Sullivan Foundation FY2023 filing

Los Angeles, CAGovernment-related / quasi-publicEIN 91-6318390

Before you give

FY2023 · Form 990-PFIndependent: from IRS data, not the org
Download 990
Latest return
FY2024
latest Form 990-PF
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
0 of 4
filings with a surplus
Average deficit $26K a year · 121% of revenue · last 4 filings
Concern: a surplus in 0 of the last 4 filings.
990-PF Pt I · 4 filings
Cash reserves
<1 mo
of spending, in cash
Worth a look: 0.6 months of spending in cash; under 1.
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.
990-PF Pt II
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$17K
-25% vs prior year
Spent
$43K
Net assets
$144K
By yearFY2021–FY2024
Revenue
$17K
FY2023▼ -25%
Revenue by fiscal year
FY2021$26K
FY2022$22K
FY2023$17K
FY2024$22K
Expenses
$43K
FY2023▼ -52%
Expenses by fiscal year
FY2021$30K
FY2022$90K
FY2023$43K
FY2024$30K
Net assets
$144K
FY2023▼ -15%
Net assets by fiscal year
FY2021$237K
FY2022$170K
FY2023$144K
FY2024$135K

From the FY2023 Form 990 (year ending November 2023) · see the original

You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2024) →

Status and standing

Is it real, and can you give to it?

Tax-deductible?
Not on file
Can I give now?
No revocation on IRS record
Not on the IRS revocation list.
Filing up to date?
Last filed FY2024 — 3 yrs ago
Legal name (IRS)Hdr · item CSullivan Foundation
EINHdr · item D91-6318390
Exempt statusHdr · item I501(c)(92) · active
Ruling yearIRS BMF0000
Latest filingForm 990FY2024 · Form 990-PF
Principal addressHdr · item CLos Angeles, CA
NTEE classificationIRS BMFNonprofit

Where the money goes

What each dollar paid for.

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Grants & contributions paid $0.94 Operating & administrative $0.06
Grants & contributions paid94%$40K
Operating & administrative6%$3K
Total functional expensesLn 25$43K

Finances

Money in and out, what it owns and owes

Total assets
144K
deployed as grants and operations
Grants paid
40K
in FY2023
Grants made
12grants
total in period
Payout rate
28%
of assets (5% rule)

Summary of the Filing

Part I · fiscal year 2023 · Form 990-PF
Total assets
$144K
FY2023▼ -15%
Total assets by fiscal year
FY2021$237K
FY2022$170K
FY2023$144K
FY2024$135K
Total liabilities
$0
FY2023
Total liabilities by fiscal year
FY2021$0
FY2022$0
FY2023$0
FY2024$0
Total assetsPt II$144K

Balance Sheet

Part X · end of year
CashLn 1$2K
Total assetsLn 16$144K
Total liabilitiesLn 26$0
Total net assetsLn 32$144K
Months of cash on handcomputed0.6

Statement of Revenue

Part VIII
Investment income100%$17K
Total revenueLn 12$17K

Money in detail

Form 990 · FY2023 · each figure shown with the dollars behind it
Cash and giving out
Payout rate
Grants paid $0 · Total assets $144K
0%
Where the money comes from
Contribution dependence
Contributions & grants — · Total revenue $17K
—
Government reliance
not reported
Earned-income share
not reported
Investment reliance
Investment income $0 · Total revenue $17K
0%
Program self-sufficiency
not reported
Growth & trend
Revenue change from last year
This year $17K · Prior year $22K
Prior-year revenue below floor — showing dollar change
Net assets change over the year
End of year $144K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus or deficit, as % of revenue
Revenue $17K · Expenses $43K
-156%
Debts compared to what it owns
Total liabilities — · Total assets $144K
—
Net assets compared to what it owns
Net assets $144K · Total assets $144K
100%
People & payroll
Highest Reported Total Compensation
Individual — · Reported title — · Highest reported compensation — · Total expenses $43K
No individual compensation reported on this filing
Personnel share
not reported
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Revenue growth -25%——

Straight from the Form 990 — descriptive, not an evaluation. A share is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Leadership and pay

Who runs it, and what are they paid?

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Officers, directors & key employeesPt VII · Sec ANot reported
See Sullivan Foundation executive salaries →

Governance & Policies

Part VI
  • –Voting board membersPt VI · Ln 1a
  • –Independent board membersPt VI · Ln 1b
  • Conflict-of-interest policyPt VI · Ln 12aNot reported
  • Whistleblower policyPt VI · Ln 13Not reported
  • Document retention policyPt VI · Ln 14Not reported
  • Top official’s pay independently reviewedPt VI · Ln 15aNot reported
  • Family or business ties among leadersPt VI · Ln 2Not reported

Mission and programs

What it does.

A government-related organization based in Los Angeles, CA.

Provided by the organization

This section is blank until Sullivan Foundation claims this page.

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Grants and how to apply

Who it funds, and how to ask.

Who They Fund

Part XV · grants paid · 12 grants · $27K · 2023–2023
Husky HavenFY2023$9,000
Tunnel to TowersFY2023$2,375
Fetching Retrievers RescueFY2023$2,000
Chase FoundationFY2023$1,915
Trout UnlimitedFY2023$1,400
Desert Community FoundationCA · FY2023$1,400
Notre Dame High SchoolFY2023$500
EisenhowerFY2023$300
Upward Bound HouseCA · FY2023$200
Our Lady of GraceFY2023$200
Adopt a Fire StationFY2023$100

Grantmaking Profile

Patterns in foundation giving
Distinct granteesPart XV3
Average grantPart XV$2K
Median grantPart XV$1K
Largest grantPart XV$9K
Top cause focusNTEEUnclassified (8%)

Filing history

Every return on file.

YearRevenueExpensesChangeFiling
FY2024 Latest $22K$30K+28% 990 PDF
FY2023 Viewing $17K$43K-25% 990 PDF
FY2022 $22K$90K-15% 990 PDF
FY2021 $26K$30K 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

Not shown yet: ratings, outcomes, and peer benchmarks. A Form 990 doesn’t report them.

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2023IRS
Classification, formation year, addressIRS Business Master File
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