Civic Intelligence

Suffolk Education Foundation

990 • Fiscal year 2021 • EIN 54-1657674

Jul 01, 2020 to Jun 30, 2021 • Filed on Jan 24, 2022

1707 N Main StreetSuffolk, VA 23434

(757) 775-9682

Siviq Scores

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

Liabilities / Assets

31st percentile

0.00x

Higher debt load relative to assets than 31% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Liabilities / Revenue

34th percentile

0.00x

Higher debt load relative to revenue than 34% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Net Margin

89th percentile

57%

Higher net margin than 89% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Top Officer Pay

52nd percentile

$0

Higher top officer pay than 52% of similar nonprofits.

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

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Asset Growth

99th percentile

1010%

Faster asset growth than 99% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2020 to 2021

Revenue Growth

85th percentile

92%

Faster revenue growth than 85% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2020 to 2021

Assets

Up

$762,893

Up $694,161 (+1010%) from 2020

Net Assets

Up

$762,428

Up $693,770 (+1010%) from 2020

Liabilities

Up

$465

Up $391 (+528%) from 2020

Revenue

Up

$186,501

Up $89,333 (+92%) from 2020

Expenses

Down

$81,054

Down $11,300 (-12%) from 2020

Net Income

Up

$105,447

Up $100,633 (+2090%) from 2020

Historical Trend

Balance Sheet Trend

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

$800K$600K$400K$200K$0Assets 2012: $104,091Liabilities 2012: $8642012Assets 2013: $104,384Liabilities 2013: $0Net Assets 2013: $104,3842013Assets 2014: $110,754Liabilities 2014: $0Net Assets 2014: $110,7542014Assets 2015: $131,577Liabilities 2015: $0Net Assets 2015: $131,5772015Assets 2016: $92,286Liabilities 2016: $0Net Assets 2016: $92,2862016Assets 2017: $31,606Liabilities 2017: $0Net Assets 2017: $31,6062017Assets 2018: $42,850Liabilities 2018: $0Net Assets 2018: $42,8502018Assets 2019: $63,844Liabilities 2019: $0Net Assets 2019: $63,8442019Assets 2020: $68,732Liabilities 2020: $74Net Assets 2020: $68,6582020Assets 2021: $762,893Liabilities 2021: $465Net Assets 2021: $762,4282021Assets 2022: $642,172Liabilities 2022: $61Net Assets 2022: $642,1112022Assets 2023: $675,878Liabilities 2023: $150Net Assets 2023: $675,7282023Assets 2024: $696,652Liabilities 2024: $2,614Net Assets 2024: $694,0382024Assets 2025: $732,019Liabilities 2025: $0Net Assets 2025: $732,0192025

Highlighted filing

2021

Assets$762,893
Liabilities$465
Net Assets$762,428

Operations Trend

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

$200K$100K$0-$100KRevenue 2012: $69,986Expenses 2012: $75,637Net Income 2012: -$5,6512012Revenue 2013: $93,570Expenses 2013: $92,413Net Income 2013: $1,1572013Revenue 2014: $119,315Expenses 2014: $112,945Net Income 2014: $6,3702014Revenue 2015: $158,169Expenses 2015: $137,346Net Income 2015: $20,8232015Revenue 2016: $79,384Expenses 2016: $118,675Net Income 2016: -$39,2912016Revenue 2017: $64,566Expenses 2017: $125,246Net Income 2017: -$60,6802017Revenue 2018: $79,671Expenses 2018: $68,427Net Income 2018: $11,2442018Revenue 2019: $79,257Expenses 2019: $58,263Net Income 2019: $20,9942019Revenue 2020: $97,168Expenses 2020: $92,354Net Income 2020: $4,8142020Revenue 2021: $186,501Expenses 2021: $81,054Net Income 2021: $105,4472021Revenue 2022: $97,548Expenses 2022: $93,370Net Income 2022: $4,1782022Revenue 2023: $68,536Expenses 2023: $90,587Net Income 2023: -$22,0512023Revenue 2024: $121,283Expenses 2024: $108,182Net Income 2024: $13,1012024Revenue 2025: $120,402Expenses 2025: $97,551Net Income 2025: $22,8512025

Highlighted filing

2021

Revenue$186,501
Expenses$81,054
Net Income$105,447
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
Jan 24, 2022
Return Version
2020v4.0
Gross Receipts
$192,276
Mission and Program Overview

Mission

Is to support suffolk public schools by connecting the community's talents and resources to expand educational opportunities for students and staff.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$68,732$22,434▼ $46,298
Savings and Temporary Cash Investments-$0-
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$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$657,055$762,893▲ $105,838
Other Assets Total$588,323$740,459▲ $152,136
Liabilities
Other Liabilities$74$465▲ $391
Total Liabilities$74$465▲ $391
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$656,981$760,928▲ $103,947
Net Assets With Donor Restrictions-$1,500-
Total Net Assets Fund Balance$656,981$762,428▲ $105,447
Total Liabilities and Net Assets / Fund Balance$657,055$762,893▲ $105,838
Compensation and Service Providers

Board Members and Trustees

NameTitle
Patrick BelcherPresident
Susan SumnerVice President
Anthonette WardDirector
Karen BrickeyDirector
Lesa McnamaraDirector
Sherri StoryDirector
Sid NeighboursDirector
David MilesTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$16,651
Program Service Revenue
$0
Investment Income
$145,537
Other Revenue
$24,313
All Other Contributions
$15,646
Change in Net Assets
$105,447
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$53,605
Other Expenses$15,726
Salaries, Compensation, and Employee Benefits$11,723
Total Fundraising Expense$150
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$31,205--$31,205
Grants to Domestic Individuals$22,400--$22,400
Other Salaries and Wages-$10,890-$10,890
Fees for Services Accounting-$3,211-$3,211
All Other Expenses$1,714-$150$1,864
Occupancy-$1,200-$1,200
Payroll Taxes-$833-$833
Other Expenses$789--$789
Insurance-$426-$426
Office Expenses$86$340-$426
Total Functional Expenses$64,004$16,900$150$81,054
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Suffolk Public SchoolsSuffolk, VA--$31,205
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$30,088
Fundraising Direct Expenses$5,775
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Golf Tournament$19,739$19,739$1,073$18,666
Spelling Bee$6,062$6,062$996$5,066
Total Events$25,801$25,801$5,775$20,026
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-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Payroll Liabilities$464
Rounding$1
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Audit committee
No
Backup withholding compliance
No
Business relationship with 35% controlled entity
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

President reviews 990 prior to signature.

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

No documents available to the public.

Filing and Contact Details

Filer

Filer Name
Suffolk Education Foundation
EIN
54-1657674
Phone
7577759682
Address
1707 N MAIN STREET, SUFFOLK, VA 23434

Signing Officer

Name
Patrick Belcher
Title
President
Signed
2022-01-24
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Patrick Belcher
Formed
1993
Legal Domicile
Va
Voting Board Members
8
Independent Board Members
8
Employees
1
Volunteers
15

Preparer

Firm
Boyce Spady & Moore Plc
Address
1013 W Washington Street, Suffolk, VA 23434
Preparer
Robert M Moore Jr
Phone
7575392953
Supplemental Narrative

Additional Explanations

Prior Period Adjustment

A prior period adjustment was made in the amount of $588,323 to change the treatment of assets transferred to and held by a community foundation on behalf of Suffolk Education Foundation. Previously, these assets were not recognized in the accounts of the Suffolk Education Foundation. Due to the change, investments are now recorded on the book of accounts and investment income (expense) is recorded in the statement of activities.

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IRS990/PYOtherExpensesAmt08657
IRS990/PYOtherRevenueAmt023812
IRS990/PYRevenuesLessExpensesAmt062379
IRS990/PYSalariesCompEmpBnftPaidAmt04075
IRS990/PYTotalExpensesAmt034789
IRS990/PYTotalProfFndrsngExpnsAmt062
IRS990/PYTotalRevenueAmt097168
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0105447
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt016651
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt073350
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt052571
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt049651
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt041032
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0233255
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt09
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt09
IRS990ScheduleA/OtherIncome170Grp/TotalAmt00
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct01.00000
IRS990ScheduleA/PublicSupportPY170Pct00.99420
IRS990ScheduleA/PublicSupportTotal170Amt0233255
IRS990ScheduleA/SubstantialContributorsTotAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt016651
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt073350
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt052571
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt049651
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt041032
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0233255
IRS990ScheduleA/TotalSupportAmt0233264
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt00
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/DisclosedForCharitablePrpsInd0true
IRS990ScheduleD/DisclosedOrgLegCtrlInd0true
IRS990ScheduleD/DonorAdvisedFundsContriAmt03882
IRS990ScheduleD/DonorAdvisedFundsGrantsAmt02382
IRS990ScheduleD/DonorAdvisedFundsHeldCnt01
IRS990ScheduleD/DonorAdvisedFundsVlEOYAmt01500
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0464
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt11
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0PAYROLL LIABILITIES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Rounding
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0740459
IRS990ScheduleD/TotalLiabilityAmt0465
IRS990ScheduleG/AgrmtProfFundraisingActyInd0false
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt05775
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0GOLF TOURNAMENT
IRS990ScheduleG/FundraisingEventInformationGrp/Event2Nm0SPELLING BEE
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageEvent1Amt0627
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageTotalEventsAmt0627
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt019739
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent2Amt06062
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt025801
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt019739
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent2Amt06062
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt025801
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt020026
IRS990ScheduleG/FundraisingEventInformationGrp/NonCashPrizesEvent1Amt0258
IRS990ScheduleG/FundraisingEventInformationGrp/NonCashPrizesTotalEventsAmt0258
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt02069
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt01073
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent2Amt0996
IRS990ScheduleG/FundraisingEventInformationGrp/RentFacilityCostsEvent1Amt02821
IRS990ScheduleG/FundraisingEventInformationGrp/RentFcltyCostsTotalEventsAmt02821
IRS990ScheduleG/SolicitationOfNonGovtGrantsInd0X
IRS990ScheduleG/SpecialFundraisingEventsInd0X
IRS990ScheduleI/GrantRecordsMaintainedInd0false
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt020500
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt11900
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0SCHOLARSHIPS
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt1TEACHER OF THE YEAR AWARDS
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt014
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt14
IRS990ScheduleI/RecipientTable/CashGrantAmt031205
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt00
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0SUFFOLK PUBLIC SCHOOLS
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0100 N MAIN STREET
IRS990ScheduleI/RecipientTable/USAddress/CityNm0SUFFOLK
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0VA
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd023434
IRS990ScheduleI/Total501c3OrgCnt01
IRS990ScheduleI/TotalOtherOrgCnt00
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0President reviews 990 prior to signature.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1No documents available to the public.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2A prior period adjustment was made in the amount of $588,323 to change the treatment of assets transferred to and held by a community foundation on behalf of Suffolk Education Foundation. Previously, these assets were not recognized in the accounts of the Suffolk Education Foundation. Due to the change, investments are now recorded on the book of accounts and investment income (expense) is recorded in the statement of activities.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2PRIOR PERIOD ADJUSTMENT
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0657055
IRS990/TotalAssetsEOYAmt0762893
IRS990/TotalAssetsGrp/BOYAmt0657055
IRS990/TotalAssetsGrp/EOYAmt0762893
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt016651
IRS990/TotalEmployeeCnt01
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt0150
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt016900
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt064004
IRS990/TotalFunctionalExpensesGrp/TotalAmt081054
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt074
IRS990/TotalLiabilitiesEOYAmt0465
IRS990/TotalLiabilitiesGrp/BOYAmt074
IRS990/TotalLiabilitiesGrp/EOYAmt0465
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0656981
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0762428
IRS990/TotalProgramServiceExpensesAmt064004

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.32$0.00$7.32$1.20$0.98$0.23
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.97$0.03$6.94$1.21$1.08$0.13
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.76$0.00$6.76$0.69$0.91$0.22
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.42$0.00$6.42$0.98$0.93$0.04
2021Detailed filing. Detailed filing data is available for this year.$7.63$0.00$7.62$1.87$0.81$1.05
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.69$0.00$0.69$0.97$0.92$0.05
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.64$0.00$0.64$0.79$0.58$0.21
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.43$0.00$0.43$0.80$0.68$0.11
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.32$0.00$0.32$0.65$1.25$0.61
2016Detailed filing. Detailed filing data is available for this year.$0.92$0.00$0.92$0.79$1.19$0.39
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.32$0.00$1.32$1.58$1.37$0.21
2014Detailed filing. Detailed filing data is available for this year.$1.11$0.00$1.11$1.19$1.13$0.06
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.04$0.00$1.04$0.94$0.92$0.01
2012Summary only. Only limited summary data is available for this year.$1.04$0.01$0.70$0.76$0.06