John V and Teri L Sutton Jr Private
John V and Teri L Sutton Jr Private is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, 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 grants totaling $6K. Net investment income was $2K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$722K
-3.6% YoY
Annual Giving
$6K
-64.7% YoY
Grant Count
1
-80.0% YoY
Avg Grant Size
$6K
+76.5% YoY
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.
About John V and Teri L Sutton Jr Private
Based on IRS filings
John V and Teri L Sutton Jr Private is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, 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 grants totaling $6K. Net investment income was $2K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $721,744 | $748,660 | $765,979 |
| Revenue | $-20,139 | $606 | $225 |
| Expenses | $6,777 | $17,925 | $13,942 |
| Qualifying Distributions | $6,000 | $17,000 | $11,600 |
| Net Investment Income | $2,469 | $606 | $225 |
| Distributable Amount | $4,214 | $4,835 | $5,762 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 1 recipients in 2024
Grant Size Distribution
18 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Freedom Christian ($6,000).
| Recipient | Purpose | Amount |
|---|---|---|
| FREEDOM CHRISTIAN FAYETTEVILLE, NC | EDUCATION | $6,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| J MATT SUTTON | DIRECTOR/SEC | 1 | — |
| PATTI HUGHES | BOARD MEMBER | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is John V and Teri L Sutton Jr Private?
John V and Teri L Sutton Jr Private is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in OCEAN ISLE BEACH, NC. It holds $722K in total assets as of 2024.
How large is John V and Teri L Sutton Jr Private?
As of 2024, John V and Teri L Sutton Jr Private holds $722K in total assets with $-20,139 in annual revenue. It awarded 1 grants totaling $6K in 2024.
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 size grants does John V and Teri L Sutton Jr Private award?
In 2024, John V and Teri L Sutton Jr Private awarded 1 grants totaling $6K — an average of about $6K per grant, based on its IRS Form 990 filings.
How much is John V and Teri L Sutton Jr Private required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, John V and Teri L Sutton Jr Private reported a distributable amount of $4K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
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.
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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