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Nonprofit · EIN 36-4036456

GALENA EDUCATION FOUNDATION

Tax-exempt · GALENA, IL 61036

Financials

$77K$39K2023$86K$83K2024
Revenue Expenses · by fiscal year end
Financials of GALENA EDUCATION FOUNDATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$86,210$83,493$2,717$1,044,524$0$1,044,524
December 31, 2023990$76,912$39,334$37,578$1,041,807$0$1,041,807
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$626
Program service revenue
$0
Investment income
$85,584
Net gain from sales of assets
$29,392
Other revenue
$0

Expenses

Grants and similar amounts paid
$68,091
Compensation of officers, directors and key employees
$0
Salaries, compensation and benefits (total)
$0
Professional fundraising fees
$0
Program services (functional)
$68,091
Management and general (functional)
$15,402

Balance sheet and other

Total assets, start of year
$1,041,807
Total assets, end of year
$1,044,524
Total liabilities, end of year
$0
Net assets, end of year
$1,044,524
Net assets without donor restrictions
$522,024
Net assets with donor restrictions
$522,500
Gross receipts
$430,949
Employees
0
Year formed
1994
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
LISA REDINGTONDirector
Trustee or director
0$0
ANDREW TOWNSENDDirector
Trustee or director
0$0
BARBARA GULLONEDirector
Trustee or director
0$0
FALLON OLDENBURGDirector
Trustee or director
0$0
BETH GULLONEDirector
Trustee or director
0$0
TIFFANY DROESSLERDirector
Trustee or director
0$0
AMANDA HILLARDSecretary
Officer
0$0
KEITH KROPPPresident
Officer
0$0
DAMON HEIMVice President
Officer
0$0
MARK EINSWEILERTreasurer
Officer
0$0
990 for the year ended December 31, 2023: 10 people
NameTitleHours / weekCompensation
LISA REDINGTONDirector
Trustee or director
0$0
CHRISTINE MELAASDirector
Trustee or director
0$0
MARY KOENIGSDirector
Trustee or director
0$0
NATHAN MCCOYDirector
Trustee or director
0$0
BETH GULLONEDirector
Trustee or director
0$0
TIFFANY DROESSLERDirector
Trustee or director
0$0
AMANDA HILLARDSecretary
Officer
0$0
KEITH KROPPPresident
Officer
0$0
DAMON HEIMVice President
Officer
0$0
MARK EINSWEILERTreasurer
Officer
0$0

Address and contacts

Address (IRS master file)
1206 FRANKLIN ST, GALENA, IL 61036-1317
In care of
% PATTI MURPHY
Signed the 990
MARK EINSWEILER, Treasurer
Phone
(815) 777-3086

Mission

To assist in developing and increasing educational opportunites for the citizens of that portion of Jo Daviess County located within Galena Unit District #120 and providing service for students, faculty, and alumni of Galena Unit District #120 by encouraging gifts of money, property, works of art, historical papers and documents, and other material having educational, artistic, scientific and/or historical value and by such other proper means as may be advisable.

990 for the year ended December 31, 2024

Program accomplishments

  • To assist students with continuing their education beyond High School by providing monetary scholarships. 31 scholarships awarded.
    Expenses $41,500
  • Provide the Galena Unit School District #120 with mini-grants that promote excellence in education. 8 mini-grants awarded.
    Expenses $26,591

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
36-4036456
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
1996
Accounting year ends
December
Files
Form 990 or 990-EZ
Category (NTEE)
Unknown (Z99)
Assets (IRS master file)
$1,044,524
Income (IRS master file)
$430,949

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$86,210$83,493$1,044,524IRS
990December 2023$76,912$39,334$1,041,807XML
990December 2022$58,418$51,987$1,004,229IRS
990December 2021–––IRS
990December 2020–––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 36-4036456).

Questions about GALENA EDUCATION FOUNDATION

What is the EIN of GALENA EDUCATION FOUNDATION?
The employer identification number (EIN) of GALENA EDUCATION FOUNDATION is 36-4036456.
Is GALENA EDUCATION FOUNDATION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1996.
Are donations to GALENA EDUCATION FOUNDATION tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does GALENA EDUCATION FOUNDATION 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 EDUCATION 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 GALENA EDUCATION FOUNDATION 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 EDUCATION FOUNDATION?
The 990 for the year ended December 31, 2024 lists 10 people; 0 received compensation from the organization.
How much revenue does GALENA EDUCATION FOUNDATION have?
On its 990 for the year ended December 31, 2024 it reported revenue of $86,210, expenses of $83,493 and total assets of $1,044,524 at year end.

Other nonprofits in GALENA

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