Galaxie Foundation
- Assets
- $1.4m
- Revenue
- $21.8k
- Investments
- $230.4k
- Employees
- 0
- Location
- Jackson, MS
- Founding
- 03/2013
- Data as of
- 12/2023
- EIN
- 45-5546959
Organization Overview
Galaxie Foundation is located in Jackson, MS. The organization was established in 2013. 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. Galaxie 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 12/2023, Galaxie Foundation generated $21.8k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 5.5% each year. All expenses for the organization totaled $90.8k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Galaxie Foundation has awarded 26 individual grants totaling $260,500. 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 |
|---|---|---|---|
Laurie H Mcree President | 1 | $0 | |
Annie Laurie Mcree Vice President | 1 | $0 | |
Elizabeth Bethea Mcree Secretary | 1 | $0 | |
Lanier Thomason Mcree Treasurer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $165 |
| Dividends & Interest | $12,399 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $3,182 |
| Capital Gain Net Income | $3,182 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $6,027 |
| Total Revenue | $21,773 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $16,077 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $642 |
| Total operating and administrative expenses | $20,844 |
| Contributions, gifts, grants paid | $70,000 |
| Total expenses and disbursements | $90,844 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,197,600 |
| 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 | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $230,396 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,427,996 |
| 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 | $3,500 |
| Total liabilities | $3,500 |
Grants Awarded
Over the last fiscal year, Galaxie Foundation has awarded $70,000 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
ABORTION CARE NETWORK PURPOSE: SUPPORT PURPOSE OF ORGANIZATION | $25,000 |
ANNEX TEEN CLINIC PURPOSE: SUPPORT PURPOSE OF ORGANIZATION | $5,000 |
CANOPY CHILDRENS SOLUTIONS PURPOSE: SUPPORT PURPOSE OF ORGANIZATION | $5,000 |
FAMILY FOCUS PURPOSE: SUPPORT PURPOSE OF ORGANIZATION | $5,000 |
HAVEN HOUSE PURPOSE: SUPPORT PURPOSE OF ORGANIZATION | $5,000 |
OPERATION SHOESTRING PURPOSE: SUPPORT PURPOSE OF ORGANIZATION | $20,000 |