Galen Institute Inc
- Assets
- $0.0
- Revenue
- $114.2k
- Investments
- $0.0
- Employees
- 1
- Location
- Paeonian Springs, VA
- Founding
- 03/1996
- Data as of
- 12/2022
- EIN
- 54-1770524
Organization Overview
Galen Institute Inc is located in Paeonian Springs, VA. The organization was established in 1996. According to its NTEE Classification (H05) the organization is classified as: Research Institutes & Public Policy Analysis, 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. Galen Institute 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 12/2022, Galen Institute Inc generated $114.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (24.3%) each year. All expenses for the organization totaled $481.6k during the year ending 12/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
ADVANCING FREE-MARKET IDEAS IN HEALTH POLICY THROUGH ANALYSIS AND PUBLIC EDUCATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE ANALYSIS AND EDUCATION REGARDING HEALTH CARE MATTERS, INCLUDING THE IMPACT OF TAX POLICY ON HEALTH CARE ISSUES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Grace-Marie Turner President | Officer | 60 | $227,386 |
John Hoff Secretary | OfficerTrustee | 6 | $0 |
Beth Haynes Treasurer | OfficerTrustee | 6 | $0 |
Judith Brachman Trustee | Trustee | 6 | $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 | $113,950 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $113,950 |
| Total Program Service Revenue | $0 |
| Investment income | $294 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| 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 | $114,244 |
| 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 | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $282,970 |
| Compensation of current officers, directors, key employees. | $56,593 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $12,438 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $15,731 |
| Fees for services: Accounting | $15,221 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $104,349 |
| Advertising and promotion | $0 |
| Office expenses | $546 |
| Information technology | $21,742 |
| Royalties | $0 |
| Occupancy | $19,774 |
| Travel | $4,739 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $327 |
| Insurance | $3,728 |
| All other expenses | $0 |
| Total functional expenses | $481,565 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Other assets | $0 |
| Total assets | $0 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $0 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Galen Institute Inc has recieved totaling $675,000.
| Awarding Organization | Amount |
|---|---|
Searle Freedom Trust Madison, WI PURPOSE: EDUCATION AND OUTREACH | $300,000 |
Pharmaceutical Research And Manufacturers Of America Washington, DC PURPOSE: General Contribution | $150,000 |
Sarah Scaife Foundation Inc Pittsburgh, PA PURPOSE: GENERAL OPERATING SUPPORT | $125,000 |
Lynde And Harry Bradley Foundation Inc Milwaukee, WI PURPOSE: TO SUPPORT GENERAL OPERATIONS | $100,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Memphis Bioworks Foundation Memphis, TN | $6,047,652 | $238,794 |
Amga Foundation Inc Alexandria, VA | $2,610,879 | $2,312,164 |
Ivi Foundation Inc Alexandria, VA | $2,038,987 | $1,664,291 |
International Society For Advancement Of Cytometry Washington, DC | $2,250,621 | $1,271,377 |
Medical Technology And Practice Patterns Institute Inc Bethesda, MD | $4,682,047 | $864,770 |
Salem Research Institute Inc Salem, VA | $3,333,370 | $1,714,541 |
Galen Institute Inc Paeonian Springs, VA | $0 | $114,244 |
International Cannabinoid Research Society Winstonsalem, NC | $615,422 | $392,771 |
Accreditation For Cardiovascular Excellence Inc Midlothian, VA | $832,987 | $727,611 |
Product Quality Research Institute Inc Washington, DC | $299,261 | $208,987 |
Hudson Institute Of Mineralogy Keswick, VA | $1,570,559 | $158,766 |
International Pnh Interest Group Portsmouth, VA | $385,337 | $100,000 |