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← DECLAN DRUMM SULLIVAN MEMORIAL FUND

Form 990 for tax year 2023

Filed by DECLAN DRUMM SULLIVAN MEMORIAL FUND.

Totals

Total revenue
$509,864
Total expenses
$549,904
Contributions and grants received
$708,122
Grants paid
$510,771
Program service revenue
$0
Investment income
$8,032
Other revenue
-$206,290
Total assets, end of year
$803,974
Total liabilities, end of year
$6,348
Net assets or fund balances, end of year
$797,626
Program services expenses (Part IX)
$510,771
Management and general expenses
$39,133
Fundraising expenses
$0
Program service expenses (Part III)
$510,771

Program services were 92.9% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1c · Fundraising events

    $701,876

  • 1f · All other contributions, gifts and grants

    $6,246

  • 1g · Noncash contributions included above

    $23,017

  • 3 · Investment income

    total $8,032 · excluded $8,032

  • 8a · Fundraising events: gross income

    $38,715

  • 8a · Fundraising events: contributions included on line 1c

    $701,876

  • 8b · Fundraising events: direct expenses

    $245,005

  • 8c · Net income from fundraising events

    total -$206,290 · excluded -$206,290

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $510,771 · program services $510,771

  • 5 · Compensation of officers, directors and key employees

    total $30,000 · management and general $30,000

  • 10 · Payroll taxes

    total $2,145 · management and general $2,145

  • 11c · Fees: accounting

    total $5,993 · management and general $5,993

  • 11g · Fees: other

    total $170 · management and general $170

  • 13 · Office expenses

    total $825 · management and general $825

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $42,513 · end of year $60,788

  • 2 · Savings and temporary cash investments

    beginning of year $20,045 · end of year $10,046

  • 9 · Prepaid expenses and deferred charges

    beginning of year $5,000

  • 11 · Investments: publicly traded securities

    beginning of year $722,652 · end of year $733,140

  • 17 · Accounts payable and accrued expenses

    end of year $6,288

  • 25 · Other liabilities

    beginning of year $5,000 · end of year $60

  • 27 · Net assets without donor restrictions

    beginning of year $785,210 · end of year $797,626

Mission and programs · 2023

Mission

THE DECLAN DRUMM MEMORIAL FUND SUPPORTS ORGANIZATIONS THAT DEMONSTRATE SUBSTANTIAL LOCAL IMPACT IN THE AREAS OF EDUCATION AND COMMUNITY SERVICE

Activities or mission (Part I)

RAISE MONEY AND DONATE FOR CHARITY

  • HONOR ONE LIFE. IMPACT HUNDREDS. THE ORGANIZATION HELPS DESERVING CHILDREN BENEFIT FROM OPPORTUNITIES THAT ALLOW THEM TO MEET THEIR GREATEST POTENTIAL THROUGH HORIZONS FOR YOUTH AND SIMILAR TYPE ORGANIZATIONS.

    Expenses $510,771

  • RAISE MONEY AND DONATE FOR CHARITY

    Grants $510,771

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Barry J Sullivan

    TRUSTEE

    Total calculated
    $45,000
    From this org
    $45,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Alison J Drumm

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

Provenance

Return type
form_990
Tax year
2023
Filed
15 January 2025
IRS schema version
2023v6.0
Source object
202500299349300420

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