Galen Family Foundation
- Assets
- $2.5m
- Revenue
- $236.5k
- Investments
- $2.5m
- Employees
- 0
- Location
- Rancho Mirage, CA
- Founding
- 12/2005
- Data as of
- 12/2021
- 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 12/2021, Galen Family Foundation generated $236.5k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.6%) each year. All expenses for the organization totaled $473.6k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (5.6%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Galen Family Foundation has awarded 262 individual grants totaling $4,529,421. 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 | $35,798 |
| Dividends & Interest | $24,657 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $176,003 |
| Capital Gain Net Income | $176,003 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $236,458 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $3,671 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $690 |
| Total operating and administrative expenses | $32,702 |
| Contributions, gifts, grants paid | $440,906 |
| Total expenses and disbursements | $473,608 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,343 |
| 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 | $2,735 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $1,198 |
| Total assets | $2,541,785 |
| 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 $440,906 in support to 16 organizations.
| Grant Recipient | Amount |
|---|---|
Rancho Mirage, CA PURPOSE: GENERAL OPERATIONS | $250,000 |
Rancho Mirage, CA PURPOSE: GENERAL OPERATIONS | $50,000 |
ARTISTS COUNCIL PURPOSE: GENERAL OPERATIONS | $25,000 |
Rancho Mirage, CA PURPOSE: GENERAL OPERATIONS | $25,000 |
HAR-EL PURPOSE: GENERAL OPERATIONS | $21,000 |
HERITAGE CHRISTIAN SCHOOL PURPOSE: GENERAL OPERATIONS | $11,406 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Kipp Foundation San Francisco, CA | $136,274,072 | $130,699,963 |
The Chicago School - California Inc Los Angeles, CA | $127,785,110 | $98,235,232 |
Social Good Fund Richmond, CA | $64,387,201 | $85,650,973 |
Avid Center San Diego, CA | $134,506,037 | $61,146,519 |
Khan Academy Inc Mountain View, CA | $115,035,528 | $59,263,743 |
California School Employees Association San Jose, CA | $160,720,307 | $80,296,309 |
Prager University Foundation Sherman Oaks, CA | $86,724,321 | $65,499,557 |
The Oakland Public Education Fund Oakland, CA | $29,835,630 | $28,210,005 |
Unicare Community Health Center Inc Ontario, CA | $12,734,998 | $31,780,162 |
Spectrum Healthcare Group Inc Cottonwood, AZ | $17,862,058 | $29,292,227 |
University Studies Abroad Consortium Reno, NV | $41,233,258 | $28,044,577 |
Califa Group San Francisco, CA | $13,975,341 | $20,958,873 |