Galion Community Foundation 021-006
- Assets
- $3.1m
- Revenue
- $159.0k
- Investments
- $3.0m
- Employees
- 0
- Location
- Galion, OH
- Founding
- 01/1964
- Data as of
- 06/2022
- EIN
- 31-6023104
Organization Overview
Galion Community Foundation 021-006 is located in Galion, OH. The organization was established in 1964. According to its NTEE Classification (T30) the organization is classified as: Public 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. Galion Community Foundation 021-006 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 06/2022, Galion Community Foundation 021-006 generated $159.0k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.9%) each year. All expenses for the organization totaled $180.8k during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Galion Community Foundation 021-006 has awarded 355 individual grants totaling $693,510. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
NA
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Edward Jones Trustee | 0 | $32,714 | |
Sandra Powell Chairman | 0 | $0 | |
David Spraw Secretary | 0 | $0 | |
Cathy Moneysmith Treasurer | 0 | $4,000 | |
Bruce Angell Trustee | 0 | $0 | |
Tyler K Huggins Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $111,478 |
| Interest on Savings | $4,806 |
| Dividends & Interest | $79,027 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$36,340 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $158,971 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $36,714 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,600 |
| Depreciation | $0 |
| Occupancy | $1,200 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $4,068 |
| Total operating and administrative expenses | $50,991 |
| Contributions, gifts, grants paid | $129,843 |
| Total expenses and disbursements | $180,834 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $74,230 |
| 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 | $2,998,545 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $3,072,775 |
| 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, Galion Community Foundation 021-006 has awarded $129,843 in support to 43 organizations.
| Grant Recipient | Amount |
|---|---|
GALION COMMUNITY CENTER Y PURPOSE: GENERAL FUND | $30,000 |
GALION MIDDLE SCHOOL SPOOKTACULAR PURPOSE: DONATION | $200 |
SARA BEAGLE CHILD CARE CENTER PURPOSE: DONATION | $1,000 |
GALION HIGH SCHOOL VOLLEYBALL PURPOSE: DONATION | $1,500 |
GALION GOLDEN AGE CENTER PURPOSE: DONATION | $2,476 |
GALION CITY SCHOOLS PURPOSE: DONATION | $350 |