SARASOTA MILITARY ACADEMY INC

EIN: 651149763 501(c)(3) Education

SARASOTA, FL

Total Revenue
$13,449,547
Total Expenses
$13,060,894
Total Assets
$20,846,969
Net Assets
$10,951,015
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Financial Trends

Organization Details

Formation Year
2002
Legal Domicile
FL
Phone
9419261700
Tax Period
2024-07-01 to 2025-06-30

SARASOTA MILITARY ACADEMY INC, founded in 2002, is a mid-sized nonprofit in the Education sector that reported $13.4M in total revenue in fiscal year 2024. Revenue decreased 6% compared to the prior year.

Mission

WITHIN A CULTURE WHERE EVERY CADET IS HIGHLY VALUED, SARASOTA MILITARY ACADEMY IS COMMITTED TO: (1) PREPARING STUDENTS FOR COLLEGE, CAREERS, AND CITIZENSHIP; (2) DEVELOPING TOMORROW'S LEADERS; AND (3) CULTIVATING CHARACTER BASED UPON THE STEADFAST VALUES OF HONOR, INTEGRITY, AND RESPECT.

Program Service Accomplishments

Program 1
Expenses: $8,584,458 Revenue: $13,163,407

THE SARASOTA MILITARY ACADEMY (SMA) OFFERS A VAST ARRAY OF EXCITING, HIGH INTEREST, AND IN-DEPTH COURSE OFFERINGS (MAJORS). ALL COURSES ARE DESIGNED TO MEET AND EXCEED DISTRICT AND SUNSHINE STATE...

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THE SARASOTA MILITARY ACADEMY (SMA) OFFERS A VAST ARRAY OF EXCITING, HIGH INTEREST, AND IN-DEPTH COURSE OFFERINGS (MAJORS). ALL COURSES ARE DESIGNED TO MEET AND EXCEED DISTRICT AND SUNSHINE STATE STANDARDS AND TO LAUNCH STUDENTS ON A PATH TO FUTURE SUCCESS. OUR GRADUATES ARE WELL PREPARED FOR COLLEGE, MILITARY SERVICE, OR THEIR CHOSEN CAREER FIELD. WE ARE PROUD TO OUTLINE THE "MAJOR OPPORTUNITIES" OFFERED TO SMA CADETS.SMALL CLASS SIZES, INDIVIDUALIZED INSTRUCTION, STRUCTURE, DISCIPLINE, STRINGENTLY ENFORCED DRESS CODES, AND RESPECT IN THE CLASSROOM HELP TO ENSURE A UNIQUE, HIGH QUALITY INSTRUCTIONAL PROGRAM. WE HAVE NO ENTRANCE REQUIREMENTS, BUT WE DO HAVE HIGH EXPECTATIONS FOR OUR CADETSBOTH ACADEMICALLY AND BEHAVIORALLY. ADDITIONAL INFORMATION MAY BE FOUND ON OUR WEBSITE AT: SARASOTAMILITARYACADEMY.ORG.RECIPIENT OF THE UNITED STATES ARMY'S HIGHEST AWARD "HONOR UNIT WITH DISTINCTION". FULLY ACCREDITED BY THE SOUTHERN ASSOCIATION OF COLLEGES AND SCHOOLS/ADVANCED. DRUG TESTING AND CRIMINAL HISTORY BACKGROUND CHECKS OF EVERY EMPLOYEE. A RECOGNIZED COMMUNITY LEADER FOR INVOLVEMENT IN VETERANS AND MEMORIAL DAY PARADES, CIVIC EVENTS, BLOOD BANK CONTRIBUTIONS, LETTERS TO TROOPS, WREATHS ACROSS AMERICA AND TOYS FOR TOTS. FAMILY ORIENTED WITH CONCERN FOR THE SUCCESS OF EACH CADET.JROTC ADVANCED SKILLS DEVELOPMENT AND LEADERSHIP - FOR STUDENTS WHO ARE SERIOUS ABOUT JOINING THE MILITARY AND/OR GOING TO ONE OF THE SERVICE ACADEMIES, STAFF TRAINING IS AVAILABLE. SINCE SMA IS A COLLEGE AND CAREER PREPARATORY SCHOOL, MOST OF OUR STUDENTS (85%) GO ON TO COLLEGERATHER THAN THE MILITARY WITH A 95% GRADUATION RATE. PLEASE BE AWARE THAT ALTHOUGH WE ARE A MILITARY ACADEMY, AND EVERYONE TAKES JROTC, THE FOCUS IN THE PROGRAM IS ON DEVELOPING LEADERSHIP QUALITIES VIA THE JROTC PROGRAM WITH THE END GOAL BEING TO HELP OUR STUDENTS BECOME BETTER CITIZENS, LEADERS, AND TEAM PLAYERS IN THEIR CHOSEN PATH IN LIFE.SMA PREP PARTICIPATED IN THE VETERAN'S AND MEMORIAL DAY PARADES, WREATHS ACROSS AMERICA AND TOYS FOR TOTS. SMA PREP JOINED THE FLORIDA SUN COAST LEAGUE (FSCL) AND IS COMPETING WITH OTHER MEMBERS IN MANY SPORTS.

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $224,195
Program Service Revenue $13,127,017
Investment Income $36,336
Other Revenue $61,999
TOTAL REVENUE $13,449,547

Expense Breakdown

Grants Paid $0
Salaries & Benefits $8,637,612
Fundraising Expenses $0
Program Expenses $8,584,458
Other Expenses $4,423,282
TOTAL EXPENSES $13,060,894

Year-over-Year Comparison

2024 2023 Change
Revenue $13,449,547 $14,232,519 -0.1%
Expenses $13,060,894 $13,788,209 -0.1%
Net Income $388,653 $444,310 -0.1%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
12
Independent Members
11
Employees
166
Volunteers
45

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
4
$0
Total Directors
12
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MS CHRISTINA BOWMAN HEAD OF SCHOOL 50.00
$175,752 $23,180 $198,932
MR STEPHEN KOK DIRECTOR OF FINANCE 50.00
$151,817 $29,823 $181,640
MR TOM VARA HEAD OF SCHOOL PREP 50.00
$131,223 $16,443 $147,666
MS CHERYL KORWIN HEAD OF SCHOOL PREP 50.00
$94,910 $22,345 $117,255
DR THOMAS J MCELHENY Chairman 4.00
Officer Director
$0 $0 $0
MS ERICA GREGORY VICE CHAIR 2.00
Officer Director
$0 $0 $0
MR PETER SKOKOS ESQ Treasurer 2.00
Officer Director
$0 $0 $0
COL BEN KNISELY Secretary 4.00
Officer Director
$0 $0 $0
MR BRENT BOGART Director 1.00
Director
$0 $0 $0
MS HEATHER KOESTER Director 1.00
Director
$0 $0 $0
MS CARLOS MOREIRA Director 2.00
Director
$0 $0 $0
MR JERRY NEFF Director 2.00
Director
$0 $0 $0
MS MICHAEL TOLLERTON Director 2.00
Director
$0 $0 $0
MR RON SKIPPER Director 2.00
Director
$0 $0 $0
MR SCOTT LEMPE Director 1.00
Director
$0 $0 $0
MR RICHARD SWOOPE Director 2.00
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $13,449,547 $13,060,894 $20,846,969 $388,653
2024 $14,232,519 $13,788,209 $20,872,944 $444,310
2023 $14,045,908 $13,666,329 $21,115,288 $379,579
2022 $13,409,207 $13,349,800 $20,925,288 $59,407
2021 $14,952,313 $13,208,183 $22,680,421 $1,744,130
2020 $12,944,388 $12,932,430 $24,040,084 $11,958
2019 $13,559,406 $14,173,845 $23,745,088 $-614,439
2018 $15,045,487 $14,361,503 $25,744,386 $683,984
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