2011-02-11T07:11:59-06:00 2010-06-30 GOODMAN & COMPANY LLP 440 MONTICELLO AVE SUITE 1400 NORFOLK VA 23510 990 2009-07-01 540806413 Norfolk Collegiate School NORF 7575830919 7336 Granby Street Norfolk VA 235053492 HEADMASTERPRESIDENT 7575830919 2011-02-05 1 Caron E Crouse 7576245100 2009 2016-02-24 21:20:13Z Scott Kennedy 7336 Granby Street Norfolk VA 235053492 12754631 0 X www.norfolkcollegiate.org X School 1948 VA To educate a diverse body of students to thrive in a college setting and beyond. 41 41 187 0 213163 0 2766078 653449 11076137 11255979 10243 100896 452877 496630 14305335 12506954 1102611 1149477 0 7448272 6175804 38262 33710 573062 4886381 4542233 13475526 11901224 829809 605730 28938597 30133400 9820734 10856369 19117863 19277031 To educate a diverse body of students to thrive in a college setting and beyond. 0 0 7867165 11101365 Operation of a private school with an approximate enrollment of 855 students. 7867165 1 1 0 0 0 0 0 0 1 1 1 0 1 0 0 0 0 1 1 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 9 0 1 187 1 0 0 0 0 0 1 1 0 41 41 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 VA X Norfolk Collegiate School 7575830919 7336 Granby Street Norfolk VA 235053492 Ronald A Stine 2.00 X 0 0 0 Robert W McFarland 2.00 X 0 0 0 Frederick V Martin 2.00 X 0 0 0 Richard D Roberts 2.00 X 0 0 0 Betsy N Mason 2.00 X 0 0 0 Stanley G Barr Jr 2.00 X 0 0 0 J Patrick Baker 2.00 X 0 0 0 Ashlyn M Brandt 2.00 X 0 0 0 Neal P Brodsky 2.00 X 0 0 0 Robert H Deford III 2.00 X 0 0 0 Harold W Gehman Jr 2.00 X 0 0 0 Diedre M Granger 2.00 X 0 0 0 Karen Price Owen 2.00 X 0 0 0 Charlotte Herndon 2.00 X 0 0 0 Steven B Hall 2.00 X 0 0 0 Henry U Harris III 2.00 X 0 0 0 Lesli W Henry 2.00 X 0 0 0 Christopher Kanter 2.00 X 0 0 0 Susan H Kelly 2.00 X 0 0 0 Richard F Kiefner JR 2.00 X 0 0 0 Michael J Massie 2.00 X 0 0 0 Charles R Patty JR 2.00 X 0 0 0 Kent P Porter 2.00 X 0 0 0 Barbara Sarris 2.00 X 0 0 0 Brook J Smith 2.00 X 0 0 0 Jeffrey A Swartz 2.00 X 0 0 0 Lauren V Wolcott 2.00 X 0 0 0 Joseph F Bouchard 2.00 X 0 0 0 Jeffrey S Creekmore 2.00 X 0 0 0 W Taylor Franklin 2.00 X 0 0 0 Jeffrey M Silverman 2.00 X 0 0 0 Elizabeth S Smith 2.00 X 0 0 0 Kenneth C Alexander 2.00 X 0 0 0 Mark S Batzel 2.00 X 0 0 0 Stephen E Heretick 2.00 X 0 0 0 Kevin M Larkin 2.00 X 0 0 0 Ken Beck 40.00 X 97920 0 2448 Gary D Bonnewell 2.00 X 0 0 0 Carol H Moore 2.00 X 0 0 0 Harrison J Perrine 2.00 X 0 0 0 SCOTT KENNEDY 50.00 X 183600 0 4580 281520 0 7028 1 0 1 0 SAGE Dining Services Inc 222 Bosley Ave Towson MD 21204 Food Service 568776 Tranquest LLC 994 Scott Street Norfolk VA 23502 Charter Bus services 164330 Shriver and Holland Associates 355 West Freemason Street Norfolk VA 23510 Construction 161264 Duke Services PO Box 6027 Williamsburg VA 23188 Cleaning services 148023 4 653449 653449 Tuition 611710 10519457 10519457 Registration Fees 611710 157400 157400 Summer Programs 611710 147211 147211 Activity Fees 611710 136749 136749 Textbook Sales 611710 77984 77984 217178 217178 11255979 255510 255510 34543 34543 34543 34543 154614 -154614 -154614 -154614 341987 93063 248924 248924 Extended Care 611710 126718 126718 Transportation 611710 69245 69245 Split Int. Agreements 611710 17200 17200 213163 12506954 11101365 213163 538977 1149477 1149477 5318458 3168152 1909003 241303 379829 284872 75966 18991 477517 358138 95503 23876 33352 33352 32945 32945 33710 33710 308272 289776 9248 9248 29127 25862 3265 207744 195280 6232 6232 524879 493387 15746 15746 Dining Services 568776 568776 Faculty Scholarships 463130 463130 Equipment rental and ma 337962 12467 322720 2775 Bad debts 231489 89651 141838 Athletic Dept. 212663 212663 1591894 1044526 471290 76078 11901224 7867165 3460997 573062 2159865 3809625 4960123 4426467 1240604 1053913 35678 46542 65387 128657 20681506 7414458 13486157 13267048 5638927 5934309 22937 18161 1328919 1448678 28938597 30133400 915468 984973 2024510 3080056 6363024 6316000 517732 475340 9820734 10856369 X 14689050 14952669 1536132 1348304 2892681 2976058 19117863 19277031 28938597 30133400 X 0 1 1 X 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 2845630 61505 195242 3102377 2644099 356560 -155029 2845630 0.99780 0.07930 0 0 2894417 2894417 15536882 5202966 10333916 2250207 2211492 38715 13267048 Payroll Withholding 178609 Deferred compensation 72000 Derivative Financial instruments 224731 475340 12506954 11901224 605730 -446562 -446562 159168 12180742 730202 93063 823265 11357477 1149477 1149477 12506954 11994287 93063 93063 11901224 0 11901224 Part V, Line 4: Description of Intended Use of Endowment Funds: Endowments are maintained for various reasons such as student scholarships, financial assistance, and faculty salaries. Part XI, Line 8 - Other Adjustments: Current Year Unrealized gain: 730202. gain on Derivative Instruments: 12633. Changes in Net Assets of Recipient Organization: -39920. Financial aid: -1149477. Part XII, Line 2d - Other Adjustments: Expenses per 8B of Part VIII: 93063. Part XII, Line 4b - Other Adjustments: Finanical aid: 1149477. Part XIII, Line 2d - Other Adjustments: Expenses per 8B of Part VIII: 93063. 1 1 1 Newspaper Advertisement 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 X 1 Donald E Craig & Associates Capital Campaign 0 0 33710 -33710 33710 -33710 VA Auction 155558 155558 34766 Fall Fair 63378 63378 20773 123051 123051 39375 341987 341987 94914 94914 247073 1 Need based financial aid 192 1149477 FMV Procedure for Monitoring Grants in the U.S.: Part I, Line 2: Schedule I, 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 KENNEDY 183600 0 0 0 0 0 0 0 4580 0 188180 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 on 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 11 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 statements 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. The process in which the School selects the independent accountant and assumes oversight over the audit has not changed from the prior 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) 509(a) N/A 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0