Civic Intelligence

First State Military Academy

990 • Fiscal year 2024 • EIN 45-0672529

Jul 01, 2023 to Jun 30, 2024 • Filed on May 12, 2025

Organization ProfileWWW..FSMILITARY.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

1.97x

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

2024 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2024

Liabilities / Revenue

92nd percentile

3.36x

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

2024 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2024

Net Margin

14th percentile

-15%

Higher net margin than 14% of similar nonprofits.

2024 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2024

Top Officer Pay

37th percentile

$150,275

Higher top officer pay than 37% of similar nonprofits.

Top officer pay equals 2.1% of source-year revenue.

2024 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2024

Asset Growth

10th percentile

-9.5%

Faster asset growth than 10% of similar nonprofits.

2024 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2023 to 2024

Revenue Growth

22nd percentile

-6.8%

Faster revenue growth than 22% of similar nonprofits.

2024 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets99th percentile

Assets

Down

$12,074,713

Down $1,264,486 (-9.5%) from 2023

Net Assets

Down

-$11,660,221

Down $1,040,840 (-9.8%) from 2023

Liabilities

Down

$23,734,934

Down $223,646 (-0.9%) from 2023

Revenue And Expenses
Liabilities / Revenue92nd percentileNet Margin14th percentile

Revenue

Down

$7,068,801

Down $519,362 (-6.8%) from 2023

Expenses

Down

$8,109,641

Down $1,155,181 (-12%) from 2023

Net Income

Up

-$1,040,840

Up $635,819 (+38%) from 2023

Historical Trend

Balance Sheet Trend

Asset Growth10th 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

2024

Assets$12,074,713
Liabilities$23,734,934
Net Assets-$11,660,221
Open 2024 Filing

Operations Trend

Revenue Growth22nd 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

2024

Revenue$7,068,801
Expenses$8,109,641
Net Income-$1,040,840
Open 2024 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
May 12, 2025
Return Version
2023v6.0
Gross Receipts
$7,068,801
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$5,269,567$5,147,890▼ $121,677
Cash and Non-Interest-Bearing Accounts$1,636,424$1,518,393▼ $118,031
Accounts Receivable$56,761$28,222▼ $28,539
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Rtn Earn Endowment Incm Other Fnds$-10,619,381$-11,660,221▼ $1,040,840
Total Assets$13,339,199$12,074,713▼ $1,264,486
Other Assets Total$6,376,447$5,380,208▼ $996,239
Liabilities
Other Liabilities$16,712,350$16,732,660▲ $20,310
Mortgage Notes Payable Secured by Investment Property$6,503,688$6,378,202▼ $125,486
Accounts Payable and Accrued Expenses$742,542$624,072▼ $118,470
Total Liabilities$23,958,580$23,734,934▼ $223,646
Net Assets / Fund Balance
Total Net Assets Fund Balance$-10,619,381$-11,660,221▼ $1,040,840
Total Liabilities and Net Assets / Fund Balance$13,339,199$12,074,713▼ $1,264,486

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$4,809,931$1,247,204$6,057,135
Equipment$243,669$1,395,779$1,639,448
Land$94,290-$94,290
Other Land Buildings$0$9,770$9,770
Other Assets Org$3,680,962--
Compensation and Service Providers
Top Officer Pay37th percentile

Employees

NameTitleBaseOtherTotal
Blair NewmanPrincipal$118,000$32,275$150,275

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
$6,607,928
Program Service Revenue
$76,903
Investment Income
$77,254
Other Revenue
$306,716
Change in Net Assets
$-1,040,840

Audited Revenue Reconciliation

Revenue per Audited Statements
$7,068,801
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$7,068,801
Total Revenue per Form 990
$7,068,801
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$5,813,446
Other Expenses$2,296,195
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$2,403,802$634,358-$3,038,160
Other Employee Benefits$1,289,111$340,194-$1,629,305
Pension Plan Contributions$600,385$158,441-$758,826
Depreciation Depletion$212,682$56,126-$268,808
Payroll Taxes$192,497$50,799-$243,296
Fees for Services Other$157,001$26,293-$183,294
Interest$140,054$36,960-$177,014
Information Technology$134,497$35,494-$169,991
Current Officers, Directors, Trustees, and Key Employees$113,822$30,037-$143,859
Travel$75,650$19,964-$95,614
Occupancy$53,600$14,145-$67,745
Insurance$49,022$12,937-$61,959
Other Expenses$23,060$6,086-$29,146
Fees for Services Accounting$21,976$5,799-$27,775
Office Expenses$1,922$507-$2,429
Fees for Services Legal$1,605$423-$2,028
Total Functional Expenses$6,589,096$1,520,545$0$8,109,641

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$8,109,641
Total Expenses per Audited Statements$8,109,641
Total Expenses per Form 990$8,109,641
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$10,963,569
Deferred Inflows Related to Opeb$3,603,266
Pension Liability$2,158,770
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 diclose any conflict of interest on an annual basis”

Form 990, Part VI, Section B, Line 15

“The board of directors determine the 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

Signing Officer

Name
Scott Kidner
Title
Chairman
Phone
3022232150
Signed
2025-05-12

Organization Details

Principal Officer
Scott Kidner
Formed
2011
Legal Domicile
De
Voting Board Members
10
Independent Board Members
10
Employees
0
Volunteers
0

Preparer

Firm
Barbacane Thornton & Company Llp
Address
503 CARR ROAD SUITE 100, WILMINGTON, DE 19809-2863
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.”

PART X, LINE 2:

“The academy is exempt from federal income tax under section 501(c)(3) 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 469 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/InterestGrp/TotalAmt0177014
IRS990/InvestmentIncomeGrp/ExclusionAmt077254
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt077254
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt02652753
IRS990/LandBldgEquipBasisNetGrp/BOYAmt05269567
IRS990/LandBldgEquipBasisNetGrp/EOYAmt05147890
IRS990/LandBldgEquipCostOrOtherBssAmt07800643
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/BOYAmt06503688
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt06378202
IRS990/NetAssetsOrFundBalancesBOYAmt0-10619381
IRS990/NetAssetsOrFundBalancesEOYAmt0-11660221
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt014145
IRS990/OccupancyGrp/ProgramServicesAmt053600
IRS990/OccupancyGrp/TotalAmt067745
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt0507
IRS990/OfficeExpensesGrp/ProgramServicesAmt01922
IRS990/OfficeExpensesGrp/TotalAmt02429
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrgDoesNotFollowFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt06376447
IRS990/OtherAssetsTotalGrp/EOYAmt05380208
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt0340194
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt01289111
IRS990/OtherEmployeeBenefitsGrp/TotalAmt01629305
IRS990/OtherExpensesGrp/Desc0STUDENT TRANSPORTATION
IRS990/OtherExpensesGrp/Desc1SUPPLIES AND MATERIALS
IRS990/OtherExpensesGrp/Desc2REPAIRS AND MAINTENANCE
IRS990/OtherExpensesGrp/Desc3COMMUNICATIONS
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt054687
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt137295
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt26086
IRS990/OtherExpensesGrp/ProgramServicesAmt0748995
IRS990/OtherExpensesGrp/ProgramServicesAmt1228092
IRS990/OtherExpensesGrp/ProgramServicesAmt2141323
IRS990/OtherExpensesGrp/ProgramServicesAmt323060
IRS990/OtherExpensesGrp/TotalAmt0748995
IRS990/OtherExpensesGrp/TotalAmt1282779
IRS990/OtherExpensesGrp/TotalAmt2178618
IRS990/OtherExpensesGrp/TotalAmt329146
IRS990/OtherLiabilitiesGrp/BOYAmt016712350
IRS990/OtherLiabilitiesGrp/EOYAmt016732660
IRS990/OtherRevenueMiscGrp/BusinessCd0611600
IRS990/OtherRevenueMiscGrp/Desc0MISCELLANEOUS REVENUE
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt0306716
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0306716
IRS990/OtherRevenueTotalAmt0306716
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0634358
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt02403802
IRS990/OtherSalariesAndWagesGrp/TotalAmt03038160
IRS990/OtherWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt050799
IRS990/PayrollTaxesGrp/ProgramServicesAmt0192497
IRS990/PayrollTaxesGrp/TotalAmt0243296
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt00
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt0158441
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt0600385
IRS990/PensionPlanContributionsGrp/TotalAmt0758826
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0SCOTT KIDNER
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0611110
IRS990/ProgramServiceRevenueGrp/Desc0SCHOOL PROGRAMS
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt076903
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt076903
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt07168752
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt07588163
IRS990/PYInvestmentIncomeAmt0122
IRS990/PYOtherExpensesAmt00
IRS990/PYOtherRevenueAmt0412775
IRS990/PYProgramServiceRevenueAmt06514
IRS990/PYRevenuesLessExpensesAmt0-6653358
IRS990/PYSalariesCompEmpBnftPaidAmt06653358
IRS990/PYTotalExpensesAmt014241521
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt07588163
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0-1040840
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt076903
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt0-10619381
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt0-11660221
IRS990ScheduleA/SchoolInd0X
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt04809931
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01247204
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt06057135
IRS990ScheduleD/EquipmentGrp/BookValueAmt0243669
IRS990ScheduleD/EquipmentGrp/DepreciationAmt01395779
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt01639448
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt08109641
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt094290
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt094290
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt01699246
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt13680962
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0DEFFERED OUTFLOWS RELATED TO PENSION
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1DEFFERED OUTFLOWS RELATED TO OPEB
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt09770
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt09770
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt07055
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt110963569
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt23603266
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt32158770
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0RELATED PARTY NOTE PAYABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1OPEB LIABILITY
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2DEFERRED INFLOWS RELATED TO OPEB
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3PENSION LIABILITY
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt07068801
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/ExplanationTxt1THE ACADEMY IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) 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/SupplementalInformationDetail/FormAndLineReferenceDesc1PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt05147890
IRS990ScheduleD/TotalBookValueOtherAssetsAmt05380208
IRS990ScheduleD/TotalExpensesPerForm990Amt08109641
IRS990ScheduleD/TotalLiabilityAmt016732660
IRS990ScheduleD/TotalRevenuePerForm990Amt07068801
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt07068801
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt08109641
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/ExplanationTxt1LINE 6 - EXPLANATION OF GOVERNMENT FINANCIAL AID: RECEIVES 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 DICLOSE ANY CONFLICT OF INTEREST ON AN ANNUAL BASIS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE BOARD OF DIRECTORS DETERMINE THE 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/ExplanationTxt4PROCESS 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 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4PART XII LINE 2C
IRS990/SchoolOperatingInd01
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0DE
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt013339199
IRS990/TotalAssetsEOYAmt012074713
IRS990/TotalAssetsGrp/BOYAmt013339199

Document Assets

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Filings

Displayed year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$12,074,713
Liabilities
$23,734,934
Net assets
-$11,660,221
Revenue
$7,068,801
Expenses
$8,109,641
Net income
-$1,040,840
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