Sullivan Family Foundation
Sullivan Family Foundation consistently reports zero officer compensation amidst fluctuating revenues and assets.
EIN: 133531989 · Boston, MA · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.0M |
| Total Expenses | $244K |
| Program Spending | 85% |
| CEO/Top Officer Pay | $1.7 |
| Net Assets | $425K |
| Transparency Score | 85/100 |
Is Sullivan Family Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Sullivan Family Foundation directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Sullivan Family Foundation
Sullivan Family Foundation (EIN: 133531989) is a nonprofit organization based in Boston, MA. The organization reported total revenue of $1.0M and total assets of $231K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Sullivan Family Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Sullivan Family Foundation is a mid-size nonprofit that has been operating for 36 years, with 8 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of 13.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $421K |
| Total Expenses | $244K |
| Surplus / Deficit | +$178K |
| Total Assets | $425K |
| Total Liabilities | $1 |
| Net Assets | $425K |
| Operating Margin | 42.1% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 20.9 months |
Financial Health Grade: A
In 2023, Sullivan Family Foundation reported a surplus of $178K with revenue exceeding expenses, holds 20.9 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 8 years of filings (2012–2023), Sullivan Family Foundation's revenue has grown at a compound annual growth rate (CAGR) of 13.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -47.4% | -60.9% | +71.9% |
| 2021 | -103.0% | +183.4% | -84.9% |
| 2020 | +44.1% | +839.2% | -58.1% |
| 2015 | -61.2% | -97.5% | +20.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1990 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Sullivan Family Foundation with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Sullivan Family Foundation allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $178K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that no salaries are paid to officers, which is highly commendable for an organization of its size with revenues ranging from negative to over $1.7 million.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Sullivan Family Foundation's IRS 990 filings:
- Significant revenue volatility, including negative revenue in 2021, could indicate unpredictable funding.
- Lack of detailed expense breakdown in provided data makes precise spending efficiency analysis difficult.
- NTEE code is unknown, hindering peer comparison and understanding of mission area.
Strengths
The following positive indicators were identified for Sullivan Family Foundation:
- Consistent 0% officer compensation demonstrates strong financial stewardship and dedication to mission.
- Minimal liabilities ($1 in recent years) indicates sound financial management and low debt.
- Positive net assets in most years, with $424,556 in 2023, showing financial solvency.
Frequently Asked Questions about Sullivan Family Foundation
Is Sullivan Family Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Sullivan Family Foundation (EIN: 133531989) some concerns. Mission Score: 85/100. 3 red flags identified, 3 strengths noted.
How does Sullivan Family Foundation spend its money?
Sullivan Family Foundation directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Sullivan Family Foundation tax-deductible?
Sullivan Family Foundation is registered as a tax-exempt nonprofit (EIN: 133531989). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Sullivan Family Foundation CEO make?
Sullivan Family Foundation's highest-compensated officer earns $1.7 annually. The organization reported $1.0M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Sullivan Family Foundation's spending goes to programs?
Sullivan Family Foundation directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Sullivan Family Foundation located?
Sullivan Family Foundation is headquartered in Boston, Massachusetts and files with the IRS under EIN 133531989.
How many years of IRS 990 filings does Sullivan Family Foundation have?
Sullivan Family Foundation has 8 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $1.0M in total revenue.
What are the specific program activities funded by the Sullivan Family Foundation?
The provided IRS 990 data does not detail the specific program activities or grants made by the Sullivan Family Foundation. This information would typically be found in the full 990 form's Schedule I or Part III.
Why did the foundation report negative revenue in 2021?
The filing for Period 202105 shows a revenue of $-8,900. This could be due to various reasons such as significant investment losses, returns of grants, or accounting adjustments that resulted in a net negative income for that fiscal year.
How does the foundation manage its fluctuating revenue streams?
The data shows significant fluctuations in revenue, from $1,740,712 in 2013 to $-8,900 in 2021. Without further information, it's unclear how the foundation manages these variations to ensure consistent program delivery and financial stability.
Filing History
IRS 990 filing history for Sullivan Family Foundation showing financial trends over 8 years of public records:
Over 8 years of IRS 990 filings (2012–2023), Sullivan Family Foundation's revenue has grown by 299.4%, moving from $105K to $421K. Total assets decreased by 65% over the same period, from $1.2M to $425K. Total functional expenses fell by 35.6%, from $378K to $244K. In its most recent filing year (2023), Sullivan Family Foundation reported a surplus of $178K, with revenue exceeding expenses. The organization holds $1 in liabilities against $425K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $425K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $421K | $244K | $425K | $1 | — | View 990 |
| 2022 | $800K | $624K | $247K | $1 | — | View 990 |
| 2021 | $-8,900 | $388K | $71K | $1 | — | View 990 |
| 2020 | $299K | $137K | $468K | $1 | — | View 990 |
| 2015 | $208K | $15K | $1.1M | $0 | — | View 990 |
| 2014 | $535K | $595K | $924K | $0 | — | View 990 |
| 2013 | $1.7M | $925K | $1.5M | $0 | — | View 990 |
| 2012 | $105K | $378K | $1.2M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $421K, expenses of $244K, and assets of $425K (revenue -47.4% year-over-year).
- 2022: Revenue of $800K, expenses of $624K, and assets of $247K.
- 2021: Revenue of $-8,900, expenses of $388K, and assets of $71K (revenue -103.0% year-over-year).
- 2020: Revenue of $299K, expenses of $137K, and assets of $468K (revenue +44.1% year-over-year).
- 2015: Revenue of $208K, expenses of $15K, and assets of $1.1M (revenue -61.2% year-over-year).
- 2014: Revenue of $535K, expenses of $595K, and assets of $924K (revenue -69.3% year-over-year).
- 2013: Revenue of $1.7M, expenses of $925K, and assets of $1.5M (revenue +1550.4% year-over-year).
- 2012: Revenue of $105K, expenses of $378K, and assets of $1.2M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Sullivan Family Foundation:
Data Sources and Methodology
This transparency report for Sullivan Family Foundation is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.