Bob Sullivan Memorial Foundation Inc in Norwell, Massachusetts (MA)
Table of contents:
| Bob Sullivan Memorial Foundation Inc | |
| Employer Identification Number (EIN) | 043214451 |
| Name of Organization | Bob Sullivan Memorial Foundation Inc |
| In Care of Name | Sullivan Tire Co Inc |
| Address | 41 Accord Park Dr, Norwell, MA 02061-1614 |
| Activities | Described in section 170(b)1)(a)(vi) of the Code, Scholarships (other) |
| Subsection | Charitable Organization |
| Ruling Date | 05/1994 |
| Deductibility | Contributions are deductible |
| Foundation | Organization which receives a substantial part of its support from a governmental unit or the general public |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2013 |
| Assets | $100,000 to $499,999 |
| Income | $10,000 to $24,999 |
| Filing Requirement | 990 - Required to file Form 990-N - Income less than $25,000 per year |
| Asset Amount | $313,385 |
| Amount of Income | $11,670 |
| Form 990 Revenue Amount | $11,670 |
| National Taxonomy of Exempt Entities (NTEE) | Educational Institutions and Related Activities: Scholarships, Student Financial Aid Services, Awards |
Non-representatives - add comments:
Amount of income in 2013: $11,670 (it was $15,123 in 2012)
| This organization: | $11,670 |
| Other organizations performing similar types of work: | $41,680 |
Assets in 2013: $313,385 (it was $286,962 in 2012)
| Bob Sullivan Memorial Foundation Inc: | $313,385 |
| Other organizations performing similar types of work: | $65,579 |
Expenses in 2013: $22,806
| Bob Sullivan Memorial Foundation Inc: | $22,806 |
| Other organizations performing similar types of work: | $24,470 |
Income to expenses ratio in 2013: 0.5
| This organization: | 0.5 |
| Other organizations performing similar types of work: | 0.5 |
Grants share in income in 2013: 11.8%
| This organization: | 11.8% |
| Other organizations performing similar types of work: | 9.0% |
Revenue for 2013
Support schedule
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total revenue | $31,844 | $15,123 | $11,670 |
| Contributions, gifts, grants, and similar amounts received | $22,906 | $10,044 | $1,375 |
| Program service revenue including government fees and contracts | $0 | $0 | $0 |
| Membership dues and assessments | $0 | $0 | $0 |
| Investment income | $4,271 | $5,079 | $10,295 |
| Gain/Loss from sale of assets other than inventory | $553 | $0 | $0 |
| Net income/loss from gaming and fundraising events | $4,114 | $0 | $0 |
| Gross profit/loss from sales of inventory | $0 | $0 | $0 |
| Other revenue | $0 | $0 | $0 |
| Total expenses | $19,298 | $22,838 | $22,806 |
| Total net assets | $272,882 | $286,962 | $313,385 |
| Excess/Deficit for the year | $12,546 | $-7,715 | $-11,136 |
| Net assets or fund balances at beginning of year | $259,480 | $272,882 | $286,962 |
| Other changes in net assets or fund balances | $856 | $21,795 | $37,559 |
| Net assets or fund balances at end of year | $286,962 | $313,385 | |
| Balance Sheets | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total assets | $272,882 | $286,962 | $313,385 |
| Total liabilities | $0 | $0 | $0 |
| Net assets or fund balances | $272,882 | $286,962 | $313,385 |
| Other Information | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Did the organization engage in any significant activity not previously reported to the IRS? | No | No | |
| Were any significant changes made to the organizing or governing documents? | No | No | |
| Did the organization have unrelated business gross income of $1,000 or more during the year from business activities | No | No | No |
| Has the organization filed a Form 990-T for the year? | No | No | |
| Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year? | No | No | |
| Amount of political expenditures, direct or indirect | $0 | $0 | |
| Did the organization file Form 1120-POL for this year? | No | No | |
| Did the organization borrow from, or make any loans to, any officer, director, trustee, or key employee or were any such loans made in a prior year and still outstanding at the end of the tax year covered by this return? | No | No | |
| Total amount involved | $0 | $0 | |
| Initiation fees and capital contributions | $0 | $0 | $0 |
| Gross receipts for public use of club facilities | $0 | $0 | $0 |
| Did the organization engage in any section 4958 excess benefit transaction during the year, or did it engage in an excess benefit transaction in a prior year that has not been reported on any of its prior Forms 990 or 990-EZ? | No | No | |
| At any time during the tax year, was the organization a party to a prohibited tax shelter transaction? | No | No | |
| Reason for Public Charity Status (for 2013) | |
| The organization is not a private foundation because it is: | An organization that normally receives: (1) more than 33 1/3 % of its support from contributions, membership fees, and gross receipts from activities related to its exempt functions - subject to certain exceptions, and (2) no more than 33 1/3 % of its support from gross investment income and unrelated business taxable income (less section 511 tax) from businesses acquired by the organization after June 30, 1975 |
| Number of organizations supported | 0 |
| Sum of amounts of support | $0 |
| Support Schedule for Organizations Described in Section 509(a)(2) (for 2009 - 2013) | |
| 2009 - 2013 Total | |
|---|---|
| Public support | $155,634 |
| Subtotal | $155,634 |
| Gifts, grants, contributions, and membership fees received | $41,500 |
| Gross receipts from admissions, merchandise sold or services performed, or facilities furnished in any activity that is related to the organization's tax-exempt purpose | $114,134 |
| Gross receipts from activities that are not an unrelated trade or business under section 513 | $0 |
| Tax revenues levied for the organization's benefit and either paid to or expended on its behalf | $0 |
| The value of services or facilities furnished by a governmental unit to the organization without charge | $0 |
| Less | $0 |
| Amounts received from disqualified persons | $0 |
| Amounts received from other than disqualified persons that exceed the greater of $5,000 or 1% of the total support | $0 |
| Total support | $186,402 |
| Public support | $155,634 |
| Subtotal | $30,768 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $30,768 |
| Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975 | $0 |
| Net income from unrelated business activities, whether or not the business is regularly carried on | $0 |
| Other income | $0 |
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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Us-Central Asia Education Foundation | 124 U St Nw, Washington, DC 20001-1606 | DC | 2007-10 | $4,838,252 |
| 2 | Subsea Tieback Scholarship Fund | 5418 Woodbury St, Fulshear, TX 77441-4139 | TX | 2007-10 | $101,112 |
| 3 | Tom Mcmahon Construction Scholarship Fund | 4441 S Abilene Cir, Aurora, CO 80015-1047 | CO | 2006-11 | $18,033 |
| 4 | Wenham Village Improvement Society Inc | PO BOX 554, Wenham, MA 01984-2554 | MA | 1995-02 | $20,221,001 |
| 5 | Ja Worldwide Inc, Ja Worldwide | 177 Milk Street, Boston, MA 02109-3404 | MA | 2014-03 | $16,536,945 |
| 6 | Stephen Phillips Memorial Scholarship Fund Inc | 230 Congress St Fl 12, Boston, MA 02110-2464 | MA | 2011-06 | $14,954,044 |
| 7 | Community Scholarship Foundation Inc | 800 Boylston St Ste 1150, Boston, MA 02199-8123 | MA | 2014-07 | $5,352,529 |
| 8 | Foundation For Global Health Service, Global Health Service Corps | 19 Louisburg Square, Boston, MA 02108 | MA | 2011-12 | $3,347,354 |
| 9 | Preshco Inc | Hatfield Hall Smith College, Northampton, MA 01063-0001 | MA | 2011-10 | $1,551,584 |
| 10 | Ma-Aua Education Fund Inc | 900 Cummings Center No 221-U, Beverly, MA 01915 | MA | 2008-09 | $1,406,756 |
| 11 | Justin Smith Morrill Scholarships | PO BOX 1330, Hyannis, MA 02601-1330 | MA | 2010-09 | $1,284,051 |
| 12 | Salvatore And Maria Pizzi Family Foundation Inc | 1372 Hancock St Ste 202, Quincy, MA 02169-5107 | MA | 2012-07 | $1,028,339 |
| 13 | The Ellie Fund, Popkin Jeff | 475 Hillside Avenue, Needham, MA 02494-1278 | MA | 1995-10 | $934,678 |
| 14 | Saab Family Foundation | 579 E Merrimack St, Lowell, MA 01852-1418 | MA | 2013-04 | $499,436 |
| 15 | The@david J Harb Charitable Tr | 18 Nachaomet Rd, Lakeville, MA 02347-2142 | MA | 2011-08 | $416,811 |
| 16 | Timothy G Taylor Tr 1997, Wareham Robert L Ttee | 160 Federal St Fl 20, Boston, MA 02110-1700 | MA | 2000-10 | $402,628 |
| 17 | Worcester Educational Development Foundation Inc | 210 Park Avenue No 224, Worcester, MA 01609-2246 | MA | 2005-12 | $384,927 |
| 18 | Explore Mars Inc | 100 Cummings Ctr Ste 331k, Beverly, MA 01915-6123 | MA | 2010-06 | $320,036 |
| 19 | Stephen Sullivan Scholarship Trust Fund | 2036 Washington St, Hanover, MA 02339-1617 | MA | 2002-09 | $302,411 |
| 20 | Strategy Alpha International Foundation Corp | 58 Lowell Mail Ctr, Cambridge, MA 02138-7527 | MA | 2009-01 | $300,000 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 23,481 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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