Sullivan Foundation Inc in Charlotte, North Carolina (NC)
Table of contents:
- Overview
- Detailed Reports
- Analysis of Revenue and Expenses
- Balance Sheets
- Capital Gains and Losses for Tax on Investment Income
- Excise Tax Based on Investment Income
- Statements Regarding Activities
- Statements Regarding Activities for Which Form 4720 May Be Required
- Minimum Investment Return
- Distributable Amount
- Undistributed Income
- Private Operating Foundations
- Other organizations in North Carolina
| Sullivan Foundation Inc | |
| Employer Identification Number (EIN) | 237004267 |
| Name of Organization | Sullivan Foundation Inc |
| Address | 911 Harvard Pl, Charlotte, NC 28207-1839 |
| Activities | Gifts, grants, or loans to other organizations |
| Subsection | Charitable Organization |
| Ruling Date | 07/1969 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 11/2010 |
| Assets | $25,000 to $99,999 |
| Income | $1 to $9,999 |
| Filing Requirement | 990 - Not required to file (all other) (990-PF required) |
| Asset Amount | $67,627 |
| Amount of Income | $319 |
| Form 990 Revenue Amount | $275 |
Non-representatives - add comments:
Expenses for 2011
Assets for 2011
| Analysis of Revenue and Expenses (for 2011) | ||||
| Revenue and expenses per books | Net investment income | Adjusted net income | Disbursements for charitable purposes (cash basis only) | |
|---|---|---|---|---|
| Total revenue | $275 | $275 | $0 | |
| Contributions, gifts, grants, etc., received | $0 | |||
| Interest on savings and temporary cash investments | $0 | |||
| Dividends and interest from securities | $275 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $0 | |||
| Total expenses and disbursements | $5,087 | $1,642 | $0 | $3,445 |
| Compensation of officers, directors, trustees, etc. | $0 | |||
| Total operating and administrative expenses | $1,642 | $1,642 | $0 | |
| Contributions, gifts, grants paid | $3,445 | |||
| Excess of revenue over expenses and disbursements | $-4,812 | |||
| Net investment income | $0 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2011) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $62,815 | $60,864 |
| Cash - non-interest-bearing | $19 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $5,239 | |
| Investments-corporate bonds | $0 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $0 | |
| Other | $57,557 | |
| Total liabilities | $0 | |
| Total liabilities and net assets/fund balances | $62,815 | |
| Capital Gains and Losses for Tax on Investment Income (for 2011) | |
| Capital gain net income | $0 |
| Net capital loss | $0 |
| Excise Tax Based on Investment Income (for 2011) | |
| Domestic foundations that meet the section 4940(e) requirements (for Reduced Tax on Net Investment Income) | No |
| Tax based on investment income | $0 |
| Total credits and payments | $0 |
| Any penalty for underpayment of estimated tax | $0 |
| Tax due | $0 |
| Amount to be credited to 2012 estimated tax | $0 |
| Statements Regarding Activities (for 2011) | |
| During the tax year, did the foundation attempt to influence any national, state, or local legislation or did it participate or intervene in any political campaign? | No |
| Was there a liquidation, termination, dissolution, or substantial contraction during the year? | No |
| Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3) or 4942(j)(5) for calendar year 2011 or the taxable year beginning in 2011? | No |
| Statements Regarding Activities for Which Form 4720 May Be Required (for 2011) | |
| During the year did the foundation (either directly or indirectly): | |
| Engage in the sale or exchange, or leasing of property with a disqualified person? | No |
| Borrow money from, lend money to, or otherwise extend credit to (or accept it from) a disqualified person? | No |
| Furnish goods, services, or facilities to (or accept them from) a disqualified person? | No |
| Pay compensation to, or pay or reimburse the expenses of, a disqualified person? | No |
| Transfer any income or assets to a disqualified person (or make any of either available for the benefit or use of a disqualified person)? | No |
| Agree to pay money or property to a government official? | No |
| At the end of tax year 2011, did the foundation have any undistributed income for tax year(s) beginning before 2011? | No |
| Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at any time during the year? | No |
| Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes? | No |
| During the year did the foundation pay or incur any amount to: | |
| Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? | No |
| Influence the outcome of any specific public election (see section 4955); or to carry on, directly or indirectly, any voter registration drive? | No |
| Provide a grant to an individual for travel, study, or other similar purposes? | No |
| Provide a grant to an organization other than a charitable, etc., organization described in section 509(a)(1), (2), or (3), or section 4940(d)(2)? | No |
| Provide for any purpose other than religious, charitable, scientific, literary, or educational purposes, or for the prevention of cruelty to children or animals? | No |
| Minimum Investment Return (for 2011) | |
| Fair market value of assets not used (or held for use) directly in carrying out charitable, etc., purposes | $64,916 |
| Net value of noncharitable-use assets | $63,940 |
| Minimum investment return | $3,197 |
| Distributable Amount (for 2011) | |
| Distributable amount | $3,197 |
| Undistributed Income (for 2011) | |
| Distributable amount for 2011 | $3,197 |
| Undistributed income for 2011. This amount must be distributed in 2012 | $3,197 |
| Private Operating Foundations (for 2011) | |||||
| 2011 | 2010 | 2009 | 2008 | Total | |
|---|---|---|---|---|---|
| The lesser of the adjusted net income or the minimum investment return | $0 | $0 | $0 | $0 | $0 |
| Qualifying distributions made directly for active conduct of exempt activities | $0 | $0 | $0 | $0 | $0 |
| Value of all assets | $0 | $0 | $0 | $0 | $0 |
| Value of assets qualifying under section 4942(j)(3)(B)(i) | $0 | $0 | $0 | $0 | $0 |
| 2/3 of minimum investment return | $0 | $0 | $0 | $0 | $0 |
| Total support other than gross investment income (interest, dividends, rents, payments on securities loans (section 512(a)(5)), or royalties) | $0 | $0 | $0 | $0 | $0 |
| Support from general public and 5 or more exempt organizations as provided in section 4942(j)(3)(B)(iii) | $0 | $0 | $0 | $0 | $0 |
| Gross investment income | $0 | $0 | $0 | $0 | $0 |
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| Other organizations in North Carolina | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Students In Training, S I T | 514 S Salisbury Ave, Spencer, NC 28159-2102 | NC | 2006-07 | $16,638 |
| 2 | Study | PO BOX 16706, Charlotte, NC 28297-6706 | NC | 1999-05 | $46,925 |
| 3 | Study Booklets | 780 Olivette Rd, Asheville, NC 28804-9674 | NC | 1974-07 | $7,840 |
| 4 | Sturgeon City Of Jacksonville Nc | PO BOX 1056, Jacksonville, NC 28541-1056 | NC | 2001-01 | $390,582 |
| 5 | Center For Prevention Services | 1117 East Morehead Street, Charlotte, NC 28204-2895 | NC | 1972-01 | $1,174,043 |
| 6 | Sue M Ehrgood Charitable Tr | 1 W 4th St 4th Fl, Winston Salem, NC 27101-3818 | NC | $243,653 | |
| 7 | Sugar Creek Charter School Inc | PO BOX 110, Rutherfordton, NC 28139-0110 | NC | 2003-03 | $8,367,448 |
| 8 | Sugar Grove Developmental Day School Inc | PO BOX 453, Sugar Grove, NC 28679-0453 | NC | 1995-09 | $311,255 |
| 9 | Sugar Hill Montford Cove Volunteer Fire Department Inc | 8833 Sugar Hill Rd, Marion, NC 28752 | NC | 1989-04 | $140,363 |
| 10 | Sugarman Family Foundation | 7631 Trowbridge Ct, Raleigh, NC 27613-1626 | NC | 1995-11 | $11,182 |
| 11 | Sullivan Foundation Inc | 911 Harvard Pl, Charlotte, NC 28207-1839 | NC | 1969-07 | $319 |
| 12 | Sumas Foundation | 1 W 4th St 4th Fl, Winston Salem, NC 27101-3818 | NC | 1968-12 | $3,979 |
| 13 | Summer Foundation Tr Nc2019562838 | 1525 W W T Harris Blvd, Charlotte, NC 28262-8522 | NC | 1986-01 | $726,535 |
| 14 | Summer Rest Foundation, Thornton W Gerald Ttee | PO BOX 1330, Writsvlle Bch, NC 28480-1330 | NC | 1999-03 | $2,257,205 |
| 15 | Summerfield Community Center Inc | PO BOX 327, Summerfield, NC 27358-0327 | NC | 1974-10 | $7,597 |
| 16 | Summerfield Recreation Association Inc | PO BOX 147, Summerfield, NC 27358-0147 | NC | 1976-05 | $178,347 |
| 17 | Summerville Bunnlevel Fire & Rescue Inc | PO BOX 1144, Lillington, NC 27546-1144 | NC | 1993-05 | $431,828 |
| 18 | Summit Charter School Inc | 370 Mitten Ln, Cashiers, NC 28717-4511 | NC | 1998-03 | $1,850,691 |
| 19 | Summit Figure Skating Club Of Nc Inc | 5835 Cardinal Way, Greensboro, NC 27410 | NC | 2009-06 | $0 |
| 20 | Summit House Inc | PO BOX 13568, Greensboro, NC 27415-3568 | NC | 2004-02 | $24,218 |
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