Nonprofit · EIN 23-6925368
WILLIAM AND L R GALE COMMUNITY FOUNDATION
Tax-exempt · WELLSBORO, PA 16901
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-PF | $520,488 | $390,995 | $129,493 | $5,569,086 | $605,754 | $4,963,332 |
| December 31, 2023 | 990-PF | $382,874 | $317,062 | $65,812 | $5,304,136 | $470,297 | $4,833,839 |
Financial details: 990-PF for the year ended December 31, 2024
Revenue
- Dividends
- $142,676
- Interest
- $36,676
- Net gain from sales of assets
- $303,098
- Other income
- $38,038
Expenses
- Grants and similar amounts paid
- $350,000
- Compensation of officers, directors and key employees
- $33,895
- Disbursements for charitable purposes
- $362,323
- Excise tax on investment income
- $6,888
Balance sheet and other
- Total assets, start of year
- $5,304,136
- Total assets, end of year
- $5,569,086
- Total liabilities, end of year
- $605,754
- Net assets, end of year
- $4,963,332
- Fair market value of assets
- $6,587,398
- Qualifying distributions
- $362,323
- Net investment income
- $520,488
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990-PF for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| CITIZENS & NORTHERN BANK 90-92 MAIN ST, WELLSBORO, PA 16901 | TRUSTEE | 10 | $33,895 |
| HENRY W LUSH 25 RIVER STREET, GALETON, PA 16922 | ADMIN CMTE | 5 | $0 |
| MICHAEL E CALLAHAN 751 ROUTE 6 WEST, GALETON, PA 16922 | ADMIN CMTE | 5 | $0 |
| DEBORAH J LONG 242 WEST BRANCH ROAD, GALETON, PA 16922 | ADMIN CMTE | 5 | $0 |
990-PF for the year ended December 31, 2023: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| CITIZENS & NORTHERN BANK 90-92 MAIN ST, WELLSBORO, PA 16901 | TRUSTEE | 10 | $32,474 |
| HENRY W LUSH 25 RIVER STREET, GALETON, PA 16922 | ADMIN CMTE | 5 | $0 |
| MICHAEL E CALLAHAN 751 ROUTE 6 WEST, GALETON, PA 16922 | ADMIN CMTE | 5 | $0 |
| DEBORAH J LONG 242 WEST BRANCH ROAD, GALETON, PA 16922 | ADMIN CMTE | 5 | $0 |
Address and contacts
- Address (IRS master file)
- C/O CITIZENS NORTHERN BANK 90-92 MA, WELLSBORO, PA 16901-0000
- In care of
- % CITIZENS & NORTHERN BANK
- Signed the 990-PF
- LYNNE M SMITH, VP & WEALTH MANAGEMENT TAX MANAGER
- Phone
- (570) 724-0243
- Return prepared by
- Citizens & Northern Bank
What it must file and when
IRS records say it files Form 990-PF. Private foundations file every year. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-PF on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-PF on file |
IRS record
- EIN
- 23-6925368
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Private non-operating foundation
- Donations deductible (Pub 78)
- Private foundation, 30% limit
- Exempt since
- 1989
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T22)
- Assets (IRS master file)
- $5,569,086
- Income (IRS master file)
- $1,387,180
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2024 | $520,488 | $390,995 | $5,569,086 | IRS |
| 990-PF | December 2023 | $382,874 | $317,062 | $5,304,136 | XML |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-PF | December 2021 | – | – | – | IRS |
| 990-PF | December 2020 | – | – | – | IRS |
| 990-PF | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 23-6925368).
Questions about WILLIAM AND L R GALE COMMUNITY FOUNDATION
- What is the EIN of WILLIAM AND L R GALE COMMUNITY FOUNDATION?
- The employer identification number (EIN) of WILLIAM AND L R GALE COMMUNITY FOUNDATION is 23-6925368.
- Is WILLIAM AND L R GALE COMMUNITY FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1989.
- Are donations to WILLIAM AND L R GALE COMMUNITY FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does WILLIAM AND L R GALE COMMUNITY FOUNDATION file?
- Form 990-PF. Private foundations file every year.
- When is the next return of WILLIAM AND L R GALE COMMUNITY FOUNDATION due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did WILLIAM AND L R GALE COMMUNITY FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended December 2024.
- Who are the officers and directors of WILLIAM AND L R GALE COMMUNITY FOUNDATION?
- The 990-PF for the year ended December 31, 2024 lists 4 people; 1 received compensation from the organization, the highest $33,895 (CITIZENS & NORTHERN BANK, TRUSTEE).
- How much revenue does WILLIAM AND L R GALE COMMUNITY FOUNDATION have?
- On its 990-PF for the year ended December 31, 2024 it reported revenue of $520,488, expenses of $390,995 and total assets of $5,569,086 at year end.
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