2025-05-01T09:36:43-04:00 2024-12-31 200221868 BARNES BROCK CORNWELL & PAINTER PLC 908 EDEN WAY N STE 201 CHESAPEAKE VA 233202640 990 2024-01-01 205998525 SUFFOLK FOUNDATION SUFF 7579239090 110 W FINNEY AVE 100 SUFFOLK VA 23434 O KERMIT HOBBS JR DIRECTOR 7579239090 2025-04-07 false KIMBERLY C PAINTER CPA P00294115 7579615017 2025-04-29 2024 2025-03-06 01:10:19Z O KERMIT HOBBS JR 110 W FINNEY AVE 100 SUFFOLK VA 23434 13647979 false X WWW.SUFFOLKFOUNDATION.ORG X 2006 VA 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. 21 21 4 22 0 843069 5628566 0 358783 1276188 150837 1201852 7055591 768475 1094337 0 133643 172171 0 37341 223964 313859 1126082 1580367 75770 5475224 12251749 17767454 937544 967549 11314205 16799905 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. false false 1502609 1094337 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. 1502609 true true false false false true false false false true true false false false true true true false false false true false false false false false false true true false false false false false false false false false true false false false false false false false false true 4 0 4 true false false false false true true true true false false false false false false false false X 21 21 true false false false false false false true true false false true true true true true true true false false X X X SUFFOLK FOUNDATION 7579239090 110 W FINNEY AVE 100 SUFFOLK VA 23434 HARRY LEE CROSS III PRESIDENT 10.00 X X 0 0 0 S CHRIS JONES VICE PRESIDE 1.00 X X 0 0 0 VERNON M TOWLER TREASURER 1.00 X X 0 0 0 LEROY BENNETT SECRETARY 1.00 X X 0 0 0 J WAYNE SCOTT DIRECTOR 1.00 X 0 0 0 ELIZABETH B TOTTEN DIRECTOR 1.00 X 0 0 0 JAMES E BUTLER III DIRECTOR 1.00 X 0 0 0 TIMOTHY K PALMER DIRECTOR 1.00 X 0 0 0 CARL L FARRIS JR DIRECTOR 1.00 X 0 0 0 LES HALL DIRECTOR 1.00 X 0 0 0 O KERMIT HOBBS JR DIRECTOR 1.00 X 0 0 0 DAVID MILES DIRECTOR 1.00 X 0 0 0 JACQUELINE OVERTON DIRECTOR 1.00 X 0 0 0 DR SHARON A RAGHUBAR DIRECTOR 1.00 X 0 0 0 DEBORAH B RUSSELL DIRECTOR 1.00 X 0 0 0 GEORGE BIRDSONG DIRECTOR 1.00 X 0 0 0 SHERI ANDERSON DIRECTOR 1.00 X 0 0 0 JOSEPH N WEBB JR DIRECTOR 1.00 X 0 0 0 MARGARET N WILEY DIRECTOR 1.00 X 0 0 0 BJ WILLIE DIRECTOR 1.00 X 0 0 0 DAVID HOST DIRECTOR 1.00 X 0 0 0 LORELEI C MORROW EXECUTIVE DI 40.00 X X 86452 0 0 86452 false false false 5628566 47276 5628566 417621 417621 7450955 6592388 858567 858567 FEE REVENUE 139820 139820 FEE REVENUE PTE 8017 8017 OTHER INCOME 3000 3000 150837 7055591 150837 417621 1011387 1011387 82950 82950 89996 80996 4500 4500 64299 35135 18268 10896 2698 2428 135 135 15178 11383 2277 1518 3242 3242 98753 96926 1827 138355 138355 17204 9089 8115 2503 1691 291 521 19294 10181 4810 4303 13400 9550 2181 1669 3036 2164 494 378 6380 2128 2126 2126 5468 3915 883 670 DUES AND SUBSCRIPTIONS 2882 2054 469 359 TELEPHONE 958 683 156 119 STAFF TRAINING /EDUCATION 880 627 143 110 PROGRAM EXPENSE 772 772 732 195 442 95 1580367 1502609 40417 37341 864650 1174538 78834 55647 29567 23187 11357532 16569729 12251749 17767454 7080 2000 937544 958469 937544 967549 X 7023313 5890827 4290892 10909078 11314205 16799905 12251749 17767454 5475224 10476 X false true X true false X 833228 703142 988246 843069 5628566 8996251 833228 703142 988246 843069 5628566 8996251 4079082 4917169 288669 865672 343557 260105 417621 2175624 724342 654198 -2044487 -665947 10505928 150837 0.46800 0.57120 X PART II, LINE 10 INVESTMENT GAINS OR LOSSES -664,250 LOSS ON DISPOSAL OF EQUIPMENT -1,697 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 16 598411 524448 4804013 true true 8441585 4286655 1051477 558400 7143 187707 13040753 10433048 180035 1169164 309851 2925673 105138 8441585 11975421 848294 -1776928 508987 104752 10433048 10630062 683118 1442116 672225 107650 11975421 9655486 944758 817891 697804 90269 10630062 0.05000 0.95000 false false 35992 35992 42842 55647 -12805 23187 FUNDS HELD AS AGENCY ENDOWMENTS 958469 958469 X 7066067 10476 10476 7055591 7055591 1580367 1580367 1580367 SCHEDULE D, PAGE 2, PART V, LINE 4 THE FOUNDATION SPENDS A PORTION OF ITS ENDOWMENT BALANCE EACH YEAR TO PROVIDE GRANTS AND SCHOLARSHIPS TO BENEFIT THE SUFFOLK AND WESTERN TIDEWATER COMMUNITY. SCHEDULE D, PAGE 3, PART X LIABILITY FOR UNCERTAIN TAX POSITIONS UNDER FIN 48 FOOTNOTE: THE FOUNDATION ADOPTED THE RECOGNITION REQUIREMENTS FOR UNCERTAIN INCOME TAX POSITIONS AS REQUIRED BY GENERALLY ACCEPTED ACCOUNTING PRINCIPLES, WITH NO CUMULATIVE EFFECT ADJUSTMENT REQUIRED. INCOME TAX BENEFITS ARE RECOGNIZED FOR INCOME TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN A RETURN, ONLY WHEN IT IS DETERMINED THAT THE INCOME TAX POSITION WILL MORE- LIKELY-THAN-NOT BE SUSTAINED UPON EXAMINATION BY TAXING AUTHORITIES. THE FOUNDATION HAS ANALYZED THE TAX POSITIONS TAKEN IN ITS FILINGS WITH THE INTERNAL REVENUE SERVICE. THE FOUNDATION BELIEVES THAT ITS INCOME TAX FILING POSITIONS WILL BE SUSTAINED UPON EXAMINATION AND DOES NOT ANTICIPATE ANY ADJUSTMENTS THAT WOULD RESULT IN A MATERIAL ADVERSE AFFECT ON THE FOUNDATION'S FINANCIAL CONDITION, RESULTS OF OPERATIONS OR CASH FLOWS. ACCORDINGLY, THE FOUNDATION HAS NOT RECORDED ANY RESERVES, OR RELATED ACCRUALS FOR INTEREST AND PENALTIES FOR UNCERTAIN INCOME TAX POSITIONS AT DECEMBER 31, 2024. SCHEDULE D, PAGE 4, PART XIII THE FOUNDATION'S FEDERAL RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX (FORM 990) FOR 2024, 2023, 2022, AND 2021, ARE SUBJECT TO EXAMINATION BY THE IRS, GENERALLY, FOR THREE YEARS AFTER THEY WERE FILED. true false false true false false false SCHEDULE F, PAGE 5, PART V THE FOUNDATION OWNS SHARES OF VARIOUS INTERNATIONAL CORPORATIONS. THE FOUNDATION DOES NOT MEET THE FILING REQUIREMENTS FOR FORM 5471. true ACCESS COLLEGE FOUNDATION 2555 ELLSMERE AVENUE SUITE 110 NORFOLK VA 23513 16000 BIRDSONG HEALTH LITERACY CENTER OF EXCELLENCE 400 GRANBY STREET SUITE 107-13 NORFOLK VA 23510 11000 BLAKEY WEAVER COUNSELING CENTER 129 N SARATOGA STREET SUITE 1 SUFFOLK VA 23434 8000 CHESAPEAKE BAY WINE CLASSIC FOUNDATION 613 BUSHNELL COURT VIRGINIA BEACH VA 23451 10000 CHILDREN'S HOSPITAL OF THE KING'S DAUGHTER PO BOX 2156 NORFOLK VA 23501 10000 COALITION AGAINST POVERTY IN SUFFOLK 157 N MAIN ST 2ND FLOOR SUFFOLK VA 23434 12000 DEEP CREEK HIGH SCHOOL 2900 MARGARET BOOKER DRIVE CHEASPEAKE VA 23323 8000 FOODBANK OF SOUTHEASTERN VIRGINIA AND THE EASTERN SHORE 800 TIDEWATER DRIVE NORFOLK VA 23504 12500 FORKIDS 1001 POINDEXTER STREET CHESAPEAKE VA 23324 46500 GIRLS ON THE RUN HAMPTON ROADS 5817 WESLEYAN DRIVE VIRGINIA BEACH VA 23455 7100 GRANTS 5000 262246 HAMPTON ROADS CLASSICAL 14353 BENNS CHURCH BLVD SMITHFIELD VA 23430 9628 HERO KIDS FOUNDATION 1474 COPELAND ROAD SUFFOLK VA 23434 6000 ISLE OF WIGHT CHRISTIAN OUTREACH PROGRAM INC 402 GRACE STREET SMITHFIELD VA 23431 6000 MEALS ON WHEELS OF SUFFOLK AND ISLE OF WIGHT 2800 GODWIN BLVD SUFFOLK VA 23434 11500 NANSEMOND RIVER PRESERVATION ALLIANCE 8881 ECLIPSE DR SUFFOLK VA 23433 26500 NANSEMOND SUFFOLK ACADEMY 3373 PRUDEN BOULEVARD SUFFOLK VA 23434 12600 NORFOLK FESTEVENTS LTD 120 W MAIN STREET NORFOLK VA 23510 10000 ODU ATHLETICS FOUNDATION 4417 MONARCH WAY 4 NORFOLK VA 23508 13000 PAUL D CAMP COMMUNITY COLLEGE FOUNDATION 100 N COLLEGE DRIVE FRANKLIN VA 23851 42000 RAWLS MUSEUM ARTS INC 22376 LINDEN STREET COURTLAND VA 23837 21017 ROC SOLID FOUNDATION 5164 W MILITARY HWY SUITE 100 CHESAPEAKE VA 23321 40000 SALVATION ARMY PO BOX 388 NORFOLK VA 23501 48000 ST LUKE'S HISTORIC CHURCH & MUSEUM 14477 BENNS CHURCH BLVD SMITHFIELD VA 23430 8000 ST MICHAELS CONCOURS D'ELEGANCE INC PO BOX A ST MICHAELS MD 21663 10000 ST PAUL'S EPISCOPAL CHURCH 213 N MAIN ST SUFFOLK VA 23434 9000 SUFFOLK ART LEAGUE PO BOX 1086 SUFFOLK VA 23434 9000 SUFFOLK CENTER FOR CULTURAL ARTS FOUNDATION 110 WEST FINNEY AVENUE SUFFOLK VA 23434 64705 SUFFOLK CHRISTIAN FELLOWSHIP CENTER 211 E WASHINGTON STREET SUFFOLK VA 23434 23700 SUFFOLK EDUCATION FOUNDATION PO BOX 394 SUFFOLK VA 23439 52000 SUFFOLK HUMANE SOCIETY 412 KINGS FORK RD SUFFOLK VA 23434 12895 SUFFOLK NANSEMOND HISTORICAL SOCIET PO BOX 1255 SUFFOLK VA 23439 6500 SUFFOLK SHERIFF'S OFFICE CHARITIES INC 150 N MAIN STREET SUFFOLK VA 23434 6500 SUFFOLK YOUTH ATHLETIC ASSOCIATION PO BOX 3081 SUFFOLK VA 23439 10000 TIDEWATER FRIENDS OF FOSTER CARE 999 WATERSIDE DR SUITE 430 NORFOLK VA 23510 9000 TOWNEBANK FOUNDATION 6001 HARBOUR VIEW BLVD SUFFOLK VA 23435 28000 UP CENTER 580 EAST MAIN STREET SUITE 400 NORFOLK VA 23510 8296 VIRGINIA LEGAL AID SOCIETY 513 CHURCH ST LYNCHBURG VA 24504 15000 WESTERN TIDEWATER FREE CLINIC 2019 MEADE PARKWAY SUFFOLK VA 23434 48700 WILLIAMSBURG CHRISTIAN ACADEMY 101 SCHOOLHOUSE LANE WILLIAMSBURG VA 23188 10000 YMCA OF SOUTH HAMPTON ROADS 2769 GODWIN BLVD SUFFOLK VA 23434 24500 YOUTH READINESS INC 6720 BURBAGE LANDING CIRCLE SUFFOLK VA 23435 6000 COLLEGE SCHOLARSHIPS 21 82950 X 2 47276 false false false 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.