2011-05-16T09:13:51-05:00 2010-06-30 GOODMAN & COMPANY LLP 272 BENDIX ROAD SUITE 500 VIRGINIA BEACH VA 23452 990 2009-07-01 540801408 NANSEMOND SUFFOLK ACADEMY ASSOC INC NANS 7575398789 3373 PRUDEN BLVD SUFFOLK VA 23434 COLLEY W BELL III 7575398789 2011-05-16 1 CARON CROUSE CPA 7574578400 2009 2016-02-24 21:20:13Z COLLEY W BELL III 3373 PRUDEN BLVD SUFFOLK VA 23434 12295532 0 X WWW.NSACADEMY.ORG X 1966 VA NANSEMOND SUFFOLK ACADEMY ASSOCIATION, INC. IS A NOT-FOR-PROFIT ORGANIZATION THAT PROVIDES PRE-KINDERGARTEN THROUGH GRADE 12, COEDUCATIONAL COLLEGE PREPARATORY EDUCATION. 29 29 265 675 0 0 572329 1583395 9584741 9463988 29308 313811 923353 688517 11109731 12049711 26330 0 0 8079112 7506831 0 519820 3678710 3481589 11784152 10988420 -674421 1061291 12746412 13094965 7013745 6441067 5732667 6653898 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 8586136 9608968 OPERATION OF A PRIVATE SCHOOL FOR APPROXIMATELY 942 CHILDREN GRADES PRE-KINDERGARTEN THROUGH TWELVE. 8586136 1 1 0 0 0 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 1 0 0 1 0 0 0 0 0 0 0 0 1 0 0 1 265 1 0 0 0 0 0 0 0 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 ROBERT ANDERSON 1.00 X 0 0 0 JANE BENTON 1.00 X 0 0 0 CHARLES R BIRDSONG 1.00 X X 0 0 0 MARK H BRINKLEY 1.00 X 0 0 0 R SCOTT CARR 1.00 X 0 0 0 HARRY LEE CROSS 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 J LES HALL 1.00 X 0 0 0 WILLIAM W HANNAH 1.00 X 0 0 0 RICHARD A HANSON 1.00 X X 0 0 0 KEITH D HORTON 1.00 X 0 0 0 DEBORAH MCHORNEY 1.00 X X 0 0 0 SUSAN ATKINSON 1.00 X 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 KURT W TAVES 1.00 X 0 0 0 NANCY MARTIN TUCK 1.00 X 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 EDITH HIGINBOTHAM 40.00 X 72000 0 36542 COLLEY W BELL III 40.00 X 140000 0 27429 WILLIAM H RIDDICK III 1.00 X 0 0 0 140000 0 27429 1 0 1 0 MULTI-PRINT INC 911 G STREET HAMPTON VA 23661 PRINTING EXPENSE 116715 1 1583395 23976 1583395 TUITION 611600 8861053 8861053 REGISTRATION 611600 519168 519168 INSTRUCTIONAL INCOME 611600 83767 83767 9463988 104589 104589 317573 108351 209222 209222 209222 283105 137470 145635 145635 TRANSPORTATION 611600 265054 265054 BUILDING FUND ASSESSME 611600 144980 144980 OTHER INCOME 611600 103900 103900 28948 28948 542882 12049711 9608968 0 857348 212000 212000 6415482 5503298 676254 235930 68322 56733 9157 2432 310956 258210 41676 11070 500071 415247 67022 17802 14861 14861 21864 21864 12698 12698 222043 222043 529756 476780 52976 112978 21466 91512 UTILITIES 332057 332057 SUPPLIES 314726 239009 15520 60197 ATHLETICS 286126 286126 INSTRUCTIONAL MATERIALS 248528 248528 EQUIPMENT RENTAL AND MA 243332 201141 42191 1142620 534843 415388 192389 10988420 8586136 1882464 519820 478980 239500 137174 987929 428317 398073 96556 236661 18734130 9253983 9901746 9480147 1422488 1700939 281151 51716 12746412 13094965 1049157 1013599 343280 512731 3815600 3552400 35175 1516625 1081321 253908 281016 7013745 6441067 X 5483836 5362925 208831 1250973 40000 40000 5732667 6653898 12746412 13094965 X 0 1 1 X 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1605989 0 2966 2966 1565989 40000 1938766 61756 -223477 171056 1605989 0.00000 1.00000 0.00000 0 0 2278233 2278233 12933452 7254170 5679282 3522445 1999813 1522632 9480147 CASH FLOW HEDGE LIABILITY 281016 281016 12049711 10988420 1061291 -112952 -27108 -140060 921231 11936758 -112953 -112953 12049711 0 12049711 10961312 0 10961312 27108 27108 10988420 Part XI, Line 8 - Other Adjustments: LOSS FROM CASH FLOW HEDGE: -27107. Rounding : -1. 1 1 1 THE SCHOOL PUBLICIZES ITS NONDISCRIMINATION POLICY ON ITS EMPLOYMENT APPLICATION AND AD CAMPAIGNS. 0 1 1 1 APPLICATIONS DO NOT REFER TO RACE IN ANY MANNER. ADDITIONAL RECORDS ARE NOT DEEMED NECESSARY. 0 0 0 0 0 0 0 0 0 0 1 AUCTION 71515 71515 19416 ART SHOW 136438 136438 93126 4 75152 75152 24928 283105 283105 137470 137470 145635 1 ANNE BAGNELL JONES SCHOLARSHIP FUND 1 2600 ROLLINS SCHOLARSHIPS 1 2600 BLANCHARD SCHOLARSHIP FOR ATHLETICS 2 21130 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 X X 0 0 0 0 0 0 0 0 0 COLLEY W BELL III 140000 0 0 0 0 0 0 0 27429 0 167429 0 0 0 INDUSTRIAL DEVELOPMENT AUTHORITY OF THE CITY OF POQUOSON VIRGINIA 546002975 2003-11-20 5000000 FOR CONSTRUCTION AND RENVOATION OF SCHOOL GROUNDS 0 0 5000000 5000000 2004 0 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 0 1 1 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 BOARD MEMBER BOARD MEMBER 116715 PRINTING EXPENSES INCURRED BY THE SCHOOL PAID TO PRINTING COMPANY OWNED BY THE BOARD MEMBER 0 X ATHLETIC EQUIPMENT, SUPPLIES, COMPUTER ACCESSORIES 10 23976 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. FINAL APPROVAL OF THE FORM IS GIVEN BY THE BOARD AND THE FORM IS SUBMITTED. 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. No changes from prior year.