John V and Teri L Sutton Jr Private
John V and Teri L Sutton Jr Private is a private foundation, based in Ocean Isle Beach, NC. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $722K in total assets. In 2024, it awarded 1 grant totaling $6K. Net investment income was $2K.
John V and Teri L Sutton Jr Private at a glance
In short: John V and Teri L Sutton Jr Private gave $6K across 1 grant in 2024 (avg $6K), mostly in North Carolina. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $6,000
- -64.7% vs 2023
- Grants made (2024)
- 1
- -80.0% vs 2023
- Average grant
- $6,000
- +76.5% vs 2023
- Median grant
- $6,000
- Total assets
- $721,744
- -3.6% vs 2023
- Primary geography
- North Carolina (100% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated September 2026.
Who John V and Teri L Sutton Jr Private funds
How this funder distributes its grants
Top Recipients
Top recipient in 2024
The largest 2024 recipient was Freedom Christian ($6K).
Grant Size Distribution
18 grants across all recorded years
The most common grant size was under $50K: 18 grants of 18 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of the 2024 grant dollars on its one itemized grant.
Cities
How John V and Teri L Sutton Jr Private gives
- Giving fell 74% from 2021 to 2024. Method
- In 2024 it paid out 142% of its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $6K (2024) to $23K (2021). In 2024 it made 1 grant totaling $6K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Freedom Christian Fayetteville, NC | Education | $6,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2024 | $721,744 | $-20,139 | $6,777 | $6,000 | 1 | $6,000 | $2,469 | $4,214 |
| 2023 | $748,660 | $606 | $17,925 | $17,000 | 5 | $17,000 | $606 | $4,835 |
| 2022 | $765,979 | $225 | $13,942 | $11,600 | 5 | $11,600 | $225 | $5,762 |
| 2021 | $779,696 | $653 | $23,230 | $23,114 | 6 | $23,114 | $653 | $6,808 |
| 2020 | $802,273 | $2,667 | $111,005 | $10,000 | 1 | — | $2,667 | $7,583 |
Under IRS private-foundation payout rules, John V and Teri L Sutton Jr Private reported a distributable amount of $4K for 2024 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
John V and Teri L Sutton Jr Private's 2024 filing lists 2 officers; none of the 2 officers listed in 2024 report compensation.
Officers on the 2024 filing
J. Matt Sutton
Director & Secretary
On filings since 2020
1 hr/week
No compensation reported
Patti Hughes
Board Member
On filings since 2020
1 hr/week
No compensation reported
Former officers (1)
- Former: Teri Sutton (2020) — Director
Data from IRS Form 990 filings, 2020–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about John V and Teri L Sutton Jr Private
How much does John V and Teri L Sutton Jr Private give each year?
John V and Teri L Sutton Jr Private gave $6K across 1 grant in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $17K across 5 grants.
How large is John V and Teri L Sutton Jr Private?
John V and Teri L Sutton Jr Private reported $722K in total assets on its 2024 IRS Form 990-PF. It paid out $6K in qualifying distributions that year, against a required minimum of $4K (roughly 5% of its investment assets).
Where does John V and Teri L Sutton Jr Private operate?
John V and Teri L Sutton Jr Private has awarded grants in Maryland, North Carolina, New York, Utah, Virginia.
What is John V and Teri L Sutton Jr Private's EIN?
John V and Teri L Sutton Jr Private's EIN (Employer Identification Number) is 31-1471960. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
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