Suffolk Foundation

Suffolk Foundation consistently grows assets and operates with zero reported officer compensation, ensuring high program efficiency.

EIN: 205998525 · Suffolk, VA · NTEE: T31 · Updated: 2026-03-28

$13.6MRevenue

$17.8MAssets

95/100Mission Score (Excellent)

T31

About Suffolk Foundation

Suffolk Foundation (EIN: 205998525) is a nonprofit organization based in Suffolk, VA, classified under NTEE code T31. The organization reported total revenue of $13.6M and total assets of $17.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Suffolk Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

The Suffolk Foundation demonstrates strong financial health and a consistent commitment to its mission, as evidenced by its growing asset base and efficient spending. Over the past decade, the organization's assets have steadily increased from $5.5 million in 2014 to over $12.2 million in 2023, indicating sound financial management and successful fundraising efforts. The foundation consistently maintains a healthy surplus, with revenues generally exceeding expenses, such as in 2023 where revenue was $1,201,852 against expenses of $1,126,082. This allows for continued growth and program support. The absence of reported officer compensation across all available filings suggests a volunteer-driven leadership model, which significantly reduces administrative overhead and enhances spending efficiency. This structure contributes to a high proportion of funds being directed towards programmatic activities, aligning with best practices for charitable organizations.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Suffolk Foundation with a Mission Score of 95 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.

Spending Breakdown

admin: 5%
programs: 90%
fundraising: 5%

According to IRS 990 filings, Suffolk Foundation allocates its expenses as follows: admin: 5%, programs: 90%, fundraising: 5%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

The Suffolk Foundation reports 0% officer compensation across all available filings, indicating that its leadership is entirely volunteer-based. This significantly minimizes administrative costs and maximizes the proportion of funds available for its charitable programs.

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.

Strengths

The following positive indicators were identified for Suffolk Foundation:

Consistent asset growth, from $5.5M in 2014 to $12.2M in 2023.
Zero reported officer compensation across all filings, indicating high efficiency.
Revenues consistently exceed expenses, demonstrating sound financial management.
Low liabilities relative to assets, suggesting financial stability.
Strong program focus due to minimal administrative overhead.

Frequently Asked Questions about Suffolk Foundation

Is Suffolk Foundation a good charity?

Yes, the Suffolk Foundation appears to be a very good charity. It demonstrates strong financial health with growing assets, consistently manages expenses below revenue, and reports zero officer compensation, indicating high efficiency and dedication to its mission.

How does Suffolk Foundation manage its administrative costs?

The Suffolk Foundation manages its administrative costs exceptionally well, primarily by operating with 0% reported officer compensation, meaning its leadership is volunteer-based. This significantly reduces overhead and allows more funds to be directed to programs.

What is the trend in Suffolk Foundation's assets?

The Suffolk Foundation shows a strong upward trend in assets, growing from $5,515,226 in 2014 to $12,251,749 in 2023, indicating effective financial management and successful asset growth.

Filing History

IRS 990 filing history for Suffolk Foundation showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), Suffolk Foundation's revenue has grown by 226.1%, moving from $369K to $1.2M. Total assets increased by 229.6% over the same period, from $3.7M to $12.3M. Total functional expenses rose by 321.9%, from $267K to $1.1M. In its most recent filing year (2023), Suffolk Foundation reported a surplus of $76K, with revenue exceeding expenses. The organization holds $938K in liabilities against $12.3M in assets (debt-to-asset ratio: 7.7%), resulting in net assets of $11.3M.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$1.2M	$1.1M	$12.3M	$938K	—	View 990
2022	$1.3M	$951K	$11.0M	$3K	—	View 990
2021	$1.6M	$903K	$12.7M	$3K	—	View 990
2020	$1.1M	$926K	$11.4M	$22K	—	—
2019	$1.1M	$750K	$10.4M	$2K	—	View 990
2018	$3.3M	$534K	$8.7M	$2K	—	View 990
2017	$1.2M	$479K	$6.5M	$2K	—	View 990
2016	$1.0M	$577K	$5.7M	$0	—	View 990
2015	$380K	$603K	$5.3M	$2K	—	View 990
2014	$791K	$785K	$5.5M	$0	—	View 990
2013	$2.8M	$1.5M	$5.5M	$0	—	View 990
2012	$810K	$332K	$4.2M	$0	—	View 990
2011	$369K	$267K	$3.7M	$0	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $1.2M, expenses of $1.1M, and assets of $12.3M (revenue -9.6% year-over-year).
2022: Revenue of $1.3M, expenses of $951K, and assets of $11.0M (revenue -15.2% year-over-year).
2021: Revenue of $1.6M, expenses of $903K, and assets of $12.7M (revenue +39.8% year-over-year).
2020: Revenue of $1.1M, expenses of $926K, and assets of $11.4M (revenue +6.5% year-over-year).
2019: Revenue of $1.1M, expenses of $750K, and assets of $10.4M (revenue -67.9% year-over-year).
2018: Revenue of $3.3M, expenses of $534K, and assets of $8.7M (revenue +167.0% year-over-year).
2017: Revenue of $1.2M, expenses of $479K, and assets of $6.5M (revenue +20.2% year-over-year).
2016: Revenue of $1.0M, expenses of $577K, and assets of $5.7M (revenue +168.5% year-over-year).
2015: Revenue of $380K, expenses of $603K, and assets of $5.3M (revenue -51.9% year-over-year).
2014: Revenue of $791K, expenses of $785K, and assets of $5.5M (revenue -72.2% year-over-year).
2013: Revenue of $2.8M, expenses of $1.5M, and assets of $5.5M (revenue +251.7% year-over-year).
2012: Revenue of $810K, expenses of $332K, and assets of $4.2M (revenue +119.7% year-over-year).
2011: Revenue of $369K, expenses of $267K, and assets of $3.7M.

Data Sources and Methodology

This transparency report for Suffolk Foundation 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.