2018-05-15T14:09:07-05:00 2017-06-30 541517420 WALL EINHORN & CHERNITZER PC 150 W MAIN ST SUITE 1200 NORFOLK VA 23510 990 2016-07-01 540806413 NORFOLK COLLEGIATE SCHOOL NORF 7575830919 7336 GRANBY STREET NORFOLK VA 23505 SCOTT KENNEDY PRESIDENT AND HEADMASTER 7575830919 2018-05-15 1 ANGELA KERNS P01328749 7576254700 2018-05-15 2016 2022-09-23 18:48:47Z SCOTT KENNEDY 7336 GRANBY STREET NORFOLK VA 23505 15220553 0 X WWW.NORFOLKCOLLEGIATE.ORG X 1948 VA TO EDUCATE A DIVERSE BODY OF STUDENTS TO THRIVE IN A COLLEGE SETTING AND BEYOND. 33 33 234 80 0 0 1919872 1177340 11371873 11836504 -523088 198099 256378 101387 13025035 13313330 1931329 2349222 0 0 6076712 6413894 0 0 264027 5608499 5171068 13616540 13934184 -591505 -620854 32220580 31577351 13903387 13862888 18317193 17714463 TO EDUCATE A DIVERSE BODY OF STUDENTS TO THRIVE IN A COLLEGE SETTING AND BEYOND. 0 0 11704005 2349222 11836504 OPERATION OF A PRIVATE SCHOOL WITH AN APPROXIMATE ENROLLMENT OF 615 STUDENTS. 11704005 1 1 0 0 0 0 0 0 0 1 1 0 0 0 0 1 0 1 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 1 0 0 0 1 14 0 1 234 1 0 0 0 0 0 1 1 0 0 0 0 X 33 33 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 VA X X NORFOLK COLLEGIATE SCHOOL 7575830919 7336 GRANBY STREET NORFOLK VA 235053492 MARK S BATZEL TRUSTEE 2.00 X 0 0 0 W TAYLOR FRANKLIN CHAIRMAN 2.00 X X 0 0 0 DR JOSEPH F BOUCHARD PHD VICE PRESIDENT 2.00 X X 0 0 0 DAWN BRAY TRUSTEE 2.00 X 0 0 0 CAROL H MOORE TRUSTEE 2.00 X 0 0 0 BENJAMIN G COTTRELL V TRUSTEE 2.00 X 0 0 0 JEFFREY S CREEKMORE TREASURER 2.00 X X 0 0 0 ROBERT H DEFORD III TRUSTEE 2.00 X 0 0 0 JAMISSON S FOWLER TRUSTEE 2.00 X 0 0 0 E JAI ESSENMACHER TRUSTEE 2.00 X 0 0 0 HON STEPHEN E HERETICK TRUSTEE 2.00 X 0 0 0 KEVIN M LARKIN TRUSTEE 2.00 X 0 0 0 SUNSHINE M LEINBACH TRUSTEE 2.00 X 0 0 0 THEODORE A MATHAS TRUSTEE 2.00 X 0 0 0 ROBERT W MCFARLAND SECRETARY 2.00 X X 0 0 0 DR SCOTT A ROBERTSON TRUSTEE 2.00 X 0 0 0 DR BARBARA M SARRIS TRUSTEE 2.00 X 0 0 0 DR CAMDEN WOOD SELIG TRUSTEE 2.00 X 0 0 0 JEFFREY M SILVERMAN TRUSTEE 2.00 X 0 0 0 BROOK J SMITH TRUSTEE 2.00 X 0 0 0 ELIZABETH S SMITH TRUSTEE 2.00 X 0 0 0 DR RONALD A STINE TRUSTEE 2.00 X 0 0 0 JEFFREY A SWARTZ TRUSTEE 2.00 X 0 0 0 JAMES T VAIL TRUSTEE 2.00 X 0 0 0 JOHN P WRIGHT TRUSTEE 2.00 X 0 0 0 SHEPELLE WATKINS-WHITE TRUSTEE 2.00 X 0 0 0 ELISE WALTHALL TRUSTEE 2.00 X 0 0 0 JOHN SAWYER TRUSTEE 2.00 X 0 0 0 CDR FRANK RHODES TRUSTEE 2.00 X 0 0 0 THOMAS E MATHAS TRUSTEE 2.00 X 0 0 0 JILL H LAYNE TRUSTEE 2.00 X 0 0 0 LARRY FLORA TRUSTEE 2.00 X 0 0 0 ALISON CARLSMITH TRUSTEE 2.00 X 0 0 0 SCOTT G KENNEDY PRESIDENT & HEADMASTER 60.00 X 208346 0 14145 208346 0 14145 1 0 1 0 SAGE DINING SERVICES INC 222 BOSLEY AVE TOWSON MD 21204 FOOD SERVICE 683083 CHRIS LACEY CLEANING SERVICES 752 OLD FIELDS ARCH CHESAPEAKE VA 23320 CLEANING SERVICES 211339 TRANQUEST LLC 994 SCOTT STREET NORFOLK VA 23502 CHARTER BUS SERVICES 199737 GUARDUS SECURITY 3795 BONNEY ROAD VIRGINIA BEACH VA 23452 SECURITY SERVICE 116276 DIA INC 223 E CITY HALL AVENUE SUITE 400 NORFOLK VA 23510 BRANDING CONSULTANT 112854 5 85750 192500 899090 84467 1177340 TUITION 611710 11513666 11513666 AUXILIARY SERVICES 611710 317872 317872 STUDENT ACTIVITIES 611710 4966 4966 11836504 164498 164498 111792 140981 -29189 -29189 -29189 1651420 1617819 33601 33601 33601 266024 85750 148423 117601 117601 CHARITABLE REMAINDER TRUST 525920 12975 12975 12975 13313330 11836504 0 299486 2349222 2349222 243177 228626 14551 5307728 4069233 1039178 199317 406468 298400 108068 456521 352868 90991 12662 41781 41781 785241 557798 187286 40157 120131 120131 39116 39116 300191 292239 7952 6798 5606 1192 298764 298764 915802 915802 72507 72507 SCHOLARSHIPS 649670 649670 DINING SERVICES 601430 601430 ATHLETIC DEPARTMENT 339165 339165 EXTENDED CARE 104458 104458 896014 573823 311492 10699 13934184 11704005 1966152 264027 320199 324658 1316566 2480240 1863683 1757871 823348 558213 27812 40232 31566 52611 31131273 10686516 21075994 20444757 6028207 5261414 733205 657355 32220580 31577351 136286 647506 2882121 3111267 10448252 9824279 436728 279836 13903387 13862888 X 13939029 13370105 1068033 1218241 3310131 3126117 18317193 17714463 32220580 31577351 X -620854 639797 -407839 -213834 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 3987309 12310 433698 15965 4177539 4042951 11069 61434 -128145 3987309 4185250 471130 -211509 401920 4042951 3519458 264087 414764 13059 4185250 3653261 21791 161893 317487 3519458 0.03200 0.74830 0.21970 0 0 2674688 2674688 26544187 9233109 17311078 1912398 1453407 458991 20444757 X 11679475 639797 75570 715367 10964108 2349222 2349222 13313330 11874366 289404 289404 11584962 2349222 2349222 13934184 PART V, LINE 4: ENDOWMENTS ARE MAINTAINED FOR VARIOUS REASONS SUCH AS STUDENT SCHOLARSHIPS, FINANCIAL ASSISTANCE, AND FACULTY SALARIES. THE SCHOOL'S ENDOWMENT CONSISTS OF APPROXIMATELY 14 INDIVIDUAL FUNDS ESTABLISHED FOR A VARIETY OF PURPOSES. THE ENDOWMENT INCLUDES DONOR-RESTRICTED ENDOWMENT FUNDS. NET ASSETS ASSOCIATED WITH ENDOWMENT FUNDS ARE CLASSIFIED AND REPORTED BASED ON THE EXISTENCE OR ABSENCE OF DONOR-IMPOSED RESTRICTIONS. PART X, LINE 2: THE SCHOOL IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, EXCEPT ON NET INCOME DERVIED FROM UNRELATED BUSINESS ACTIVITIES. INTERNAL REVENUE CODE SECTION 513(A) DEFINES AN UNRELATED TRADE OR BUSINESS OF AN EXEMPT ORGANIZATION AS ANY TRADE OR BUSINESS WHICH IS NOT SUBSTANTIALLY RELATED TO THE EXERCISE OR PERFORMANCE OF ITS EXEMPT PURPOSE. CURRENTLY, THE SCHOOL HAS NO OBLIGATION FOR ANY UNRELATED BUSINESS INCOME TAX. THE SCHOOL BELIEVES IT HAS APPROPRIATE SUPPORT FOR ANY TAX POSITIONS TAKEN, AND AS SUCH, DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS THAT ARE MATERIAL TO THE CONSOLIDATED FINANCIAL STATEMENTS; HOWEVER, ANY PENALTIES AND INTEREST INCURRED AS A RESULT OF UNCERTAIN TAX POSITIONS WOULD BE RECORDED IN GENERAL AND ADMINISTRATIVE EXPENSES. PART XI, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES 148,423. CHANGE IN INTEREST IN NET ASSETS OF RECIPIENT ORGANIZATION -5,800. RENTAL EXPENSES 140,981. UNCOLLECTIBLE CONTRIBUTIONS -208,034. PART XI, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 2,349,222. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES 148,423. RENTAL EXPENSES 140,981. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 2,349,222. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 SCHEDULE E, PART I, LINE 3 NEWSPAPER ADVERTISEMENT AUCTION 114234 29025 85209 5000 8566 8862 FALL FAIR 33758 16025 17733 2921 8091 3 203782 40700 163082 3136 111847 351774 85750 266024 5000 14623 128800 148423 117601 1 NEED BASED FINANCIAL AID FOR TUITION 273 2349222 PART I, LINE 2: THE SCHOOL HAS A FINANCIAL AID POLICY THAT IS USED TO MONITOR THE USE OF FINANCIAL AID. X X X X 0 0 0 0 0 0 0 0 0 SCOTT G KENNEDY PRESIDENT & HEADMASTER 208346 0 0 0 0 0 0 0 14145 0 222491 0 0 0 A NORFOLK AIRPORT AUTHORITY 2012A 546001465 2012-06-27 3990750 BUILDINGS AND STRUCTURES 0 1 0 B NORFOLK AIRPORT AUTHORITY 2012B 546001465 2012-06-27 1330250 BUILDINGS AND STRUCTURES 0 1 0 C NORFOLK AIRPORT AUTHORITY 2013 546001465 2013-07-01 2916000 REFUNDING THE REFUNDED BOND AND PAYING ISSUANCE COSTS 0 1 0 D NORFOLK AIRPORT AUTHORITY 2015B 546001465 2015-04-30 592000 TO CONSTRUCT TWO ARTIFICIAL TURF ATHLETIC FIELDS AND INSTALL LIGHTING 0 1 0 A 626764 3990750 52313 3938437 0 0 1 1 B 208921 1330250 52312 1277938 0 0 1 1 C 465646 2916000 58320 2857680 0 0 1 1 D 48085 592000 592000 0 0 1 1 A 0 0 0 0 0 0 0 B 0 0 0 0 0 0 0 C 0 0 0 0 0 0 0 D 0 0 0 0 0 0 0 A 0 0 0 0 1 0 0 0 0 B 0 0 0 0 1 0 0 0 0 C 0 0 0 0 1 0 0 0 0 D 0 0 0 0 1 0 0 0 0 A 0 B 0 C 0 D 0 A NORFOLK AIRPORT AUTHORITY 2015A 546001465 2015-04-30 2700000 TO CONSTRUCT TWO ARTIFICIAL TURF ATHLETIC FIELDS AND INSTALL LIGHTING 0 1 0 A 355305 2700000 35000 2665000 0 0 1 1 A 0 0 0 0 0 0 0 A 0 0 0 0 1 0 0 0 0 A 0 X 12 73910 FAIR MARKET VALUE X VARIOUS 14 10557 FMV 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 THE SCHOOL HAD BOARD MEMBERS. FORM 990, PART VI, SECTION A, LINE 7A THERE IS A COMMITTEE OF TRUSTEES THAT OVERSEES BOARD MEMBERSHIP. THE NEEDS OF THE BOARD/SCHOOL ARE ALWAYS REVIEWED FOR ITEMS SUCH AS GEOGRAPHIC/WORK/GENDER/DIVERSITY. THIS COMMITTEE SOLICITS MEMBERS FROM WITHIN THE COMMUNITY (OTHER BOARD, STAFF). THE COMMITTEE REVIEWS THEIR ATTRIBUTES AS BEING A PART OF THE BOARD. THEY ARE ALSO INTERVIEWED BY THE BOARD CHAIR AND COMMITTEE ON TRUSTEE CHAIR PRIOR TO BEING PRESENTED TO BOARD FOR VOTING APPROVAL. FORM 990, PART VI, SECTION A, LINE 7B THE BOARD NORMALLY WORKS THROUGH A COMMITTEE STRUCTURE WHICH INCLUDES ADVANCEMENT, BUILDING & GROUNDS, FINANCE, STUDENT LIFE, AND GOVERNANCE. INITIALLY MOST ITEMS ARE DISCUSSED AND BROUGHT TO THE COMMITTEE LEVEL FOR BACKGROUND, RESEARCH, AND REVIEW. AREAS THAT REQUIRE APPROVAL ARE VOTED ON BY COMMITTEE, TAKEN TO THE EXECUTIVE COMMITTEE FOR DISCUSSION/VOTE, AND THEN TAKEN TO THE FULL BOARD FOR DISCUSSION/VOTE. FORM 990, PART VI, SECTION B, LINE 11B THE 990 IS REVIEWED BY THE AUDIT COMMITTEE PRIOR TO ITS FILING. IT IS ALSO AVAILABLE TO THE BOARD PRIOR TO FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C ANNUALLY, BOARD MEMBERS ARE REQUIRED TO SUBMIT CONFLICT OF INTEREST STATEMENTS (REFLECTING NONE OR STATED CONFLICTS) TO THE GOVERNANCE COMMITTEE CHAIR. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION FOR ADMINISTRATIVE POSITIONS IS BENCHMARKED USING SEVEN CRITERIA FIELDS OF SALARY BY POSITION FROM NATIONAL ASSOCIATION OF INDEPENDENT SCHOOL AND VIRGINIA ASSOCIATION OF INDEPENDENT SCHOOLS. FOR ADMINISTRATIVE POSITIONS, THE MEDIAN OF THAT DATA IS USED AS A BENCHMARK FOR SALARY DETERMINATION WITHIN THE BUDGET GUIDELINES AND OVERALL STAFF AND FACULTY COST OF LIVING GUIDELINES FOR EACH FISCAL YEAR. HEADMASTER COMPENSATION ALSO USED THE BENCHMARKING CRITERIA AND IS REVIEWED AND SET BY A COMPENSATION COMMITTEE OF BOARD MEMBERS. FORM 990, PART VI, SECTION C, LINE 19 NORFOLK COLLEGIATE SCHOOL PROVIDES AND REVIEWS GOVERNING DOCUMENTS AND ITS CONFLICT OF INTEREST POLICY WITH THE BOARD OF TRUSTEES MEMBERS ANNUALLY. THE ANNUAL FINANCIAL STATEMETNS ARE PRESENTED TO THE BOARD OF TRUSTEES AUDIT COMMITTEE, WHO SUBSEQUENTLY PRESENTS THE FINANCIALS TO THE FINANCE COMMITTEE AND THE EXECUTIVE BOARD OF THE TRUSTEES. THE ANNUAL FINANCIAL STATEMENTS ARE ALSO AVAILABLE FOR REVIEW BY ALL MEMBERS OF THE BOARD OF TRUSTEES UPON PRESENTATION TO THE AFOREMENTIONED COMMITTEES. ALL OF THESE DOCUMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: CHANGE IN INTEREST IN NET ASSETS OF RECIPIENT ORGANIZATION -5,800. UNCOLLECTIBLE CONTRIBUTIONS -208,034. FORM 990, PART XII, LINE 2C: THE ORGANIZATION HAS A COMMITTEE THAT ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT. THE ORGANIZATION HAS NOT CHANGED ITS OVERSIGHT PROCESS OR SELECTION PROCESS DURING THE YEAR. NORFOLK COLLEGIATE EDUCATIONAL FOUNDATION INC 7336 GRANBY STREET NORFOLK VA 23505 541893594 PROVIDE GRANTS TO NORFOLK COLLEGIATE SCHOOL FOR NEED-BASED FINANCIAL AID. VA 501(C)(3) LINE 12B, II N/A 0 0 0 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 NORFOLK COLLEGIATE EDUCATIONAL FOUNDATION C 192500 CASH