Edward J Gallager Jr Foundation Inc
- Assets
- $15.0m
- Revenue
- $739.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Durango, CO
- Founding
- 06/1980
- Data as of
- 06/2021
- EIN
- 52-1171984
Organization Overview
Edward J Gallager Jr Foundation Inc is located in Durango, CO. The organization was established in 1980. According to its NTEE Classification (T90) the organization is classified as: Named Trusts N.E.C., 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. Edward J Gallager Jr 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 06/2021, Edward J Gallager Jr Foundation Inc generated $739.0k in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (0.9%) each year. All expenses for the organization totaled $279.7k during the year ending 06/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Edward J Gallager Jr Foundation Inc has awarded 25 individual grants totaling $1,250,895. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE SUPPORT FOR THE FIVE NAMED PUBLIC CHARITIES IN THE LAST WILL AND TESTAMENT OF EDWARD J. GALLAGHER, JUNIOR.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE UNIVERSITY OF ARIZONA FOR THE PURCHASE OF WORTHWHILE INTERNATIONAL PAINTINGS AND WORKS OF SCULPTURE AND OTHER WORKS OF ART, TO PROVIDE FUNDING FOR EDUCATIONAL SPEAKERS IN THE WORLD OF ART, DEFRAY EXPENSES AND PROVIDE NECESSARY EQUIPMENT FOR STUDENTS IN REGARDS TO ARTS AND CRAFTS, PROVIDE FUNDS FOR CHILDRENS DANCE PROGRAM AND FILMS AND EQUIPMENT FOR THE GALLAGHER COLLECTION.
THE JOHNS HOPKINS HOSPITAL FOR THE USE OF SAID HOSPITAL FOR THE CHILDREN'S MEDICAL AND SURGICAL CENTER.
THE METROPOLITAN MUSEUM OF ART FOR THE PURCHASE OF INTERNATIONAL PAINTINGS AND WORKS OF SCULPTURE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steven Stokes Vp/director | OfficerTrustee | 1 | $0 |
David Stokes President/director | OfficerTrustee | 1 | $0 |
Amanda Lounibos Secretary/treasurer/director | OfficerTrustee | 1 | $0 |
Heather Warnack Director | Trustee | 1 | $0 |
Christopher Bedford Director | Trustee | 1 | $0 |
Thomas Trzcinski Director | Trustee | 1 | $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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Investment income | $335,277 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $403,754 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $739,031 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $180,455 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $12,795 |
| Fees for services: Legal | $5,461 |
| Fees for services: Accounting | $1,552 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $74,156 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $5,253 |
| Total functional expenses | $279,672 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $732,736 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $14,296,077 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $15,028,813 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $15,028,813 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $15,028,813 |
Grants Awarded
Over the last fiscal year, Edward J Gallager Jr Foundation Inc has awarded $180,453 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
ARIZONA BOARD OF REGENTS PURPOSE: THE UNIVERSITY OF ARIZONA FOR THE PURCHASE OF WORTHWILE INTERNATIONAL PAINTINGS AND WORKS OF SCULPTURE AND OTHER WORKS OF ART, TO PROVIDE FUNDING FOR EDUCATIONAL SPEAKERS IN THE WORLD OF ART, (CONT.) | $112,784 |
Baltimore, MD PURPOSE: THE JOHNS HOPKINS HOSPITAL FOR THE USE OF SAID HOSPITAL FOR THE CHILDREN'S MEDICAL AND SURGICAL CENTER. | $33,835 |
Baltimore, MD PURPOSE: THE GILMAN SCH TO ACCUMULATE A FUND FOR BLDG PURPOSES, FOR SCHOLARSHIPS OR FOR ITS GENERAL CORP. PURPOSES TO BE EXPENDED ON MAIN.,CARE AND REPLACEMENT OF TREES AND SHRUBBERY ON THE SCH GROUNDS | $11,278 |
New York, NY PURPOSE: THE METROPOLITAN MUSEUM OF ART FOR THE PURCHASE OF INTERNATIONAL PAINTINGS AND WORKS OF SCULPTURE. | $11,278 |
Baltimore, MD PURPOSE: SUPPORT FOR THE BALTIMORE MUSEUM OF ART FOR THE PURCHASE OF WORTHWILE AMERICAN PAINTINGS | $11,278 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
J A & Leta M Chapman Charitable Tr Tulsa, OK | $1,004,993,686 | $116,236,869 |
Suzanne And Walter Scott Foundation Omaha, NE | $379,612,870 | $69,664,147 |
Leta Mcfarlin Chapman Memorial Tr Tulsa, OK | $288,782,253 | $9,376,594 |
J A & Leta M Chapman Tr 10267 Tulsa, OK | $125,788,673 | $4,652,723 |
Georgia A Lynch Trust Phoenix, AZ | $748,550 | $1,825,283 |
Steel & Pipe Supply Company Inc Voluntary Employees Beneficiary Tr Manhattan, KS | $1,575,827 | $5,668,085 |
William H And Carrie Gottsche Foundation Thermopolis, WY | $15,267,869 | $5,413,273 |
Pauline Mcfarlin Walter Memorial Trust 10910 Tulsa, OK | $77,675,534 | $8,407,780 |
Emerald Gate Charitable Trust Jackson, WY | $143,120,759 | $36,236,406 |
James A & Leta M Chapman Testamentary Charitable Tr Tulsa, OK | $63,271,395 | $1,980,658 |
Marvin S Robinson Charitable Tr Manhattan, KS | $11,920,559 | $11,406,956 |
San Antonio Electrical Vacation & Holiday Trust Agreement Albuquerque, NM | $996,599 | $3,364,803 |