Albert & Melissa Sutton Foundation Inc
Albert & Melissa Sutton Foundation Inc. faces persistent operating deficits and declining assets.
EIN: 113639224 · Sayreville, NJ · NTEE: T20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $2.0M |
| Total Expenses | $1.0M |
| Program Spending | 70% |
| Net Assets | $3.7M |
| Transparency Score | 45/100 |
Is Albert & Melissa Sutton Foundation Inc Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Albert & Melissa Sutton Foundation Inc directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Albert & Melissa Sutton Foundation Inc
Albert & Melissa Sutton Foundation Inc (EIN: 113639224) is a nonprofit organization based in Sayreville, NJ, classified under NTEE code T20. The organization reported total revenue of $2.0M and total assets of $4.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Albert & Melissa Sutton Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Albert & Melissa Sutton Foundation Inc is a mid-size nonprofit that has been operating for 24 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 7.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $356K |
| Total Expenses | $1.0M |
| Surplus / Deficit | $-670,471 |
| Total Assets | $4.5M |
| Total Liabilities | $812K |
| Net Assets | $3.7M |
| Operating Margin | -188.4% |
| Debt-to-Asset Ratio | 18.1% |
| Months of Reserves | 52.4 months |
Financial Health Grade: B
In 2023, Albert & Melissa Sutton Foundation Inc reported a deficit of $670K with expenses exceeding revenue, holds 52.4 months of operating reserves (strong position), has a debt-to-asset ratio of 18.1% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Albert & Melissa Sutton Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 7.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -1.0% | -2.7% | -13.8% |
| 2022 | +128.0% | +13.8% | -12.4% |
| 2021 | -48.5% | -23.4% | -10.9% |
| 2020 | -28.6% | +0.1% | -11.5% |
| 2019 | -55.2% | +52.9% | -5.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2002 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Albert & Melissa Sutton Foundation Inc with a Mission Score of 45 out of 100 (Fair). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 20%
- programs: 70%
- fundraising: 10%
According to IRS 990 filings, Albert & Melissa Sutton Foundation Inc allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $670K, with expenses exceeding revenue.
- Debt-to-asset ratio: 18.1%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no salaries or other compensation are paid to officers, directors, trustees, or key employees, which is a strong positive for a foundation of this size.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Albert & Melissa Sutton Foundation Inc's IRS 990 filings:
- Consistent and significant operating deficits (e.g., $355,930 revenue vs. $1,026,401 expenses in 2023).
- Steady decline in total assets over the past decade (from $11.4M in 2011 to $4.4M in 2023).
- Increasing liabilities in recent years, reaching $811,999 in 2023, after periods of zero liabilities.
- Revenue figures in individual filings are consistently low relative to expenses, indicating reliance on asset drawdowns.
Strengths
The following positive indicators were identified for Albert & Melissa Sutton Foundation Inc:
- Zero officer compensation reported across all filings, indicating strong financial stewardship in this area.
- Long filing history (10 filings provided) demonstrates consistent compliance with IRS reporting requirements.
Frequently Asked Questions about Albert & Melissa Sutton Foundation Inc
Is Albert & Melissa Sutton Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Albert & Melissa Sutton Foundation Inc (EIN: 113639224) significant concerns. Mission Score: 45/100. 4 red flags identified, 2 strengths noted.
How does Albert & Melissa Sutton Foundation Inc spend its money?
Albert & Melissa Sutton Foundation Inc directs 70% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Albert & Melissa Sutton Foundation Inc tax-deductible?
Albert & Melissa Sutton Foundation Inc is registered as a tax-exempt nonprofit (EIN: 113639224). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Albert & Melissa Sutton Foundation Inc's spending goes to programs?
Albert & Melissa Sutton Foundation Inc directs 70% to programs, 10% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
How does Albert & Melissa Sutton Foundation Inc compare to similar nonprofits?
With a transparency score of 45/100 (Fair), Albert & Melissa Sutton Foundation Inc is near average for NTEE category T20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Albert & Melissa Sutton Foundation Inc located?
Albert & Melissa Sutton Foundation Inc is headquartered in Sayreville, New Jersey and files with the IRS under EIN 113639224. It is classified under NTEE code T20.
How many years of IRS 990 filings does Albert & Melissa Sutton Foundation Inc have?
Albert & Melissa Sutton Foundation Inc has 10 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $2.0M in total revenue.
What is the primary source of the foundation's revenue, given the consistent operating deficits?
The provided data shows annual revenues significantly lower than expenses, suggesting the foundation is primarily drawing down its assets or has other non-recurring income sources not detailed in the summary. For example, in 2023, revenue was $355,930 while expenses were $1,026,401.
How does the foundation plan to address its long-term financial sustainability given the continuous decline in assets?
The foundation's assets have decreased from $11,437,448 in 2011 to $4,485,734 in 2023. This trend, coupled with consistent operating deficits, raises concerns about its ability to sustain operations without a clear strategy for increasing revenue or reducing expenses.
What is the breakdown of program, administrative, and fundraising expenses?
The provided data does not offer a detailed breakdown of expenses into program, administrative, and fundraising categories, making it difficult to assess spending efficiency beyond the overall deficit.
Filing History
IRS 990 filing history for Albert & Melissa Sutton Foundation Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Albert & Melissa Sutton Foundation Inc's revenue has grown by 149.3%, moving from $143K to $356K. Total assets decreased by 60.8% over the same period, from $11.4M to $4.5M. Total functional expenses rose by 53.4%, from $669K to $1.0M. In its most recent filing year (2023), Albert & Melissa Sutton Foundation Inc reported a deficit of $670K, with expenses exceeding revenue. The organization holds $812K in liabilities against $4.5M in assets (debt-to-asset ratio: 18.1%), resulting in net assets of $3.7M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $356K | $1.0M | $4.5M | $812K | — | View 990 |
| 2022 | $360K | $1.1M | $5.2M | $840K | — | View 990 |
| 2021 | $158K | $927K | $5.9M | $922K | — | View 990 |
| 2020 | $306K | $1.2M | $6.7M | $345K | — | View 990 |
| 2019 | $429K | $1.2M | $7.5M | $307K | — | — |
| 2015 | $957K | $790K | $8.0M | $0 | — | View 990 |
| 2014 | $90K | $927K | $7.8M | $0 | — | View 990 |
| 2013 | $52K | $2.0M | $8.6M | $0 | — | View 990 |
| 2012 | $68K | $895K | $10.6M | $0 | — | View 990 |
| 2011 | $143K | $669K | $11.4M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $356K, expenses of $1.0M, and assets of $4.5M (revenue -1.0% year-over-year).
- 2022: Revenue of $360K, expenses of $1.1M, and assets of $5.2M (revenue +128.0% year-over-year).
- 2021: Revenue of $158K, expenses of $927K, and assets of $5.9M (revenue -48.5% year-over-year).
- 2020: Revenue of $306K, expenses of $1.2M, and assets of $6.7M (revenue -28.6% year-over-year).
- 2019: Revenue of $429K, expenses of $1.2M, and assets of $7.5M (revenue -55.2% year-over-year).
- 2015: Revenue of $957K, expenses of $790K, and assets of $8.0M (revenue +958.3% year-over-year).
- 2014: Revenue of $90K, expenses of $927K, and assets of $7.8M (revenue +74.7% year-over-year).
- 2013: Revenue of $52K, expenses of $2.0M, and assets of $8.6M (revenue -24.3% year-over-year).
- 2012: Revenue of $68K, expenses of $895K, and assets of $10.6M (revenue -52.1% year-over-year).
- 2011: Revenue of $143K, expenses of $669K, and assets of $11.4M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Albert & Melissa Sutton Foundation Inc:
Data Sources and Methodology
This transparency report for Albert & Melissa Sutton Foundation Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.