Thomas C & Sandra S Sullivan Foundation
Thomas C & Sandra S Sullivan Foundation maintains over $5 million in assets despite fluctuating revenues and no officer compensation.
EIN: 10779923 · Cleveland, OH · Updated: 2026-03-27
| Metric | Value |
|---|---|
| Total Revenue | $563K |
| Total Expenses | $340K |
| Program Spending | 90% |
| CEO/Top Officer Pay | $5 |
| Net Assets | $5.0M |
| Transparency Score | 85/100 |
Is Thomas C & Sandra S Sullivan Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Thomas C & Sandra S Sullivan Foundation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Thomas C & Sandra S Sullivan Foundation
Thomas C & Sandra S Sullivan Foundation (EIN: 10779923) is a nonprofit organization based in Cleveland, OH. The organization reported total revenue of $563K and total assets of $5.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Thomas C & Sandra S Sullivan Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Thomas C & Sandra S Sullivan Foundation is a small nonprofit that has been operating for 80 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 0.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $261K |
| Total Expenses | $340K |
| Surplus / Deficit | $-78,789 |
| Total Assets | $5.1M |
| Total Liabilities | $26K |
| Net Assets | $5.0M |
| Operating Margin | -30.2% |
| Debt-to-Asset Ratio | 0.5% |
| Months of Reserves | 178.8 months |
Financial Health Grade: B
In 2023, Thomas C & Sandra S Sullivan Foundation reported a deficit of $79K with expenses exceeding revenue, holds 178.8 months of operating reserves (strong position), has a debt-to-asset ratio of 0.5% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Thomas C & Sandra S Sullivan Foundation's revenue has grown at a compound annual growth rate (CAGR) of 0.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +525.8% | +4.1% | +8.5% |
| 2022 | -94.1% | -8.0% | -18.7% |
| 2021 | -0.3% | +18.5% | +8.8% |
| 2020 | +203.6% | +9.7% | +16.3% |
| 2019 | -41.6% | +1.2% | +12.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1700 |
| IRS Ruling Date | 1946 |
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 Thomas C & Sandra S Sullivan 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, Thomas C & Sandra S Sullivan 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 deficit of $79K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.5%.
Executive Compensation Analysis
The foundation consistently reports 0% officer compensation across all available filings, indicating that its leadership is not compensated through the organization's funds, which is highly commendable for a foundation of its size with assets exceeding $5 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 Thomas C & Sandra S Sullivan Foundation's IRS 990 filings:
- Revenue volatility makes consistent annual grantmaking planning challenging
- Expenses exceeded revenue in multiple periods (e.g., 2023, 2022, 2019, 2016, 2015, 2014) indicating reliance on asset drawdowns.
Strengths
The following positive indicators were identified for Thomas C & Sandra S Sullivan Foundation:
- Consistent asset growth, reaching over $5 million in 2023.
- Zero officer compensation reported across all filings, indicating high efficiency and dedication.
- Consistent IRS 990 filing history demonstrates transparency.
- Low liabilities, with many years reporting $0 liabilities.
Frequently Asked Questions about Thomas C & Sandra S Sullivan Foundation
Is Thomas C & Sandra S Sullivan Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Thomas C & Sandra S Sullivan Foundation (EIN: 10779923) some concerns. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.
How does Thomas C & Sandra S Sullivan Foundation spend its money?
Thomas C & Sandra S Sullivan Foundation directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Thomas C & Sandra S Sullivan Foundation tax-deductible?
Thomas C & Sandra S Sullivan Foundation is registered as a tax-exempt nonprofit (EIN: 10779923). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Thomas C & Sandra S Sullivan Foundation CEO make?
Thomas C & Sandra S Sullivan Foundation's highest-compensated officer earns $5 annually. The organization reported $563K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
Where is Thomas C & Sandra S Sullivan Foundation located?
Thomas C & Sandra S Sullivan Foundation is headquartered in Cleveland, Ohio and files with the IRS under EIN 10779923.
How many years of IRS 990 filings does Thomas C & Sandra S Sullivan Foundation have?
Thomas C & Sandra S Sullivan Foundation has 13 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 $563K in total revenue.
Is the Thomas C & Sandra S Sullivan Foundation a good charity?
Based on the available data, the foundation demonstrates strong financial stability with over $5 million in assets and a commendable practice of not compensating its officers. Its consistent filing of IRS 990s indicates transparency. However, without specific program details, it's hard to assess the direct impact of its grants.
How does the foundation manage its expenses relative to its revenue?
The foundation's expenses have sometimes exceeded its revenue, such as in 2023 where expenses were $339,919 against revenues of $261,130. This suggests it draws from its substantial asset base or investment income to cover its operations and grantmaking activities.
What is the trend in the foundation's assets?
The foundation's assets have shown consistent growth over the years, increasing from $4,313,315 in 2014 to $5,065,980 in 2023, indicating sound financial management and investment strategies.
Filing History
IRS 990 filing history for Thomas C & Sandra S Sullivan Foundation showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Thomas C & Sandra S Sullivan Foundation's revenue has grown by 5.5%, moving from $248K to $261K. Total assets increased by 15.6% over the same period, from $4.4M to $5.1M. Total functional expenses rose by 58.2%, from $215K to $340K. In its most recent filing year (2023), Thomas C & Sandra S Sullivan Foundation reported a deficit of $79K, with expenses exceeding revenue. The organization holds $26K in liabilities against $5.1M in assets (debt-to-asset ratio: 0.5%), resulting in net assets of $5.0M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $261K | $340K | $5.1M | $26K | — | — |
| 2022 | $42K | $327K | $4.7M | $0 | — | View 990 |
| 2021 | $704K | $355K | $5.7M | $0 | — | View 990 |
| 2020 | $706K | $299K | $5.3M | $10K | — | View 990 |
| 2019 | $233K | $273K | $4.5M | $0 | — | View 990 |
| 2018 | $398K | $270K | $4.0M | $0 | — | View 990 |
| 2017 | $352K | $281K | $4.5M | $0 | — | View 990 |
| 2016 | $121K | $302K | $4.0M | $0 | — | View 990 |
| 2015 | $216K | $311K | $4.0M | $0 | — | View 990 |
| 2014 | $226K | $271K | $4.3M | $0 | — | View 990 |
| 2013 | $1.2M | $2.1M | $3.8M | $0 | — | View 990 |
| 2012 | $134K | $205K | $4.4M | $0 | — | View 990 |
| 2011 | $248K | $215K | $4.4M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $261K, expenses of $340K, and assets of $5.1M (revenue +525.8% year-over-year).
- 2022: Revenue of $42K, expenses of $327K, and assets of $4.7M (revenue -94.1% year-over-year).
- 2021: Revenue of $704K, expenses of $355K, and assets of $5.7M (revenue -0.3% year-over-year).
- 2020: Revenue of $706K, expenses of $299K, and assets of $5.3M (revenue +203.6% year-over-year).
- 2019: Revenue of $233K, expenses of $273K, and assets of $4.5M (revenue -41.6% year-over-year).
- 2018: Revenue of $398K, expenses of $270K, and assets of $4.0M (revenue +13.2% year-over-year).
- 2017: Revenue of $352K, expenses of $281K, and assets of $4.5M (revenue +191.8% year-over-year).
- 2016: Revenue of $121K, expenses of $302K, and assets of $4.0M (revenue -44.2% year-over-year).
- 2015: Revenue of $216K, expenses of $311K, and assets of $4.0M (revenue -4.2% year-over-year).
- 2014: Revenue of $226K, expenses of $271K, and assets of $4.3M (revenue -81.9% year-over-year).
- 2013: Revenue of $1.2M, expenses of $2.1M, and assets of $3.8M (revenue +831.4% year-over-year).
- 2012: Revenue of $134K, expenses of $205K, and assets of $4.4M (revenue -45.9% year-over-year).
- 2011: Revenue of $248K, expenses of $215K, and assets of $4.4M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Thomas C & Sandra S Sullivan Foundation:
Data Sources and Methodology
This transparency report for Thomas C & Sandra S Sullivan 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.