Galenus Foundation
- Assets
- $13.6m
- Revenue
- $554.3k
- Investments
- $12.8m
- Employees
- 0
- Location
- Newton, MA
- Founding
- 08/2008
- Data as of
- 12/2022
- EIN
- 26-6400729
Organization Overview
Galenus Foundation is located in Newton, MA. The organization was established in 2008. 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. Galenus 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 12/2022, Galenus Foundation generated $554.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (34.4%) each year. All expenses for the organization totaled $902.9k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Galenus Foundation has awarded 59 individual grants totaling $2,307,778. 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 |
|---|---|---|---|
Laura F Langer Trustee | 1 | $0 | |
Robert S Langer Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $73,988 |
| Dividends & Interest | $295,307 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $184,970 |
| Capital Gain Net Income | $184,970 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $554,265 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $3,094 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $153 |
| Total operating and administrative expenses | $112,261 |
| Contributions, gifts, grants paid | $790,627 |
| Total expenses and disbursements | $902,888 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $821,161 |
| 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 | $6,253,303 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $13,602,047 |
| 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, Galenus Foundation has awarded $790,627 in support to 23 organizations.
| Grant Recipient | Amount |
|---|---|
KOMEN FOR THE CURE PURPOSE: EDUCATION | $100 |
LEHIGH UNIVERSITY PURPOSE: EDUCATION | $15,000 |
MASSACHUSETTS INSTITUTE OF TECHNOLO PURPOSE: RESEARCH | $675,000 |
CRADLES TO CRAYONS PURPOSE: HUMAN SERVICES | $10,000 |
NEW ART CENTER PURPOSE: CANCER RESEARCH | $1,000 |
MUSEUM OF SCIENCE PURPOSE: EDUCATION | $12,000 |