Nonprofit · EIN 20-5998525
SUFFOLK FOUNDATION
Tax-exempt · SUFFOLK, VA 23434
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $5,986,360 | $2,056,457 | $3,929,903 | $22,180,844 | $994,612 | $21,186,232 |
| December 31, 2024 | 990 | $7,055,591 | $1,580,367 | $5,475,224 | $17,767,454 | $967,549 | $16,799,905 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $4,741,673
- Program service revenue
- $0
- Investment income
- $1,069,644
- Net gain from sales of assets
- $542,393
- Other revenue
- $175,043
Expenses
- Grants and similar amounts paid
- $1,502,146
- Compensation of officers, directors and key employees
- $99,375
- Other salaries and wages
- $61,756
- Salaries, compensation and benefits (total)
- $178,064
- Professional fundraising fees
- $0
- Accounting fees
- $7,497
- Occupancy
- $13,675
- Depreciation
- $2,848
- Program services (functional)
- $1,966,583
- Management and general (functional)
- $51,575
- Fundraising (functional)
- $38,299
Balance sheet and other
- Total assets, start of year
- $17,767,454
- Total assets, end of year
- $22,180,844
- Total liabilities, end of year
- $994,612
- Net assets, end of year
- $21,186,232
- Land, buildings and equipment
- $19,597
- Publicly traded securities
- $20,458,605
- Net assets without donor restrictions
- $7,683,924
- Net assets with donor restrictions
- $13,502,308
- Gross receipts
- $9,568,678
- Employees
- 3
- Volunteers
- 65
- Year formed
- 2006
- State of legal domicile
- VA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| LORELEI C MORROW | EXECUTIVE DI Trustee or director, Officer | 40 | $99,375 |
| HARRY LEE CROSS III | DIRECTOR Trustee or director | 1 | $0 |
| S CHRIS JONES | DIRECTOR Trustee or director | 1 | $0 |
| VERNON M TOWLER | VICE PRESIDE Trustee or director, Officer | 1 | $0 |
| LEROY BENNETT | SECRETARY Trustee or director, Officer | 1 | $0 |
| JAMES E BUTLER III | DIRECTOR Trustee or director | 1 | $0 |
| TIMOTHY K PALMER | TREASURER Trustee or director, Officer | 1 | $0 |
| CARL L FARRIS JR | DIRECTOR Trustee or director | 1 | $0 |
| LES HALL | DIRECTOR Trustee or director | 1 | $0 |
| O KERMIT HOBBS JR | PRESIDENT Trustee or director, Officer | 10 | $0 |
| DAVID MILES | DIRECTOR Trustee or director | 1 | $0 |
| JACQUELINE OVERTON | DIRECTOR Trustee or director | 1 | $0 |
| DR SHARON A RAGHUBAR | DIRECTOR Trustee or director | 1 | $0 |
| GEORGE BIRDSONG | DIRECTOR Trustee or director | 1 | $0 |
| SHERI ANDERSON | DIRECTOR Trustee or director | 1 | $0 |
7 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JOSEPH N WEBB JR | DIRECTOR Trustee or director | 1 | $0 |
| MARGARET N WILEY | DIRECTOR Trustee or director | 1 | $0 |
| BJ WILLIE | DIRECTOR Trustee or director | 1 | $0 |
| DAVID HOST | DIRECTOR Trustee or director | 1 | $0 |
| MARY HENSLEY | DIRECTOR Trustee or director | 1 | $0 |
| WHITNEY G SAUNDERS | DIRECTOR Trustee or director | 1 | $0 |
| BETSY TOTTEN | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended December 31, 2024: 22 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| LORELEI C MORROW | EXECUTIVE DI Trustee or director, Officer | 40 | $86,452 |
| HARRY LEE CROSS III | PRESIDENT Trustee or director, Officer | 10 | $0 |
| S CHRIS JONES | VICE PRESIDE Trustee or director, Officer | 1 | $0 |
| VERNON M TOWLER | TREASURER Trustee or director, Officer | 1 | $0 |
| LEROY BENNETT | SECRETARY Trustee or director, Officer | 1 | $0 |
| J WAYNE SCOTT | DIRECTOR Trustee or director | 1 | $0 |
| ELIZABETH B TOTTEN | DIRECTOR Trustee or director | 1 | $0 |
| JAMES E BUTLER III | DIRECTOR Trustee or director | 1 | $0 |
| TIMOTHY K PALMER | DIRECTOR Trustee or director | 1 | $0 |
| CARL L FARRIS JR | DIRECTOR Trustee or director | 1 | $0 |
| LES HALL | DIRECTOR Trustee or director | 1 | $0 |
| O KERMIT HOBBS JR | DIRECTOR Trustee or director | 1 | $0 |
| DAVID MILES | DIRECTOR Trustee or director | 1 | $0 |
| JACQUELINE OVERTON | DIRECTOR Trustee or director | 1 | $0 |
| DR SHARON A RAGHUBAR | DIRECTOR Trustee or director | 1 | $0 |
| DEBORAH B RUSSELL | DIRECTOR Trustee or director | 1 | $0 |
| GEORGE BIRDSONG | DIRECTOR Trustee or director | 1 | $0 |
| SHERI ANDERSON | DIRECTOR Trustee or director | 1 | $0 |
| JOSEPH N WEBB JR | DIRECTOR Trustee or director | 1 | $0 |
| MARGARET N WILEY | DIRECTOR Trustee or director | 1 | $0 |
| BJ WILLIE | DIRECTOR Trustee or director | 1 | $0 |
| DAVID HOST | DIRECTOR Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 110 W FINNEY AVE SUITE 100, SUFFOLK, VA 23434-5265
- In care of
- % WHITNEY G SAUNDERS
- Principal officer (990 for 2025)
- O KERMIT HOBBS JR, 110 W FINNEY AVE 100, SUFFOLK, VA 23434
- Signed the 990
- O KERMIT HOBBS JR, PRESIDENT
- Phone
- (757) 923-9090
- Return prepared by
- BARNES BROCK CORNWELL & PAINTER PLC
Mission
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.
Program accomplishments
- IN 2025 THE FOUNDATION AWARDED OVER 1.5 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, 154,958 TO 38 NONPROFITS THROUGH OUR COMMUNITY IMPACT GRANTS, AND OVER 120,750 IN COLLEGE SCHOLARSHIPS.Expenses $1,966,583 · grants $1,502,146
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 20-5998525
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2007
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T31)
- Assets (IRS master file)
- $22,180,844
- Income (IRS master file)
- $9,568,678
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | – | – | – | IRS |
| 990 | December 2024 | – | – | – | IRS |
| 990 | December 2023 | $1,201,852 | $1,126,082 | $12,251,749 | IRS |
| 990 | December 2022 | $1,330,106 | $950,723 | $11,006,379 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | IRS |
990-N: the IRS publishes only the latest e-Postcard per organization; earlier years appear here as 990.tax collects the monthly files. 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS.
Questions about SUFFOLK FOUNDATION
- What is the EIN of SUFFOLK FOUNDATION?
- The employer identification number (EIN) of SUFFOLK FOUNDATION is 20-5998525.
- Is SUFFOLK FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2007.
- Are donations to SUFFOLK FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does SUFFOLK FOUNDATION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of SUFFOLK FOUNDATION due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did SUFFOLK FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of SUFFOLK FOUNDATION?
- The 990 for the year ended December 31, 2025 names O KERMIT HOBBS JR.
- Who are the officers and directors of SUFFOLK FOUNDATION?
- The 990 for the year ended December 31, 2025 lists 22 people; 1 received compensation from the organization, the highest $99,375 (LORELEI C MORROW, EXECUTIVE DI).
- How much revenue does SUFFOLK FOUNDATION have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $5,986,360, expenses of $2,056,457 and total assets of $22,180,844 at year end.
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