William And L R Gale Community Foundation
- Assets
- $5.3m
- Revenue
- $382.9k
- Investments
- $4.5m
- Employees
- 0
- Location
- Wellsboro, PA
- Founding
- 05/1989
- Data as of
- 12/2023
- EIN
- 23-6925368
Organization Overview
William And L R Gale Community Foundation is located in Wellsboro, PA. The organization was established in 1989. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. William And L R Gale Community 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, William And L R Gale Community Foundation generated $382.9k in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 19.9% each year . All expenses for the organization totaled $317.1k during the year ending 12/2023. While expenses have increased by 16.9% per year over the past 9 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, William And L R Gale Community Foundation has awarded 72 individual grants totaling $1,421,060. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
NOT APPLICABLE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Henry W Lush Admin Cmte | 5 | $0 | |
Michael E Callahan Admin Cmte | 5 | $0 | |
Deborah J Long Admin Cmte | 5 | $0 | |
Name Not Listed Trustee | 10 | $32,474 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $5,060 |
| Interest on Savings | $31,823 |
| Dividends & Interest | $145,573 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $137,704 |
| Capital Gain Net Income | $137,704 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $62,714 |
| Total Revenue | $382,874 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $32,474 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $255 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $781 |
| Total operating and administrative expenses | $36,062 |
| Contributions, gifts, grants paid | $281,000 |
| Total expenses and disbursements | $317,062 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $757,930 |
| 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 | $1 |
| Investments—mortgage loans | $0 |
| Investments—other | $426,834 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $5,304,136 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $470,297 |
| 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 | $470,297 |
Grants Awarded
Over the last fiscal year, William And L R Gale Community Foundation has awarded $281,000 in support to 17 organizations.
| Grant Recipient | Amount |
|---|---|
CRYSTAL CLARK PURPOSE: SCHOLARSHIPAWARDED | $20,000 |
JOHANNA DICKERSON PURPOSE: SCHOLARSHIPAWARDED | $20,000 |
DAISY KNAPP PURPOSE: SCHOLARSHIPAWARDED | $20,000 |
LEVI EVANS PURPOSE: SCHOLARSHIPAWARDED | $20,000 |
ALLI RUTH MACENSKY PURPOSE: SCHOLARSHIPAWARDED | $20,000 |
KAYLA PALMER PURPOSE: SCHOLARSHIPAWARDED | $20,000 |