Chesapeake Academy, Inc.
107 Steamboat Road
Irvington VA 22480
Mission Statement Chesapeake Academy is an independent co-educational day school serving a diverse population of pre-kindergarten 3 and 4 year-olds through eighth grade students in the Northern Neck and Middle Peninsula of Virginia. The school prepares each student for future academic, ethical, social and physical endeavors in an intellectually challenging environment with a unique curriculum grounded in a nurturing, family-oriented atmosphere. 
Leadership
CEO/Executive Director Mrs. Deborah M. Cook
Board Chair Margaret Nost
Board Chair Company Affiliation The Community Foundation, Inc.
Contact Information
Address 107 Steamboat Road
Irvington, VA 22480
Telephone 804 438-5575 110
Fax 804 438-6146
E-mail dcook@chesapeakeacademy.org
History and Background
Year of Incorporation 1965
Financial Summary
 
 
Projected Revenue $1,200,000.00
Projected Expenses $1,200,000.00
Statements
Mission Chesapeake Academy is an independent co-educational day school serving a diverse population of pre-kindergarten 3 and 4 year-olds through eighth grade students in the Northern Neck and Middle Peninsula of Virginia. The school prepares each student for future academic, ethical, social and physical endeavors in an intellectually challenging environment with a unique curriculum grounded in a nurturing, family-oriented atmosphere. 
Impact

Accomplishments: The educational program of Chesapeake Academy is relevant to current best practices in education. The curriculum was reviewed and updated. MacBooks, LCD projectors, digital cameras and electronic white boards have been seamlessly integrated into the curriculum. Faculty professional development is funded to ensure that all teachers are current with teaching practices.

Goals: The Annual Fund goal has been increased by $100,000 to meet the demands for financial assistance, the continued implementation of the technology plan and operational expenses.  

Needs

Chesapeake Academy is sensitive to the economic challenges of families residing in the Northern Neck. The Board of Trustees is committed to keeping the school's tuition affordable, with no tuition increase for the 2012-2013 school year. The school's finances are tuition driven. The Annual Fund and special events are responsible for balancing the budget. The most pressing needs:

Monetary - Contributions to the Annual Fund

Foundation support of specific projects; technology, arts, facilities

Volunteers – Board of Trustee members, Special event volunteers

Background

Chesapeake Academy, located in Irvington, VA, was founded in 1965 as the area's only independent school for children age 3 through eighth grade. Accredited by the Virginia Association of Independent Schools, the school is governed by a Board of Trustees. Chesapeake Academy offers a challenging and relevant curriculum. Technology is integrated into the curriculum and students use computers and other technology resources daily. Students in every grade have physical education, art and music classes. Spanish begins in Kindergarten and continues through eighth grade. Sixth grade students study Latin. Community Service is embedded into our annual activities and students are actively involved in raising funds for tsunami, hurricane and earthquake victims, health organizations and local families' Christmas celebrations.  

Areas of Service
Areas Served
Area
Lancaster County
Middlesex County
Northumberland County
Westmoreland County
Richmond County
Gloucester County
The counties we serve include the towns of: 
Burgess, Christchurch, Deltaville, Farnham, Hague, Hallieford, Hardyville, Hartfield, Heathsville, Irvington, Kilmarnock, Lancaster, Locust Hill, Lottsburg, Mt. Holly, Ophelia, Reedville, Saluda, Topping, Urbanna, Warsaw, Weems, White Stone and Wicomico Church.
Board Chair
Board Chair Margaret Nost
Company Affiliation The Community Foundation, Inc.
Term July 2016 to June 2017
Email mnost@tcfrichmond.org
Board CoChair
Board CoChair Kathryn Vose
Company Affiliation Retired
Term July 2016 to June 2018
Email kayvose@gmail.com
Board of Directors
Board Members
NameAffiliation
Robert Bragg Bragg Real Estate
Ray Britt Attorney
Chris Cammarata CMG Family Practice
William Chapman Richmond Forum
Deborah Cook Chesapeake Academy
Jeannie Coyle Community Volunteer
Katie Dew Realtor
Michele Faulkner Wells Fargo Advisors
Lance Franke Retired
Philip Haynie IIIHaynie Farms
Keith Meberg Meberg Designs
Margaret Nost The Community Foundation, Inc.
Michelle Ritter Community Volunteer
Bruce Sanders Rappahannock Yachts
Janet Smith Community Volunteer
Kathryn Vose Retired
Kathryn Vose Community Volunteer
Board Demographics - Ethnicity
African American/Black 1
Asian American/Pacific Islander 0
Caucasian 16
Hispanic/Latino 0
Native American/American Indian 0
Other 0 0
Board Demographics - Gender
Male 8
Female 9
Governance
Board Term Lengths 3
Board Term Limits 2
Written Board Selection Criteria? Yes
Written Conflict of Interest Policy? Yes
Percentage Making Monetary Contributions 100
Percentage Making In-Kind Contributions 100
Number of Full Board Meetings Annually 8
Other Boards
The tables below contain information about other groups that advise this nonprofit on operations and projects.
Executive Director
Executive Director Mrs. Deborah M. Cook
Experience Deborah Cook has served independent schools since 1978 having served in boarding and day schools.
Staff
Full Time Staff 15
Part Time Staff 7
Volunteers 115
Plans
Organization has a Strategic Plan? Yes
Years Strategic Plan Considers 3
Date Strategic Plan Adopted Mar 2011
Organization Policy and Procedures Yes
Nondiscrimination Policy Yes
Whistleblower Policy Yes
Document Destruction Policy Yes
Directors and Officers Insurance Policy Yes
Affiliations
AffiliationYear
Virginia Association of Independent Schools1990
External Assessments and Accreditations
Assessment/AccreditationYear
Virginia Association of Independent Schools2016
Programs
Description Pre-Kindergarten 3&4, Kindergarten and licensed daycare programs in the Nettie Lokey Wiley Early Childhood Center. Grades 1-4 in lower school, Grades 5-8 in middle school. After school athletic and arts programs.
Long Term Success Began differentiated instruction program
Fiscal Year
Projected Revenue $1,200,000.00
Projected Expenses $1,200,000.00
Endowment Value $898,279.00
Spending Policy Percentage
Percentage (if selected) 5
Form 990s
IRS Letter of Exemption
Detailed Financials
Revenue SourcesHelpThe financial analysis involves a comparison of the IRS Form 990 and the audit report (when available) and revenue sources may not sum to total based on reconciliation differences. Revenue from foundations and corporations may include individual contributions when not itemized separately.
Fiscal Year201520142013
Foundation and
Corporation Contributions
$23,900----
Government Contributions$0$0$0
Federal------
State------
Local------
Unspecified------
Individual Contributions$170,636$204,615$427,067
------
$1,197,701$986,718$849,942
Investment Income, Net of Losses$60,889$118,028$93,715
Membership Dues------
Special Events$152,475$101,755$144,196
Revenue In-Kind------
Other$3,355$6,685$6,417
Expense Allocation
Fiscal Year201520142013
Program Expense$1,000,008$752,412$705,313
Administration Expense$456,321$431,741$414,841
Fundraising Expense$193,701$182,538$243,721
Payments to Affiliates------
Total Revenue/Total Expenses0.981.041.12
Program Expense/Total Expenses61%55%52%
Fundraising Expense/Contributed Revenue56%60%43%
Assets and Liabilities
Fiscal Year201520142013
Total Assets$2,569,889$2,698,888$2,642,601
Current Assets$249,522$326,719$254,316
Long-Term Liabilities$395,900$449,197$424,780
Current Liabilities$310,579$317,727$336,967
Total Net Assets$1,863,410$1,931,964$1,880,854
Short Term Solvency
Fiscal Year201520142013
Current Ratio: Current Assets/Current Liabilities0.801.030.75
Long Term Solvency
Fiscal Year201520142013
Long-Term Liabilities/Total Assets15%17%16%
Capital Campaign
Currently in a Capital Campaign? No
State Charitable Solicitaions Permit
Solicitations Permit
Solicitations Permit ExemptionView
Comments
Foundation Comments
  • Financial analysis performed with audits.
  • The Form 990 represent solely the financial position of Chesapeake Academy.
  • The audits represent the combined financial position of the Academy and the Chesapeake Academy Foundation.