Galanta Foundation Inc
- Assets
- $114.7k
- Revenue
- $500.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Bayonne, NJ
- Founding
- 03/2004
- Data as of
- 12/2022
- EIN
- 03-0533223
Organization Overview
Galanta Foundation Inc is located in Bayonne, NJ. The organization was established in 2004. According to its NTEE Classification (T22) the organization is classified as: Private Independent Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Galanta Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Galanta Foundation Inc generated $500.0k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (1.4%) each year. All expenses for the organization totaled $674.8k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by 0.0% per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Galanta Foundation Inc has awarded 150 individual grants totaling $4,026,756. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Herzog Co Royal Wine Pres./director | 0 | $0 | |
Aaron Herzog Co Royal Wine President & CEO | 0 | $0 | |
Michael Herzog Co Royal Wine VP & Director | 0 | $0 | |
Nathan Herzog Co Royal Wine Treasurer | 0 | $0 | |
Eli Herzog Co Royal Wine Vice President | 0 | $0 | |
Michael B Herzog Co Royal Win Vice President | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $500,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $500,000 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $100 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $100 |
| Contributions, gifts, grants paid | $674,706 |
| Total expenses and disbursements | $674,806 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $88,111 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $25,000 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $1,593 |
| Total assets | $114,704 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Galanta Foundation Inc has awarded $674,706 in support to 14 organizations.
| Grant Recipient | Amount |
|---|---|
MESIVTA MEOR YITZCHAK PURPOSE: EDUCATIONAL ASSISTANCE TO THE INDIGENT | $16,000 |
MOSDOS BAIS JOSEPH TZVI PURPOSE: EDUCATIONAL ASSISTANCE | $4,000 |
CONG CHAKAL YITZCHOK PURPOSE: RELIGOUS ASSISTANCE | $3,600 |
UNITED MOSDOS TORAH V'YIRAH PURPOSE: EDUCATIONAL ASSISTANCE | $18,000 |
CONG MACHANE SHALVA PURPOSE: EDUCATIONAL ASSISTANCE | $240,106 |
YESHIVA IMREI YOSEF PURPOSE: EDUCATIONAL ASSISTANCE | $8,000 |