Nonprofit · EIN 45-4110216
CIVIC INITIATIVES FOUNDATION
Tax-exempt · NEW YORK, NY 10018
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-PF | $4,565,758 | $4,957,306 | -$391,548 | $63,474,648 | $7,280,642 | $56,194,006 |
| December 31, 2023 | 990-PF | $16,310,605 | $2,834,975 | $13,475,630 | $66,822,022 | $10,107,975 | $56,714,047 |
Financial details: 990-PF for the year ended December 31, 2024
Revenue
- Interest
- $69,553
- Net rental income
- -$2,707,144
- Net gain from sales of assets
- $2,483,644
- Other income
- $5,492
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $0
- Salaries, compensation and benefits (total)
- $372,858
- Disbursements for charitable purposes
- $1,416,026
Balance sheet and other
- Total assets, start of year
- $66,822,022
- Total assets, end of year
- $63,474,648
- Total liabilities, end of year
- $7,280,642
- Net assets, end of year
- $56,194,006
- Fair market value of assets
- $544,766
- Qualifying distributions
- $1,416,026
- Net investment income
- $2,076,622
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 |
|---|---|---|---|
| T ERIC GALLOWAY 49 W 39TH ST 14 FLOOR, NEW YORK, NY 10018 | PRESIDENT | 0 | $0 |
| RAFAL MARKWAT 42 W 39TH STREET, NEW YORK, NY 10018 | SECRETARY | 0 | $0 |
990-PF for the year ended December 31, 2023: 1 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| T ERIC GALLOWAY 49 W 39TH ST 14 FLOOR, NEW YORK, NY 10018 | PRESIDENT | 0 | $0 |
Address and contacts
- Address (IRS master file)
- 42 W 39TH ST FL 14, NEW YORK, NY 10018-2082
- In care of
- % T ERIC GALLOWAY
- Signed the 990-PF
- ERIC GALLOWAY, PRESIDENT
- Phone
- (212) 292-8400
- Website
- WWW.GALVANFOUNDATION.ORG
- Return prepared by
- GELTRUDE & CO LLC
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
- 45-4110216
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Private operating foundation
- Donations deductible (Pub 78)
- Private operating foundation, 50% limit
- Exempt since
- 2012
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Arts, culture and humanities (A82)
- Assets (IRS master file)
- $63,474,648
- Income (IRS master file)
- $8,541,114
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2024 | $4,565,758 | $4,957,306 | $63,474,648 | XML |
| 990-PF | December 2023 | $16,310,605 | $2,834,975 | $66,822,022 | XML |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-PF | December 2021 | – | – | – | IRS |
| 990-PF | December 2017 | – | – | – | 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 45-4110216).
Questions about CIVIC INITIATIVES FOUNDATION
- What is the EIN of CIVIC INITIATIVES FOUNDATION?
- The employer identification number (EIN) of CIVIC INITIATIVES FOUNDATION is 45-4110216.
- Is CIVIC INITIATIVES FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2012.
- Are donations to CIVIC INITIATIVES FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private operating foundation, 50% limit).
- Which annual return does CIVIC INITIATIVES FOUNDATION file?
- Form 990-PF. Private foundations file every year.
- When is the next return of CIVIC INITIATIVES 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 CIVIC INITIATIVES 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 CIVIC INITIATIVES FOUNDATION?
- The 990-PF for the year ended December 31, 2024 lists 2 people; 0 received compensation from the organization.
- How much revenue does CIVIC INITIATIVES FOUNDATION have?
- On its 990-PF for the year ended December 31, 2024 it reported revenue of $4,565,758, expenses of $4,957,306 and total assets of $63,474,648 at year end.
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