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← SUFFOLK FOUNDATION

Form 990 for tax year 2025

Filed by SUFFOLK FOUNDATION.

Totals

Total revenue
$5,986,360
Total expenses
$2,056,457
Contributions and grants received
$4,741,673
Grants paid
$1,502,146
Program service revenue
$0
Investment income
$1,069,644
Other revenue
$175,043
Total assets, end of year
$22,180,844
Total liabilities, end of year
$994,612
Net assets or fund balances, end of year
$21,186,232
Program services expenses (Part IX)
$1,966,583
Management and general expenses
$51,575
Fundraising expenses
$38,299
Program service expenses (Part III)
$1,966,583

Program services were 95.6% 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

    $4,741,673

  • 1g · Noncash contributions included above

    $20,595

  • 3 · Investment income

    total $527,251 · excluded $527,251

  • 7a · Gross sales of assets other than inventory

    securities $4,124,711

  • 7b · Less cost or other basis and sales expenses

    securities $3,581,576 · other assets $742

  • 7c · Gain or loss

    securities $543,135 · other assets -$742

  • 7d · Net gain or loss

    total $542,393

  • 11a · Other revenue: FEE REVENUE

    total $164,153 · related or exempt $164,153

  • 11b · Other revenue: FEE REVENUE PTE

    total $11,046 · related or exempt $11,046

  • 11c · Other revenue: BREI WESTOVER LLC

    total -$156 · related or exempt -$156

  • 11e · Other revenue, total

    $175,043

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,381,396 · program services $1,381,396

  • 2 · Grants to domestic individuals

    total $120,750 · program services $120,750

  • 5 · Compensation of officers, directors and key employees

    total $99,375 · program services $88,445 · management and general $5,465 · fundraising $5,465

  • 7 · Other salaries and wages

    total $61,756 · program services $30,741 · management and general $20,839 · fundraising $10,176

  • 8 · Pension plan contributions

    total $4,606 · program services $3,407 · management and general $752 · fundraising $447

  • 10 · Payroll taxes

    total $12,327 · program services $9,118 · management and general $2,012 · fundraising $1,197

  • 11c · Fees: accounting

    total $7,497 · management and general $7,497

  • 11f · Fees: investment management

    total $108,562 · program services $107,621 · fundraising $941

  • 11g · Fees: other

    total $173,674 · program services $173,674

  • 12 · Advertising and promotion

    total $23,489 · program services $12,002 · fundraising $11,487

  • 13 · Office expenses

    total $9,059 · program services $6,491 · management and general $1,629 · fundraising $939

  • 14 · Information technology

    total $21,385 · program services $10,272 · management and general $7,216 · fundraising $3,897

  • 16 · Occupancy

    total $13,675 · program services $9,797 · management and general $2,460 · fundraising $1,418

  • 19 · Conferences, conventions and meetings

    total $2,631 · program services $1,885 · management and general $473 · fundraising $273

  • 22 · Depreciation, depletion and amortization

    total $2,848 · program services $950 · management and general $949 · fundraising $949

  • 23 · Insurance

    total $5,522 · program services $3,965 · management and general $987 · fundraising $570

  • 24a · Other expenses: DUES AND SUBSCRIPTIONS

    total $2,480 · program services $1,777 · management and general $446 · fundraising $257

  • 24b · Other expenses: INTERNSHIP STIPEND

    total $2,000 · program services $2,000

  • 24c · Other expenses: TELEPHONE

    total $1,927 · program services $1,381 · management and general $346 · fundraising $200

  • 24d · Other expenses: STAFF TRAINING /EDUCATION

    total $775 · program services $556 · management and general $139 · fundraising $80

  • 24e · All other expenses

    total $723 · program services $355 · management and general $365 · fundraising $3

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $1,174,538 · end of year $1,702,642

  • 10a · Land, buildings and equipment: cost or other basis

    $65,567

  • 10b · Land, buildings and equipment: accumulated depreciation

    $45,970

  • 10c · Land, buildings and equipment, net

    beginning of year $23,187 · end of year $19,597

  • 11 · Investments: publicly traded securities

    beginning of year $16,569,729 · end of year $20,458,605

  • 17 · Accounts payable and accrued expenses

    beginning of year $7,080 · end of year $10,469

  • 18 · Grants payable

    beginning of year $2,000 · end of year $500

  • 25 · Other liabilities

    beginning of year $958,469 · end of year $983,643

  • 27 · Net assets without donor restrictions

    beginning of year $5,890,827 · end of year $7,683,924

  • 28 · Net assets with donor restrictions

    beginning of year $10,909,078 · end of year $13,502,308

Mission and programs · 2025

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 2025 THE FOUNDATION AWARDED OVER 1.5 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, 154,958 TO 38 NONPROFITS THROUGH OUR COMMUNITY IMPACT GRANTS, AND OVER 120,750 IN COLLEGE SCHOLARSHIPS.

    Expenses $1,966,583 · Grants $1,502,146

As filed on the 2025 return.

Listed in Part VII

  • HARRY LEE CROSS III

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • S CHRIS JONES

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • VERNON M TOWLER

    VICE PRESIDE

    Total calculated
    $0
    Hours/week
    1

  • LEROY BENNETT

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • JAMES E BUTLER III

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • TIMOTHY K PALMER

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • CARL L FARRIS JR

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • LES HALL

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • O KERMIT HOBBS JR

    PRESIDENT

    Total calculated
    $0
    Hours/week
    10

  • DAVID MILES

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JACQUELINE OVERTON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • DR SHARON A RAGHUBAR

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • GEORGE BIRDSONG

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • SHERI ANDERSON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JOSEPH N WEBB JR

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MARGARET N WILEY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • BJ WILLIE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • DAVID HOST

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • LORELEI C MORROW

    EXECUTIVE DI

    Total calculated
    $99,375
    From this org
    $99,375
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • MARY HENSLEY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • WHITNEY G SAUNDERS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • BETSY TOTTEN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

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

The 10 largest by cash amount. The API serves every itemized grant.

Provenance

Return type
form_990
Tax year
2025
Filed
14 May 2026
IRS schema version
2025v4.0
Source object
202611349349305226

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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