Galaria Foundation
- Assets
- $734.0k
- Revenue
- $384.9k
- Investments
- $32.3k
- Employees
- 0
- Location
- Aurora, IL
- Founding
- 05/2019
- Data as of
- 12/2022
- EIN
- 83-1718874
Organization Overview
Galaria Foundation is located in Aurora, IL. 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 12/2022, Galaria Foundation generated $384.9k in total revenue. All expenses for the organization totaled $76.5k during the year ending 12/2022. While expenses have increased by 57.5% per year over the past 4 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 2020, Galaria Foundation has awarded 19 individual grants totaling $109,950. 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 | $383,490 |
| Interest on Savings | $638 |
| Dividends & Interest | $523 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $255 |
| Capital Gain Net Income | $255 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $384,906 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $7 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $7 |
| Contributions, gifts, grants paid | $76,500 |
| Total expenses and disbursements | $76,507 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $8,468 |
| Savings and temporary cash investments | $693,233 |
| 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 | $23,497 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $733,973 |
| 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 CENTER FOR ISLAMIC TEACHINGS & COMMUNITY DEVELOPMENT (CITCO) PURPOSE: GENERAL SUPPORT | $10,000 |
ISLAMIC CIRCLE OF NORTH AMERICA (ICNA CHICAGO) PURPOSE: GENERAL SUPPORT | $10,000 |
Southfield, MI PURPOSE: GENERAL SUPPORT | $10,000 |
Chicago, IL PURPOSE: GENERAL SUPPORT | $10,000 |
Alexandria, VA PURPOSE: GENERAL SUPPORT | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
American Academy Of Periodontology Chicago, IL | $22,143,613 | $10,653,042 |
Tri-County Child And Family Development Council Inc Waterloo, IA | $2,164,616 | $9,342,746 |
Irvington Community School Inc Indianapolis, IN | $11,536,265 | $10,230,749 |
Urban Prep Academies Chicago, IL | $1,211,865 | $11,715,247 |
Christian Academy Of Indiana Inc Louisville, KY | $12,007,118 | $10,041,180 |
Evansville Christian School Inc Evansville, IN | $23,040,172 | $14,170,255 |
St Louis Language Immersion Schools Inc St Louis, MO | $5,780,946 | $7,344,895 |
Crown Point Christian School Association Inc St John, IN | $17,763,143 | $11,392,126 |
Oak Farm School Inc Avilla, IN | $30,325,105 | $11,726,261 |
University Lake School Inc Hartland, WI | $13,151,982 | $7,209,349 |
Alain Locke Charter School Chicago, IL | $5,862,579 | $7,260,033 |
Chicago Virtual Charter School Chicago, IL | $3,313,930 | $7,688,889 |