp/ProgramServicesAmt024100
IRS990/OfficeExpensesGrp/TotalAmt026244
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrgDoesNotFollowFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt07304523
IRS990/OtherAssetsTotalGrp/EOYAmt08669374
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt0177537
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt01995891
IRS990/OtherEmployeeBenefitsGrp/TotalAmt02173428
IRS990/OtherExpensesGrp/Desc0STUDENT TRANSPORTATION
IRS990/OtherExpensesGrp/Desc1SUPPLIES & MATERIALS
IRS990/OtherExpensesGrp/Desc2REPAIRS AND MAINTENANCE
IRS990/OtherExpensesGrp/Desc3COMMUNICATIONS
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt020319
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt113383
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt24108
IRS990/OtherExpensesGrp/ProgramServicesAmt0622783
IRS990/OtherExpensesGrp/ProgramServicesAmt1228428
IRS990/OtherExpensesGrp/ProgramServicesAmt2150450
IRS990/OtherExpensesGrp/ProgramServicesAmt346183
IRS990/OtherExpensesGrp/TotalAmt0622783
IRS990/OtherExpensesGrp/TotalAmt1248747
IRS990/OtherExpensesGrp/TotalAmt2163833
IRS990/OtherExpensesGrp/TotalAmt350291
IRS990/OtherLiabilitiesGrp/BOYAmt015108483
IRS990/OtherLiabilitiesGrp/EOYAmt017610735
IRS990/OtherRevenueMiscGrp/BusinessCd0611600
IRS990/OtherRevenueMiscGrp/Desc0MISCELLANEOUS REVNUE
IRS990/OtherRevenueMiscGrp/ExclusionAmt0271457
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0271457
IRS990/OtherRevenueTotalAmt0271457
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0263617
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt02963611
IRS990/OtherSalariesAndWagesGrp/TotalAmt03227228
IRS990/OtherWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt019459
IRS990/PayrollTaxesGrp/ProgramServicesAmt0218755
IRS990/PayrollTaxesGrp/TotalAmt0238214
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt00
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt017248
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt0193904
IRS990/PensionPlanContributionsGrp/TotalAmt0211152
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0SCOTT KIDNER
IRS990/PriorPeriodAdjustmentsAmt09513
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0611110
IRS990/ProgramServiceRevenueGrp/BusinessCd1611110
IRS990/ProgramServiceRevenueGrp/Desc0SCHOOL PROGRAMS
IRS990/ProgramServiceRevenueGrp/Desc1FOOD SERVICE
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt099054
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt13560
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt099054
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt13560
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt07168395
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt021558
IRS990/PYOtherExpensesAmt02118361
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt082135
IRS990/PYRevenuesLessExpensesAmt0-894589
IRS990/PYSalariesCompEmpBnftPaidAmt06048316
IRS990/PYTotalExpensesAmt08166677
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt07272088
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-1321942
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0102614
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt0-7630293
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt0-8942722
IRS990ScheduleA/SchoolInd0X
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt05116708
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0940427
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt06057135
IRS990ScheduleD/EquipmentGrp/BookValueAmt0216336
IRS990ScheduleD/EquipmentGrp/DepreciationAmt01195908
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt01412244
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt08641941
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt094290
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt094290
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt01290522
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt15842384
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt21536468
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0DEFERRED OUTFLOWS RELATED TO PENSION
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1DEFERRED OUTFLOWS RELATED TO OPEB
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2NET PENSION ASSET
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt06514
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt03256
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt09770
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt07055
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt112282661
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt22234686
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt33086333
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0RELATED PARTY NOTE PAYABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1OPEB LIABILITY
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2DEFERRED INFLOWS OF RESOURCES - OPEB
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3DEFERRED INFLOWS OF RESOURCES - PENSION
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt07319999
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/TotalBookValueLandBuildingsAmt05433848
IRS990ScheduleD/TotalBookValueOtherAssetsAmt08669374
IRS990ScheduleD/TotalExpensesPerForm990Amt08641941
IRS990ScheduleD/TotalLiabilityAmt017610735
IRS990ScheduleD/TotalRevenuePerForm990Amt07319999
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt07319999
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt08641941
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
IRS990/ScheduleJRequiredInd00
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/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
IRS990/SchoolOperatingInd01
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00

Document Assets

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Filings

Displayed year

2022 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$16,149,457
Liabilities
$25,092,179
Net assets
-$8,942,722
Revenue
$7,319,999
Expenses
$8,641,941
Net income
-$1,321,942
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