Robert Emmett Sullivan & Bessie May Sullivan Charitable Trust
- Assets
- $2.8m
- Revenue
- $166.2k
- Investments
- $2.8m
- Employees
- 0
- Location
- Rockford, IL
- Founding
- 04/1981
- Data as of
- 06/2022
- 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 06/2022, Robert Emmett Sullivan & Bessie May Sullivan Charitable Trust generated $166.2k in total revenue. The organization has seen a slow decline revenue. Over the past 5 years, revenues have fallen by an average of (0.9%) each year. All expenses for the organization totaled $179.0k during the year ending 06/2022. 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 15 individual grants totaling $371,065. 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
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 | $11 |
| Dividends & Interest | $62,565 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $103,125 |
| Capital Gain Net Income | $103,125 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $538 |
| Total Revenue | $166,239 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $27,125 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $4,532 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $32,182 |
| Contributions, gifts, grants paid | $146,792 |
| Total expenses and disbursements | $178,974 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $66,777 |
| 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 | $2,817,414 |
| 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 $146,792 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
SALVATION ARMY PURPOSE: PROVIDE ASSISTANCE TO | $36,698 |
Belvidere, IL PURPOSE: DEVELOP CHRISTIAN VALUES | $36,698 |
TRUSTEES OF IDA PUBLIC LIBRARY PURPOSE: ENRICH INDIVIDUAL LIVES BY | $36,698 |
Belvidere, IL PURPOSE: GIVE PUBLIC ABILITY TO VIEW | $29,358 |
Belvidere, IL PURPOSE: PROVIDING BURIAL SERVICES | $7,340 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Herschend Family Entertainment Corporation Beneficiary Trust Branson, MO | $4,577,294 | $15,681,690 |
Allergan Foundation North Chicago, IL | $0 | $22,638,597 |
The Global Orphan Project Inc Kansas City, MO | $12,087,754 | $16,385,536 |
W N Reynolds Residuary Tr Nect Chicago, IL | $153,008,234 | $7,259,404 |
William F Vilas Estate Oregon, WI | $133,759,429 | $14,905,447 |
Src Benefit Programs Trust Springfield, MO | $118,089 | $9,937,850 |
Audrey E & Donald L Hutt Tr 283 Chicago, IL | $19,533,735 | $12,080,033 |
Lawyers Trust Fund Of Illinois Chicago, IL | $23,693,587 | $13,676,265 |
William H Miner Foundation Chicago, IL | $135,785,081 | $12,025,973 |
Frederick Henry Prince Testamentary Trust Chicago, IL | $125,717,434 | $17,884,796 |
Bluhm Family Charitable Foundation Chicago, IL | $0 | $104,878 |
Yung Family Foundation The Crestview Hills, KY | $4,438,622 | $34,262 |