Alice I Sullivan Charitablefoundation
- Assets
- $1.4m
- Revenue
- $129.1k
- Investments
- $1.2m
- Employees
- 0
- Location
- Pawtucket, RI
- Founding
- 08/2007
- Data as of
- 12/2021
- EIN
- 20-8256471
Organization Overview
Alice I Sullivan Charitablefoundation is located in Pawtucket, RI. The organization was established in 2007. According to its NTEE Classification (T30) the organization is classified as: Public Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Alice I Sullivan Charitablefoundation 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, Alice I Sullivan Charitablefoundation generated $129.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (20.4%) each year. All expenses for the organization totaled $175.0k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (14.1%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Alice I Sullivan Charitablefoundation has awarded 47 individual grants totaling $250,162. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Daniel J Sullivan Jr Director | 10 | $0 | |
Robert Colucci Director | 10 | $0 | |
Nicole Diebold Director | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $28,777 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $100,210 |
| Capital Gain Net Income | $100,210 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $69 |
| Total Revenue | $129,056 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $17,989 |
| Total operating and administrative expenses | $17,989 |
| Contributions, gifts, grants paid | $157,000 |
| Total expenses and disbursements | $174,989 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $144,455 |
| Savings and temporary cash investments | $19,491 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,405,679 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Alice I Sullivan Charitablefoundation has awarded $157,000 in support to 25 organizations.
| Grant Recipient | Amount |
|---|---|
Pawtucket, RI PURPOSE: 2020-2021 SUPPORT | $37,500 |
Providence, RI PURPOSE: EVERY CHILD EVERY DAY PROGRAM | $20,000 |
Pawtucket, RI PURPOSE: 2021 SUPPORT | $18,000 |
Pawtucket, RI PURPOSE: LITERACY PROGRAM | $10,000 |
MCAULEY HOUSE PURPOSE: MEAL PROGRAM AND FOOD PANTRY | $10,000 |
RI COMMUNITY FOOD BANK PURPOSE: HUNGER RELIEF - COVID19 | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Bny Mellon Charitable Gift Fund Boston, MA | $342,614,894 | $208,280,795 |
Greater Hartford Community Foundation Inc Hartford, CT | $8,414,279 | $22,150,705 |
Imago Dei Fund Boston, MA | $57,020,766 | $29,637,241 |
Boston Charitable Trust Fund Boston, MA | $1,173,216 | $4,494,143 |
Nfa Foundation Inc Norwich, CT | $77,129,817 | $5,415,738 |
Provision Ministry Inc Westborough, MA | $833,220 | $12,247,682 |
American Friends Of The Royal Foundation Of The Duke And Duchess Newtown, MA | $2,911,496 | $8,616,320 |
Mccourt Foundation Inc Braintree, MA | $29,762,470 | $6,917,849 |
The Red Sox Foundation Inc Boston, MA | $19,048,615 | $7,450,414 |
Hadhramout Foundation Inc Westport, CT | $10,990 | $4,795,440 |
National Charitable Endowment Inc Darien, CT | $102,215,379 | $63,553,523 |
Monks Of Norcia Foundation Norwalk, CT | $2,496,451 | $3,625,099 |