2026-05-11T13:31:25-05:00 2025-06-30 450250958 EIDE BAILLY LLP 150 W MAIN ST STE 1200 NORFOLK VA 235101620 990 2024-07-01 540806413 NORFOLK COLLEGIATE SCHOOL NORF 7575830919 7336 GRANBY STREET NORFOLK VA 23505 SCOTT KENNEDY HEAD OF SCHOOL 7575830919 2026-05-08 1 1 DARIA G PAYNE CPA P01007413 7576254700 2026-05-07 2024 2025-03-06 01:10:19Z SCOTT KENNEDY 7336 GRANBY STREET NORFOLK VA 23505 16671113 0 X WWW.NORFOLKCOLLEGIATE.ORG X 1948 VA TO EDUCATE A DIVERSE BODY OF STUDENTS TO THRIVE IN A COLLEGE SETTING AND BEYOND. 20 20 285 20 0 0 1166609 2774415 13087371 13410191 100671 125453 327671 183196 14682322 16493255 2193369 3160173 0 0 6990488 7278659 0 0 532364 5981054 4963958 15164911 15402790 -482589 1090465 24969528 26668991 8773854 9104012 16195674 17564979 TO EDUCATE A DIVERSE BODY OF STUDENTS TO THRIVE IN A COLLEGE SETTING AND BEYOND. 0 0 12759349 3160173 13410191 OPERATION OF A PRIVATE SCHOOL WITH AN APPROXIMATE ENROLLMENT OF 600 STUDENTS. 12759349 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 0 1 1 0 0 0 0 0 1 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 1 16 0 1 285 1 0 0 0 0 0 0 0 0 0 0 0 0 X 20 20 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 VA X X THE ORGANIZATION 7575830919 7336 GRANBY STREET NORFOLK VA 23505 TAYLOR FRANKLIN CHAIRMAN 2.00 0.00 X X 0 0 0 LANGBOURNE WILLIAMS PAST CHAIRMAN 2.00 0.00 X X 0 0 0 GEORGE M RECTOR TRUSTEE 2.00 0.00 X 0 0 0 BRIAN M CLEMENTS TREASURER 2.00 0.00 X X 0 0 0 GREG MURPHY TRUSTEE 2.00 0.00 X 0 0 0 PAMELA E CRENSHAW SECRETARY 2.00 0.00 X X 0 0 0 VIRGINIA HITCH TRUSTEE 2.00 0.00 X 0 0 0 THOMAS E MATHAS TRUSTEE 2.00 0.00 X 0 0 0 THOMAS MINTON III VICE CHAIRMAN 2.00 0.00 X X 0 0 0 DR SHARON B REED TRUSTEE 2.00 0.00 X 0 0 0 ANDREW A PROTOGYROU TRUSTEE 2.00 0.00 X 0 0 0 DR ELIZABETH RUTH SMITH TRUSTEE 2.00 0.00 X 0 0 0 TRINA S STEWART TRUSTEE 2.00 0.00 X 0 0 0 MEREDITH LARSON TRUSTEE 2.00 0.00 X 0 0 0 ANDREW CASTELLANO TRUSTEE 2.00 0.00 X 0 0 0 BERT B HENDERSON IV TRUSTEE 2.00 0.00 X 0 0 0 ANDREW M SCHAUBACH TRUSTEE 2.00 0.00 X 0 0 0 KATHERINE TAYLOR TRUSTEE 2.00 0.00 X 0 0 0 LEVI THOMSON TRUSTEE 2.00 0.00 X 0 0 0 GORDON M WOLCOTT TRUSTEE 2.00 0.00 X 0 0 0 SCOTT G KENNEDY HEAD OF SCHOOL 60.00 0.00 X 238638 0 12738 ANNE C CLAYWELL HEAD OF UPPER SCHOOL 40.00 0.00 X 111931 0 6570 STACY NIXON ASSISTANT HEAD FOR ADVANCE 40.00 0.00 X 150154 0 1859 CARY A SAWYER DIRECTOR OF FINANCE AND OP 40.00 0.00 X 135670 0 12744 NEFERTITI MAKEDA DIRECTOR OF DIVERSITY AND 40.00 0.00 X 107496 0 6516 743889 0 40427 5 0 1 0 THE BUDD GROUP INC PO BOX 890856 CHARLOTTE NC 28289 BUILDING & MAINTENANCE 815447 FLIK DINING SERVICES PO BOX 417632 BOSTON MA 02241 FOOD SERVICE 784512 HOBBS & ASSOCIATES 4850 BROOKSIDE COURT NORFOLK VA 23502 HVAC 208750 JRC SERVICES LLC 2740 ELLSMERE AVE NORFOLK VA 23513 MECHANICAL SERVICES 163352 BLACKBAUD P O BOX 844827 BOSTON MA 02284 SOFTWARE PROGRAMS 109730 5 61583 2712832 693912 2774415 TUITION 611710 13137141 13137141 AUXILIARY SERVICES 611710 273050 273050 13410191 125453 125453 171520 30818 140702 140702 140702 189534 61583 147040 42494 42494 16493255 13410191 0 308649 7188 7188 3152985 3152985 243211 181116 45010 17085 6114713 4553545 1131626 429542 380884 283639 97245 539851 369942 126834 43075 21669 21669 1248233 974137 233410 40686 86498 86498 44969 44969 340468 329349 11119 668 584 84 167724 167724 781671 781671 128055 128055 DINING SERVICES 774886 774886 ATHLETIC DEPARTMENT 304771 304771 LEARNING RESOURCE PROGR 243611 243611 EXTENDED CARE 116538 116538 704197 390192 312113 1892 15402790 12759349 2111077 532364 3473958 3359599 229736 305149 312196 493397 128786 103338 31797 38923 150027 136362 33089873 16201681 16372171 16888192 4051447 5122258 219410 221773 24969528 26668991 1051746 1074252 2928475 3220482 4613114 4311030 149112 485966 31407 12282 8773854 9104012 X 12758233 12993569 3437441 4571410 16195674 17564979 24969528 26668991 X 1090465 277867 973 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 3332421 840878 322586 86645 4409240 2786409 215942 423568 93498 3332421 2375618 147971 356496 93676 2786409 2638878 114649 -278576 99333 2375618 2169407 7179 573450 111158 2638878 0.03401 0.36770 0.59829 0 0 2810442 2810442 28105960 14457728 13648232 1883024 1516311 366713 290447 227642 62805 16888192 LEASE LIABILITY 12282 12282 X 14740807 277867 178831 456698 14284109 21669 2187477 2209146 16493255 13371502 177858 177858 13193644 2209146 2209146 15402790 PART V, LINE 4: ENDOWMENTS ARE MAINTAINED FOR VARIOUS REASONS SUCH AS STUDENT SCHOLARSHIPS, FINANCIAL ASSISTANCE, AND FACULTY SALARIES. THE SCHOOL'S ENDOWMENT CONSISTS OF MULTIPLE INDIVIDUAL FUNDS ESTABLISHED FOR A VARIETY OF PURPOSES. THE ENDOWMENT INCLUDES DONOR-RESTRICTED ENDOWMENT FUNDS. NET ASSETS ASSOCIATED WITH ENDOWMENT FUNDS ARE CLASSIFIED AND REPORTED BASED ON THE EXISTENCE OR ABSENCE OF DONOR-IMPOSED RESTRICTIONS. PART X, LINE 2: THE SCHOOL IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, EXCEPT ON NET INCOME DERVIED FROM UNRELATED BUSINESS ACTIVITIES. INTERNAL REVENUE CODE SECTION 513(A) DEFINES AN UNRELATED TRADE OR BUSINESS OF AN EXEMPT ORGANIZATION AS ANY TRADE OR BUSINESS WHICH IS NOT SUBSTANTIALLY RELATED TO THE EXERCISE OR PERFORMANCE OF ITS EXEMPT PURPOSE. CURRENTLY, THE SCHOOL HAS NO OBLIGATION FOR ANY UNRELATED BUSINESS INCOME TAX. THE SCHOOL BELIEVES IT HAS APPROPRIATE SUPPORT FOR ANY TAX POSITIONS TAKEN, AND AS SUCH, DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS THAT ARE MATERIAL TO THE CONSOLIDATED FINANCIAL STATEMENTS; HOWEVER, ANY PENALTIES AND INTEREST INCURRED AS A RESULT OF UNCERTAIN TAX POSITIONS WOULD BE RECORDED IN GENERAL AND ADMINISTRATIVE EXPENSES. PART XI, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES 147,040. RENTAL EXPENSES 30,818. CHANGE IN INTEREST IN NET ASSETS OF RECIPIENT ORGANIZATION 973. PART XI, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 2,187,477. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES 147,040. RENTAL EXPENSES 30,818. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 2,187,477. INVESTMENT FEES 21,669. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 SCHEDULE E, PART I, LINE 3 NEWSPAPER ADVERTISEMENT COLLEGIATE CORNER 85463 85463 56505 AUCTION 89581 61583 27998 168 20199 37031 2 76073 76073 33137 251117 61583 189534 168 20199 126673 147040 42494 1 NORFOLK COLLEGIATE EDUCATIONAL FOUNDATION INC 7336 GRANBY STREET NORFOLK VA 23505 541893594 501(C)(3) 7188 0 SUPPORT OF THE FOUNDATION CHARITABLE PURPOSE 1 0 NEED BASED FINANCIAL AID FOR TUITION 242 3152985 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 G KENNEDY HEAD OF SCHOOL 238638 0 0 0 0 0 0 0 8099 0 246737 0 0 0 STACY NIXON ASSISTANT HEAD FOR ADVANCE 150154 0 0 0 0 0 0 0 1859 0 152013 0 0 0 A NORFOLK AIRPORT AUTHORITY 546001465 000000000 2022-02-28 5283000 REFUND BONDS ISSUED 6/28/2012 AND 4/30/2015 0 1 0 A 971970 5283000 105368 5177632 1 0 1 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 A 0 0 0 0 0 0 0 0 1 A 1 X 31 362641 FMV X 1 305000 FMV X SUPPLIES 1 26271 FMV 0 1 0 PART I, COLUMN (B): THE ORGANIZATION IS REPORTING THE NUMBER OF CONTRIBUTIONS, NOT THE NUMBER OF ITEMS RECEIVED. FORM 990, PART VI, SECTION A, LINE 1A THE EXECUTIVE COMMITTEE IS EMPOWERED TO TAKE ANY ACTION THE TRUSTEES MAY TAKE IN REGULAR SESSION, EXCEPT TO: SELL OR ENCUMBER THE CORPORATION'S ASSETS; ELECT OR REMOVE TRUSTEES; ELECT OR REMOVE OFFICERS; APPROVE LOANS OR TRANSFERS IN AN AMOUNT MORE THAN $10,000 INCLUDING USE OF A LINE OF CREDIT; INITIATE OR APPROVE ANY PLAN OF DISSOLUTION UNLESS GIVEN SPECIFIC POWER TO SO ACT BY THE BOARD OF TRUSTEES, WHICH GRANT OF POWER SHALL BE BY RESOLUTION DULY ADOPTED; AMEND THE ARTICLES OF INCORPORATION; ADOPT, AMEND OR REPEAL THE BY-LAWS; OR TAKE ANY OTHER ACTION WHICH BY LAW MAY NOT BE DELEGATED BY THE BOARD TO THE EXECUTIVE COMMITTEE. THE EXECUTIVE COMMITTEE IS EXPRESSLY AUTHORIZED, BETWEEN MEETINGS OF THE BOARD, TO UNDERTAKE AND MAKE ALL NECESSARY AND LAWFUL ACTIONS AND DECISIONS. FORM 990, PART VI, SECTION B, LINE 11B 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. HEAD OF SCHOOL 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 STATEMETNS 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. FORM 990, PART XI, LINE 9: CHANGE IN INTEREST IN NET ASSETS OF RECIPIENT ORGANIZATION 973. FORM 990; PART XII; LINE 2C THE ORGANIZATION HAS A COMMITTEE THAT ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT. THE ORGANIZATION HAS NOT CHANGED ITS OVERSIGHT PROCESS OR SELECTION PROCESS DURING THE YEAR. NCS REAL ESTATE HOLDING LLC 7336 GRANBY ST NORFOLK VA 23505 274477325 VA 647129 978560 NORFOLK COLLEGIATE SCHOOL NC ACORN I 7336 GRANBY ST NORFOLK VA 23505 VA 0 0 NCS REAL ESTATE HOLDING LLC NC ACORN II 7336 GRANBY ST NORFOLK VA 23505 VA 0 0 NCS REAL ESTATE HOLDING LLC NC ACORN III 7336 GRANBY ST NORFOLK VA 23505 VA 0 0 NCS REAL ESTATE HOLDING LLC NC ACORN IV 7336 GRANBY ST NORFOLK VA 23505 VA 0 0 NCS REAL ESTATE HOLDING LLC NC ACORN V 7336 GRANBY ST NORFOLK VA 23505 VA 0 0 NCS REAL ESTATE HOLDING LLC NC ACORN VI 7336 GRANBY ST NORFOLK VA 23505 VA 0 0 NCS REAL ESTATE HOLDING LLC NC ACORN VII 7336 GRANBY ST NORFOLK VA 23505 VA 0 0 NCS REAL ESTATE HOLDING LLC 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) LINE 7 N/A 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0