Galway Bay Foundation Inc
- Assets
- $1.6m
- Revenue
- $235.7k
- Investments
- $1.4m
- Employees
- 0
- Location
- Saddle River, NJ
- Founding
- 07/1998
- Data as of
- 12/2021
- EIN
- 22-3592574
Organization Overview
Galway Bay Foundation Inc is located in Saddle River, NJ. The organization was established in 1998. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Galway Bay 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 12/2021, Galway Bay Foundation Inc generated $235.7k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.4%) each year. All expenses for the organization totaled $400.6k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Thomas O'brien President | 1 | $0 | |
Christopher O'brien Vice Pres. | 1 | $0 | |
Patricia O'brien Secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $5,125 |
| Dividends & Interest | $27,618 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $202,915 |
| Capital Gain Net Income | $202,915 |
| Net ST Capital Gain | $16,117 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $235,658 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $108 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $22,096 |
| Contributions, gifts, grants paid | $378,500 |
| Total expenses and disbursements | $400,596 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $176,463 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,611,594 |
| 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, Galway Bay Foundation Inc has awarded $378,500 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
SEE ATTACHED STATEMENT PURPOSE: UNRESTRICTED | $14,250 |
NIAGARA UNIVERSITY PURPOSE: GENERAL | $300,000 |
ST GABRIEL CHURCH PURPOSE: UNRESTRICTED | $28,250 |
CARDINAL'S ANNUAL APPEAL PURPOSE: UNRESTRICTED | $5,000 |
COLUMBUS CITIZEN'S FOUNDATION INC PURPOSE: UNRESTRICTED | $10,000 |
PECONIC HOCKEY FOUNDATION PURPOSE: UNRESTRICTED | $6,000 |