The Galleon Foundation Inc

Overview

The Galleon Foundation Inc. is a nonprofit organization headquartered in [undisclosed location]. It is categorized under educational institutions and related activities, with a focus on scholarships and student financial aid services.

Mission

The foundation's core mission is to provide assistance to financially disadvantaged children at specific schools through scholarships. This aligns with its classification as a grantmaking and giving services organization.

Financial Status

As of the fiscal year ending in 2021, the foundation reported a total revenue of approximately $9,436, entirely from contributions. It had no income from program services, investments, fundraising, or other sources. The total assets were valued at $3,352, with no liabilities recorded for that year[1].

In previous years, such as 2018, contributions made up about 76.1% of the revenue, with the balance coming from fundraising activities. Total assets in 2018 were significantly higher at $39,887, though liabilities were substantial at $34,059[1].

Leadership

Key figures in the organization include Lindell Douglas, who serves as President. There was no reported compensation for this role in recent years[1].

Publicly Available Information

The Galleon Foundation Inc. is registered with relevant tax authorities and files necessary financial reports annually, including the Form 990-EZ for smaller nonprofits[1][5].

Tax Status

Donations to The Galleon Foundation Inc. are tax-deductible, reflecting its status as a recognized charitable organization[1].

[1] https://projects.propublica.org/nonprofits/organizations/274702704 [2] https://www.charitynavigator.org/ein/274702704 [3] https://www.dnb.com/business-directory/company-profiles.the_galleon_foundation_inc.0f7885bb379eea56410d2222fd89ce90.html [4] https://rocketreach.co/the-galleon-foundation-inc-profile_b7fb7f91c25341f4 [5] https://www.guidestar.org/profile/27-4702704