Richard And Barrie Galanti Foundation
- Assets
- $44.6k
- Revenue
- $339.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Seattle, WA
- Founding
- 05/1997
- Data as of
- 12/2023
- EIN
- 91-1728733
Organization Overview
Richard And Barrie Galanti Foundation is located in Seattle, WA. The organization was established in 1997. According to its NTEE Classification (T70) the organization is classified as: Federated Giving Programs, 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. Richard And Barrie Galanti 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, Richard And Barrie Galanti Foundation generated $339.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (11.9%) each year. All expenses for the organization totaled $225.4k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (7.0%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Richard And Barrie Galanti Foundation has awarded 17 individual grants totaling $1,336,250. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard Galanti President/treasurer/director | 2 | $0 | |
Barrie Galanti Vice President/director | 2 | $0 | |
Daniel M Asher Secretary | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $182,119 |
| Interest on Savings | $0 |
| Dividends & Interest | $960 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $156,272 |
| Capital Gain Net Income | $156,272 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $339,351 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,158 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $12,158 |
| Contributions, gifts, grants paid | $213,250 |
| Total expenses and disbursements | $225,408 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,077 |
| Savings and temporary cash investments | $43,154 |
| 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 | $322 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $44,553 |
| 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 | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Richard And Barrie Galanti Foundation has awarded $213,250 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
UNITED WAY OF KING COUNTY PURPOSE: TO PROVIDE SUPPORT TO EXEMPT ORGANIZATION | $200,000 |
CONGRGATION HERZL NER-TAMID PURPOSE: TO PROVIDE SUPPORT TO EXEMPT ORGANIZATION | $7,500 |
CENTER FOR CHILDREN & YOUTH JUSTICE PURPOSE: TO PROVIDE SUPPORT TO EXEMPT ORGANIZATION | $2,350 |
ALS ASSOCIATION GEORGIA CHAPTER PURPOSE: TO PROVIDE SUPPORT FOR GEORGIA ROTARIANS TEAM | $1,250 |
TULANE HILLEL PURPOSE: TO PROVIDE SUPPORT FOR HILLEL GLOBAL GIVING WEEK | $900 |
PEF ISRAEL ENDOWMENT FUNDS INC PURPOSE: TO PROVIDE SUPPORT FOR AMUTAT HANAMER | $1,250 |