The Gala Of Hope Foundation Inc
- Assets
- $946.6k
- Revenue
- $856.1k
- Investments
- $36.0k
- Employees
- 0
- Location
- Beavercreek, OH
- Founding
- 03/2014
- Data as of
- 12/2021
- 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 12/2021, Gala Of Hope Foundation Inc generated $856.1k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 17.2% each year . All expenses for the organization totaled $735.3k during the year ending 12/2021. While expenses have increased by 17.5% per year over the past 7 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 42 individual grants totaling $2,314,612. 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
2021
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, NINETY-SIX (96) INDIVIDUALS WERE RECIPIENTS OF THESE GRANT PAYMENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeff Brock Executive Director | 58 | $174,999 | |
Barbara Mills President | 2 | $0 | |
John Keighley Term Ended June 2021 Trustee | 1 | $0 | |
Tiffany Kellner Trustee | 1 | $0 | |
Sam Warwar Secretary | 1 | $0 | |
Cameron Mcgregor Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $808,005 |
| Interest on Savings | $52 |
| Dividends & Interest | $129 |
| 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 | $47,876 |
| Total Revenue | $856,062 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $174,999 |
| Other employee salaries and wages | $42,858 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $15,142 |
| Depreciation | $0 |
| Occupancy | $926 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $104,349 |
| Total operating and administrative expenses | $357,634 |
| Contributions, gifts, grants paid | $377,662 |
| Total expenses and disbursements | $735,296 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $411,624 |
| Savings and temporary cash investments | $262,227 |
| Net Accounts receivable | $236,710 |
| 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 | $946,576 |
| 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 $377,662 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
MERCY HEALTH FOUNDATION CLARK & CHAMPAIGN COUNTIES PURPOSE: LUNG CANCER RESEARCH AND TREATMENT PROGRAM | $125,261 |
KETTERING MEDICAL CENTER FOUNDATION PURPOSE: ASSISTANCE, CYCLOTRON REPLACEMENT | $125,000 |
Dayton, OH PURPOSE: GENERAL | $82,401 |
Dayton, OH PURPOSE: MOBILE RV FOR INSTRUCTIONAL PURPOSES | $45,000 |
Grants Recieved
Over the last fiscal year, we have identified 7 grants that The Gala Of Hope Foundation Inc has recieved totaling $77,505.
| Awarding Organization | Amount |
|---|---|
Miami Valley Hospital Dayton, OH PURPOSE: SUPPORT | $41,000 |
Community Mercy Health Partners Springfield, OH PURPOSE: Mission Support | $15,000 |
Greene County Community Foundation Xenia, OH PURPOSE: CHARITABLE | $6,000 |
Upper Valley Medical Center Dayton, OH PURPOSE: SUPPORT | $5,500 |
Bon Secours Mercy Health Foundation Cincinnati, OH PURPOSE: Program Support | $5,000 |
Dewine Family Foundation Inc Cincinnati, OH PURPOSE: TREATMENT FUNDING | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Michigan Health Endowment Fund Brighton, MI | $367,711,952 | $101,875,561 |
Service Coordination Unlimited Inc Pittsburgh, PA | $4,474,883 | $7,015,271 |
Eagles Autism Challenge Inc Philadelphia, PA | $4,671,801 | $3,218,137 |
Hope For Haitis Children Ministries Inc Cincinnati, OH | $7,123,949 | $4,468,101 |
Nf Forward Detroit, MI | $11,092,671 | $8,373,465 |
The Abim Foundation Philadelphia, PA | $92,491,227 | $11,488,048 |
Bringing Hope Home Inc Malvern, PA | $706,369 | $2,303,858 |
Resort Charity Events Inc Bloomington, IN | $167,488 | $1,958,916 |
Southern Chester County Emergency Medical Services Inc Avondale, PA | $1,825,972 | $1,565,526 |
Caribbean Christian Centre For The Deaf Inc Zeeland, MI | $419,881 | $1,266,757 |
Sharpe-Strumia Research Foundation Of The Bryn Mawr Hospital Bryn Mawr, PA | $25,307,489 | $1,417,708 |
Poetice Holland, MI | $490,843 | $1,098,533 |