Form 990-EZ for tax year 2022
Filed by NANSEMOND-SUFFOLK EDUCATIONAL FOUNDATION.
Totals
- Total revenue
- $173,171
- Total expenses
- $194,192
- Contributions and grants received
- $173,166
- Grants paid
- $187,500
- Program service revenue
- not reported
- Membership dues (line 3)
- not reported
- Investment income (line 4)
- $5
- Gain or loss on sale of assets (line 5c)
- not reported
- Gaming and fundraising events, net (line 6d)
- not reported
- Gross profit on inventory sales (line 7c)
- not reported
- Other revenue (line 8)
- not reported
- Total assets, end of year
- $33,537
- Total liabilities, end of year
- $0
- Net assets or fund balances, end of year
- $33,537
- Program service expenses (Part III)
- $187,500
Program services were 96.6% of total expenses calculated — Part III's total program service expenses over total expenses, both as filed.
Mission and programs · 2022
Primary exempt purpose
THE MISSION OF NANSEMOND-SUFFOLK ACADEMY EDUCATIONAL FOUNDATION (THE "FOUNDATION") IS TO PROVIDE NEED BASED FINANCIAL AID FOR LOW INCOME STUDENTS ATTENDING NANSEMOND-SUFFOLK ACADEMY ASSOCIATION, INC. (THE "ACADEMY"), A VIRGINIA NON-STOCK CORPORATION, A TAX EXEMPT 501(C)(3) INSTITUTE, OR FOR STUDENTS RESIDING IN THE COMMONWEALTH OF VIRGINIA, WHOSE FAMILIES MEET GUIDELINES ESTABLISHED BY THE COMMONWEALTH OF VIRGINIA RELATIVE TO THE POVERTY LEVEL. THE FOUNDATION SUPPORTS THE ACADEMY AND AT LEAST ONE OTHER EDUCATIONAL INSTITUTION, WHICH THE FOUNDATION HAS DESIGNATED AS STONEBRIDGE SCHOOL.
-
TO PROVIDE NEED BASED FINANCIAL AID FOR LOW INCOME STUDENTS RESIDING IN THE COMMONWEALTH OF VIRGINIA. A TOTAL OF 75 SCHOLARSHIPS WERE MADE DURING FISCAL YEAR 2023.
Expenses $187,500 · Grants $187,500
As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part IV
-
Douglas C NaismithDOUGLAS C NAISMITH
PRESIDENT
- Total calculated
- $0
- Hours/week
- 5
-
McLemore J Birdsong JrMCLEMORE J BIRDSONG JR
VICE PRESIDENT
- Total calculated
- $0
- Hours/week
- 1
-
S Paul HuberS PAUL HUBER
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
Whitney G SaundersWHITNEY G SAUNDERS
SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
John M CouncilJOHN M COUNCIL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Corey RussellCOREY RUSSELL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
Compensation is as filed in Part IV of the Form 990-EZ: compensation, contributions to benefit plans, expense account, 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.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990_ez
- Tax year
- 2022
- Filed
- 19 January 2024
- IRS schema version
- 2022v5.0
- Source object
- 202400259349201050
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