The Frank And Carolyn Sullivan Charitable Foundation
- Assets
- $275.4k
- Revenue
- $77.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Bridgewater, NJ
- Founding
- 06/2015
- Data as of
- 12/2023
- EIN
- 47-7087688
Organization Overview
The Frank And Carolyn Sullivan Charitable Foundation is located in Bridgewater, NJ. The organization was established in 2015. 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. Frank And Carolyn Sullivan 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, Frank And Carolyn Sullivan Charitable Foundation generated $77.7k in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 16.3% each year .
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Frank J Sullivan Trustee | 0 | $0 | |
Carolyn Sullivan Trustee | 0 | $0 | |
Stephen M Sullivan Trustee | 0 | $0 | |
Michael Sullivan Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $60,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $16,559 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,095 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $77,654 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $132 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $31 |
| Total operating and administrative expenses | $526 |
| Contributions, gifts, grants paid | $17,108 |
| Total expenses and disbursements | $17,634 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $275,415 |
| Savings and temporary cash investments | $0 |
| 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 | $275,415 |
| 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, The Frank And Carolyn Sullivan Charitable Foundation has awarded $17,108 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
FOOD BANK OF SOMERSET COUNTY PURPOSE: GENERAL UNRESTRICTED | $1,000 |
CENTER FOR GREAT EXPECTATIONS PURPOSE: GFENERAL UNRESTRICTED | $12,500 |
ELIJAH'S KITCHEN PURPOSE: GENERAL UNRESTRICTED | $200 |
CASA SHAW PURPOSE: GENERAL UNRESTRICTED | $3,000 |
SOUTHERN POVERTY LAW CENTER PURPOSE: GENERAL UNRESTRICTED | $200 |
SUSAN KOMIN CENTER PURPOSE: GENERAL UNRESTRICTED | $208 |