Virginia · Nonprofit
SUFFOLK FESTIVALS INC
SUFFOLK FESTIVALS INC (Virginia) receives grants from 3 organizations whose IRS filings report $20,250 to it, the largest being HORMEL FOODS CORPORATION CHARITABLE TRUST ($10,000). 0 of them have funded it in more than one year.
- Revenue FY2024
- $621k
- Funders on record
- 3
- Grants received
- $20k
- Net assets
- $448k
What Suffolk Festivals Inc does
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.
As stated on its FY2024 Form 990.
Program
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.
$378,799 spent100% of program spending
The program described on its FY2024 Form 990. Program spending in total: $378,799.
The organization over time
Each line starts at 100 in 2017, so what you read is the shape rather than the size: 150 means half as much again as 2017, 50 means half. The number beside each label in the key is where it ended.
Balance sheet
Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2021 to 2022, from $131k to $258k (+98%).
How it's funded, over time
Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.
Surplus & reserves
Operating surplus or deficit each year, and months of liquidity in hand. 1 of the last 8 reported years ran a deficit.
reserve
Leadership and staff
The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.
Who funds it, year by year
2022 → 2023: the base narrowed from 2 funders to 1 funder, grant income fell $10k → $10k.
From the IRS filings of SUFFOLK FESTIVALS INC’s funders (the co-funder graph). Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
How concentrated its funding is
SUFFOLK FESTIVALS INC leans on a few funders — its largest provides 49% of grant income and the top three 100%; half comes from just 2 funders.
the vertical line marks half of all grant income — 2 funders to its left
Largest funder’s share by year: 2022 98% · 2023 100% — growing more concentrated.
“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
Where its funders are
51% of SUFFOLK FESTIVALS INC's grant income comes from Virginia funders.
In-state vs out-of-state, by year
Funder states come from each funder’s own filing. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
Organizations like SUFFOLK FESTIVALS INC
Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.
In Virginia
Nationally
Read directly from this organization’s own Form 990, as neutral context.
Where the money goes
76% of spending goes to programs.
Governance
Public support
99%
Share of support from the public (Schedule A) — the basis for its public-charity status.
Screen this organization
A dated, signed PDF of the compliance screen for SUFFOLK FESTIVALS INC: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.
Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf
Questions and answers
- Who funds SUFFOLK FESTIVALS INC?
- SUFFOLK FESTIVALS INC (Virginia) receives grants from 3 organizations whose IRS filings report $20,250 to it, the largest being HORMEL FOODS CORPORATION CHARITABLE TRUST ($10,000). 0 of them have funded it in more than one year.
- How many funders does SUFFOLK FESTIVALS INC have?
- IRS filings report 3 organizations giving $20,250 in grants to SUFFOLK FESTIVALS INC.
- Who is the largest funder of SUFFOLK FESTIVALS INC?
- HORMEL FOODS CORPORATION CHARITABLE TRUST is the largest funder on record, with $10,000 in grants. The full list of funders is on this page.
- How can an organization like SUFFOLK FESTIVALS INC find more funders?
- Start with the funders already giving here, then look at the foundations that back similar organizations in Virginia. The funding by cause and by state pages list the largest funders for a given area and how to approach them.
Play a game about who funds Suffolk Festivals →
These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2024 (financials across 2017–2024), and the filings of 3 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 14, 2026. What this page cannot tell you · view filing