Hugh D And Julie H Sullivan Family Foundation
- Assets
- $69.1k
- Revenue
- $63.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Boca Grande, FL
- Founding
- 06/2007
- Data as of
- 12/2022
- EIN
- 13-7553616
Organization Overview
Hugh D And Julie H Sullivan Family Foundation is located in Boca Grande, FL. The organization was established in 2007. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Hugh D And Julie H Sullivan Family 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 12/2022, Hugh D And Julie H Sullivan Family Foundation generated $63.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (22.8%) each year. All expenses for the organization totaled $250.3k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Hugh D And Julie H Sullivan Family Foundation has awarded 42 individual grants totaling $847,883. 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
THE HUGH D. AND JULIE H. SULLIVAN FAMILY FOUNDATION IS ORGANIZED AND OPERATED FOR THE SOLE PURPOSE OF MAKING CASH CONTRIBUTIONS TO QUALIFYING PUBLIC CHARITIES.
FOUNDATION DOES NOT ENGAGE IN ANY OTHER DIRECT CHARITABLE ACTIVITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Hugh D Sullivan Trustee | 0 | $0 | |
Julie H Sullivan Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $88,025 |
| Interest on Savings | $1,284 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$25,567 |
| Capital Gain Net Income | $135,214 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $63,742 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $3,479 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $6,347 |
| Contributions, gifts, grants paid | $243,912 |
| Total expenses and disbursements | $250,259 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $69,093 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $69,093 |
| 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 | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Hugh D And Julie H Sullivan Family Foundation has awarded $243,912 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
GICIA PURPOSE: GENERAL PURPOSE | $5,000 |
ROUNDUP RIVER RANCH PURPOSE: GENERAL PURPOSE | $201,287 |
WALLOON ORG PURPOSE: GENERAL PURPOSE | $5,000 |
PLEDGELING FOUNDATION PURPOSE: GENERAL PURPOSE | $525 |
JDRF INTERNATIONAL PURPOSE: GENERAL PURPOSE | $1,000 |
BISSELL PET FOUNDATION PURPOSE: GENERAL PURPOSE | $1,000 |