Bulova Gale Foundation
- Assets
- $2.5m
- Revenue
- $98.0k
- Investments
- $2.5m
- Employees
- 0
- Location
- Lenox, MA
- Founding
- 05/1996
- Data as of
- 12/2023
- EIN
- 13-3866091
Organization Overview
Bulova Gale Foundation is located in Lenox, MA. The organization was established in 1996. 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. Bulova Gale Foundation 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 12/2023, Bulova Gale Foundation generated $98.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (9.0%) each year. All expenses for the organization totaled $178.3k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Bulova Gale Foundation has awarded 230 individual grants totaling $1,199,401. 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 |
|---|---|---|---|
Peter Gale Vice President | 0.5 | $0 | |
Lynn Gale President | 0.5 | $0 | |
Barbara Maisel Secy/treas | 0.5 | $0 | |
David L Orenstein Cpa | 0.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
David L Orenstein Cpa | 12/30/23 | $7,060 |
Rbc Wealth Management | 12/30/23 | $22,408 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $14,125 |
| Dividends & Interest | $84,444 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$581 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $643 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $97,988 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $3,100 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $258 |
| Total operating and administrative expenses | $32,827 |
| Contributions, gifts, grants paid | $145,500 |
| Total expenses and disbursements | $178,327 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $17,396 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| 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 | $1,659,691 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,549,511 |
| 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, Bulova Gale Foundation has awarded $145,500 in support to 28 organizations.
| Grant Recipient | Amount |
|---|---|
HAWTHORNE VALLEY ASSOCIATION PURPOSE: SCHOLARSHIP FUND, TUITION & FACULTY ASSISTANCE | $2,500 |
HEVREH OF SOUTHERN BERKSHIRE PURPOSE: RELIGIOUS ACTIVITES | $11,500 |
JEWISH FEDERATION OF THE BERKSHIRES PURPOSE: RELIGIOUS ACTIVITIES | $13,000 |
HELEN WOODWARD ANIMAL CENTER PURPOSE: ANIMAL SERVICES | $1,000 |
TRUSTEES OF GRINNELL COLLEGE PURPOSE: EDUCATION | $20,000 |
MAMA'S KITCHEN PURPOSE: FOOD SERVICE | $5,500 |