Form 990 for tax year 2023
Filed by JULIO & AILEEN GALLO YOUTH ENDOWMENT.
Totals
- Total revenue
- $71,554
- Total expenses
- $86,256
- Contributions and grants received
- $0
- Grants paid
- $60,000
- Program service revenue
- $0
- Investment income
- $71,554
- Other revenue
- $0
- Total assets, end of year
- $1,731,268
- Total liabilities, end of year
- $0
- Net assets or fund balances, end of year
- $1,731,268
- Program services expenses (Part IX)
- $60,000
- Management and general expenses
- $26,256
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $60,000
Program services were 69.6% 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 $32,111 · excluded $32,111
-
7a · Gross sales of assets other than inventory
securities $322,004
-
7b · Less cost or other basis and sales expenses
securities $282,561
-
7c · Gain or loss
securities $39,443
-
7d · Net gain or loss
total $39,443 · excluded $39,443
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $60,000 · program services $60,000
-
11b · Fees: legal
total $2,789 · management and general $2,789
-
11c · Fees: accounting
total $4,216 · management and general $4,216
-
11f · Fees: investment management
total $17,088 · management and general $17,088
-
24a · Other expenses: FOREIGN TAX PAID
total $2,088 · management and general $2,088
-
24b · Other expenses: LICENSES & FEES
total $75 · management and general $75
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $479 · end of year $2,810
-
2 · Savings and temporary cash investments
beginning of year $27,829 · end of year $34,593
-
11 · Investments: publicly traded securities
beginning of year $1,717,662 · end of year $1,693,865
-
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 $1,745,970 · end of year $1,731,268
Mission and programs · 2023
Mission
SUPPORT OF THE SALVATION ARMY FOR THE SUPPORT OF THE MODESTO RED SHIELD CENTER FOR UNDERPRIVILEGED YOUTH.
Activities or mission (Part I)
SUPPORT FOR THE MODESTO SALVATION ARMY RED SHIELD CENTER FOR UNDERPRIVILEGED YOUTH.
-
THE ENTIRE NET INCOME OF THE TRUST IS PAID TO THE SALVATION ARMY FOR OPERATION OF THE MODESTO RED SHIELD CORPS FOR UNDERPRIVILEGED YOUTHS.
Expenses $60,000 · Grants $60,000
As filed on the 2023 return.
Listed in Part VII
-
Thomas J GalloTHOMAS J GALLO
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0
-
Frank Damrell JrFRANK DAMRELL JR
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0
-
Kelly K PontslerKELLY K PONTSLER
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0
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
-
GENERAL SUPPORT
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 21 February 2025
- IRS schema version
- 2023v6.0
- Source object
- 202540559349301119
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