Galaria Foundation
- Assets
- $723.2k
- Revenue
- $34.7k
- Investments
- $552.5k
- Employees
- 0
- Location
- Herndon, VA
- Founding
- 05/2019
- Data as of
- 12/2023
- EIN
- 83-1718874
Organization Overview
Galaria Foundation is located in Herndon, VA. The organization was established in 2019. According to its NTEE Classification (B20) the organization is classified as: Elementary & Secondary Schools, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Galaria 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 12/2023, Galaria Foundation generated $34.7k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 0.4% each year. All expenses for the organization totaled $45.4k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Galaria Foundation has awarded 16 individual grants totaling $103,250. 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 |
|---|---|---|---|
Irfan Galaria President | 2 | $0 | |
Ibrahim Galaria Treasurer | 2 | $0 | |
Noreen Galaria Secretary/clerk | 2 | $0 | |
Zarina Galaria Director | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $30,347 |
| Interest on Savings | $1,750 |
| Dividends & Interest | $8,486 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$5,925 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $34,658 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $39 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $5,386 |
| Contributions, gifts, grants paid | $40,000 |
| Total expenses and disbursements | $45,386 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $8,448 |
| Savings and temporary cash investments | $162,345 |
| 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 | $481,427 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $723,245 |
| 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, Galaria Foundation has awarded $76,500 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
ISLAMIC CENTER OF NAPERVILLE (ICN) PURPOSE: GENERAL SUPPORT | $25,000 |
THE LEUKEMIA & LYMPHOMA SOCIETY PURPOSE: GENERAL SUPPORT | $1,500 |
THE CENTER FOR ISLAMIC TEACHINGS & COMMUNITY DEVELOPMENT (CITCO) PURPOSE: GENERAL SUPPORT | $10,000 |
COUNCIL OF ISLAMIC ORGANIZATIONS OF GREATER CHICAGO (ZAKAT CHICAGO) PURPOSE: GENERAL SUPPORT | $10,000 |
ISLAMIC CIRCLE OF NORTH AMERICA (ICNA CHICAGO) PURPOSE: GENERAL SUPPORT | $10,000 |
ISLAMIC RELIEF USA PURPOSE: GENERAL SUPPORT | $10,000 |