Nansemond-suffolk Academy Association Incorporated
Only null% goes to programs Strong reserves Growing revenue
Nansemond-suffolk Academy Association Incorporated is a 501(c)(3) organization based in Suffolk, Virginia, registered in 1968, with $24,299,335 in FY2024 revenue. CharityIndex grades it B.
3373 Pruden Blvd, Suffolk, VA, 23434 EIN 54-0801408 Since 1968
Revenue (FY2024)
$24.3M
▲ 23.9% vs prior year
Education median: $200K
Expenses (FY2024)
$20.1M
Net assets
$17.4M
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
B
★★★★
Rated on 2 of 4 criteria — the rest aren't reported in this filing type.
Held down by its weakest criterion — a strong score on one criterion can't hide a weak one.
How the rating works →—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Nansemond-suffolk Academy Association Incorporated— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
AFinancial health25% of the rating10 mo reserves · +17% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Nansemond-suffolk Academy Association Incorporated: 10 mo reserves · +17% margin earns a A on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Nansemond-suffolk Academy Association Incorporated— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
CTransparency10% of the rating2 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Nansemond-suffolk Academy Association Incorporated: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
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Contact & location
- Address
- 3373 Pruden Blvd, Suffolk, VA, 23434
- City
- Suffolk
- State
- Virginia
- Category
- Education
- Subcategory
- Elementary & Secondary Schools
- Website
- …
Financial trends
Revenue grew from $15.3M (FY2013) to $24.3M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $7.0MNet assets $17.4M
Operating margin
17.4%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$24.5M
Total liabilities
$7.0M
Net assets
$17.4M
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $24,299,335▲23.9% | $20,071,487▲3.2% | $17,436,510▲35.0% | $24,458,721▲20.4% | 990 |
| 2023 | $19,614,985▲6.4% | $19,444,524▲2.8% | $12,918,993▲4.9% | $20,314,583▲3.4% | 990 |
| 2022 | $18,442,964▲4.4% | $18,913,922▲11.5% | $12,309,717▼2.1% | $19,651,554▼1.2% | 990 |
| 2021 | $17,664,822▲4.2% | $16,960,538▲11.2% | $12,577,946▼0.7% | $19,895,333▼1.1% | 990 |
| 2020 | $16,951,472▲5.5% | $15,252,404▼5.4% | $12,666,209▲20.3% | $20,125,407▲1.2% | 990 |
| 2019 | $16,070,539▲4.5% | $16,129,438▲3.0% | $10,528,621▼3.4% | $19,879,912▲5.6% | 990 |
| 2018 | $15,380,039▲4.6% | $15,667,155▲3.5% | $10,895,041▼2.7% | $18,818,215▲0.1% | 990 |
| 2017 | $14,704,559▲6.5% | $15,131,110▲4.6% | $11,199,997▼2.7% | $18,807,948▼5.4% | 990 |
| 2016 | $13,806,329▲3.9% | $14,466,300▲18.1% | $11,513,073▼2.7% | $19,885,584▼4.2% | 990 |
| 2015 | $13,290,316▲1.9% | $12,252,061▲2.3% | $11,828,343▲7.7% | $20,760,948▲29.0% | 990 |
| 2014 | $13,043,594▼15.0% | $11,979,002▲0.5% | $10,982,262▲8.9% | $16,097,353▲6.6% | 990 |
| 2013 | $15,342,013 | $11,915,031▲1.9% | $10,081,906▲58.0% | $15,095,115▲25.2% | 990 |
| 2012 | — | $11,693,571▼1.5% | $6,382,777▲2.8% | $12,056,533▼3.4% | 990 |
| 2011 | — | $11,870,691▲10.3% | $6,209,451▼8.1% | $12,485,301▼3.7% | 990 |
| 2010 | — | $10,764,946▼2.0% | $6,753,085▲1.5% | $12,961,260▼1.0% | 990 |
| 2009 | — | $10,988,420 | $6,653,898 | $13,094,965 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Grants received · $180K total
13 grants to Nansemond-suffolk Academy Association Incorporated totaling $180K, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| American Online Giving Foundation Inc | General support | 2024 | $5,388 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2023 | $15,375 |
| National Philanthropic Tr | Religion | 2023 | $10,000 |
| National Philanthropic Tr | Education | 2022 | $60,000 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2022 | $16,312 |
| National Philanthropic Tr | Education | 2021 | $12,000 |
| National Philanthropic Tr | Education | 2020 | $10,000 |
| American Endowment Foundation | Programs | 2020 | $5,000 |
| American Endowment Foundation | Programs | 2019 | $5,750 |
| National Philanthropic Tr | Education | 2018 | $10,000 |
| National Philanthropic Tr | Culture & arts | 2017 | $10,000 |
| National Philanthropic Tr | Education | 2016 | $10,000 |
| National Philanthropic Tr | Education | 2015 | $10,000 |
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Frequently asked questions
- Is Nansemond-suffolk Academy Association Incorporated a legitimate nonprofit?
- Yes. Nansemond-suffolk Academy Association Incorporated is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 54-0801408, based in Suffolk, Virginia. Donations are tax-deductible.
- What is Nansemond-suffolk Academy Association Incorporated's EIN?
- Nansemond-suffolk Academy Association Incorporated's Employer Identification Number (EIN) is 54-0801408.
- How much revenue does Nansemond-suffolk Academy Association Incorporated report?
- Nansemond-suffolk Academy Association Incorporated reported $24,299,335 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Nansemond-suffolk Academy Association Incorporated have?
- CharityIndex grades Nansemond-suffolk Academy Association Incorporated B, based on financial health (reserves and operating margin).
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Data for Nansemond-suffolk Academy Association Incorporated (EIN 54-0801408) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.