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Nonprofiteer
← NORFOLK ACADEMY

Form 990 for tax year 2023

Filed by NORFOLK ACADEMY.

Totals

Total revenue
$36,529,507
Total expenses
$39,878,940
Contributions and grants received
$5,708,794
Grants paid
$0
Program service revenue
$27,983,679
Investment income
$1,691,577
Other revenue
$1,145,457
Total assets, end of year
$163,764,684
Total liabilities, end of year
$12,782,727
Net assets or fund balances, end of year
$150,981,957
Program services expenses (Part IX)
$32,747,203
Management and general expenses
$5,726,163
Fundraising expenses
$1,405,574
Program service expenses (Part III)
$32,747,203

Program services were 82.1% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • ALFRED M RANDOLPH JR

    TRUSTEE - GOVERNANCE

    Total calculated
    $0
    Hours/week
    3
  • MICHELLE BASS ADAMS

    TRUSTEE - BUILDING AND GROUNDS

    Total calculated
    $0
    Hours/week
    3
  • THOMAS A ALBERICO

    TRUSTEE - TREASURER

    Total calculated
    $0
    Hours/week
    3
  • LD BRITT

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • RICHARD C BURROUGHS JR

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • RHONDA G DURHAM

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • GUY R FRIDDELL III

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • JOHN L GIBSON III

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • OWEN D GRIFFIN JR

    TRUSTEE - EDUCATION

    Total calculated
    $0
    Hours/week
    3
  • CONRAD M HALL

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • KATHERINE M HINES

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • IAN A HOLDER

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • SANDRA PORTER LEON

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • KATHLEEN KELLY OBERG

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • J CHRISTOPHER PERRY

    TRUSTEE - FINANCE

    Total calculated
    $0
    Hours/week
    3
  • THOMAS V RUEGER JR

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • JOHN W RUFFIN

    TRUSTEE - DEVELOPMENT

    Total calculated
    $0
    Hours/week
    3
  • SAMUEL E STEINGOLD

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • TIMOTHY J STIFFLER

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • RONY THOMAS

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • WILLIAM R VAN BUREN III

    SECRETARY

    Total calculated
    $0
    Hours/week
    3
  • FRANK J WOOD III

    TRUSTEE - INVESTMENT

    Total calculated
    $0
    Hours/week
    3
  • JOHN O WYNNE JR

    TRUSTEE - CHAIRMAN OF THE BOARD

    Total calculated
    $0
    Hours/week
    5
  • JASON A DEANS

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • JOHN REED

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • AARTHY THAMODARAN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • JOANNE M INMAN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • GEN JOHN P JUMPER RET

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • DENNIS G MANNING

    HEADMASTER (FORMER)

    Total calculated
    $488,215
    From this org
    $452,008
    From related orgs
    $0
    Other
    $36,207
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $405,081
    Bonus
    $0
    Other
    $46,927
    Deferred
    $20,790
    Nontaxable benefits
    $15,417
    Filer's total
    $488,215
  • JEFFREY A MARTIN

    ASSISTANT HEAD OF SCHOOL

    Total calculated
    $366,735
    From this org
    $309,766
    From related orgs
    $0
    Other
    $56,969
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $308,800
    Bonus
    $0
    Other
    $966
    Deferred
    $33,594
    Nontaxable benefits
    $23,375
    Filer's total
    $366,735
  • TRAVIS LARRABEE

    HEAD OF SCHOOL

    Total calculated
    $279,302
    From this org
    $249,517
    From related orgs
    $0
    Other
    $29,785
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $249,114
    Bonus
    $0
    Other
    $403
    Deferred
    $9,000
    Nontaxable benefits
    $20,785
    Filer's total
    $279,302
  • GRAYSON K BRYANT

    ASSISTANT HEAD OF SCHOOL

    Total calculated
    $267,564
    From this org
    $208,384
    From related orgs
    $0
    Other
    $59,180
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $207,754
    Bonus
    $0
    Other
    $630
    Deferred
    $17,543
    Nontaxable benefits
    $41,637
    Filer's total
    $267,564
  • MICHELLE ALEXANDER

    DIRECTOR, LOWER SCHOOL

    Total calculated
    $210,037
    From this org
    $161,830
    From related orgs
    $0
    Other
    $48,207
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $161,314
    Bonus
    $0
    Other
    $516
    Deferred
    $9,203
    Nontaxable benefits
    $39,004
    Filer's total
    $210,037
  • SEAN WETMORE

    DIRECTOR OF CENTER FOR LEA

    Total calculated
    $172,065
    From this org
    $152,926
    From related orgs
    $0
    Other
    $19,139
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $151,600
    Bonus
    $0
    Other
    $1,326
    Deferred
    $16,764
    Nontaxable benefits
    $2,375
    Filer's total
    $172,065
  • LINDA GORSLINE

    ASSOCIATE HEAD OF SCHOOL

    Total calculated
    $218,933
    From this org
    $193,541
    From related orgs
    $0
    Other
    $25,392
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $190,900
    Bonus
    $0
    Other
    $2,641
    Deferred
    $22,517
    Nontaxable benefits
    $2,875
    Filer's total
    $218,933
  • JENNIFER SCOTT

    DIRECTOR, COLLEGE COUNSELI

    Total calculated
    $204,205
    From this org
    $153,658
    From related orgs
    $0
    Other
    $50,547
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $127,458
    Bonus
    $0
    Other
    $26,200
    Deferred
    $14,269
    Nontaxable benefits
    $36,278
    Filer's total
    $204,205

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 · Travel for companions
  • 1a · Tax indemnification and gross-up payments
  • 1a · Housing allowance or residence for personal use
  • 1a · Health or social club dues or initiation fees
  • 1a · Personal services (maid, chauffeur, chef)
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation committee
  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 4a · Severance or change-of-control payment
  • 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
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

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
2023
Filed
28 March 2025
IRS schema version
2023v6.0
Source object
202531139349301443

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