2012-05-08T13:20:39-05:00 2011-06-30 DIXON HUGHES GOODMAN LLP 272 BENDIX ROAD SUITE 500 VIRGINIA BEACH VA 23452 990 2010-07-01 540801408 NANSEMOND SUFFOLK ACADEMY ASSOC INC NANS 7575398789 3373 PRUDEN BLVD SUFFOLK VA 23434 COLLEY W BELL III 7575398789 2012-04-26 1 CARON CROUSE CPA 7574578400 2010 2016-02-24 21:20:13Z COLLEY W BELL III 3373 PRUDEN BLVD SUFFOLK VA 23434 11024290 0 X WWW.NSACADEMY.ORG X 1966 VA 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. 29 29 317 582 0 0 1583395 530519 9463988 9197933 313811 137620 688517 744881 12049711 10610953 0 0 0 0 7506831 7357318 0 0 455314 3481589 3407628 10988420 10764946 1061291 -153993 13094965 12961260 6441067 6208175 6653898 6753085 X 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. 0 0 8375494 9353708 OPERATION OF AN INDEPENDENT SCHOOL FOR APPROXIMATELY 865 STUDENTS GRADES PRE-KINDERGARTEN THROUGH TWELVE. 8375494 1 1 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 1 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 1 1 0 0 0 1 0 0 0 0 0 0 0 0 0 1 1 0 317 1 0 0 0 0 0 1 1 0 0 0 0 X 29 29 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 VA X HEAD OF SCHOOL 7575398789 3373 PRUDEN BLVD SUFFOLK VA 23434 X ROBERT ANDERSON 1.00 X 0 0 0 JANE BENTON 1.00 X 0 0 0 CHARLES R BIRDSONG 10.00 X X 0 0 0 MARK H BRINKLEY 1.00 X 0 0 0 R SCOTT CARR 5.00 X X 0 0 0 HARRY LEE CROSS III 1.00 X 0 0 0 CARLTON L CUTCHIN III 1.00 X 0 0 0 ROB J GIES 1.00 X 0 0 0 WILLIAM W HANNAH 1.00 X 0 0 0 KEITH D HORTON 1.00 X 0 0 0 DEBORAH MCHORNEY 1.00 X X 0 0 0 SUSAN OHMSEN 1.00 X 0 0 0 WILLIAM A PEAK 1.00 X X 0 0 0 BRIAN T ROWE 1.00 X 0 0 0 W DOUGLAS RUSSELL 1.00 X 0 0 0 NANCY MARTIN TUCK 1.00 X 0 0 0 JAMES E TURNER 1.00 X 0 0 0 KENNETH W WREN JR 1.00 X 0 0 0 MONICA Y BROTHERS 1.00 X 0 0 0 CRYSTAL H JACKSON 1.00 X 0 0 0 W WAYNE PERRY 1.00 X 0 0 0 KEVIN J RUTH 1.00 X 0 0 0 DEAN G VINCENT 1.00 X 0 0 0 SHIRLEY CULPEPPER BALDWIN 1.00 X 0 0 0 MR DAVID GRAY 1.00 X 0 0 0 CARNEY HAWKS 1.00 X 0 0 0 ROBERT W JONES 1.00 X 0 0 0 DR ANNE E MORGAN 1.00 X 0 0 0 COLLEY W BELL III 50.00 X 139958 0 20012 WILLIAM H RIDDICK III 1.00 X 0 0 0 139958 0 20012 1 0 1 0 0 530519 28858 530519 TUITION 611600 8608431 8608431 REGISTRATION 611600 503785 503785 INSTRUCTIONAL INCOME 611600 85717 85717 9197933 126390 126390 282868 271638 11230 11230 11230 263056 141699 121357 121357 TRANSPORTATION 611600 262847 262847 BUILDING FUND ASSESSME 611600 155775 155775 OTHER INCOME 611600 104307 104307 100595 100595 623524 10610953 9353708 0 726726 212000 212000 6202814 5296233 699136 207445 456074 376546 64779 14749 486430 401609 69091 15730 9801 9801 42404 42404 160291 160291 7410 7410 19968 19968 193045 193045 487591 438832 48759 109368 20780 88588 INSTRUCTIONAL MATERIALS 358835 358835 EQUIPMENT RENTAL AND MA 348289 253690 94599 UTILITIES 329083 329083 ATHLETICS 286902 286902 SUPPLIES 284615 210202 17314 57099 770026 375404 394622 10764946 8375494 1934138 455314 239500 95925 987929 599973 398073 368171 30000 236661 131201 19192258 9737311 9480147 9454947 1700939 2080227 51716 97540 103276 13094965 12961260 1013599 968370 512731 354843 3552400 4308333 1081321 348969 281016 227660 6441067 6208175 X 5362925 5913514 1250973 799571 40000 40000 6653898 6753085 13094965 12961260 X -153993 253180 X X 0 1 1 X 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 40000 7758 7758 40000 1605989 2966 2966 1565989 40000 1938766 61756 -223477 171056 1605989 0.00000 1.00000 0.00000 0 0 2532861 2532861 12933452 6348504 6584948 3725945 3388807 337138 9454947 CASH FLOW HEDGE LIABILITY 117303 CAPITAL LEASE PAYABLE 110357 227660 10610953 10764946 -153993 335588 -82408 253180 99187 10946541 335588 335588 10610953 0 10610953 10764946 0 10764946 0 10764946 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: UNDER PROVISIONS OF THE INTERNAL REVENUE CODE, SECTION 501(C)(3), THE SCHOOL IS EXEMPT FROM FEDERAL AND STATE TAXES ON INCOME OTHER THAN UNRELATED BUSINESS INCOME. SINCE THE SCHOOL HAD NO NET UNRELATED BUSINESS INCOME DURING 2011, NO PROVISION FOR INCOME TAXES HAS BEEN MADE. THE SCHOOL HAS DETERMINED THAT IT DOES NOT HAVE ANY MATERIAL UNRECOGNIZED TAX BENEFITS OR OBLIGATIONS AS OF JUNE 30, 2011. FISCAL YEARS ENDING ON OR AFTER JUNE 30, 2008 REMAIN SUBJECT TO EXAMINATION BY FEDERAL AND STATE TAX AUTHORITIES. PART XI, LINE 8 - OTHER ADJUSTMENTS: LOSS FROM CASH FLOW HEDGE -82,408. ROUNDING 1 1 1 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 EXPLANATION OF NONDISCRIMINATORY POLICY PUBLICATION SCHEDULE E, PART I, LINE 3 THE SCHOOL PUBLICIZES ITS NONDISCRIMINATION POLICY ON ITS EMPLOYMENT APPLICATION AND AD CAMPAIGNS. EXPLANATION OF DOCUMENT RETENTION SCHEDULE E, PART I, LINE 4 APPLICATIONS DO NOT REFER TO RACE IN ANY MANNER. ADDITIONAL RECORDS ARE NOT DEEMED NECESSARY. GOLDEN SAINTS 35262 35262 8762 ART SHOW 171784 171784 116679 2 56010 56010 16258 263056 263056 141699 141699 121357 1 ANNE BAGNELL JONES SCHOLARSHIP FUND 1 1900 ROLLINS SCHOLARSHIPS 1 3300 BLANCHARD SCHOLARSHIP FOR ATHLETICS 2 500 PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, PART I, LINE 2: NSA PROVIDES TUITION ASSISTANCE GRANTS TO PARENTS BASED UPON FINANCIAL NEED CRITERIA. THESE GRANTS ARE FUNDED THROUGH THE OPERATING BUDGET AND NOT BY EXTERNAL SOURCES. APPLICANTS COMPLETE A STANDARDIZED FORM WITH SSS (SCHOOL AND STUDENT SERVICES). NSA USES THE DATA RECEIVED FROM THIS PROCESSING CENTER TO CALCULATE FINANCIAL NEED AND SEEKS TO ISSUES GRANTS THAT TOTAL 60% OF DEMONSTRATED NEED. TAX RETURNS ARE REQUIRED TO VERIFY DATA RECEIVED. THE FINANCE AND PROPERTY COMMITTEE IS TASKED WITH AUDITING A SAMPLE OF RECIPIENTS EACH YEAR TO ENSURE THE VALIDITY OF THE PROCESS. X 1 1 X X X 0 0 0 0 0 0 0 0 0 COLLEY W BELL III 139958 0 0 0 0 0 0 0 20012 0 159970 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. VIRGINIA SMALL BUSINESS FINANCING AUTHORITY 541300845 2010-12-10 4400000 FINANCE CONSTRUCTION AND EQUIPPING OF CLASSROOM ADDITIONS 0 0 0 4400000 2010 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 COLLEY W BELL III TO ASSIST IN MOVING EXPENSES INCURRED BY OFFICER X 30000 30000 0 1 1 30000 COLLEY W BELL III OFFICER TUITION FOR THE CHILDREN OF KEY EMPLOYEES ENROLLED IN SCHOOL ARE WAIVED EDITH HIGINBOTHAM KEY EMPLOYEE TUITION FOR THE CHILDREN OF KEY EMPLOYEES ENROLLED IN SCHOOL ARE WAIVED KENDA COUNCIL EMPLOYEE 1/2 TUITION FOR THE CHILDREN OF KEY EMPLOYEES ENROLLED IN SCHOOL ARE WAIVED TRENT BLYTHE EMPLOYEE 1/2 TUITION FOR THE CHILDREN OF KEY EMPLOYEES ENROLLED IN SCHOOL ARE WAIVED 0 0 X ATHLETIC EQUIPMENT, SUPPLIES, COMPUTER ACCESSORIES 35 28858 FAIR MARKET VALUE 0 0 0 FORM 990, PART VI, SECTION B, LINE 11 MANAGEMENT PREPARES FORM 990 WITH THE HELP OF ITS INDEPENDENT AUDITORS. THE DRAFT FORM 990 IS PRESENTED TO THE BOARD FOR REVIEW, AND THE BOARD MEMBERS HAVE THE OPPORTUNITY TO REVIEW AND COMMENT FOR CHANGES PRIOR TO FILING THE RETURN. 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 SCHOOLS AFFAIRS HONESTLY AND ECONOMICALLY, AND EXERCISING THEIR BEST CARE, SKILL AND JUDGMENT FOR THE BENEFIT OF THE SCHOOL. DISCLOSURE STATEMENTS/QUESTIONNAIRES ARE COMPLETED ANNUALLY. 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. 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 GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED GAINS ON INVESTMENTS: 335,588. LOSS FROM CASH FLOW HEDGE -82,408. ROUNDING TOTAL TO FORM 990, PART XI, LINE 5: 253,180. PART XII, LINE 2C NO CHANGES FROM PRIOR YEAR.