Nansemond-Suffolk Academy Association Incorporated
- Assets
- $19.7m
- Revenue
- $18.4m
- Investments
- $0.0
- Employees
- 339
- Location
- Suffolk, VA
- Founding
- 07/1968
- Data as of
- 06/2023
- 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 06/2023, Nansemond-Suffolk Academy Association Incorporated employed 339 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 06/2023, Nansemond-Suffolk Academy Association Incorporated generated $18.4m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.2% each year. All expenses for the organization totaled $18.9m during the year ending 06/2023. While expenses have increased by 5.6% per year over the past 8 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
2023
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 909 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.
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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Latrice Basden-Clarke Trustee | Trustee | 1 | $0 |
Jennifer P Bivins Vice Chairman & Advancment Comm Chair | OfficerTrustee | 5 | $0 |
Andrew L Bolling Treasurer & Fin Comm Chair | OfficerTrustee | 5 | $0 |
William Brothers Trustee | Trustee | 1 | $0 |
Howard Casterlow Trustee | Trustee | 1 | $0 |
James M Cox Trustee | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Flik International School Dining Dining | 6/29/23 | $730,149 |
Chesapeake Controls Hvac | 6/29/23 | $156,410 |
Vanguard Cleaning Systems Of Virginia Cleaning | 6/29/23 | $139,241 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $69,300 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,708,280 |
| Noncash contributions included in lines 1a–1f | $186,173 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,777,580 |
| Total Program Service Revenue | $16,339,116 |
| Investment income | $112,193 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $90,221 |
| Net Income from Fundraising Events | $70,406 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $18,442,964 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $2,903,928 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $542,661 |
| Compensation of current officers, directors, key employees. | $542,661 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $8,472,420 |
| Pension plan accruals and contributions | $163,362 |
| Other employee benefits | $916,294 |
| Payroll taxes | $666,327 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $41,277 |
| Fees for services: Accounting | $84,109 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $28,503 |
| Fees for services: Other | $123,009 |
| Advertising and promotion | $93,508 |
| Office expenses | $199,275 |
| Information technology | $180,322 |
| Royalties | $0 |
| Occupancy | $1,020,984 |
| Travel | $284,992 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $5,986 |
| Interest | $249,314 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $905,175 |
| Insurance | $131,593 |
| All other expenses | $567,618 |
| Total functional expenses | $18,913,922 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,577,715 |
| Pledges and grants receivable | $64,552 |
| Accounts receivable, net | $422,055 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $20,048 |
| Prepaid expenses and deferred charges | $200,967 |
| Net Land, buildings, and equipment | $12,134,233 |
| Investments—publicly traded securities | $4,231,984 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $19,651,554 |
| Accounts payable and accrued expenses | $1,235,208 |
| Grants payable | $0 |
| Deferred revenue | $486,729 |
| Tax-exempt bond liabilities | $5,619,900 |
| 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 | $7,341,837 |
| Net assets without donor restrictions | $10,814,830 |
| Net assets with donor restrictions | $1,494,887 |
| 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 | $19,651,554 |