Totals
- Total revenue
- $7,055,591
- Total expenses
- $1,580,367
- Contributions and grants received
- $5,628,566
- Grants paid
- $1,094,337
- Program service revenue
- $0
- Investment income
- $1,276,188
- Other revenue
- $150,837
- Total assets, end of year
- $17,767,454
- Total liabilities, end of year
- $967,549
- Net assets or fund balances, end of year
- $16,799,905
- Program services expenses (Part IX)
- $1,502,609
- Management and general expenses
- $40,417
- Fundraising expenses
- $37,341
- Program service expenses (Part III)
- $1,502,609
Program services were 95.1% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1f · All other contributions, gifts and grants
$5,628,566
-
1g · Noncash contributions included above
$47,276
-
3 · Investment income
total $417,621 · excluded $417,621
-
7a · Gross sales of assets other than inventory
securities $7,450,955
-
7b · Less cost or other basis and sales expenses
securities $6,592,388
-
7c · Gain or loss
securities $858,567
-
7d · Net gain or loss
total $858,567
-
11a · Other revenue: FEE REVENUE
total $139,820 · related or exempt $139,820
-
11b · Other revenue: FEE REVENUE PTE
total $8,017 · related or exempt $8,017
-
11c · Other revenue: OTHER INCOME
total $3,000 · related or exempt $3,000
-
11e · Other revenue, total
$150,837
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $1,011,387 · program services $1,011,387
-
2 · Grants to domestic individuals
total $82,950 · program services $82,950
-
5 · Compensation of officers, directors and key employees
total $89,996 · program services $80,996 · management and general $4,500 · fundraising $4,500
-
7 · Other salaries and wages
total $64,299 · program services $35,135 · management and general $18,268 · fundraising $10,896
-
8 · Pension plan contributions
total $2,698 · program services $2,428 · management and general $135 · fundraising $135
-
10 · Payroll taxes
total $15,178 · program services $11,383 · management and general $2,277 · fundraising $1,518
-
11c · Fees: accounting
total $3,242 · management and general $3,242
-
11f · Fees: investment management
total $98,753 · program services $96,926 · fundraising $1,827
-
11g · Fees: other
total $138,355 · program services $138,355
-
12 · Advertising and promotion
total $17,204 · program services $9,089 · fundraising $8,115
-
13 · Office expenses
total $2,503 · program services $1,691 · management and general $291 · fundraising $521
-
14 · Information technology
total $19,294 · program services $10,181 · management and general $4,810 · fundraising $4,303
-
16 · Occupancy
total $13,400 · program services $9,550 · management and general $2,181 · fundraising $1,669
-
19 · Conferences, conventions and meetings
total $3,036 · program services $2,164 · management and general $494 · fundraising $378
-
22 · Depreciation, depletion and amortization
total $6,380 · program services $2,128 · management and general $2,126 · fundraising $2,126
-
23 · Insurance
total $5,468 · program services $3,915 · management and general $883 · fundraising $670
-
24a · Other expenses: DUES AND SUBSCRIPTIONS
total $2,882 · program services $2,054 · management and general $469 · fundraising $359
-
24b · Other expenses: TELEPHONE
total $958 · program services $683 · management and general $156 · fundraising $119
-
24c · Other expenses: STAFF TRAINING /EDUCATION
total $880 · program services $627 · management and general $143 · fundraising $110
-
24d · Other expenses: PROGRAM EXPENSE
total $772 · program services $772
-
24e · All other expenses
total $732 · program services $195 · management and general $442 · fundraising $95
Balance sheet
Part X, book values.
-
2 · Savings and temporary cash investments
beginning of year $864,650 · end of year $1,174,538
-
10a · Land, buildings and equipment: cost or other basis
$78,834
-
10b · Land, buildings and equipment: accumulated depreciation
$55,647
-
10c · Land, buildings and equipment, net
beginning of year $29,567 · end of year $23,187
-
11 · Investments: publicly traded securities
beginning of year $11,357,532 · end of year $16,569,729
-
17 · Accounts payable and accrued expenses
end of year $7,080
-
18 · Grants payable
end of year $2,000
-
25 · Other liabilities
beginning of year $937,544 · end of year $958,469
-
27 · Net assets without donor restrictions
beginning of year $7,023,313 · end of year $5,890,827
-
28 · Net assets with donor restrictions
beginning of year $4,290,892 · end of year $10,909,078
Mission and programs · 2024
Mission
THE MISSION OF THE SUFFOLK FOUNDATION IS TO BENEFIT THE PEOPLE OF SUFFOLK AND WESTERN TIDEWATER BY FACILITATING AND DEVELOPING PHILANTHROPY, AND BY AWARDING GRANTS AND SCHOLARSHIPS TO MEET LOCAL COMMUNITY NEEDS.
-
IN 2024 THE FOUNDATION AWARDED OVER 1.1 MILLION IN GRANTS AND SCHOLARSHIPS, BENEFITING DOZENS OF LOCAL STUDENTS AND NONPROFIT ORGANIZATIONS IN SUFFOLK AND WESTERN TIDEWATER. THIS INCLUDES GRANTS FROM OUR WOMEN'S IMPACT FUND, GRANTS FROM OUR DONOR-ADVISED FUNDS, 153,000 TO 46 NONPROFITS THROUGH OUR COMMUNITY IMPACT GRANTS, AND OVER 82,950 IN COLLEGE SCHOLARSHIPS.
Expenses $1,502,609 · Grants $1,094,337
As filed on the 2024 return.
Listed in Part VII
-
Harry Lee Cross IIIHARRY LEE CROSS III
PRESIDENT
- Total calculated
- $0
- Hours/week
- 10
-
S Chris JonesS CHRIS JONES
VICE PRESIDE
- Total calculated
- $0
- Hours/week
- 1
-
Vernon M TowlerVERNON M TOWLER
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
Leroy BennettLEROY BENNETT
SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
J Wayne ScottJ WAYNE SCOTT
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Elizabeth B TottenELIZABETH B TOTTEN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
James E Butler IIIJAMES E BUTLER III
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Timothy K PalmerTIMOTHY K PALMER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Carl L Farris JrCARL L FARRIS JR
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Les HallLES HALL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
O Kermit Hobbs JrO KERMIT HOBBS JR
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
David MilesDAVID MILES
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Jacqueline OvertonJACQUELINE OVERTON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Dr Sharon A RaghubarDR SHARON A RAGHUBAR
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Deborah B RussellDEBORAH B RUSSELL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
George BirdsongGEORGE BIRDSONG
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Sheri AndersonSHERI ANDERSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Joseph N Webb JrJOSEPH N WEBB JR
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Margaret N WileyMARGARET N WILEY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Bj WillieBJ WILLIE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
David HostDAVID HOST
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Lorelei C MorrowLORELEI C MORROW
EXECUTIVE DI
- Total calculated
- $86,452
- From this org
- $86,452
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.
Grants on this return
-
GRANTS 5000
$262,246
-
SUFFOLK CENTER FOR CULTURAL ARTS FOUNDATION
$64,705
-
SUFFOLK EDUCATION FOUNDATION
$52,000
-
WESTERN TIDEWATER FREE CLINIC
$48,700
-
SALVATION ARMY
$48,000
-
FORKIDS
$46,500
-
PAUL D CAMP COMMUNITY COLLEGE FOUNDATION
$42,000
-
ROC SOLID FOUNDATION
$40,000
-
TOWNEBANK FOUNDATION
$28,000
-
NANSEMOND RIVER PRESERVATION ALLIANCE
$26,500
The 10 largest by cash amount. The API serves every itemized grant.
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 7 April 2025
- IRS schema version
- 2024v5.0
- Source object
- 202521219349301312
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
The source document this was parsed from is served over the API, which is where bulk and document access live.