Galien Foundation Inc
- Assets
- $3.1m
- Revenue
- $2.0m
- Investments
- $0.0
- Employees
- 1
- Location
- New York, NY
- Founding
- 02/2010
- Data as of
- 12/2021
- EIN
- 26-4549935
Organization Overview
Galien Foundation Inc is located in New York, NY. The organization was established in 2010. According to its NTEE Classification (H19) the organization is classified as: Support N.E.C., under the broad grouping of Medical Research and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Galien 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, Galien Foundation Inc generated $2.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.3% each year. All expenses for the organization totaled $1.8m during the year ending 12/2021. While expenses have increased by 1.9% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROMOTION OF BIOMEDICAL RESEARCH.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RECOGNITION OF TECHNICAL, SCIENTIFIC AND RESEARCH SKILLS TO CREATE INNOVATIVE MEDICINES AND DEVICES. THE AWARD IS CONSIDERED THE EQUIVALENT OF THE NOBEL PRIZE.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cohen Bruno President | Trustee | 40 | $173,411 |
Mohr John Director | Trustee | 5 | $0 |
Schaison Philippe Director | Trustee | 5 | $0 |
Scherl Zev Director | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,953,993 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,953,993 |
| Total Program Service Revenue | $0 |
| Investment income | $1,681 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $82,469 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,038,143 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $18,052 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $297,111 |
| Compensation of current officers, directors, key employees. | $118,845 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $19,317 |
| Fees for services: Accounting | $29,375 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $16,512 |
| Advertising and promotion | $0 |
| Office expenses | $41,490 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $77,768 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,073,122 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $74,324 |
| Insurance | $2,310 |
| All other expenses | $3,190 |
| Total functional expenses | $1,754,964 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,872,643 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $494,361 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $771,421 |
| Other assets | $2,422 |
| Total assets | $3,140,847 |
| Accounts payable and accrued expenses | $406,238 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $406,238 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $2,734,609 |
| Total liabilities and net assets/fund balances | $3,140,847 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Galien Foundation Inc has recieved totaling $30,000.
| Awarding Organization | Amount |
|---|---|
Gbt Foundation South San Francisco, CA PURPOSE: THE GALIEN WEEK OF INNOVATION AND THE GALIEN FORUM, HELD EVERY AUTUMN AT NEW YORKS ALEXANDRIA CENTER FOR LIFE SCIENCES, OFFERS 5 FULL LIVE DIGITAL AND IN PERSON DAYS OF DYNAMIC PRESENTATIONS AND SPIRITED DISCUSSIONS WITH TOP SCIENTISTS AND INDUSTRY RESEARCHERS WHO OFFER PERSPECTIVES ON THE MOST SIGNIFICANT CHALLENGES IN THE GLOBAL BURDEN OF DISEASE AND HIGHLIGHT THE LATEST RESEARCH AND CLINICAL PATHWAYS TOWARD DIAGNOSIS, TREATMENT, AND CURE. | $30,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
South Shore Health Express Inc South Weymouth, MA | $32,089,469 | $12,224,356 |
Beat Childhood Cancer Foundation Inc Braintree, MA | $1,950,018 | $1,628,336 |
Galien Foundation Inc New York, NY | $3,140,847 | $2,038,143 |
Minerva Foundation Inc Pennington, NJ | $11,687,929 | $3,567,620 |
Full Steam Forward Inc Boston, MA | $199,302 | $229,396 |
Zebrafish Disease Models Society Clifton Park, NY | $286,470 | $0 |
International Thymic Malignancy Interest Group Sleepy Hollow, NY | $146,340 | $0 |
Alexanders Angels Inc Jericho, NY | $33,601 | $0 |
Ponde Family Foundation Milton, MA | $7,771 | $0 |
Angels For Alyssa Elliottsburg, PA | $14,269 | $0 |
Med Man Simulations Inc Chestnut Hill, MA | $84,214 | $0 |
Renemarie Language Of Love Foundation Inc Hawthorne, NJ | $630 | $0 |