Tony Galines Foundation
- Assets
- $701.3k
- Revenue
- $17.4k
- Investments
- $685.6k
- Employees
- 0
- Location
- Herrin, IL
- Founding
- 02/1995
- Data as of
- 12/2022
- EIN
- 37-1255209
Organization Overview
Tony Galines Foundation is located in Herrin, IL. The organization was established in 1995. 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. Tony Galines 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, Tony Galines Foundation generated $17.4k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (2.8%) each year. All expenses for the organization totaled $38.6k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Tony Galines Foundation has awarded 125 individual grants totaling $255,496. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
NONE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
The Bank Of Herrin Trustee | 1 | $3,114 | |
Barbara Jacobs Advisor | 0 | $0 | |
Don Benitone Advisor | 0 | $0 | |
Jason Henson Advisor | 0 | $0 | |
Paula Johnson Advisor | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $2,500 |
| Dividends & Interest | $10,809 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $4,133 |
| Capital Gain Net Income | $4,133 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $17,442 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $3,114 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $370 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $140 |
| Total operating and administrative expenses | $4,504 |
| Contributions, gifts, grants paid | $34,112 |
| Total expenses and disbursements | $38,616 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $15,769 |
| 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 | $685,360 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $1 |
| Total assets | $701,349 |
| 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, Tony Galines Foundation has awarded $34,112 in support to 14 organizations.
| Grant Recipient | Amount |
|---|---|
ALYSSA STALLMAN PURPOSE: SCHOLARSHIP | $1,000 |
HERRIN CITY LIBRARY PURPOSE: CHARITABLE | $4,930 |
ASHTYN PIERCE PURPOSE: SCHOLARSHIP | $1,000 |
LUKE HILEMAN PURPOSE: SCHOLARSHIP | $1,000 |
TAYLOR CORNELIUS PURPOSE: SCHOLARSHIP | $1,000 |
VILLAGE OF COLP PURPOSE: CHARITABLE | $9,000 |