Overview
What is The Norfolk Academy?
The Norfolk Academy is a college preparatory co-educational day school based in Norfolk, offering a comprehensive program for students from grades one to twelve. With a focus on nurturing maturity and intellectual, aesthetic, and moral growth, the Academy provides well-rounded educational opportunities. The school's mission is to develop responsible citizens of a democracy, encouraging participation in various activities and offering leadership training. The Norfolk Academy prides itself on its commitment to the spiritual and ethical values of the Judeo-Christian heritage and aims to instill these values in its community. The school offers a range of programs for students, including academic disciplines, fine arts, and athletics.
Official website here: www.norfolkacademy.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Star rating)
The Norfolk Academy has achieved a notable 96% rating from Charity Navigator, earning it a prestigious Four-Star designation. This score reflects a strong focus on Accountability and Finance, indicating that the organization is effectively managing its resources and maintaining high standards of transparency. With a perfect score in various financial categories, the Academy demonstrates a commitment to sound financial practices.
One of the organization's strengths is its governance, highlighted by the high percentage of independent board members (93%), which suggests a robust oversight structure. The financial audit and oversight mechanisms are thorough, with no reported material diversion of assets and an excellent liabilities to assets ratio of 8.61%. Furthermore, the presence of essential policies such as conflict of interest and whistleblower policies further underscores the organization's dedication to ethical operation.
While the data points to the Norfolk Academy's solid financial health and governance, it is important for potential donors and stakeholders to also consider the broader impact of its programs and services. No limitations were noted in the feedback, indicating a positive perception of the Academy's overall management and operational effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is The Norfolk Academy legitimate?
The Norfolk Academy is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Norfolk Academy submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $765,002
Professional Fundraising Fees: $0
Other Salaries and Wages: $16,595,697
For more financial information, click here
Official website here: www.norfolkacademy.org
What is the mission statement of The Norfolk Academy?
The Norfolk Academy is a co-educational day school dedicated to assisting students in their development of maturity in body, mind, and character. The academy aims to foster an appreciation for intellectual, aesthetic, and moral excellence, offering well-developed programs in both academic disciplines and fine arts and athletics. The Norfolk Academy seeks to prepare students to become responsible and useful citizens in a democracy, instilling in them an awareness of their roles in creating a just society. The school is committed to the spiritual and ethical values of the Judeo-Christian heritage and strives to make these values a part of the Norfolk Academy community. The academy offers a coordinated program for students from grades one through twelve, encouraging responsible participation in various school activities and providing opportunities for leadership training.
Official website here: www.norfolkacademy.org
What is the revenue of The Norfolk Academy?
The Norfolk Academy's revenue in 2024 was $36,529,507.
Official website here: www.norfolkacademy.org
Who are the executives of The Norfolk Academy and what are their salaries?
The average compensation at The Norfolk Academy during 2024 was $42,760. There are 406 employees and 1300 volunteers at The Norfolk Academy.
Here are 36 key members and their salaries:
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Official website here: www.norfolkacademy.org
Where can I find the form 990 for The Norfolk Academy?
The Norfolk Academy's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.norfolkacademy.org
Learn more at the official website: www.norfolkacademy.org
Mission Statement of The Norfolk Academy
The Norfolk Academy, a college preparatory co-educational day school, is dedicated to helping its students grow into mature individuals, both physically and intellectually. Nestled within its well-structured programs, The Norfolk Academy aims to cultivate an appreciation for intellectual, aesthetic, and moral excellence among its students. The institution aspires to prepare young individuals to become responsible citizens of a democracy, instilling in them a sense of awareness and the understanding of their roles in shaping a just society.
Established on the foundational principles of the Judeo-Christian heritage, The Norfolk Academy strives to foster spiritual and ethical values that become an integral part of every member of its community. The school offers a comprehensive program for students from grades one through twelve, building on their knowledge and experiences. Encouraging responsible participation and providing opportunities for leadership training, The Norfolk Academy ensures that its students become well-rounded individuals, capable of contributing to their communities in meaningful ways.
The Norfolk Academy's offerings extend beyond the academic disciplines, encompassing fine arts and athletics as essential components of a holistic education. By providing a dynamic and coordinated program, The Norfolk Academy aims to create a stimulating learning environment, ensuring that its students receive a well-rounded and enriching educational experience.
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Impact
October, 2024
The Norfolk Academy significantly impacts the educational landscape in Norfolk, Virginia, by offering a comprehensive college preparatory program for students from grades one through twelve. Focused on developing maturity of body, mind, and character, the Academy emphasizes intellectual, aesthetic, and moral excellence.
Through a well-structured curriculum that spans various academic disciplines, fine arts, and athletics, the school nurtures responsible citizenship and encourages active participation in community and school activities. Leadership training is integral to its mission, empowering students to take on roles that promote a just society.
With a commitment to the spiritual and ethical values rooted in the Judeo-Christian heritage, Norfolk Academy fosters a community that values personal growth and responsible engagement. The school's coordinated approach not only prepares students for academic success but also cultivates a deep awareness of their impact on society, shaping them into conscientious leaders and members of their communities.
This information is meant to be a general summary of The Norfolk Academy. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2024.
- Investment Income: $1,691,577
- Program Service Revenue: $27,983,679
- Gross Receipts: $37,293,421
Assets and Liabilities:
- Total Assets: $165,285,906
- Total Liabilities: $15,200,988
- Net Assets: $150,084,918
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TUITION AND FEES
Revenue
$26,275,928
AUXILARY SERVICES
Revenue
$1,069,904
SUMMER PROGRAMS
Revenue
$637,847
Organization Details
Founding Year
1960
Principal Officer
Dennis Manning
Website
www.norfolkacademy.orgNTEE Category
Code: B200 - Education
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