Army & Navy Academy
- Assets
- $36.3m
- Revenue
- $13.1m
- Investments
- $0.0
- Employees
- 174
- Location
- Carlsbad, CA
- Founding
- 02/1945
- Data as of
- 08/2022
- EIN
- 95-1184512
Organization Overview
Army & Navy Academy is located in Carlsbad, CA. The organization was established in 1945. According to its NTEE Classification (B24) the organization is classified as: Primary & Elementary Schools, under the broad grouping of Education and related organizations. As of 08/2022, Army & Navy Academy employed 174 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Army & Navy 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 08/2022, Army & Navy Academy generated $13.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.9% each year. All expenses for the organization totaled $14.9m during the year ending 08/2022. While expenses have increased by 2.5% per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
EDUCATE, MENTOR AND DEVELOP GOOD CHARACTER AND LEADERSHIP IN YOUNG MEN.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATION AND ROOM AND BOARD FOR APPROXIMATELY 200-300 STUDENTS DURING THE WINTER SCHOOL SESSION AND FOR 300-400 STUDENTS DURING THE SUMMER PROGRAMS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Clint Jespersen Dir Of Constr. | 40 | $166,757 | |
Janet Pullen VP Finance & Ops | 40 | $133,911 | |
Thomas Ward Commandant | 40 | $126,308 | |
Mark Desjardins PHD 822 President | OfficerTrustee | 40 | $126,182 |
Ethan Segovia Dean Of Academics | 40 | $108,708 | |
Jeff Tisor Vice Chairman | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Culinart Food Service | 8/30/22 | $971,714 |
Centrexit It Service | 8/30/22 | $181,052 |
Turner Constructions Company Construction Services | 8/30/22 | $390,596 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $105,775 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $477,999 |
| Noncash contributions included in lines 1a–1f | $24,893 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $583,774 |
| Total Program Service Revenue | $11,862,546 |
| Investment income | $230,612 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$10,474 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$13,892 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $434,329 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $13,086,895 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $1,347,069 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $711,020 |
| Compensation of current officers, directors, key employees. | $177,543 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $6,321,946 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $745,338 |
| Payroll taxes | $533,208 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $94,293 |
| Fees for services: Other | $43,190 |
| Advertising and promotion | $400,240 |
| Office expenses | $154,059 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $87,800 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,016,148 |
| Insurance | $200,911 |
| All other expenses | $578,010 |
| Total functional expenses | $14,854,627 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $58,315 |
| Savings and temporary cash investments | $3,594,568 |
| Pledges and grants receivable | $79,226 |
| Accounts receivable, net | $4,905,024 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $308,017 |
| Prepaid expenses and deferred charges | $111,575 |
| Net Land, buildings, and equipment | $18,646,970 |
| Investments—publicly traded securities | $8,067,650 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $558,937 |
| Total assets | $36,330,282 |
| Accounts payable and accrued expenses | $1,823,464 |
| Grants payable | $0 |
| Deferred revenue | $9,852,931 |
| 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 | $3,103,480 |
| Total liabilities | $14,779,875 |
| Net assets without donor restrictions | $19,462,974 |
| Net assets with donor restrictions | $2,087,433 |
| 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 | $36,330,282 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Army & Navy Academy has recieved totaling $92,430.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $91,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $930 |
Wings Up Family Foundation Wilmington, DE PURPOSE: GENERAL & UNRESTRICTED | $500 |
Endowment Analysis
| Beg. Balance | $1,132,827 |
| Earnings | -$76,395 |
| Net Contributions | $13,000 |
| Other Expense | $31,973 |
| Ending Balance | $1,037,459 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Creative Center Of Los Altos Los Altos, CA | $170,822,611 | $50,231,203 |
Oakwood School North Hollywood, CA | $131,214,925 | $40,512,387 |
Wildwood School Inc Los Angeles, CA | $86,448,080 | $38,177,997 |
Classical Academy Incorporated Escondido, CA | $75,670,985 | $34,177,017 |
Paragon Management Surprise, AZ | $64,904,410 | $28,676,995 |
Harbor Day Endowment Corporation Corona del Mar, CA | $29,496,561 | $8,033,762 |
Center For Early Education West Hollywood, CA | $163,132,439 | $27,283,122 |
Santa Fe Christian Schools Solana Beach, CA | $72,145,924 | $27,955,484 |
Phoenix Country Day School Paradise Valley, AZ | $77,907,724 | $28,726,427 |
Tarbut Vtorah Community Day School Irvine, CA | $104,560,863 | $24,620,400 |
Westside Neighborhood School Los Angeles, CA | $23,646,249 | $23,017,600 |
Town School For Boys San Francisco, CA | $94,398,193 | $22,080,958 |