The Galesi Family Foundation Inc
- Assets
- $1.2m
- Revenue
- $59.7k
- Investments
- $1.1m
- Employees
- 0
- Location
- Morris Plains, NJ
- Founding
- 06/2002
- Data as of
- 09/2023
- 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 09/2023, Galesi Family Foundation Inc generated $59.7k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 15.9% each year . All expenses for the organization totaled $128.0k during the year ending 09/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Galesi Family Foundation Inc has awarded 66 individual grants totaling $983,767. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
BLINKNOW FOUNDATION - CHANGING THE WORLD BY EMPOWERING NEPAL'S CHILDREN. THEY PROVIDE A SAFE ENVIRONMENT AND EDUCATION.
CLUB ESTEEM - INSPIRING CHILDREN IN UNDER-RESOURCED COMMUNITIES TO ACHIEVE ACADEMIC AND PERSONAL EXCELLENCE THROUGH TUTORING, MENTORING, AND ENRICHMENT PROGRAMS
EARTH LEAGUE INTL - PROTECTING WILDLIFE, OCEANS, AND FORESTS THROUGH INTELLIGENCE-GATHERING, RESEARCH AND INVESTIGATIVE OPERATIONS, IN COOPERATION WITH GOVERNMENTAL AGENCIES
WOODLAND WILDLIFE REFUGE - CARING AND RELEASING OF ORPHANED AND INJURED NATIVE WILDLIFE BACK TO THEIR NATURAL HABITAT, AS WELL AS PROVIDING EDUCATIONAL PROGRAMS ABOUT THE HABITS AND HABITATS OF THE LOCAL WILDLIFE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Loren Galesi Director | 0 | $0 | |
Michelle Galesi Treasurer | 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 | $19,861 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $39,791 |
| Capital Gain Net Income | $39,791 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $59,652 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $205 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $17,752 |
| Total operating and administrative expenses | $26,823 |
| Contributions, gifts, grants paid | $101,220 |
| Total expenses and disbursements | $128,043 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $62,946 |
| 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 | $1,127,631 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,190,577 |
| 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 $101,220 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
BLINKNOW FOUNDATION PURPOSE: CHARITABLE DONATION | $53,220 |
WOODLANDS WILDLIFE REFUGE PURPOSE: CHARITABLE DONATION | $10,000 |
CLUB ESTEEM PURPOSE: CHARITABLE DONATION | $20,000 |
EARTH LEAGUE INTL PURPOSE: CHARITABLE DONATION | $18,000 |