Galena Foundation Inc

Organization Overview

Galena Foundation Inc is located in Galena, IL. The organization was established in 1983. According to its NTEE Classification (A12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Galena Foundation Inc 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 12/2021, Galena Foundation Inc generated $243.0k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 12.3% each year . All expenses for the organization totaled $135.9k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.

Since 2016, Galena Foundation Inc has awarded 16 individual grants totaling $470,470. 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

PRESERVE/REHABILITATE PUBLIC ASSETS

Describe the Organization's Program Activity:

Part 3 - Line 4a

GALENA PROPERTIES - RESTORATION


TURNER HALL - RESTORATION


GALENA PUBLIC LIBRARY - PRESERVATION


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Board, Officers & Key Employees

Name (title)Compensation
Ronald Leinen
Vice President
$0
Zeke Winders
Treasurer
$0
Andy Willis
President
$0
Karen Greiner
Secretary
$0
Paula Schonhoff
Director
$0
Daniel Kelley
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$232,566
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$232,566
Total Program Service Revenue$0
Investment income $31,237
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales -$20,790
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $243,013

Grants Awarded

Over the last fiscal year, Galena Foundation Inc has awarded $71,896 in support to 3 organizations.

Grant RecipientAmount

CITY OF GALENA

PURPOSE: RESTORATION OF TURNER HALL

$26,024

UNITED METHODIST CHURCH

Org PageRecipient Profile

Galena, IL

PURPOSE: RESTORATION OF STEEPLE

$25,586

CITY OF GALENA

PURPOSE: RESTORATION OF GRANT PARK

$20,286
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Galena Foundation Inc has recieved totaling $118.

Awarding OrganizationAmount
Amazonsmile Foundation

Seattle, WA

PURPOSE: GENERAL SUPPORT

$118
View Grant Recipient Profile

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