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Nonprofiteer
← MARION J GALLAGHER FOUNDATION INC

Form 990 for tax year 2023

Filed by MARION J GALLAGHER FOUNDATION INC.

Totals

Total revenue
$62,349
Total expenses
$725,578
Contributions and grants received
$0
Grants paid
$657,872
Program service revenue
$0
Investment income
$62,282
Other revenue
$67
Total assets, end of year
$10,435,596
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$10,435,596
Program services expenses (Part IX)
$657,872
Management and general expenses
$67,706
Fundraising expenses
$0
Program service expenses (Part III)
$657,872

Program services were 90.7% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 3 · Investment income

    total $295,095 · excluded $295,095

  • 7a · Gross sales of assets other than inventory

    securities $1,009,049

  • 7b · Less cost or other basis and sales expenses

    securities $1,241,862

  • 7c · Gain or loss

    securities -$232,813

  • 7d · Net gain or loss

    total -$232,813 · excluded -$232,813

  • 11a · Other revenue: CLASS ACTION PROCEEDS

    total $67 · excluded $67

  • 11e · Other revenue, total

    $67

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $657,872 · program services $657,872

  • 11b · Fees: legal

    total $432 · management and general $432

  • 11c · Fees: accounting

    total $4,700 · management and general $4,700

  • 11f · Fees: investment management

    total $62,574 · management and general $62,574

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $286,010 · end of year $193,641

  • 11 · Investments: publicly traded securities

    beginning of year $10,812,815 · end of year $10,241,955

  • 29 · Capital stock, trust principal or current funds

    beginning of year $11,098,825 · end of year $10,435,596

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $0 · end of year $0

Mission and programs · 2023

Mission

TO PROVIDE FINANCIAL ASSISTANCE TO THE JOHNS HOPKINS HOSPITAL AND THE CHILDREN'S MEDICAL AND SURGICAL CENTER (A BRANCH OF THE JHH)

  • TO PROVIDE FINANCIAL ASSISTANCE TO THE JOHNS HOPKINS HOSPITAL AT BAYVIEW

    Expenses $657,872 · Grants $657,872

As filed on the 2023 return.

Listed in Part VII

  • David Stokes

    PRESIDENT / CHAIRMAN

    Total calculated
    $0
    Hours/week
    1

  • Steven Stokes

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Amanda Lounibos

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Greg Miller

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2023
Filed
18 August 2024
IRS schema version
2023v5.1
Source object
202432539349301418

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