NANSEMOND-SUFFOLK ACADEMY ASSOCIATION INCORPORATED: Form 990, tax year 2011
View the entire original 990 at ProPublica ↗
- Organization
- NANSEMOND-SUFFOLK ACADEMY ASSOCIATION INCORPORATED (EIN 54-0801408)
- Tax period
- 2011-07-01 to 2012-06-30
- Filed
- 2013-04-12
- IRS object ID
- 201331039349300903
- Schema version
- 2011v1.5
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
- Return header
- Form 990
- Schedule A
- Schedule B
- Schedule D
- Schedule E
- Schedule G
- Schedule I
- Schedule J
- Schedule K
- Schedule L
- Schedule M
- Schedule O
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2013-04-12T21:18:06-05:00 | Timestamp |
| Tax Period End Date | 2012-06-30 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 560574444 | EIN |
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CHERRY BEKAERT LLP | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1111 METROPOLITAN AVENUE SUITE 1000 | AddressLine1 |
| City | CHARLOTTE | City |
| State | NC | State |
| ZIP Code | 28204 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2011-07-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 540801408 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | NANSEMOND SUFFOLK ACADEMY ASSOCIATION INC | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | NANS | NameControl |
| Phone | 7575398789 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 3373 PRUDEN BLVD | AddressLine1 |
| City | SUFFOLK | City |
| State | VA | State |
| ZIP Code | 23434 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | COLLEY W BELL III | Name |
| Title | HEAD OF SCHOOL | Title |
| Phone | 7575398789 | Phone |
| Date Signed | 2013-04-09 | DateSigned |
| Authorize Third Party | 1 | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | JANICE A RATICA | Name |
| PTIN | P00358837 | PTIN |
| Phone | 7043771678 | Phone |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2011 | TaxYear |
| Build TS | 2016-03-07 17:11:31Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Principal Officer Person | COLLEY W BELL III | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 3373 PRUDEN BLVD | AddressLine1 |
| City | SUFFOLK | City |
| State | VA | State |
| ZIP Code | 23434 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 11744997 | GrossReceipts |
| Group Return For Affiliates | 0 | GroupReturnForAffiliates |
| Organization501c3 | X | Organization501c3 |
| Web Site | WWW.NSACADEMY.ORG | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 1966 | YearFormation |
| State Legal Domicile | VA | StateLegalDomicile |
| Activity Or Mission Description | THE MISSION OF NANSEMOND-SUFFOLK ACADEMY IS TO PROVIDE AN ACADEMICALLY RIGOROUS COLLEGE PREPARATORY EDUCATION IN AN ATMOSPHERE FOSTERING MORAL CHARACTER, RESPECT, RESPONSIBILITY AND COMPASSION. WITH A COMMITMENT TO HONOR ABOVE ALL, THE ACADEMY SEEKS TO DEVELOP AND INSPIRE LEADERS WHO VALUE DIVERSITY, CREATIVITY, SCHOLASTIC EXCELLENCE AND COMMUNITY SERVICE. | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 26 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 26 | NbrIndependentVotingMembers |
| Total Nbr Employees | 309 | TotalNbrEmployees |
| Total Nbr Volunteers | 600 | TotalNbrVolunteers |
| Total Gross UBI | 0 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | 0 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Prior Year | 530519 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 857181 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 9197933 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 10519469 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 137620 | InvestmentIncomePriorYear |
| Investment Income Current Year | 144951 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 744881 | OtherRevenuePriorYear |
| Other Revenue Current Year | 87692 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 10610953 | TotalRevenuePriorYear |
| Total Revenue Current Year | 11609293 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 0 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 1276832 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members Prior Year | 0 | BenefitsPaidToMembersPriorYear |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 7357318 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 7129263 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp Prior Year | 0 | TotalProfFundrsngExpPriorYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 286752 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 3407628 | OtherExpensePriorYear |
| Other Expenses Current Year | 3464596 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 10764946 | TotalExpensesPriorYear |
| Total Expenses Current Year | 11870691 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | -153993 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | -261398 | RevenuesLessExpensesCY |
| Total Assets BOY | 12961260 | TotalAssetsBOY |
| Total Assets EOY | 12485301 | TotalAssetsEOY |
| Total Liabilities BOY | 6208175 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 6275850 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 6753085 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 6209451 | NetAssetsOrFundBalancesEOY |
| Info In Schedule O Part III | X | InfoInScheduleOPartIII |
| Mission Description | 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. | MissionDescription |
| Significant New Program Services | 0 | SignificantNewProgramServices |
| Significant Change | 0 | SignificantChange |
| Expense | 9263074 | Expense |
| Grants | 1276832 | Grants |
| Revenue | 10565533 | Revenue |
| Description | OPERATION OF AN INDEPENDENT SCHOOL FOR APPROXIMATELY 865 STUDENTS PRE-KINDERGARTEN THROUGH TWELVE. | Description |
| Total Program Service Expense | 9263074 | TotalProgramServiceExpense |
| Described In501 C3 | 1 | DescribedIn501C3 |
| Schedule B Required | 1 | ScheduleBRequired |
| Political Activities | 0 | PoliticalActivities |
| Lobbying Activities | 0 | LobbyingActivities |
| Subject To Proxy Tax | 0 | SubjectToProxyTax |
| Donor Advised Funds | 0 | DonorAdvisedFunds |
| Conservation Easements | 0 | ConservationEasements |
| Collections Of Art | 0 | CollectionsOfArt |
| Credit Counseling | 0 | CreditCounseling |
| Term Or Permanent Endowments | 1 | TermOrPermanentEndowments |
| Report Land Bldg Equip | 1 | ReportLandBldgEquip |
| Report Invest Oth Securities | 1 | ReportInvestOthSecurities |
| Report Prog Rel Invest | 0 | ReportProgRelInvest |
| Report Other Assets | 0 | ReportOtherAssets |
| Report Other Liabilities | 1 | ReportOtherLiabilities |
| Report Fin48 Footnote | 1 | ReportFin48Footnote |
| Independent Audit Financial Stmt | 1 | IndependentAuditFinancialStmt |
| Consolidated Audit Financial Stmt | 0 | ConsolidatedAuditFinancialStmt |
| School | 1 | School |
| Foreign Office | 0 | ForeignOffice |
| Foreign Activities | 0 | ForeignActivities |
| More Than5000 K To Organizations | 0 | MoreThan5000KToOrganizations |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividuals |
| Professional Fundraising | 0 | ProfessionalFundraising |
| Fundraising Activities | 1 | FundraisingActivities |
| Gaming | 0 | Gaming |
| Hospital | 0 | Hospital |
| Grants To Organizations | 0 | GrantsToOrganizations |
| Grants To Individuals | 1 | GrantsToIndividuals |
| Schedule J Required | 1 | ScheduleJRequired |
| Tax Exempt Bonds | 1 | TaxExemptBonds |
| Invest Tax Exempt Bonds | 0 | InvestTaxExemptBonds |
| Escrow Account | 0 | EscrowAccount |
| On Behalf Of Issuer | 0 | OnBehalfOfIssuer |
| Excess Benefit Transaction | 0 | ExcessBenefitTransaction |
| Prior Excess Benefit Transaction | 0 | PriorExcessBenefitTransaction |
| Loan To Officer Or DQP | 1 | LoanToOfficerOrDQP |
| Grant To Related Person | 1 | GrantToRelatedPerson |
| Bsnss Rltnshp With Organization | 0 | BsnssRltnshpWithOrganization |
| Bsnss Rltnshp Thru Family Member | 0 | BsnssRltnshpThruFamilyMember |
| Officer Entity With Bsnss Rltnshp | 0 | OfficerEntityWithBsnssRltnshp |
| Deductible Non Cash Contributions | 1 | DeductibleNonCashContributions |
| Deductible Contributions Of Art | 0 | DeductibleContributionsOfArt |
| Terminated | 0 | Terminated |
| Partial Liquidation | 0 | PartialLiquidation |
| Disregarded Entity | 0 | DisregardedEntity |
| Related Entity | 0 | RelatedEntity |
| Related Org Controlled Entity | 0 | RelatedOrgControlledEntity |
| Transaction Related Entity | 0 | TransactionRelatedEntity |
| Transfers To Exempt Non Chrtbl Org | 0 | TransfersToExemptNonChrtblOrg |
| Activities Conducted Partnership | 0 | ActivitiesConductedPartnership |
| Schedule O Required | 1 | ScheduleORequired |
| Number Forms Transmitted With1096 | 1 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Number Of Employees | 309 | NumberOfEmployees |
| Employment Tax Returns Filed | 1 | EmploymentTaxReturnsFiled |
| Unrelated Business Income | 0 | UnrelatedBusinessIncome |
| Foreign Financial Account | 0 | ForeignFinancialAccount |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTrans |
| Taxable Party Notification | 0 | TaxablePartyNotification |
| Non Deductible Contributions | 0 | NonDeductibleContributions |
| Quid Pro Quo Contributions | 1 | QuidProQuoContributions |
| Quid Pro Quo Disclosure | 1 | QuidProQuoDisclosure |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOf |
| Funds To Pay Premiums | 0 | FundsToPayPremiums |
| Premiums Paid | 0 | PremiumsPaid |
| Indoor Tanning Services | 0 | IndoorTanningServices |
| Info In Schedule O Part VI | X | InfoInScheduleOPartVI |
| Nbr Voting Governing Body Members | 26 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 26 | NumberIndependentVotingMembers |
| Family Or Business Relationship | 0 | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | 0 | DelegationOfManagementDuties |
| Changes To Organizing Docs | 0 | ChangesToOrganizingDocs |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuse |
| Members Or Stockholders | 0 | MembersOrStockholders |
| Election Of Board Members | 0 | ElectionOfBoardMembers |
| Decisions Subject To Approval | 0 | DecisionsSubjectToApproval |
| Minutes Of Governing Body | 1 | MinutesOfGoverningBody |
| Minutes Of Committees | 1 | MinutesOfCommittees |
| Officer Mailing Address | 0 | OfficerMailingAddress |
| Local Chapters | 0 | LocalChapters |
| Form990 Provided To Governing Body | 1 | Form990ProvidedToGoverningBody |
| Conflict Of Interest Policy | 1 | ConflictOfInterestPolicy |
| Annual Disclosure Covered Persons | 1 | AnnualDisclosureCoveredPersons |
| Regular Monitoring Enforcement | 1 | RegularMonitoringEnforcement |
| Whistleblower Policy | 1 | WhistleblowerPolicy |
| Document Retention Policy | 1 | DocumentRetentionPolicy |
| Compensation Process CEO | 1 | CompensationProcessCEO |
| Compensation Process Other | 1 | CompensationProcessOther |
| Investment In Joint Venture | 0 | InvestmentInJointVenture |
| States Where Copy Of Return Is Filed | VA | StatesWhereCopyOfReturnIsFiled |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
Name Business NameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | EDIE S HIGINBOTHAM | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Telephone Number | 7575398789 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 3373 PRUDEN BLVD | AddressLine1 |
| City | SUFFOLK | City |
| State | VA | State |
| ZIP Code | 23434 | ZIPCode |
Form990 Part VII Section A Form990PartVIISectionA (28 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation | OfficerOfficer |
|---|---|---|---|---|---|---|
| DR ROBERT E ANDERSON | ||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | |
| SHIRLEY C BALDWIN | ||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | |
| S JANE BENTON | ||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | |
| MONICA Y BROTHERS | ||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | |
| HARRY L CROSS III | ||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | |
| CARLTON L CUTCHIN III | ||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | |
| ROB J GIES | ||||||
| TRUSTEE/ADVANCEMENT CMTE CHAIR | 1.00 | X | 0 | 0 | 0 | |
| J DAVID GRAY III | ||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | |
| WILLIAM W HANNAH | ||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | |
| J CARNEY HAWKS | ||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | |
| KEITH D HORTON | ||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | |
| CRYSTAL H JACKSON | ||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | |
| ROBERT W JONES | ||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | |
| DEBORAH M MCHORNEY | ||||||
| TRUSTEE/GOVERNANCE CMTE CHAIR | 1.00 | X | 0 | 0 | 0 | |
| DR ANNE E MORGAN | ||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | |
| SUSAN E OHMSEN | ||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | |
| W WAYNE PERRY | ||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | |
| BRIAN T ROWE | ||||||
| TRUSTEE/BLDGS & GROUND CMTE CHAIR | 1.00 | X | 0 | 0 | 0 | |
| W DOUGLAS RUSSELL | ||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | |
| DR KEVIN J RUTH | ||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | |
| JAMES E TURNER JR | ||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | |
| KENNETH W WREN JR | ||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | |
| WILLIAM A PEAK | ||||||
| CHAIRMAN | 1.00 | X | 0 | 0 | 0 | X |
| CHARLES R BIRDSONG | ||||||
| VICE CHAIRMAN | 1.00 | X | 0 | 0 | 0 | X |
| NANCY M TUCK | ||||||
| SECRETARY | 1.00 | X | 0 | 0 | 0 | X |
| R SCOTT CARR | ||||||
| TREASURER/FINANCE CMTE CHAIR | 1.00 | X | 0 | 0 | 0 | X |
| COLLEY W BELL III | ||||||
| HEAD OF SCHOOL | 50.00 | 141526 | 0 | 31311 | X | |
| EDITH S HIGINBOTHAM | ||||||
| CFO | 50.00 | 71494 | 0 | 43237 | X | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 213020 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 0 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 74548 | TotalOtherCompensation |
| Number Individuals GT100 K | 1 | NumberIndividualsGT100K |
| Formers Listed | 0 | FormersListed |
| Total Comp GT150 K | 1 | TotalCompGT150K |
| Compensation From Other Sources | 0 | CompensationFromOtherSources |
| Number Of Contractors GT100 K | 0 | NumberOfContractorsGT100K |
| Fundraising Events | 71119 | FundraisingEvents |
| All Other Contributions | 786062 | AllOtherContributions |
| Noncash Contributions | 44700 | NoncashContributions |
| Total Contributions | 857181 | TotalContributions |
Program Service Revenue ProgramServiceRevenue (5 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome |
|---|---|---|---|
| TUITION | 611600 | 9665611 | 9665611 |
| REGISTRATION | 611600 | 474693 | 474693 |
| TRANSPORTATION | 611600 | 230830 | 230830 |
| INSTRUCTIONAL | 611600 | 94633 | 94633 |
| FOOD SERVICE | 611600 | 53702 | 53702 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 10519469 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 129571 | TotalRevenueColumn |
| Exclusion | $129,571 | ExclusionAmount |
Gross Amount Sales Assets GrossAmountSalesAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | 15380 | Other |
Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | 0 | Other |
Gain Or Loss GainOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | 15380 | Other |
Net Gain Or Loss Investments NetGainOrLossInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 15380 | TotalRevenueColumn |
| Exclusion | $15,380 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Income Fundraising Events | 177332 | GrossIncomeFundraisingEvents |
| Cntrbtns Rprtd Fundraising Events | 71119 | CntrbtnsRprtdFundraisingEvents |
| Fundraising Direct Expenses | 135704 | FundraisingDirectExpenses |
Net Income From Fundraising Events NetIncomeFromFundraisingEvents
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 41628 | TotalRevenueColumn |
| Exclusion | $41,628 | ExclusionAmount |
Other Revenue Misc OtherRevenueMisc (2 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome |
|---|---|---|---|
| OTHER INCOME | 900099 | 46243 | 46243 |
| BUILDING ASSESSMENT | 900099 | -179 | -179 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Revenue | 46064 | TotalOtherRevenue |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 11609293 | TotalRevenueColumn |
| Related Or Exempt Function Income | 10565533 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 0 | UnrelatedBusinessRevenue |
| Exclusion | $186,579 | ExclusionAmount |
Grants To Domestic Individuals GrantsToDomesticIndividuals
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1276832 | Total |
| Program Services | 1276832 | ProgramServices |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 287568 | Total |
| Management And General | 287568 | ManagementAndGeneral |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 5904959 | Total |
| Program Services | 4827281 | ProgramServices |
| Management And General | 902742 | ManagementAndGeneral |
| Fundraising | 174936 | Fundraising |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 464763 | Total |
| Program Services | 362299 | ProgramServices |
| Management And General | 89335 | ManagementAndGeneral |
| Fundraising | 13129 | Fundraising |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 471973 | Total |
| Program Services | 367919 | ProgramServices |
| Management And General | 90721 | ManagementAndGeneral |
| Fundraising | 13333 | Fundraising |
Fees For Services Legal FeesForServicesLegal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 5626 | Total |
| Management And General | 5626 | ManagementAndGeneral |
Fees For Services Invst Mgmnt Fees FeesForServicesInvstMgmntFees
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 15799 | Total |
| Management And General | 15799 | ManagementAndGeneral |
Fees For Services Other FeesForServicesOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 133259 | Total |
| Management And General | 133259 | ManagementAndGeneral |
Advertising Advertising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 215294 | Total |
| Program Services | 4930 | ProgramServices |
| Management And General | 137225 | ManagementAndGeneral |
| Fundraising | 73139 | Fundraising |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 100886 | Total |
| Management And General | 100886 | ManagementAndGeneral |
Information Technology InformationTechnology
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 267965 | Total |
| Management And General | 267965 | ManagementAndGeneral |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 730055 | Total |
| Program Services | 714662 | ProgramServices |
| Management And General | 10995 | ManagementAndGeneral |
| Fundraising | 4398 | Fundraising |
Interest Interest
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 163066 | Total |
| Management And General | 163066 | ManagementAndGeneral |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 469965 | Total |
| Program Services | 460056 | ProgramServices |
| Management And General | 7078 | ManagementAndGeneral |
| Fundraising | 2831 | Fundraising |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 93400 | Total |
| Program Services | 87043 | ProgramServices |
| Management And General | 5305 | ManagementAndGeneral |
| Fundraising | 1052 | Fundraising |
Other Expenses OtherExpenses (4 entries)
| DescriptionDescription | TotalTotal | Program ServicesProgramServices | Management And GeneralManagementAndGeneral | FundraisingFundraising |
|---|---|---|---|---|
| INSTRUCTIONAL MATERIALS | 506133 | 506133 | ||
| ATHLETICS | 263928 | 263928 | ||
| ADMINISTRATIVE EXPENSE | 246133 | 183506 | 58693 | 3934 |
| TRANSPORTATION | 208485 | 208485 |
All Other Expenses AllOtherExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 44602 | Total |
| Management And General | 44602 | ManagementAndGeneral |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 11870691 | Total |
| Program Services | 9263074 | ProgramServices |
| Management And General | 2320865 | ManagementAndGeneral |
| Fundraising | 286752 | Fundraising |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 95925 | BOY |
| EOY | 171737 | EOY |
Pledges And Grants Receivable PledgesAndGrantsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 599973 | BOY |
| EOY | 353953 | EOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 368171 | BOY |
| EOY | 435842 | EOY |
Receivables From Officers Etc ReceivablesFromOfficersEtc
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 30000 | BOY |
| EOY | 20000 | EOY |
Inventories For Sale Or Use InventoriesForSaleOrUse
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | 13830 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 131201 | BOY |
| EOY | 102396 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 18931089 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 9757812 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 9454947 | BOY |
| EOY | 9173277 | EOY |
Investments Pub Traded Securities InvestmentsPubTradedSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2080227 | BOY |
Investments Other Securities InvestmentsOtherSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 97540 | BOY |
| EOY | 2116367 | EOY |
Intangible Assets IntangibleAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 103276 | BOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 97899 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 12961260 | BOY |
| EOY | 12485301 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 968370 | BOY |
| EOY | 919892 | EOY |
Deferred Revenue DeferredRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 354843 | BOY |
| EOY | 421196 | EOY |
Tax Exempt Bond Liabilities TaxExemptBondLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 4308333 | BOY |
| EOY | 4088333 | EOY |
Unsecured Notes Loans Payable UnsecuredNotesLoansPayable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 348969 | BOY |
| EOY | 426413 | EOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 227660 | BOY |
| EOY | 420016 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 6208175 | BOY |
| EOY | 6275850 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Follow SFAS117 | X | FollowSFAS117 |
Unrestricted Net Assets UnrestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 5913514 | BOY |
| EOY | 5639146 | EOY |
Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 799571 | BOY |
| EOY | 435305 | EOY |
Permanently Restricted Net Assets PermanentlyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 40000 | BOY |
| EOY | 135000 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 6753085 | BOY |
| EOY | 6209451 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 12961260 | BOY |
| EOY | 12485301 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | X | InfoInScheduleOPartXI |
| Reconcilation Revenue Expenses | -261398 | ReconcilationRevenueExpenses |
| Reconcilation Other Changes | -282236 | ReconcilationOtherChanges |
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | 0 | AccountantCompileOrReview |
| FS Audited | 1 | FSAudited |
| Audit Committee | 1 | AuditCommittee |
| Financial Statement Separate | X | FinancialStatementSeparate |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequired |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| School170b1 Aii | X | School170b1Aii |
Schedule B IRS990ScheduleB
Contributor Info ContributorInfo
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor Number | RESTRICTED | ContributorNumber |
Contributor Name Business ContributorNameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor Address US ContributorAddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Aggregate Contributions | RESTRICTED | AggregateContributions |
Schedule D IRS990ScheduleD
Current Year CurrentYear
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 2177767 | BeginningOfYearBalance |
| Contributions | 27500 | Contributions |
| Investment Earnings Or Losses | 3100 | InvestmentEarningsOrLosses |
| Other Expenditures | 92000 | OtherExpenditures |
| End Of Year Balance | 2116367 | EndOfYearBalance |
Current Year Minus1 Year CurrentYearMinus1Year
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 40000 | BeginningOfYearBalance |
| Investment Earnings Or Losses | 7758 | InvestmentEarningsOrLosses |
| Other Expenditures | 7758 | OtherExpenditures |
| End Of Year Balance | 40000 | EndOfYearBalance |
Current Year Minus2 Years CurrentYearMinus2Years
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 1605989 | BeginningOfYearBalance |
| Investment Earnings Or Losses | 2966 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | 2966 | GrantsOrScholarships |
| Other Expenditures | 1565989 | OtherExpenditures |
| End Of Year Balance | 40000 | EndOfYearBalance |
Current Year Minus3 Years CurrentYearMinus3Years
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 1938766 | BeginningOfYearBalance |
| Contributions | 61756 | Contributions |
| Investment Earnings Or Losses | -223477 | InvestmentEarningsOrLosses |
| Other Expenditures | 171056 | OtherExpenditures |
| End Of Year Balance | 1605989 | EndOfYearBalance |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated EOY Balance | 0.92100 | BoardDesignatedEOYBalance |
| Permanent Endowment EOY Balance | 0.06400 | PermanentEndowmentEOYBalance |
| Term Endowment EOY Balance | 0.01500 | TermEndowmentEOYBalance |
| Endowments Held By Unrelated Orgs | 0 | EndowmentsHeldByUnrelatedOrgs |
| Endowments Held By Related Orgs | 0 | EndowmentsHeldByRelatedOrgs |
Land Land
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 2559221 | OtherCostOrOtherBasis |
| Book Value | 2559221 | BookValue |
Buildings Buildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 13054645 | OtherCostOrOtherBasis |
| Depreciation | 6722778 | Depreciation |
| Book Value | 6331867 | BookValue |
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 3317223 | OtherCostOrOtherBasis |
| Depreciation | 3035034 | Depreciation |
| Book Value | 282189 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 9173277 | TotalOfBookValueLandBuildings |
Other Securities OtherSecurities (2 entries)
| DescriptionDescription | Book ValueBookValue | Method Of ValuationMethodOfValuation |
|---|---|---|
| MUTUAL FUNDS | 2029480 | F |
| CASH RESERVES | 86887 | F |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Securities | 2116367 | TotalOfBookValueSecurities |
Other Liabilities OtherLiabilities (2 entries)
| DescriptionDescription | AmountAmount |
|---|---|
| CAPITAL LEASE PAYABLE | $56,785 |
| INTEREST RATE SWAP LIABILITY | $363,231 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Amounts | 420016 | TotalOfAmounts |
| Total Revenue | 11609293 | TotalRevenue |
| Total Expenses | 11870691 | TotalExpenses |
| Excess Or Deficit For Year | -261398 | ExcessOrDeficitForYear |
| Net Unrealized GL On Investments | -36308 | NetUnrealizedGLOnInvestments |
| Other | -$245,928 | OtherAmount |
| Total Adjustments | -282236 | TotalAdjustments |
| Excess Or Deficit Per FS | -543634 | ExcessOrDeficitPerFS |
| Tot Revenue Etc Audited Fincl Stmt | 10316662 | TotRevenueEtcAuditedFinclStmt |
| Other Revenues | -1276832 | OtherRevenues |
| Revenue Not Rptd F990 | -1276832 | RevenueNotRptdF990 |
| Revenue Subtotal | 11593494 | RevenueSubtotal |
| Investment Expenses Not Included | 15799 | InvestmentExpensesNotIncluded |
| Revenue Not Rptd On Fin Stmt | 15799 | RevenueNotRptdOnFinStmt |
| Total Revenue Per Form990 | 11609293 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 10578060 | TotExpensesEtcAuditedFinclStmt |
| Expenses Not Rptd F990 | 0 | ExpensesNotRptdF990 |
| Expenses Subtotal | 10578060 | ExpensesSubtotal |
| Investment Expenses Not Included2 | 15799 | InvestmentExpensesNotIncluded2 |
| Other Expenses Not Included | 1276832 | OtherExpensesNotIncluded |
| Expenses Not Rptd On Fin Stmt | 1292631 | ExpensesNotRptdOnFinStmt |
| Total Expenses Per Form990 | 11870691 | TotalExpensesPerForm990 |
Form990 Schedule D Part XIV Form990ScheduleDPartXIV (5 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: | PART V, LINE 4: | THE SCHOOL'S ENDOWMENT CONSISTS OF ONE FUND ESTABLISHED FOR SCHOLARSHIPS. |
| DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: | PART X: | 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. GENERALLY ACCEPTED ACCOUNTING PRINCIPLES ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES THAT BECAME EFFECTIVE THIS YEAR. MANAGEMENT BELIEVES THAT THE ACADEMY CONTINUES TO SATISFY THE REQUIREMENTS OF A TAX-EXEMPT ORGANIZATION AT JUNE 30, 2012. 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, 2012. |
| PART XI, LINE 8 - OTHER ADJUSTMENTS: | LOSS FROM INTEREST RATE SWAP -245,928. | |
| PART XII, LINE 2D - OTHER ADJUSTMENTS: | FINANCIAL AID & SCHOLARSHIPS SHOWN NET OF TUITION ON FINANCIALS -1,276,832. | |
| PART XIII, LINE 4B - OTHER ADJUSTMENTS: | FINANCIAL AID & SCHOLARSHIPS SHOWN NET OF TUITION ON FINANCIALS 1,276,832. |
Schedule E IRS990ScheduleE
| Field | Value | IRS element (for citing) |
|---|---|---|
| Nondiscriminatory Policy Stmt | 1 | NondiscriminatoryPolicyStmt |
| Policy Statement In Brochures Etc | 1 | PolicyStatementInBrochuresEtc |
| Policy Publ Via Broadcast Media | 1 | PolicyPublViaBroadcastMedia |
| Maint Racial Composition Records | 1 | MaintRacialCompositionRecords |
| Maint Scholarships Records | 1 | MaintScholarshipsRecords |
| Maint Copies Of Brochures Etc | 1 | MaintCopiesOfBrochuresEtc |
| Maint Copies Of All Solicitations | 1 | MaintCopiesOfAllSolicitations |
| Discriminate Race Students Rights | 0 | DiscriminateRaceStudentsRights |
| Discriminate Race Admiss Policies | 0 | DiscriminateRaceAdmissPolicies |
| Discriminate Race Emplmn Faculty | 0 | DiscriminateRaceEmplmnFaculty |
| Discriminate Race Scholarships | 0 | DiscriminateRaceScholarships |
| Discriminate Race Educ Policies | 0 | DiscriminateRaceEducPolicies |
| Discriminate Race Use Of Fclts | 0 | DiscriminateRaceUseOfFclts |
| Discriminate Race Athletic Prog | 0 | DiscriminateRaceAthleticProg |
| Discriminate Race Other Acty | 0 | DiscriminateRaceOtherActy |
| Government Financial Aid Received | 0 | GovernmentFinancialAidReceived |
| Government Financial Aid Revoked | 0 | GovernmentFinancialAidRevoked |
| Compliance With Rev Proc7550 | 1 | ComplianceWithRevProc7550 |
Form990 Schedule E Part II Form990ScheduleEPartII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | EXPLANATION OF NONDISCRIMINATORY POLICY PUBLICATION | Identifier |
| Return Reference | SCHEDULE E, PART I, LINE 3 | ReturnReference |
| Explanation | THE SCHOOL PUBLICIZES ITS NONDISCRIMINATION POLICY ON ITS EMPLOYMENT APPLICATION AND AD CAMPAIGNS IN LOCAL PUBLICATIONS AT LEAST ONCE ANNUALLY. | Explanation |
Schedule G IRS990ScheduleG
Events Information EventsInformation
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Event1 | ART SHOW | NameOfEvent1 |
| Gross Receipts Event1 | 153835 | GrossReceiptsEvent1 |
| Charitable Contributions Event1 | 27287 | CharitableContributionsEvent1 |
| Gross Revenue Event1 | 126548 | GrossRevenueEvent1 |
| Other Direct Expenses Event1 | 106267 | OtherDirectExpensesEvent1 |
| Name Of Event2 | GOLF TOURNAMENT | NameOfEvent2 |
| Gross Receipts Event2 | 39531 | GrossReceiptsEvent2 |
| Charitable Contributions Event2 | 26947 | CharitableContributionsEvent2 |
| Gross Revenue Event2 | 12584 | GrossRevenueEvent2 |
| Cash Prizes Event2 | 2800 | CashPrizesEvent2 |
| Other Direct Expenses Event2 | 14390 | OtherDirectExpensesEvent2 |
| Total Number Of Other Events | 2 | TotalNumberOfOtherEvents |
| Gross Receipts Other Events | 55085 | GrossReceiptsOtherEvents |
| Charitable Contrib Other Events | 16885 | CharitableContribOtherEvents |
| Gross Revenue Other Events | 38200 | GrossRevenueOtherEvents |
| Other Direct Expenses Other Events | 12247 | OtherDirectExpensesOtherEvents |
| Gross Receipts Total | 248451 | GrossReceiptsTotal |
| Charitable Contributions Total | 71119 | CharitableContributionsTotal |
| Gross Revenue Total Events | 177332 | GrossRevenueTotalEvents |
| Cash Prizes Total Events | 2800 | CashPrizesTotalEvents |
| Other Direct Expenses Total Events | 132904 | OtherDirectExpensesTotalEvents |
| Direct Expense Summary Events | 135704 | DirectExpenseSummaryEvents |
| Net Income Summary | 41628 | NetIncomeSummary |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Records Maintained | 1 | RecordsMaintained |
Form990 Schedule I Part III Form990ScheduleIPartIII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Type Of Grant | TUITION FINANCIAL AID GRANTS | TypeOfGrant |
| Number Of Recipients | 175 | NumberOfRecipients |
| Amount Of Cash Grant | 1276832 | AmountOfCashGrant |
Form990 Schedule I Part IV Form990ScheduleIPartIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | PROCEDURE FOR MONITORING GRANTS IN THE U.S.: | Identifier |
| Return Reference | PART I, LINE 2: | ReturnReference |
| Explanation | SCHEDULE I, 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 BY NAIS). 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. | Explanation |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Club Dues Or Fees | X | ClubDuesOrFees |
| Written Policy Re T And E Expenses | 1 | WrittenPolicyReTAndEExpenses |
| Substantiation Required | 1 | SubstantiationRequired |
| Compensation Committee | X | CompensationCommittee |
| Written Employment Contract | X | WrittenEmploymentContract |
| Board Or Committee Approval | X | BoardOrCommitteeApproval |
| Severance Payment | 0 | SeverancePayment |
| Supplemental Nonqual Retire Plan | 0 | SupplementalNonqualRetirePlan |
| Equity Based Comp Arrangement | 0 | EquityBasedCompArrangement |
| Comp Based On Revenue Of Filing Org | 0 | CompBasedOnRevenueOfFilingOrg |
| Comp Based On Revenue Related Orgs | 0 | CompBasedOnRevenueRelatedOrgs |
| Comp Based Net Earnings Filing Org | 0 | CompBasedNetEarningsFilingOrg |
| Comp Based Net Earnings Relate Orgs | 0 | CompBasedNetEarningsRelateOrgs |
| Any Non Fixed Payments | 0 | AnyNonFixedPayments |
| Initial Contract Exception | 0 | InitialContractException |
Form990 Schedule J Part II Form990ScheduleJPartII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Person | COLLEY W BELL III | NamePerson |
| Base Compensation Filing Org | 141526 | BaseCompensationFilingOrg |
| Comp Based On Related Orgs | 0 | CompBasedOnRelatedOrgs |
| Bonus Filing Org | 0 | BonusFilingOrg |
| Bonus Related Orgs | 0 | BonusRelatedOrgs |
| Other Compensation Filing Org | 0 | OtherCompensationFilingOrg |
| Other Compensation Related Orgs | 0 | OtherCompensationRelatedOrgs |
| Deferred Comp Filing Org | 0 | DeferredCompFilingOrg |
| Deferred Comp Related Orgs | 0 | DeferredCompRelatedOrgs |
| Nontaxable Benefits Filing Org | 31311 | NontaxableBenefitsFilingOrg |
| Nontaxable Benefits Related Orgs | 0 | NontaxableBenefitsRelatedOrgs |
| Total Compensation Filing Org | 172837 | TotalCompensationFilingOrg |
| Total Compensation Related Orgs | 0 | TotalCompensationRelatedOrgs |
| Comp Report Prior990 Filing Org | 0 | CompReportPrior990FilingOrg |
| Comp Report Prior990 Related Orgs | 0 | CompReportPrior990RelatedOrgs |
Form990 Schedule J Part III Form990ScheduleJPartIII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Reference | PART I, LINE 1A | ReturnReference |
| Explanation | 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. | Explanation |
Schedule K IRS990ScheduleK
Form990 Schedule K Part I Form990ScheduleKPartI
Issuer Name IssuerName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | VIRGINIA SMALL BUSINESS FINANCING AUTHORITY | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Issuer EIN | 541300845 | IssuerEIN |
| Date Issued | 2010-12-30 | DateIssued |
| Issue Price | 4400000 | IssuePrice |
| Description Of Purpose | CURRENT REFUNDING AND NEW MONEY | DescriptionOfPurpose |
| Defeased | 0 | Defeased |
| On Behalf Of Issuer | 1 | OnBehalfOfIssuer |
| Pool Financing | 0 | PoolFinancing |
Form990 Schedule K Part II Form990ScheduleKPartII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Amount Retired | 3425124 | AmountRetired |
| Total Proceeds | 4400000 | TotalProceeds |
| Issuance Costs From Proceeds | 75357 | IssuanceCostsFromProceeds |
| Working Capital Expenditures | 246120 | WorkingCapitalExpenditures |
| Capital Expenditures | 653399 | CapitalExpenditures |
| Year Of Subst Completion | 2011 | YearOfSubstCompletion |
| Current Refunding | 1 | CurrentRefunding |
| Advance Refunding | 0 | AdvanceRefunding |
| Final Allocation Made | 1 | FinalAllocationMade |
| Adequate Books And Recds Maintaind | 1 | AdequateBooksAndRecdsMaintaind |
Form990 Schedule K Part III Form990ScheduleKPartIII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Owning Bond Financed Property | 0 | OwningBondFinancedProperty |
| Any Lease Arrangements | 0 | AnyLeaseArrangements |
| Mngment Cntrct Bond Financd Prprty | 0 | MngmentCntrctBondFinancdPrprty |
| Any Research Agreements | 0 | AnyResearchAgreements |
| Prcntge Prvt Business Use By Others | 0.00000 | PrcntgePrvtBusinessUseByOthers |
| Percentage Of Prvt Business Re UBI | 0.00000 | PercentageOfPrvtBusinessReUBI |
| Total Private Business Use | 0.00000 | TotalPrivateBusinessUse |
| Post Issuance Compliance Procdrs | 1 | PostIssuanceComplianceProcdrs |
Form990 Schedule K Part IV Form990ScheduleKPartIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form8038 T Filed | 0 | Form8038TFiled |
| Variable Rate Issue | 1 | VariableRateIssue |
| Hedge Identified In Books And Recds | 0 | HedgeIdentifiedInBooksAndRecds |
| Gross Proceeds Invested In GIC | 0 | GrossProceedsInvestedInGIC |
| Gross Proceeds Invested | 0 | GrossProceedsInvested |
| Exception To Rebate | 1 | ExceptionToRebate |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Fed Tax Requirements Compliance | X | FedTaxRequirementsCompliance |
Schedule L IRS990ScheduleL
Loan Table LoanTable
Name Business NameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | COLLEY W BELL III | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Purpose Of Loan | TO ASSIST IN MOVING EXPENSES INCURRED BY THE PRESIDENT OF THE SCHOOL | PurposeOfLoan |
| Loan From Organization | X | LoanFromOrganization |
| Original Principal | $30,000 | OriginalPrincipalAmount |
| Balance Due | 20000 | BalanceDue |
| Default | 0 | Default |
| Approved By Board | 1 | ApprovedByBoard |
| Written Agreement | 1 | WrittenAgreement |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Balance Due | 20000 | TotalBalanceDue |
Form990 Schedule L Part III Form990ScheduleLPartIII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Amount Of Grant | 37780 | AmountOfGrant |
| Type Of Assistance | TUITION FOR THE CHILDREN OF OFFICERS ENROLLED IN SCHOOL ARE WAIVED | TypeOfAssistance |
Schedule M IRS990ScheduleM
Real Estate Other RealEstateOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | X | NonCashCheckbox |
| Number Of Contributions | 1 | NumberOfContributions |
| Noncash Contribs Rptd F990 | 19300 | NoncashContribsRptdF990 |
| Method Of Determining Revenues | FAIR MARKET VALUE | MethodOfDeterminingRevenues |
Other Non Cash Contributions Table OtherNonCashContributionsTable (3 entries)
| Non Cash CheckboxNonCashCheckbox | DescriptionDescription | Number Of ContributionsNumberOfContributions | Noncash Contribs Rptd F990NoncashContribsRptdF990 | Method Of Determining RevenuesMethodOfDeterminingRevenues |
|---|---|---|---|---|
| X | SUPPLIES | 1 | 5000 | FAIR MARKET VALUE |
| X | ATHLETIC EQUIPMENT | 1 | 14500 | FAIR MARKET VALUE |
| X | OTHER | 3 | 5900 | FAIR MARKET VALUE |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of8283 Received | 1 | NumberOf8283Received |
| Any Property That Must Be Held | 0 | AnyPropertyThatMustBeHeld |
| Review Process Unusual NC Gifts | 1 | ReviewProcessUnusualNCGifts |
| Third Parties Used | 1 | ThirdPartiesUsed |
Form990 Schedule M Part II Form990ScheduleMPartII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | THIRD PARTY USE: | Identifier |
| Return Reference | PART I, LINE 32B: | ReturnReference |
| Explanation | THE ORGANIZATION USES INVESTMENT BROKERS AND LEGAL COUNSEL FOR THE SALE OF INVESTMENTS & REAL PROPERTY IN ORDER TO MAINTAIN ARMS LENGTH TRANSACTIONS. | Explanation |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (5 entries)
| Return ReferenceReturnReference | ExplanationExplanation | IdentifierIdentifier |
|---|---|---|
| FORM 990, PART VI, SECTION B, LINE 11 | 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 AND CFO 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 KEY EMPLOYEES ARE DETERMINED BY THE HEAD OF SCHOOL AND REVIEWED ANNUALLY BY THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES. | |
| 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. | |
| FORM 990, PART XI, LINE 5: | NET UNREALIZED LOSSES ON INVESTMENTS: -36,308. LOSS FROM INTEREST RATE SWAP -245,928. TOTAL TO FORM 990, PART XI, LINE 5: -282,236. | CHANGES IN NET ASSETS OR FUND BALANCES: |
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