Nonprofit · EIN 91-1728733
RICHARD AND BARRIE GALANTI FOUNDATION
Tax-exempt · SEATTLE, WA 98109
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-PF | $651,594 | $289,272 | $362,322 | $101,847 | $1,814 | $100,033 |
| December 31, 2023 | 990-PF | $339,351 | $225,408 | $113,943 | $44,553 | $0 | $44,553 |
Financial details: 990-PF for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $344,842
- Dividends
- $1,773
- Net gain from sales of assets
- $304,979
Expenses
- Grants and similar amounts paid
- $275,000
- Compensation of officers, directors and key employees
- $0
- Disbursements for charitable purposes
- $283,000
- Excise tax on investment income
- $4,236
Balance sheet and other
- Total assets, start of year
- $44,553
- Total assets, end of year
- $101,847
- Total liabilities, end of year
- $1,814
- Net assets, end of year
- $100,033
- Fair market value of assets
- $101,847
- Qualifying distributions
- $283,000
- Net investment income
- $306,752
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 GALANTI 24 Roy St 454, SEATTLE, WA 98109 | PRESIDENT/TREASURER/DIRECTOR | 2 | $0 |
| BARRIE GALANTI 24 Roy St 454, SEATTLE, WA 98109 | VICE PRESIDENT/DIRECTOR | 2 | $0 |
| DANIEL M ASHER 24 Roy St 454, SEATTLE, WA 98109 | SECRETARY - until sept. 2024 | 2 | $0 |
990-PF for the year ended December 31, 2023: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| RICHARD GALANTI 1000 SECOND AVENUE 34TH FLOOR, SEATTLE, WA 98104 | PRESIDENT/TREASURER/DIRECTOR | 2 | $0 |
| BARRIE GALANTI 1000 SECOND AVENUE 34TH FLOOR, SEATTLE, WA 98104 | VICE PRESIDENT/DIRECTOR | 2 | $0 |
| DANIEL M ASHER 1000 SECOND AVENUE 34TH FLOOR, SEATTLE, WA 98104 | SECRETARY | 2 | $0 |
Address and contacts
- Address (IRS master file)
- 24 ROY ST 454, SEATTLE, WA 98109-4018
- In care of
- % PMNW LLC
- Signed the 990-PF
- RICHARD GALANTI, PRESIDENT
- Phone
- (206) 667-0300
- Return prepared by
- PHILANTHROPY MANAGEMENT NORTHWEST
What it must file and when
IRS records say it files Not required. 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
- 91-1728733
- 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
- 1997
- Accounting year ends
- December
- Files
- Not required
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T70Z)
- Assets (IRS master file)
- $101,847
- Income (IRS master file)
- $689,594
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2024 | $651,594 | $289,272 | $101,847 | XML |
| 990-PF | December 2023 | $339,351 | $225,408 | $44,553 | XML |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-PF | December 2021 | – | – | – | IRS |
| 990-PF | 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 91-1728733).
Questions about RICHARD AND BARRIE GALANTI FOUNDATION
- What is the EIN of RICHARD AND BARRIE GALANTI FOUNDATION?
- The employer identification number (EIN) of RICHARD AND BARRIE GALANTI FOUNDATION is 91-1728733.
- Is RICHARD AND BARRIE GALANTI FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1997.
- Are donations to RICHARD AND BARRIE GALANTI FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does RICHARD AND BARRIE GALANTI FOUNDATION file?
- Form Not required.
- When is the next return of RICHARD AND BARRIE GALANTI 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 RICHARD AND BARRIE GALANTI 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 RICHARD AND BARRIE GALANTI FOUNDATION?
- The 990-PF for the year ended December 31, 2024 lists 3 people; 0 received compensation from the organization.
- How much revenue does RICHARD AND BARRIE GALANTI FOUNDATION have?
- On its 990-PF for the year ended December 31, 2024 it reported revenue of $651,594, expenses of $289,272 and total assets of $101,847 at year end.
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