The Galesi Family Foundation Inc
- Assets
- $1.3m
- Revenue
- $153.5k
- Investments
- $1.3m
- Employees
- 0
- Location
- Morris Plains, NJ
- Founding
- 06/2002
- Data as of
- 09/2022
- EIN
- 90-0010097
Organization Overview
The Galesi Family Foundation Inc is located in Morris Plains, NJ. The organization was established in 2002. 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. Galesi Family 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 09/2022, Galesi Family Foundation Inc generated $153.5k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 35.5% each year . All expenses for the organization totaled $191.7k during the year ending 09/2022. While expenses have increased by 5.9% per year over the past 7 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 2015, Galesi Family Foundation Inc has awarded 77 individual grants totaling $979,247. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
MARINE RESOURCE COUNCIL - ENHANCE AND MAINTAIN THE QUALITY OF MARINE SYSTEMS FOR THE ECONOMIC AND ENVIRONMENTAL USE OF THE PEOPLE OF FLORIDA.
BLINKNOW FOUNDATION - CHANING THE WORLD BY EMPOWERING NEPAL'S CHILDREN. THEY PROVIDE A SAFE ENVIRONMENT AND EDUCATION.
SEA SHEPHERD CONSERVATION SOCIETY - MARINE WILDLIFE CONSERVATION ORGANIZATION FOCUSED ON ENDING THE DESTRUCTION OF HABITAT AND SLAUGHTER OF WILDLIFE IN THE WORLD'S OCEANS.
COMMUNITY ORGANIZED RELIEF EFFORT - CRISIS RESPONSE ORGANIZATION THAT BRINGS IMMEDIATE AID AND RECOVERY TO UNDERSERVED COMMUNITIES ACROSS THE GLOBE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michelle Galesi Treasurer | 0 | $0 | |
Loren Galesi Director | 0 | $0 | |
Morris J Galesi Director | 0 | $0 | |
Darren Galesi President | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $19,356 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $134,143 |
| Capital Gain Net Income | $134,143 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $153,499 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,592 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $18,568 |
| Total operating and administrative expenses | $30,816 |
| Contributions, gifts, grants paid | $160,847 |
| Total expenses and disbursements | $191,663 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,383 |
| 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 | $1,256,651 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,259,034 |
| 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, The Galesi Family Foundation Inc has awarded $160,847 in support to 11 organizations.
| Grant Recipient | Amount |
|---|---|
MARINE RESOURCES COUNCIL PURPOSE: CHARITABLE DONATION | $40,000 |
BLINKNOW FOUNDATION PURPOSE: CHARITABLE DONATION | $22,047 |
Alexandria, VA PURPOSE: CHARITABLE DONATION | $18,000 |
COMMUNITY ORGANIZED RELIEF EFFORT PURPOSE: CHARITABLE DONATION | $12,500 |
Washington, DC PURPOSE: CHARITABLE DONATION | $12,500 |
MALTESER INTERNATIONAL PURPOSE: CHARITABLE DONATION | $12,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Druckenmiller Foundation New York, NY | $1,579,806,367 | $402,828,458 |
Rockefeller Brothers Fund Inc New York, NY | $1,654,004,790 | $94,665,303 |
Anna Maria And Stephen Kellen Foundation Inc New York, NY | $1,287,407,560 | $57,361,611 |
The Wallace Foundation New York, NY | $1,815,949,042 | $114,535,478 |
Oberkotter Foundation Philadelphia, PA | $83,021,123 | $23,009,013 |
Stephen A Schwarzman Foundation New York, NY | $124,156,635 | $61,557,254 |
Pepsico Foundation Inc Purchase, NY | $25,033,678 | $1,734,936 |
Pnc Foundation Pittsburgh, PA | $218,373,148 | $3,451,991 |
Foundation Mireille And James Levy Usa New York, NY | $36,878,233 | $277,701 |
The Bat Hanadiv Foundation No 3 New York, NY | $1,717,297,999 | $245,079,951 |
Big East Conference Inc New York, NY | $25,429,264 | $59,716,596 |
Bristol-Myers Squibb Foundation Inc New York, NY | $146,629,708 | $46,784 |