Osullivan Foundation Tr 122299
- Assets
- $22.1m
- Revenue
- $5.0m
- Investments
- $21.2m
- Employees
- 0
- Location
- Albany, NY
- Founding
- 12/2000
- Data as of
- 12/2022
- EIN
- 06-6487034
Organization Overview
Osullivan Foundation Tr 122299 is located in Albany, NY. The organization was established in 2000. According to its NTEE Classification (T22) the organization is classified as: Private Independent Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Osullivan Foundation Tr 122299 is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Osullivan Foundation Tr 122299 generated $5.0m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 9.7% each year. All expenses for the organization totaled $969.5k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
NONE
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sean M O'sullivan Trustee | 1 | $0 | |
Marie T O'sullivan Trustee | 1 | $0 | |
Anne S O'sullivan Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $73 |
| Dividends & Interest | $77,439 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $5,283,377 |
| Capital Gain Net Income | $5,283,377 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$354,713 |
| Total Revenue | $5,006,176 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $4,218 |
| Taxes | $80,000 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $648 |
| Total operating and administrative expenses | $85,866 |
| Contributions, gifts, grants paid | $883,658 |
| Total expenses and disbursements | $969,524 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $20,927,072 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $920,000 |
| Total assets | $22,078,815 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $722,012 |
| Total liabilities | $722,012 |
Grants Awarded
Over the last fiscal year, Osullivan Foundation Tr 122299 has awarded $1,967,952 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
SEE ATTACHED LIST PURPOSE: GENERAL CHARITABLE PURPOSES | $1,949,718 |
COMMUNITY HEATH & WELLNESS PURPOSE: GENERAL PURPOSES | $18,234 |