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← MARK STEPHEN GALLO MEMORIAL FUND

Form 990 for tax year 2024

Filed by MARK STEPHEN GALLO MEMORIAL FUND.

Totals

Total revenue
$50,459
Total expenses
$46,241
Contributions and grants received
$26,000
Grants paid
$30,000
Program service revenue
$0
Investment income
$24,459
Other revenue
$0
Total assets, end of year
$714,750
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$714,750
Program services expenses (Part IX)
$30,000
Management and general expenses
$16,241
Fundraising expenses
$0
Program service expenses (Part III)
$30,000

Program services were 64.9% 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.

  • 1f · All other contributions, gifts and grants

    $26,000

  • 3 · Investment income

    total $13,301 · excluded $13,301

  • 7a · Gross sales of assets other than inventory

    securities $128,858

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

    securities $117,700

  • 7c · Gain or loss

    securities $11,158

  • 7d · Net gain or loss

    total $11,158 · excluded $11,158

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $30,000 · program services $30,000

  • 11c · Fees: accounting

    total $7,011 · management and general $7,011

  • 11f · Fees: investment management

    total $8,132 · management and general $8,132

  • 24a · Other expenses: FOREIGN TAX

    total $1,073 · management and general $1,073

  • 24b · Other expenses: LICENSES AND FEES

    total $25 · management and general $25

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $979 · end of year $667

  • 2 · Savings and temporary cash investments

    beginning of year $28,642 · end of year $54,099

  • 11 · Investments: publicly traded securities

    beginning of year $680,911 · end of year $659,984

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 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 $710,532 · end of year $714,750

Mission and programs · 2024

Mission

SUPPORT THE EDUCATIONAL PURPOSE OF THE CENTRAL CATHOLIC HIGH SCHOOL.

  • THE ENTIRE NET INCOME OF THE TRUST IS USED TO SUPPORT THE MAINTENANCE AND OPERATION OF CENTRAL CATHOLIC HIGH SCHOOL.

    Expenses $30,000 · Grants $30,000

As filed on the 2024 return.

Listed in Part VII

  • Bishop Myron Cotta

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.05

  • Frank C Damrell Jr

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.05

  • Robert E Lubeck

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.05

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

  • CENTRAL CATHOLIC HIGH SCHOOL

    $30,000

    GENERAL SUPPORT

Provenance

Return type
form_990
Tax year
2024
Filed
20 February 2026
IRS schema version
2024v5.5
Source object
202630519349300048

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