Galena-Yorktown Foundation
- Assets
- $41.9m
- Revenue
- $1.2m
- Investments
- $15.2m
- Employees
- 0
- Location
- Washington, DC
- Founding
- 02/2009
- Data as of
- 12/2022
- EIN
- 61-6356354
Organization Overview
Galena-Yorktown Foundation is located in Washington, DC. The organization was established in 2009. According to its NTEE Classification (T22) the organization is classified as: Private Independent Foundations, 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. Galena-Yorktown Foundation 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, Galena-Yorktown Foundation generated $1.2m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (12.9%) each year. All expenses for the organization totaled $2.8m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Galena-Yorktown Foundation has awarded 500 individual grants totaling $13,660,826. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ronald D Abramson Trustee-Part | 2 | $0 | |
Anne E Abramson Trustee-Part | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $1,601 |
| Dividends & Interest | $895,464 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $224,016 |
| Capital Gain Net Income | $224,016 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $50,465 |
| Total Revenue | $1,171,546 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $55,591 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $49,219 |
| Total operating and administrative expenses | $104,810 |
| Contributions, gifts, grants paid | $2,711,865 |
| Total expenses and disbursements | $2,816,675 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $102,780 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $26,646,247 |
| 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 | $4,296,216 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $41,936,187 |
| 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 | $939,504 |
| Total liabilities | $939,504 |
Grants Awarded
Over the last fiscal year, Galena-Yorktown Foundation has awarded $2,711,865 in support to 96 organizations.
| Grant Recipient | Amount |
|---|---|
ACTBLUE CHARITIES INC PURPOSE: UNRESTRICTED FUNDS | $5,000 |
NATIONAL BRAIN TUMOR SOCIETY PURPOSE: UNRESTRICTED FUNDS | $2,000 |
GROWTORAH INC PURPOSE: UNRESTRICTED FUNDS | $500 |
RETT SYNDROME RESEARCH TRUST PURPOSE: UNRESTRICTED FUNDS | $2,500 |
FRACTURED ATLAS PURPOSE: UNRESTRICTED FUNDS | $3,000 |
NEW YORK UNIVERSITY PURPOSE: UNRESTRICTED FUNDS | $55,000 |