Algernon Sydney Sullivan Foundation
- Assets
- $16.8m
- Revenue
- $1.9m
- Investments
- $16.0m
- Employees
- 0
- Location
- Oxford, MS
- Founding
- 11/1934
- Data as of
- 06/2022
- EIN
- 13-6084596
Organization Overview
Algernon Sydney Sullivan Foundation is located in Oxford, MS. The organization was established in 1934. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Algernon Sydney Sullivan Foundation 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 06/2022, Algernon Sydney Sullivan Foundation generated $1.9m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 70.9% each year . All expenses for the organization totaled $1.4m during the year ending 06/2022. While expenses have increased by 5.8% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Algernon Sydney Sullivan Foundation has awarded 173 individual grants totaling $2,974,985. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONFERENCES, RETREATS, WORKSHOPS AND COURSES HELD FOR SOCIAL ENTREPRENEURSHIP ATTENDED BY APPROXIMATELY 250 INDIVIDUALS.
PUBLICATION OF A MAGAZINE FOR SULLIVAN FOUNDATION ALUMNI WHICH REACHED APPROXIMATELY 7,500 ALUMNI IN THE CURRENT YEAR AND OPPORTUNITIES FOR NETWORKING.
SCHOLARSHIPS FOR STUDENTS AT UNIVERSITIES AND COLLEGES AND OTHER CHARITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stephan L Mcdavid President | 35 | $100,403 | |
Darla Wilkinson Trustee Emeritus | 1 | $0 | |
Perry Wilson Trustee | 1 | $0 | |
David C Farrand Assistant Treasurer | 1 | $0 | |
Elizabeth Verner Trustee | 1 | $0 | |
Thomas S Rankin Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
My Creative Community Llc | 6/29/22 | $72,593 |
Fiducient Advisors | 6/29/22 | $85,822 |
Cred Solutions Pty Ltd | 6/29/22 | $109,500 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $115 |
| Interest on Savings | $14 |
| Dividends & Interest | $438,924 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $532,484 |
| Capital Gain Net Income | $532,484 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $919,029 |
| Total Revenue | $1,890,566 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $100,403 |
| Other employee salaries and wages | $72,174 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $41,756 |
| Depreciation | $0 |
| Occupancy | $11,419 |
| Travel, conferences, and meetings | $117,078 |
| Printing and publications | $6,762 |
| Other expenses | $74,714 |
| Total operating and administrative expenses | $945,556 |
| Contributions, gifts, grants paid | $488,000 |
| Total expenses and disbursements | $1,433,556 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $460,226 |
| Savings and temporary cash investments | $312,070 |
| 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 | $16,003,594 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $16,775,890 |
| Accounts payable and accrued expenses | $3,877 |
| 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 | $0 |
| Total liabilities | $3,877 |
Grants Awarded
Over the last fiscal year, Algernon Sydney Sullivan Foundation has awarded $488,000 in support to 26 organizations.
| Grant Recipient | Amount |
|---|---|
BRENAU COLLEGE PURPOSE: EDUCATIONAL | $20,000 |
Buies Creek, NC PURPOSE: EDUCATIONAL | $20,000 |
Berea, KY PURPOSE: EDUCATIONAL | $20,000 |
ALICE LLOYD COLLEGE PURPOSE: EDUCATIONAL | $20,000 |
Mount Berry, GA PURPOSE: EDUCATIONAL | $20,000 |
Spartanburg, SC PURPOSE: EDUCATIONAL | $20,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Montgomery Community Action Committee Montgomery, AL | $13,253,001 | $19,355,950 |
Total Community Action Inc New Orleans, LA | $98,605,042 | $21,062,110 |
Catholic Charities Of Tennessee Inc Nashville, TN | $6,708,389 | $19,282,106 |
Hinds County Human Resource Agency Jackson, MS | $2,640,686 | $19,218,444 |
Community Service Programs Of West Alabama Inc Tuscaloosa, AL | $11,169,657 | $19,088,639 |
Arkansas Early Learning Inc Jonesboro, AR | $12,519,715 | $17,680,686 |
Southeast Tennessee Human Resource Agency Dunlap, TN | $24,351,699 | $17,068,562 |
Community Services Office Of Hot Springs And Garland County Arkansa Hot Springs, AR | $3,711,408 | $16,980,162 |
Mid-Cumberland Community Action Agency Inc Mount Juliet, TN | $5,482,077 | $16,120,135 |
Quad-Area Community Action Agency Inc Hammond, LA | $5,152,022 | $15,819,906 |
Kingsley House Inc New Orleans, LA | $16,073,292 | $14,602,358 |
Ascension Depaul Services New Orleans, LA | $24,961,878 | $14,067,117 |