Thomas H & Barbara W Gale Foundation
- Assets
- $4.9m
- Revenue
- $548.3k
- Investments
- $4.8m
- Employees
- 0
- Location
- Cleveland, OH
- Founding
- 12/1995
- Data as of
- 12/2022
- EIN
- 34-1813012
Organization Overview
Thomas H & Barbara W Gale Foundation is located in Cleveland, OH. The organization was established in 1995. 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. Thomas H & Barbara W 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 12/2022, Thomas H & Barbara W Gale Foundation generated $548.3k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 8.9% each year. All expenses for the organization totaled $567.1k during the year ending 12/2022. While expenses have increased by 2.6% per year over the past 8 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.
Since 2019, Thomas H & Barbara W Gale Foundation has awarded 69 individual grants totaling $1,928,652. 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 |
|---|---|---|---|
Barbara W Gale President | 1 | $0 | |
Thomas H Gale Vice-Pres. | 1 | $0 | |
Alicia W Gale Vice-Pres #2 | 0.1 | $0 | |
Elizabeth G Langley Treasurer | 0.1 | $0 | |
Jennifer G Mantzaris Secretary | 0.1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $202,473 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $345,850 |
| Capital Gain Net Income | $345,850 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $548,323 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $10,819 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $328 |
| Total operating and administrative expenses | $72,137 |
| Contributions, gifts, grants paid | $495,000 |
| Total expenses and disbursements | $567,137 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $73,566 |
| Savings and temporary cash investments | $114,198 |
| 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 | $72,069 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $1,089 |
| Total assets | $4,946,594 |
| 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, Thomas H & Barbara W Gale Foundation has awarded $495,000 in support to 15 organizations.
| Grant Recipient | Amount |
|---|---|
QUEEN ANNE'S COUNTY FAMILY YMCA PURPOSE: GENERAL SUPPORT | $25,000 |
CHESTER RIVER HEALTH FOUNDATION PURPOSE: HEMATOLOGY ANALYZER | $25,000 |
THE CHURCH HILL THEATER PURPOSE: COST OF LIGHTING SYSTEM | $35,000 |
CORNELL UNIVERSITY PURPOSE: ENDOWMENT FUNDS-ELIZABETH A GALE FUND FOR WOMEN'S CHORUS AND SIGMA PHI FRATERNITY | $25,000 |
JOHNS HOPKINS UNIVERSITY OF MEDICINE PURPOSE: RESEARCH-DR. PETER L. GEHBAC, AND DR. ALBERT JUN | $60,000 |
FAIR HILL FOUNDATION PURPOSE: "CAMPAIGN FOR FAIR HILL" | $25,000 |