Bob Sullivan Memorial Foundation Inc

Organization Overview

Bob Sullivan Memorial Foundation Inc is located in Norwell, MA. The organization was established in 1994. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bob Sullivan Memorial Foundation Inc 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 12/2021, Bob Sullivan Memorial Foundation Inc generated $64.0k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 16.8% each year . All expenses for the organization totaled $26.0k during the year ending 12/2021. While expenses have increased by 3.0% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990PF Filing

TAX YEAR

2021

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE ORGANIZATION DOES NOT CONDUCT ANY DIRECT CHARITABLE ACTIVITIES. THE FOUNDATION'S ONLY ACTIVITY IS TO MAKE CHARITABLE CONTRIBUTIONS TO APPROVED ORGANIZATIONS.


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Financial Statements

Statement of Revenue
Contributions, Gifts, Grants & Similar $25,400
Interest on Savings $214
Dividends & Interest $16,040
Net Rental Income$0
Net Gain on Sale of Assets $22,278
Capital Gain Net Income $22,278
Net ST Capital Gain $0
Income Modifications $0
Profit on Inventory Sales $0
Other Income $106
Total Revenue $64,038

Grants Awarded

Over the last fiscal year, Bob Sullivan Memorial Foundation Inc has awarded $24,000 in support to 8 organizations.

Grant RecipientAmount

WENTWORTH INSTITUTE OF TECHNOLOGY

Org PageRecipient Profile

Boston, MA

PURPOSE: SUPPORT FOR EDUCATION

$3,000

BRYANT UNIVERSITY

Org PageRecipient Profile

Smithfield, RI

PURPOSE: SUPPORT FOR EDUCATION

$3,000

ROGER WILLIAMS UNIVERSITY

Org PageRecipient Profile

Bristol, RI

PURPOSE: SUPPORT FOR EDUCATION

$3,000

UNIVERSITY OF MASSACHUSETTS AMHERST

Org PageRecipient Profile

Amherst, MA

PURPOSE: SUPPORT FOR EDUCATION

$3,000

SOUTHERN NH UNIVERSITY

PURPOSE: SUPPORT FOR EDUCATION

$3,000

NORWICH UNIVERSITY

Org PageRecipient Profile

Northfield, VT

PURPOSE: SUPPORT FOR EDUCATION

$3,000
View Grant Profile

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