Gareatis Foundation
- Assets
- $3.4m
- Revenue
- $39.0k
- Investments
- $3.4m
- Employees
- 0
- Location
- Fremont, CA
- Founding
- 01/2011
- Data as of
- 12/2022
- EIN
- 27-3001288
Organization Overview
Gareatis Foundation is located in Fremont, CA. The organization was established in 2011. 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. Gareatis 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, Gareatis Foundation generated $39.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (10.4%) each year. All expenses for the organization totaled $215.5k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (2.2%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Gareatis Foundation has awarded 39 individual grants totaling $1,520,000. 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 |
|---|---|---|---|
Pete C Perlegos President | 0 | $0 | |
Archie G Perlegos CFO | 0 | $0 | |
Nick J Perlegos Secretary | 0 | $0 | |
Gust Perlegos Vice President | 0 | $0 | |
Mary Perlegos Vice President | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $15,031 |
| Dividends & Interest | $51,860 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$27,915 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $38,976 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $80 |
| Taxes | $50 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $410 |
| Total operating and administrative expenses | $540 |
| Contributions, gifts, grants paid | $215,000 |
| Total expenses and disbursements | $215,540 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| 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 | $145,944 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $3,419,044 |
| 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, Gareatis Foundation has awarded $215,000 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
UNIVERSITY OF CALIFORNIA BERKELEY PURPOSE: COLLEGE OF ENGINEERING | $50,000 |
UNIVERSITY OF PENNSYLVANIA PURPOSE: GENERAL PURPOSES | $50,000 |
UNIVERSITY OF CALIFORNIA SANTA BARB PURPOSE: ENGINEERING & SCIENCE DEPTS | $20,000 |
STANFORD UNIVERSITY MEDICAL CENTER PURPOSE: GENERAL PURPOSES | $50,000 |
SCHOOL OF IMAGINATION PURPOSE: GENERAL PURPOSES | $5,000 |
UNIVERSITY OF CALIFORNIA SAN FRANCI PURPOSE: GENERAL PURPOSE | $40,000 |