Public Charity

THE NORFOLK ACADEMY

THE NORFOLK ACADEMY is a nonprofit organization categorized as Public Charity based in NORFOLK, VA. Its most recent IRS filing (2025) reports revenue of $35.9M, expenses of $40.3M, total assets of $167.6M. Imperigo tracks 173 reported grant relationships connected to this organization totaling approximately $6.4M.

EIN: 540551901 NORFOLK, VA Elementary & Secondary Schools NTEE: B20 Latest filing: 2025
Total Revenue$35.9M
Total Expenses$40.3M
Total Assets$167.6M
Grant Records173
Funding Total$6.4M
Filing Years2021–2025

Mission

THE NORFOLK ACADEMY IS A COLLEGE PREPARATORY CO-EDUCATIONAL DAY SCHOOL THAT STRIVES TO ASSIST ITS STUDENTS TO DEVELOP MATURITY OF BODY, MIND, AND CHARACTER. WE HOPE TO ENGENDER AN AWARENESS AND APPRECIATION OF INTELLECTUAL, AESTHETIC, AND MORAL EXCELLENCE IN A SETTING THAT OFFERS WELL-DEVELOPED PROGRAMS, NOT ONLY IN THE ACADEMIC DISCIPLINES, BUT ALSO IN FINE ARTS AND ATHLETICS. WE AIM TO PREPARE STUDENTS TO BECOME USEFUL AND RESPONSIBLE CITIZENS OF A DEMOCRACY. WE STRIVE TO MAKE THEM AWARE OF THEIR ROLES IN CREATING A JUST SOCIETY. WE ARE COMMITTED TO THE SPIRITUAL AND ETHICAL VALUES OF THE JUDEO-CHRISTIAN HERITAGE AND ENVISION THAT THESE WILL BECOME A PART OF THE BEING OF EACH MEMEBER OF THE NORFOLK ACADEMY COMMUNITY. NORFOLK ACADEMY SEEKS TO OFFER A COORDINATED PROGRAM FOR STUDENTS, BUILDING AND EXPANDING ON KNOWLEDGE AND EXPERIENCE FROM GRADES ONE THROUGH TWELVE, ENCOURAGING RESPONSIBLE PARTICIPATION IN A VARIETY OF SCHOOL ACTIVITIES, PROVIDING OPPORTUNITIES FOR LEADERSHIP TRAINING

Where $100 goes at The Norfolk Academy

How The Norfolk Academy divides every $100 it spends, from its own Form 990 filings, averaged across 9 years.

$80 Programs the work itself
$16 Management running the organization
$4 Fundraising raising the next dollar

Inside the $80 for programs

$78
Instructional & general programs for students grades 1-12
97% of program spending
$2
Summer school & other sponsored programs
3% of program spending
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Source: Form 990 filings with the IRS, latest fiscal year 2025. Shares are from the organization's reported expenses. Data by Imperigo; not affiliated with the IRS.

Officers & Directors

TRUSTEE Aarthy Thamodaran
TRUSTEE - CHAIR - GOVERNANCE Alfred M Randolph Jr
TRUSTEE Derek R Melvin
TRUSTEE - CHAIR - INVESTMENT Frank J Wood Iii
ASSISTANT HEAD OF SCHOOL Grayson K Bryant
TRUSTEE Guy R Friddell Iii

Officer compensation and complete director data available with membership.

Top Grant Purposes

Education
$3,829,907 85 grants
General Support
$2,421,973 81 grants
Human & Social Services
$6,000 1 grant
Arts & Culture
$453 1 grant
Unspecified
$131,500 4 grants

Financial Trends

Year Revenue Expenses Assets
2025 $35.9M $40.3M $167.6M
2024 $36.5M $39.9M $163.8M
2023 $33.1M $37.1M $163.0M
2022 $31.8M $35.2M $165.3M
2021 $29.4M $34.4M $174.0M

Between 2021 and 2025, reported annual revenue grew from $29.4M to $35.9M (+22%), with total assets most recently reported at $167.6M.

Interactive year-over-year charts and full filing details available with membership.

See the full picture for THE NORFOLK ACADEMY

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