Civic Intelligence

Suffolk Foundation

990 • Fiscal year 2015 • EIN 20-5998525

Jan 01, 2015 to Dec 31, 2015 • Filed on Nov 10, 2016

106 Finney AveSuffolk, VA 23434

(757) 923-9090

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

8th percentile

0.00x

Higher debt load relative to assets than 8% of similar nonprofits.

2015 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2015

Liabilities / Revenue

9th percentile

0.00x

Higher debt load relative to revenue than 9% of similar nonprofits.

2015 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2015

Net Margin

5th percentile

-59%

Higher net margin than 5% of similar nonprofits.

2015 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2015

Top Officer Pay

19th percentile

$0

Higher top officer pay than 19% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2015 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2015

Asset Growth

24th percentile

-4.0%

Faster asset growth than 24% of similar nonprofits.

2015 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2014 to 2015

Revenue Growth

5th percentile

-52%

Faster revenue growth than 5% of similar nonprofits.

2015 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2014 to 2015

Assets

Down

$5,293,852

Down $221,374 (-4.0%) from 2014

Net Assets

Down

$5,291,985

Down $223,241 (-4.0%) from 2014

Liabilities

Up

$1,867

Up $1,867 from 2014

Revenue

Down

$380,120

Down $410,575 (-52%) from 2014

Expenses

Down

$603,361

Down $181,255 (-23%) from 2014

Net Income

Down

-$223,241

Down $229,320 (-3772%) from 2014

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$20M$15M$10M$5.0M$0Assets 2010: $3,615,597Liabilities 2010: $0Net Assets 2010: $3,615,5972010Assets 2011: $3,717,286Liabilities 2011: $0Net Assets 2011: $3,717,2862011Assets 2012: $4,195,465Liabilities 2012: $0Net Assets 2012: $4,195,4652012Assets 2013: $5,509,147Liabilities 2013: $0Net Assets 2013: $5,509,1472013Assets 2014: $5,515,226Liabilities 2014: $0Net Assets 2014: $5,515,2262014Assets 2015: $5,293,852Liabilities 2015: $1,867Net Assets 2015: $5,291,9852015Assets 2016: $5,735,138Liabilities 2016: $0Net Assets 2016: $5,735,1382016Assets 2017: $6,485,723Liabilities 2017: $2,268Net Assets 2017: $6,483,4552017Assets 2018: $8,681,724Liabilities 2018: $2,105Net Assets 2018: $8,679,6192018Assets 2019: $10,430,212Liabilities 2019: $2,479Net Assets 2019: $10,427,7332019Assets 2020: $11,369,863Liabilities 2020: $22,284Net Assets 2020: $11,347,5792020Assets 2021: $12,669,857Liabilities 2021: $2,598Net Assets 2021: $12,667,2592021Assets 2022: $11,006,379Liabilities 2022: $2,527Net Assets 2022: $11,003,8522022Assets 2023: $12,251,749Liabilities 2023: $937,544Net Assets 2023: $11,314,2052023Assets 2024: $17,767,454Liabilities 2024: $967,549Net Assets 2024: $16,799,9052024

Highlighted filing

2015

Assets$5,293,852
Liabilities$1,867
Net Assets$5,291,985

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$8.0M$6.0M$4.0M$2.0M$0-$2.0MExpenses 2010: $200,0262010Expenses 2011: $266,9192011Expenses 2012: $331,5672012Revenue 2013: $2,847,476Expenses 2013: $1,533,794Net Income 2013: $1,313,6822013Revenue 2014: $790,695Expenses 2014: $784,616Net Income 2014: $6,0792014Revenue 2015: $380,120Expenses 2015: $603,361Net Income 2015: -$223,2412015Revenue 2016: $1,020,448Expenses 2016: $577,295Net Income 2016: $443,1532016Revenue 2017: $1,226,862Expenses 2017: $478,545Net Income 2017: $748,3172017Revenue 2018: $3,275,621Expenses 2018: $533,931Net Income 2018: $2,741,6902018Revenue 2019: $1,052,954Expenses 2019: $749,687Net Income 2019: $303,2672019Revenue 2020: $1,121,897Expenses 2020: $926,393Net Income 2020: $195,5042020Revenue 2021: $1,568,814Expenses 2021: $903,332Net Income 2021: $665,4822021Revenue 2022: $1,330,106Expenses 2022: $950,723Net Income 2022: $379,3832022Revenue 2023: $1,201,852Expenses 2023: $1,126,082Net Income 2023: $75,7702023Revenue 2024: $7,055,591Expenses 2024: $1,580,367Net Income 2024: $5,475,2242024

Highlighted filing

2015

Revenue$380,120
Expenses$603,361
Net Income-$223,241
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
Nov 10, 2016
Return Version
2015v2.0
Gross Receipts
$380,120
Mission and Program Overview

Mission

To facilitate and develop philanthropy, to engage in chartitable grant making and to take other actions for a broad range of charitable needs for the benefit of the people of the city of suffolk, virginia and the surrounding areas where suffolk is a beneficiary.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$4,654,651$4,579,879▼ $74,772
Cash and Non-Interest-Bearing Accounts$764,622$672,160▼ $92,462
Pledges and Grants Receivable$95,953$41,813▼ $54,140
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Land, Buildings, and Equipment, Net-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$5,515,226$5,293,852▼ $221,374
Other Assets Total-$0-
Liabilities
Accounts Payable and Accrued Expenses-$1,867-
Total Liabilities$0$1,867▲ $1,867
Net Assets / Fund Balance
Unrestricted Net Assets$5,515,226$5,291,985▼ $223,241
Total Net Assets Fund Balance$5,515,226$5,291,985▼ $223,241
Total Liabilities and Net Assets / Fund Balance$5,515,226$5,293,852▼ $221,374

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings-$2,325$2,325
Compensation and Service Providers

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$461,734
Program Service Revenue
$0
Investment Income
$-81,614
Other Revenue
$0
All Other Contributions
$461,734
Change in Net Assets
$-223,241
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$482,187
Other Expenses$72,645
Salaries, Compensation, and Employee Benefits$48,529
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$472,187--$472,187
Other Salaries and Wages$42,077--$42,077
Grants to Domestic Individuals$10,000--$10,000
Advertising-$7,034-$7,034
All Other Expenses$191$6,452-$6,643
Other Employee Benefits$3,233--$3,233
Payroll Taxes$3,219--$3,219
Insurance-$1,940-$1,940
Other Expenses$13,643$1,732-$1,732
Total Functional Expenses$544,550$58,811$0$603,361
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
An Achievable DreamNewport News, VA--$125,000
Washington Lee UniversityLexington, VA--$60,000
Pdccc FoundationSuffolk, VA--$50,000
Suffolk Education FoundationSuffolk, VA--$43,700
Rawls Museum of ArtsCourtland, VA--$24,000
Nansemond-suffolk AcademySuffolk, VA--$20,000
ChkdNorfolk, VA--$8,500
Juvenile Diabetes ResearchRaleigh, NC--$7,686
Suffolk Ctr for Cultural ArtsSuffolk, VA--$7,500
Boys and Girls ClubsSuffolk, VA--$7,000
Suffolk Family YmcaSuffolk, VA--$7,000
Virginia Musical TheaterVirginia Beach, VA--$6,500
Suffolk Literary CouncilSuffolk, VA--$6,000
Suffolk Meals on WheelsSuffolk, VA--$6,000
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Backup withholding compliance
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 11B: Form 990 Review Process

No review was or will be conducted.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

AVAILABLE UPON REQUEST

Filing and Contact Details

Filer

Filer Name
Suffolk Foundation
EIN
20-5998525
Phone
7579239090
Address
106 Finney Ave, SUFFOLK, VA 23434

Signing Officer

Name
James Butler Iii
Title
President
Signed
2016-11-10
Discuss with paid preparer
Yes

Organization Details

Formed
2006
Voting Board Members
18
Independent Board Members
18
Employees
1
Volunteers
18

Preparer

Firm
Boyce Spady & Moore Plc
Address
1013 W Washington Street, Suffolk, VA 23434
Preparer
John R Boyce
Phone
7575392953
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IRS990/Form990PartVIISectionAGrp/TitleTxt15Vice President
IRS990/Form990PartVIISectionAGrp/TitleTxt16Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt17Treasurer
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IRS990/Form990TFiledInd0false
IRS990/FormationYr02006
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IRS990/FSAuditedInd0false
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IRS990/InfoInScheduleOPartVIInd0X
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IRS990/InsuranceGrp/ManagementAndGeneralAmt01940
IRS990/InsuranceGrp/TotalAmt01940
IRS990/IntangibleAssetsGrp/EOYAmt00
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IRS990/InvestmentsPubTradedSecGrp/EOYAmt00
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IRS990/LandBldgEquipCostOrOtherBssAmt02325
IRS990/LicensedMoreThanOneStateInd0false
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0false
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IRS990/MissionDesc0TO FACILITATE AND DEVELOP PHILANTHROPY, TO ENGAGE IN CHARTITABLE GRANT MAKING AND TO TAKE OTHER ACTIONS FOR A BROAD RANGE OF CHARITABLE NEEDS FOR THE BENEFIT OF THE PEOPLE OF THE CITY OF SUFFOLK, VIRGINIA AND THE SURROUNDING AREAS WHERE SUFFOLK IS A BENEFICIARY.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
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IRS990/NetAssetsOrFundBalancesEOYAmt05291985
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IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NoncashContributionsAmt01013
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/TotalAmt00
IRS990/OfficeExpensesGrp/TotalAmt00
IRS990/OfficerMailingAddressInd0false
IRS990/OnBehalfOfIssuerInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OrgFiledInLieuOfForm1041Ind0false
IRS990/OtherAssetsTotalGrp/EOYAmt00
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt03233
IRS990/OtherEmployeeBenefitsGrp/TotalAmt03233
IRS990/OtherExpensesGrp/Desc0INVESTMENT FEES
IRS990/OtherExpensesGrp/Desc1PROFESSIONAL FEES
IRS990/OtherExpensesGrp/Desc2CONTRACT SERVICES
IRS990/OtherExpensesGrp/Desc3COMPUTER
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IRS990/OtherExpensesGrp/ManagementAndGeneralAmt118825
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt21732
IRS990/OtherExpensesGrp/ProgramServicesAmt013643
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IRS990/OtherExpensesGrp/TotalAmt118825
IRS990/OtherExpensesGrp/TotalAmt213643
IRS990/OtherExpensesGrp/TotalAmt31732
IRS990/OtherRevenueTotalAmt00
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt042077
IRS990/OtherSalariesAndWagesGrp/TotalAmt042077
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/ProgramServicesAmt03219
IRS990/PayrollTaxesGrp/TotalAmt03219
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt095953
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt041813
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt00
IRS990/ProfessionalFundraisingInd0false
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0588876
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt0701495
IRS990/PYInvestmentIncomeAmt0201819
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt083121
IRS990/PYRevenuesLessExpensesAmt06079
IRS990/PYTotalExpensesAmt0784616
IRS990/PYTotalRevenueAmt0790695
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0-223241
IRS990/RegularMonitoringEnfrcInd0false
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt04654651
IRS990/SavingsAndTempCashInvstGrp/EOYAmt04579879
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0461734
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0588876
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt02286172
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0378678
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0393202
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt04108662
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0284768
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0274907
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt077338
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0106279
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt091708
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0835000
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt0-366382
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt0-73089
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt0483966
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt0324789
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt0-116302
IRS990ScheduleA/OtherIncome170Grp/TotalAmt0252982
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.79060
IRS990ScheduleA/PublicSupportPY170Pct00.75330
IRS990ScheduleA/PublicSupportTotal170Amt04108662
IRS990ScheduleA/SubstantialContributorsTotAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0461734
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0588876
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt02286172
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0378678
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0393202
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt04108662
IRS990ScheduleA/TotalSupportAmt05196644
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt00
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$17.8$0.97$16.8$7.06$1.58$5.48
2023Detailed filing. Detailed filing data is available for this year.$12.3$0.94$11.3$1.20$1.13$0.08
2022Detailed filing. Detailed filing data is available for this year.$11.0$0.00$11.0$1.33$0.95$0.38
2021Detailed filing. Detailed filing data is available for this year.$12.7$0.00$12.7$1.57$0.90$0.67
2020Detailed filing. Detailed filing data is available for this year.$11.4$0.02$11.3$1.12$0.93$0.20
2019Detailed filing. Detailed filing data is available for this year.$10.4$0.00$10.4$1.05$0.75$0.30
2018Detailed filing. Detailed filing data is available for this year.$8.68$0.00$8.68$3.28$0.53$2.74
2017Detailed filing. Detailed filing data is available for this year.$6.49$0.00$6.48$1.23$0.48$0.75
2016Detailed filing. Detailed filing data is available for this year.$5.74$0.00$5.74$1.02$0.58$0.44
2015Detailed filing. Detailed filing data is available for this year.$5.29$0.00$5.29$0.38$0.60$0.22
2014Detailed filing. Detailed filing data is available for this year.$5.52$0.00$5.52$0.79$0.78$0.01
2013Detailed filing. Detailed filing data is available for this year.$5.51$0.00$5.51$2.85$1.53$1.31
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.20$0.00$4.20$0.33
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.72$0.00$3.72$0.27
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.62$0.00$3.62$0.20