The Timothy And Susanne Sullivan Family Foundation
Timothy And Susanne Sullivan Family Foundation maintains strong assets and zero officer compensation amidst volatile revenue and expenses.
EIN: 203367664 · Wilmington, DE · NTEE: T22 · Updated: 2026-03-28
Is The Timothy And Susanne 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 →
The Timothy And Susanne Sullivan Family Foundation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About The Timothy And Susanne Sullivan Family Foundation
The Timothy And Susanne Sullivan Family Foundation (EIN: 203367664) is a nonprofit organization based in Wilmington, DE, classified under NTEE code T22. The organization reported total revenue of $41.2M and total assets of $20.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of The Timothy And Susanne Sullivan Family Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
The Timothy And Susanne Sullivan Family Foundation is a large nonprofit that has been operating for 20 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 1.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $145K |
| Total Expenses | $9K |
| Surplus / Deficit | +$135K |
| Total Assets | $686K |
| Total Liabilities | $1 |
| Net Assets | $686K |
| Operating Margin | 93.5% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 881.9 months |
Financial Health Grade: A
In 2023, The Timothy And Susanne Sullivan Family Foundation reported a surplus of $135K with revenue exceeding expenses, holds 881.9 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), The Timothy And Susanne Sullivan Family Foundation's revenue has grown at a compound annual growth rate (CAGR) of 1.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +1047.8% | +2.8% | +24.6% |
| 2022 | +45.6% | -94.3% | +0.6% |
| 2021 | -5.7% | -46.0% | -21.5% |
| 2020 | -57.1% | -64.7% | -29.0% |
| 2019 | -80.6% | -25.8% | +51.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2006 |
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 The Timothy And Susanne 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: 90%
- fundraising: 0%
According to IRS 990 filings, The Timothy And Susanne Sullivan Family Foundation allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% 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 $135K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation has consistently been reported as 0% across all available IRS 990 filings, indicating that no officers receive salaries from the foundation, which is highly unusual for an organization with assets exceeding $20 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 The Timothy And Susanne Sullivan Family Foundation's IRS 990 filings:
- Highly volatile revenue and expense patterns, making year-over-year financial performance unpredictable.
- Lack of detailed program vs. administrative spending breakdown in provided summary data, making efficiency analysis challenging without full 990 review.
Strengths
The following positive indicators were identified for The Timothy And Susanne Sullivan Family Foundation:
- Consistently reports 0% officer compensation, indicating no executive salaries are paid from the foundation's funds.
- Maintains a very strong balance sheet with minimal liabilities ($0 or $1 reported consistently).
- Significant asset base ($20,790,145) provides financial stability and capacity for grantmaking.
- Consistent IRS 990 filing history demonstrates compliance and transparency.
Frequently Asked Questions about The Timothy And Susanne Sullivan Family Foundation
Is The Timothy And Susanne Sullivan Family Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, The Timothy And Susanne Sullivan Family Foundation (EIN: 203367664) some concerns. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.
How does The Timothy And Susanne Sullivan Family Foundation spend its money?
The Timothy And Susanne Sullivan Family Foundation directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to The Timothy And Susanne Sullivan Family Foundation tax-deductible?
The Timothy And Susanne Sullivan Family Foundation is registered as a tax-exempt nonprofit (EIN: 203367664). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What is the primary purpose of The Timothy And Susanne Sullivan Family Foundation?
Based on its NTEE code T22 (Private Grantmaking Foundations) and financial patterns, the foundation's primary purpose is likely to make grants to other charitable organizations or individuals, rather than directly operating programs.
How does the foundation manage its significant revenue and expense fluctuations?
The foundation appears to manage these fluctuations by drawing from its substantial asset base, which has grown to $20,790,145, allowing it to make grants even in years where expenses significantly exceed annual revenue, as seen in 201912 and 201512.
Is the 0% officer compensation sustainable for an organization of this size?
While it indicates a highly efficient and potentially volunteer-driven executive structure, it's unusual for a foundation with over $20 million in assets. It suggests either significant volunteer effort or that administrative functions are handled by external parties or other entities.
Filing History
IRS 990 filing history for The Timothy And Susanne Sullivan Family Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), The Timothy And Susanne Sullivan Family Foundation's revenue has grown by 19.8%, moving from $121K to $145K. Total assets increased by 30.3% over the same period, from $526K to $686K. Total functional expenses fell by 96%, from $233K to $9K. In its most recent filing year (2023), The Timothy And Susanne Sullivan Family Foundation reported a surplus of $135K, with revenue exceeding expenses. The organization holds $1 in liabilities against $686K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $686K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $145K | $9K | $686K | $1 | — | View 990 |
| 2022 | $13K | $9K | $551K | $1 | — | View 990 |
| 2021 | $9K | $159K | $547K | $1 | — | — |
| 2020 | $9K | $294K | $697K | $1 | — | View 990 |
| 2019 | $21K | $832K | $982K | $1 | — | View 990 |
| 2015 | $110K | $1.1M | $647K | $1 | — | View 990 |
| 2014 | $1.3M | $742K | $1.7M | $1 | — | View 990 |
| 2013 | $555K | $3.7M | $1.1M | $0 | — | View 990 |
| 2012 | $3.3M | $8K | $3.8M | $1 | — | View 990 |
| 2011 | $121K | $233K | $526K | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $145K, expenses of $9K, and assets of $686K (revenue +1047.8% year-over-year).
- 2022: Revenue of $13K, expenses of $9K, and assets of $551K (revenue +45.6% year-over-year).
- 2021: Revenue of $9K, expenses of $159K, and assets of $547K (revenue -5.7% year-over-year).
- 2020: Revenue of $9K, expenses of $294K, and assets of $697K (revenue -57.1% year-over-year).
- 2019: Revenue of $21K, expenses of $832K, and assets of $982K (revenue -80.6% year-over-year).
- 2015: Revenue of $110K, expenses of $1.1M, and assets of $647K (revenue -91.8% year-over-year).
- 2014: Revenue of $1.3M, expenses of $742K, and assets of $1.7M (revenue +142.4% year-over-year).
- 2013: Revenue of $555K, expenses of $3.7M, and assets of $1.1M (revenue -83.1% year-over-year).
- 2012: Revenue of $3.3M, expenses of $8K, and assets of $3.8M (revenue +2617.8% year-over-year).
- 2011: Revenue of $121K, expenses of $233K, and assets of $526K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for The Timothy And Susanne Sullivan Family Foundation:
Data Sources and Methodology
This transparency report for The Timothy And Susanne 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.