Delaware Military Academy Inc
- Assets
- $32.2m
- Revenue
- $7.6m
- Investments
- $98.4k
- Employees
- 0
- Location
- Wilmington, DE
- Founding
- 04/2002
- Data as of
- 06/2021
- EIN
- 51-0413420
Organization Overview
Delaware Military Academy Inc is located in Wilmington, DE. The organization was established in 2002. According to its NTEE Classification (B29) the organization is classified as: Charter Schools, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Delaware Military Academy Inc 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 06/2021, Delaware Military Academy Inc generated $7.6m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 2.1% each year. All expenses for the organization totaled $8.0m during the year ending 06/2021. While expenses have increased by 4.1% per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF THE DELAWARE MILITARY ACADEMY IS TO PREPARE YOUNG MEN AND WOMEN FOR THEIR NEXT LEVEL OF EDUCATION AND TO PROVIDE THEM WITH A FOUNDATION THAT LEADS TO GOOD CITIZENSHIP. IN ADDITION, WE WILL FURNISH THEM WITH A HEALTHY MENTAL AND PHYSICAL ENVIRONMENT WITH MILITARY TRAINING AS A REQUISITE FOR A BETTER UNDERSTANDING OF THE OBLIGATIONS OF CITIZENSHIP AND SELF-DISCIPLINE AND TO AFFORD THEM OPPORTUNITIES FOR PROPER SOCIAL ACTIVITIES AND EXPOSURE TO MORAL IDEAS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE NAVY JUNIOR RESERVE OFFICER TRAINING CORPS ("NJROTC") - THIS PROGRAM IS CONDUCTED AT ACCREDITED SECONDARY SCHOOLS THROUGHOUT THE NATION, BY INSTRUCTORS WHO ARE RETIRED NAVY, MARINE CORPS, AND COAST GUARD OFFICERS AND ENLISTED PERSONNEL. CLASSROOM INSTRUCTION IS AUGMENTED THROUGHOUT THE YEAR BY COMMUNITY SERVICES ACTIVITIES, DRILL COMPETITION, FIELD MEETS, FLIGHTS, VISITS TO NAVAL ACTIVITIES AND SERVICE ACADEMIES, MARKSMANSHIP TRAINING, AND OTHER MILITARY TRAINING. UNIFORMS, TEXTBOOKS, TRAINING AIDS, AND TRAVEL ALLOWANCE ARE PROVIDED BY THE NAVY. THROUGH THE NAVY JROTC PROGRAM, THE CADETS HAVE NUMEROUS OPPORTUNITIES TO DEVELOP THEIR LEADERSHIP SKILLS AND ADVANCE THEIR RANK THROUGHOUT THEIR FOUR YEARS AT THE ACADEMY. THE DELAWARE MILITARY ACADEMY IS RATED BY THE NAVY AS A DISTINGUISHED UNIT WITH ACADEMIC HONORS. OUR FAULLY ACCREDITED COLLEGE PREPARATORY PROGRAM IS COMPREHENSIVE AND RIGOROUS AND SUCCESSFULLY PREPARES OUR GRADUATES FOR THEIR NEXT LEVEL OF EDUCATION. AS OF THE CLASS OF 2020, DMA HAS GRADUATED 1,838 CADETS WJP JAVE EARMED OM EXCESS PF 127 MILLON IN SCHOLARSHIP MONIES. EIGHTY-SIX PERCENT OF OUR DMA GRADUATES CHOSE TO ENTER A POST-SECONDAY PROGRAM OF STUDY INCLUDING 4-YEAR COLLEGES AND UNIVERSITIES, 2-YEAR COLLEGE PROGRAMS AND MULTIPLE UNITED STATES SERVICE ACADEMIES. IN ADDITION, 11% OF OUR GRADUATES HAVE CHOSEN TO SERVE IN ONE OF THE FIVE BRANCHES OF ARMED SERVICES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Anthony Pullella Commandant | 40 | $151,735 | |
Kenneth Gatson CFO / Hr Director | 40 | $117,222 | |
David Call Board Member Teacher Repr | Trustee | 40 | $87,527 |
Tony Bariglio Chair | OfficerTrustee | 1 | $0 |
Al Diemedio Secretary | OfficerTrustee | 1 | $0 |
Heath Kahrs Vice Chair & Treasurer | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $5,285,373 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,946,316 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,231,689 |
| Total Program Service Revenue | $336,353 |
| Investment income | $75,403 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,643,445 |
| 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. | $501,412 |
| Compensation of current officers, directors, key employees. | $80,226 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,160,095 |
| Pension plan accruals and contributions | $1,240,454 |
| Other employee benefits | $690,272 |
| Payroll taxes | $266,816 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $27,200 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $388,576 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $217,576 |
| Travel | $2,058 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $603,190 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $575,024 |
| Insurance | $38,035 |
| All other expenses | $105,606 |
| Total functional expenses | $8,007,236 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,713,419 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $19,071,491 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $98,366 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $7,351,525 |
| Total assets | $32,234,801 |
| Accounts payable and accrued expenses | $856,478 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $19,890,048 |
| 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 | $20,509,482 |
| Total liabilities | $41,256,008 |
| Net assets without donor restrictions | -$9,145,997 |
| Net assets with donor restrictions | $124,790 |
| 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 | $32,234,801 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Delaware Military Academy Inc has recieved totaling $51,052.
| Awarding Organization | Amount |
|---|---|
Anthony And Catherine Fusco Foundation New Castle, DE PURPOSE: TO PREPARE YOUNG MEN AND WOMEN FOR THEIR NEXT LEVEL OF EDUCATION AND TO PROVIDE THEM WITH A FOUNDATION THAT LEADS TO GOOD CITIZENSHIP. | $50,000 |
Sykora Family Charitable Foundation Glassboro, NJ PURPOSE: EDUCATIONALSCHOLARSHIP | $1,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $52 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Belmont Charter School Philadelphia, PA | $6,922,339 | $21,008,354 |
University Heights Charter School Of Excellence Inc Newark, NJ | $19,966,425 | $19,377,888 |
Propel Charter School Sunrise Pittsburgh, PA | $9,914,076 | $19,454,226 |
West Oak Lane Charter School Philadelphia, PA | $9,484,536 | $17,633,515 |
Central Jersey College Preparatory Charter School Somerset, NJ | $11,475,546 | $18,846,415 |
Mast Community Charter School Iii Philadelphia, PA | $53,124,349 | $21,172,350 |
Mast Community Charter School Ii Philadelphia, PA | $15,675,168 | $22,231,273 |
Bergen Arts And Science Charter School Fair Lawn, NJ | $12,632,550 | $21,570,680 |
Paterson Arts And Science Charter School Fair Lawn, NJ | $9,568,826 | $19,593,384 |
Freedom Prep Charter School Camden, NJ | $12,014,464 | $18,736,177 |
Mastery Charter School - Harrity Elementary Philadelphia, PA | $9,434,703 | $16,430,234 |
Wissahickon Charter School Philadelphia, PA | $12,512,836 | $17,919,129 |