Mary Margaret Sullivan Foundation
- Assets
- $140.9k
- Revenue
- $72.2k
- Investments
- $136.1k
- Employees
- 0
- Location
- Los Angeles, CA
- Founding
- 06/1997
- Data as of
- 12/2022
- EIN
- 95-4953483
Organization Overview
Mary Margaret Sullivan Foundation is located in Los Angeles, CA. The organization was established in 1997. According to its NTEE Classification (Z99) the organization is classified as: Unknown, under the broad grouping of Unknown and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mary Margaret Sullivan 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 12/2022, Mary Margaret Sullivan Foundation generated $72.2k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (0.7%) each year. All expenses for the organization totaled $65.7k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (1.4%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Mary Margaret Sullivan Foundation has awarded 130 individual grants totaling $432,000. 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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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $69,703 |
| Interest on Savings | $0 |
| Dividends & Interest | $2,141 |
| Net Rental Income | $232 |
| Net Gain on Sale of Assets | $82 |
| Capital Gain Net Income | $82 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $26 |
| Total Revenue | $72,184 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $164 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $683 |
| Total operating and administrative expenses | $15,722 |
| Contributions, gifts, grants paid | $50,000 |
| Total expenses and disbursements | $65,722 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,757 |
| 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 | $136,119 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $140,876 |
| 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 Margaret Sullivan Foundation has awarded $50,000 in support to 14 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN RED CROSS PURPOSE: SUPPORT | $3,000 |
DOCTORS WITHOUT BORDERS PURPOSE: SUPPORT | $5,000 |
CATHOLIC RELIEF SERVICES PURPOSE: SUPPORT | $3,000 |
HOMEBOY INDUSTRIES PURPOSE: SUPPORT | $5,000 |
LOS ANGELES FIRE DEPARTMENT FOUNDATION PURPOSE: SUPPORT | $2,000 |
LOS ANGELES MISSION PURPOSE: SUPPORT | $3,000 |