The Gala Of Hope Foundation Inc
- Assets
- $1.0m
- Revenue
- $1.2m
- Investments
- $36.0k
- Employees
- 0
- Location
- Beavercreek, OH
- Founding
- 03/2014
- Data as of
- 12/2022
- EIN
- 46-4277044
Organization Overview
The Gala Of Hope Foundation Inc is located in Beavercreek, OH. The organization was established in 2014. According to its NTEE Classification (G12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Voluntary Health Associations & Medical Disciplines and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Gala Of Hope 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 12/2022, Gala Of Hope Foundation Inc generated $1.2m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 20.1% each year . All expenses for the organization totaled $903.3k during the year ending 12/2022. While expenses have increased by 18.1% per year over the past 8 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.
Since 2015, Gala Of Hope Foundation Inc has awarded 46 individual grants totaling $2,624,115. 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
THE GALA OF HOPE PROVIDES PAYMENTS TO VARIOUS ORGANIZATIONS ON BEHALF OF INDIGENT INDIVIDUALS UNDERGOING CANCER TREATMENT TO ASSIST WITH CHEMOTHERAPY TREATMENTS, PURCHASE DURABLE MEDICAL EQUIPMENT AND EXPENSES OF DAILY LIVING SUCH AS RENT PAYMENTS, MORTGAGE PAYMENTS, UTILITY PAYMENTS, ETC. DURING 2021, ONE HUNDRED-ONE (101) INDIVIDUALS WERE RECIPIENTS OF THESE GRANT PAYMENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Barbara Mills Trustee | 2 | $0 | |
Phil Black Treasurer | 2 | $0 | |
David Brixey Trustee | 1 | $0 | |
Tiffany Kellner Vice President | 1 | $0 | |
Sam Warwar Secretary | 1 | $0 | |
Jeff Brock Executive Director | 58 | $174,998 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,134,353 |
| Interest on Savings | $38 |
| Dividends & Interest | $160 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $86,810 |
| Total Revenue | $1,221,361 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $174,998 |
| Other employee salaries and wages | $44,627 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $15,187 |
| Depreciation | $0 |
| Occupancy | $4,607 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $344,289 |
| Total operating and administrative expenses | $593,749 |
| Contributions, gifts, grants paid | $309,503 |
| Total expenses and disbursements | $903,252 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $320,789 |
| Savings and temporary cash investments | $662,265 |
| Net Accounts receivable | $25,000 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,044,069 |
| 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 Gala Of Hope Foundation Inc has awarded $309,503 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
KETTERING MEDICAL CENTER FOUNDATION PURPOSE: ASSISTANCE, CYCLOTRON REPLACEMENT | $125,000 |
DAYTON CHILDRENS FOUNDATION PURPOSE: GENERAL | $82,402 |
MERCY HEALTH FOUNDATION CLARK & CHAMPAIGN COUNTIES PURPOSE: LUNG CANCER RESEARCH AND TREATMENT PROGRAM | $101,101 |
CHILDREN'S BRAIN TUMOR FOUNDATION PURPOSE: DAYTON, OHIO WALK SPONSOR | $1,000 |