2025-02-25T09:11:03-06:00 2024-06-30 882730877 CHERRY BEKAERT ADVISORY LLC 222 CENTRAL PARK AVE STE 1400 VIRGINIA BEACH VA 23462 990 2023-07-01 540801408 NANSEMOND SUFFOLK ACADEMY ASSOCIATION INC NANS 7575398789 3373 PRUDEN BLVD SUFFOLK VA 23434 MICHAEL BARCLAY HEAD OF SCHOOL 7575398789 2025-02-04 1 1 BREE-ANN WEIDNER P01319397 7574562400 2023 2025-03-06 01:10:19Z MICHAEL BARCLAY 3373 PRUDEN BLVD SUFFOLK VA 23434 19941153 0 X WWW.NSACADEMY.ORG X 1966 VA AT NANSEMOND-SUFFOLK ACADEMY, STUDENTS ARE ENGAGED IN PERSONAL GROWTH, INSPIRED TO DISCOVER THEIR PASSION AND EMPOWERED TO MAKE A DIFFERENCE IN THE WORLD. 19 19 325 400 0 0 1777580 2636246 16339116 16648927 202414 206507 123854 123305 18442964 19614985 2903928 2799197 0 0 10761064 11156628 0 0 399810 5248930 5488699 18913922 19444524 -470958 170461 19651554 20314583 7341837 7395590 12309717 12918993 X NANSEMOND-SUFFOLK ACADEMY BELIEVES THE GOAL OF EDUCATION IS TO CULTIVATE HONORABLE, WELL-INFORMED, RESPONSIBLE, AND COMPASSIONATE PERSONS WHO THINK AND ACT CONSTRUCTIVELY IN A COMPLEX INTERNATIONAL ENVIRONMENT. THE ACADEMY PROVIDES AN EDUCATIONAL ENVIRONMENT THAT IS ACADEMICALLY RIGOROUS AND DRIVEN BY INTELLECTUAL CURIOSITY; THAT CULTIVATES AMONG ITS MEMBERS SOCIAL AWARENESS AND THE VIRTUES OF HONOR, RESPONSIBILITY, RESPECT AND COMPASSIONS; THAT FOSTERS A LIFELONG COMMITMENT TO LEARNING AND SERVICE AND THAT INSTILLS A SENSE OF PRIDE IN INDIVIDUAL AND GROUP ACCOMPLISHMENT. THE ULTIMATE GOAL IS FOR EACH STUDENT TO REACH HIS OR HER POTENTIAL: ACADEMICALLY, PHYSICALLY, EMOTIONALLY, SOCIALLY, MORALLY, AND CREATIVELY. 0 0 14080232 2799197 15460189 INSTRUCTIONAL: FUNDS WERE USED TO PROVIDE COMPREHENSIVE EDUCATIONAL PROGRAMS TO APPROXIMATELY 872 STUDENTS IN GRADES PRE-KINDERGARTEN TO 12. 1392625 335909 AUXILIARY SERVICES: FUNDS WERE USED TO PROVIDE FOOD, CAMPUS STORE, AND TRANSPORTATION TO STUDENTS IN GRADES PRE-KINDERGARTEN TO 12. 737915 852829 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. 16210772 1 1 0 0 0 0 0 0 0 1 1 0 0 0 0 1 1 0 1 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 67 0 1 325 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 19 19 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 VA X ANGELA THOMPSON 7575398789 3373 PRUDEN BLVD SUFFOLK VA 23434 LATRICE BASDEN-CLARKE TRUSTEE 1.00 0.00 X 0 0 0 ANDREW L BOLLING TREASURER & FIN COMM CHAIR 5.00 0.00 X X 0 0 0 TONY BROTHERS TRUSTEE 1.00 0.00 X 0 0 0 JAMES M COX TRUSTEE 1.00 0.00 X 0 0 0 THOMAS C COXE IV TRUSTEE 1.00 0.00 X 0 0 0 C SCOTT CREIGHTON TRUSTEE 1.00 0.00 X 0 0 0 HARRY CROSS IV ADVANCEMENT COMM CHAIR 5.00 0.00 X X 0 0 0 TIM CULPEPPER TRUSTEE 1.00 0.00 X 0 0 0 DR JAMES E HAMMOND GOVERNANCE COMM CHAIR 5.00 0.00 X X 0 0 0 LANGLEY HARRELL III INCLUSIVITY & MULTICULTURALISM COMM CHAIR 5.00 0.00 X X 0 0 0 CHARLES BENJAMIN JOHNSON TRUSTEE 1.00 0.00 X 0 0 0 W ASHTON LEWIS JR CHAIRMAN 5.00 0.00 X X 0 0 0 DR ANITHA MALAISAMY TRUSTEE 1.00 0.00 X 0 0 0 JEANETTE L OJEDA SECRETARY 5.00 0.00 X X 0 0 0 MATTHEW W SAWYER BUILDINGS & GROUNDS COMM CHAIR 5.00 0.00 X X 0 0 0 JULIA L SLATTERY TRUSTEE 1.00 0.00 X 0 0 0 VERNON M TOWLER VICE CHAIR 5.00 0.00 X X 0 0 0 WILLIAM MATTHEW TUTTLE TRUSTEE 1.00 0.00 X 0 0 0 SHANNON A WOODWARD TRUSTEE 1.00 0.00 X 0 0 0 MICHAEL BARCLAY HEAD OF SCHOOL 50.00 0.00 X 146133 0 29761 ANGELA THOMPSON DIRECTOR OF FIN & ACCT 50.00 0.00 X 108900 0 31137 255033 0 60898 2 0 1 0 FLIK INDEPENDENT DINING PO BOX 417632 BOSTON MA 02241 FOOD SERVICES 806496 CHESAPEAKE CONTROLS 3819 HOLLAND BLVD CHESAPEAKE VA 23323 HVAC 124764 2 86611 2549635 53632 2636246 TUITION 611600 15295098 15295098 EXTENDED DAY 611600 651445 651445 TRANSPORTATION 611600 335909 335909 INSTRUCTIONAL 611600 118291 118291 REGISTRATION 611600 46800 46800 201384 201384 16648927 177758 177758 127387 98638 28749 28749 28749 306282 86611 227530 78752 78752 OTHER REVENUE 900099 44553 44553 44553 19614985 16648927 0 329812 2799197 2799197 414398 414398 9038222 8010378 774984 252860 161610 145702 11309 4599 853237 771821 57052 24364 689161 587284 83800 18077 17787 17787 260159 170 259989 35387 35387 217552 217552 77195 77195 191939 156841 34881 217 17143 16640 471 32 1149395 1098340 48944 2111 502339 502339 5694 5694 245382 245382 833723 796690 35502 1531 156807 156807 INSTRUCTIONAL 444311 386591 57720 FOOD SERVICE 333817 333817 ATHLETICS 310570 310570 BAD DEBT EXPENSE 107037 107037 582462 294392 192051 96019 19444524 16210772 2833942 399810 2577715 1703952 64552 655120 422055 533427 20048 38950 200967 282965 30406986 18713948 12134233 11693038 4231984 5407131 19651554 20314583 1235208 1466679 486729 483894 5619900 5445017 7341837 7395590 X 10814830 10562899 1494887 2356094 12309717 12918993 19651554 20314583 170461 438815 0 X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 4231984 719014 548133 92000 5407131 3475778 497942 350264 92000 4231984 3731706 342776 -507204 91500 3475778 2879517 181693 762496 92000 3731706 2627986 269932 73599 92000 2879517 0.71333 0.28667 0.00000 0 0 4216568 4216568 19885671 13364292 6521379 6052959 5349656 703303 251788 251788 11693038 X 17060878 438815 -3185065 -2746250 19807128 35387 -227530 -192143 19614985 16451602 227530 227530 16224072 35387 3185065 3220452 19444524 PART V, LINE 4: THE SCHOOL'S ENDOWMENT CONSISTS OF VARIOUS FUNDS ESTABLISHED FOR SCHOLARSHIPS. THE PERCENTAGE REPORTED FOR PERMANENT ENDOWMENTS INCLUDES AMOUNTS THAT MUST BE MAINTAINED IN PERPETUITY AS WELL AS ACCUMULATED EARNINGS ON SUCH AMOUNTS THAT HAVE NOT YET BEEN APPROPRIATED FOR EXPENDITURE. PART X, LINE 2: THE ACADEMY IS EXEMPT FROM INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE ACADEMY MAY BE SUBJECT TO INCOME TAX ON UNRELATED BUSINESS INCOME, IF INCURRED. MANAGEMENT HAS EVALUATED THE EFFECT OF THE GUIDANCE PROVIDED BY U.S. GAAP. MANAGEMENT BELIEVES THAT THE ACADEMY CONTINUES TO SATISFY THE REQUIREMENTS OF A TAX-EXEMPT ORGANIZATION AT JUNE 30, 2024. MANAGEMENT HAS EVALUATED ALL OTHER TAX POSITIONS THAT COULD HAVE A SIGNIFICANT EFFECT ON THE FINANCIAL STATEMENTS AND DETERMINED THE ACADEMY HAD NO UNCERTAIN INCOME TAX POSITIONS AT JUNE 30, 2024. PART XI, LINE 2D - OTHER ADJUSTMENTS: FINANCIAL AID & SCHOLARSHIPS SHOWN NET OF TUITION ON FINANCIALS -2,799,197. EMPLOYEE TUITION REMISSION SHOWN NET OF TUITION ON FINANCIALS -385,868. PART XI, LINE 4B - OTHER ADJUSTMENTS: DIRECT FUNDRAISING EVENT EXPENSES -227,530. PART XII, LINE 2D - OTHER ADJUSTMENTS: DIRECT FUNDRAISING EVENT EXPENSES 227,530. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID & SCHOLARSHIPS SHOWN NET OF TUITION ON FINANCIALS 2,799,197. EMPLOYEE TUITION REMISSION SHOWN NET OF TUITION ON FINANCIALS 385,868. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 SCHEDULE E, PART I, LINE 3 THE SCHOOL PUBLICIZES ITS NONDISCRIMINATION POLICY ON ITS EMPLOYMENT APPLICATION AND AD CAMPAIGNS IN LOCAL PUBLICATIONS AT LEAST ONCE ANNUALLY. IT IS ALSO AVAILABLE ON THE ORGANIZATION'S WEBSITE. ART SHOW 253376 600 252776 182724 GOLF TOURNAMENT 71702 50126 21576 2500 36036 3 67815 35885 31930 6270 392893 86611 306282 2500 225030 227530 78752 1 TUITION FINANCIAL AID GRANTS 409 2799197 FMV GRANT FOR TUITION ASSISTANCE PART I, LINE 2: NSA PROVIDES TUITION ASSISTANCE GRANTS TO STUDENTS BASED UPON FINANCIAL NEED CRITERIA. THE GRANTS ARE FUNDED THROUGH THE OPERATING BUDGET AND MINIMAL DRAWS FROM THE ENDOWMENT. APPLICANTS COMPLETE A STANDARDIZED FORM WITH SSS (SCHOOL AND STUDENT SERVICES). NSA USES THE DATA RECEIVED FROM THIS INDEPENDENT PROCESSING CENTER TO CALCULATE FINANCIAL NEED AND SEEKS TO ISSUE GRANTS THAT TOTAL 50% OF DEMONSTRATED NEED. TAX RETURNS ARE REQUIRED TO VERIFY DATA RECEIVED. THE AUDIT COMMITTEE IS TASKED WITH AUDITING A SAMPLE OF RECIPIENTS EACH YEAR TO ENSURE THE VALIDITY OF THE PROCESS. X X 1 1 X X X 0 0 0 0 0 0 0 1 0 MICHAEL BARCLAY HEAD OF SCHOOL 116133 0 30000 0 0 0 4653 0 25108 0 175894 0 0 0 PART I, LINE 1A IN ORDER TO PROMOTE THE ORGANIZATION'S RELATIONSHIP WITH THE COMMUNITY, THE ORGANIZATION PAYS THE COST OF THE HEAD OF SCHOOL'S MEMBERSHIP IN VARIOUS SOCIAL CLUBS. TOTAL EXPENSES IN 2023 WERE $7,500 AND TREATED AS A NONTAXABLE BENEFIT SINCE THEY WERE PROVIDED FOR BUSINESS PURPOSES. TAX INDEMNIFICATION AND GROSS-UP PAYMENTS ARE RELATED TO HEALTH INSURANCE COSTS AS WELL AS LONG TERM DISABILITY AND LIFE INSURANCE. PART I, LINE 7 MICHAEL BARCLAY'S BONUS WAS BASED ON PERFORMANCE AS PART OF THE BOARD'S EVALUATION. A VIRGINIA SMALL BUSINESS FINANCING AUTHORITY 541300845 2010-12-30 6400000 FINANCE AND REFINANCE CAPITAL EXPENDITURES 0 1 0 A 884771 6400000 83504 633928 5682568 2011 1 0 1 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 0 A 0 0 1 0 1 0 0 0 0 A 1 X 1 350 FMV X 333 FMV X FOOTBALL EQUIPMENT & SUPPLIES 4 38050 FMV X OTHER SUPPLIES 24 7439 FMV X CLASSROOM SUPPLIES 26 3900 FMV X EVENT SUPPLIES 7 3560 FMV 0 0 1 0 PART I, COLUMN (B): FOR EVERY CATEGORY LISTED IN SCHEDULE M, COLUMN B REPRESENTS THE NUMBER OF CONTRIBUTIONS OF THAT CATEGORY MADE TO THE ORGANIZATION DURING THE TAX YEAR. FORM 990, PART VI, SECTION B, LINE 11B A COPY OF THE FORM 990 IS E-MAILED TO ALL BOARD MEMBERS FOR THEIR REVIEW AND THEY HAVE THE OPPORTUNITY TO MAKE COMMENTS AND SUGGEST CHANGES PRIOR TO FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C NANSEMOND SUFFOLK ACADEMY HAS ADOPTED A CONFLICT OF INTEREST POLICY TO ENSURE THAT THE BOARD OF TRUSTEES AND KEY EMPLOYEES ARE ADMINISTERING THE SCHOOL'S AFFAIRS HONESTLY AND ECONOMICALLY, AND EXERCISING THEIR BEST CARE, SKILL AND JUDGMENT FOR THE BENEFIT OF THE SCHOOL. DISCLOSURE STATEMENTS/QUESTIONNAIRES ARE COMPLETED ON ANNUAL BASIS. IN THE EVENT OF A CONFLICT OF INTEREST DURING THE YEAR, THE BOARD MEMBER WITH THE POTENTIAL CONFLICT WILL RECUSE HIMSELF/HERSELF FROM THE DISCUSSION AND VOTE. FORM 990, PART VI, SECTION B, LINE 15 SALARY AND BENEFITS FOR THE HEAD OF SCHOOL ARE DETERMINED BY THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES. THE EXECUTIVE COMMITTEE REVIEWS SALARY DATA FROM NAIS (NATIONAL ASSOCIATION OF INDEPENDENT SCHOOLS) AND VAIS (VIRGINIA ASSOCIATION OF INDEPENDENT SCHOOLS). SALARY AND BENEFITS FOR OTHER EMPLOYEES ARE DETERMINED BY THE HEAD OF SCHOOL. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST.