Totals
- Total revenue
- $33,112,865
- Total expenses
- $37,141,903
- Contributions and grants received
- $4,104,621
- Grants paid
- $0
- Program service revenue
- $27,170,938
- Investment income
- $1,010,404
- Other revenue
- $826,902
- Total assets, end of year
- $163,000,776
- Total liabilities, end of year
- $14,044,388
- Net assets or fund balances, end of year
- $148,956,388
- Program services expenses (Part IX)
- $30,464,012
- Management and general expenses
- $5,449,011
- Fundraising expenses
- $1,228,880
- Program service expenses (Part III)
- $30,464,012
Program services were 82.0% 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
$4,104,621
-
1g · Noncash contributions included above
$442,920
-
2a · Program service revenue: TUITION AND FEES
total $25,624,023 · related or exempt $25,624,023
-
2b · Program service revenue: AUXILARY SERVICES
total $922,516 · related or exempt $922,516
-
2c · Program service revenue: SUMMER PROGRAMS
total $624,399 · related or exempt $624,399
-
3 · Investment income
total $1,010,404 · related or exempt $290,604 · unrelated business $719,800
-
6a · Gross rents
real property $107,166
-
6b · Less rental expenses
real property $0
-
6c · Rental income or loss
real property $107,166
-
6d · Net rental income or loss
total $107,166 · related or exempt $107,166
-
8a · Fundraising events: gross income
$342,786
-
8b · Fundraising events: direct expenses
$239,030
-
8c · Net income from fundraising events
total $103,756 · excluded $103,756
-
9a · Gaming: gross income
$22,783
-
9b · Gaming: direct expenses
$6,985
-
9c · Net income from gaming
total $15,798 · excluded $15,798
-
10a · Gross sales of inventory
$699,373
-
10b · Cost of goods sold
$462,022
-
10c · Net income from sales of inventory
total $237,351 · related or exempt $237,351
-
11a · Other revenue: OTHER MISCELLANEOUS REVENUE
total $362,831 · excluded $362,831
-
11e · Other revenue, total
$362,831
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $1,045,446 · management and general $1,045,446
-
7 · Other salaries and wages
total $15,506,152 · program services $13,649,919 · management and general $1,227,999 · fundraising $628,234
-
8 · Pension plan contributions
total $1,406,667 · program services $1,152,136 · management and general $206,412 · fundraising $48,119
-
9 · Other employee benefits
total $3,818,929 · program services $3,224,256 · management and general $532,123 · fundraising $62,550
-
10 · Payroll taxes
total $1,164,687 · program services $1,066,126 · management and general $55,857 · fundraising $42,704
-
11f · Fees: investment management
total $625,823 · management and general $625,823
-
11g · Fees: other
total $225,700 · program services $83,563 · management and general $140,637 · fundraising $1,500
-
12 · Advertising and promotion
total $118,228 · program services $5,157 · management and general $112,471 · fundraising $600
-
13 · Office expenses
total $652,637 · program services $377,747 · management and general $164,005 · fundraising $110,885
-
14 · Information technology
total $83,598 · program services $79,093 · management and general $2,726 · fundraising $1,779
-
17 · Travel
total $909,546 · program services $809,728 · management and general $89,625 · fundraising $10,193
-
19 · Conferences, conventions and meetings
total $82,126 · program services $48,783 · management and general $31,628 · fundraising $1,715
-
20 · Interest
total $214,282 · management and general $214,282
-
22 · Depreciation, depletion and amortization
total $3,881,510 · program services $3,791,459 · management and general $49,295 · fundraising $40,756
-
23 · Insurance
total $343,926 · program services $10,306 · management and general $328,104 · fundraising $5,516
-
24a · Other expenses: CONTRACTED SERVICES
total $2,797,997 · program services $2,516,684 · management and general $178,718 · fundraising $102,595
-
24b · Other expenses: REFECTORY
total $1,112,243 · program services $836,207 · management and general $166,166 · fundraising $109,870
-
24c · Other expenses: UTILITIES
total $960,071 · program services $938,338 · management and general $11,897 · fundraising $9,836
-
24d · Other expenses: EQUIPMENT RENTAL & MAIN
total $934,784 · program services $773,327 · management and general $111,818 · fundraising $49,639
-
24e · All other expenses
total $1,257,551 · program services $1,101,183 · management and general $153,979 · fundraising $2,389
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $8,712,440 · end of year $8,285,366
-
3 · Pledges and grants receivable
beginning of year $1,238,559 · end of year $1,008,609
-
4 · Accounts receivable
beginning of year $179,372 · end of year $126,762
-
8 · Inventories for sale or use
beginning of year $220,225 · end of year $251,662
-
9 · Prepaid expenses and deferred charges
beginning of year $381,216 · end of year $562,247
-
10a · Land, buildings and equipment: cost or other basis
$110,624,510
-
10b · Land, buildings and equipment: accumulated depreciation
$56,331,110
-
10c · Land, buildings and equipment, net
beginning of year $56,332,470 · end of year $54,293,400
-
12 · Investments: other securities
beginning of year $95,853,706 · end of year $96,015,055
-
15 · Other assets
beginning of year $2,367,918 · end of year $2,457,675
-
17 · Accounts payable and accrued expenses
beginning of year $4,451,709 · end of year $4,357,712
-
19 · Deferred revenue
beginning of year $1,310,969 · end of year $1,495,247
-
20 · Tax-exempt bond liabilities
beginning of year $9,286,465 · end of year $7,984,444
-
25 · Other liabilities
beginning of year $151,845 · end of year $206,985
-
27 · Net assets without donor restrictions
beginning of year $71,252,327 · end of year $74,187,601
-
28 · Net assets with donor restrictions
beginning of year $78,832,591 · end of year $74,768,787
Mission and programs · 2022
Mission
THE NORFOLK ACADEMY IS A COLLEGE PREPARATORY CO-EDUCATIONAL DAY SCHOOL THAT STRIVES TO ASSIST ITS STUDENTS TO DEVELOP MATURITY OF BODY, MIND, AND CHARACTER. WE HOPE TO ENGENDER AN AWARENESS AND APPRECIATION OF INTELLECTUAL, AESTHETIC, AND MORAL EXCELLENCE IN A SETTING THAT OFFERS WELL-DEVELOPED PROGRAMS, NOT ONLY IN THE ACADEMIC DISCIPLINES, BUT ALSO IN FINE ARTS AND ATHLETICS. WE AIM TO PREPARE STUDENTS TO BECOME USEFUL AND RESPONSIBLE CITIZENS OF A DEMOCRACY. WE STRIVE TO MAKE THEM AWARE OF THEIR ROLES IN CREATING A JUST SOCIETY. WE ARE COMMITTED TO THE SPIRITUAL AND ETHICAL VALUES OF THE JUDEO-CHRISTIAN HERITAGE AND ENVISION THAT THESE WILL BECOME A PART OF THE BEING OF EACH MEMEBER OF THE NORFOLK ACADEMY COMMUNITY. NORFOLK ACADEMY SEEKS TO OFFER A COORDINATED PROGRAM FOR STUDENTS, BUILDING AND EXPANDING ON KNOWLEDGE AND EXPERIENCE FROM GRADES ONE THROUGH TWELVE, ENCOURAGING RESPONSIBLE PARTICIPATION IN A VARIETY OF SCHOOL ACTIVITIES, PROVIDING OPPORTUNITIES FOR LEADERSHIP TRAINING
Activities or mission (Part I)
NORFOLK ACADEMY SEEKS TO OFFER A COORDINATED PROGRAM FOR STUDENTS, BUILDING AND EXPANDING ON KNOWLEDGE AND EXPERIENCE FROM GRADES ONE THROUGH TWELVE.
-
SUMMER SCHOOL & OTHER SPONSORED PROGRAMS
Expenses $828,057 · Revenue $624,411
-
INSTRUCTIONAL & GENERAL PROGRAMS FOR STUDENTS GRADES 1-12
Expenses $29,635,955 · Revenue $27,181,648
As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Alfred M Randolph JrALFRED M RANDOLPH JR
PRESIDENT
- Total calculated
- $0
- Hours/week
- 5
-
Michelle Bass AdamsMICHELLE BASS ADAMS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Thomas A AlbericoTHOMAS A ALBERICO
TREASURER
- Total calculated
- $0
- Hours/week
- 3
-
Frances L BeasleyFRANCES L BEASLEY
VICE PRESIDENT - EDUCATION
- Total calculated
- $0
- Hours/week
- 3
-
Lawrence A Bernert IIILAWRENCE A BERNERT III
VICE PRESIDENT - INVESTMEN
- Total calculated
- $0
- Hours/week
- 3
-
Ld BrittLD BRITT
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Richard C Burroughs JrRICHARD C BURROUGHS JR
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Rhonda G DurhamRHONDA G DURHAM
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Guy R Friddell IIIGUY R FRIDDELL III
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
John L Gibson IIIJOHN L GIBSON III
VICE PRESIDENT - DEVELOPME
- Total calculated
- $0
- Hours/week
- 3
-
Owen D Griffin JrOWEN D GRIFFIN JR
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Conrad M HallCONRAD M HALL
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Katherine M HinesKATHERINE M HINES
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Ian A HolderIAN A HOLDER
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Peter M IllPETER M ILL
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Sandra Porter LeonSANDRA PORTER LEON
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Kathleen Kelly ObergKATHLEEN KELLY OBERG
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
J Christopher PerryJ CHRISTOPHER PERRY
VICE PRESIDENT - BUILDING
- Total calculated
- $0
- Hours/week
- 3
-
Thomas V Rueger JrTHOMAS V RUEGER JR
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
John W RuffinJOHN W RUFFIN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Tracy G SavageTRACY G SAVAGE
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Samuel E SteingoldSAMUEL E STEINGOLD
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Timothy J StifflerTIMOTHY J STIFFLER
VICE PRESIDENT - GOVERNANC
- Total calculated
- $0
- Hours/week
- 3
-
Rony ThomasRONY THOMAS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
William R Van Buren IIIWILLIAM R VAN BUREN III
SECRETARY
- Total calculated
- $0
- Hours/week
- 3
-
C Benjamin VanderberryC BENJAMIN VANDERBERRY
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
G Dudley WareG DUDLEY WARE
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Frank J Wood IIIFRANK J WOOD III
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
John O Wynne JrJOHN O WYNNE JR
VICE PRESIDENT - FINANCE
- Total calculated
- $0
- Hours/week
- 3
-
John ReedJOHN REED
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Aarthy ThamodaranAARTHY THAMODARAN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Dennis G ManningDENNIS G MANNING
HEADMASTER
- Total calculated
- $665,124
- From this org
- $605,506
- From related orgs
- $0
- Other
- $59,618
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $592,625
- Bonus
- $0
- Other
- $12,881
- Deferred
- $31,900
- Nontaxable benefits
- $27,718
- Filer's total
- $665,124
-
Jeffrey A MartinJEFFREY A MARTIN
ASSISTANT HEADMASTER
- Total calculated
- $332,764
- From this org
- $287,066
- From related orgs
- $0
- Other
- $45,698
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $286,100
- Bonus
- $0
- Other
- $966
- Deferred
- $23,443
- Nontaxable benefits
- $22,255
- Filer's total
- $332,764
-
Grayson K BryantGRAYSON K BRYANT
ASSISTANT HEADMASTER
- Total calculated
- $257,660
- From this org
- $194,918
- From related orgs
- $0
- Other
- $62,742
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $194,288
- Bonus
- $0
- Other
- $630
- Deferred
- $16,800
- Nontaxable benefits
- $45,942
- Filer's total
- $257,660
-
Michelle AlexanderMICHELLE ALEXANDER
DIRECTOR, LOWER SCHOOL
- Total calculated
- $216,873
- From this org
- $168,283
- From related orgs
- $0
- Other
- $48,590
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $167,750
- Bonus
- $0
- Other
- $533
- Deferred
- $9,595
- Nontaxable benefits
- $38,995
- Filer's total
- $216,873
-
Sean WetmoreSEAN WETMORE
DIRECTOR OF CENTER FOR LEA
- Total calculated
- $173,273
- From this org
- $137,693
- From related orgs
- $0
- Other
- $35,580
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $137,022
- Bonus
- $0
- Other
- $671
- Deferred
- $16,020
- Nontaxable benefits
- $19,560
- Filer's total
- $173,273
-
Linda GorslineLINDA GORSLINE
ASSOCIATE HEADMASTER
- Total calculated
- $200,471
- From this org
- $178,170
- From related orgs
- $0
- Other
- $22,301
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $175,750
- Bonus
- $0
- Other
- $2,420
- Deferred
- $19,426
- Nontaxable benefits
- $2,875
- Filer's total
- $200,471
-
Jennifer ScottJENNIFER SCOTT
DIRECTOR, COLLEGE COUNSELI
- Total calculated
- $192,547
- From this org
- $145,829
- From related orgs
- $0
- Other
- $46,718
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $120,931
- Bonus
- $0
- Other
- $24,898
- Deferred
- $11,596
- Nontaxable benefits
- $35,122
- Filer's total
- $192,547
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
- 2022
- Filed
- 17 April 2024
- IRS schema version
- 2022v5.0
- Source object
- 202411099349300036
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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