Overview
What is Leon H Sullivan Charitable Trust?
The Leon H Sullivan Charitable Trust is a nonprofit organization situated in Philadelphia, Pennsylvania. With a team of six dedicated individuals, its primary mission is to foster urban economic development and self-sufficiency among community-based organizations. The trust provides office space for such organizations, aiming to empower them economically. By promoting self-help initiatives, the trust aims to uplift the communities it serves, thereby contributing to their overall revitalization.
Official website here: www.thesullivantrust.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96%, Four-Star out of Four Star Rating
The Leon H Sullivan Charitable Trust holds an impressive Four-Star rating from Charity Navigator, reflecting its strong performance in accountability and financial health. With a 96% score, the organization has demonstrated utmost transparency and effective governance, evidenced by 100% independent board members and a robust audit and oversight committee.
The Trust excels in its financial management, boasting a high program expense ratio of 88.82%, indicating that a significant portion of its funds is directed towards its charitable programs. Additionally, the organization has established comprehensive policies regarding conflict of interest and whistleblower protections, enhancing its operational integrity.
No significant weaknesses have been reported, as the Trust shows no material diversion of assets and maintains a healthy liabilities to assets ratio of 27.45%. Overall, the Leon H Sullivan Charitable Trust is recognized for its strong commitment to accountability and impactful use of resources.
This AI summary has been generated from information found on Charity Navigator.
Is Leon H Sullivan Charitable Trust legitimate?
Leon H Sullivan Charitable Trust is a legitimate nonprofit organization registered as a 501(c)(3) entity. Leon H Sullivan Charitable Trust submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $89,902
Professional Fundraising Fees: $0
Other Salaries and Wages: $142,866
For more financial information, click here
Official website here: www.thesullivantrust.org
What is the mission statement of Leon H Sullivan Charitable Trust?
The Leon H Sullivan Charitable Trust's mission is focused on promoting and supporting urban economic development, self-help, and economic empowerment. This is achieved by aiding community-based organizations. Their activities extend to providing office space for non-profit and community-based organizations, as well as contributing to the revitalization and economic development of various community areas.
Official website here: www.thesullivantrust.org
Who is the CEO of Leon H Sullivan Charitable Trust?
Mable Welborn is the Former Executive Director of Leon H Sullivan Charitable Trust.
Official website here: www.thesullivantrust.org
What is the revenue of Leon H Sullivan Charitable Trust?
Leon H Sullivan Charitable Trust's revenue in 2022 was $1,991,122.
Official website here: www.thesullivantrust.org
Who are the executives of Leon H Sullivan Charitable Trust and what are their salaries?
The average compensation at Leon H Sullivan Charitable Trust during 2022 was $38,795. There are 6 employees at Leon H Sullivan Charitable Trust.
Here are 12 key members and their salaries:
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Official website here: www.thesullivantrust.org
Where can I find the form 990 for Leon H Sullivan Charitable Trust?
Leon H Sullivan Charitable Trust's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.thesullivantrust.org
Learn more at the official website: www.thesullivantrust.org
Mission Statement of Leon H Sullivan Charitable Trust
The Leon H Sullivan Charitable Trust is committed to fostering urban economic development, self-help, and economic empowerment for community-based organizations. This mission is achieved by promoting and supporting these organizations in their endeavors. The Trust actively works towards revitalizing community areas and provides office space for nonprofit and community-based organizations, thereby contributing to their growth and success.
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Impact
October, 2024
The Leon H. Sullivan Charitable Trust plays a pivotal role in fostering urban economic development and empowering community-based organizations in Philadelphia. By focusing on self-help initiatives, the Trust facilitates economic revitalization in underserved areas, creating opportunities for growth and sustainability.
Through its provision of office space for local organizations, the Trust not only supports the operational needs of these groups but also encourages collaboration and innovation within the community. Its mission to promote economic empowerment helps strengthen local economies, providing the necessary resources and support for initiatives that drive self-sufficiency.
Overall, the Trust's impact can be seen in the revitalization of community areas, the enhancement of local economic capacity, and the nurturing of organizations dedicated to improving the lives of residents. By empowering communities, fostering collaboration, and promoting sustainable development, the Leon H. Sullivan Charitable Trust significantly contributes to the social and economic landscape of Philadelphia.
This information is meant to be a general summary of Leon H Sullivan Charitable Trust. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $3,892
- Program Service Revenue: $874,037
- Gross Receipts: $1,991,122
Assets and Liabilities:
- Total Assets: $4,272,444
- Total Liabilities: $1,172,889
- Net Assets: $3,099,555
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$874,037
Organization Details
Founding Year
1968
Phone
(215) 684-3400Principal Officer
Mable Welborn
Main Address
1415 N BROAD STREET, PHILADELPHIA, PA, 19122
Website
www.thesullivantrust.orgNTEE Category
Code: X30 - Religion related
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