The Mary Gale Foundation Inc
- Assets
- $16.8m
- Revenue
- $1.6m
- Investments
- $16.1m
- Employees
- 0
- Location
- Johnston, RI
- Founding
- 07/2003
- Data as of
- 12/2021
- EIN
- 57-1171038
Organization Overview
The Mary Gale Foundation Inc is located in Johnston, RI. The organization was established in 2003. According to its NTEE Classification (T90) the organization is classified as: Named Trusts N.E.C., 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. Mary Gale 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, Mary Gale Foundation Inc generated $1.6m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 20.7% each year . All expenses for the organization totaled $901.7k during the year ending 12/2021. While expenses have increased by 5.8% per year over the past 4 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.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lauren Johnson Trustee | 0 | $0 | |
Gina Powers Trustee | 0 | $0 | |
Ken Snow Trustee | 0 | $0 | |
Alison Perrella Treasurer | 0 | $0 | |
Meredith Young Chairman | 0 | $0 | |
Steven Dalton Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $2,082 |
| Interest on Savings | $0 |
| Dividends & Interest | $276,473 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,351,062 |
| Capital Gain Net Income | $1,351,062 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,629,617 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $25,344 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $47,115 |
| Total operating and administrative expenses | $158,689 |
| Contributions, gifts, grants paid | $743,000 |
| Total expenses and disbursements | $901,689 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $718,035 |
| Net Accounts receivable | $32,307 |
| 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 | $6,500,040 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $16,814,957 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $772,246 |
| 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 | $772,246 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Harold Grinspoon Foundation Agawam, MA | $968,665,027 | $58,159,410 |
Halvorsen Family Foundation Greenwich, CT | $235,306,066 | $4,015,208 |
Lynch Foundation Boston, MA | $176,006,196 | $42,142,694 |
Lyford Cay Foundation Inc Greenwich, CT | $29,953,842 | $2,393,799 |
Wings For Things Foundation Inc Sandy Hook, CT | $31,046,537 | $6,302,092 |
Trustees Under The Will Of Herman Dana Newton, MA | $0 | $3,151,156 |
Herman And Frieda L Miller Foundation Boston, MA | $0 | $1,453,299 |
Hometown Foundation Inc Cheshire, CT | $4,638,062 | $3,709,489 |
Elizabeth Deblois Charitable Trust Dtd 113068 Boston, MA | $42,663,522 | $5,064,165 |
Maria Seymour Brooker Memorial Inc Torrington, CT | $41,917,935 | $4,321,077 |
Jobson Family Foundation Wellesley, MA | $38,480,789 | $7,536,069 |
Scott A Nathan Charitable Tr Boston, MA | $6,622,498 | $4,024 |