Army & Navy Academy
- Assets
- $38.5m
- Revenue
- $16.6m
- Investments
- $0.0
- Employees
- 180
- Location
- Carlsbad, CA
- Founding
- 02/1945
- Data as of
- 08/2023
- 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 08/2023, Army & Navy Academy employed 180 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 08/2023, Army & Navy Academy generated $16.6m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.8% each year. All expenses for the organization totaled $15.8m during the year ending 08/2023. While expenses have increased by 3.0% per year over the past 8 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
2023
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
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark Desjardins PHD Former Pres | Officer | 40 | $570,407 |
Clint Jespersen Dir Of Constr. | 40 | $277,141 | |
Janet Pullen VP Finance & Ops | 40 | $154,936 | |
Chris Thaeler Dir. Of It / Dean | 40 | $137,406 | |
Faith Cohen Dir Of Development | 40 | $135,821 | |
Thomas Ward Commandant | 40 | $128,809 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Culinart Food Service | 8/30/23 | $1,388,585 |
Centrexit It Service | 8/30/23 | $130,846 |
Ware Malcomb Construction Services | 8/30/23 | $698,598 |
Top Tier Tile Inc Constr.services Tile | 8/30/23 | $225,083 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $99,075 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,358,803 |
| Noncash contributions included in lines 1a–1f | $1,011,060 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,457,878 |
| Total Program Service Revenue | $13,539,660 |
| Investment income | $176,773 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$27,274 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$30,403 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $480,695 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $16,597,329 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $1,840,933 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $636,894 |
| Compensation of current officers, directors, key employees. | $129,415 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $6,226,473 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $789,841 |
| Payroll taxes | $499,289 |
| 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 | $67,206 |
| Fees for services: Other | $1,468 |
| Advertising and promotion | $271,400 |
| Office expenses | $207,122 |
| 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 | $101,164 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,054,658 |
| Insurance | $233,858 |
| All other expenses | $896,115 |
| Total functional expenses | $15,838,887 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $39,608 |
| Savings and temporary cash investments | $3,205,153 |
| Pledges and grants receivable | $828,938 |
| Accounts receivable, net | $5,737,148 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $504,561 |
| Prepaid expenses and deferred charges | $58,406 |
| Net Land, buildings, and equipment | $21,881,691 |
| Investments—publicly traded securities | $5,589,621 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $608,275 |
| Total assets | $38,453,401 |
| Accounts payable and accrued expenses | $1,650,027 |
| Grants payable | $0 |
| Deferred revenue | $11,505,234 |
| 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 | $2,636,523 |
| Total liabilities | $15,791,784 |
| Net assets without donor restrictions | $20,654,730 |
| Net assets with donor restrictions | $2,006,887 |
| 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 | $38,453,401 |