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Nonprofit · EIN 01-0779923

THOMAS C & SANDRA S SULLIVAN FOUNDATION

Tax-exempt · CLEVELAND, OH 44114

Financials

$261K$340K2023$563K$358K2024
Revenue Expenses · by fiscal year end
Financials of THOMAS C & SANDRA S SULLIVAN FOUNDATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$562,613$358,006$204,607$5,307,903$200$5,307,703
December 31, 2023990$261,130$339,919-$78,789$5,065,980$26,218$5,039,762
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$3,201
Program service revenue
$0
Investment income
$559,412
Net gain from sales of assets
$433,555
Other revenue
$0

Expenses

Grants and similar amounts paid
$308,131
Salaries, compensation and benefits (total)
$0
Professional fundraising fees
$0
Accounting fees
$33,548
Program services (functional)
$308,131
Management and general (functional)
$49,875

Balance sheet and other

Total assets, start of year
$5,065,980
Total assets, end of year
$5,307,903
Total liabilities, end of year
$200
Net assets, end of year
$5,307,703
Publicly traded securities
$5,303,735
Net assets without donor restrictions
$4,817,628
Net assets with donor restrictions
$490,075
Gross receipts
$562,613
Employees
0
Volunteers
0
Year formed
2003
State of legal domicile
OH

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended December 31, 2024, highest compensation first.

NameTitleHours / weekCompensationFrom related orgsOther / benefits
PATRICK GRACEBOARD MEMBER
Trustee or director
1$0$197,880$31,875
JULIE SULLIVANPRESIDENT
Trustee or director, Officer
1$0$0$0
MARGARET SULLIVANVICE PRESIDENT
Trustee or director, Officer
1$0$0$0
FRANK SULLY SULLIVAN JRSECRETARY
Trustee or director, Officer
1$0$0$0
FRANK O'LINNBOARD MEMBER
Trustee or director
1$0$0$0
BISHOP EDWARD MALESICBOARD MEMBER
Trustee or director
1$0$0$0
SR MARIAN DURKINBOARD MEMBER
Trustee or director
1$0$0$0
990 for the year ended December 31, 2023: 7 people
NameTitleHours / weekCompensationFrom related orgsOther / benefits
PATRICK GRACEBOARD MEMBER
Trustee or director
1$0$192,524$34,484
JULIE SULLIVANPRESIDENT
Trustee or director, Officer
1$0$0$0
MARGARET SULLIVANVICE PRESIDENT
Trustee or director, Officer
1$0$0$0
FRANK SULLY SULLIVAN JRSECRETARY
Trustee or director, Officer
1$0$0$0
FRANK O'LINNBOARD MEMBER
Trustee or director
1$0$0$0
BISHOP EDWARD MALESICBOARD MEMBER
Trustee or director
1$0$0$0
SR MARIAN DURKINBOARD MEMBER
Trustee or director
1$0$0$0

Address and contacts

Address (IRS master file)
1404 EAST NINTH STREET, CLEVELAND, OH 44114-1740
In care of
% CATHOLIC DIOCESE OF ELVELAND FDTN
Principal officer (990 for 2024)
PATRICK GRACE, 1404 EAST NINTH STREET, CLEVELAND, OH 44114
Signed the 990
PATRICK GRACE, BOARD MEMBER
Phone
(216) 696-6525
Return prepared by
MALONEY NOVOTNY LLC

Mission

THE FOUNDATION MAKES GRANTS TO VARIOUS ORGANIZATIONS IN FURTHERANCE OF THE FOUNDATION'S SUPPORTING ORGANIZATION STATUS UNDER IRC SECTION 509(A)(3).

990 for the year ended December 31, 2024

Program accomplishments

  • GRANTS TO VARIOUS ORGANIZATIONS IN FURTHERANCE OF THE FOUNDATION'S SUPPORTING ORGANIZATION STATUS UNDER IRC SECTION 509(A)(3).
    Expenses $308,131 · grants $308,131

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
01-0779923
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Supporting organization (509(a)(3))
Exempt since
1946
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$5,307,903
Income (IRS master file)
$562,613

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$562,613$358,006$5,307,903XML
990December 2023$261,130$339,919$5,065,980XML
990December 2022$41,729$326,555$4,670,675IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2018–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 01-0779923).

Questions about THOMAS C & SANDRA S SULLIVAN FOUNDATION

What is the EIN of THOMAS C & SANDRA S SULLIVAN FOUNDATION?
The employer identification number (EIN) of THOMAS C & SANDRA S SULLIVAN FOUNDATION is 01-0779923.
Is THOMAS C & SANDRA S SULLIVAN FOUNDATION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1946.
Which annual return does THOMAS C & SANDRA S SULLIVAN FOUNDATION file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of THOMAS C & SANDRA S SULLIVAN FOUNDATION due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did THOMAS C & SANDRA S SULLIVAN FOUNDATION last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of THOMAS C & SANDRA S SULLIVAN FOUNDATION?
The 990 for the year ended December 31, 2024 names PATRICK GRACE.
Who are the officers and directors of THOMAS C & SANDRA S SULLIVAN FOUNDATION?
The 990 for the year ended December 31, 2024 lists 7 people; 0 received compensation from the organization.
How much revenue does THOMAS C & SANDRA S SULLIVAN FOUNDATION have?
On its 990 for the year ended December 31, 2024 it reported revenue of $562,613, expenses of $358,006 and total assets of $5,307,903 at year end.

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