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NANSEMOND-SUFFOLK ACADEMY EDUCATIONAL FOUNDATION

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Public IRS 990 nonprofit record

NANSEMOND-SUFFOLK ACADEMY EDUCATIONAL FOUNDATION

EIN 47-2360748 · Educational Services (B90)

What they do

THE MISSION of NANSEMOND-SUFFOLK ACADEMY EDUCATIONAL FOUNDATION (THE "FOUNDATION") is to PROVIDE NEED BASED FINANCIAL AID for LOW INCOME STUDENTS ATTENDING NANSEMOND-SUFFOLK ACADEMY ASSOCIATION, INC. (THE "ACADEMY"), A VIRGINIA NON-STOCK CORPORATION, A TAX EXEMPT 501(C)(3) INSTITUTE, or for STUDENTS RESIDING IN THE COMMONWEALTH of VIRGINIA, WHOSE FAMILIES MEET GUIDELINES ESTABLISHED BY THE COMMONWEALTH of VIRGINIA RELATIVE to THE POVERTY LEVEL. THE FOUNDATION SUPPORTS THE ACADEMY and AT LEAST ONE OTHER EDUCATIONAL INSTITUTION, WHICH THE FOUNDATION HAS DESIGNATED AS STONEBRIDGE SCHOOL.

Before you give

Should I give to this charity?

Easy charity check
Look at where the money went

Of every $100 spent, about $96.50 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders6 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

136.82%of revenue went to mission work96.5% of expenses · Program services
$141.74spent for every $100 of revenueSpending was higher than revenue this year.
4.92%of revenue went to management and office costs3.5% of expenses
$0.20in assets for every $1 spent this yearSome assets cannot be spent right away.
100.0%of its money came from giftsOther money may come from services or investments.

Ask these three easy questions

  1. Who did you help? Ask for a recent story or report that shows real results.
  2. What will my money do? Ask exactly what your gift will pay for.
  3. Is this really the charity? Give only through its official website or confirmed phone number.

Worth asking: Expenses exceeded revenue by $84,428 this year. Ask whether that was planned or caused by a one-time event.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$202,272
Mission workProgram services$276,750136.82% of revenue96.5% of expenses
ManagementOffice and general costs$9,9504.92% of revenue3.5% of expenses
FundraisingAsking for donations0.00% of revenue0.0% of expenses
Total expenses$286,700141.74% of revenue

Expenses were greater than revenue, so the colored ring fills the available $100 and the total above 100% is shown below.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails
2024CurrentExpense mix: 96.5% mission · 3.5% management · 0.0% fundraisingTotal expenses: 141.74% of revenue
2023Expense mix: 97.8% mission · 2.2% management · 0.0% fundraisingTotal expenses: 73.87% of revenue
2022Expense mix: 96.6% mission · 0.0% management · 0.0% fundraisingTotal expenses: 112.14% of revenue
2021Expense mix: 95.8% mission · 4.2% management · 0.0% fundraisingTotal expenses: 92.85% of revenue
2020Expense mix: 97.7% mission · 2.3% management · 0.0% fundraisingTotal expenses: 89.17% of revenue
2019Expense mix: 97.1% mission · 2.9% management · 0.0% fundraisingTotal expenses: 96.85% of revenue
2018Expense mix: 98.1% mission · 0.0% management · 0.0% fundraisingTotal expenses: 130.66% of revenue
2017Expense mix: 99.3% mission · 0.7% management · 0.0% fundraisingTotal expenses: 82.17% of revenue

Money in and money out

Revenue$202,272
Expenses$286,700
Annual shortfall $84,428 Expenses were higher than revenue for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$276,750 · 96.5% of expenses
Management and office costs$9,950 · 3.5% of expenses
See all reported dollar amounts
Revenue$202,272
Expenses$286,700
Assets$56,755
Income$202,272
Contributions$202,252
Mission work (program services)$276,750
Grants given$1,473,750
Average grant$184,219
Management and general$9,950
People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

No compensation was reported for these leaders. The complete board and leadership roster is shown below.

Board and leadership roster (6)

ANDREW RIVENBARKDIRECTOR

COREY RUSSELLTREASURER

DOUGLAS C NAISMITHPRESIDENT

JOHN M COUNCILSECRETARY

KATHLEEN E MALLASDIRECTOR

MCLEMORE J BIRDSONG JRVICE PRESIDENT

About this charity

Recognized since
January 2015
Location
3373 PRUDEN BLVD, SUFFOLK, VA 23434
County
City of Suffolk
In care of
DOUGLAS C NAISMITH
Primary officer
DOUGLAS C NAISMITH, PRESIDENT

How to reach them

Filing and classification

Latest tax year
2024
Tax period began
October 1, 2024
Return type
990
Tax preparer
CHERRY BEKAERT ADVISORY LLC
NTEE classification
Educational Services (B90)
IRS tax category
Educational Services
Grant-giving organization
Yes

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About this report: Information comes from public nonprofit records and may show the latest filing available.

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