Norfolk Christian Schools
- Assets
- $9.3m
- Revenue
- $13.7m
- Investments
- $0.0
- Employees
- 253
- Location
- Norfolk, VA
- Founding
- 12/1980
- Data as of
- 06/2023
- EIN
- 54-0573503
Organization Overview
Norfolk Christian Schools is located in Norfolk, VA. The organization was established in 1980. According to its NTEE Classification (B20) the organization is classified as: Elementary & Secondary Schools, under the broad grouping of Education and related organizations. As of 06/2023, Norfolk Christian Schools employed 253 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Norfolk Christian Schools is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2023, Norfolk Christian Schools generated $13.7m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.2% each year. All expenses for the organization totaled $11.7m during the year ending 06/2023. While expenses have increased by 3.6% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
CHRISTIAN EDUCATIONAL INSTITUTION
Describe the Organization's Program Activity:
Part 3 - Line 4a
NORFOLK CHRISTIAN SCHOOLS OFFERS A COMPLETE CHRIST-CENTERED, COLLEGE PREPARATORY PROGRAM TAUGHT BY FACULTY COMMITTED TO THE SUCCESS OF EVERY STUDENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lisa Mazzio President | OfficerTrustee | 2 | $0 |
Tasha Scott-Beverly Vice President | OfficerTrustee | 2 | $0 |
Donald Crigger Secretary | OfficerTrustee | 2 | $0 |
Frank Allgood Board Member | Trustee | 2 | $0 |
Cory Jessee Board Member | Trustee | 2 | $0 |
Ed Haywood Board Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $344,434 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,541,651 |
| Noncash contributions included in lines 1a–1f | $344,434 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,886,085 |
| Total Program Service Revenue | $9,752,340 |
| Investment income | $49,394 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $13,687,819 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $1,468,014 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $152,279 |
| Compensation of current officers, directors, key employees. | $21,319 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $5,658,644 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $418,065 |
| Payroll taxes | $388,832 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $51,907 |
| Fees for services: Accounting | $38,800 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $7,863 |
| Fees for services: Other | $328,792 |
| Advertising and promotion | $140,952 |
| Office expenses | $17,203 |
| Information technology | $222,034 |
| Royalties | $0 |
| Occupancy | $395,126 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $60,431 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $423,926 |
| Insurance | $126,667 |
| All other expenses | $358,364 |
| Total functional expenses | $11,700,177 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $86,860 |
| Savings and temporary cash investments | $589,644 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,665,908 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $1,207,365 |
| Net Land, buildings, and equipment | $1,918,516 |
| Investments—publicly traded securities | $992,619 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,835,826 |
| Total assets | $9,296,738 |
| Accounts payable and accrued expenses | $868,801 |
| Grants payable | $0 |
| Deferred revenue | $354,334 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $1,570,354 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $539,345 |
| Total liabilities | $3,332,834 |
| Net assets without donor restrictions | $4,510,668 |
| Net assets with donor restrictions | $1,453,236 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $9,296,738 |