Nonprofit · EIN 81-6965769
GALGANO FAMILY FOUNDATION
Also known as RICHARD G GALGANO TTEE
Tax-exempt · NAPERVILLE, IL 60540
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-PF | $411,281 | $62,276 | $349,005 | $1,724,844 | $93,543 | $1,631,301 |
| December 31, 2023 | 990-PF | -$120,855 | $114,730 | -$235,585 | $1,359,739 | $77,443 | $1,282,296 |
Financial details: 990-PF for the year ended December 31, 2024
Revenue
- Dividends
- $11,309
- Interest
- $46,402
- Net gain from sales of assets
- $40,160
- Other income
- $313,410
Expenses
- Grants and similar amounts paid
- $55,000
- Disbursements for charitable purposes
- $55,000
- Excise tax on investment income
- $1,259
Balance sheet and other
- Total assets, start of year
- $1,359,739
- Total assets, end of year
- $1,724,844
- Total liabilities, end of year
- $93,543
- Net assets, end of year
- $1,631,301
- Fair market value of assets
- $1,724,844
- Qualifying distributions
- $55,000
- Net investment income
- $97,871
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 |
|---|---|---|---|
| RICHARD G GALGANO 24W100 DONWOOD DR, NAPERVILLE, IL 60540 | TRUSTEE | 0 | $0 |
990-PF for the year ended December 31, 2023: 1 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| RICHARD G GALGANO 24W100 DONWOOD DR, NAPERVILLE, IL 60540 | TRUSTEE | 0 | $0 |
Address and contacts
- Address (IRS master file)
- 24W100 DONWOOD DR N, NAPERVILLE, IL 60540-9529
- Signed the 990-PF
- RICHARD G GALGANO, TRUSTEE
- Phone
- (630) 968-8897
- Return prepared by
- HANSEN PLAHM & COMPANY
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
- 81-6965769
- 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
- 2019
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T90)
- Assets (IRS master file)
- $1,724,844
- Income (IRS master file)
- $938,783
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2024 | $411,281 | $62,276 | $1,724,844 | XML |
| 990-T | December 2024 | – | – | – | IRS |
| 990-PF | December 2023 | -$120,855 | $114,730 | $1,359,739 | XML |
| 990-T | December 2023 | – | – | – | IRS |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-T | December 2022 | – | – | – | IRS |
| 990-PF | December 2021 | – | – | – | IRS |
| 990-T | December 2021 | – | – | – | IRS |
| 990-PF | December 2020 | – | – | – | IRS |
| 990-T | December 2020 | – | – | – | 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 81-6965769).
Questions about GALGANO FAMILY FOUNDATION
- What is the EIN of GALGANO FAMILY FOUNDATION?
- The employer identification number (EIN) of GALGANO FAMILY FOUNDATION is 81-6965769.
- Is GALGANO FAMILY FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2019.
- Are donations to GALGANO FAMILY FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does GALGANO FAMILY FOUNDATION file?
- Form 990-PF. Private foundations file every year.
- When is the next return of GALGANO FAMILY 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 GALGANO FAMILY 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 GALGANO FAMILY FOUNDATION?
- The 990-PF for the year ended December 31, 2024 lists 1 person; 0 received compensation from the organization.
- How much revenue does GALGANO FAMILY FOUNDATION have?
- On its 990-PF for the year ended December 31, 2024 it reported revenue of $411,281, expenses of $62,276 and total assets of $1,724,844 at year end.
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