Mary Sully Foundation
- Assets
- $334.0k
- Revenue
- $489.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Frankfort, MI
- Founding
- Data as of
- 12/2023
- EIN
- 92-1579073
Organization Overview
Mary Sully Foundation is located in Frankfort, MI. According to its NTEE Classification (A24) the organization is classified as: Folk Arts, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mary Sully Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION ESTABLISHED SCHOLARSHIPS AND PROGRAMS TO SUPPORT EMERGING NATIVE AMERICAN ARTIST BY PROVIDING MATERIALS, EXHIBITION SUPPORT, EDUCATIONAL EXPENSES, AND OTHER SUPPORT AS MANY EMERGE OVER TIME. RATHER THAN CONDUCTING SCHOLARSHIP PROGRAMS DIRECTLY, THE FOUNDATION SUPPORTS SCHOLARSHIPS THROUGH SERVICE CONTRACTS. IN 2023, 1 SCHOLARSHIP WAS AWARDED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Philip Deloria President | 1 | $0 | |
Jackson Deloria Treasurer | 1 | $0 | |
Lacey Deloria Secretary | 1 | $0 | |
Margaret Burns-Deloria Executive Di | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $487,000 |
| Interest on Savings | $2,743 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $489,743 |
| 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 | $97 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $400 |
| Printing and publications | $0 |
| Other expenses | $247 |
| Total operating and administrative expenses | $24,728 |
| Contributions, gifts, grants paid | $131,000 |
| Total expenses and disbursements | $155,728 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,496 |
| Savings and temporary cash investments | $324,202 |
| 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 | $497 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $2,820 |
| Other assets | $0 |
| Total assets | $334,015 |
| 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, Mary Sully Foundation has awarded $131,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
DAKOTA INDIAN FOUNDATION PURPOSE: SCHOLARSHIP GRANT | $2,000 |
THE METROPOLITAN MUSUEM OF ART PURPOSE: DONATION OF ART WORK | $129,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Folkert Family Foundation Grand Rapids, MI | $0 | $25,640 |
Association Of Artists And Craftsmen Of Porter County Incorpo Chesterton, IN | $230,671 | $240,577 |
Mary Sully Foundation Frankfort, MI | $334,015 | $489,743 |
Michigan League Of Handweavers Portage, MI | $128,533 | $0 |
Harold K & Myrtle C Folk Charitable Foundation Cleveland, OH | $592,066 | $53,230 |