Galgano Family Foundation
- Assets
- $1.3m
- Revenue
- $86.1k
- Investments
- $894.0k
- Employees
- 0
- Location
- Naperville, IL
- Founding
- 06/2019
- Data as of
- 12/2020
- EIN
- 81-6965769
Organization Overview
Galgano Family Foundation is located in Naperville, IL. The organization was established in 2019. 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. Galgano Family 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 12/2020, Galgano Family Foundation generated $86.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (17.4%) each year. All expenses for the organization totaled $186.6k during the year ending 12/2020. 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.
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $25,115 |
| Dividends & Interest | $4,744 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $54,878 |
| Capital Gain Net Income | $54,878 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,363 |
| Total Revenue | $86,100 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $9,880 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,210 |
| Total operating and administrative expenses | $13,565 |
| Contributions, gifts, grants paid | $173,000 |
| Total expenses and disbursements | $186,565 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $183,160 |
| Savings and temporary cash investments | $265,786 |
| 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 | $893,989 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,342,935 |
| 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 | $4,070 |
| Total liabilities | $4,070 |
Grants Awarded
Over the last fiscal year, Galgano Family Foundation has awarded $82,500 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
Lisle, IL PURPOSE: GENERAL | $50,000 |
Oklahoma City, OK PURPOSE: GENERAL | $20,000 |
Chicago, IL PURPOSE: GENERAL | $7,500 |
THE BRIDGE CENTER PURPOSE: GENERAL | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Herschend Family Entertainment Corporation Beneficiary Trust Branson, MO | $4,577,294 | $15,681,690 |
Allergan Foundation North Chicago, IL | $0 | $22,638,597 |
The Global Orphan Project Inc Kansas City, MO | $12,087,754 | $16,385,536 |
W N Reynolds Residuary Tr Nect Chicago, IL | $153,008,234 | $7,259,404 |
William F Vilas Estate Oregon, WI | $133,759,429 | $14,905,447 |
Src Benefit Programs Trust Springfield, MO | $118,089 | $9,937,850 |
Audrey E & Donald L Hutt Tr 283 Chicago, IL | $19,533,735 | $12,080,033 |
Lawyers Trust Fund Of Illinois Chicago, IL | $23,693,587 | $13,676,265 |
William H Miner Foundation Chicago, IL | $135,785,081 | $12,025,973 |
Frederick Henry Prince Testamentary Trust Chicago, IL | $125,717,434 | $17,884,796 |
Bluhm Family Charitable Foundation Chicago, IL | $0 | $104,878 |
Yung Family Foundation The Crestview Hills, KY | $4,438,622 | $34,262 |