Robert Emmett Sullivan & Bessie May Sullivan Charitable Trust
- Assets
- $2.6m
- Revenue
- $41.0k
- Investments
- $2.5m
- Employees
- 0
- Location
- Rockford, IL
- Founding
- 04/1981
- Data as of
- 06/2024
- EIN
- 36-6727972
Organization Overview
Robert Emmett Sullivan & Bessie May Sullivan Charitable Trust is located in Rockford, IL. The organization was established in 1981. According to its NTEE Classification (T90) the organization is classified as: Named Trusts N.E.C., 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. Robert Emmett Sullivan & Bessie May Sullivan Charitable Trust 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 06/2024, Robert Emmett Sullivan & Bessie May Sullivan Charitable Trust generated $41.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (17.6%) each year. All expenses for the organization totaled $127.7k during the year ending 06/2024. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Robert Emmett Sullivan & Bessie May Sullivan Charitable Trust has awarded 25 individual grants totaling $640,120. 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
2024
Describe the Organization's Program Activity:
Part 3 - Line 4a
TRUSTEES OF IDA PUBLIC LIBRARY
BELVIDERE FAMILY YMCA ATTN: JEN JACKY
SALVATION ARMY C/O JAMES R COX
BOONE COUNTY HISTORICAL SOCIETY
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $74,762 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$33,760 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $41,002 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $24,213 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,957 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $26,690 |
| Contributions, gifts, grants paid | $101,055 |
| Total expenses and disbursements | $127,745 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $121,960 |
| 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 | $2,642,289 |
| 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, Robert Emmett Sullivan & Bessie May Sullivan Charitable Trust has awarded $101,055 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
BOONE COUNTY HISTORICAL SOCIETY PURPOSE: GIVE PUBLIC ABILITY TO VIEW | $20,949 |
CEMETERY ASSOCIATION OF BELVIDERE PURPOSE: PROVIDING BURIAL SERVICES | $5,237 |
BELVIDERE FAMILY YMCA PURPOSE: DEVELOP CHRISTIAN VALUES | $22,497 |
TRUSTEES OF IDA PUBLIC LIBRARY PURPOSE: ENRICH INDIVIDUAL LIVES BY | $26,186 |
SALVATION ARMY PURPOSE: PROVIDE ASSISTANCE TO | $26,186 |