Gale Family Foundation Inc
- Assets
- $715.1k
- Revenue
- $57.7k
- Investments
- $707.1k
- Employees
- 0
- Location
- Redondo Beach, CA
- Founding
- 04/2000
- Data as of
- 12/2023
- EIN
- 95-4774225
Organization Overview
Gale Family Foundation Inc is located in Redondo Beach, CA. The organization was established in 2000. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Gale Family 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 12/2023, Gale Family Foundation Inc generated $57.7k in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 20.4% each year . All expenses for the organization totaled $38.8k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Gale Family Foundation Inc has awarded 180 individual grants totaling $421,119. 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 |
|---|---|---|---|
Tina J Gale President/director | 1 | $0 | |
M Robert Gale Secretary/director/cfo | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $34 |
| Dividends & Interest | $22,620 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $35,075 |
| Capital Gain Net Income | $35,075 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $57,729 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $400 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $2,836 |
| Contributions, gifts, grants paid | $35,960 |
| Total expenses and disbursements | $38,796 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,734 |
| Savings and temporary cash investments | $6,279 |
| 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 | $81,368 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $715,125 |
| 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, Gale Family Foundation Inc has awarded $35,960 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
BEST FRIENDS ANIMAL SOCIETY PURPOSE: TO PROMOTE PROGRAMS THAT HELP PREVENT CATS AND DOGS FROM ENTERING SHELTERS AND SUPPORTING A NATIONWIDE NO-KILL INITIATIVE | $2,000 |
BORDER COLLIES IN NEED INC PURPOSE: TO PROVIDE AID FOR ADOPTION OF BORDER COLLIES. | $4,460 |
JDRF ONE WALK PURPOSE: TO ACCELERATE LIFE-CHANGING BREAKTHROUGHS TO CURE, PREVENT, AND TREAT TYPE 1 DIABETES AND ITS COMPLICATIONS | $3,500 |
THE MICHAEL J FOX FOUNDATION FOR PARKINSONS RESEARCH PURPOSE: TO FIND A CURE FOR PARKINSON'S DISEASE THROUGH AN AGGRESSIVELY FUNDED RESEARCH AGENDA. | $10,000 |
METROPOLITAN MALTESE RESCUE PURPOSE: TO PROVIDE AID FOR MALTESE AND MALTESE-MIX DOGS. | $3,000 |
JEWISH FAMILY SERVICE PURPOSE: TO STRENGTHEN AND PRESERVE INDIVIDUAL, FAMILY AND COMMUNITY LIFE BY PROVIDING A WIDE RANGE OF NEEDED HUMAN SERVICES TO PEOPLE IN THE COMMUNITY AT EVERY STAGE OF THE LIFE CYCLE, ESPECIALLY THOSE WHO ARE POOR AND DISADVANTAGED | $1,000 |