Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
right arrowDo not enter social security numbers on this form as it may be made public.
right arrowGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0047
2022
Open to Public Inspection
For calendar year 2022, or tax year beginning 01-01-2022 , and ending 12-31-2022
Name of foundation
SUSAN R AND JOHN W SULLIVAN FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)10 SE CENTRAL PARKWAY 210
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
STUART, FL34994
A Employer identification number

22-2612047
B Telephone number (see instructions)

(772) 283-3838
C right arrow
G Check all that apply:

D 1. Foreign organizations, check here............. right arrow
2. Foreign organizations meeting the 85%
test, check here and attach computation ... right arrow
E right arrow
H Check type of organization:
F right arrow
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)right arrow$5,003,768J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule)  
2 Check right arrow.............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 95,028 95,028  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 769,065
b Gross sales price for all assets on line 6a 2,490,579
7 Capital gain net income (from Part IV, line 2)... 769,065
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
14,206 188  
12 Total. Add lines 1 through 11........ 878,299 864,281  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 87,500 43,750   43,750
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
8,229 4,114   4,115
c Other professional fees (attach schedule)....        
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
67,606 3,680   2,836
19 Depreciation (attach schedule) and depletion...      
20 Occupancy.............. 25,376 12,688   12,688
21 Travel, conferences, and meetings....... 110 55   55
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
43,834 27,438   105
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 232,655 91,725   63,549
25 Contributions, gifts, grants paid....... 521,390 521,390
26 Total expenses and disbursements. Add lines 24 and 25 754,045 91,725   584,939
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 124,254
b Net investment income (if negative, enter -0-) 772,556
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2022)
Form 990-PF (2022)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing............. 147,229 311,437 311,437
2 Savings and temporary cash investments......... 371,554 411,217 411,217
3 Accounts receivable right arrow  
Less: allowance for doubtful accounts right arrow        
4 Pledges receivable right arrow  
Less: allowance for doubtful accounts right arrow        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) right arrow  
Less: allowance for doubtful accounts right arrow        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule) 260,809 Click to see attachment
List of Attached Documents:
// Content
314,327 		290,832
b Investments—corporate stock (attach schedule).......      
c Investments—corporate bonds (attach schedule)....... 254,618 Click to see attachment
List of Attached Documents:
// Content
194,962 		177,571
11 Investments—land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 4,312,493 Click to see attachment
List of Attached Documents:
// Content
4,241,047 		3,811,755
14 Land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
15 Other assets (describe right arrow) Click to see attachment
List of Attached Documents:
// Content
0 		Click to see attachment
List of Attached Documents:
// Content
956 		Click to see attachment
List of Attached Documents:
// Content
956
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 5,346,703 5,473,946 5,003,768
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe right arrow) Click to see attachment
List of Attached Documents:
// Content
375 		Click to see attachment
List of Attached Documents:
// Content
3,364
23 Total liabilities (add lines 17 through 22)......... 375 3,364
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here right arrow
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions...........    
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here right arrow
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........ 5,346,328 5,470,582
27 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
28 Retained earnings, accumulated income, endowment, or other funds 0 0
29 Total net assets or fund balances (see instructions)..... 5,346,328 5,470,582
30 Total liabilities and net assets/fund balances (see instructions). 5,346,703 5,473,946
Part III
Analysis of Changes in Net Assets or Fund Balances
1
Total net assets or fund balances at beginning of year—Part II, column (a), line 29 (must agree with end-of-year figure reported on prior year’s return) ...............
1
5,346,328
2
Enter amount from Part I, line 27a .....................
2
124,254
3
Other increases not included in line 2 (itemize) right arrow
3
0
4
Add lines 1, 2, and 3 ..........................
4
5,470,582
5
Decreases not included in line 2 (itemize) right arrow
5
0
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
5,470,582
Form 990-PF (2022)
Form 990-PF (2022)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.)		 (b)
How acquired
P—Purchase
D—Donation 		(c)
Date acquired
(mo., day, yr.) 		(d)
Date sold
(mo., day, yr.)
1 a ARBORETUM PARTNERS, LLC - FORM K-1 P   2022-12-31
b SAGIL LATIN AMERICAN FUND P   2022-12-31
c CHARLES SCHWAB #5003- SHORT TERM P   2022-12-31
d CHARLES SCHWAB #5003- LONG TERM P   2022-12-31
e CHARLES SCHWAB #7236- SHORT TERM P   2022-12-31
CHARLES SCHWAB #7236- LONG TERM P   2022-12-31
CAPITAL GAINS DIVIDENDS P    
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a     41 -41
b 430,606   200,000 230,606
c 44,159   45,214 -1,055
d 100,844   106,114 -5,270
e 242,848   247,622 -4,774
1,618,156   1,122,523 495,633
53,966     53,966
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l)
Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i)
F.M.V. as of 12/31/69 		(j)
Adjusted basis
as of 12/31/69 		(k)
Excess of col. (i)
over col. (j), if any
a       -41
b       230,606
c       -1,055
d       -5,270
e       -4,774
      495,633
      53,966
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 769,065
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0-
in Part I, line 8 ................... 		Bracket 3  
Form 990-PF (2022)
Form 990-PF (2022)
Page 4
Part V
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see instructions)
1a Exempt operating foundations described in section 4940(d)(2), check here right arrow and enter “N/A" on line 1. Bracket for line 1a
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions) 1 10,739
b All other domestic foundations enter 1.39% (0.0139) of line 27b. Exempt foreign organizations enter 4% (0.04) of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2 0
3 Add lines 1 and 2........................... 3 10,739
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4 0
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 10,739
6 Credits/Payments:
a 2022 estimated tax payments and 2021 overpayment credited to 2022 6a 6,073
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 7,500
d Backup withholding erroneously withheld ........... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 13,573
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2221 is attached. Click to see attachment
List of Attached Documents:
// Content
8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......right arrow 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...right arrow 10 2,834
11 Enter the amount of line 10 to be: Credited to 2023 estimated taxright arrow2,834 Refundedright arrow 11 0
Part VI-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. right arrow$ 0(2) On foundation managers.right arrow$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.right arrow$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?.........
4a
Yes
 
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
Yes
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
round bullet By language in the governing instrument, or
round bullet By state legislation that effectively amends the governing instrument so that no mandatory directions
that conflict with the state law remain in the governing instrument? ................
6
Yes
 
7
Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
and Part XIV..................................
7
Yes
 
8a
Enter the states to which the foundation reports or with which it is registered (see instructions)
right arrowFL
b
If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
8b
Yes
 
9
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 2022 or the taxable year beginning in 2022? See the instructions for Part XIII.
If "Yes," complete Part XIII .............................
9
 
No
10
Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
and addresses. ...............................
10
 
No
Form 990-PF (2022)
Form 990-PF (2022)
Page 5
Part VI-A
Statements Regarding Activities (continued)
11
At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
11
 
No
12
Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
advisory privileges? If "Yes," attach statement. See instructions.................
12
 
No
13
Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
13
Yes
 
Website addressright arrowN/A
14
The books are in care ofright arrowSUSAN R SULLIVAN Telephone no.right arrow (772) 283-3838

Located atright arrow10 SE CENTRAL PARKWAY 210STUARTFL ZIP+4right arrow34994
15
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........right arrow
and enter the amount of tax-exempt interest received or accrued during the year ........right arrow
15
 
16 At any time during calendar year 2022, did the foundation have an interest in or a signature or other authority over YesNo
a bank, securities, or other financial account in a foreign country? .................
16   No
See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
country right arrow
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required
File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
Yes
No
1a
During the year did the foundation (either directly or indirectly):
(1) Engage in the sale or exchange, or leasing of property with a disqualified person? ...........
1a(1)
 
No
(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
a disqualified person? ..............................
1a(2)
 
No
(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........
1a(3)
Yes
 
(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
1a(4)
Yes
 
(5) Transfer any income or assets to a disqualified person (or make any of either available
for the benefit or use of a disqualified person)? ......................
1a(5)
 
No
(6) Agree to pay money or property to a government official? (Exception. Check "No"
if the foundation agreed to make a grant to or to employ the official for a period
after termination of government service, if terminating within 90 days.) ...............
1a(6)
 
No
b
If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........
1b
 
No
c
Organizations relying on a current notice regarding disaster assistance check here ........right arrow
d
Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
that were not corrected before the first day of the tax year beginning in 2022? .............
1d
 
No
2
Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
a
At the end of tax year 2022, did the foundation have any undistributed income (Part XII, lines 6d
and 6e) for tax year(s) beginning before 2022?....................
2a
 
No
If "Yes," list the years right arrow20, 20, 20, 20
b
Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
(relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
to all years listed, answer "No" and attach statement—see instructions.) ..............
2b
 
 
c
If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
right arrow20, 20, 20, 20
3a
Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
any time during the year? ..............................
3a
 
No
b
If "Yes," did it have excess business holdings in 2022 as a result of (1) any purchase by the foundation
or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
if the foundation had excess business holdings in 2022.) .....................
3b
 
 
4a
Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
4a
 
No
b
Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2022? ..
4b
 
No
Form 990-PF (2022)
Form 990-PF (2022)
Page 6
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required (continued)
5a
During the year did the foundation pay or incur any amount to:
Yes
No
(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........
5a(1)
 
No
(2) Influence the outcome of any specific public election (see section 4955); or to carry
on, directly or indirectly, any voter registration drive? ....................
5a(2)
 
No
(3) Provide a grant to an individual for travel, study, or other similar purposes? .............
5a(3)
 
No
(4) Provide a grant to an organization other than a charitable, etc., organization described
in section 4945(d)(4)(A)? See instructions ........................
5a(4)
 
No
(5) Provide for any purpose other than religious, charitable, scientific, literary, or
educational purposes, or for the prevention of cruelty to children or animals? .............
5a(5)
 
No
b
If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ........
5b
 
 
c
Organizations relying on a current notice regarding disaster assistance check .........right arrow
d
If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
tax because it maintained expenditure responsibility for the grant? .................
5d
 
 
If "Yes," attach the statement required by Regulations section 53.4945–5(d).
6a
Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
a personal benefit contract? .............................
6a
 
No
b
Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
6b
 
No
If "Yes" to 6b, file Form 8870.
7a
At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
7a
 
No
b
If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? .....
7b
 
 
8
Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
excess parachute payment during the year? .........................
8
 
No
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors
1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
(a) Name and address (b) Title, and average
hours per week
devoted to position 		(c) Compensation
 (If not paid, enter
-0-) 		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
other allowances
SUSAN R SULLIVAN PRESIDENT/DIRECTOR
8.00 		25,000 0 0
10 SE CENTRAL PARKWAY SUITE 210
STUART,FL34994
LISA E CHIAVETTA SECRETARY
15.00 		32,500 0 0
10 SE CENTRAL PARKWAY SUITE 210
STUART,FL34994
WILLIAM C FOWLER TREASURER
2.00 		15,000 0 0
10 SE CENTRAL PARKWAY SUITE 210
STUART,FL34994
JENNIFER S MCKAY DIRECTOR
1.00 		3,000 0 0
10 SE CENTRAL PARKWAY SUITE 210
STUART,FL34994
GIERIET S BOWEN DIRECTOR
1.00 		3,000 0 0
10 SE CENTRAL PARKWAY SUITE 210
STUART,FL34994
JOHN W SULLIVAN JR DIRECTOR
1.00 		3,000 0 0
10 SE CENTRAL PARKWAY SUITE 210
STUART,FL34994
J BOLTON SULLIVAN II DIRECTOR
1.00 		3,000 0 0
10 SE CENTRAL PARKWAY SUITE 210
STUART,FL34994
KATHLEEN B SULLIVAN DIRECTOR
1.00 		3,000 0 0
10 SE CENTRAL PARKWAY SUITE 210
STUART,FL34994
2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
(a) Name and address of each employee paid more than $50,000 (b) Title, and average
hours per week
devoted to position 		(c) Compensation (d) Contributions to
employee benefit
plans and deferred
compensation 		(e) Expense account,
other allowances
NONE
Total number of other employees paid over $50,000...................right arrow 0
Form 990-PF (2022)
Form 990-PF (2022)
Page 7
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors (continued)
3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
(a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
NONE
Total number of others receiving over $50,000 for professional services.............right arrow0
Part VIII-A
Summary of Direct Charitable Activities
List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
1  
2  
3  
4  
Part VIII-B
Summary of Program-Related Investments (see instructions)
Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
1  
2  
All other program-related investments. See instructions.
3  
Total. Add lines 1 through 3.........................right arrow0
Form 990-PF (2022)
Form 990-PF (2022)
Page 8
Part IX
Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)
1
Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
purposes:
a
Average monthly fair market value of securities...................
1a
4,707,652
b
Average of monthly cash balances.......................
1b
208,754
c
Fair market value of all other assets (see instructions)................
1c
473,582
d
Total (add lines 1a, b, and c).........................
1d
5,389,988
e
Reduction claimed for blockage or other factors reported on lines 1a and
1c (attach detailed explanation) .............
1e
0
2
Acquisition indebtedness applicable to line 1 assets..................
2
0
3
Subtract line 2 from line 1d.........................
3
5,389,988
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
80,850
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
5,309,138
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
265,457
Part X
Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here right arrow and do not complete this part.)
1
Minimum investment return from Part IX, line 6..................
1
265,457
2a
Tax on investment income for 2022 from Part V, line 5.......
2a
10,739
b
Income tax for 2022. (This does not include the tax from Part V.) ...
2b
1,725
c
Add lines 2a and 2b............................
2c
12,464
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
252,993
4
Recoveries of amounts treated as qualifying distributions................
4
0
5
Add lines 3 and 4............................
5
252,993
6
Deduction from distributable amount (see instructions).................
6
0
7
Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...
7
252,993
Part XI
Qualifying Distributions (see instructions)
1
Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
a
Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........
1a
584,939
b
Program-related investments—total from Part VIII-B..................
1b
0
2
Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
purposes...............................
2
 
3
Amounts set aside for specific charitable projects that satisfy the:
a
Suitability test (prior IRS approval required)....................
3a
 
b
Cash distribution test (attach the required schedule) .................
3b
 
4
Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4. .......
4
584,939
Form 990-PF (2022)
Form 990-PF (2022)
Page 9
Part XII
Undistributed Income (see instructions)
(a)
Corpus 		(b)
Years prior to 2021 		(c)
2021 		(d)
2022
1 Distributable amount for 2022 from Part X, line 7 252,993
2 Undistributed income, if any, as of the end of 2022:
a Enter amount for 2021 only....... 0
b Total for prior years:20, 20, 20 0
3 Excess distributions carryover, if any, to 2022:
a From 2017...... 197,053
b From 2018...... 138,496
c From 2019...... 227,683
d From 2020...... 252,878
e From 2021...... 222,312
f Total of lines 3a through e ........ 1,038,422
4Qualifying distributions for 2022 from Part
XI, line 4: right arrow$ 584,939
a Applied to 2021, but not more than line 2a 0
b Applied to undistributed income of prior years
(Election required—see instructions)..... 		0
c Treated as distributions out of corpus (Election
required—see instructions)........ 		0
d Applied to 2022 distributable amount..... 252,993
e Remaining amount distributed out of corpus 331,946
5 Excess distributions carryover applied to 2022. 0 0
(If an amount appears in column (d), the
same amount must be shown in column (a).)
6Enter the net total of each column as
indicated below:
a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 1,370,368
b Prior years’ undistributed income. Subtract
line 4b from line 2b .......... 		0
c Enter the amount of prior years’ undistributed
income for which a notice of deficiency has
been issued, or on which the section 4942(a)
tax has been previously assessed...... 		0
d Subtract line 6c from line 6b. Taxable amount
—see instructions ........... 		0
e Undistributed income for 2021. Subtract line
4a from line 2a. Taxable amount—see
instructions ............. 		0
f Undistributed income for 2022. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2023 .......... 		0
7 Amounts treated as distributions out of
corpus to satisfy requirements imposed by
section 170(b)(1)(F) or 4942(g)(3) (Election may
be required - see instructions) ....... 		0
8 Excess distributions carryover from 2017 not
applied on line 5 or line 7 (see instructions) ... 		197,053
9 Excess distributions carryover to 2023.
Subtract lines 7 and 8 from line 6a ...... 		1,173,315
10 Analysis of line 9:
a Excess from 2018.... 138,496
b Excess from 2019.... 227,683
c Excess from 2020.... 252,878
d Excess from 2021.... 222,312
e Excess from 2022.... 331,946
Form 990-PF (2022)
Form 990-PF (2022)
Page 10
Part XIII
Private Operating Foundations (see instructions and Part VI-A, question 9)
1a If the foundation has received a ruling or determination letter that it is a private operating
foundation, and the ruling is effective for 2022, enter the date of the ruling ...... right arrow
 
b Check box to indicate whether the organization is a private operating foundation described in section or
2a Enter the lesser of the adjusted net
income from Part I or the minimum
investment return from Part IX for each
year listed .......... 		Tax year Prior 3 years (e) Total
(a) 2022 (b) 2021 (c) 2020 (d) 2019
         
b 85% (0.85) of line 2a .........          
c Qualifying distributions from Part XI,
line 4 for each year listed ..... 		         
d Amounts included in line 2c not used directly
for active conduct of exempt activities .......... 		         
e Qualifying distributions made directly
for active conduct of exempt activities.
Subtract line 2d from line 2c .... 		         
3 Complete 3a, b, or c for the
alternative test relied upon:
a “Assets" alternative test—enter:
(1) Value of all assets ......          
(2) Value of assets qualifying
under section 4942(j)(3)(B)(i)		          
b “Endowment" alternative test— enter 2/3
of minimum investment return shown in
Part IX, line 6 for each year listed .. 		         
c “Support" alternative test—enter:
(1) Total support other than gross
investment income (interest,
dividends, rents, payments
on securities loans (section
512(a)(5)), or royalties) .... 		         
(2) Support from general public
and 5 or more exempt
organizations as provided in
section 4942(j)(3)(B)(iii).... 		         
(3) Largest amount of support
from an exempt organization		          
(4) Gross investment income          
Part XIV
Supplementary Information (Complete this part only if the foundation had $5,000 or more in
assets at any time during the year—see instructions.)
1Information Regarding Foundation Managers:
aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
SUSAN R SULLIVAN
bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
Check here right arrow
aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
SUSAN R SULLIVAN PRESIDENTDIRECTOR
10 SE CENTRAL PARKWAY SUITE 210
STUART,FL34994
(772) 283-3838
bThe form in which applications should be submitted and information and materials they should include:
SEND PRINTED MATERIALS REGARDING CHARITABLE ORGANIZATION ALONG WITH CURRENT FINANCIAL STATEMENTS.
cAny submission deadlines:
NOVEMBER 15TH OF EACH YEAR.
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
NONE.
Form 990-PF (2022)
Form 990-PF (2022)
Page 11
Part XIV
Supplementary Information (continued)
3 Grants and Contributions Paid During the Year or Approved for Future Payment
Recipient If recipient is an individual,
show any relationship to
any foundation manager
or substantial contributor
 Foundation
status of
recipient 		Purpose of grant or
contribution 		Amount
Name and address (home or business)
aPaid during the year

AMERICAN RED CROSS

1250 NORTHPOINT PARKWAY
WEST PALM BEACH,FL33407 		NONE. PUBLIC CHARITY DISASTER RELIEF 8,000

ARRUPE COLLEGE OF LOYOLA UNIVERSITY CHICAGO

820 NORTH MICHIGAN AVENUE
CHICAGO,IL60611 		NONE. PUBLIC CHARITY EDUCATIONAL SUPPORT 4,000

BOYS AND GIRLS CLUB OF MARTIN COUNTY

PO BOX 910
HOBE SOUND,FL33475 		NONE. PUBLIC CHARITY EDUCATIONAL SUPPORT 9,500

BRAIN CHEMISTRY LABS

1130 SOUTH HIGHWAY 89 SUITE 3
JACKSON,WY83001 		NONE. PUBLIC CHARITY MEDICAL RESEARCH 10,000

BYERSCHOOL FOUNDATION

1911 ARCH STREET
PHILADELPHIA,PA19103 		NONE. FOUNDATION EDUCATIONAL SUPPORT 2,000

CAPE ABILITIES

895 MARY DUNN ROAD
HYANNIS,MA02601 		NONE. PUBLIC CHARITY HEALTHCARE SUPPORT 2,500

CHARLESTON BILINGUAL ACADEMY

5032 LACKAWANNA BLVD
NORTH CHARLESTON,SC29405 		NONE. PUBLIC CHARITY EDUCATIONAL SUPPORT 2,500

CLEVELAND CLINIC - MARTIN HEALTH FOUNDATION

PO BOX 9010
STUART,FL349952020 		NONE. FOUNDATION HEALTH CARE SUPPORT 15,000

COME TO BELIEVE NETWORK

PO BOX 786
NEW YORK CITY,NY10150 		NONE. PUBLIC CHARITY EDUCATIONAL SUPPORT 14,500

COUNCIL ON AGING OF MARTIN COUNTY INC

900 SE SALERNO ROAD
STUART,FL34997 		NONE. PUBLIC CHARITY SUPPORT FOR THE AGING 20,000

CRISTO REY JESUIT HIGH SCHOOL

1852 WEST 22ND PLACE
CHICAGO,IL60608 		NONE. PUBLIC CHARITY EDUCATIONAL SUPPORT 500

CRISTO REY NETWORK

11 EAST ADAMS STREET SUITE 800
CHICAGO,IL60603 		NONE. PUBLIC CHARITY EDUCATIONAL SUPPORT 1,500

DANA-FARBER CANCER INSTITUTE

PO BOX 849168
BOSTON,MA022849168 		NONE. PUBLIC CHARITY HEALTHCARE SUPPORT 4,000

DIOCESE OF PALM BEACH - DIOCESAN SERVICES APPEAL

9995 NORTH MILITARY TRAIL
PALM BEACH GARDENS,FL334100965 		NONE. PUBLIC CHARITY RELIGIOUS SUPPORT 1,000

DUNBAR EARLY LEARNING CENTER

12100 SE LANTANA AVENUE
HOBE SOUND,FL33455 		NONE. PUBLIC CHARITY EDUCATIONAL SUPPORT 1,000

EVERGLADES FOUNDATION

18001 OLD CUTLER ROAD SUITE 625
PALMETTO BAY,FL33157 		NONE. FOUNDATION ENVIRONMENTAL SUPPORT 5,000

FEEDING AMERICA

PO BOX 96749
WASHINGTON,DC200906749 		NONE. PUBLIC CHARITY FEEDING THE HUNGRY 2,500

FENIX FAMILY HEALTH CENTER INC

130 WASHINGTON AVENUE
HIGHWOOD,IL60040 		NONE. PUBLIC CHARITY HEALTH CARE 35,000

FLORIDA ATLANTIC UNIVERSITY LIFE LONG LEARNING

5353 PARKSIDE DRIVE PA134
JUPITER,FL33458 		NONE. PUBLIC CHARITY EDUCATIONAL SUPPORT 1,000

FLORIDA OCEANOGRAPHIC SOCIETY

890 NE OCEAN BLVD
STUART,FL34996 		NONE. PUBLIC CHARITY ENVIRONMENTAL SUPPORT 10,000

FRED HUTCH OBLITERIDE - FRED HUTCHINSON CANCER RESEARCH

1100 FAIRVIEW AVENUE N J5-200
SEATTLE,WA981091024 		NONE. PUBLIC CHARITY CANCER RESEARCH 5,000

FRED HUTCHINSON CANCER RESEARCH CENTER

1100 FAIRVIEW AVENUE N
SEATTLE,WA98109 		NONE. PUBLIC CHARITY CANCER RESEARCH 25,000

GEORGETOWN UNIVERSITY

2115 WISCONSIN AVENUE NW 500
WASHINGTON,DC20007 		NONE. PUBLIC CHARITY EDUCATIONAL SUPPORT 20,000

GREENPEACE

702 H STREET NW SUITE 300
WASHINGTON,DC20001 		NONE. PUBLIC CHARITY ENVIRONMENTAL SUPPORT 5,000

GUATEMALAN TOMORROW FUND

PO BOX 3636
TEQUESTA,FL33469 		NONE. PUBLIC CHARITY INTERNATIONAL AID 5,000

HABITAT FOR HUMANITY OF MARTIN COUNTY INC

2090 NW FEDERAL HIGHWAY
STUART,FL349949306 		NONE. PUBLIC CHARITY HOUSING FOR LOW INCOME FAMILIES 2,000

HELPING PEOPLE SUCCEED

1601 NE BRAILLE PLACE
JENSEN BEACH,FL34957 		NONE. PUBLIC CHARITY EDUCATIONAL SUPPORT 500

HOBE SOUND COMMUNITY CHEST

PO BOX 511
HOBE SOUND,FL334750511 		NONE. PUBLIC CHARITY SUPPORT FOR THE HOMELESS AND HUNGRY 14,000

HOBE SOUND FINE ARTS LEAGUE

8879 SE BRIDGE ROAD
HOBE SOUND,FL33455 		NONE. PUBLIC CHARITY SUPPLY ART SUPPLIES FOR PUBLIC SCHOOLS 1,000

HOBE SOUND NATURE CENTER

PO BOX 214
HOBE SOUND,FL33475 		NONE. PUBLIC CHARITY ENVIRONMENTAL SUPPORT 6,390

HOPE RURAL SCHOOL

15929 SW 150TH STREET
INDIANTOWN,FL34956 		NONE. PUBLIC CHARITY EDUCATIONAL SUPPORT 2,000

HOUSE OF HOPE

2484 SE BONITA STREET
STUART,FL34997 		NONE. PUBLIC CHARITY AID THE HOMELESS AND HUNGRY 10,000

IMMUNE DEFICIENCY FOUNDATION

110 WEST ROAD SUITE 300
TOWSON,MD21204 		NONE. FOUNDATION HEALTHCARE SUPPORT 5,000

INDIAN HILL CLUB SCHOLARSHIP FOUNDATION

ONE INDIAN HILL ROAD
WINNETKA,IL60093 		NONE. FOUNDATION EDUCATIONAL SUPPORT 1,000

JESUIT REFUGEE SERVICEUSA

1627 K ST NW SUITE 1100
WASHINGTON,DC20006 		NONE. PUBLIC CHARITY AID FOR INTERNATIONAL REFUGEES 4,000

JUPITER MEDICAL CENTER FOUNDATION

1210 S OLD DIXIE HIGHWAY
JUPITER,FL334589972 		NONE. FOUNDATION HEALTH CARE SUPPORT 2,000

LAWRENCEVILLE SCHOOL

PO BOX 6125
LAWRENCEVILLE,NJ086489987 		NONE. PUBLIC CHARITY EDUCATIONAL SUPPORT 4,000

LIGHT FROM LIGHT INC

2260 DEFOOR HILLS ROAD NW
ATLANTA,GA30318 		NONE. PUBLIC CHARITY INTERNATIONAL AID 5,000

LOBLOLLY COMMUNITY FOUNDATION INC

7407 SE HILL TERRACE
HOBE SOUND,FL33455 		NONE. FOUNDATION EDUCATIONAL AND HEALTH CARE SUPPORT 18,000

MISS INC (MOTHERS AND INFANTS STRIVING FOR SUCCESS INC)

4434 SE CLECKLEY WAY
STUART,FL34997 		NONE. PUBLIC CHARITY AID TO THE HOMELESS 5,000

MALARIA CONSORTIUM US

PO BOX 6334
HERMITAGE,PA161480923 		NONE. PUBLIC CHARITY INTERNATIONAL HEALTH CARE 5,000

MALTZ JUPITER THEATRE

1001 EAST INDIANTOWN ROAD
JUPITER,FL33477 		NONE. PUBLIC CHARITY SUPPORT FOR THE ARTS 5,000

MANHATTANVILLE COLLEGE

2900 PURCHASE STREET
PURCHASE,NY10577 		NONE. PUBLIC CHARITY EDUCATIONAL SUPPORT 5,000

MAYO CLINIC

200 FIRST STREET SW
ROCHESTER,MN55905 		NONE. PUBLIC CHARITY HEALTH CARE SUPPORT 1,000

MEDICAL UNIVERSITY OF SOUTH CAROLINA HOLLINGS CANCER CENTER

86 JONATHAN LUCAS STREET SUITE 512
CHARLESTON,SC29425 		NONE. PUBLIC CHARITY CANCER RESEARCH 20,000

MEPKIN ABBEY

1098 MEPKIN ABBEY ROAD
MONCKS CORNER,SC29461 		NONE. PUBLIC CHARITY RELIGIOUS SUPPORT 5,000

MERCER ISLAND SCHOOL FOUNDATION

PO BOX 1243
MERCER ISLAND,WA98040 		NONE. FOUNDATION EDUCATIONAL SUPPORT 4,000

NASAREANORG

112 S MAIN STREET 181
STOWE,VT05672 		NONE. PUBLIC CHARITY REFUGEE SUPPORT 1,000

ONE80 PLACE

PO BOX 20038
CHARLESTON,SC294130038 		NONE. PUBLIC CHARITY AID THE HOMELESS AND HUNGRY 10,000

OUR COMMUNITY TABLE-PALM CITY

PO BOX 2180
PALM CITY,FL34990 		NONE. PUBLIC CHARITY FEEDING THE HUNGRY 2,000

PALM BEACH COUNTY FISHING FOUNDATION

201 5TH STREET
WEST PALM BEACH,FL33401 		NONE. FOUNDATION EDUCATIONAL SUPPORT 2,500

PAN MASS CHALLENGE DANA-FARBER CANCER INSTITUTE

77 4TH AVENUE
NEEDHAM,MA02494 		NONE. PUBLIC CHARITY CANCER RESEARCH 5,000

PROJECT LIFT

1330 SW 34TH STREET
PALM CITY,FL34990 		NONE. PUBLIC CHARITY AID FOR YOUTH 5,000

REDEEMER CITY TO CITY

57 W 57TH STREET 4TH FLOOR
NEW YORK,NY10019 		NONE. PUBLIC CHARITY AID TO THE HOMELESS AND HUNGRY 5,000

REDEEMER LUTHERAN CHURCH

2450 SE OCEAN BLVD
STUART,FL34996 		NONE. PUBLIC CHARITY RELIGIOUS SUPPORT 10,000

REGALITOS FOUNDATION

PO BOX 372231
SATELLITE BEACH,FL32937 		NONE. FOUNDATION SUPPORT FOR THE ARTS 1,000

RIVERS COALITION INC

PO BOX 2627
STUART,FL34995 		NONE. PUBLIC CHARITY ENVIRONMENTAL SUPPORT 5,000

SALVATION ARMY

PO BOX 2475
STUART,FL349952475 		NONE. PUBLIC CHARITY AID TO THE HOMELESS AND HUNGRY 10,000

SOLTI FOUNDATION US

1555 SHERMAN AVENUE SUITE 310
EVANSTON,IL60201 		NONE. FOUNDATION SUPPORT FOR THE ARTS 2,000

SPACE NEEDLE FOUNDATION - BASE 2 BASE

1050 WEST EWING STREET
SEATTLE,WA98119 		NONE. FOUNDATION CANCER RESEARCH 5,000

ST CHRISTOPHER CHURCH

12001 SE FEDERAL HIGHWAY
HOBE SOUND,FL33455 		NONE. PUBLIC CHARITY RELIGIOUS SUPPORT 20,500

ST JUDE'S CHILDREN'S RESEARCH HOSPITAL

501 ST JUDE PLACE
MEMPHIS,TN38105 		NONE. PUBLIC CHARITY CANCER RESEARCH 2,500

ST VINCENT DE PAUL SOCIETY

12001 SE FEDERAL HIGHWAY
HOBE SOUND,FL33455 		NONE. PUBLIC CHARITY RELIGIOUS SUPPORT 12,000

THE LIFE YOU CAN SAVE

PO BOX 2135
NOVATO,CA94948 		NONE. PUBLIC CHARITY MENTAL HEALTH SUPPORT 5,000

THE WISTAR INSTITUTE

3601 SPRUCE STREET SUITE 242
PHILADELPHIA,PA191044268 		NONE. PUBLIC CHARITY CANCER RESEARCH 5,000

TOP BOX FOODS

222 W MERCHANDISE MART PLAZA SUITE
11-131
CHICAGO,IL60654 		NONE. PUBLIC CHARITY FOOD PANTRY 25,000

TREASURE COAST FOOD BANK

401 ANGLE ROAD
FORT PIERCE,FL34947 		NONE. PUBLIC CHARITY FEEDING THE HUNGRY 10,000

TREASURE COAST HOSPICE FOUNDATION

1201 SE INDIAN STREET
STUART,FL349975688 		NONE. FOUNDATION MEDICAL CARE AND SUPPORT 3,000

TREASURE COAST SURFRIDER

205 SW FEDERAL HIGHWAY
STUART,FL34994 		NONE. FOUNDATION ENVIRONMENTAL SUPPORT 1,000

TUNNEL TOWERS FOUNDATION

2361 HYLAN BOULEVARD
STATEN ISLAND,NY10306 		NONE. FOUNDATION AID TO FIREFIGHTERS 5,000

TYKES AND TEENS

3577 SW CORPORATE PARKWAY
PALM CITY,FL34990 		NONE. PUBLIC CHARITY SUPPORT OF MENTAL HEALTH SERVICES FOR CHILDREN AND FAMILIES 1,000

UNITED WAY OF MARTIN COUNTY

PO BOX 362
STUART,FL34995 		NONE. PUBLIC CHARITY COMMUNITY-WIDE SUPPORT FOR HOMELESS, HUNGRY & HEALTH CARE 15,000

UNIVERSTIY OF CHICAGO MEDICAL CENTER-CPCI

130 EAST RANDOLPH STREET 1400
CHICAGO,IL60601 		NONE. PUBLIC CHARITY CANCER RESEARCH 1,000

VISITING NURSE FOUNDATION

2400 SE MONTEREY ROAD SUITE 300
STUART,FL34996 		NONE. FOUNDATION HEALTHCARE SUPPORT 1,500

VOLUNTEERS IN MEDICINE

417 SE BALBOA AVENUE
STUART,FL349942327 		NONE. FOUNDATION HEALTH CARE SUPPORT 5,000

WATER MISSIONS INTERNATIONAL

PO BOX 63320
CHARLOTTE,NC282633320 		NONE. PUBLIC CHARITY INTERNATIONAL HEALTH CARE 2,500

WILD FLORIDA RESCUE

1270 N WICKHAM ROAD SUITE 16 218
MELBOURNE,FL329358301 		NONE. PUBLIC CHARITY EDUCATIONAL SUPPORT 1,000

WORLD CENTRAL KITCHEN

200 MASSACHUSETTS AVENUE NW 7TH
FLOOR
WASHINGTON,DC20001 		NONE. PUBLIC CHARITY FEEDING THE HUNGRY 5,000

WOUNDED WARRIOR PROJECT

PO BOX 758516
TOPEKA,KS666758516 		NONE. PUBLIC CHARITY AID FOR VETERANS 2,500
Total .................................right arrow 3a 521,390
bApproved for future payment
Total ................................. right arrow 3b 0
Form 990-PF (2022)
Form 990-PF (2022)
Page 12
Part XV-A
Analysis of Income-Producing Activities
Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
Related or exempt
function income
(See instructions.)
1Program service revenue: (a)
Business code 		(b)
Amount 		(c)
Exclusion code 		(d)
Amount
a
b
c
d
e
f
gFees and contracts from government agencies          
2 Membership dues and assessments ....          
3 Interest on savings and temporary cash
investments ........... 		         
4 Dividends and interest from securities ....     14 95,028  
5 Net rental income or (loss) from real estate:
aDebt-financed property......          
bNot debt-financed property.....          
6 Net rental income or (loss) from personal property          
7 Other investment income ..... 531120 13,484 14 722  
8 Gain or (loss) from sales of assets other than
inventory ............ 		    18 769,065  
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue: a
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e) .. 13,484 864,815 0
13Total. Add line 12, columns (b), (d), and (e)..................
13
878,299
(See worksheet in line 13 instructions to verify calculations.)
Part XV-B
Relationship of Activities to the Accomplishment of Exempt Purposes
Line No.
DownArrow 		Explain below how each activity for which income is reported in column (e) of Part XV-A contributed importantly to
the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
instructions.)
Form 990-PF (2022)
Form 990-PF (2022)
Page 13
Part XVI
Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
1
Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
Yes
No
a
Transfers from the reporting foundation to a noncharitable exempt organization of:
(1) Cash...................................
1a(1)
 
No
(2) Other assets.................................
1a(2)
 
No
b
Other transactions:
(1) Sales of assets to a noncharitable exempt organization....................
1b(1)
 
No
(2) Purchases of assets from a noncharitable exempt organization..................
1b(2)
 
No
(3) Rental of facilities, equipment, or other assets.......................
1b(3)
 
No
(4) Reimbursement arrangements...........................
1b(4)
 
No
(5) Loans or loan guarantees.............................
1b(5)
 
No
(6) Performance of services or membership or fundraising solicitations................
1b(6)
 
No
c
Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
1c
 
No
d
If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
(a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
2a
Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
b
If "Yes," complete the following schedule.

(a) Name of organization (b) Type of organization (c) Description of relationship
Sign Here
Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
right arrow right arrow
May the IRS discuss this return
with the preparer shown below?
See instructions.
Signature of officer or trustee Date Title
Paid Preparer Use Only Print/Type preparer's name Preparer's Signature Date Check if self-
employed right arrow		 PTIN
Firm's name SmallBullet
 Firm's EIN SmallBullet
Firm's address SmallBullet


 Phone no.
Form 990-PF (2022)
Additional Data


Software ID:  
Software Version:  


Form 990PF - Special Condition Description:
Special Condition Description

TY 2022 AccountingFeesSchedule
Name:
SUSAN R AND JOHN W SULLIVAN FOUNDATION
EIN:
22-2612047
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
ACCOUNTING FEES 8,103 4,051   4,052
PAYROLL SERVICES 126 63   63

TY 2022 InvestmentsCorpBondsSchedule
Name:
SUSAN R AND JOHN W SULLIVAN FOUNDATION
EIN:
22-2612047
Name of Bond End of Year Book Value End of Year Fair Market Value
CORPORATE BONDS - SCHWAB #5003 194,962 177,571

TY 2022 InvestmentsGovtObligationsSch
Name:
SUSAN R AND JOHN W SULLIVAN FOUNDATION
EIN:
22-2612047
US Government Securities - End of Year Book Value:

314,327
US Government Securities - End of Year Fair Market Value:

290,832
State & Local Government Securities - End of Year Book Value:


0
State & Local Government Securities - End of Year Fair Market Value:


0


TY 2022 InvestmentsOtherSchedule2
Name:
SUSAN R AND JOHN W SULLIVAN FOUNDATION
EIN:
22-2612047
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
MUTUAL FUNDS - SCHWAB #7236 FMV 3,708,251 3,659,955
NMS-ELON TOWN CENTER FMV 49,979 150,000
SHEM CREEK CAPITAL FUND FMV 0 1,800
TANGO NET, INC. SERIES A STOCK FMV 150,000 0
TANGO NET, INC. SERIES B STOCK FMV 126,656 0
TANGO NET, INC. SERIES C STOCK FMV 206,161 0

TY 2022 OtherAssetsSchedule
Name:
SUSAN R AND JOHN W SULLIVAN FOUNDATION
EIN:
22-2612047
Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
OTHER RECEIVABLE 0 956 956


TY 2022 OtherExpensesSchedule
Name:
SUSAN R AND JOHN W SULLIVAN FOUNDATION
EIN:
22-2612047
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
INVESTMENT MANAGEMENT FEES 25,631 25,631   0
LICENSE AND FEE 61 31   30
OTHER EXPENSES PASS THRU ENTITY 944 944   0
BANK SERVICE CHARGES 75 0   75
ARBORETUM PARTNERS LLC 0 832   0
NMS-ELON TOWN CENTER, LLC 12,855 0   0
SHEM CREEK CAPITAL FUND III LLC 4,268 0   0


TY 2022 OtherIncomeSchedule2
Name:
SUSAN R AND JOHN W SULLIVAN FOUNDATION
EIN:
22-2612047
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
SHEM CREEK CAPITAL FUND III, LLC 13,484 0 13,484
ARBORETUM PARTNERS, LLC 188 188 188
SHEM CREEK CAPITAL FUND III, LLC T/E INCOME 534 0 534


TY 2022 OtherLiabilitiesSchedule
Name:
SUSAN R AND JOHN W SULLIVAN FOUNDATION
EIN:
22-2612047
Description Beginning of Year - Book Value End of Year - Book Value
OTHER PAYABLE 375 0
SHEM CREEK CAPITAL FUND III LLC 0 3,364


TY 2022 TaxesSchedule
Name:
SUSAN R AND JOHN W SULLIVAN FOUNDATION
EIN:
22-2612047
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
FEDERAL TAXES ON INVESTMENT INCOME 60,672 0   0
FOREIGN TAX PAID ON DIVIDENDS 844 844   0
PAYROLL TAXES 5,672 2,836   2,836
STATE TAXES 418 0   0