SUFFOLK FOUNDATION: Form 990, tax year 2023
View the entire original 990 at ProPublica ↗
- Organization
- SUFFOLK FOUNDATION (EIN 20-5998525)
- Tax period
- 2023-01-01 to 2023-12-31
- Filed
- 2024-11-12
- IRS object ID
- 202433179349304703
- Schema version
- 2023v5.0
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2024-11-12T12:59:19-05:00 | ReturnTs |
| Tax Period End | 2023-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 200221868 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | BARNES BROCK CORNWELL & PAINTER PLC | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 908 EDEN WAY N STE 201 | AddressLine1Txt |
| City | CHESAPEAKE | CityNm |
| State Abbreviation | VA | StateAbbreviationCd |
| ZIP | 233202640 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2023-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 205998525 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | SUFFOLK FOUNDATION | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | SUFF | BusinessNameControlTxt |
| Phone | 7579239090 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 110 W FINNEY AVE 100 | AddressLine1Txt |
| City | SUFFOLK | CityNm |
| State Abbreviation | VA | StateAbbreviationCd |
| ZIP | 23434 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | HARRY LEE CROSS III | PersonNm |
| Person Title | PRESIDENT | PersonTitleTxt |
| Phone | 7579239090 | PhoneNum |
| Signature | 2024-08-15 | SignatureDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRS Responsible Prty Info Curr | false | IRSResponsiblePrtyInfoCurrInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | KIMBERLY C PAINTER CPA | PreparerPersonNm |
| PTIN | P00294115 | PTIN |
| Phone | 7579615017 | PhoneNum |
| Preparation | 2024-11-07 | PreparationDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2023 | TaxYr |
| Build TS | 2024-10-15 13:58:12Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | HARRY LEE CROSS III | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 110 W FINNEY AVE 100 | AddressLine1Txt |
| City | SUFFOLK | CityNm |
| State Abbreviation | VA | StateAbbreviationCd |
| ZIP | 23434 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $6,080,167 | GrossReceiptsAmt |
| Group Return For Affiliates | false | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | WWW.SUFFOLKFOUNDATION.ORG | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 2006 | FormationYr |
| Legal Domicile State | VA | LegalDomicileStateCd |
| Activity Or Mission | THE SUFFOLK FOUNDATION'S MISSION 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. OUR GRANTS TARGET HEALTH, EDUCATION, ARTS, CULTURE, THE ENVIRONMENT, ANIMAL WELFARE, AND HUMAN NEEDS AND SERVICES. OUR SCHOLARSHIPS HELP LOCAL STUDENTS ATTEND COLLEGE. | ActivityOrMissionDesc |
| Voting Members Governing Body | 21 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 21 | VotingMembersIndependentCnt |
| Total Employee | 3 | TotalEmployeeCnt |
| Total Volunteers | 24 | TotalVolunteersCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| PY Contributions Grants | $988,246 | PYContributionsGrantsAmt |
| CY Contributions Grants | $843,069 | CYContributionsGrantsAmt |
| CY Program Service Revenue | $0 | CYProgramServiceRevenueAmt |
| PY Investment Income | $341,860 | PYInvestmentIncomeAmt |
| CY Investment Income | $358,783 | CYInvestmentIncomeAmt |
| CY Other Revenue | $0 | CYOtherRevenueAmt |
| PY Total Revenue | $1,330,106 | PYTotalRevenueAmt |
| CY Total Revenue | $1,201,852 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $655,483 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $768,475 | CYGrantsAndSimilarPaidAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $125,467 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $133,643 | CYSalariesCompEmpBnftPaidAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $73,226 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $169,773 | PYOtherExpensesAmt |
| CY Other Expenses | $223,964 | CYOtherExpensesAmt |
| PY Total Expenses | $950,723 | PYTotalExpensesAmt |
| CY Total Expenses | $1,126,082 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $379,383 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $75,770 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $11,006,379 | TotalAssetsBOYAmt |
| Total Assets EOY | $12,251,749 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $858,545 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $937,544 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $10,147,834 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $11,314,205 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| Mission | THE SUFFOLK FOUNDATION'S MISSION 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. OUR GRANTS TARGET HEALTH, EDUCATION, ARTS, CULTURE, THE ENVIRONMENT, ANIMAL WELFARE, AND HUMAN NEEDS AND SERVICES. OUR SCHOLARSHIPS HELP LOCAL STUDENTS ATTEND COLLEGE. | MissionDesc |
| Significant New Program Srvc | false | SignificantNewProgramSrvcInd |
| Significant Change | false | SignificantChangeInd |
| Expense | $965,398 | ExpenseAmt |
| Grant | $768,475 | GrantAmt |
| Desc | IN 2023 THE FOUNDATION AWARDED OVER 800,000 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, 148,750 TO 35 NONPROFITS THROUGH OUR COMMUNITY IMPACT GRANTS, AND OVER 39,000 IN COLLEGE SCHOLARSHIPS. | Desc |
| Total Program Service Expenses | $965,398 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (true) | DescribedInSection501c3Ind |
| Schedule B Required | Yes (true) | ScheduleBRequiredInd |
| Political Campaign Acty | false | PoliticalCampaignActyInd |
| Lobbying Activities | false | LobbyingActivitiesInd |
| Subject To Proxy Tax | false | SubjectToProxyTaxInd |
| Donor Advised Fund | Yes (true) | DonorAdvisedFundInd |
| Conservation Easements | false | ConservationEasementsInd |
| Collections Of Art | false | CollectionsOfArtInd |
| Credit Counseling | false | CreditCounselingInd |
| Donor Rstr Or Quasi Endowments | Yes (true) | DonorRstrOrQuasiEndowmentsInd |
| Report Land Building Equipment | Yes (true) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | false | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | false | ReportProgramRelatedInvstInd |
| Report Other Assets | false | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (true) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | false | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | false | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | false | ConsolidatedAuditFinclStmtInd |
| School Operating | false | SchoolOperatingInd |
| Foreign Office | false | ForeignOfficeInd |
| Foreign Activities | Yes (true) | ForeignActivitiesInd |
| More Than5000 K To Org | false | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | false | MoreThan5000KToIndividualsInd |
| Professional Fundraising | false | ProfessionalFundraisingInd |
| Fundraising Activities | false | FundraisingActivitiesInd |
| Gaming Activities | false | GamingActivitiesInd |
| Operate Hospital | false | OperateHospitalInd |
| Grants To Organizations | Yes (true) | GrantsToOrganizationsInd |
| Grants To Individuals | Yes (true) | GrantsToIndividualsInd |
| Schedule J Required | false | ScheduleJRequiredInd |
| Tax Exempt Bonds | false | TaxExemptBondsInd |
| Engaged In Excess Benefit Trans | false | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | false | PYExcessBenefitTransInd |
| Loan Outstanding | false | LoanOutstandingInd |
| Grant To Related Person | false | GrantToRelatedPersonInd |
| Business Rln With Org Mem | false | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | false | BusinessRlnWithFamMemInd |
| Business Rln With35 Ctrl Ent | false | BusinessRlnWith35CtrlEntInd |
| Deductible Non Cash Contri | Yes (true) | DeductibleNonCashContriInd |
| Deductible Art Contribution | false | DeductibleArtContributionInd |
| Terminate Operations | false | TerminateOperationsInd |
| Partial Liquidation | false | PartialLiquidationInd |
| Disregarded Entity | false | DisregardedEntityInd |
| Related Entity | false | RelatedEntityInd |
| Related Organization Ctrl Ent | false | RelatedOrganizationCtrlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | false | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | false | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (true) | ScheduleORequiredInd |
| IRP Document | 4 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Employee | 3 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (true) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | false | UnrelatedBusIncmOverLimitInd |
| Foreign Financial Account | false | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | false | TaxablePartyNotificationInd |
| Nondeductible Contributions | false | NondeductibleContributionsInd |
| Indoor Tanning Services | false | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | false | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | false | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 21 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 21 | IndependentVotingMemberCnt |
| Family Or Business Rln | Yes (true) | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | false | DelegationOfMgmtDutiesInd |
| Change To Org Documents | false | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | false | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | false | MembersOrStockholdersInd |
| Election Of Board Members | false | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | false | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (true) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (true) | MinutesOfCommitteesInd |
| Officer Mailing Address | false | OfficerMailingAddressInd |
| Local Chapters | false | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (true) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (true) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (true) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (true) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (true) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (true) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (true) | CompensationProcessCEOInd |
| Compensation Process Other | false | CompensationProcessOtherInd |
| Investment In Joint Venture | false | InvestmentInJointVentureInd |
| Own Website | Yes (X) | OwnWebsiteInd |
| Other Website | Yes (X) | OtherWebsiteInd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | SUFFOLK FOUNDATION | PersonNm |
| Phone | 7579239090 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 110 W FINNEY AVE 100 | AddressLine1Txt |
| City | SUFFOLK | CityNm |
| State Abbreviation | VA | StateAbbreviationCd |
| ZIP | 23434 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (23 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt |
|---|---|---|---|---|---|---|
| HARRY LEE CROSS III | ||||||
| PRESIDENT | 10.00 | Yes (X) | Yes (X) | $0 | $0 | $0 |
| S CHRIS JONES | ||||||
| VICE PRESIDE | 1.00 | Yes (X) | Yes (X) | $0 | $0 | $0 |
| J WAYNE SCOTT | ||||||
| TREASURER | 1.00 | Yes (X) | Yes (X) | $0 | $0 | $0 |
| LEROY BENNETT | ||||||
| SECRETARY | 1.00 | Yes (X) | Yes (X) | $0 | $0 | $0 |
| MARY C HADDAD | ||||||
| IMMEDIATE PA | 1.00 | Yes (X) | Yes (X) | $0 | $0 | $0 |
| JAMES E BUTLER III | ||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |
| THOMAS M CHAMBERLAIN | ||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |
| CARL L FARRIS JR | ||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |
| LES HALL | ||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |
| O KERMIT HOBBS JR | ||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |
| WENDY M HOSICK | ||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |
| JACQUELINE OVERTON | ||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |
| DR SHARON A RAGHUBAR | ||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |
| DEBORAH B RUSSELL | ||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |
| WHITNEY G SAUNDERS | ||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |
| DWIGHT C SCHAUBACH | ||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |
| VERNON M TOWLER | ||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |
| JOSEPH N WEBB JR | ||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |
| MARGARET N WILEY | ||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |
| BJ WILLIE | ||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |
| DAVID HOST | ||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |
| LORELEI C MORROW | ||||||
| EXECUTIVE DI | 40.00 | Yes (X) | Yes (X) | $39,346 | $0 | $0 |
| ERNEST A WINSLOW | ||||||
| FORMER E.D. | 40.00 | Yes (X) | Yes (X) | $47,438 | $0 | $0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $86,784 | TotalReportableCompFromOrgAmt |
| Former Ofcr Employees Listed | false | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | false | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | false | CompensationFromOtherSrcsInd |
| All Other Contributions | $843,069 | AllOtherContributionsAmt |
| Noncash Contributions | $25,794 | NoncashContributionsAmt |
| Total Contributions | $843,069 | TotalContributionsAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $260,105 | TotalRevenueColumnAmt |
| Exclusion | $260,105 | ExclusionAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $4,976,993 | SecuritiesAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $4,877,826 | SecuritiesAmt |
| Other | $489 | OtherAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $99,167 | SecuritiesAmt |
| Other | -$489 | OtherAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $98,678 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | -$489 | RelatedOrExemptFuncIncomeAmt |
| Exclusion | $99,167 | ExclusionAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $1,201,852 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | -$489 | RelatedOrExemptFuncIncomeAmt |
| Exclusion | $359,272 | ExclusionAmt |
Grants To Domestic Orgs GrantsToDomesticOrgsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $728,587 | TotalAmt |
| Program Services | $728,587 | ProgramServicesAmt |
Grants To Domestic Individuals GrantsToDomesticIndividualsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $39,888 | TotalAmt |
| Program Services | $39,888 | ProgramServicesAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $86,784 | TotalAmt |
| Program Services | $28,934 | ProgramServicesAmt |
| Management And General | $28,925 | ManagementAndGeneralAmt |
| Fundraising | $28,925 | FundraisingAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $29,961 | TotalAmt |
| Program Services | $9,989 | ProgramServicesAmt |
| Management And General | $9,986 | ManagementAndGeneralAmt |
| Fundraising | $9,986 | FundraisingAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $8,448 | TotalAmt |
| Program Services | $2,816 | ProgramServicesAmt |
| Management And General | $2,816 | ManagementAndGeneralAmt |
| Fundraising | $2,816 | FundraisingAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $8,450 | TotalAmt |
| Program Services | $2,818 | ProgramServicesAmt |
| Management And General | $2,816 | ManagementAndGeneralAmt |
| Fundraising | $2,816 | FundraisingAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,011 | TotalAmt |
| Management And General | $3,011 | ManagementAndGeneralAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $9,965 | TotalAmt |
| Program Services | $2,934 | ProgramServicesAmt |
| Management And General | $4,098 | ManagementAndGeneralAmt |
| Fundraising | $2,933 | FundraisingAmt |
Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $64,435 | TotalAmt |
| Program Services | $64,435 | ProgramServicesAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $19,528 | TotalAmt |
| Program Services | $2,532 | ProgramServicesAmt |
| Management And General | $14,464 | ManagementAndGeneralAmt |
| Fundraising | $2,532 | FundraisingAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $22,171 | TotalAmt |
| Program Services | $12,371 | ProgramServicesAmt |
| Fundraising | $9,800 | FundraisingAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $7,854 | TotalAmt |
| Program Services | $827 | ProgramServicesAmt |
| Management And General | $6,200 | ManagementAndGeneralAmt |
| Fundraising | $827 | FundraisingAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $13,555 | TotalAmt |
| Program Services | $4,505 | ProgramServicesAmt |
| Management And General | $5,719 | ManagementAndGeneralAmt |
| Fundraising | $3,331 | FundraisingAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $7,700 | TotalAmt |
| Program Services | $2,568 | ProgramServicesAmt |
| Management And General | $2,566 | ManagementAndGeneralAmt |
| Fundraising | $2,566 | FundraisingAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $460 | TotalAmt |
| Management And General | $311 | ManagementAndGeneralAmt |
| Fundraising | $149 | FundraisingAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $11,354 | TotalAmt |
| Program Services | $3,786 | ProgramServicesAmt |
| Management And General | $3,784 | ManagementAndGeneralAmt |
| Fundraising | $3,784 | FundraisingAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $879 | TotalAmt |
| Management And General | $879 | ManagementAndGeneralAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt | FundraisingFundraisingAmt | Management And GeneralManagementAndGeneralAmt |
|---|---|---|---|---|
| UNCOLLECTIBLE PLEDGES | $54,000 | $54,000 | ||
| DUES AND SUBSCRIPTIONS | $3,292 | $2,469 | $823 | |
| REPAIRS AND MAINTENANCE | $2,456 | $818 | $819 | $819 |
| TELEPHONE | $1,647 | $549 | $549 | $549 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,657 | TotalAmt |
| Program Services | $572 | ProgramServicesAmt |
| Management And General | $515 | ManagementAndGeneralAmt |
| Fundraising | $570 | FundraisingAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,126,082 | TotalAmt |
| Program Services | $965,398 | ProgramServicesAmt |
| Management And General | $87,458 | ManagementAndGeneralAmt |
| Fundraising | $73,226 | FundraisingAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $589,775 | BOYAmt |
| EOY | $864,650 | EOYAmt |
Pledges And Grants Receivable PledgesAndGrantsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $54,000 | BOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $78,834 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $49,267 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $39,927 | BOYAmt |
| EOY | $29,567 | EOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $10,322,677 | BOYAmt |
| EOY | $11,357,532 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $11,006,379 | BOYAmt |
| EOY | $12,251,749 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,527 | BOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $856,018 | BOYAmt |
| EOY | $937,544 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $858,545 | BOYAmt |
| EOY | $937,544 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows FASB117 | Yes (X) | OrganizationFollowsFASB117Ind |
No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $10,147,834 | BOYAmt |
| EOY | $11,314,205 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $10,147,834 | BOYAmt |
| EOY | $11,314,205 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $11,006,379 | BOYAmt |
| EOY | $12,251,749 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expnss | $75,770 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | $1,090,601 | NetUnrlzdGainsLossesInvstAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | false | AccountantCompileOrReviewInd |
| FS Audited | false | FSAuditedInd |
| Federal Grant Audit Required | false | FederalGrantAuditRequiredInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Community Trust | Yes (X) | CommunityTrustInd |
Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $727,170 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $833,228 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $703,142 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $988,246 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $843,069 | CurrentTaxYearAmt |
| Total | $4,094,855 | TotalAmt |
Total Calendar Year170 TotalCalendarYear170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $727,170 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $833,228 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $703,142 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $988,246 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $843,069 | CurrentTaxYearAmt |
| Total | $4,094,855 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Substantial Contributors Tot | $121,750 | SubstantialContributorsTotAmt |
| Public Support Total170 | $3,973,105 | PublicSupportTotal170Amt |
Gross Investment Income170 GrossInvestmentIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $289,992 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $288,669 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $865,672 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $343,557 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $260,105 | CurrentTaxYearAmt |
| Total | $2,047,995 | TotalAmt |
Other Income170 OtherIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $1,479,370 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $724,342 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $654,198 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | -$2,044,487 | CurrentTaxYearMinus1YearAmt |
| Total | $813,423 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | $6,956,273 | TotalSupportAmt |
| Public Support CY170 | 0.57120 | PublicSupportCY170Pct |
| Public Support PY170 | 0.74200 | PublicSupportPY170Pct |
| Thirty Thr Pct Suprt Tests CY170 | Yes (X) | ThirtyThrPctSuprtTestsCY170Ind |
Form990 Schedule A Part VI Form990ScheduleAPartVIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART II, LINE 10 | FormAndLineReferenceDesc |
| Explanation | INVESTMENT GAINS OR LOSSES 815,120 LOSS ON DISPOSAL OF EQUIPMENT -1,697 | ExplanationTxt |
Schedule B IRS990ScheduleB
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | RESTRICTED | ContributorNum |
Contributor Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | RESTRICTED | TotalContributionsAmt |
Schedule D IRS990ScheduleD
| Field | Value | IRS element (for citing) |
|---|---|---|
| Donor Advised Funds Held | 16 | DonorAdvisedFundsHeldCnt |
| Donor Advised Funds Contri | $246,107 | DonorAdvisedFundsContriAmt |
| Donor Advised Funds Grants | $473,646 | DonorAdvisedFundsGrantsAmt |
| Donor Advised Funds Vl EOY | $4,422,006 | DonorAdvisedFundsVlEOYAmt |
| Disclosed Org Leg Ctrl | Yes (true) | DisclosedOrgLegCtrlInd |
| Disclosed For Charitable Prps | Yes (true) | DisclosedForCharitablePrpsInd |
CY Endwmt Fund CYEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $10,433,048 | BeginningYearBalanceAmt |
| Contributions | $180,035 | ContributionsAmt |
| Investment Earnings Or Losses | $1,169,164 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $309,851 | GrantsOrScholarshipsAmt |
| Other Expenditures | $2,925,673 | OtherExpendituresAmt |
| Administrative Expenses | $105,138 | AdministrativeExpensesAmt |
| End Year Balance | $8,441,585 | EndYearBalanceAmt |
CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $11,975,421 | BeginningYearBalanceAmt |
| Contributions | $848,294 | ContributionsAmt |
| Investment Earnings Or Losses | -$1,776,928 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $508,987 | GrantsOrScholarshipsAmt |
| Administrative Expenses | $104,752 | AdministrativeExpensesAmt |
| End Year Balance | $10,433,048 | EndYearBalanceAmt |
CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $10,630,062 | BeginningYearBalanceAmt |
| Contributions | $683,118 | ContributionsAmt |
| Investment Earnings Or Losses | $1,442,116 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $672,225 | GrantsOrScholarshipsAmt |
| Administrative Expenses | $107,650 | AdministrativeExpensesAmt |
| End Year Balance | $11,975,421 | EndYearBalanceAmt |
CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $9,655,486 | BeginningYearBalanceAmt |
| Contributions | $944,758 | ContributionsAmt |
| Investment Earnings Or Losses | $817,891 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $697,804 | GrantsOrScholarshipsAmt |
| Administrative Expenses | $90,269 | AdministrativeExpensesAmt |
| End Year Balance | $10,630,062 | EndYearBalanceAmt |
CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $7,799,627 | BeginningYearBalanceAmt |
| Contributions | $557,824 | ContributionsAmt |
| Investment Earnings Or Losses | $1,702,792 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $321,451 | GrantsOrScholarshipsAmt |
| Administrative Expenses | $83,306 | AdministrativeExpensesAmt |
| End Year Balance | $9,655,486 | EndYearBalanceAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated Balance EOY | 0.08000 | BoardDesignatedBalanceEOYPct |
| Prmnnt Endowment Balance EOY | 0.92000 | PrmnntEndowmentBalanceEOYPct |
| Endowments Held Unrelated Org | false | EndowmentsHeldUnrelatedOrgInd |
| Endowments Held Related Org | false | EndowmentsHeldRelatedOrgInd |
Leasehold Improvements LeaseholdImprovementsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $35,992 | OtherCostOrOtherBasisAmt |
| Depreciation | $11,596 | DepreciationAmt |
| Book Value | $24,396 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $42,842 | OtherCostOrOtherBasisAmt |
| Depreciation | $37,671 | DepreciationAmt |
| Book Value | $5,171 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $29,567 | TotalBookValueLandBuildingsAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | FUNDS HELD AS AGENCY ENDOWMENTS | Desc |
| Amt | $937,544 | Amt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $937,544 | TotalLiabilityAmt |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | SCHEDULE D, PAGE 2, PART V, LINE 4 | FormAndLineReferenceDesc |
| Explanation | THE FOUNDATION SPENDS A PORTION OF ITS ENDOWMENT BALANCE EACH YEAR TO PROVIDE GRANTS AND SCHOLARSHIPS TO BENEFIT THE SUFFOLK AND WESTERN TIDEWATER COMMUNITY. | ExplanationTxt |
Schedule F IRS990ScheduleF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (true) | GrantRecordsMaintainedInd |
| Transfer To Foreign Corp | false | TransferToForeignCorpInd |
| Interest In Foreign Trust | false | InterestInForeignTrustInd |
| Foreign Corp Ownership | Yes (true) | ForeignCorpOwnershipInd |
| Passive Foreign Investmest Co | false | PassiveForeignInvestmestCoInd |
| Foreign Partnership | false | ForeignPartnershipInd |
| Boycott Countries | false | BoycottCountriesInd |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | SCHEDULE F, PAGE 5, PART V | FormAndLineReferenceDesc |
| Explanation | THE FOUNDATION OWNS SHARES OF VARIOUS INTERNATIONAL CORPORATIONS. THE FOUNDATION DOES NOT MEET THE FILING REQUIREMENTS FOR FORM 5471. | ExplanationTxt |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (true) | GrantRecordsMaintainedInd |
Recipient Table RecipientTable (26 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | Cash GrantCashGrantAmt | Business Name Line2RecipientBusinessName/BusinessNameLine2Txt |
|---|---|---|---|---|---|
| BEECH GROVE UNITED METHODIST CHURCH | |||||
| 4251 DRIVER LANE | SUFFOLK | VA | 23435 | $15,361 | |
| CHKD | |||||
| 601 CHILDRENS LANE | NORFOLK | VA | 23501 | $8,500 | |
| COALITION AGAINST POVERTY IN | |||||
| 157 N MAIN ST 2ND FLOOR | SUFFOLK | VA | 23434 | $6,000 | SUFFOLK |
| COLLEGE AND CAREER ACADEMY | |||||
| 4169 PRUDEN BLVD | SUFFOLK | VA | 23434 | $5,800 | AT PRUDEN |
| EBENEZER UNITED METHODIST CHURCH | |||||
| 1589 STEEPLE DR | SUFFOLK | VA | 23433 | $22,000 | |
| FORKIDS | |||||
| 4200 COLLEY AVE | NORFOLK | VA | 23508 | $35,950 | |
| GLOBAL ACTION PLATFORM | |||||
| 1900 BELMONT BLVD | NASHVILLE | TN | 37212 | $51,000 | |
| HAMPTON ROADS CLASSICAL | |||||
| 14353 BENNS CHURCH BLVD | SMITHFIELD | VA | 23430 | $10,000 | |
| JIMMYE LAYCOCK CHARITY FOUNDATION | |||||
| 117 GREENBRIER | WILLIAMSBURG | VA | 23185 | $10,000 | |
| MEALS ON WHEELS OF SUFFOLK AND | |||||
| 2800 GODWIN BLVD | SUFFOLK | VA | 23434 | $8,500 | ISLE OF WIGHT |
| NC COMMUNITY FOUNDATION | |||||
| 3737 GLENWOOD AVE SUITE 460 | RALEIGH | NC | 27612 | $106,080 | |
| NANSEMOND RIVER PRESERVATION | |||||
| 8881 ECLIPSE DR | SUFFOLK | VA | 23433 | $19,500 | ALLIANCE |
| ODU ATHLETICS FOUNDATION | |||||
| 4417 MONARCH WAY 4 | NORFOLK | VA | 23508 | $10,500 | |
| PLAN BEE ACADEMY | |||||
| 4500 PEEK TRAIL | CHESAPEAKE | VA | 23321 | $12,000 | |
| RAWLS MUSEUM ARTS INC | |||||
| 22376 LINDEN STREET | COURTLAND | VA | 23837 | $19,600 | |
| ROC SOLID FOUNDATION | |||||
| 5164 W MILITARY HWY SUITE 100 | CHESAPEAKE | VA | 23321 | $25,000 | |
| SALVATION ARMY OF SUFFOLK | |||||
| 400 BANK ST | SUFFOLK | VA | 23434 | $8,500 | |
| ST PAUL'S EPISCOPAL CHURCH | |||||
| 213 N MAIN ST | SUFFOLK | VA | 23434 | $5,250 | |
| SUFFOLK ART LEAGUE | |||||
| PO BOX 1086 | SUFFOLK | VA | 23434 | $6,000 | |
| SUFFOLK CENTER FOR CULTURAL ARTS | |||||
| 110 WEST FINNEY AVENUE | SUFFOLK | VA | 23434 | $33,000 | FOUNDATION |
| TAYLOR BEND FAMILY YMCA | |||||
| 4626 TAYLOR RD | CHESAPEAKE | VA | 23321 | $5,500 | |
| TOWNEBANK FOUNDATION | |||||
| 6001 HARBOUR VIEW BLVD | SUFFOLK | VA | 23435 | $23,500 | |
| VIRGINIA LEGAL AID SOCIETY | |||||
| 513 CHURCH ST | LYNCHBURG | VA | 24504 | $12,500 | |
| WESTERN TIDEWATER FREE CLINIC | |||||
| 2019 MEADE PARKWAY | SUFFOLK | VA | 23434 | $10,000 | |
| YMCA OF SOUTH HAMPTON ROADS | |||||
| 2769 GODWIN BLVD | SUFFOLK | VA | 23434 | $7,000 | |
| GRANTS 5000 | |||||
| $206,546 | |||||
Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Type | COLLEGE SCHOLARSHIPS | GrantTypeTxt |
| Recipient | 15 | RecipientCnt |
| Cash Grant | $39,888 | CashGrantAmt |
Schedule M IRS990ScheduleM
Securities Publicly Traded SecuritiesPubliclyTradedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | Yes (X) | NonCashCheckboxInd |
| Contribution | 1 | ContributionCnt |
| Noncash Contributions Rpt F990 | $25,794 | NoncashContributionsRptF990Amt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Any Property That Must Be Held | false | AnyPropertyThatMustBeHeldInd |
| Review Process Unusual NC Gifts | false | ReviewProcessUnusualNCGiftsInd |
| Third Parties Used | false | ThirdPartiesUsedInd |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (7 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990 - ORGANIZATION'S MISSION | THE SUFFOLK FOUNDATION'S MISSION 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. OUR GRANTS TARGET HEALTH, EDUCATION, ARTS, CULTURE, THE ENVIRONMENT, ANIMAL WELFARE, AND HUMAN NEEDS AND SERVICES. OUR SCHOLARSHIPS HELP LOCAL STUDENTS ATTEND COLLEGE. |
| FORM 990 | SCHEDULE D, PART V, LINE 1E: EXPENDITURES SHOWN HERE ARE FROM RECLASSIFYING FUNDS FROM ENDOWED TO EXPENDABLE, PER CLARIFICATION FROM DONORS. |
| FORM 990, PART VI | LINE 2 - BUSINESS OR FAMILY RELATIONSHIP OF OFFICERS, DIRECTORS,ETC: SEVERAL BOARD MEMBERS HAVE BUSINESS RELATIONSHIPS. |
| FORM 990, PAGE 6, PART VI, LINE 11B | THE 990 IS SENT TO ALL BOARD MEMBERS TO REVIEW PRIOR TO FILING. |
| FORM 990, PAGE 6, PART VI, LINE 12C | TO DATE THERE HAS BEEN ZERO NON-COMPLIANCE WITH THE POLICY; SHOULD THERE BE ONE, ENFORCEMENT WILL BE ADDRESSED BY THE EXECUTIVE COMMITTEE |
| FORM 990, PAGE 6, PART VI, LINE 15A | THE REVIEW IS CONDUCTED BY THE BOARD PRESIDENT AND APPROVED BY FIRST THE EXECUTIVE COMMITTEE AND THEN THE FULL BOARD; COMPENSATION DATA FOR OTHER COMMUNITY FOUNDATIONS IN THE IMMEDIATE GEOGRAPHIC AREA IS COMPILED AND THOSE EXECUTIVE DIRECTOR COMPENSATIONS ARE PRESENTED AS PERCENTAGE OF THE ORGANIZATIONS TOTAL ASSETS AS THE MEANS OF SUBSTANTIATING THE COMPENSATION PAID TO THE SUFFOLK FOUNDATION EXECUTIVE DIRECTOR. |
| FORM 990, PAGE 6, PART VI, LINE 19 | FORM 990 IS AVAILABLE UPON REQUEST OR ON OUR WEBSITE. OUR CONFLICT OF INTEREST STATEMENT AND GOVERNING DOCUMENTS ARE AVAILABLE UPON REQUEST. |
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