Nansemond-Suffolk Educational Foundation
- Assets
- $33.5k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Suffolk, VA
- Founding
- 11/2015
- Data as of
- 09/2023
- EIN
- 47-2360748
Organization Overview
Nansemond-Suffolk Educational Foundation is located in Suffolk, VA. The organization was established in 2015. According to its NTEE Classification (B90) the organization is classified as: Educational Services, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Nansemond-Suffolk Educational Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 09/2023, Nansemond-Suffolk Educational Foundation generated $173.2k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.9% each year. All expenses for the organization totaled $194.2k during the year ending 09/2023. While expenses have increased by 3.5% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Douglas C Naismith President | 5 | $0 | |
Mclemore J Birdsong Jr Vice President | 1 | $0 | |
S Paul Huber Treasurer | 1 | $0 | |
Whitney G Saunders Secretary | 1 | $0 | |
John M Council Director | 1 | $0 | |
Corey Russell Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $173,166 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $5 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $173,171 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $6,692 |
| Total expenses | $194,192 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $33,537 |
| Other assets | $0 |
| Total assets | $33,537 |
| Total liabilities | $0 |
| Net assets or fund balances | $33,537 |
Grants Awarded
Over the last fiscal year, Nansemond-Suffolk Educational Foundation has awarded $235,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
NANSEMOND SUFFOLK ACADEMY ASSOCIATION INC PURPOSE: SCHOLARSHIPS | $230,000 |
STONEBRIDGE SCHOOL PURPOSE: SCHOLARSHIPS | $5,000 |