Civic Intelligence

Army and Navy Academy Carlsbad California

EIN 95-1184512 • 501(c)3 • Carlsbad, CA

Profile

Educate and develop good character in young men.

Refreshing map…

2605 Carlsbad BlvdCarlsbad, CA 92008

www.armyandnavyacademy.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

67th percentile

0.41x

Higher debt load relative to assets than 67% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Source year 2024

Liabilities / Revenue

76th percentile

0.88x

Higher debt load relative to revenue than 76% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Source year 2024

Net Margin

61st percentile

9.0%

Higher net margin than 61% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Source year 2024

Top Officer Pay

60th percentile

$304,851

Higher top officer pay than 60% of similar nonprofits.

Top officer pay equals 1.5% of source-year revenue.

501(c)3 • $25M-$50M nonprofits • Source year 2024

Asset Growth

69th percentile

11%

Faster asset growth than 69% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Annualized from 2023 to 2024

Revenue Growth

70th percentile

19%

Faster revenue growth than 70% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Annualized from 2023 to 2024

Assets

Up

$42,675,873

Up $4,222,472 (+11%) from 2023

Liabilities

Up

$17,352,866

Up $1,561,082 (+9.9%) from 2023

Net Assets

Up

$25,323,007

Up $2,661,390 (+12%) from 2023

Revenue

Up

$19,706,052

Up $3,108,723 (+19%) from 2023

Expenses

Up

$17,937,309

Up $2,098,422 (+13%) from 2023

Net Income

Up

$1,768,743

Up $1,010,301 (+133%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$60M$40M$20M$0Assets 2010: $21,100,852Liabilities 2010: $9,417,831Net Assets 2010: $11,683,0212010Assets 2011: $22,972,366Liabilities 2011: $10,646,460Net Assets 2011: $12,325,9062011Assets 2012: $23,495,718Liabilities 2012: $10,170,703Net Assets 2012: $13,325,0152012Assets 2013: $30,004,569Liabilities 2013: $11,075,909Net Assets 2013: $18,928,6602013Assets 2014: $30,750,357Liabilities 2014: $10,701,908Net Assets 2014: $20,048,4492014Assets 2015: $30,762,141Liabilities 2015: $10,468,276Net Assets 2015: $20,293,8652015Assets 2016: $31,755,359Liabilities 2016: $11,563,252Net Assets 2016: $20,192,1072016Assets 2017: $33,479,136Liabilities 2017: $11,652,166Net Assets 2017: $21,826,9702017Assets 2018: $34,856,430Liabilities 2018: $11,458,198Net Assets 2018: $23,398,2322018Assets 2019: $34,402,522Liabilities 2019: $11,211,565Net Assets 2019: $23,190,9572019Assets 2020: $34,944,301Liabilities 2020: $11,647,103Net Assets 2020: $23,297,1982020Assets 2021: $37,972,311Liabilities 2021: $13,595,302Net Assets 2021: $24,377,0092021Assets 2022: $36,330,282Liabilities 2022: $14,779,875Net Assets 2022: $21,550,4072022Assets 2023: $38,453,401Liabilities 2023: $15,791,784Net Assets 2023: $22,661,6172023Assets 2024: $42,675,873Liabilities 2024: $17,352,866Net Assets 2024: $25,323,0072024

Highlighted filing

2024

Assets$42,675,873
Liabilities$17,352,866
Net Assets$25,323,007

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$20M$10M$0-$10MExpenses 2010: $10,927,2682010Expenses 2011: $11,490,8602011Expenses 2012: $11,970,6692012Expenses 2013: $12,511,2372013Revenue 2014: $13,514,841Expenses 2014: $12,492,972Net Income 2014: $1,021,8692014Revenue 2015: $12,953,068Expenses 2015: $12,677,171Net Income 2015: $275,8972015Revenue 2016: $12,328,314Expenses 2016: $12,481,065Net Income 2016: -$152,7512016Revenue 2017: $14,256,161Expenses 2017: $12,667,584Net Income 2017: $1,588,5772017Revenue 2018: $13,876,467Expenses 2018: $12,696,989Net Income 2018: $1,179,4782018Revenue 2019: $13,781,925Expenses 2019: $13,858,263Net Income 2019: -$76,3382019Revenue 2020: $11,338,437Expenses 2020: $12,340,340Net Income 2020: -$1,001,9032020Revenue 2021: $12,387,167Expenses 2021: $12,650,497Net Income 2021: -$263,3302021Revenue 2022: $13,086,895Expenses 2022: $14,854,627Net Income 2022: -$1,767,7322022Revenue 2023: $16,597,329Expenses 2023: $15,838,887Net Income 2023: $758,4422023Revenue 2024: $19,706,052Expenses 2024: $17,937,309Net Income 2024: $1,768,7432024

Highlighted filing

2024

Revenue$19,706,052
Expenses$17,937,309
Net Income$1,768,743

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$42.7$17.4$25.3$19.7$17.9$1.77
2023Detailed filing. Detailed filing data is available for this year.$38.5$15.8$22.7$16.6$15.8$0.76
2022Detailed filing. Detailed filing data is available for this year.$36.3$14.8$21.6$13.1$14.9$1.77
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$38.0$13.6$24.4$12.4$12.7$0.26
2020Detailed filing. Detailed filing data is available for this year.$34.9$11.6$23.3$11.3$12.3$1.00
2019Detailed filing. Detailed filing data is available for this year.$34.4$11.2$23.2$13.8$13.9$0.08
2018Detailed filing. Detailed filing data is available for this year.$34.9$11.5$23.4$13.9$12.7$1.18
2017Detailed filing. Detailed filing data is available for this year.$33.5$11.7$21.8$14.3$12.7$1.59
2016Detailed filing. Detailed filing data is available for this year.$31.8$11.6$20.2$12.3$12.5$0.15
2015Detailed filing. Detailed filing data is available for this year.$30.8$10.5$20.3$13.0$12.7$0.28
2014Detailed filing. Detailed filing data is available for this year.$30.8$10.7$20.0$13.5$12.5$1.02
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$30.0$11.1$18.9$12.5
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$23.5$10.2$13.3$12.0
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$23.0$10.6$12.3$11.5
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$21.1$9.42$11.7$10.9
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Sep 1, 2023 to Aug 31, 2024
Signed
Mar 31, 2025
Return Version
2023v6.0
Gross Receipts
$20,666,867
Mission and Program Overview

Mission

Educate, mentor and develop good character and leadership in young men.

To forge virtuous young men for life.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$21,881,691$22,355,566▲ $473,875
Accounts Receivable$5,737,148$6,379,555▲ $642,407
Investments in Publicly Traded Securities$5,215,925$6,054,154▲ $838,229
Cash and Non-Interest-Bearing Accounts$3,205,153$4,462,724▲ $1,257,571
Savings and Temporary Cash Investments$413,304$1,431,570▲ $1,018,266
Pledges and Grants Receivable$828,938$648,432▼ $180,506
Inventories for Sale or Use$504,561$517,170▲ $12,609
Prepaid Expenses and Deferred Charges$58,406$87,857▲ $29,451
Other Notes and Loans Receivable, Net-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Intangible Assets-$0-
Total Assets$38,453,401$42,675,873▲ $4,222,472
Other Assets Total$608,275$738,845▲ $130,570
Liabilities
Deferred Revenue$11,505,234$13,272,338▲ $1,767,104
Other Liabilities$2,636,523$2,760,034▲ $123,511
Accounts Payable and Accrued Expenses$1,650,027$1,320,494▼ $329,533
Total Liabilities$15,791,784$17,352,866▲ $1,561,082
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$20,654,730$23,124,179▲ $2,469,449
Net Assets With Donor Restrictions$2,006,887$2,198,828▲ $191,941
Total Net Assets Fund Balance$22,661,617$25,323,007▲ $2,661,390
Total Liabilities and Net Assets / Fund Balance$38,453,401$42,675,873▲ $4,222,472

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$13,148,149$10,224,791$23,372,940
Leasehold Improvements$5,756,737$4,933,799$10,690,536
Other Land Buildings$3,104,085$6,388,692$9,492,777
Equipment$89,919$697,578$787,497
Land$256,676-$256,676

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2023$1,132,901$21,000▲ $151,169$46,300$1,258,770
2022$1,046,765$78,000▲ $33,127$24,991$1,132,901
2021$1,132,827$13,000▼ $67,089$31,973$1,046,765
2020$994,869$3,000▲ $166,580$31,622$1,132,827
2019$871,137$20,989▲ $126,549$23,806$994,869
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Peggy CombsPresidentFT$302,857$1,994$304,851
Clint JespersenDirector of Constr.FT$271,659$1,994$271,659
Janet PullenVP Finance & OpsFT$197,820-$197,820
Faith CohenDirector of DevelopmentFT$165,492-$165,492
Chris ThaelerDirector of It / DeanFT$137,557-$137,557
Curby ScarboroughSr Jrotc InstructFT$115,022-$115,022

Board Members and Trustees

Highest Paid Contractors

ContractorServicesLocationCompensation
CulinartFood ServicePO BOX 50196, Los Angeles, CA 90074$1,603,976
Solar 360 Blg ServicesConstruction Services1586 N BATAVIA ST, Orange, CA 92867$1,159,412
Pacific ConstructionConstruction Services2625 SULSALITO AVE, Carlsbad, CA 92010$262,755
Cms InteriorsConstruction Services6361 NANCY RIDGE DR, San Diego, CA 92121$256,871
Ware MalcombConstruction Services10 EDELMAN, Irvine, CA 92618$223,632
Revenue and Support

Revenue Composition

Contributions and Grants
$2,419,029
Program Service Revenue
$16,459,448
Investment Income
$348,872
Other Revenue
$478,703
All Other Contributions
$2,348,971
Change in Net Assets
$1,768,743

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded1$25,550Fair Market Value (FMV)
Total Noncash Contributions1$25,550-

Audited Revenue Reconciliation

Revenue per Audited Statements
$17,907,831
Revenue Not Reported on Financial Statements
$1,798,221
Revenue Not Reported on Form 990
$1,857,547
Other Revenue Adjustments
$1,742,647
Total Revenue per Audited Statements
$19,765,378
Total Revenue per Form 990
$19,706,052
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$9,034,618
Other Expenses$7,160,044
Grants and Similar Amounts Paid$1,742,647
Total Fundraising Expense$332,540
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$5,537,710$1,380,217$218,531$7,136,458
Grants to Domestic Individuals$1,742,647--$1,742,647
Depreciation Depletion$1,386,381$38,816$10,670$1,435,867
Other Employee Benefits$687,759$192,400$20,229$900,388
All Other Expenses$676,723$115,685$23,053$815,461
Payroll Taxes$421,336$117,868$12,393$551,597
Current Officers, Directors, Trustees, and Key Employees$346,197$86,332$13,646$446,175
Advertising$316,136$123,333$2,419$441,888
Fees for Services Other$261,036$74,309$2,009$337,354
Other Expenses$32,024$292,298$8,912$333,234
Office Expenses$136,698$131,628$8,387$276,713
Insurance$238,277$6,671$1,834$246,782
Interest$116,887$3,273$900$121,060
Fees for Service Investment Mgmnt Fees-$55,574-$55,574
Total Functional Expenses$14,951,600$2,653,169$332,540$17,937,309

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$17,937,309
Total Expenses per Audited Statements$17,103,988
Expenses per Audited Statements$16,139,088
Expenses Not Reported on Financial Statements$1,798,221
Other Expense Adjustments$1,742,647
Expenses Not Reported on Form 990$964,900
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$119,702
Fundraising Direct Expenses$88,525
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Distinguished Warrior Awards$120,540$50,482$49,240$1,242
Jon Higgings Golf Tourn$47,260$47,260$7,334$39,926
Total Events$189,760$119,702$88,525$31,177
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Line of Credit$1,500,000
Other Deposits$796,489
Note Payable$358,333
Lease Liability$105,212
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 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
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

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

The return is reviewed by the board prior to filing.

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

The board is required to review and sign the conflict of interest policy. If a board member does have a conflict of interest, the board member will recuse himself/herself from the specific item.

Form 990, Part VI, Section B, Line 15B

The compensation committee of the board reviews the president's compensation annually and compares to similar compensation paid to officers in industry.

Form 990, Part VI, Section C, Line 19

The school's governing documents, conflict of interest policy, and audited financial statements are made available to the public upon request. The 990 is available on the schools website.

Filing and Contact Details

Filer

Filer Name
Army and Navy Academy
EIN
95-1184512
Phone
7607292385
Address
2605 CARLSBAD BLVD, CARLSBAD, CA 92008

Signing Officer

Name
Barry Shreiar
Title
Current President
Signed
2025-03-31
Discuss with paid preparer
Yes

Organization Details

Formed
1910
Legal Domicile
CA
Voting Board Members
14
Independent Board Members
14
Employees
172
Volunteers
45

Preparer

Firm
West Rhode & Roberts
Address
2741 4th Ave, San Diego, CA 92103
Preparer
Cheryl Rhode
Phone
6196155380
Supplemental Narrative

Financial Statement Notes

Part V, Line 4: Intended uses of the endowment fund.

The endowment funds support particular programs, areas of interest and scholarships.

Part X : FIN48 Footnote

The Academy is a not-for-profit organization exempt from income taxes under Section 501(c)(3) of the Internal Revenue Code and Section 23701(d) of the California Franchise Tax Code. The Financial Accounting Standards Board (FASB) Accounting Standards Codification (ASC) 740-10, Accounting for Uncertainties in Income Tax, sets a minimum threshold for financial statement recognition of the benefit of a tax position taken or expected to be taken in a tax return. The Academy has reviewed its position for all open tax years and has determined that it has no uncertain tax positions requiring accrual or disclosure.

Part XI, Line 2D: Other revenue amounts included in F/S but not included on form 990

Cost of goods sold $715133 rental expense $157157 fundraising expense $88525

Part XI, Line 4B: Other revenue amounts included on 990 but not included in F/S

Financial aid and other grants $1742647

Part XII, Line 2D: Other expenses and losses per audited F/S

Cost of goods sold $715133 rental expense $157157 fundraising expense $88525

Part XII, Line 4B: Other revenue amounts included on 990 but not included in F/S

Finacial Aid and Other Grants $1742647

Raw XML AppendixShowing 400 of 774 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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