Thomas C & Sandra S Sullivan Foundation FY2022 filing

Tax-deductible

Cleveland, OH501(c)(3)EIN 01-0779923Revenue $42K in FY2022

On file with the IRS1404 East Ninth Street, 44114-1740 · Cleveland, OHTax-exempt since Mar 1946Supporting organization — 509(a)(3)

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The Foundation makes grants to various organizations in furtherance of the foundation's supporting organization status under irc section 509(a)(3).

501(c)(3) charity; gifts are tax-deductible.
83¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2022 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 5
filings with a surplus
Average surplus $119K a year · 26% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
83%
of spending
Looks good: 83% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
1 mo
of spending, in cash
Fine: 1.4 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
10
of 11 voting members
Looks good: 10 of 11 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$42K
-94% vs prior year
Spent
$327K
To programs
83%
Net assets
$4.7M
By yearFY2020–FY2024
Revenue
$42K
FY2022▼ -94%
Tap a bar for its year
Revenue by fiscal year
FY2020$706K
FY2021$704K
FY2022$42K
FY2023$261K
FY2024$563K
Expenses
$327K
FY2022▼ -8%
Tap a bar for its year
Expenses by fiscal year
FY2020$299K
FY2021$355K
FY2022$327K
FY2023$340K
FY2024$358K
Net assets
$4.7M
FY2022▼ -19%
Tap a bar for its year
Net assets by fiscal year
FY2020$5.3M
FY2021$5.7M
FY2022$4.7M
FY2023$5.0M
FY2024$5.3M

From the FY2022 Form 990 · see the original

990 PDF Claim
You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Mar 1946.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

83 cents of each dollar spent went to programs.

Program services 83% · $270K Management & general 17% · $57K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

11 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
$0Pt VII · Sec A
See Thomas C & Sandra S Sullivan Foundation executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Awards grants to support other charitable organizations.

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Provided by the organization

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1 program · $270K · in their own filed words · FY2022
01

Grants to various organizations in furtherance of the foundation's supporting organization status under irc section 509(a)(3).

$270Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · this organization's grantmaking
Grants paid · 72 grants · $933K · 2020–2024
Metro Catholic Parish SchoolOH · FY2024$20,000
Joseph's HomeOH · FY2024$20,000
The Edna House for Women INCOH · FY2024$15,000
Covenant House AlaskaAK · FY2024$15,000
Zelie's HomeOH · FY2024$10,000
West Side Catholic CenterOH · FY2024$10,000
City MissionOH · FY2024$10,000
St Pauls Community OutreachOH · FY2024$10,000
St Augustine Community CupboardFY2024$10,000
May Dugan CenterOH · FY2024$10,000
Community Service AllianceOH · FY2024$10,000
Community of Hope INCDC · FY2024$10,000
See all 72 grants →

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$42K
Ln 12
Investment incomeLn 3$40K
Gifts and grantsLn 1h$2K
Money outPt IX
$327K
Ln 25
Programscol B$270K
Managementcol C$57K
Owns and owesPt X
$4.7M
net assets · Ln 32
Cash and savingsLn 1–2$39K
Total assetsLn 16$4.7M
LiabilitiesLn 26$0
PeoplePt VI, VII
11
listed · VII A
PaidVII A0
Voting boardVI 1a11
IndependentVI 1b10
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$2K
Investment incomeLn 3$40K
Gains on assetsLn 7−$58K
Total revenueLn 12$42K
Assets in detailPt X, end of year
CashLn 1$39K
Cash and savings togetherLn 1–2$39K
InvestmentsLn 11–13$4.6M
Total assetsLn 16$4.7M
LiabilitiesLn 26$0
Net assetsLn 32$4.7M
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$182K$39K
InvestmentsLn 11–13$5.6M$4.6M
Total assetsLn 16$5.7M$4.7M
LiabilitiesLn 26$0$0
Net assetsLn 32$5.7M$4.7M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$270K$270K
Accounting feesLn 11c$41K$41K
Investment management feesLn 11f$16K$16K
Other expenses (24a–d)Ln 24$200$200
Total functional expensesLn 25$327K$270K$57K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $563K$358K$205K$5.3M 990 PDF
FY2023 $261K$340K−$79K$5.0M 990 PDF
FY2022 Viewing $42K$327K−$285K$4.7M 990 PDF
FY2021 $704K$355K$350K$5.7M 990 PDF
FY2020 $706K$299K$407K$5.3M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2022 990 (6 parts)
Part I · Summary $41,729 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $251,677$1,938
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $452,669$39,791
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $704,346$41,729
I-13 Grants and similar amounts paidPrior year $296,000$269,500
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $58,787$57,055
I-18 Total expensesPrior year $354,787$326,555
I-19 Revenue less expensesPrior year $349,559−$284,826
Part VI · Governance 10 of 11 board members independent, 3 to look at
VI-1a Voting members of the governing body11
VI-1b Independent voting members10
VI-2 Family or business relationship among officers or directorsYes
VI-12a Written conflict of interest policyNo
VI-15a Process for setting top official's payNo
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $41,729 across 5 lines filed
VIII-1f All other contributions, gifts and grants$1,938
VIII-1h Total contributions, gifts and grants$1,938
VIII-3 Investment incomeExcluded from tax $97,843$97,843
VIII-7 Net gain or loss on sales of assetsExcluded from tax −$58,052−$58,052
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $39,791$41,729
Part IX · Statement of functional expenses $326,555 across 4 lines filed
IX-1 Grants to domestic organizationsPrograms $269,500$269,500
IX-11c Accounting feesManagement $41,302$41,302
IX-11f Investment management feesManagement $15,553$15,553
IX-24 Other expenses (24a–d)Management $200$200
IX-25 Total functional expensesPrograms $269,500 · Management $57,055 · Fundraising $0$326,555
Part X · Balance sheet $4,670,675 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $182,256$39,000
X-11 Publicly traded securitiesStart of year $5,559,217$4,631,675
X-16 Total assetsStart of year $5,741,473$4,670,675
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $5,253,667$4,271,500
X-28 Net assets with donor restrictionsStart of year $487,806$399,175
X-32 Total net assets or fund balancesStart of year $5,741,473$4,670,675
X-33 Total liabilities and net assetsStart of year $5,741,473$4,670,675
Part XI · Reconciliation of net assets $4,670,675 net assets at year end
XI-1 Total revenue$41,729
XI-2 Total expenses$326,555
XI-3 Revenue less expenses−$284,826
XI-4 Net assets at start of year$5,741,473
XI-5 Net unrealized gains (losses) on investments−$785,972
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$4,670,675

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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