Paul And Karen Sullivan Family Charitable Foundation
- Assets
- $917.2k
- Revenue
- $752.5k
- Investments
- $74.1k
- Employees
- 0
- Location
- Kailua, HI
- Founding
- 03/2013
- Data as of
- 12/2020
- EIN
- 45-6965012
Organization Overview
Paul And Karen Sullivan Family Charitable Foundation is located in Kailua, HI. The organization was established in 2013. 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. Paul And Karen Sullivan Family Charitable Foundation 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, Paul And Karen Sullivan Family Charitable Foundation generated $752.5k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 40.0% each year . All expenses for the organization totaled $24.7k during the year ending 12/2020. While expenses have increased by 1.0% 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.
Since 2015, Paul And Karen Sullivan Family Charitable Foundation has awarded 49 individual grants totaling $214,600. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Paul D Sullivan Co-Trustee | 1 | $0 | |
Karen L Sullivan Co-Trustee | 1 | $0 | |
Tom Sullivan Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $39,304 |
| Interest on Savings | $60 |
| Dividends & Interest | $715 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $712,417 |
| Capital Gain Net Income | $712,417 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $752,496 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $1,231 |
| Contributions, gifts, grants paid | $23,500 |
| Total expenses and disbursements | $24,731 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $843,174 |
| 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 | $74,066 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $917,240 |
| 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, Paul And Karen Sullivan Family Charitable Foundation has awarded $33,600 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
Honolulu, HI PURPOSE: LAW SCHOOL ENDOWMENT FUND | $20,000 |
Buffalo, NY PURPOSE: TO ASSIST IN PROVIDING SERVICES TO MEMBERS OF LOCAL LAW ENFORCEMENT, FIRE AND EMERGENCY MEDICAL SERVICE AGENCIES AND THEIR FAMILIES. | $5,000 |
ALOHA TREE ALLIANCE PURPOSE: TO SUPPORT THE FIGHT AGAINST FOREST DEGRADATION AND CLIMATE CHANGE TO HELPING RESTORE NATIVE ECOSYSTEMS AND BUILDING THE NEXT GENERATION OF YOUNG TREE STEWARDS ON AND OFF CAMPUSES ACROSS OAHU. | $5,000 |
Baltimore, MD PURPOSE: TO SUPPORT GEM (GIRLS' EMPOWERMENT MISSION) PROGRAM WHICH IS DEDICATED TO IMPACTING THE LIVES OF ECONOMICALLY DISADVANTAGED GIRLS WHO HAVE LIMITED ACCESS TO PERSONAL ENRICHMENT OR HIGHER EDUCATION ASSISTANCE. | $1,600 |
Washington, DC PURPOSE: HELPING HOMELESS FAMILIES BECOME INDEPENDENT, FINANCIALLY SELF-SUFFICIENT MEMBERS OF THE COMMUNITY. PROGRAM HELPS EACH FAMILY TO STABILIZE ITS HOUSING AND FINANCIAL SITUATION, TO SET APPROPRIATE EDUCATIONAL AND JOB GOALS FOR EVERY MEMBER OF THE FAMILY, AND TO HELP EACH FAMILY MEMBER MEET THESE GOALS. | $1,000 |
SUSAN G KOMEN 3-DAY PURPOSE: TO SUPPORT FUNDRAISING EFFORTS FOR BREAST CANCER RESEARCH. | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Snap Foundation Santa Monica, CA | $165,494,601 | $537,573 |
John Pritzker Family Fund Redwood City, CA | $7,615,053 | $13,500,772 |
Newton And Rochelle Beckercharitable Trust Larkspur, CA | $179,394,273 | $14,820,252 |
Katie Mcgrath & J J Abrams Family Foundation Encino, CA | $5,090,305 | $12,922,680 |
Chuck Lorre Family Foundation Los Angeles, CA | $141,428,582 | $34,550,743 |
San Francisco Pretrial Diversion Project San Francisco, CA | $1,963,286 | $8,653,584 |
Elizabeth R & William J Patterson Foundation San Anselmo, CA | $0 | $2,038,322 |
Quest Foundation Danville, CA | $120,069,342 | $12,892,793 |
S Mark Taper Foundation Los Angeles, CA | $110,679,604 | $17,411,120 |
William S And Nancy E Thompson Foundation Newport Beach, CA | $84,169,133 | $9,975,811 |
The Lakeview Foundation Greenbrae, CA | $2,321,091 | $1,301,410 |
Every Org San Francisco, CA | $5,202,463 | $8,801,096 |