Gallagher Foundation
- Assets
- $230.7k
- Revenue
- $1.2k
- Investments
- $177.4k
- Employees
- 0
- Location
- Houston, TX
- Founding
- 01/2001
- Data as of
- 11/2022
- EIN
- 76-0662307
Organization Overview
Gallagher Foundation is located in Houston, TX. The organization was established in 2001. 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. Gallagher 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 11/2022, Gallagher Foundation generated $1.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (68.9%) each year. All expenses for the organization totaled $41.1k during the year ending 11/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Gallagher Foundation has awarded 47 individual grants totaling $378,500. 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.
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 |
|---|---|---|---|
Michael T Gallagher President | 0 | $0 | |
Joan D Gallagher Director | 0 | $0 | |
Shannon G Smith Director | 0 | $0 | |
Sean Gallagher Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $735 |
| Dividends & Interest | $3,162 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$2,737 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $15 |
| Total Revenue | $1,175 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $18 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $8,079 |
| Contributions, gifts, grants paid | $33,000 |
| Total expenses and disbursements | $41,079 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $53,219 |
| 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 | $82,640 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $230,657 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $113,315 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $113,315 |
Grants Awarded
Over the last fiscal year, Gallagher Foundation has awarded $33,000 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
HABITAT FOR HUMANITY PURPOSE: HOUSING FOR INDIGENT | $5,000 |
HEIFERS INTERNATIONAL PURPOSE: ASSISTANCE TO THE POOR | $5,000 |
SALVATION ARMY PURPOSE: ASSISTANCE TO THE POOR | $5,000 |
STAR OF HOPE PURPOSE: ASSISTANCE TO THE POOR | $5,000 |
TOYS FOR TOTS PURPOSE: CHRISTMAS ASSISTANCE POOR | $5,000 |
COVENANT HOUSE PURPOSE: HOMELESS YOUTH ASSISTANCE | $1,000 |