Tom & Glory Sullivan Foundation Inc
- Assets
- $1.2m
- Revenue
- $514.4k
- Investments
- $1.2m
- Employees
- 0
- Location
- Boulder, CO
- Founding
- 11/1995
- Data as of
- 06/2023
- EIN
- 52-1905859
Organization Overview
Tom & Glory Sullivan Foundation Inc is located in Boulder, CO. The organization was established in 1995. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Tom & Glory Sullivan 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 06/2023, Tom & Glory Sullivan Foundation Inc generated $514.4k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.2% each year . All expenses for the organization totaled $855.2k during the year ending 06/2023. While expenses have increased by 12.6% 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.
Since 2015, Tom & Glory Sullivan Foundation Inc has awarded 260 individual grants totaling $4,155,009. 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 |
|---|---|---|---|
Thomas Fp Sullivan Chairman | 0 | $0 | |
Glory L Sullivan President | 0 | $0 | |
Colleen M Opack Director | 0 | $0 | |
Kathleen A Keener Director & A | 0 | $12,000 | |
Thomas F Sullivan II Director | 0 | $0 | |
Bishop Barry C Knestout Director | 0 | $1,500 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $2,435 |
| Dividends & Interest | $65,102 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $442,676 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $4,152 |
| Total Revenue | $514,365 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $16,500 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $3,834 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,794 |
| Total operating and administrative expenses | $26,128 |
| Contributions, gifts, grants paid | $829,089 |
| Total expenses and disbursements | $855,217 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $6,617 |
| 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 | $1,249,316 |
| 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 | $9,784 |
| Total liabilities | $9,784 |
Grants Awarded
Over the last fiscal year, Tom & Glory Sullivan Foundation Inc has awarded $829,089 in support to 38 organizations.
| Grant Recipient | Amount |
|---|---|
CATHOLIC INFORMATION CENTER PURPOSE: TO SUPPORT CHARITY | $8,000 |
DON BOSCO CRISTO REY PURPOSE: TO SUPPORT CHARITY | $5,000 |
FELLOWSHIP OF CATHOLIC UNIVERSITY S PURPOSE: TO SUPPORT CHARITY | $20,000 |
CONGREGATION OF THE HOLY GHOST PURPOSE: TO SUPORT CHARITY | $21,000 |
HOLY FAMILY HIGH SCHOOL PURPOSE: TO SUPPORT CHARITY | $10,000 |
FRANCISCAN PROVINCE OF ST JOHN THE PURPOSE: TO SUPPORT CHARITY | $3,500 |