Frank and Carolyn Sullivan

Private foundation · Grantmaker Manasquan, NJ EIN: 47-7087688

Frank and Carolyn Sullivan is a private foundation, based in Manasquan, NJ. IRS filing data is available from 2019 through 2025. As of 2025, the organization holds $210K in total assets. In 2025, it awarded 4 grants totaling $144K. Net investment income was $23K.

Key facts about Frank and Carolyn Sullivan

In short: Frank and Carolyn Sullivan gave $144K across 4 grants in 2025 (avg $36K), mostly in Ohio. Source: 2025 IRS Form 990-PF.

EIN
47-7087688
Latest 990 filing
Form 990-PF, 2025
Annual giving (2025)
$143,500
Grants made (2025)
4
Average grant
$35,875
Median grant
$6,500
Total assets
$210,365
Primary geography
Ohio (91% of itemized 2025 grant dollars)

Data from IRS Form 990-PF, 2025; updated September 2026.

Financial Overview

From 2025 IRS Form 990-PF · View filing

Total Assets

$210K

-37.4% YoY

Annual Giving

$144K

+925.0% YoY

Grant Count

4

+33.3% YoY

Avg Grant Size

$36K

+668.7% YoY

How Frank and Carolyn Sullivan gives

  • Giving grew 1096% from 2022 to 2025. Method

From the foundation's IRS Form 990-PF filings. Methodology.

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

6states

Share of 2025 grant dollars across all 4 itemized grants.

Cities

SomersetBound BrookNew YorkLebanonWashingtonMorristownAsbury ParkCincinnatiDallasMontgomeryNew BrunswickPerth Amboy

Giving Over Time

Total grant dollars and number of grants per year

$0$50K$100K$150K4 grants2019 5 grants2020 3 grants2021 3 grants2022 6 grants2023 3 grants2024 4 grants2025

From 2019 to 2025, annual grant giving ranged from $5K (2019) to $144K (2025). In 2025 it made 4 grants totaling $144K.

Grant Insights

How this funder distributes its grants

Top Recipients

Top 4 recipients in 2025

Fidelity Charitable (Sullivan Fund): $130KFidelity Charitable (SullivanFund)$130KACLU Foundation: $10KACLU Foundation$10KCenter for Great Expectations: $3KCenter for Great Expectations$3KMarket Street at Jersey Shore: $500Market Street at Jersey Shore$500

The largest 2025 recipient was Fidelity Charitable (Sullivan Fund) ($130K). Together the top 4 received $144K.

Grant Size Distribution

19 grants across all recorded years

18<$50K$50–100K1$100–250K$250–500K$500K–1M$1–5M$5M+

The most common grant size was under $50K: 18 grants of 19 (95%).

Giving History

Grant recipients and amounts by year

RecipientPurposeAmount
Fidelity Charitable (Sullivan Fund) Cincinnati, OHGeneral Unrestricted$130,000
ACLU Foundation New York, NYGeneral Unrestricted$10,000
Center for Great Expectations Somerset, NJGfeneral Unrestricted$3,000
Market Street at Jersey Shore Asbury Park, NJGeneral Unrestricted$500

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$50K$100K$150K$200K2019 2020 2021 2022 2023 2024 2025
Metric202520242023
Total Assets$210,365$335,951$275,415
Revenue$32,358$76,571$77,654
Expenses$144,641$14,954$17,634
Qualifying Distributions$143,500$14,000$17,108
Net Investment Income$22,528$20,806$16,559

Data update history

When this profile's IRS filing data changed on Grantable

  1. Added Form 990-PF for fiscal year 2019 (received by the IRS May 18, 2020)
  2. Added Form 990-PF for fiscal year 2025 (received by the IRS June 5, 2026)
  3. IRS filings on file for fiscal years 2020–2024

Leadership & Key People

Officers and directors from IRS filings

Frank and Carolyn Sullivan's 2025 filing lists 4 officers; none of the 4 officers listed in 2025 report compensation.

Officers on the 2025 filing

  • Carolyn Sullivan

    Trustee

    On filings since 2019

    No compensation reported

  • Frank J. Sullivan

    Trustee

    On filings since 2019

    No compensation reported

  • Stephen M. Sullivan

    Trustee

    On filings since 2019

    No compensation reported

  • Michael Sullivan

    Trustee

    On filings since 2020

    No compensation reported

Data from IRS Form 990 filings, 2019–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.

Frequently asked questions about Frank and Carolyn Sullivan

How much does Frank and Carolyn Sullivan give each year?

Frank and Carolyn Sullivan gave $144K across 4 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $14K across 3 grants.

What is Frank and Carolyn Sullivan's typical grant size?

Frank and Carolyn Sullivan's median grant in 2025 was $6,500, and its average grant was $35,875, across 4 grants on its 2025 IRS Form 990-PF.

Where does Frank and Carolyn Sullivan give grants?

Frank and Carolyn Sullivan gives mostly in Ohio: 91% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The next largest state was New York (7%).

Does Frank and Carolyn Sullivan give general operating support?

Yes: 100% of Frank and Carolyn Sullivan's 2025 grants with a stated purpose (4 of 4) were for general or operating support, per its 2025 IRS Form 990-PF.

How large is Frank and Carolyn Sullivan?

Frank and Carolyn Sullivan reported $210K in total assets on its 2025 IRS Form 990-PF. Its revenue that year was $32K.

What is Frank and Carolyn Sullivan's EIN?

Frank and Carolyn Sullivan's EIN (Employer Identification Number) is 47-7087688. IRS Form 990 filing data is available on this page for 2019–2025.

Data last updated September 2026. Sourced from IRS Form 990-PF filings.

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