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Nonprofiteer
← THOMAS C & SANDRA S SULLIVAN FOUNDATION

Form 990 for tax year 2024

Filed by THOMAS C & SANDRA S SULLIVAN FOUNDATION.

Totals

Total revenue
$562,613
Total expenses
$358,006
Contributions and grants received
$3,201
Grants paid
$308,131
Program service revenue
$0
Investment income
$559,412
Other revenue
$0
Total assets, end of year
$5,307,903
Total liabilities, end of year
$200
Net assets or fund balances, end of year
$5,307,703
Program services expenses (Part IX)
$308,131
Management and general expenses
$49,875
Fundraising expenses
$0
Program service expenses (Part III)
$308,131

Program services were 86.1% 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.

  • 1f · All other contributions, gifts and grants

    $3,201

  • 3 · Investment income

    total $125,857 · excluded $125,857

  • 7a · Gross sales of assets other than inventory

    securities $433,555

  • 7b · Less cost or other basis and sales expenses

    securities $0

  • 7c · Gain or loss

    securities $433,555

  • 7d · Net gain or loss

    total $433,555 · excluded $433,555

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $308,131 · program services $308,131

  • 11c · Fees: accounting

    total $33,548 · management and general $33,548

  • 11f · Fees: investment management

    total $16,327 · management and general $16,327

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year -$256,405 · end of year $4,168

  • 11 · Investments: publicly traded securities

    beginning of year $5,322,385 · end of year $5,303,735

  • 17 · Accounts payable and accrued expenses

    beginning of year $26,218 · end of year $200

  • 27 · Net assets without donor restrictions

    beginning of year $4,581,060 · end of year $4,817,628

  • 28 · Net assets with donor restrictions

    beginning of year $458,702 · end of year $490,075

Mission and programs · 2024

Mission

THE FOUNDATION MAKES GRANTS TO VARIOUS ORGANIZATIONS IN FURTHERANCE OF THE FOUNDATION'S SUPPORTING ORGANIZATION STATUS UNDER IRC SECTION 509(A)(3).

  • GRANTS TO VARIOUS ORGANIZATIONS IN FURTHERANCE OF THE FOUNDATION'S SUPPORTING ORGANIZATION STATUS UNDER IRC SECTION 509(A)(3).

    Expenses $308,131 · Grants $308,131

As filed on the 2024 return.

Listed in Part VII

  • Julie Sullivan

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Margaret Sullivan

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Patrick Grace

    BOARD MEMBER

    Total calculated
    $229,755
    From this org
    $0
    From related orgs
    $197,880
    Other
    $31,875
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $197,880 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $9,273 related
    Nontaxable benefits
    $0 + $22,602 related
    Filer's total
    $0 + $229,755 related

  • Frank Sully Sullivan Jr

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Frank O'Linn

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Bishop Edward Malesic

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Sr Marian Durkin

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

The 10 largest by cash amount. The API serves every itemized grant.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2024
Filed
10 November 2025
IRS schema version
2024v5.2
Source object
202503159349305050

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