Camden Military Academy
- Assets
- $31.4m
- Revenue
- $11.6m
- Investments
- $0.0
- Employees
- 133
- Location
- Camden, SC
- Founding
- 07/1975
- Data as of
- 05/2024
- EIN
- 57-0602035
Organization Overview
Camden Military Academy is located in Camden, SC. The organization was established in 1975. According to its NTEE Classification (B25) the organization is classified as: Secondary & High Schools, under the broad grouping of Education and related organizations. As of 05/2024, Camden Military Academy employed 133 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Camden Military Academy is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 05/2024, Camden Military Academy generated $11.6m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 4.6% each year. All expenses for the organization totaled $9.2m during the year ending 05/2024. While expenses have increased by 2.6% per year over the past 9 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2024
Describe the Organization's Mission:
Part 3 - Line 1
CAMDEN MILITARY ACADEMY PROVIDES INSTRUCTIONAL SERVICE TO STUDENTS GRADES 7-12. IT MAINTAINS A FACULTY, DORMITORY, MESS HALL, INFIRMARY, CLASSROOMS AND RECREATIONAL FACILITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CAMDEN MILITARY PROVIDES INSTRUCTIONAL SERVICE TO STUDENTS GRADE 7-12. IT MAINTAINS A FACULTY, DORMITORY, MESS HALL, INFIRMARY, CLASSROOMS, AND RECREATIONAL FACILITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Col Eric Boland Headmaster | $237,500 | ||
Mr Edward Cottingham Board Of Tru | Trustee | $0 | |
Mr Walker Gregory Board Of Tru | Trustee | $0 | |
Mr Frank Price Osteen II Board Of Tru | Trustee | $0 | |
Mr E Albert Walker III Board Of Tru | Trustee | $0 | |
Mr Stan Mabry Board Of Tru | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,120,530 |
| All other contributions, gifts, grants, and similar amounts not included above | $652,067 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,772,597 |
| Total Program Service Revenue | $9,015,031 |
| Investment income | $660,809 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$3,789 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $11,552,698 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,123,036 |
| Pension plan accruals and contributions | $102,677 |
| Other employee benefits | $48,795 |
| Payroll taxes | $327,454 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $235,632 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $26,390 |
| Royalties | $0 |
| Occupancy | $299,060 |
| Travel | $16,638 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $498,159 |
| Insurance | $243,866 |
| All other expenses | $1,549,161 |
| Total functional expenses | $9,150,306 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,942,712 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $13,602 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $22,953 |
| Prepaid expenses and deferred charges | $72,426 |
| Net Land, buildings, and equipment | $7,804,391 |
| Investments—publicly traded securities | $17,462,336 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $42,223 |
| Total assets | $31,360,643 |
| Accounts payable and accrued expenses | $149,501 |
| Grants payable | $0 |
| Deferred revenue | $359,865 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $474,200 |
| Total liabilities | $983,566 |
| Net assets without donor restrictions | $30,122,420 |
| Net assets with donor restrictions | $254,657 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $31,360,643 |