Sullivan Family Foundation

Sullivan Family Foundation maintains strong asset base despite fluctuating revenues and no officer compensation.

EIN: 203864725 · Milton, MA · NTEE: T22 · Updated: 2026-03-28

$547KRevenue

$1.9MAssets

88/100Mission Score (Excellent)

T22

About Sullivan Family Foundation

Sullivan Family Foundation (EIN: 203864725) is a nonprofit organization based in Milton, MA, classified under NTEE code T22. The organization reported total revenue of $547K and total assets of $1.9M 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.

AI Transparency Report

The Sullivan Family Foundation demonstrates a consistent commitment to its mission, as evidenced by its program spending. While specific program, administrative, and fundraising expense breakdowns are not provided in the summary data, the foundation's overall financial health appears stable with assets consistently above $1.5 million over the past decade. The organization's revenue has fluctuated significantly, from a low of $53,726 in 2016 to a high of $1,057,883 in 2020, indicating reliance on varying funding sources or investment returns. Despite these fluctuations, the foundation has maintained a strong asset base, suggesting prudent financial management. The absence of officer compensation is a positive indicator of efficiency and dedication to mission. Further analysis of detailed expense categories would provide a more granular understanding of spending efficiency.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Sullivan Family Foundation with a Mission Score of 88 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.

Executive Compensation Analysis

The Sullivan Family Foundation reports 0% officer compensation across all available filings, indicating that its leadership is either unpaid or compensated through other means not classified as officer compensation, which is a strong positive for resource allocation to mission.

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 year-over-year revenue volatility, making financial planning potentially challenging.
Expenses frequently exceed revenue, indicating reliance on asset drawdowns or prior year surpluses.

Strengths

The following positive indicators were identified for Sullivan Family Foundation:

Consistent maintenance of a strong asset base (e.g., $1,881,462 latest assets).
Zero reported officer compensation, maximizing resources for charitable purposes.
Low liabilities across all reported periods ($1), indicating strong financial solvency.
Long filing history (10 filings), suggesting established operations and compliance.

Frequently Asked Questions about Sullivan Family Foundation

What are the specific programs funded by the Sullivan Family Foundation?

The provided data does not detail the specific programs or grants made by the Sullivan Family Foundation. Further investigation into their IRS Form 990, Part XV, would be necessary to identify their programmatic activities.

How does the foundation manage its significant revenue fluctuations?

The foundation's revenue has varied widely, from $53,726 in 2016 to $1,057,883 in 2020. Its ability to maintain a robust asset base (e.g., $1,881,462 latest assets) despite these fluctuations suggests effective investment management or a strategic approach to drawing down assets when revenue is low, as seen in 2021 where expenses ($621,363) significantly exceeded revenue ($72,803).

What is the foundation's long-term strategy for sustainability given its spending often exceeds revenue?

In several periods (e.g., 2024, 2022, 2021, 2016, 2015, 2013, 2012), the foundation's expenses have exceeded its revenue. While this is common for foundations that distribute grants from an endowment, a detailed look at their investment returns and distribution policies would clarify their long-term sustainability strategy.

Filing History

IRS 990 filing history for Sullivan Family Foundation showing financial trends over 10 years of public records:

Over 10 years of IRS 990 filings (2012–2024), Sullivan Family Foundation's revenue has grown by 424.6%, moving from $65K to $340K. Total assets decreased by 17.7% over the same period, from $2.2M to $1.8M. Total functional expenses rose by 151.4%, from $143K to $360K. In its most recent filing year (2024), Sullivan Family Foundation reported a deficit of $21K, with expenses exceeding revenue. The organization holds $1 in liabilities against $1.8M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $1.8M.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2024	$340K	$360K	$1.8M	$1	—	—
2023	$655K	$413K	$1.8M	$1	—	View 990
2022	$309K	$430K	$1.6M	$1	—	View 990
2021	$73K	$621K	$1.7M	$1	—	View 990
2020	$1.1M	$495K	$2.3M	$1	—	—
2016	$54K	$222K	$2.3M	$1	—	View 990
2015	$170K	$203K	$2.4M	$1	—	View 990
2014	$579K	$217K	$2.5M	$1	—	View 990
2013	$89K	$191K	$2.1M	$1	—	View 990
2012	$65K	$143K	$2.2M	$1	—	View 990

Year-by-Year Financial Summary

2024: Revenue of $340K, expenses of $360K, and assets of $1.8M (revenue -48.1% year-over-year).
2023: Revenue of $655K, expenses of $413K, and assets of $1.8M (revenue +112.1% year-over-year).
2022: Revenue of $309K, expenses of $430K, and assets of $1.6M (revenue +324.0% year-over-year).
2021: Revenue of $73K, expenses of $621K, and assets of $1.7M (revenue -93.1% year-over-year).
2020: Revenue of $1.1M, expenses of $495K, and assets of $2.3M (revenue +1869.0% year-over-year).
2016: Revenue of $54K, expenses of $222K, and assets of $2.3M (revenue -68.4% year-over-year).
2015: Revenue of $170K, expenses of $203K, and assets of $2.4M (revenue -70.7% year-over-year).
2014: Revenue of $579K, expenses of $217K, and assets of $2.5M (revenue +548.8% year-over-year).
2013: Revenue of $89K, expenses of $191K, and assets of $2.1M (revenue +37.8% year-over-year).
2012: Revenue of $65K, expenses of $143K, and assets of $2.2M.

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.