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← NANSEMOND-SUFFOLK EDUCATIONAL FOUNDATION

Form 990 for tax year 2024

Filed by NANSEMOND-SUFFOLK EDUCATIONAL FOUNDATION.

Totals

Total revenue
$202,272
Total expenses
$286,700
Contributions and grants received
$202,252
Grants paid
$276,750
Program service revenue
$0
Investment income
$20
Other revenue
$0
Total assets, end of year
$56,755
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$56,755
Program services expenses (Part IX)
$276,750
Management and general expenses
$9,950
Fundraising expenses
$0
Program service expenses (Part III)
$276,750

Program services were 96.5% 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.

  • 1f · All other contributions, gifts and grants

    $202,252

  • 3 · Investment income

    total $20 · excluded $20

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $276,750 · program services $276,750

  • 24a · Other expenses: ADMINISTRATIVE EXPENSES

    total $9,950 · management and general $9,950

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $141,183 · end of year $56,755

  • 27 · Net assets without donor restrictions

    beginning of year $577 · end of year $597

  • 28 · Net assets with donor restrictions

    beginning of year $140,606 · end of year $56,158

Mission and programs · 2024

Mission

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.

Activities or mission (Part I)

SEE SCHEDULE OTO PROVIDE NEED BASED FINANCIAL AID FOR LOW INCOME STUDENTS ATTENDING NANSEMOND-SUFFOLK ACADEMY ASSOCIATION.

  • TO PROVIDE NEED BASED FINANCIAL AID FOR LOW INCOME STUDENTS RESIDING IN THE COMMONWEALTH OF VIRGINIA. A TOTAL OF 77 SCHOLARSHIPS WERE MADE DURING FISCAL YEAR 2025.

    Expenses $276,750 · Grants $276,750

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Douglas C Naismith

    PRESIDENT

    Total calculated
    $0
    Hours/week
    5

  • McLemore J Birdsong Jr

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Corey Russell

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • John M Council

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Andrew Rivenbark

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Kathleen E Mallas

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

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.

Grants on this return

Provenance

Return type
form_990
Tax year
2024
Filed
27 January 2026
IRS schema version
2024v5.5
Source object
202610289349300726

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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