Matthew F Sullivan Hands For Hearts Inc
- Assets
- $19.9k
- Revenue
- $53.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Greensboro, NC
- Founding
- 09/2014
- Data as of
- 06/2022
- EIN
- 47-1579180
Organization Overview
Matthew F Sullivan Hands For Hearts Inc is located in Greensboro, NC. The organization was established in 2014. According to its NTEE Classification (E19) the organization is classified as: Support N.E.C., under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Matthew F Sullivan Hands For Hearts Inc 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, Matthew F Sullivan Hands For Hearts Inc generated $53.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (15.6%) each year. All expenses for the organization totaled $121.5k during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
HANDS FOR HEARTS SEEKS TO IMPROVE THE LIVES OF CHILDREN WITH CONGENTIAL HEART DEFECTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OUR PRIMARY FUNDRAISING EVENT, THE HANDS FOR HEARTS CASINO NIGHT EACH FEBRUARY, BRINGS TOGETHER SUPPORTERS, SPONSORS, AND FAMILY MEMBERS OF THOSE AFFECTED BY CONGENITAL HEART DEFECTS FOR AN AMAZING EVENING OF FOOD AND DRINK, LIVE CASINO ACTION, AND SPECTACULAR LIVE AND SILENT AUCTIONS. DURING THE YEAR, HANDS FOR HEARTS' PRIMARY ACTIVITIES INCLUDED THE FOLLOWING:1) FUNDED A SPECIAL FOURTH YEAR FELLOWSHIP AT DUKE CHILDREN'S HOSPITAL. HANDS FOR HEARTS PLEDGED TO GIVE DUKE CHILDREN'S HOSPITAL $500,000 OVER THE SPAN OF FIVE YEARS, IN $20,000 MONTHLY INSTALLMENTS FROM JANUARY 2019 TO MAY 2019, AND THEN $8,333 MONTHLY INSTALLMENTS BEGINNING IN JUNE 2019.3) PURCHASED CHRISTMAS GIFTS FOR SEVERAL HOUSEHOLDS IN THE TRIAD THAT INCLUDE A CHILD WITH A CHD.4) RAISED MONEY THROUGH A GENERAL CAMPAIGN AS THE IN-PERSON HANDS FOR HEARTS CASINO NIGHT EVENT WAS NOT HELD IN 2022 DUE TO RESTRICTIONS RELATED TO COVID.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Carson S Wannamaker President | OfficerTrustee | 5 | $0 |
Jeff Fusaiotti Vice President/treasurer | OfficerTrustee | 4 | $0 |
Cameron Wannamaker Director | Trustee | 5 | $0 |
Laura Fusaiotti Director | Trustee | 1 | $0 |
Kathleen Little Director | Trustee | 2 | $0 |
Beth Faircloth Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $25,000 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $28,837 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $53,837 |
| Total Program Service Revenue | $0 |
| Investment income | $34 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $53,871 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $100,000 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,400 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $20,143 |
| Total functional expenses | $121,543 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $11,363 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $8,556 |
| Total assets | $19,919 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $19,919 |
| Total liabilities and net assets/fund balances | $19,919 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Matthew F Sullivan Hands For Hearts Inc has recieved totaling $141.
| Awarding Organization | Amount |
|---|---|
Lincoln Financial Foundation Inc Radnor, PA PURPOSE: MATCHING GIFT | $100 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $41 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Partners Cooperative Inc Atlanta, GA | $31,995,139 | $51,075,752 |
Carilion Clinic Roanoke, VA | $281,656,126 | $39,438,781 |
Scotland Regional Health Network Laurinburg, NC | $378,865 | $8,728,608 |
Phoebe Foundation Inc Albany, GA | $20,206,779 | $3,551,981 |
Alamance Community & Health Foundation Inc Greensboro, NC | $76,630,575 | $12,054,534 |
Americas Toothfairy National Childrens Oral Health Foundation Charlotte, NC | $1,145,106 | $1,236,275 |
Health Occupations Students Of America Inc Georgia Watkinsville, GA | $257,092 | $1,030,364 |
Walton County Health Care Foundation Inc Monroe, GA | $50,639,691 | $2,072,620 |
Numotion Foundation Brentwood, TN | $1,008,015 | $811,604 |
Medical Foundation Of Nashville Nashville, TN | $460,495 | $828,616 |
Northern Shenandoah Substance Abuse Coalition Winchester, VA | $744,422 | $769,395 |
Satilla Health Partners Inc Waycross, GA | $95,598,303 | $5,090,426 |