Nansemond-Suffolk Academy Association Incorporated
- Assets
- $19.9m
- Revenue
- $17.7m
- Investments
- $0.0
- Employees
- 288
- Location
- Suffolk, VA
- Founding
- 07/1968
- Data as of
- 06/2022
- EIN
- 54-0801408
Organization Overview
Nansemond-Suffolk Academy Association Incorporated is located in Suffolk, VA. The organization was established in 1968. According to its NTEE Classification (B24) the organization is classified as: Primary & Elementary Schools, under the broad grouping of Education and related organizations. As of 06/2022, Nansemond-Suffolk Academy Association Incorporated employed 288 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Nansemond-Suffolk Academy Association Incorporated 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 06/2022, Nansemond-Suffolk Academy Association Incorporated generated $17.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.1% each year. All expenses for the organization totaled $17.0m during the year ending 06/2022. While expenses have increased by 4.8% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
AT NANSEMOND-SUFFOLK ACADEMY, STUDENTS ARE ENGAGED IN PERSONAL GROWTH, INSPIRED TO DISCOVER THEIR PASSION AND EMPOWERED TO MAKE A DIFFERENCE IN THE WORLD.
Describe the Organization's Program Activity:
Part 3 - Line 4a
INSTRUCTIONAL: FUNDS WERE USED TO PROVIDE COMPREHENSIVE EDUCATIONAL PROGRAMS TO APPROXIMATELY 926 STUDENTS IN GRADES PRE-KINDERGARTEN TO 12.
OTHER PROGRAMS: FUNDS WERE USED TO PROVIDE SPECIAL PROGRAMS SUCH AS EXTENDED DAY CARE, SUMMER PROGRAMS, AND EDUCATIONAL RESOURCES TO STUDENTS IN GRADES PRE-KINDERGARTEN TO 12.
AUXILIARY SERVICES: FUNDS WERE USED TO PROVIDE FOOD, CAMPUS STORE, AND TRANSPORTATION TO STUDENTS IN GRADES PRE-KINDERGARTEN TO 12.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Deborah Russell Head Of School | Officer | 50 | $262,952 |
Angela Thompson Director Of Finance And Accounting | Officer | 50 | $102,409 |
Langley Harrell III Chairman | OfficerTrustee | 5 | $0 |
Ashton Lewis Jr Vice Chairman | OfficerTrustee | 5 | $0 |
Andrew L Bolling Treasurer And Finance Committee Chair | OfficerTrustee | 5 | $0 |
Nicole J Harrell Governance Committee Chair | OfficerTrustee | 5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Flik Independent School Dining Dining | 6/29/22 | $468,873 |
Chesapeake Controls Hvac | 6/29/22 | $168,287 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $76,241 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,780,373 |
| Noncash contributions included in lines 1a–1f | $254,960 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,856,614 |
| Total Program Service Revenue | $15,465,133 |
| Investment income | $67,636 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $153,175 |
| Net Income from Fundraising Events | $52,207 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $17,664,822 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $3,036,956 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $408,352 |
| Compensation of current officers, directors, key employees. | $408,352 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $7,476,158 |
| Pension plan accruals and contributions | $152,313 |
| Other employee benefits | $830,042 |
| Payroll taxes | $553,228 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $17,707 |
| Fees for services: Accounting | $40,196 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $28,423 |
| Fees for services: Other | $109,991 |
| Advertising and promotion | $80,332 |
| Office expenses | $167,536 |
| Information technology | $208,926 |
| Royalties | $0 |
| Occupancy | $924,005 |
| Travel | $183,046 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,015 |
| Interest | $257,975 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $951,958 |
| Insurance | $124,485 |
| All other expenses | $266,435 |
| Total functional expenses | $16,960,538 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $3,118,151 |
| Pledges and grants receivable | $112,484 |
| Accounts receivable, net | $300,913 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $30,126 |
| Prepaid expenses and deferred charges | $231,264 |
| Net Land, buildings, and equipment | $12,626,617 |
| Investments—publicly traded securities | $3,475,778 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $19,895,333 |
| Accounts payable and accrued expenses | $1,118,042 |
| Grants payable | $0 |
| Deferred revenue | $411,353 |
| Tax-exempt bond liabilities | $5,787,992 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $7,317,387 |
| Net assets without donor restrictions | $11,511,158 |
| Net assets with donor restrictions | $1,066,788 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $19,895,333 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Nansemond-Suffolk Academy Association Incorporated has recieved totaling $677.
| Awarding Organization | Amount |
|---|---|
Allstate Foundation Northbrook, IL PURPOSE: AGENT - INDIVIDUAL HH GRANT | $500 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $177 |
Endowment Analysis
| Beg. Balance | $3,731,706 |
| Earnings | -$507,204 |
| Net Contributions | $342,776 |
| Grants | $91,500 |
| Ending Balance | $3,475,778 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Ensworth School Nashville, TN | $203,625,309 | $44,175,360 |
Washington International School Washington, DC | $132,347,025 | $55,642,872 |
American Embassy School Association Washington Dc, DC | $98,314,140 | $33,598,614 |
Capital City Public Charter School Inc Washington, DC | $43,801,166 | $29,982,294 |
Freedom Preparatory Academy Inc Memphis, TN | $50,857,494 | $33,295,008 |
Cannon School Inc Concord, NC | $52,291,449 | $28,580,834 |
Thales Academy Raleigh, NC | $136,454,160 | $55,473,682 |
Franklin Road Academy Inc Nashville, TN | $58,128,778 | $31,046,189 |
Brentwood Academy Inc Brentwood, TN | $50,379,157 | $25,930,047 |
Lake Norman Charter School Inc Huntersville, NC | $64,551,351 | $25,126,213 |
Two Rivers Public Charter School Inc Washington, DC | $70,128,237 | $23,149,054 |
Greensboro Independent School Corporation Greensboro, NC | $42,520,891 | $22,760,621 |