The Sullivan University System Foundation Inc
- Assets
- $252.0k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Louisville, KY
- Founding
- 04/2004
- Data as of
- 12/2020
- EIN
- 33-1009808
Organization Overview
The Sullivan University System Foundation Inc is located in Louisville, KY. The organization was established in 2004. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sullivan University System Foundation Inc 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 12/2020, Sullivan University System Foundation Inc generated $97.2k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 8.7% each year. All expenses for the organization totaled $97.0k during the year ending 12/2020. While expenses have increased by 4.5% per year over the past 6 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.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2020
Describe the Organization's Program Activity:
Part 3
TO PROVIDE SCHOLARSHIP ASSISTANCE TO QUALIFIED STUDENTS PURSUING UNDERGRADUATE OR GRADUATE DEGREE PROGRAMS AT ANY DIVISION OF THE SULLIVAN UNIVERSITY SYSTEM, INC. ACADEMIC ABILITY AND FINANCIAL NEED ARE CONSIDERED ALONG WITH A STRONG PREFERENCE TO ECONOMICALLY DISADVANTAGED AND MINORITY APPLICANTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Patrick Mcmurray Director | 0.5 | $0 | |
A R Sullivan President | 0.5 | $0 | |
Glenn D Sullivan Director | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $96,742 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $409 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $97,151 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $0 |
| Total expenses | $96,977 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $251,981 |
| Other assets | $0 |
| Total assets | $251,981 |
| Total liabilities | $0 |
| Net assets or fund balances | $251,981 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that The Sullivan University System Foundation Inc has recieved totaling $15,000.
| Awarding Organization | Amount |
|---|---|
The Community Foundation Of Louisville Inc Louisville, KY PURPOSE: EDUCATION | $15,000 |
Peer Organizations
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|---|---|---|
AbbVie Employee Assistance Fund Inc North Chicago, IL | $0 | $8,759,468 |
Golf Club Of Tennessee Kingston Springs, TN | $25,072,540 | $8,179,428 |
Scholarship Foundation Of St Louis St Louis, MO | $49,025,721 | $11,563,775 |
Alfred I Dupont Awards Foundation Chicago, IL | $0 | $4,985,997 |
Accenture Foundation Inc Chicago, IL | $134,926,823 | $15,596,009 |
National Consortium For Graduate Dgrs Minorities In Engineering Alexandria, VA | $15,486,907 | $10,356,249 |
Rooted Alliance Inc Chicago, IL | $2,335,555 | $4,487,602 |
Cleveland Avenue Foundation For Education Group Chicago, IL | $12,236,345 | $15,309,295 |
Western Illinois Regional Council Community Action Agency Macomb, IL | $2,081,443 | $6,378,655 |
Catholic Education Foundation Inc Louisville, KY | $34,954,329 | $8,681,774 |
Guaranteed Rate Foundation Nfp Chicago, IL | $1,798,790 | $5,812,096 |
Bill And Carol Latimer Charitable Foundation Union City, TN | $129,837,485 | $34,799,223 |