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Illinois · Nonprofit

GALENA EDUCATION FOUNDATION

GALENA EDUCATION FOUNDATION (Illinois) receives grants from 1 organization whose IRS filings report $300 to it, the largest being The Bank of America Charitable Foundation Inc ($300). 0 of them have funded it in more than one year.

Revenue FY2024
$86k
Funders on record
1
Grants received
$300
Net assets
$1.0M
0/1 repeat funderspeak grant-dependency 0%
01What it does

What Galena Education Foundation does

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.

As stated on its FY2024 Form 990.

Programs

  1. To assist students with continuing their education beyond High School by providing monetary scholarships. 31 scholarships awarded.

    $41,500 spent
    61% of program spending
  2. Provide the Galena Unit School District #120 with mini-grants that promote excellence in education. 8 mini-grants awarded.

    $26,591 spent
    39% of program spending

The 2 programs described on its FY2024 Form 990, listed largest first by expense. Program spending in total: $68,091.

02The organization over time

The organization over time

Each line starts at 100 in 2017, so what you read is the shape rather than the size: 150 means half as much again as 2017, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.

100 = 20172017 Revenue 100 ($82k) Expenses 100 ($41k) Net assets 100 ($860k)2018 Revenue 130 ($107k) Expenses 111 ($45k) Net assets 107 ($921k)2019 Revenue 89 ($73k) Expenses 354 ($145k) Net assets 99 ($848k)2020 Revenue 52 ($43k) Expenses 102 ($42k) Net assets 99 ($849k)2021 Revenue 246 ($201k) Expenses 129 ($53k) Net assets 116 ($998k)2022 Revenue 71 ($58k) Expenses 127 ($52k) Net assets 117 ($1.0M)2023 Revenue 94 ($77k) Expenses 96 ($39k) Net assets 121 ($1.0M)2024 Revenue 105 ($86k) Expenses 204 ($83k) Net assets 122 ($1.0M)
'17'18'19'20'21'22'23'24
Revenue (105)Expenses (204)Net assets (122)Peer revenue range

Balance sheet

Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2020 to 2021, from $849k to $998k (+18%).

$860k
$921k
$848k
$849k
$998k
$1.0M
$1.0M
$1.0M
'17'18'19'20'21'22'23'24
Total assetsTotal liabilities

How it's funded, over time

Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.

2017
2018
2019
2020
2021
2022
2023
2024
ContributionsProgram revenueInvestmentOther

1% of GALENA EDUCATION FOUNDATION’s revenue is contributions — more earned-revenue than three-quarters of its peers (87% for the typical peer).

This organization
Typical peer · 1,273 orgs

Surplus & reserves

Operating surplus or deficit each year, and months of liquidity in hand. 1 of the last 8 reported years ran a deficit.

$41k
’17
$61k
’18
−$72k
’19
$672
’20
$149k
’21
$6k
’22
$38k
’23
$3k
’24
150
months of
reserve

Leadership and staff

The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.

'17'18'19'20'21'22'23'24
Listed1010111010101010
Joined·+3+3+1+0+0+0+3
No longer listed·3220003
03Who funds it

Who funds it, year by year

Grant support over time, funder by funder — shade shows the grant size each year.

From the IRS filings of GALENA EDUCATION FOUNDATION’s funders (the co-funder graph). Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

Where its funders are

GALENA EDUCATION FOUNDATION draws 100% of its grant income from funders outside Illinois, across 1 state in all.

NC

Funder states come from each funder’s own filing. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

04Its place in the field

Against its field

GALENA EDUCATION FOUNDATION holds deeper cash reserves than three-quarters of the 1,043 unclassified nonprofits its size.

Operating margin3% · above the median
Months of reserve150.1mo · top quartile
Revenue growth (annualized)1% · above the median

this organization peer median middle 50% of peers· 1,043 unclassified nonprofits under $100k, FY2024

Organizations like GALENA EDUCATION FOUNDATION

Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.

In Illinois

Nationally

05Profile & governance

Read directly from this organization’s own Form 990, as neutral context.

Where the money goes

82% of spending goes to programs.

Program 82%Management 18%Fundraising 0%

Governance

10
board members
0%
independent
✓Conflict-of-interest policy–Whistleblower policy✓Document retention✓Board reviewed the 990–Audited financials

Public support

15%

Share of support from the public (Schedule A) — the basis for its public-charity status.

Screen this organization

A dated, signed PDF of the compliance screen for GALENA EDUCATION FOUNDATION: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.

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Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf

Questions and answers

Who funds GALENA EDUCATION FOUNDATION?
GALENA EDUCATION FOUNDATION (Illinois) receives grants from 1 organization whose IRS filings report $300 to it, the largest being The Bank of America Charitable Foundation Inc ($300). 0 of them have funded it in more than one year.
How many funders does GALENA EDUCATION FOUNDATION have?
IRS filings report 1 organization giving $300 in grants to GALENA EDUCATION FOUNDATION.
Who is the largest funder of GALENA EDUCATION FOUNDATION?
The Bank of America Charitable Foundation Inc is the largest funder on record, with $300 in grants. The full list of funders is on this page.
How can an organization like GALENA EDUCATION FOUNDATION find more funders?
Start with the funders already giving here, then look at the foundations that back similar organizations in Illinois. The funding by cause and by state pages list the largest funders for a given area and how to approach them.

These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2024 (financials across 2017–2024), and the filings of 1 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 14, 2026. What this page cannot tell you · view filing