2025-11-16T13:38:24-06:00 2024-12-31 990 2024-01-01 421763846 SULLIVAN SCHOLARS FOUNDATION SULL 2168613810 6601 EUCLID AVENUE CLEVELAND OH 44103 ANTHONY GATTUSO TREASURER 2168613810 2025-11-14 0 0 2024 2025-03-06 01:10:19Z FRANK SULLIVAN 6601 EUCLID AVENUE CLEVELAND OH 44103 2760753 0 X N/A X 2007 OH THE ORGANIZATION IS ORGANIZED AND OPERATED EXCLUSIVELY FOR THE BENEFIT OF, AND TO CARRY OUT THE CHARITABLE AND EDUCATIONAL FUNCTIONS OF THE CLEVELAND FOUNDATION. 7 7 0 7 0 0 0 0 0 0 153081 389841 0 0 153081 389841 215609 220809 0 0 0 0 0 0 0 68208 75546 283817 296355 -130736 93486 5020504 5513953 25 0 5020479 5513953 THE ORGANIZATION IS ORGANIZED AND OPERATED EXCLUSIVELY FOR THE BENEFIT OF, AND TO CARRY OUT THE CHARITABLE AND EDUCATIONAL FUNCTIONS OF THE CLEVELAND FOUNDATION. 0 0 220809 220809 GRANTMAKING FOR OR ON BEHALF OF THE CLEVELAND FOUNDATION TO SUPPORT THE CLEVELAND FOUNDATION OR TO CARRY OUT THE CHARITABLE AND EDUCATIONAL FUNCTIONS OF THE CLEVELAND FOUNDATION. 220809 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 X 7 7 1 0 0 0 0 0 0 1 0 0 0 0 1 1 1 1 1 0 0 0 OH X X ANTHONY GATTUSO 2168613810 6601 EUCLID AVENUE CLEVELAND OH 44103 X FRANK C SULLIVAN CHAIRMAN & TRUSTEE 1.00 X X 0 0 0 T SEAN SULLIVAN TRUSTEE 0.50 X 0 0 0 JULIE SULLIVAN GRAHAM TRUSTEE 0.50 X 0 0 0 KAREN MELTON TRUSTEE 0.50 X 0 0 0 HELEN WILLIAMS TRUSTEE 0.50 X 0 227783 43659 JIMMY MALONE TRUSTEE 0.50 X 0 0 0 MICHELE SCOTT TAYLOR TRUSTEE 0.50 X 0 0 0 GINGER F MLAKAR SECRETARY 0.50 X 0 247853 56466 ANTHONY GATTUSO TREASURER 0.50 X 0 179587 46913 0 655223 147038 0 0 1 0 0 148242 148242 2612511 2370912 241599 241599 241599 389841 0 0 389841 X 220809 220809 37513 37513 SEE SCHEDULE O 37377 37377 656 656 296355 220809 75546 0 350088 484287 1724220 1790840 2946196 3238826 5020504 5513953 25 25 0 X 5020479 5513953 5020479 5513953 5020504 5513953 93486 399988 0 X X 0 1 X 1 0 X X 1 CLEVELAND FOUNDATION 340714588 8 1 37377 0 1 37377 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 0 1 0 PART IV, SECTION A, LINE 6: THE SULLIVAN SCHOLARS FOUNDATION MAKES GRANTS FOR OR ON BEHALF OF THE CLEVELAND FOUNDATION FOR THE BENEFIT AND SUPPORT OF, AND TO CARRY OUT THE CHARITABLE AND EDUCATIONAL FUNCTIONS OF THE CLEVELAND FOUNDATION. THE SULLIVAN SCHOLARS SUPPORTS THE SAME CHARITABLE CLASS OF ORGANIZATIONS SUPPORTED BY THE CLEVELAND FOUNDATION. ALL GRANTS MUST BE MADE TO ORGANIZATIONS DESCRIBED IN SECTION 501(C)(3) AND 509(A)(1) OR (2) OF THE INTERNAL REVENUE CODE. DURING 2024, THE SULLIVAN SCHOLARS MADE GRANTS TOTALING $220,809. POTENTIAL SCHOLARSHIP RECIPIENTS CAN REQUEST FUNDING FROM THE SULLIVAN SCHOLARS BY USING THE APPLICATION PROCESS ON THE CLEVELAND FOUNDATION'S WEBSITE. DECISIONS AS TO THE RECIPIENTS AND AMOUNTS ARE DETERMINED BY THE BOARD OF THE SULLIVAN SCHOLARS, A MAJORITY OF WHOM ARE APPOINT 0 ABSOLUTE RETURN 295130 F HEDGED EQUITY 981318 F PRIVATE EQUITY 830217 F REAL ASSETS 120294 F COMMON TRUST FUNDS 1011867 F 3238826 1 SCHOLARSHIPS 65 220809 FORM 990, SCHEDULE I, PART I THE FUND REQUIRES SCHOLARSHIP RECIPIENTS TO SUBMIT SCHEDULED GRADE REPORTS AFTER EACH GRADING PERIOD AND MAINTAIN A GRADE POINT AVERAGE OF 3.0 OR HIGHER TO REMAIN ELIGIBLE FOR THE SCHOLARSHIP. GRADE REPORTS ARE AN INTEGRAL PART OF OUR MONITORING AND EVALUATION PROCESS. THE REPORTS ARE REVIEWED BY THE CLEVELAND FOUNDATION STAFF WHO FOLLOW-UP WITH THE SCHOLARSHIP OFFICER IF THERE ARE QUESTIONS OR ISSUES BY THIS REVIEW. WE HAVE FOUND THESE GRADE REPORTS SERVE AS A VALUABLE LEARNING TOOL FOR THE CLEVELAND FOUNDATION STAFF. A CLOSING EVALUATION IS PERFORMED, WHICH IS AN IMPORTANT COMPONENT OF THE PROCESS TO DETERMINE ELIGIBILITY FOR RENEWAL OF THE SCHOLARSHIP. 0 0 0 0 0 0 0 0 0 GINGER F MLAKAR SECRETARY 0 244289 0 0 0 3564 0 27140 0 29326 0 304319 0 0 HELEN WILLIAMS TRUSTEE 0 218142 0 0 0 9641 0 22708 0 20951 0 271442 0 0 ANTHONY GATTUSO TREASURER 0 179238 0 0 0 349 0 15380 0 31533 0 226500 0 0 FORM 990, PART VI, SECTION A, LINE 2 SULLIVAN SCHOLARS FOUNDATION IS A SUPPORTING ORGANIZATION OF THE CLEVELAND FOUNDATION. CONSEQUENTLY, SOME OF ITS OFFICERS ARE EMPLOYEES OR OFFICERS OF THE CLEVELAND FOUNDATION, COMPENSATED BY THE CLEVELAND FOUNDATION. HELEN WILLIAMS IS A TRUSTEE OF THE SULLIVAN SCHOLARS FOUNDATION AND AN EMPLOYEE OF THE CLEVELAND FOUNDATION. SHE HAS A BUSINESS RELATIONSHIP WITH GINGER MLAKAR AND ANTHONY GATTUSO, OFFICERS OF SULLIVAN SCHOLARS FOUNDATION BECAUSE MS. MLAKAR AND MR. GATTUSO ARE ALSO EMPLOYEES OF THE CLEVELAND FOUNDATION. IN ADDITION, THREE MEMBERS OF THE BOARD OF TRUSTEES OF SULLIVAN SCHOLARS FOUNDATION HAVE A FAMILY RELATIONSHIP: FRANK SULLIVAN, JULIE SULLIVAN GRAHAM, AND T. SEAN SULLIVAN. FORM 990, PART VI, SECTION A, LINE 8B SULLIVAN SCHOLARS FOUNDATION HAS NO COMMITTEES WITH AUTHORITY TO ACT ON BEHALF OF THE BOARD. FORM 990, PART VI, SECTION B, LINE 11B STAFF OF THE CLEVELAND FOUNDATION PREPARED THE FORM 990. THE FORM 990 IS REVIEWED BY AN OFFICER OF THE CLEVELAND FOUNDATION AND ONE OR MORE OFFICERS AND TRUSTEES OF SULLIVAN SCHOLARS FOUNDATION. FORM 990, PART VI, SECTION B, LINE 12C 12A, 12B, 13 AND 14: SULLIVAN SCHOLARS FOUNDATION IS A SUPPORTING ORGANIZATION OF THE CLEVELAND FOUNDATION. ACTIVITIES OF THE CLEVELAND FOUNDATION'S SUPPORTING ORGANIZATIONS ARE SUBJECT TO POLICIES FOR SUPPORTING ORGANIZATIONS THE CLEVELAND FOUNDATION HAS IN EFFECT FROM TIME TO TIME TO ENSURE ITS SUPPORTING ORGANIZATIONS OPERATE IN A MANNER CONSISTENT WITH GOVERNING TAX EXEMPTION PRINCIPLES. WITHOUT LIMITING THE GENERALITY OF THE FOREGOING, SUPPORTING ORGANIZATIONS ARE REQUIRED TO FOLLOW EACH OF THE CONFLICT OF INTEREST, DOCUMENTATION RETENTION, AND WHISTLEBLOWER POLICIES MAINTAINED BY THE CLEVELAND FOUNDATION, UNLESS THE BOARD OF THE SUPPORTING ORGANIZATION (WHICH IN ALL CASES IS CONTROLLED BY THE CLEVELAND FOUNDATION) ADOPTS A FUNCTIONALLY EQUIVALENT POLICY EXPRESSLY IN PLACE OF ONE OF THE FOREGOING POLICIES. SULLIVAN SCHOLARS FOUNDATION ADOPTED ITS OWN CONFLICT OF INTEREST POLICY AND FOLLOWS THE DOCUMENT RETENTION AND WHISTLEBLOWER POLICIES OF THE CLEVELAND FOUNDATION. DIRECTORS AND OFFICERS WITH A CONFLICT OF INTEREST UNDER THE POLICY, MUST: (I) DISCLOSE THEIR POTENTIAL CONFLICT OF INTEREST AT THE MEETING; (II) PRESENT ANY RELEVANT INFORMATION CONCERNING THE MATTER INVOLVING THE CONFLICT, IF REQUESTED; AND (III) RECUSE THEMSELVES FROM THE DISCUSSION AND VOTE ON THE MATTER PRESENTING THE CONFLICT. FORM 990, PART VI, SECTION B, LINE 15 A AND B: SULLIVAN SCHOLARS FOUNDATION HAS NO EMPLOYEES AND DOES NOT COMPENSATE ITS TRUSTEES AND THEREFORE DOES NOT MAINTAIN A PROCESS FOR DETERMINING COMPENSATION. FORM 990, PART VI, SECTION C, LINE 19 SULLIVAN SCHOLARS FOUNDATION IS A SUPPORTING ORGANIZATION OF THE CLEVELAND FOUNDATION. PER GENERALLY ACCEPTED ACCOUNTING PRINCIPLES, THE CLEVELAND FOUNDATION FINANCIAL STATEMENTS ARE PREPARED AND AUDITED ON A CONSOLIDATED BASIS AND INCLUDE THE SUPPORTING ORGANIZATIONS. THE SUPPORTING ORGANIZATIONS ARE RECOGNIZED IN THE FOOTNOTE DISCLOSURE IN THE STATEMENTS. THE CLEVELAND FOUNDATION CONSOLIDATED FINANCIAL STATEMENTS ARE AVAILABLE FOR REVIEW ON THE FOUNDATION'S WEBSITE. SULLIVAN SCHOLARS FOUNDATION FORM 990 IS ALSO AVAILABLE UPON REQUEST. FORM 990, PART VII, LINE 1A, COLUMNS (E) & (F) SULLIVAN SCHOLARS FOUNDATION IS A SUPPORTING ORGANIZATION OF THE CLEVELAND FOUNDATION. CONSEQUENTLY, SOME OF ITS OFFICERS ARE EMPLOYEES OF THE CLEVELAND FOUNDATION, COMPENSATED BY THE CLEVELAND FOUNDATION. FORM 990, PART IX, LINE 24A PAYMENT TO DEFRAY OPERATIONAL COST PAID BY SUPPORTING ORGANIZATION: BACK OFFICE SUPPORT, SUCH AS ACCOUNTING, FINANCIAL, AND TAX REPORTING THE CLEVELAND FOUNDATION 6601 EUCLID AVENUE CLEVELAND OH 44103 340714588 COMMUNITY GRANTMAKING OH 501(C)(3) 8 N/A 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 0 0 0