Civic Intelligence

Naval Academy Primary School Association Incorporated

990 • Fiscal year 2017 • EIN 52-6001692

Jun 01, 2016 to May 31, 2017 • Filed on Mar 09, 2018

Organization ProfileWWW.NAPSCHOOL.COM
74 Greenbury Point RoadAnnapolis, MD 21402

(410) 757-3090

Siviq Scores

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

Liabilities / Assets

87th percentile

0.74x

Higher debt load relative to assets than 87% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Liabilities / Revenue

61st percentile

0.17x

Higher debt load relative to revenue than 61% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Net Margin

26th percentile

-5.6%

Higher net margin than 26% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Top Officer Pay

63rd percentile

$88,474

Higher top officer pay than 63% of similar nonprofits.

Top officer pay equals 4.2% of source-year revenue.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Asset Growth

7th percentile

-17%

Faster asset growth than 7% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Revenue Growth

45th percentile

2.7%

Faster revenue growth than 45% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets87th percentile

Assets

Down

$488,367

Down $103,428 (-17%) from 2016

Net Assets

Down

$126,896

Down $116,926 (-48%) from 2016

Liabilities

Up

$361,471

Up $13,498 (+3.9%) from 2016

Revenue And Expenses
Liabilities / Revenue61st percentileNet Margin26th percentile

Revenue

Up

$2,104,327

Up $54,434 (+2.7%) from 2016

Expenses

Up

$2,221,253

Up $146,338 (+7.1%) from 2016

Net Income

Down

-$116,926

Down $91,904 (-367%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth7th percentile

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

$1.5M$1.0M$500K$0Assets 2012: $785,011Liabilities 2012: $413,495Net Assets 2012: $371,5162012Assets 2013: $854,090Liabilities 2013: $428,687Net Assets 2013: $425,4032013Assets 2014: $888,960Liabilities 2014: $450,748Net Assets 2014: $438,2122014Assets 2015: $587,490Liabilities 2015: $318,646Net Assets 2015: $268,8442015Assets 2016: $591,795Liabilities 2016: $347,973Net Assets 2016: $243,8222016Assets 2017: $488,367Liabilities 2017: $361,471Net Assets 2017: $126,8962017Assets 2018: $619,190Liabilities 2018: $387,680Net Assets 2018: $231,5102018Assets 2019: $758,523Liabilities 2019: $328,656Net Assets 2019: $429,8672019Assets 2020: $1,191,718Liabilities 2020: $733,635Net Assets 2020: $458,0832020Assets 2021: $1,204,598Liabilities 2021: $1,148,012Net Assets 2021: $56,5862021Assets 2022: $1,174,048Liabilities 2022: $378,977Net Assets 2022: $795,0712022Assets 2023: $994,223Liabilities 2023: $522,046Net Assets 2023: $472,1772023Assets 2024: $1,306,765Liabilities 2024: $563,076Net Assets 2024: $743,6892024

Highlighted filing

2017

Assets$488,367
Liabilities$361,471
Net Assets$126,896
Open 2017 Filing

Operations Trend

Revenue Growth45th percentile

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

$4.0M$2.0M$0-$2.0MRevenue 2012: $1,735,624Expenses 2012: $1,703,824Net Income 2012: $31,8002012Expenses 2013: $1,739,8372013Revenue 2014: $1,922,196Expenses 2014: $1,903,757Net Income 2014: $18,4392014Revenue 2015: $1,957,525Expenses 2015: $2,126,893Net Income 2015: -$169,3682015Revenue 2016: $2,049,893Expenses 2016: $2,074,915Net Income 2016: -$25,0222016Revenue 2017: $2,104,327Expenses 2017: $2,221,253Net Income 2017: -$116,9262017Revenue 2018: $2,242,756Expenses 2018: $2,138,142Net Income 2018: $104,6142018Revenue 2019: $2,398,576Expenses 2019: $2,200,219Net Income 2019: $198,3572019Revenue 2020: $2,431,610Expenses 2020: $2,403,394Net Income 2020: $28,2162020Revenue 2021: $2,259,788Expenses 2021: $2,661,285Net Income 2021: -$401,4972021Revenue 2022: $3,553,624Expenses 2022: $2,815,139Net Income 2022: $738,4852022Revenue 2023: $3,032,425Expenses 2023: $3,355,319Net Income 2023: -$322,8942023Revenue 2024: $3,768,149Expenses 2024: $3,496,637Net Income 2024: $271,5122024

Highlighted filing

2017

Revenue$2,104,327
Expenses$2,221,253
Net Income-$116,926
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jun 1, 2016 to May 31, 2017
Signed
Mar 9, 2018
Return Version
2016v3.0
Gross Receipts
$2,128,942
Mission and Program Overview

Mission

The naval academy primary school is dedicated to providing preschool and elementary school education in a nurturing environment at a reasonable cost.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$362,431$321,882▼ $40,549
Land, Buildings, and Equipment, Net$118,945$112,933▼ $6,012
Accounts Receivable$21,034$31,629▲ $10,595
Cash and Non-Interest-Bearing Accounts$81,530$12,053▼ $69,477
Prepaid Expenses and Deferred Charges$597$2,612▲ $2,015
Total Assets$591,795$488,367▼ $103,428
Other Assets Total$7,258$7,258→ $0
Liabilities
Accounts Payable and Accrued Expenses$243,906$242,031▼ $1,875
Deferred Revenue$76,566$91,939▲ $15,373
Other Liabilities$27,501$27,501→ $0
Total Liabilities$347,973$361,471▲ $13,498
Net Assets / Fund Balance
Unrestricted Net Assets$206,266$110,265▼ $96,001
Temporarily Rstr Net Assets$37,556$16,631▼ $20,925
Total Net Assets Fund Balance$243,822$126,896▼ $116,926
Total Liabilities and Net Assets / Fund Balance$591,795$488,367▼ $103,428

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$91,109$275,388$366,497
Equipment$21,824$72,363$94,187
Other Land Buildings$0$19,068$19,068
Compensation and Service Providers
Top Officer Pay63rd percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Devon M ClouseHead of SchoolFT$85,897$2,577$88,474
Erica ShumanDirector of FinanceFT$50,118$4,237$54,355
Kristy WoodyFormer Faculty/staff RepresentatiFT$42,986$3,985$46,971

Board Members and Trustees

NameTitle
Harry FlammangChairman
Carrie GrimesVice Chairman
Jenny CrawfordDirector
Megan ShugarmanDirector
John BarronMember at Large
Kelly RollisonSecretary
Susan ThaxtonTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$4,613
Program Service Revenue
$2,031,915
Investment Income
$6,732
Other Revenue
$61,067
All Other Contributions
$4,613
Change in Net Assets
$-116,926

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,104,327
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$2,104,327
Total Revenue per Form 990
$2,104,327
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,785,216
Other Expenses$436,037
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,155,704$250,438-$1,406,142
Office Expenses$150,273$41,700-$191,973
Current Officers, Directors, Trustees, and Key Employees$87,598$102,202-$189,800
Payroll Taxes$92,916$22,381-$115,297
Occupancy$70,658$23,988-$94,646
Other Employee Benefits$61,859$12,118-$73,977
Depreciation Depletion$16,579$4,456-$21,035
Fees for Services Management-$19,998-$19,998
Insurance$8,906$2,393-$11,299
Fees for Services Accounting-$8,536-$8,536
Travel$737$199-$936
Other Expenses$21,063$69-$69
Total Functional Expenses$1,707,050$514,203$0$2,221,253

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$2,221,253
Total Expenses per Audited Statements$2,221,253
Total Expenses per Form 990$2,221,253
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$82,043
Fundraising Direct Expenses$24,615
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Spring Auction$71,183$71,183$865$70,318
Total Events$82,043$82,043$24,615$57,428
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Unemployment Insurance Reserve Fund$27,501
Governance and Compliance

Governance Checklist

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

Governance Explanations

Form 990, Part VI, Section A, line 4

“The Naval Academy Primary School Association Board of Directors transitioned to a Self Governing Board of Trustees in keeping with best practices of the Association of Independent Maryland and DC Schools (AIMS) and the National Association of Independent Schools (NAIS).”

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

“The board of directors receive a draft version of the form 990 that is reviewed before final form 990 is filed with the irs.”

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

“The organization requires all directors, officers, and key employees to review conflict of interest policy on an annual basis and sign an annual disclosure statement.”

Form 990, Part VI, Section B, line 15A

“The members of the board of directors obtained comparable data to substantiate the compensation of the head of school.”

Form 990, Part VI, Section C, line 18

“The organization makes its form 1023 and form 990 available to public inspection upon request.”

Form 990, Part VI, Section C, line 19

“The school provides their governing documents, conflict of interest policy, and annual financial statements available to the public upon request at their location.”

Filing and Contact Details

Filer

Filer Name
Naval Academy Primary School
EIN
52-6001692
Phone
4107573090
Address
74 GREENBURY POINT ROAD, ANNAPOLIS, MD 21402

Signing Officer

Name
Devon Clouse
Title
Head of School
Phone
4107573090
Signed
2018-03-09
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Devon Clouse
Formed
1953
Legal Domicile
Md
Voting Board Members
6
Independent Board Members
6
Employees
64
Volunteers
166

Preparer

Firm
Mullen Sondberg Wimbish & Stone Pa
Address
2553 HOUSLEY ROAD SUITE 200, ANNAPOLIS, MD 21401-6751
Preparer
Patrick M Hantske CPA
Phone
4102244920
Supplemental Narrative

Additional Explanations

Form 990, Part XII, Line 2C:

“The school is audited annually by an independent certified public accountant.”

Financial Statement Notes

Part X, Line 2:

“The School follows the guidance of ASC 740-10, Accounting for Uncertainty in Income Taxes which clarifies the accounting for the recognition and measurement of the benefits of individual tax positions in the financial statements, including those of non-profit organizations. Tax positions must meet a recognition threshold of more-likely-than-not in order for the benefit of those tax positions to be recognized in the School's financial statements. The School has analyzed tax positions taken, including those related to the requirements set forth in IRC Sec. 501(c) to qualify as a tax exempt organization, activities performed by volunteers and board members, the reporting of unrelated business income, and its status as tax-exempt organization under Maryland state statute. The School does not know of any tax benefits arising from uncertain tax positions and there was no effect on the Schools' financial position or changes in net assets as a result of analyzing its tax positions. Fiscal years ending on or after June 30, 2014 remain subject to examination by federal and state authorities”

Raw XML AppendixShowing 400 of 478 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/OtherAssetsTotalGrp/EOYAmt07258
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt012118
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt061859
IRS990/OtherEmployeeBenefitsGrp/TotalAmt073977
IRS990/OtherExpensesGrp/Desc0REPAIRS AND MAINTENANCE
IRS990/OtherExpensesGrp/Desc1MISCELLANEOUS
IRS990/OtherExpensesGrp/Desc2PROFESSIONAL DEVELOPMEN
IRS990/OtherExpensesGrp/Desc3ANNUAL FUND
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt010954
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt15764
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt29007
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt369
IRS990/OtherExpensesGrp/ProgramServicesAmt040757
IRS990/OtherExpensesGrp/ProgramServicesAmt121063
IRS990/OtherExpensesGrp/TotalAmt051711
IRS990/OtherExpensesGrp/TotalAmt126827
IRS990/OtherExpensesGrp/TotalAmt29007
IRS990/OtherExpensesGrp/TotalAmt369
IRS990/OtherLiabilitiesGrp/BOYAmt027501
IRS990/OtherLiabilitiesGrp/EOYAmt027501
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0OTHER INCOME
IRS990/OtherRevenueMiscGrp/ExclusionAmt03639
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt03639
IRS990/OtherRevenueTotalAmt03639
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0250438
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt01155704
IRS990/OtherSalariesAndWagesGrp/TotalAmt01406142
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt022381
IRS990/PayrollTaxesGrp/ProgramServicesAmt092916
IRS990/PayrollTaxesGrp/TotalAmt0115297
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0597
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt02612
IRS990/PrincipalOfficerNm0DEVON CLOUSE
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0611710
IRS990/ProgramServiceRevenueGrp/BusinessCd1611710
IRS990/ProgramServiceRevenueGrp/BusinessCd2611710
IRS990/ProgramServiceRevenueGrp/BusinessCd3611710
IRS990/ProgramServiceRevenueGrp/BusinessCd4611710
IRS990/ProgramServiceRevenueGrp/Desc0TUITION AND FEES
IRS990/ProgramServiceRevenueGrp/Desc1EXTENDED CARE
IRS990/ProgramServiceRevenueGrp/Desc2BUILDING MAINTENANCE
IRS990/ProgramServiceRevenueGrp/Desc3BOOKS AND SUPPLIES
IRS990/ProgramServiceRevenueGrp/Desc4CAMP
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt01464527
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1179317
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt2160703
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt3157833
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt441755
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt01464527
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1179317
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2160703
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt3157833
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt441755
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt031559
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt06146
IRS990/PYOtherExpensesAmt0369622
IRS990/PYOtherRevenueAmt040999
IRS990/PYProgramServiceRevenueAmt01971189
IRS990/PYRevenuesLessExpensesAmt0-25022
IRS990/PYSalariesCompEmpBnftPaidAmt01705293
IRS990/PYTotalExpensesAmt02074915
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt02049893
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0-116926
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt02031915
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0362431
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0321882
IRS990ScheduleA/SchoolInd0X
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/EquipmentGrp/BookValueAmt021824
IRS990ScheduleD/EquipmentGrp/DepreciationAmt072363
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt094187
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt02221253
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt091109
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0275388
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0366497
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt019068
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt019068
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt027501
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0UNEMPLOYMENT INSURANCE RESERVE FUND
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt02104327
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0The School follows the guidance of ASC 740-10, Accounting for Uncertainty in Income Taxes which clarifies the accounting for the recognition and measurement of the benefits of individual tax positions in the financial statements, including those of non-profit organizations. Tax positions must meet a recognition threshold of more-likely-than-not in order for the benefit of those tax positions to be recognized in the School's financial statements. The School has analyzed tax positions taken, including those related to the requirements set forth in IRC Sec. 501(c) to qualify as a tax exempt organization, activities performed by volunteers and board members, the reporting of unrelated business income, and its status as tax-exempt organization under Maryland state statute. The School does not know of any tax benefits arising from uncertain tax positions and there was no effect on the Schools' financial position or changes in net assets as a result of analyzing its tax positions. Fiscal years ending on or after June 30, 2014 remain subject to examination by federal and state authorities
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X, Line 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0112933
IRS990ScheduleD/TotalExpensesPerForm990Amt02221253
IRS990ScheduleD/TotalLiabilityAmt027501
IRS990ScheduleD/TotalRevenuePerForm990Amt02104327
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt02104327
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt02221253
IRS990ScheduleE/ComplianceWithRevProc7550Ind01
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd00
IRS990ScheduleE/DiscriminateRaceAthltProgInd00
IRS990ScheduleE/DiscriminateRaceEducPlcyInd00
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd00
IRS990ScheduleE/DiscriminateRaceOtherActyInd00
IRS990ScheduleE/DiscriminateRaceSchsInd00
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd00
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd00
IRS990ScheduleE/GovernmentFinancialAidRcvdInd00
IRS990ScheduleE/GovernmentFinancialAidRvkdInd00
IRS990ScheduleE/MaintainCpyOfAllSolInd01
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd01
IRS990ScheduleE/MaintainRacialCompRecsInd01
IRS990ScheduleE/MaintainScholarshipsRecsInd01
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd01
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd01
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd01
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0NOTICE OF NONDISCRIMINATORY POLICY IS PUBLISHED ANNUALLY IN ACCORDANCE WITH AIMS. NONDISCRIMINATORY POLICY IS PUBLISHED IN BROCHURES AND WRITTEN COMMUNICATIONS WITH THE PUBLIC WHILE SOLICITING FOR STUDENTS.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1THE RACIALLY NONDISCRIMINATORY POLICY IS PUBLISHED IN OUR HANDBOOK, WEBSITE, AND APPLICATION
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule E, Part I, Line 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE E, LINE 3
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt024615
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0SPRING AUCTION
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageEvent1Amt010000
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageTotalEventsAmt010000
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt071183
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsOtherEventsAmt010860
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt082043
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt071183
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueOtherEventsAmt010860
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt082043
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt057428
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssOtherEventsAmt04100
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt04965
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt0865
IRS990ScheduleG/FundraisingEventInformationGrp/OtherEventsTotalCnt05
IRS990ScheduleG/FundraisingEventInformationGrp/RentFacilityCostsEvent1Amt09650
IRS990ScheduleG/FundraisingEventInformationGrp/RentFcltyCostsTotalEventsAmt09650
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The Naval Academy Primary School Association Board of Directors transitioned to a Self Governing Board of Trustees in keeping with best practices of the Association of Independent Maryland and DC Schools (AIMS) and the National Association of Independent Schools (NAIS).
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE BOARD OF DIRECTORS RECEIVE A DRAFT VERSION OF THE FORM 990 THAT IS REVIEWED BEFORE FINAL FORM 990 IS FILED WITH THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION REQUIRES ALL DIRECTORS, OFFICERS, AND KEY EMPLOYEES TO REVIEW CONFLICT OF INTEREST POLICY ON AN ANNUAL BASIS AND SIGN AN ANNUAL DISCLOSURE STATEMENT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE MEMBERS OF THE BOARD OF DIRECTORS OBTAINED COMPARABLE DATA TO SUBSTANTIATE THE COMPENSATION OF THE HEAD OF SCHOOL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION MAKES ITS FORM 1023 AND FORM 990 AVAILABLE TO PUBLIC INSPECTION UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE SCHOOL PROVIDES THEIR GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND ANNUAL FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST AT THEIR LOCATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THE SCHOOL IS AUDITED ANNUALLY BY AN INDEPENDENT CERTIFIED PUBLIC ACCOUNTANT.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section A, line 4
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section B, line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section B, line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Section C, line 18
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part VI, Section C, line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990, Part XII, Line 2c:
IRS990/SchoolOperatingInd01
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0MD
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt037556
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt016631
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0591795
IRS990/TotalAssetsEOYAmt0488367
IRS990/TotalAssetsGrp/BOYAmt0591795
IRS990/TotalAssetsGrp/EOYAmt0488367
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt04613

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$488,367
Liabilities
$361,471
Net assets
$126,896
Revenue
$2,104,327
Expenses
$2,221,253
Net income
-$116,926
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.31$0.56$0.74$3.77$3.50$0.27
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.99$0.52$0.47$3.03$3.36$0.32
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.17$0.38$0.80$3.55$2.82$0.74
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.20$1.15$0.06$2.26$2.66$0.40
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.19$0.73$0.46$2.43$2.40$0.03
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.76$0.33$0.43$2.40$2.20$0.20
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.62$0.39$0.23$2.24$2.14$0.10
2017Detailed filing. Detailed filing data is available for this year.$0.49$0.36$0.13$2.10$2.22$0.12
2016Detailed filing. Detailed filing data is available for this year.$0.59$0.35$0.24$2.05$2.07$0.03
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.59$0.32$0.27$1.96$2.13$0.17
2014Detailed filing. Detailed filing data is available for this year.$0.89$0.45$0.44$1.92$1.90$0.02
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.85$0.43$0.43$1.74
2012Summary only. Only limited summary data is available for this year.$0.79$0.41$0.37$1.74$1.70$0.03