Declan Drumm Sullivan Memorial Fund
- Assets
- $790.2k
- Revenue
- $670.8k
- Investments
- $0.0
- Employees
- 1
- Location
- Long Grove, IL
- Founding
- 10/2011
- Data as of
- 06/2023
- EIN
- 27-6886934
Organization Overview
Declan Drumm Sullivan Memorial Fund is located in Long Grove, IL. The organization was established in 2011. According to its NTEE Classification (T30) the organization is classified as: Public 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. Declan Drumm Sullivan Memorial Fund 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 06/2023, Declan Drumm Sullivan Memorial Fund generated $670.8k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (1.4%) each year. All expenses for the organization totaled $737.7k during the year ending 06/2023. As we would expect to see with falling revenues, expenses have declined by (0.6%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Declan Drumm Sullivan Memorial Fund has awarded 60 individual grants totaling $4,358,462. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
RAISE MONEY AND DONATE FOR CHARITY
Describe the Organization's Program Activity:
Part 3 - Line 4a
HONOR ONE LIFE. IMPACT HUNDREDS. THE ORGANIZATION HELPS DESERVING CHILDREN BENEFIT FROM OPPORTUNITIES THAT ALLOW THEM TO MEET THEIR GREATEST POTENTIAL THROUGH HORIZONS FOR YOUTH AND SIMILAR TYPE ORGANIZATIONS.
RAISE MONEY AND DONATE FOR CHARITY
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 |
|---|---|---|---|
Barry J Sullivan Trustee | Trustee | 40 | $60,000 |
Alison J Drumm Trustee | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $800,921 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $8,397 |
| Noncash contributions included in lines 1a–1f | $23,239 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $809,318 |
| Total Program Service Revenue | $0 |
| Investment income | $9,476 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$148,029 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $670,765 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $604,439 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $60,000 |
| Compensation of current officers, directors, key employees. | $60,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $4,590 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,139 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $61,820 |
| Advertising and promotion | $0 |
| Office expenses | $714 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $737,702 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $42,513 |
| Savings and temporary cash investments | $20,045 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $5,000 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $722,652 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $790,210 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $5,000 |
| Total liabilities | $5,000 |
| Net assets without donor restrictions | $785,210 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $790,210 |
Grants Awarded
Over the last fiscal year, Declan Drumm Sullivan Memorial Fund has awarded $596,939 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
NOTRE DAME CLUB OF LAKE COUNTY PURPOSE: DONATION | $7,500 |
ST MARY SCHOOL PURPOSE: DONATION | $7,500 |
HORIZONS FOR YOUTH PURPOSE: DONATION | $581,939 |