Galilee Majestic Arms Incorporated

Organization Overview

Galilee Majestic Arms Incorporated is located in Shreveport, LA. The organization was established in 1987. According to its NTEE Classification (T99) the organization is classified as: Philanthropy, Voluntarism & Grantmaking Foundations 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. Galilee Majestic Arms Incorporated 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, Galilee Majestic Arms Incorporated generated $7.4m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 38.1% each year . All expenses for the organization totaled $281.2k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

PROVIDING ADEQUATE HOUSING UNDER TITLE IV TO ELDERLY AND/OR DISABLED PERSONS UNDER SECTION 8 AGREEMENTS WITH THE U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT

Describe the Organization's Program Activity:

Part 3 - Line 4a

PROVIDING ADEQUATE HOUSING UNDER TITLE IV TO ELDERLY AND/OR DISABLED PERSONS UNDER SECTION 8 AGREEMENTS WITH THE U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT.


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Board, Officers & Key Employees

Name (title)Compensation
Freddie Russell
Director
$0
Clarence Pearson
Director
$0
Percy Carey
Director
$0
Carl Matthews
Director
$0
Arthur L Lovett
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$2,811,254
Noncash contributions included in lines 1a–1f $2,811,254
Total Revenue from Contributions, Gifts, Grants & Similar$2,811,254
Total Program Service Revenue$360,072
Investment income $87
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $4,198,376
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $7,370,807

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