Gary O Galiher Foundation Inc
- Assets
- $9.2m
- Revenue
- $1.1m
- Investments
- $9.1m
- Employees
- 0
- Location
- Honolulu, HI
- Founding
- 11/2016
- Data as of
- 12/2022
- EIN
- 81-0898248
Organization Overview
Gary O Galiher Foundation Inc is located in Honolulu, HI. The organization was established in 2016. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Gary O Galiher 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, Gary O Galiher Foundation Inc generated $1.1m in total revenue. All expenses for the organization totaled $660.5k during the year ending 12/2022. While expenses have increased by 116.6% per year over the past 6 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 2019, Gary O Galiher Foundation Inc has awarded 23 individual grants totaling $2,160,062. 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 |
|---|---|---|---|
Linda Monica President | 5 | $10,890 | |
Willis Choy Vice President | 5 | $8,925 | |
Debra Sakata Secretary/ Treasurer | 5 | $4,500 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $900,000 |
| Interest on Savings | $28,258 |
| Dividends & Interest | $128,610 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $8,565 |
| Capital Gain Net Income | $8,565 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $6,234 |
| Total Revenue | $1,071,667 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $24,315 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $3,811 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $14,419 |
| Total operating and administrative expenses | $121,504 |
| Contributions, gifts, grants paid | $539,009 |
| Total expenses and disbursements | $660,513 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $104,237 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| 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 | $9,099,834 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $9,204,071 |
| 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 | $3,793 |
| Total liabilities | $3,793 |
Grants Awarded
Over the last fiscal year, Gary O Galiher Foundation Inc has awarded $539,009 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
HUTT- UMASS GRANT PURPOSE: TO CONTRUBUTE CASH TO THE SUPPORT OF THE ORGANIZATION. | $251,994 |
KILOHANA SURF PROGRAM PURPOSE: TO CONTRUBUTE CASH TO THE SUPPORT OF THE ORGANIZATION. | $7,000 |
MEHARRY MEDICAL COLLEGE PURPOSE: TO CONTRUBUTE CASH TO THE SUPPORT OF THE ORGANIZATION. | $200,000 |
SCHEDULE K-1 SIGNATUREFD PRIVATE EQUITY FUND - CHARITABLE CONTRIBUTIONS PURPOSE: CONTRIBUTIONS MADE FROM PASSTHROUGH. TO CONTRUBUTE CASH TO THE SUPPORT OF THE ORGANIZATION. | $39 |
MOLOKAI HIGH SCHOOL ROBOTICS PURPOSE: TO CONTRUBUTE CASH TO THE SUPPORT OF THE ORGANIZATION. | $9,476 |
MOLOKAI ISLAND FOUNDATION PURPOSE: TO CONTRUBUTE CASH TO THE SUPPORT OF THE ORGANIZATION. | $1,000 |