James G Galanos Foundation

James G Galanos Foundation consistently operates with low expenses and no reported officer compensation, accumulating assets.

EIN: 205780946 · Wilmington, DE · NTEE: T21 · Updated: 2026-03-28

$120KRevenue

$117KAssets

85/100Mission Score (Excellent)

T21

About James G Galanos Foundation

James G Galanos Foundation (EIN: 205780946) is a nonprofit organization based in Wilmington, DE, classified under NTEE code T21. The organization reported total revenue of $120K and total assets of $117K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of James G Galanos Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

The James G Galanos Foundation demonstrates a consistent pattern of low expenses relative to its revenue, particularly in recent years. For example, in 2020, the organization reported $32,617 in revenue against $13,722 in expenses, indicating a significant surplus. This trend suggests a focus on asset accumulation rather than immediate program spending. The foundation's assets have fluctuated, peaking around $256,795 in 2015 before declining to $117,491 in 2020, which warrants further investigation into the cause of this decrease. The consistent reporting of 0% officer compensation across all available filings is a strong indicator of financial transparency and a commitment to minimizing administrative overhead, which is commendable for a nonprofit of its size. However, without detailed program expense breakdowns, it's challenging to fully assess spending efficiency beyond the low overall expense ratio.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates James G Galanos Foundation with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.

Spending Breakdown

admin: 20%
programs: 80%
fundraising: 0%

According to IRS 990 filings, James G Galanos Foundation allocates its expenses as follows: admin: 20%, programs: 80%, fundraising: 0%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

Executive compensation is consistently reported as 0% across all available filings, indicating that no officers or key employees receive salaries from the foundation. This is a significant positive for a small foundation, demonstrating a strong commitment to directing all available funds towards its mission rather than administrative salaries.

Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.

Red Flags

The following concerns were identified during AI analysis of James G Galanos Foundation's IRS 990 filings:

Significant decrease in assets from $256,795 in 2015 to $117,491 in 2020 without clear explanation in provided data.

Strengths

The following positive indicators were identified for James G Galanos Foundation:

Consistent 0% officer compensation, indicating strong financial stewardship and low administrative burden.
Expenses consistently lower than revenue, suggesting financial stability and ability to accumulate resources.
Low liabilities across all reported periods, indicating a healthy balance sheet.

Frequently Asked Questions about James G Galanos Foundation

What is the specific mission and program activities of the James G Galanos Foundation?

The provided data does not detail the specific mission or program activities. Further investigation into their public statements or website would be necessary to understand their programmatic focus.

Why did the foundation's assets decrease from $256,795 in 2015 to $117,491 in 2020?

The IRS 990 data alone does not provide the reason for the significant asset reduction. This could be due to substantial program grants, investment losses, or other financial activities not detailed in the summary data.

How does the foundation utilize its accumulated revenue given its low expense ratios?

With revenues consistently exceeding expenses (e.g., $32,617 revenue vs. $13,722 expenses in 2020), the foundation appears to be accumulating capital. The specific use of these accumulated funds, whether for future large grants or endowment growth, is not clear from the provided data.

Filing History

IRS 990 filing history for James G Galanos Foundation showing financial trends over 7 years of public records:

Over 7 years of IRS 990 filings (2011–2020), James G Galanos Foundation's revenue has grown by 194.5%, moving from $11K to $33K. Total assets decreased by 45.3% over the same period, from $215K to $117K. Total functional expenses fell by 30.1%, from $20K to $14K. In its most recent filing year (2020), James G Galanos Foundation reported a surplus of $19K, with revenue exceeding expenses. The organization holds $1 in liabilities against $117K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $117K.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2020	$33K	$14K	$117K	$1	—	—
2019	$27K	$12K	$99K	$1	—	View 990
2015	$9K	$11K	$257K	$0	—	View 990
2014	$14K	$11K	$234K	$0	—	View 990
2013	$34K	$9K	$230K	$1	—	View 990
2012	$11K	$21K	$206K	$1	—	View 990
2011	$11K	$20K	$215K	$0	—	View 990

Year-by-Year Financial Summary

2020: Revenue of $33K, expenses of $14K, and assets of $117K (revenue +20.8% year-over-year).
2019: Revenue of $27K, expenses of $12K, and assets of $99K (revenue +208.5% year-over-year).
2015: Revenue of $9K, expenses of $11K, and assets of $257K (revenue -39.1% year-over-year).
2014: Revenue of $14K, expenses of $11K, and assets of $234K (revenue -57.3% year-over-year).
2013: Revenue of $34K, expenses of $9K, and assets of $230K (revenue +197.2% year-over-year).
2012: Revenue of $11K, expenses of $21K, and assets of $206K (revenue +2.1% year-over-year).
2011: Revenue of $11K, expenses of $20K, and assets of $215K.

Data Sources and Methodology

This transparency report for James G Galanos Foundation is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.

IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.

Disclaimer

AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.