The Galanti Foundation
- Assets
- $970.1k
- Revenue
- $47.8k
- Investments
- $949.9k
- Employees
- 0
- Location
- Holmes Beach, FL
- Founding
- Data as of
- 12/2016
- EIN
- 30-0289141
Organization Overview
The Galanti Foundation is located in Holmes Beach, FL.
For the year ending 12/2016, Galanti Foundation generated $47.8k in total revenue. This organization has experienced exceptional growth, as over the past 2 years, it has increased revenue by an average of 29.3% each year . All expenses for the organization totaled $58.0k during the year ending 12/2016. While expenses have increased by 4.1% per year over the past 2 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2016
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Galanti President / Director | 2 | $0 | |
Virginia Smith Secretary / Director | 2 | $0 | |
Fredric Tannenbaum Asst Sec / Director | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $1 |
| Dividends & Interest | $20,220 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $27,565 |
| Capital Gain Net Income | $27,565 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $47,786 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $500 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $430 |
| Total operating and administrative expenses | $13,047 |
| Contributions, gifts, grants paid | $44,950 |
| Total expenses and disbursements | $57,997 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $20,252 |
| 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 | $949,873 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $970,125 |
| 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, The Galanti Foundation has awarded $44,950 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
HOLY NAME SCHOOL PURPOSE: PROVIDE GENERAL SUPPORT FOR ELEMENTRY SCHOOL. | $19,950 |
UPLIFTING ATHLETES PURPOSE: PROVIDE GENERAL SUPPORT. | $10,000 |
PENN STATE UNIVERSITY PURPOSE: PROVIDE GENERAL SUPPORT. | $10,000 |
THE COMMON WHEEL PURPOSE: PROVIDE GENERAL SUPPORT. | $5,000 |