Bob Sullivan Memorial Foundation Inc is a private foundation focused on Education, based in NORWELL, MA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $564K in total assets. In 2024, it awarded 16 grants totaling $33K. Net investment income was $42K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$564K
+13.2% YoY
Annual Giving
$33K
+24.4% YoY
Grant Count
16
+77.8% YoY
Avg Grant Size
$2K
-30.0% YoY
Under IRS private-foundation payout rules, Bob Sullivan Memorial Foundation Inc reported a distributable amount of $30K for 2024 — the minimum it must pay out in qualifying distributions.
About Bob Sullivan Memorial Foundation Inc
Based on IRS filings
Bob Sullivan Memorial Foundation Inc is a private foundation focused on Education, based in NORWELL, MA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $564K in total assets. In 2024, it awarded 16 grants totaling $33K. Net investment income was $42K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $563,860 | $498,245 | $466,918 |
| Revenue | $92,943 | $65,411 | $39,495 |
| Expenses | $33,313 | $31,741 | $10,828 |
| Qualifying Distributions | $33,193 | $26,670 | $9,000 |
| Net Investment Income | $42,223 | $15,235 | $18,725 |
| Distributable Amount | $30,049 | $27,307 | $26,006 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
37 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Syracuse University ($4,500), University of Connecticut ($4,500), Massachusetts Maritime Academy ($4,000).
| Recipient | Purpose | Amount |
|---|---|---|
| Salve Regina University Newport, RI | SUPPORT FOR EDUCATION | $3,000 |
| Massachusetts Maritime Academy Buzzards Bay, MA | support for education | $4,000 |
| Syracuse University Syracuse, NY | Support for education | $4,500 |
| University of Maryland College Park, MD | SUPPORT FOR EDUCATION | $500 |
| James Madison University Harrisonburg, VA | SUPPORT FOR EDUCATION | $500 |
| University of Connecticut Storrs, CT | SUPPORT FOR EDUCATION | $4,500 |
| Stonehill College Easton, MA | Support for education | $500 |
| Framingham State University Framingham, MA | SUPPORT FOR EDUCATION | $500 |
| University of Massachusetts - Amherst Amherst, MA | SUPPORT FOR EDUCATION | $500 |
| Rob Roy academy Fall River, MA | SUPPORT FOR EDUCATION | $3,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| PAUL SULLIVAN | PRESIDENT | 5 | — |
| MAUREEN CULLITY | TREASURER | 5 | — |
| JOE ZACCHEO | CLERK | 1 | — |
| ROBERT D SULLIVAN | DIRECTOR | 1 | — |
| WILLIAM SULLIVAN | DIRECTOR | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Bob Sullivan Memorial Foundation Inc?
Bob Sullivan Memorial Foundation Inc is a private foundation focused on Education, based in NORWELL, MA. It holds $564K in total assets as of 2024.
How large is Bob Sullivan Memorial Foundation Inc?
As of 2024, Bob Sullivan Memorial Foundation Inc holds $564K in total assets with $93K in annual revenue. It awarded 16 grants totaling $33K in 2024.
Where does Bob Sullivan Memorial Foundation Inc operate?
Bob Sullivan Memorial Foundation Inc has awarded grants in Connecticut, Massachusetts, Maryland, New Hampshire, New York, Ohio, Pennsylvania, Rhode Island, South Carolina, Virginia, Vermont.
What size grants does Bob Sullivan Memorial Foundation Inc award?
In 2024, Bob Sullivan Memorial Foundation Inc awarded 16 grants totaling $33K — an average of about $2K per grant, based on its IRS Form 990 filings.
How much is Bob Sullivan Memorial Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Bob Sullivan Memorial Foundation Inc reported a distributable amount of $30K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Bob Sullivan Memorial Foundation Inc's EIN?
Bob Sullivan Memorial Foundation Inc's EIN (Employer Identification Number) is 04-3214451. IRS Form 990 filing data is available on this page for 2020–2024.
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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