Thomas C & Sandra S Sullivan Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 706,307 | 299,384 | 406,923 | 211.1 | 0% |
| 2021 | 704,346 | 354,787 | 349,559 | 194.2 | 0% |
| 2022 | 41,729 | 326,555 | −284,826 | 171.6 | 0% |
| 2023 | 261,130 | 339,919 | −78,789 | 177.9 | 0% |
In its most recent public year (2023), this organization spent $78,789 more than it brought in. Its reserves stood at about 177.9 months of spending, down from 211.1 in 2020. Staff pay was 0% of spending. $458,702 of its net assets are donor-restricted.
Reserve months = net assets ÷ average monthly spending; net assets count everything the organization owns beyond its debts — buildings and donor-restricted funds included, not just cash. Staff pay = salaries, wages, and officer compensation; it excludes benefits and payroll taxes. The IRS releases this data years after the fact — this organization's newest public year is 2023. Years refer to the calendar year in which the organization's fiscal year ended. Short-form filers do not publicly report donor-restricted balances or staffing costs. Source filings
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