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Filing year 2023

THE NORFOLK ACADEMY

Norfolk, Virginia·EIN 54-0551901·NTEE B200 · Education·501(c)(3)
Total revenue
$36.5M
Total assets
$163.8M
Total expenses
$39.9M
Reported officers
36
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

Executive compensation, broken down

Form 990 · Part VII & Schedule J · 8 reported individuals · Filing year 2023

Percentile bands compare each position's total pay with the same role at Education organizations in Virginia.

Headmaster (former)
Officer (Unspecified)
$488k
$533k
Base
$405k
Bonus
Other
$47k
Benefits
$15k
Assistant Head of School
Officer (Unspecified)
$367k
$400k
Base
$309k
Bonus
Other
$966
Benefits
$23k
Head of School
Officer (Unspecified)
$279k
$305k
Base
$249k
Bonus
Other
$403
Benefits
$21k
Assistant Head of School
Highest Compensated Employee
75th to 90th percentile
$268k
$292k
Base
$208k
Bonus
Other
$630
Benefits
$42k
Associate Head of School
Highest Compensated Employee
75th to 90th percentile
$219k
$239k
Base
$191k
Bonus
Other
$3k
Benefits
$3k
Director, Lower School
Highest Compensated Employee
Median to 75th percentile
$210k
$229k
Base
$161k
Bonus
Other
$516
Benefits
$39k
Director, College Counseli
Highest Compensated Employee
Median to 75th percentile
$204k
$223k
Base
$127k
Bonus
Other
$26k
Benefits
$36k
Director of Center for Lea
Highest Compensated Employee
25th percentile to median
$172k
$188k
Base
$152k
Bonus
Other
$1k
Benefits
$2k

Teal figures restate each filed amount in 2026 dollars.

Estimated with BLS CPI-U for the South region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Plus 28 unpaid individuals.

Browse compensation in Education

Pay in context

Top pay as a share of expenses

In 2023, the highest total compensation at THE NORFOLK ACADEMY equaled 1% of the organization's total expenses. The median for education organizations is 7%.

This organization (2023)
1%
Sector median
7%
Middle half of sector
2% to 17%

Based on 26,320 education organizations, each measured at its most recent filing year with reported expenses and compensation.

Down 27%
from 2022

From $665k in 2022 to $488k in 2023.

$665k
2022
$488k
2023
In today's dollarsEst.
Down 30% in real terms$759k to $533k

Estimated with BLS CPI-U for the South region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Pay for the position

Highest Compensated Employee pay rose 4% from 2022 to 2023, while revenue rose 10%.

$258k in 2022 to $268k in 2023.

Pay for the position itself, not any one person. The officeholder may have changed between 2022 and 2023.

Highest reported compensation in each year. Volunteer board members and partial-year payouts are filtered out.

Among peers

Revenue and top compensation, plotted against similar organizations. This organization is highlighted in cyan.

FAQ

Common questions about THE NORFOLK ACADEMY

What does the Highest Compensated Employee of THE NORFOLK ACADEMY earn?

In 2023, the Highest Compensated Employee of THE NORFOLK ACADEMY received $267,564 in total compensation. This pay is in the top quarter for Highest Compensated Employee roles among Education organizations in Virginia, though not the top 10% of comparable filings. Based on IRS Form 990 data.

How does Highest Compensated Employee pay at THE NORFOLK ACADEMY compare with similar nonprofits?

Compared with the same role at Education organizations in Virginia, the 2023 pay of the Highest Compensated Employee at THE NORFOLK ACADEMY falls between the 75th and 90th percentiles. In 2023, the highest total compensation at THE NORFOLK ACADEMY equaled 1% of the organization's total expenses. The median for education organizations is 7%.

What are THE NORFOLK ACADEMY's revenue and expenses?

In 2023, THE NORFOLK ACADEMY reported $36.5M in total revenue and $39.9M in total expenses on its IRS Form 990.

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