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
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 |
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 |
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 |