Richard And Barrie Galanti Foundation
- Assets
- $88.2k
- Revenue
- $380.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Seattle, WA
- Founding
- 05/1997
- Data as of
- 12/2022
- EIN
- 91-1728733
Organization Overview
Richard And Barrie Galanti Foundation is located in Seattle, WA. The organization was established in 1997. According to its NTEE Classification (T70) the organization is classified as: Federated Giving Programs, 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. Richard And Barrie Galanti 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, Richard And Barrie Galanti Foundation generated $380.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (13.2%) each year. All expenses for the organization totaled $249.5k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (4.9%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Richard And Barrie Galanti Foundation has awarded 14 individual grants totaling $1,435,000. 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 |
|---|---|---|---|
Richard Galanti President/treasurer/director | 2 | $0 | |
Barrie Galanti Vice President/director | 2 | $0 | |
Daniel M Asher Secretary | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $201,758 |
| Interest on Savings | $467 |
| Dividends & Interest | $360 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $178,138 |
| Capital Gain Net Income | $178,138 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $380,723 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,460 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $20 |
| Total operating and administrative expenses | $12,480 |
| Contributions, gifts, grants paid | $237,000 |
| Total expenses and disbursements | $249,480 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $858 |
| Savings and temporary cash investments | $87,353 |
| 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 | $88,211 |
| 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 | $300 |
| Total liabilities | $300 |
Grants Awarded
Over the last fiscal year, Richard And Barrie Galanti Foundation has awarded $237,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Seattle, WA PURPOSE: TO PROVIDE SUPPORT TO EXEMPT ORGANIZATION | $225,000 |
Seattle, WA PURPOSE: TO PROVIDE SUPPORT TO EXEMPT ORGANIZATION | $12,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
United Way Of Anchorage Anchorage, AK | $17,416,748 | $50,535,615 |
United Way Of The Columbia- Willamette Portland, OR | $45,244,176 | $37,813,880 |
Jewish Federation Of Greater Seattle Seattle, WA | $93,924,162 | $8,143,793 |
United Way Of Lane County Springfield, OR | $6,356,824 | $7,869,717 |
United Way Of Pierce County Tacoma, WA | $15,711,259 | $8,056,312 |
United Way Of The Mid-Willamette Valley Salem, OR | $5,554,350 | $5,986,237 |
Auburn Food Bank Auburn, WA | $1,209,621 | $5,152,284 |
United Way Of Jackson County Inc Medford, OR | $3,272,249 | $6,599,632 |
Jewish Federation Of Greater Portland Tigard, OR | $7,686,784 | $3,991,111 |
United Way Of Treasure Valley Inc Boise, ID | $5,526,975 | $4,448,551 |
United Way Of Snohomish County Everett, WA | $7,341,507 | $2,615,993 |
United Way Of Thurston County Olympia, WA | $1,540,765 | $3,915,686 |