OSULLIVAN INSTITUTE INC

EIN: 462831205 501(c)(3) Medical Research

NYC, NY

Total Revenue
$305,335
Total Expenses
$2,810
Total Assets
$609,112
Net Assets
$609,112
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2012
Legal Domicile
NY
Principal Officer
Caroline O'Sullivan
Phone
2127501808
Tax Period
2024-01-01 to 2024-12-31

OSULLIVAN INSTITUTE INC, founded in 2012, is a small nonprofit in the Medical Research sector that reported $305K in total revenue in fiscal year 2024. Revenue grew 15% year-over-year, indicating healthy expansion. The organization ran a surplus of $303K, a strong 99% operating margin.

Mission

The Navillus Foundation aims to provide a beacon of hope and support for the most vulnerable populations in the United States, with special emphasis on individuals located in New York City. We are dedicated to alleviating the suffering of the homeless, empowering victims of natural disasters to rebuild their lives, nurturing disadvantaged children to achieve their full potential, and extending a helping hand to the less fortunate in our community. We launch several annual campaigns with the general goal of creating a more just and compassionate society where every individual has the opportunity to thrive. Our foundation is committed making a lasting impact and creating a better world around us.

Program Service Accomplishments

Program 1
Expenses: $0 Revenue: $0

Back to School Drive: The Navillus Foundation believes that education starts with accessible supplies and in 2024, we partnered with "The Kids in Need Foundation" to gather needed school supplies...

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Back to School Drive: The Navillus Foundation believes that education starts with accessible supplies and in 2024, we partnered with "The Kids in Need Foundation" to gather needed school supplies prior to the school year. The most needed supplies included wide ruled notebooks, pencil cases, washable markers, 24 pack of crayons, and round tip scissors. All donations were collected and placed into pre-made backpacks that were then distributed to disadvantaged children across the United States. We were able to fill 110 backpacks and even had a large box of MISC supplies left over to donate!

Program 2
Expenses: $0 Revenue: $0

Operation Santa: The Novellus Foundation wanted to make the Holiday season extra special in 2024 by partnering with The New York Care's campaign of Winter Wishes. This campaign sought to ensure that...

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Operation Santa: The Novellus Foundation wanted to make the Holiday season extra special in 2024 by partnering with The New York Care's campaign of Winter Wishes. This campaign sought to ensure that children from less fortunate backgrounds were able to get a gift from Santa even if their families could not afford it! We were able to answer over 70 letters and provided well over 100 gifts to these children. All participating children were elementary or middle school students across five different public schools in Queens, Brooklyn, and Manhattan.

Program 3
Expenses: $0 Revenue: $0

Halloween Costume Drive: This was our first year doing such a campaign and due to its great success, it is something we will continue doing in the year's to come. Through monetary and physical...

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Halloween Costume Drive: This was our first year doing such a campaign and due to its great success, it is something we will continue doing in the year's to come. Through monetary and physical donations, we were able to donate over 70 costumes to The Floating Hospital's Health Education Center in NYC! In NYC, roughly one out of every nine children are experiencing homelessness, that is a whopping 119,000 children everyday who do not know where they will sleep that night. For children living in poverty, this time of year can be just another reminder that they are going without. By providing something as simple as a Halloween costume, we were able to give these children an opportunity to forget their circumstances and enjoy the holiday like any other child.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $285,000
Program Service Revenue $0
Investment Income $20,335
Other Revenue $0
TOTAL REVENUE $305,335

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $0
Other Expenses $2,810
TOTAL EXPENSES $2,810

Year-over-Year Comparison

2024 2023 Change
Revenue $305,335 $266,585 +0.1%
Expenses $2,810 N/A N/A
Net Income $302,525 $266,585 +0.1%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
2
Independent Members
2
Employees
N/A
Volunteers
5

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
1
$0
Total Directors
2
$0
Key Employees
1
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Katie OSullivan Director 2
Director Key Emp
$0 $0 $0
Caroline OSullivan Director 5
Officer Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $305,335 $2,810 $609,112 $302,525
2023 $266,585 No data $306,587 No data
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