Nonprofit · EIN 54-1338401
SUFFOLK FESTIVALS INC
Tax-exempt · SUFFOLK, VA 23439
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $621,113 | $500,947 | $120,166 | $448,402 | $0 | $448,402 |
| December 31, 2023 | 990 | $556,385 | $486,500 | $69,885 | $328,236 | $0 | $328,236 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $108,774
- Program service revenue
- $499,979
- Investment income
- $12,360
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $0
- Other salaries and wages
- $69,386
- Salaries, compensation and benefits (total)
- $75,131
- Professional fundraising fees
- $0
- Legal fees
- $25
- Program services (functional)
- $378,799
- Management and general (functional)
- $122,148
Balance sheet and other
- Total assets, start of year
- $328,236
- Total assets, end of year
- $448,402
- Total liabilities, end of year
- $0
- Net assets, end of year
- $448,402
- Net assets without donor restrictions
- $448,402
- Gross receipts
- $621,113
- Employees
- 2
- 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, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| BILLY COOPER | Director Trustee or director | 1 | $0 |
| Theresa Earles | Director Trustee or director | 1 | $0 |
| FREDDIE GARDNER | Director Trustee or director | 1 | $0 |
| LINDA COOPER | Director Trustee or director | 1 | $0 |
| Jimmy Bryant | Director Trustee or director | 1 | $0 |
| Jesse J Johnson Jr | Director Trustee or director | 1 | $0 |
| Mark Furlo | Director Trustee or director | 1 | $0 |
| Kathy Winslow | Director Trustee or director | 1 | $0 |
| WAYNE BOYCE | Director Trustee or director | 1 | $0 |
| SCOTT WIGGINS | Director Trustee or director | 1 | $0 |
| William D Wyatt Sr | President Officer | 2 | $0 |
| Thomas C Andrews Jr | Vice President Officer | 2 | $0 |
| W Randolph Carter Jr | Secretary Officer | 1 | $0 |
| SUMMER MAGEE | Treasurer Officer | 2 | $0 |
990 for the year ended December 31, 2023: 16 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| BILLY COOPER | Director Trustee or director | 0 | $0 |
| Theresa Earles | Director Trustee or director | 1 | $0 |
| FREDDIE GARDNER | Director Trustee or director | 0 | $0 |
| SUMMER MAGEE | Director Trustee or director | 0 | $0 |
| LINDA COOPER | Director Trustee or director | 1 | $0 |
| Jimmy Bryant | Director Trustee or director | 0 | $0 |
| AL MOOR | Director Trustee or director | 0 | $0 |
| Darden Langston | Director Trustee or director | 0 | $0 |
| Jesse J Johnson Jr | Director Trustee or director | 0 | $0 |
| Mark Furlo | Director Trustee or director | 1 | $0 |
| Kathy Winslow | Director Trustee or director | 0 | $0 |
| SCOTT WIGGINS | Director Trustee or director | 0 | $0 |
| William D Wyatt Sr | President Officer | 2 | $0 |
| Thomas C Andrews Jr | Vice President Officer | 2 | $0 |
| W Randolph Carter Jr | Secretary Officer | 1 | $0 |
| WAYNE BOYCE | Treasurer Officer | 2 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 1852, SUFFOLK, VA 23439-1852
- In care of
- % LINDA STEVENS
- Signed the 990
- SUMMER MAGEE, Treasurer
- Phone
- (757) 539-6751
- Website
- www.Suffolkfest.org
- Return prepared by
- BOYCE SPADY & MOORE PLC
Mission
To advance and promote the civic betterment and general welfare of the City of Suffolk and exploit the natural resources and opportunities of the community, its trade and commerce, and its educational life, by providing recreation and entertainment for all and by enhancing the quality of life of its people; To advance the commercial, economic, social, cultural and athletic interests within the community; To create a spirit of goodwill and friendliness among the people of this community and those living elsewhere in the state and nation, and to expand commercial, economic and social relationships in the general trade area of the community; To provide programs of common interest for the people of the community; To promote, produce and stage such events and attractions as shall appeal to the community and shall attract guests and visitors thereto.
Program accomplishments
- Each Year as many as 300 volunteers work together tirelessly to present the citizens of Suffolk, Hampton Roads and beyond and event that honors the City's agriculture heritage and devotion to peanuts, our favorite legumes. Known for its fun family activities, Suffolk Peanut Fest offers concerts, amusement rides, contests and competitions. In addition, hundreds of exhibits are on display that are interesting and in many cases educational.Now in its 47th year, the Suffolk Peanut Fest attracts as many as 125,000 visitors over the four days dedicated to this huge event. With something for every age, the Suffolk Peanut Fest is a place filled with family traditions and a place where memories are made.Expenses $378,799
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 | Check at the IRS |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 54-1338401
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1986
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $388,577
- Income (IRS master file)
- $406,227
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $621,113 | $500,947 | $448,402 | XML |
| 990 | December 2023 | $556,385 | $486,500 | $328,236 | XML |
| 990 | December 2022 | $544,982 | $417,306 | $258,351 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990-EZ | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 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 (search EIN 54-1338401).
Questions about SUFFOLK FESTIVALS INC
- What is the EIN of SUFFOLK FESTIVALS INC?
- The employer identification number (EIN) of SUFFOLK FESTIVALS INC is 54-1338401.
- Is SUFFOLK FESTIVALS INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1986.
- Are donations to SUFFOLK FESTIVALS INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does SUFFOLK FESTIVALS INC 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 FESTIVALS INC 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 FESTIVALS INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who are the officers and directors of SUFFOLK FESTIVALS INC?
- The 990 for the year ended December 31, 2024 lists 14 people; 0 received compensation from the organization.
- How much revenue does SUFFOLK FESTIVALS INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $621,113, expenses of $500,947 and total assets of $448,402 at year end.
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