Gali Foundation
- Assets
- $1.4m
- Revenue
- $1.0m
- Investments
- $989.8k
- Employees
- 0
- Location
- South Portland, ME
- Founding
- Data as of
- 12/2022
- EIN
- 87-4117194
Organization Overview
Gali Foundation is located in South Portland, ME. 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. Gali 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, Gali Foundation generated $1.0m in total revenue. This organization has experienced exceptional growth, as over the past 2 years, it has increased revenue by an average of 42.8% each year .
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bhujanga Rao Gali President | 0.1 | $0 | |
Suresh Gali Secretary | 0.1 | $0 | |
Surekha Kaza Treasurer | 0.1 | $0 | |
Lakshmi Gali Trustee | 0.1 | $0 | |
Pallavi Gali Trustee | 0.1 | $0 | |
Maanasa Gali Trustee | 0.1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,010,000 |
| Interest on Savings | $45 |
| Dividends & Interest | $7,435 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $2,612 |
| Capital Gain Net Income | $2,612 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,020,092 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $12,414 |
| Contributions, gifts, grants paid | $60,000 |
| Total expenses and disbursements | $72,414 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $403,508 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,393,313 |
| 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 |