Galen Family Foundation
- Assets
- $2.0m
- Revenue
- $79.6k
- Investments
- $2.0m
- Employees
- 0
- Location
- Rancho Mirage, CA
- Founding
- 12/2005
- Data as of
- 12/2022
- EIN
- 20-1306111
Organization Overview
Galen Family Foundation is located in Rancho Mirage, CA. The organization was established in 2005. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Galen Family 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 12/2022, Galen Family Foundation generated $79.6k 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 (14.7%) each year. All expenses for the organization totaled $595.4k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Galen Family Foundation has awarded 302 individual grants totaling $5,101,571. 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 |
|---|---|---|---|
Helene V Galen President | 10 | $0 | |
Charles Mostov Treasurer | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $30,112 |
| Dividends & Interest | $25,217 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $22,671 |
| Capital Gain Net Income | $22,671 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,550 |
| Total Revenue | $79,550 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,420 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $23,209 |
| Contributions, gifts, grants paid | $572,150 |
| Total expenses and disbursements | $595,359 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,110 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $830 |
| 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 | $1,965 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $1,125 |
| Total assets | $2,025,976 |
| 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, Galen Family Foundation has awarded $572,150 in support to 40 organizations.
| Grant Recipient | Amount |
|---|---|
ACT FOR MS PURPOSE: GENERAL OPERATIONS | $5,000 |
AAP FOOD SAMARITANS PURPOSE: GENERAL OPERATIONS | $10,000 |
AMERICAN DOCUMENTARY FILM FESTIVAL PURPOSE: GENERAL OPERATIONS | $10,000 |
AMY'S PURPOSES PURPOSE: GENERAL OPERATIONS | $3,200 |
ANIMAL SAMARITANS PURPOSE: GENERAL OPERATIONS | $10,000 |
ARTISTS COUNCIL PURPOSE: GENERAL OPERATIONS | $5,000 |