Sullivan Family Fund
- Assets
- $1.2m
- Revenue
- $5.7k
- Investments
- $1.1m
- Employees
- 0
- Location
- West Palm Beach, FL
- Founding
- 07/1987
- Data as of
- 12/2022
- EIN
- 34-1537311
Organization Overview
Sullivan Family Fund is located in West Palm Beach, FL. The organization was established in 1987. 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. Sullivan Family 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 12/2022, Sullivan Family Fund generated $5.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (35.2%) each year. All expenses for the organization totaled $262.8k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Sullivan Family Fund has awarded 672 individual grants totaling $2,259,394. 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
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joseph D Sullivan Trustee | 5 | $0 | |
Sandra H Sullivan Trustee | 5 | $0 | |
Joseph D Sullivan Jr Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $29,555 |
| Interest on Savings | $240 |
| Dividends & Interest | $18,868 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$42,970 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $5,693 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,160 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $10,968 |
| Total operating and administrative expenses | $12,128 |
| Contributions, gifts, grants paid | $250,657 |
| Total expenses and disbursements | $262,785 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $94,003 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $20,692 |
| 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 | $1,190,538 |
| Accounts payable and accrued expenses | $29,502 |
| 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 | $29,502 |
Grants Awarded
Over the last fiscal year, Sullivan Family Fund has awarded $250,657 in support to 83 organizations.
| Grant Recipient | Amount |
|---|---|
ACHIEVE TAHOE PURPOSE: GENERAL | $8,033 |
AMERICAN FOREIGN POLICY COUNCIL PURPOSE: GENERAL | $1,000 |
ARCH ST MEETING HOUSE PRESERVATION TRUST PURPOSE: GENERAL | $200 |
BECK CENTER OF ARTS PURPOSE: GENERAL | $250 |
BQEF PURPOSE: GENERAL | $400 |
CASE WESTERN RESERVE UNIVERSITY PURPOSE: GENERAL | $300 |