Galien Foundation Inc
- Assets
- $4.0m
- Revenue
- $2.6m
- Investments
- $0.0
- Employees
- 1
- Location
- New York, NY
- Founding
- 02/2010
- Data as of
- 12/2023
- EIN
- 26-4549935
Organization Overview
Galien Foundation Inc is located in New York, NY. The organization was established in 2010. According to its NTEE Classification (H19) the organization is classified as: Support N.E.C., under the broad grouping of Medical Research and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Galien 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, Galien Foundation Inc generated $2.6m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 4.5% each year. All expenses for the organization totaled $2.4m during the year ending 12/2023. While expenses have increased by 5.0% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
PROMOTION OF BIOMEDICAL RESEARCH.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RECOGNITION OF TECHNICAL, SCIENTIFIC AND RESEARCH SKILLS TO CREATE INNOVATIVE MEDICINES AND DEVICES. THE AWARD IS CONSIDERED THE EQUIVALENT OF THE NOBEL PRIZE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cohen Bruno President | OfficerTrustee | 40 | $267,729 |
Schaison Philippe Director | Trustee | 5 | $0 |
Scherl Zev Director | Trustee | 5 | $0 |
Mohr John Director | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,434,838 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,434,838 |
| Total Program Service Revenue | $0 |
| Investment income | $73,894 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $70,423 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,579,155 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $5,000 |
| Grants and other assistance to domestic individuals. | $500 |
| Grants and other assistance to Foreign Orgs/Individuals | $37,414 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $196,000 |
| Compensation of current officers, directors, key employees. | $50,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $25,651 |
| Fees for services: Accounting | $84,173 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $15,178 |
| Advertising and promotion | $118,670 |
| Office expenses | $37,605 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $192,126 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,481,443 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $65,333 |
| Insurance | $4,582 |
| All other expenses | $7,506 |
| Total functional expenses | $2,373,738 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,379,451 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $722,732 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $34,415 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $493,425 |
| Other assets | $376,172 |
| Total assets | $4,006,195 |
| Accounts payable and accrued expenses | $833,010 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $833,010 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $3,173,185 |
| Total liabilities and net assets/fund balances | $4,006,195 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Galien Foundation Inc New York, NY | $4,006,195 | $2,579,155 |
Beat Childhood Cancer Foundation Inc Braintree, MA | $4,666,448 | $4,488,841 |
Minerva Foundation Inc Pennington, NJ | $10,258,679 | -$822,943 |
Full Steam Forward Inc Boston, MA | $200,375 | $273,636 |
Zebrafish Disease Models Society Clifton Park, NY | $244,609 | $213,629 |
International Thymic Malignancy Interest Group Sleepy Hollow, NY | $0 | $0 |
Renemarie Language Of Love Foundation Inc Hawthorne, NJ | $14,485 | $0 |
Santhigram Foundation A Nj Nonprofit Corporation Edison, NJ | $1,737 | $17,000 |
Angels For Alyssa Elliottsburg, PA | $60,623 | $0 |
Alexanders Angels Inc Jericho, NY | $40,459 | $0 |
Ponde Family Foundation Milton, MA | $7,771 | $0 |
Nathaniel Adamczyk Foundation Philadelphia, PA | $232,014 | $5,250 |
Puzzle Solvers Cortland, NY | $23,736 | $0 |
N Y Academy Of Medicine Ttee 124538 New York, NY | $150,931 | $1,961 |
Med Man Simulations Inc Chestnut Hill, MA | $66,901 | $0 |
Wong & Sun Family Foundation Glen Head, NY | $13,802 | $0 |