Galen Foundation
- Assets
- $62.6k
- Revenue
- $44.1k
- Investments
- $16.5k
- Employees
- 0
- Location
- Cleveland, OH
- Founding
- 11/2004
- Data as of
- 06/2023
- EIN
- 20-1232559
Organization Overview
Galen Foundation is located in Cleveland, OH. The organization was established in 2004. According to its NTEE Classification (G30) the organization is classified as: Cancer, under the broad grouping of Voluntary Health Associations & Medical Disciplines and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Galen 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 06/2023, Galen Foundation generated $44.1k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 0.5% each year. All expenses for the organization totaled $46.7k during the year ending 06/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
DEVELOPMENT AND MAINTENANCE OF MEDICAL INFORMATION ON THE WORLD WIDE WEB SITE INCLUDING SEARCH ENGINE OPIMIZATION
CANCER COACHING PROGRAM PROVIDES INFORMATION ON VARIOUS TYPES OF CANCER AND TREATMENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Emerson Executive Director | 5 | $0 | |
Charlie Lougheed Chairman | 1 | $0 | |
Gary Whitman Trustee | 1 | $0 | |
Brad Withers Trustee | 1 | $0 | |
Erik Ovesny Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $29,173 |
| Interest on Savings | $0 |
| Dividends & Interest | $1,498 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $13,460 |
| Total Revenue | $44,131 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $25 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $101 |
| Printing and publications | $0 |
| Other expenses | $16,746 |
| Total operating and administrative expenses | $46,730 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $46,730 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $45,893 |
| 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 | $16,502 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $199 |
| Total assets | $62,594 |
| Accounts payable and accrued expenses | $3,488 |
| 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 | $3,488 |
Grants Awarded
Over the last fiscal year, Galen Foundation has awarded $1,015 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
BB NORRIS COTTON PURPOSE: GENERAL SUPPORT | $50 |
AMERICAN CANCER SOCIETY PURPOSE: GENERAL SUPPORT | $50 |
JEWISH BBS BOSTON PURPOSE: GENERAL SUPPORT | $100 |
CLEVELAND CLINIC PHILANTHROPY PURPOSE: GENERAL SUPPORT | $590 |
NATIONAL MS SOCIETY PURPOSE: GENERAL SUPPORT | $75 |
THE NATIONAL BRAIN TUMOR SOCIETY PURPOSE: GENERAL SUPPORT | $50 |