Leon H Sullivan Charitable Tr
- Assets
- $4.3m
- Revenue
- $2.0m
- Investments
- $501.2k
- Employees
- 6
- Location
- Philadelphia, PA
- Founding
- 12/1966
- Data as of
- 12/2022
- EIN
- 23-6424419
Organization Overview
Leon H Sullivan Charitable Tr is located in Philadelphia, PA. The organization was established in 1966. According to its NTEE Classification (X30) the organization is classified as: Judaism, under the broad grouping of Religion-Related and related organizations. As of 12/2022, Leon H Sullivan Charitable Tr employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Leon H Sullivan Charitable Tr is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROMOTE AND SUPPORT URBAN ECONOMIC DEVELOPMENT, SELF-HELP, & ECONOMIC ENPOWERMENT OF COMMUNITY-BASED ORGANIZATIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ECONOMIC DEVELOPMENT AND REVITALIZATION OF COMMUNITY AREAS AND PROVIDER OF OFFICE SPACE FOR NONPROFIT AND COMMUNITY-BASED ORGANIZATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Debra White Former Executive Director | Officer | 40 | $89,902 |
Mable Welborn Board Chair | OfficerTrustee | 17.5 | $0 |
Barbara Ann Moore Vice Chair | OfficerTrustee | 5 | $0 |
Linda L House CPA Treasurer | OfficerTrustee | 5 | $0 |
Deborah Gary Secretary | OfficerTrustee | 3 | $0 |
Daryl Debrest Truestee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $344,000 |
| Government grants | $65,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $103,246 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $512,246 |
| Total Program Service Revenue | $874,037 |
| Investment income | $3,892 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,991,122 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $89,902 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $142,866 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $10,727 |
| Payroll taxes | $20,971 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $11,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $52,876 |
| Advertising and promotion | $0 |
| Office expenses | $38,167 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $245,815 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $15,658 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $32,968 |
| Insurance | $26,001 |
| All other expenses | $0 |
| Total functional expenses | $1,008,026 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $27,485 |
| Savings and temporary cash investments | $1,693,336 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $174,800 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $52,846 |
| Net Land, buildings, and equipment | $1,822,784 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $501,193 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,272,444 |
| Accounts payable and accrued expenses | $121,752 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $887,430 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $163,707 |
| Total liabilities | $1,172,889 |
| Net assets without donor restrictions | $3,030,650 |
| Net assets with donor restrictions | $68,905 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $4,272,444 |