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Nonprofit · EIN 36-3196642

GALENA FOUNDATION INC

Tax-exempt · GALENA, IL 61036

Financials

$112K$52K2023$365K$112K2024
Revenue Expenses · by fiscal year end
Financials of GALENA FOUNDATION INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$365,197$111,670$253,527$1,455,562$0$1,455,562
December 31, 2023990$112,106$52,438$59,668$1,202,035$0$1,202,035
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$302,331
Program service revenue
$0
Investment income
$62,866
Net gain from sales of assets
$11,148
Other revenue
$0

Expenses

Grants and similar amounts paid
$95,361
Compensation of officers, directors and key employees
$0
Salaries, compensation and benefits (total)
$0
Professional fundraising fees
$0
Occupancy
$1,816
Program services (functional)
$95,361
Management and general (functional)
$16,309

Balance sheet and other

Total assets, start of year
$1,202,035
Total assets, end of year
$1,455,562
Total liabilities, end of year
$0
Net assets, end of year
$1,455,562
Net assets without donor restrictions
$828,560
Net assets with donor restrictions
$627,002
Gross receipts
$448,061
Employees
0
Year formed
1982
State of legal domicile
IL

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 for the year ended December 31, 2024, highest compensation first.

NameTitleHours / weekCompensation
PAULA SCHONHOFFDirector
Trustee or director
0$0
DANIEL KELLEYDirector
Trustee or director
0$0
ERIC EINSWEILERDirector
Trustee or director
0$0
JEAN CARLSONDirector
Trustee or director
0$0
MIKE CASPERDirector
Trustee or director
0$0
ZEKE WINDERSTreasurer
Officer
0$0
RONALD LEINENVice President
Officer
0$0
ANDY WILLISPresident
Officer
0$0
ANGELA BRUUNSecretary
Officer
0$0
990 for the year ended December 31, 2023: 9 people
NameTitleHours / weekCompensation
PAULA SCHONHOFFDirector
Trustee or director
0$0
DANIEL KELLEYDirector
Trustee or director
0$0
MIKE DOYLEDirector
Trustee or director
0$0
KENNETH ROBBDirector
Trustee or director
0$0
JANELLE KEEFFERDirector
Trustee or director
0$0
ZEKE WINDERSTreasurer
Officer
0$0
RONALD LEINENVice President
Officer
0$0
ANDY WILLISPresident
Officer
0$0
KAREN GREINERSecretary
Officer
0$0

Address and contacts

Address (IRS master file)
PO BOX 1, GALENA, IL 61036-0001
Signed the 990
ZEKE WINDERS, Treasurer
Phone
(815) 777-1218
Return prepared by
Mark T Einsweiler CPA

Mission

Preserve/Rehabilitate public assets

990 for the year ended December 31, 2024

Program accomplishments

  • Galena Properties - Restoration
    Expenses $50,000 · grants $50,000
  • Turner Hall - Restoration
    Expenses $41,098 · grants $41,098
  • Schools Historical Preservation Education
    Expenses $4,263 · grants $4,263
  • Grant Park - Restoration & Beautificatio
  • Scholarship - Preservation Award
  • Jo Daviess County - Restoration
  • Galena Public Library - Preservation
  • Civil War Generals Preservation
  • Newspaper Digitization

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
36-3196642
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (170(b)(1)(A)(vi))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
1983
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$1,455,562
Income (IRS master file)
$448,061

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$365,197$111,670$1,455,562XML
990December 2023$112,106$52,438$1,202,035XML
990December 2022$198,564$93,948$1,142,367IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2019–––IRS
990December 2018–––IRS
990December 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 36-3196642).

Questions about GALENA FOUNDATION INC

What is the EIN of GALENA FOUNDATION INC?
The employer identification number (EIN) of GALENA FOUNDATION INC is 36-3196642.
Is GALENA FOUNDATION INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1983.
Are donations to GALENA FOUNDATION INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does GALENA FOUNDATION INC file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of GALENA FOUNDATION INC 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 GALENA FOUNDATION INC last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who are the officers and directors of GALENA FOUNDATION INC?
The 990 for the year ended December 31, 2024 lists 9 people; 0 received compensation from the organization.
How much revenue does GALENA FOUNDATION INC have?
On its 990 for the year ended December 31, 2024 it reported revenue of $365,197, expenses of $111,670 and total assets of $1,455,562 at year end.

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