Civic Intelligence

First State Military Academy

990 • Fiscal year 2023 • EIN 45-0672529

Jul 01, 2022 to Jun 30, 2023 • Filed on May 06, 2024

Organization ProfileWWW.FIRSTSTATEMILITARYACADEMY.ORG
355 West Duck Creek RoadClayton, DE 19938-0888

(302) 223-2140

Siviq Scores

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

Liabilities / Assets

99th percentile

1.80x

Higher debt load relative to assets than 99% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2023

Liabilities / Revenue

92nd percentile

3.16x

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

2023 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2023

Net Margin

12th percentile

-22%

Higher net margin than 12% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2023

Top Officer Pay

34th percentile

$139,333

Higher top officer pay than 34% of similar nonprofits.

Top officer pay equals 1.8% of source-year revenue.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2023

Asset Growth

4th percentile

-17%

Faster asset growth than 4% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2022 to 2023

Revenue Growth

46th percentile

3.7%

Faster revenue growth than 46% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets99th percentile

Assets

Down

$13,339,199

Down $2,810,258 (-17%) from 2022

Net Assets

Down

-$10,619,381

Down $1,676,659 (-19%) from 2022

Liabilities

Down

$23,958,580

Down $1,133,599 (-4.5%) from 2022

Revenue And Expenses
Liabilities / Revenue92nd percentileNet Margin12th percentile

Revenue

Up

$7,588,163

Up $268,164 (+3.7%) from 2022

Expenses

Up

$9,264,822

Up $622,881 (+7.2%) from 2022

Net Income

Down

-$1,676,659

Down $354,717 (-27%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth4th 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

2023

Assets$13,339,199
Liabilities$23,958,580
Net Assets-$10,619,381
Open 2023 Filing

Operations Trend

Revenue Growth46th 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

2023

Revenue$7,588,163
Expenses$9,264,822
Net Income-$1,676,659
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2022 to Jun 30, 2023
Signed
May 6, 2024
Return Version
2022v5.0
Gross Receipts
$7,588,163
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$5,433,848$5,269,567▼ $164,281
Cash and Non-Interest-Bearing Accounts$1,964,720$1,636,424▼ $328,296
Accounts Receivable$81,515$56,761▼ $24,754
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Rtn Earn Endowment Incm Other Fnds$-8,942,722$-10,619,381▼ $1,676,659
Total Assets$16,149,457$13,339,199▼ $2,810,258
Other Assets Total$8,669,374$6,376,447▼ $2,292,927
Liabilities
Other Liabilities$17,610,735$16,712,350▼ $898,385
Mortgage Notes Payable Secured by Investment Property$6,625,772$6,503,688▼ $122,084
Accounts Payable and Accrued Expenses$855,672$742,542▼ $113,130
Total Liabilities$25,092,179$23,958,580▼ $1,133,599
Net Assets / Fund Balance
Total Net Assets Fund Balance$-8,942,722$-10,619,381▼ $1,676,659
Total Liabilities and Net Assets / Fund Balance$16,149,457$13,339,199▼ $2,810,258

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$4,963,319$1,093,816$6,057,135
Equipment$208,702$1,308,070$1,516,772
Land$94,290-$94,290
Other Land Buildings$3,256$6,514$9,770
Other Assets Org$4,968,851--
Compensation and Service Providers
Top Officer Pay34th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Lilyana AusterPrincipalFT$115,000$24,333$139,333
Blair NewmanPrincipalFT$102,500$36,158$138,658

Board Members and Trustees

NameTitle
C Scott KidnerBoard President
Christopher MartinBoard Member
George BaileyBoard Member
Heather ContantBoard Member
Katherine StarkBoard Member
Kevin YencerBoard Member
Lt Col Len GratteriBoard Member
Raymond OttBoard Member
Reggie CapitanBoard Member
Ronald Vascik JrBoard Member
Ryan PayusBoard Member
Revenue and Support

Revenue Composition

Contributions and Grants
$7,168,752
Program Service Revenue
$6,514
Investment Income
$122
Other Revenue
$412,775
All Other Contributions
$10,261
Change in Net Assets
$-1,676,659

Audited Revenue Reconciliation

Revenue per Audited Statements
$7,588,163
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$7,588,163
Total Revenue per Form 990
$7,588,163
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$6,653,358
Other Expenses$2,611,464
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$2,637,037$760,496-$3,397,533
Other Employee Benefits$1,421,101$409,832-$1,830,933
Pension Plan Contributions$729,513$210,384-$939,897
Fees for Services Other$337,713$97,393-$435,106
Depreciation Depletion$208,639$60,169-$268,808
Payroll Taxes$207,620$59,875-$267,495
Current Officers, Directors, Trustees, and Key Employees$168,815$48,685-$217,500
Interest$140,032$40,384-$180,416
Information Technology$91,275$26,323-$117,598
Travel$67,514$19,471-$86,985
Occupancy$57,503$16,583-$74,086
Other Expenses$67,371$38,884-$67,371
All Other Expenses$49,851$3,973-$53,824
Insurance$38,679$11,155-$49,834
Fees for Services Accounting$19,808$5,712-$25,520
Advertising$17,178$4,954-$22,132
Fees for Services Legal$17,159$4,949-$22,108
Office Expenses$13,225$3,813-$17,038
Total Functional Expenses$7,381,815$1,883,007$0$9,264,822

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$9,264,822
Total Expenses per Audited Statements$9,264,822
Total Expenses per Form 990$9,264,822
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$10,998,181
Deferred Inflows of Resources - Opeb$3,875,434
Pension Liability$1,831,680
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 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
3022232140
Address
355 WEST DUCK CREEK ROAD, CLAYTON, DE 19938-0888
Doing Business As
First State Military Academy

Signing Officer

Name
Scott Kidner
Title
Chairman
Phone
3022232150
Signed
2024-05-06

Organization Details

Principal Officer
Scott Kidner
Formed
2011
Legal Domicile
De
Voting Board Members
11
Independent Board Members
11
Employees
0
Volunteers
0

Preparer

Firm
Barbacane Thornton & Company Llp
Address
503 CARR ROAD SUITE 100, WILMINGTON, DE 19809-2863
Phone
3024788940
Supplemental Narrative

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 483 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/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt011
IRS990/IndivRcvdGreaterThan100KCnt02
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt026323
IRS990/InformationTechnologyGrp/ProgramServicesAmt091275
IRS990/InformationTechnologyGrp/TotalAmt0117598
IRS990/InsuranceGrp/ManagementAndGeneralAmt011155
IRS990/InsuranceGrp/ProgramServicesAmt038679
IRS990/InsuranceGrp/TotalAmt049834
IRS990/InterestGrp/ManagementAndGeneralAmt040384
IRS990/InterestGrp/ProgramServicesAmt0140032
IRS990/InterestGrp/TotalAmt0180416
IRS990/InvestmentIncomeGrp/ExclusionAmt0122
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0122
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt02408400
IRS990/LandBldgEquipBasisNetGrp/BOYAmt05433848
IRS990/LandBldgEquipBasisNetGrp/EOYAmt05269567
IRS990/LandBldgEquipCostOrOtherBssAmt07677967
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/BOYAmt06625772
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt06503688
IRS990/NetAssetsOrFundBalancesBOYAmt0-8942722
IRS990/NetAssetsOrFundBalancesEOYAmt0-10619381
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt016583
IRS990/OccupancyGrp/ProgramServicesAmt057503
IRS990/OccupancyGrp/TotalAmt074086
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt03813
IRS990/OfficeExpensesGrp/ProgramServicesAmt013225
IRS990/OfficeExpensesGrp/TotalAmt017038
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrgDoesNotFollowFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt08669374
IRS990/OtherAssetsTotalGrp/EOYAmt06376447
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt0409832
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt01421101
IRS990/OtherEmployeeBenefitsGrp/TotalAmt01830933
IRS990/OtherExpensesGrp/Desc0STUDENT TRANSPORTATION
IRS990/OtherExpensesGrp/Desc1SUPPLIES AND MATERIALS
IRS990/OtherExpensesGrp/Desc2REPAIRS AND MAINTENANCE
IRS990/OtherExpensesGrp/Desc3INSTRUCTIONAL SUPPLIES
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt059972
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt138884
IRS990/OtherExpensesGrp/ProgramServicesAmt0748995
IRS990/OtherExpensesGrp/ProgramServicesAmt1207957
IRS990/OtherExpensesGrp/ProgramServicesAmt2134830
IRS990/OtherExpensesGrp/ProgramServicesAmt367371
IRS990/OtherExpensesGrp/TotalAmt0748995
IRS990/OtherExpensesGrp/TotalAmt1267929
IRS990/OtherExpensesGrp/TotalAmt2173714
IRS990/OtherExpensesGrp/TotalAmt367371
IRS990/OtherLiabilitiesGrp/BOYAmt017610735
IRS990/OtherLiabilitiesGrp/EOYAmt016712350
IRS990/OtherRevenueMiscGrp/BusinessCd0611600
IRS990/OtherRevenueMiscGrp/Desc0MISCELLANEOUS REVENUE
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt0412775
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0412775
IRS990/OtherRevenueTotalAmt0412775
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0760496
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt02637037
IRS990/OtherSalariesAndWagesGrp/TotalAmt03397533
IRS990/OtherWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt059875
IRS990/PayrollTaxesGrp/ProgramServicesAmt0207620
IRS990/PayrollTaxesGrp/TotalAmt0267495
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt00
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt0210384
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt0729513
IRS990/PensionPlanContributionsGrp/TotalAmt0939897
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0SCOTT KIDNER
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0611110
IRS990/ProgramServiceRevenueGrp/Desc0SCHOOL PROGRAMS
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt06514
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt06514
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt06945901
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt027
IRS990/PYOtherExpensesAmt02671919
IRS990/PYOtherRevenueAmt0271457
IRS990/PYProgramServiceRevenueAmt0102614
IRS990/PYRevenuesLessExpensesAmt0-1321942
IRS990/PYSalariesCompEmpBnftPaidAmt05970022
IRS990/PYTotalExpensesAmt08641941
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt07319999
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0-1676659
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt06514
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt0-8942722
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt0-10619381
IRS990ScheduleA/SchoolInd0X
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt04963319
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01093816
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt06057135
IRS990ScheduleD/EquipmentGrp/BookValueAmt0208702
IRS990ScheduleD/EquipmentGrp/DepreciationAmt01308070
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt01516772
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt09264822
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt094290
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt094290
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt01407596
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt14968851
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0DEFERRED OUTFLOWS RELATED TO PENSION
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1DEFERRED OUTFLOWS RELATED TO OPEB
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt03256
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt06514
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt09770
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt07055
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt110998181
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt23875434
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt31831680
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0RELATED PARTY NOTE PAYABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1OPEB LIABILITY
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2DEFERRED INFLOWS OF RESOURCES - OPEB
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3PENSION LIABILITY
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt07588163
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/TotalBookValueLandBuildingsAmt05269567
IRS990ScheduleD/TotalBookValueOtherAssetsAmt06376447
IRS990ScheduleD/TotalExpensesPerForm990Amt09264822
IRS990ScheduleD/TotalLiabilityAmt016712350
IRS990ScheduleD/TotalRevenuePerForm990Amt07588163
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt07588163
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt09264822
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/ExplanationTxt2PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, PART I, LINE 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE E, PART I, LINE 6
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc2PART XII LINE 2C
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'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST.
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 19
IRS990/SchoolOperatingInd01
IRS990/SignificantChangeInd00

Document Assets

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Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$13,339,199
Liabilities
$23,958,580
Net assets
-$10,619,381
Revenue
$7,588,163
Expenses
$9,264,822
Net income
-$1,676,659
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