Leonard And Betty Jo Galati Foundation
- Assets
- $4.9k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Raleigh, NC
- Founding
- 05/2019
- Data as of
- 12/2023
- EIN
- 83-2672188
Organization Overview
Leonard And Betty Jo Galati Foundation is located in Raleigh, NC. The organization was established in 2019. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Leonard And Betty Jo Galati 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, Leonard And Betty Jo Galati Foundation generated $2.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (49.1%) each year. All expenses for the organization totaled $16.7k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
TO RAISE FUNDS AND AWARENESS FOR THE RELIEF OF POOR, DISTRESSED, OR UNDERPRIVILEGED ACTIVE MILITARY SERVICE MEMBERS, VETERANS OF THE ARMED FORCES, CIVILIAN FIRST RESPONDERS, THEIR RESPECTIVE FAMILIES, OR ORGANIZATIONS SUPPORTING THE SAME, WITHOUT LIMITATION, THE POW*MIA AWARENESS CAMPAIGN.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Betty Jo Galati Director | 1 | $0 | |
Michael Wheaton Director | 40 | $0 | |
James Galati Director | 1 | $0 | |
Victoria Galati Director | 1 | $0 | |
April Sallada Director | 1 | $0 | |
Melanie Galati Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,608 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $2,608 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $10 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $16,715 |
| Total expenses | $16,725 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $4,930 |
| Other assets | $0 |
| Total assets | $4,930 |
| Total liabilities | $0 |
| Net assets or fund balances | $4,930 |