Suffolk Foundation

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Suffolk Foundation Form 990, Revenue, CEO Pay, and IRS Filing Signals

Suffolk Foundation is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around Suffolk Foundation in one place.

Is Suffolk Foundation Legit?

Appears Legitimate

Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →

IRS 990 Data Cockpit

Where the Money Comes From and Where It Goes

Across stored filings, Suffolk Foundation shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.

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Suffolk Foundation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.

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.

Organization Overview

Suffolk Foundation is a large nonprofit that has been operating for 19 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 10.4%.

Key Financial Metrics (2023)

From the most recent IRS 990 filing on record:

Financial Health Grade: A

In 2023, Suffolk Foundation reported a surplus of $76K with revenue exceeding expenses, holds 130.6 months of operating reserves (strong position), has a debt-to-asset ratio of 7.7% (very low leverage).

Financial Trends

Over 13 years of filings (2011–2023), Suffolk Foundation's revenue has grown at a compound annual growth rate (CAGR) of 10.4%.

IRS Tax-Exempt Classification

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 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.

Key Financial Metrics (2023)

From the most recent IRS 990 filing on record:

• The organization reported a surplus of $76K, with revenue exceeding expenses.
• Debt-to-asset ratio: 7.7%.

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

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-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.

View Individual Filing Years

Explore detailed financial data from each IRS 990 filing year for Suffolk Foundation:

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.