Form 990 for tax year 2024
Filed by NANSEMOND-SUFFOLK ACADEMY ASSOCIATION INCORPORATED.
Totals
- Total revenue
- $24,299,335
- Total expenses
- $20,071,487
- Contributions and grants received
- $5,891,005
- Grants paid
- $3,050,667
- Program service revenue
- $17,875,404
- Investment income
- $423,208
- Other revenue
- $109,718
- Total assets, end of year
- $24,458,721
- Total liabilities, end of year
- $7,022,211
- Net assets or fund balances, end of year
- $17,436,510
- Program services expenses (Part IX)
- $16,517,165
- Management and general expenses
- $3,149,341
- Fundraising expenses
- $404,981
- Program service expenses (Part III)
- $16,517,165
Program services were 82.3% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1c · Fundraising events
$75,005
-
1f · All other contributions, gifts and grants
$5,816,000
-
1g · Noncash contributions included above
$145,593
-
2a · Program service revenue: TUITION
total $16,333,839 · related or exempt $16,333,839
-
2b · Program service revenue: EXTENDED DAY
total $760,839 · related or exempt $760,839
-
2c · Program service revenue: TRANSPORTATION
total $336,481 · related or exempt $336,481
-
2d · Program service revenue: INSTRUCTIONAL
total $175,861 · related or exempt $175,861
-
2e · Program service revenue: REGISTRATION
total $45,675 · related or exempt $45,675
-
2f · All other program service revenue
total $222,709 · related or exempt $222,709
-
3 · Investment income
total $163,521 · excluded $163,521
-
7a · Gross sales of assets other than inventory
securities $269,287
-
7b · Less cost or other basis and sales expenses
securities $0 · other assets $9,600
-
7c · Gain or loss
securities $269,287 · other assets -$9,600
-
7d · Net gain or loss
total $259,687 · excluded $259,687
-
8a · Fundraising events: gross income
$326,455
-
8a · Fundraising events: contributions included on line 1c
$75,005
-
8b · Fundraising events: direct expenses
$228,635
-
8c · Net income from fundraising events
total $97,820 · excluded $97,820
-
11a · Other revenue: OTHER REVENUE
total $11,898 · excluded $11,898
-
11e · Other revenue, total
$11,898
Functional expenses
Part IX, the statement of functional expenses.
-
2 · Grants to domestic individuals
total $3,050,667 · program services $3,050,667
-
5 · Compensation of officers, directors and key employees
total $464,166 · management and general $464,166
-
7 · Other salaries and wages
total $8,989,475 · program services $7,943,914 · management and general $785,180 · fundraising $260,381
-
8 · Pension plan contributions
total $182,733 · program services $167,342 · management and general $9,906 · fundraising $5,485
-
9 · Other employee benefits
total $913,717 · program services $891,758 · management and general $7,646 · fundraising $14,313
-
10 · Payroll taxes
total $682,366 · program services $577,878 · management and general $85,664 · fundraising $18,824
-
11b · Fees: legal
total $7,459 · management and general $7,459
-
11c · Fees: accounting
total $222,027 · management and general $222,027
-
11f · Fees: investment management
total $42,721 · management and general $42,721
-
11g · Fees: other
total $232,966 · management and general $232,966
-
12 · Advertising and promotion
total $84,667 · management and general $84,667
-
13 · Office expenses
total $107,531 · program services $60,442 · management and general $46,981 · fundraising $108
-
14 · Information technology
total $70,855 · program services $67,708 · management and general $3,017 · fundraising $130
-
16 · Occupancy
total $1,237,285 · program services $1,182,326 · management and general $52,687 · fundraising $2,272
-
17 · Travel
total $269,371 · program services $269,371
-
19 · Conferences, conventions and meetings
total $5,756 · management and general $5,756
-
20 · Interest
total $242,731 · management and general $242,731
-
22 · Depreciation, depletion and amortization
total $915,054 · program services $874,409 · management and general $38,965 · fundraising $1,680
-
23 · Insurance
total $174,707 · management and general $174,707
-
24a · Other expenses: INSTRUCTIONAL
total $604,166 · program services $507,804 · management and general $96,362
-
24b · Other expenses: FOOD SERVICE
total $308,742 · program services $308,742
-
24c · Other expenses: BAD DEBT EXPENSE
total $302,540 · management and general $302,540
-
24d · Other expenses: ATHLETICS
total $294,302 · program services $294,302
-
24e · All other expenses
total $665,483 · program services $320,502 · management and general $243,193 · fundraising $101,788
Balance sheet
Part X, book values.
-
2 · Savings and temporary cash investments
beginning of year $1,703,952 · end of year $1,915,416
-
3 · Pledges and grants receivable
beginning of year $655,120 · end of year $3,132,977
-
4 · Accounts receivable
beginning of year $533,427 · end of year $422,133
-
8 · Inventories for sale or use
beginning of year $38,950 · end of year $39,044
-
9 · Prepaid expenses and deferred charges
beginning of year $282,965 · end of year $299,165
-
10a · Land, buildings and equipment: cost or other basis
$31,954,194
-
10b · Land, buildings and equipment: accumulated depreciation
$19,625,442
-
10c · Land, buildings and equipment, net
beginning of year $11,693,038 · end of year $12,328,752
-
11 · Investments: publicly traded securities
beginning of year $5,407,131 · end of year $6,321,234
-
17 · Accounts payable and accrued expenses
beginning of year $1,466,679 · end of year $1,233,955
-
19 · Deferred revenue
beginning of year $483,894 · end of year $525,689
-
20 · Tax-exempt bond liabilities
beginning of year $5,445,017 · end of year $5,262,567
-
27 · Net assets without donor restrictions
beginning of year $10,562,899 · end of year $12,315,861
-
28 · Net assets with donor restrictions
beginning of year $2,356,094 · end of year $5,120,649
Mission and programs · 2024
Mission
NANSEMOND-SUFFOLK ACADEMY BELIEVES THE GOAL OF EDUCATION IS TO CULTIVATE HONORABLE, WELL-INFORMED, RESPONSIBLE, AND COMPASSIONATE PERSONS WHO THINK AND ACT CONSTRUCTIVELY IN A COMPLEX INTERNATIONAL ENVIRONMENT. THE ACADEMY PROVIDES AN EDUCATIONAL ENVIRONMENT THAT IS ACADEMICALLY RIGOROUS AND DRIVEN BY INTELLECTUAL CURIOSITY; THAT CULTIVATES AMONG ITS MEMBERS SOCIAL AWARENESS AND THE VIRTUES OF HONOR, RESPONSIBILITY, RESPECT AND COMPASSIONS; THAT FOSTERS A LIFELONG COMMITMENT TO LEARNING AND SERVICE AND THAT INSTILLS A SENSE OF PRIDE IN INDIVIDUAL AND GROUP ACCOMPLISHMENT. THE ULTIMATE GOAL IS FOR EACH STUDENT TO REACH HIS OR HER POTENTIAL: ACADEMICALLY, PHYSICALLY, EMOTIONALLY, SOCIALLY, MORALLY, AND CREATIVELY.
Activities or mission (Part I)
AT NANSEMOND-SUFFOLK ACADEMY, STUDENTS ARE ENGAGED IN PERSONAL GROWTH, INSPIRED TO DISCOVER THEIR PASSION AND EMPOWERED TO MAKE A DIFFERENCE IN THE WORLD.
-
INSTRUCTIONAL: FUNDS WERE USED TO PROVIDE COMPREHENSIVE EDUCATIONAL PROGRAMS TO APPROXIMATELY 885 STUDENTS IN GRADES PRE-KINDERGARTEN TO 12.
Expenses $14,649,226 · Grants $3,050,667 · Revenue $16,555,375
-
AUXILIARY SERVICES: FUNDS WERE USED TO PROVIDE FOOD, CAMPUS STORE, AND TRANSPORTATION TO STUDENTS IN GRADES PRE-KINDERGARTEN TO 12.
Expenses $1,155,072 · Revenue $336,481
-
OTHER PROGRAMS: FUNDS WERE USED TO PROVIDE SPECIAL PROGRAMS SUCH AS EXTENDED DAY CARE, SUMMER PROGRAMS, AND EDUCATIONAL RESOURCES TO STUDENTS IN GRADES PRE-KINDERGARTEN TO 12.
Expenses $712,867 · Revenue $983,548
As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Latrice Basden-ClarkeLATRICE BASDEN-CLARKE
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Learlino BluittLEARLINO BLUITT
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Andrew L BollingANDREW L BOLLING
TREASURER, FINANCE & AUDIT COMM CHAIR
- Total calculated
- $0
- Hours/week
- 5
-
William BrothersWILLIAM BROTHERS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
James M CoxJAMES M COX
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Harry Cross IVHARRY CROSS IV
ADVANCEMENT COMM CHAIR
- Total calculated
- $0
- Hours/week
- 5
-
Tim CulpepperTIM CULPEPPER
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Beth DefeoBETH DEFEO
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Dr James E HammondDR JAMES E HAMMOND
GOVERNANCE COMM CHAIR
- Total calculated
- $0
- Hours/week
- 5
-
J Carney HawksJ CARNEY HAWKS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Charles Benjamin JohnsonCHARLES BENJAMIN JOHNSON
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
W Ashton Lewis JrW ASHTON LEWIS JR
VICE CHAIR, INCLUSIVITY & MC COMM CHAIR
- Total calculated
- $0
- Hours/week
- 5
-
Dr Anitha MalaisamyDR ANITHA MALAISAMY
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Ryan NelmsRYAN NELMS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Jeanette L OjedaJEANETTE L OJEDA
SECRETARY
- Total calculated
- $0
- Hours/week
- 5
-
Andrew RivenbankANDREW RIVENBANK
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Roy Runyon IIIROY RUNYON III
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Matthew W SawyerMATTHEW W SAWYER
BUILDINGS & GROUNDS COMM CHAIR
- Total calculated
- $0
- Hours/week
- 5
-
Julia L SlatteryJULIA L SLATTERY
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Vernon M TowlerVERNON M TOWLER
CHAIRMAN
- Total calculated
- $0
- Hours/week
- 5
-
William Matthew TuttleWILLIAM MATTHEW TUTTLE
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Michael BarclayMICHAEL BARCLAY
HEAD OF SCHOOL
- Total calculated
- $300,708
- From this org
- $262,521
- From related orgs
- $0
- Other
- $38,187
- Hours/week
- 50
Schedule J breakdown matched by us
- Base
- $232,521
- Bonus
- $30,000
- Other
- $0
- Deferred
- $9,815
- Nontaxable benefits
- $28,372
- Filer's total
- $300,708
-
Angela ThompsonANGELA THOMPSON
DIRECTOR OF FIN & ACCT
- Total calculated
- $151,015
- From this org
- $117,231
- From related orgs
- $0
- Other
- $33,784
- Hours/week
- 50
Schedule J breakdown matched by us
- Base
- $117,231
- Bonus
- $0
- Other
- $0
- Deferred
- $5,081
- Nontaxable benefits
- $28,703
- Filer's total
- $151,015
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
- 1a · Tax indemnification and gross-up payments
- 1a · Health or social club dues or initiation fees
- 1b · Written policy on the line-1a expenses
- 2 · Substantiation required before reimbursing expenses
- 3 · Compensation committee
- 3 · Written employment contract
- 3 · Approval by the board or compensation committee
- 7 · Other non-fixed payments
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
- 5a · Pay contingent on this organization's revenues
- 5b · Pay contingent on a related organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 8 · Paid under the initial-contract exception
The filer's explanations (Part III)
- PART I, LINE 1A
- IN ORDER TO PROMOTE THE ORGANIZATION'S RELATIONSHIP WITH THE COMMUNITY, THE ORGANIZATION PAYS THE COST OF THE HEAD OF SCHOOL'S MEMBERSHIP IN VARIOUS SOCIAL CLUBS. TOTAL EXPENSES FOR 2024 WERE $7,968 AND TREATED AS A NONTAXABLE BENEFIT SINCE THEY WERE PROVIDED FOR BUSINESS PURPOSES. TAX INDEMNIFICATION AND GROSS-UP PAYMENTS ARE RELATED TO HEALTH INSURANCE COSTS AS WELL AS LONG TERM DISABILITY AND LIFE INSURANCE.
- PART I, LINE 7
- MICHAEL BARCLAY'S BONUS WAS BASED ON PERFORMANCE AS PART OF THE BOARD'S EVALUATION.
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 10 February 2026
- IRS schema version
- 2024v5.5
- Source object
- 202640419349301809
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