Paul And Karen Sullivan Family Charitable Foundation
- Assets
- $650.3k
- Revenue
- $20.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Kailua, HI
- Founding
- 03/2013
- Data as of
- 12/2023
- 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 12/2023, Paul And Karen Sullivan Family Charitable Foundation generated $20.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (16.3%) each year. All expenses for the organization totaled $20.1k during the year ending 12/2023. 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 55 individual grants totaling $423,300. 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 | $0 |
| Interest on Savings | $10,364 |
| Dividends & Interest | $511 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $9,399 |
| Capital Gain Net Income | $9,399 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $20,274 |
| 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 | $5,000 |
| Total operating and administrative expenses | $6,492 |
| Contributions, gifts, grants paid | $13,600 |
| Total expenses and disbursements | $20,092 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $650,260 |
| 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 | $650,260 |
| 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 $13,600 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
100 CLUB OF BUFFALO INC PURPOSE: TO ASSIST IN PROVIDING SERVICES TO MEMBERS OF LOCAL LAW ENFORCEMENT, FIRE AND EMERGENCY MEDICAL SERVICE AGENCIES AND THEIR FAMILIES. | $10,000 |
SINAI ASSISTED HOUSING FOUNDATION INC 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. | $2,500 |
HO'OLA NA PUA PURPOSE: HELPING THE PREVENTION OF SEX TRAFFICKING AND PROVIDING CARE FOR CHILDREN WHO HAVE BEEN EXPLOITED. | $1,000 |
HAWAIIAN HUMANE SOCIETY PURPOSE: TO PROMOTE THE HUMANE TREATMENT OF ALL ANIMALS. | $100 |