2025-02-04T14:11:13-06:00 2024-09-30 882730877 CHERRY BEKAERT ADVISORY LLC 222 CENTRAL PARK AVE STE 1400 VIRGINIA BEACH VA 23462 990 2023-10-01 472360748 NANSEMOND-SUFFOLK ACADEMY EDUCATIONAL FOUNDATION NANS 7575398789 3373 PRUDEN BLVD SUFFOLK VA 23434 DOUGLAS C NAISMITH PRESIDENT 7575398789 2025-01-28 1 1 BREE-ANN WEIDNER P01319397 7574562400 2023 2025-03-06 01:10:19Z DOUGLAS C NAISMITH 3373 PRUDEN BLVD SUFFOLK VA 23434 411975 0 X N/A X 2014 VA SEE SCHEDULE OTO PROVIDE NEED BASED FINANCIAL AID FOR LOW INCOME STUDENTS ATTENDING NANSEMOND-SUFFOLK ACADEMY ASSOCIATION. 6 6 0 6 0 0 173166 411767 0 0 5 208 0 0 173171 411975 187500 297500 0 0 0 0 0 0 0 6692 6829 194192 304329 -21021 107646 33537 141183 0 0 33537 141183 X 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. 0 0 297500 297500 TO PROVIDE NEED BASED FINANCIAL AID FOR LOW INCOME STUDENTS RESIDING IN THE COMMONWEALTH OF VIRGINIA. A TOTAL OF 108 SCHOLARSHIPS WERE MADE DURING FISCAL YEAR 2024. 297500 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 6 6 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 0 0 0 0 VA X ANGELA THOMPSON 7575398789 3373 PRUDEN BLVD SUFFOLK VA 23434 X DOUGLAS C NAISMITH PRESIDENT 5.00 0.00 X X 0 0 0 MCLEMORE J BIRDSONG JR VICE PRESIDENT 1.00 0.00 X X 0 0 0 S PAUL HUBER TREASURER 1.00 0.00 X X 0 0 0 JOHN M COUNCIL SECRETARY 1.00 0.00 X X 0 0 0 ANDREW RIVENBARK DIRECTOR 1.00 0.00 X 0 0 0 COREY RUSSELL DIRECTOR 1.00 0.00 X 0 0 0 0 0 0 0 0 0 0 0 411767 39348 411767 208 208 411975 0 0 208 297500 297500 ADMINISTRATIVE EXPENSES 6829 6829 304329 297500 6829 0 33537 141183 33537 141183 0 0 X 369 577 33168 140606 33537 141183 33537 141183 107646 0 X 1 X 0 1 0 X 209749 281300 185500 173166 411767 1261482 209749 281300 185500 173166 411767 1261482 790854 470628 344 4 4 5 208 565 1262047 0.37290 0.37130 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 X PART X, LINE 2: THE FOUNDATION HAS EVALUATED THE EFFECT OF GUIDANCE ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES. THE FOUNDATION IS A NOT-FOR-PROFIT ORGANIZATION AND IS EXEMPT FROM TAXATION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. MANAGEMENT BELIEVES THE FOUNDATION CONTINUES TO SATISFY THE REQUIREMENTS OF A TAX-EXEMPT ORGANIZATION AND, THEREFORE, HAD NO UNCERTAIN INCOME TAX POSITIONS AT SEPTEMBER 30, 2024. 1 NANSEMOND-SUFFOLK ACADEMY ASSOCIATION INC 3373 PRUDEN BLVD SUFFOLK VA 23434 540801408 501(C)(3) 292000 0 SCHOLARSHIPS STONEBRIDGE SCHOOL PO BOX 9247 CHESAPEAKE VA 23321 541358212 501(C)(3) 5500 0 SCHOLARSHIPS 2 0 PART I, LINE 2: THE NANSEMOND-SUFFOLK EDUCATIONAL FOUNDATION MONITORS NANSEMOND-SUFFOLK ACADEMY AND STONEBRIDGE SCHOOL TO ENSURE THAT SCHOLARSHIP FUNDS ARE USED APPROPRIATELY BY OBTAINING SUPPORTING DOCUMENTATION, INCLUDING INDIVIDUAL TAX RETURNS, OF THE SCHOLARSHIP RECIPIENTS TO ENSURE THEY QUALIFY FOR THE INTENDED SCHOLARSHIP AS OUTLINED BY THE VIRGINIA DEPARTMENT OF EDUCATION'S EDUCATION IMPROVEMENT SCHOLARSHIP TAX CREDIT PROGRAM. X 1 39348 FAIR MARKET VALUE 0 0 1 0 FORM 990, PART VI, SECTION B, LINE 11B 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 ANNUALLY, ALL BOARD MEMBERS SIGN THE CONFLICT OF INTEREST STATEMENT. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINACIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST.