GALARZA FOUNDATION CORPORATION: Form 990PF, tax year 2024

View the entire original 990 at ProPublica ↗

Organization: GALARZA FOUNDATION CORPORATION (EIN 92-0922787)
Tax period: 2024-01-01 to 2024-12-31
Filed: 2025-06-20
IRS object ID: 202521719349100417
Schema version: 2024v5.1
Source: Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header
Form 990-PF
Accounting Fees Schedule

Return header ReturnHeader

Field	Value	IRS element (for citing)
Return	2025-06-20T17:38:29-04:00	ReturnTs
Tax Period End	2024-12-31	TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Field	Value	IRS element (for citing)
Preparer Firm EIN	273686897	PreparerFirmEIN

Preparer Firm Name PreparerFirmName

Field	Value	IRS element (for citing)
Business Name Line1	NL PREPARATION SERVICES INC	BusinessNameLine1Txt

Preparer US Address PreparerUSAddress

Field	Value	IRS element (for citing)
Address Line1	7745 JONESBORO RD	AddressLine1Txt
City	Jonesboro	CityNm
State Abbreviation	GA	StateAbbreviationCd
ZIP	30236	ZIPCd

Field	Value	IRS element (for citing)
Return Type	990PF	ReturnTypeCd
Tax Period Begin	2024-01-01	TaxPeriodBeginDt

Filer Filer

Field	Value	IRS element (for citing)
EIN	920922787	EIN

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	GALARZA FOUNDATION CORPORATION	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
In Care Of	% NESTOR V GALARZA	InCareOfNm
Business Name Control	GALA	BusinessNameControlTxt
Phone	6789796180	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	100 PLANTATION BLVD	AddressLine1Txt
City	STOCKBRIDGE	CityNm
State Abbreviation	GA	StateAbbreviationCd
ZIP	30281	ZIPCd

Business Officer BusinessOfficerGrp

Field	Value	IRS element (for citing)
Person	NESTOR V GALARZA	PersonNm
Person Title	PRESIDENT	PersonTitleTxt
Phone	6789796180	PhoneNum
Signature	2025-06-20	SignatureDt
Discuss With Paid Preparer	false	DiscussWithPaidPreparerInd

Field	Value	IRS element (for citing)
IRS Responsible Prty Info Curr	Yes (true)	IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

Field	Value	IRS element (for citing)
Preparer Person	ZAIRA MARTINEZ	PreparerPersonNm
PTIN	P02001202	PTIN
Phone	7702108864	PhoneNum
Preparation	2025-06-20	PreparationDt

Field	Value	IRS element (for citing)
Tax	2024	TaxYr
Build TS	2025-03-06 01:10:19Z	BuildTS

Form 990-PF IRS990PF

Field	Value	IRS element (for citing)
Organization501c3 Exempt PF	Yes (X)	Organization501c3ExemptPFInd
FMV Assets EOY	$0	FMVAssetsEOYAmt
Method Of Accounting Cash	Yes (X)	MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

Field	Value	IRS element (for citing)
Schedule B Not Required	Yes (X)	ScheduleBNotRequiredInd
Interest On Sav Rev And Expnss	$10,888	InterestOnSavRevAndExpnssAmt
Dividends Rev And Expnss	$8,001	DividendsRevAndExpnssAmt
Net Gain Sale Ast Rev And Expnss	$26,993	NetGainSaleAstRevAndExpnssAmt
Gross Sales Price	$209,657	GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm	$26,993	CapGainNetIncmNetInvstIncmAmt
Net ST Capital Gain Adj Net Incm	$26,993	NetSTCapitalGainAdjNetIncmAmt
Total Rev And Expnss	$45,882	TotalRevAndExpnssAmt
Total Net Invst Incm	$26,993	TotalNetInvstIncmAmt
Total Adj Net Incm	$26,993	TotalAdjNetIncmAmt
Accounting Fees Rev And Expnss	$21,869	AccountingFeesRevAndExpnssAmt
Accounting Fees Net Invst Incm	$7,000	AccountingFeesNetInvstIncmAmt
Accounting Fees Chrtbl Prps	$14,869	AccountingFeesChrtblPrpsAmt
Tot Opr Expenses Rev And Expnss	$21,869	TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm	$7,000	TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl	$14,869	TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss	$10,000	ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl	$10,000	ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss	$31,869	TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm	$7,000	TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl	$24,869	TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses	$14,013	ExcessRevenueOverExpensesAmt
Net Investment Income	$19,993	NetInvestmentIncomeAmt
Adjusted Net Income	$26,993	AdjustedNetIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

Field	Value	IRS element (for citing)
Cash BOY	$276,000	CashBOYAmt
Cash EOY	$27,650	CashEOYAmt
Sav And Temp Cash Invst BOY	$201,532	SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY	$463,895	SavAndTempCashInvstEOYAmt
Total Assets BOY	$477,532	TotalAssetsBOYAmt
Total Assets EOY	$491,545	TotalAssetsEOYAmt
Total Assets EOYFMV	$0	TotalAssetsEOYFMVAmt
Total Liabilities BOY	$0	TotalLiabilitiesBOYAmt
Total Liabilities EOY	$0	TotalLiabilitiesEOYAmt
Organization Follows FASB117	Yes (X)	OrganizationFollowsFASB117Ind
No Donor Rstr Net Assests BOY	$477,532	NoDonorRstrNetAssestsBOYAmt
No Donor Rstr Net Assests EOY	$491,545	NoDonorRstrNetAssestsEOYAmt
Tot Net Ast Or Fund Balances BOY	$477,532	TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY	$491,545	TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY	$477,532	TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY	$491,545	TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

Field	Value	IRS element (for citing)
Tot Net Ast Or Fund Balances BOY	$477,532	TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses	$14,013	ExcessRevenueOverExpensesAmt
Subtotal	$491,545	SubtotalAmt
Tot Net Ast Or Fund Balances EOY	$491,545	TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (9 entries)

PropertyPropertyDesc	How AcquiredHowAcquiredCd	AcquiredAcquiredDt	SoldSoldDt	Gross Sales PriceGrossSalesPriceAmt	Cost Or Other BasisCostOrOtherBasisAmt	Gain Or LossGainOrLossAmt	Gains Minus Excess Or LossesGainsMinusExcessOrLossesAmt
AXP - AMERICAN EXPRESS	P	2024-01-12	2024-07-15	$24,367	$18,367	$6,000	$6,000
KO - COCA COLA	P	2024-01-12	2024-08-08	$6,874	$5,995	$879	$879
POWA - INVESCO EXCH TRD SLFIDX	P	2024-01-12	2024-07-16	$16,084	$14,396	$1,688	$1,688
JNJ - JOHNSON AND JOHNSON	P	2024-01-12	2024-08-28	$16,388	$16,191	$197	$197
SPY - SPDR SP500	P	2024-01-02	2024-07-18	$12,110	$10,384	$1,726	$1,726
SPY - SPDR SP500	P	2024-01-05	2024-07-18	$28,624	$24,302	$4,322	$4,322
SPY - SPDR SP500	P	2024-01-08	2024-07-18	$14,312	$12,227	$2,085	$2,085
VTI - VANGUARD TOTAL STK MKT	P	2024-01-12	2024-07-19	$54,098	$47,402	$6,696	$6,696
VYM - VANGUARD WHITEHALL FDS	P	2024-01-12	2024-07-16	$36,800	$33,400	$3,400	$3,400

Field	Value	IRS element (for citing)
Capital Gain Net Income	$26,993	CapitalGainNetIncomeAmt
Net Short Term Capital Gain Loss	$26,993	NetShortTermCapitalGainLossAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

Field	Value	IRS element (for citing)
Investment Income Excise Tax	$278	InvestmentIncomeExciseTaxAmt
Tax Under Section511	$0	TaxUnderSection511Amt
Subtotal	$278	SubtotalAmt
Subtitle A Tax	$0	SubtitleATaxAmt
Tax Based On Investment Income	$278	TaxBasedOnInvestmentIncomeAmt
Tax Due	$278	TaxDueAmt

Statements Regarding Acty StatementsRegardingActyGrp

Field	Value	IRS element (for citing)
Legislative Political Acty	false	LegislativePoliticalActyInd
More Than100 Spent	false	MoreThan100SpentInd
Form1120 POL Filed	false	Form1120POLFiledInd
Activities Not Previously Rpt	false	ActivitiesNotPreviouslyRptInd
Changes To Articles Or Bylaws	false	ChangesToArticlesOrBylawsInd
Unrelated Bus Incm Over Limit	false	UnrelatedBusIncmOverLimitInd
Organization Dissolved Etc	false	OrganizationDissolvedEtcInd
Section508e Rqr Satisfied	Yes (true)	Section508eRqrSatisfiedInd
At Least5000 In Assets	Yes (true)	AtLeast5000InAssetsInd
Org Report Or Register State	GA	OrgReportOrRegisterStateCd
Form990 PF Filed With Atty Gen	false	Form990PFFiledWithAttyGenInd
Private Operating Foundation	false	PrivateOperatingFoundationInd
New Substantial Contributors	false	NewSubstantialContributorsInd
Own Controlled Entity	false	OwnControlledEntityInd
Donor Advised Fund	false	DonorAdvisedFundInd
Comply With Public Insp Rqr	Yes (true)	ComplyWithPublicInspRqrInd
Individual With Books	BN CAPITAL	IndividualWithBooksNm
Phone	4049222303	PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

Field	Value	IRS element (for citing)
Address Line1	2028 WRIGHTS WAY	AddressLine1Txt
City	JONESBORO	CityNm
State Abbreviation	GA	StateAbbreviationCd
ZIP	30236	ZIPCd

Field	Value	IRS element (for citing)
Foreign Accounts Question	false	ForeignAccountsQuestionInd

Statements Regarding Acty4720 StatementsRegardingActy4720Grp

Field	Value	IRS element (for citing)
Sale Or Exch Disqualified Prsn	false	SaleOrExchDisqualifiedPrsnInd
Brrw Or Lend Disqualified Prsn	false	BrrwOrLendDisqualifiedPrsnInd
Furn Goods Disqualified Prsn	false	FurnGoodsDisqualifiedPrsnInd
Pay Comp Disqualified Prsn	false	PayCompDisqualifiedPrsnInd
Transfer Ast Disqualified Prsn	false	TransferAstDisqualifiedPrsnInd
Payment To Government Official	false	PaymentToGovernmentOfficialInd
Uncorrected Prior Acts	false	UncorrectedPriorActsInd
Undistributed Income PY	false	UndistributedIncomePYInd
Undistr Incm Sect4942a2 Not App	false	UndistrIncmSect4942a2NotAppInd
Business Holdings	false	BusinessHoldingsInd
Jeopardy Investments	false	JeopardyInvestmentsInd
Uncorrected PY Jeopardy Invst	false	UncorrectedPYJeopardyInvstInd
Influence Legislation	false	InfluenceLegislationInd
Influence Election	false	InfluenceElectionInd
Grants To Individuals	false	GrantsToIndividualsInd
Grants To Organizations	false	GrantsToOrganizationsInd
Noncharitable Purpose	false	NoncharitablePurposeInd
Rcv Fnds To Pay Prsnl Bnft Cntrct	false	RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct	false	PayPremiumsPrsnlBnftCntrctInd
Prohibited Tax Shelter Trans	false	ProhibitedTaxShelterTransInd
Subj To Tax Rmnrtn Ex Prcht Pymt	false	SubjToTaxRmnrtnExPrchtPymtInd

Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp

Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp

Field	Value	IRS element (for citing)
Person	NESTOR V GALARZA	PersonNm

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	100 PLANTATION BLVD	AddressLine1Txt
City	STOCKBRIDGE	CityNm
State Abbreviation	GA	StateAbbreviationCd
ZIP	30281	ZIPCd

Field	Value	IRS element (for citing)
Title	PRESIDENT	TitleTxt
Average Hrs Per Wk Devoted To Pos	1.00	AverageHrsPerWkDevotedToPosRt
Compensation	$0	CompensationAmt
Employee Benefit Program	$0	EmployeeBenefitProgramAmt
Expense Account Other Allwnc	$0	ExpenseAccountOtherAllwncAmt

Field	Value	IRS element (for citing)
Comp Of Hghst Pd Empl Or NONE	NONE	CompOfHghstPdEmplOrNONETxt
Other Employee Paid Over50k	0	OtherEmployeePaidOver50kCnt
Comp Of Hghst Pd Cntrct Or NONE	NONE	CompOfHghstPdCntrctOrNONETxt

Sum Of Program Related Invst SumOfProgramRelatedInvstGrp

Field	Value	IRS element (for citing)
Total	$0	TotalAmt

Minimum Investment Return MinimumInvestmentReturnGrp

Field	Value	IRS element (for citing)
Average Monthly FMV Of Sec	$267,594	AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances	$246,076	AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast	$0	FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets	$513,670	TotalFMVOfUnusedAssetsAmt
Reduction Claimed	$0	ReductionClaimedAmt
Acquisition Indebtedness	$0	AcquisitionIndebtednessAmt
Adjusted Total FMV Of Unused Ast	$513,670	AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable	$50,000	CashDeemedCharitableAmt
Net Vl Noncharitable Assets	$463,670	NetVlNoncharitableAssetsAmt
Minimum Investment Return	$23,184	MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

Field	Value	IRS element (for citing)
Minimum Investment Return	$23,184	MinimumInvestmentReturnAmt
Tax Based On Investment Income	$278	TaxBasedOnInvestmentIncomeAmt
Total Tax	$278	TotalTaxAmt
Distributable Before Adj	$22,906	DistributableBeforeAdjAmt
Distributable Before Ded	$22,906	DistributableBeforeDedAmt
Distributable As Adjusted	$22,906	DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

Field	Value	IRS element (for citing)
Expenses And Contributions	$24,869	ExpensesAndContributionsAmt
Qualifying Distributions	$24,869	QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

Field	Value	IRS element (for citing)
Distributable As Adjusted	$22,906	DistributableAsAdjustedAmt
Qualifying Distributions	$24,869	QualifyingDistributionsAmt
Applied To Current Year	$22,906	AppliedToCurrentYearAmt
Remaining Distri From Corpus	$1,963	RemainingDistriFromCorpusAmt
Total Corpus	$1,963	TotalCorpusAmt
Undistributed Income CY	$0	UndistributedIncomeCYAmt
Excess Distri Cyov To Next Yr	$1,963	ExcessDistriCyovToNextYrAmt
Excess From Current Year	$1,963	ExcessFromCurrentYearAmt

Supplementary Information SupplementaryInformationGrp

Field	Value	IRS element (for citing)
Only Contri To Preselected	Yes (X)	OnlyContriToPreselectedInd

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp

Field	Value	IRS element (for citing)
Recipient Person	CITY OF REFUGE	RecipientPersonNm

Recipient US Address RecipientUSAddress

Field	Value	IRS element (for citing)
Address Line1	1300 JOSEPH E BOONE BLVD NW	AddressLine1Txt
City	ATLANTA	CityNm
State Abbreviation	GA	StateAbbreviationCd
ZIP	30314	ZIPCd

Field	Value	IRS element (for citing)
Recipient Relationship	NONE	RecipientRelationshipTxt
Recipient Foundation Status	PC	RecipientFoundationStatusTxt
Grant Or Contribution Purpose	GENERAL FUND	GrantOrContributionPurposeTxt
Amt	$10,000	Amt

Field	Value	IRS element (for citing)
Total Grant Or Contri Pd Dur Yr	$10,000	TotalGrantOrContriPdDurYrAmt
Total Grant Or Contri Apprv Fut	$0	TotalGrantOrContriApprvFutAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

Field	Value	IRS element (for citing)
Related Or Exempt Function Incm	$10,888	RelatedOrExemptFunctionIncmAmt

Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl

Field	Value	IRS element (for citing)
Related Or Exempt Function Incm	$8,001	RelatedOrExemptFunctionIncmAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

Field	Value	IRS element (for citing)
Related Or Exempt Function Incm	$18,889	RelatedOrExemptFunctionIncmAmt

Field	Value	IRS element (for citing)
Total Income Producing Acty	$18,889	TotalIncomeProducingActyAmt

Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp

Field	Value	IRS element (for citing)
Trnsfr Of Cash To Nonchrtbl EO	false	TrnsfrOfCashToNonchrtblEOInd
Trnsfr Other Asset Nonchrtbl EO	false	TrnsfrOtherAssetNonchrtblEOInd
Sales Or Exchanges Of Assets	false	SalesOrExchangesOfAssetsInd
Purchase Of Assets Nonchrtbl EO	false	PurchaseOfAssetsNonchrtblEOInd
Rental Of Facilities Oth Assets	false	RentalOfFacilitiesOthAssetsInd
Reimbursement Arrangements	false	ReimbursementArrangementsInd
Loans Or Loan Guarantees	false	LoansOrLoanGuaranteesInd
Performance Of Services Etc	false	PerformanceOfServicesEtcInd
Sharing Of Facilities Etc	false	SharingOfFacilitiesEtcInd
Relationships Nonchrtbl EO	false	RelationshipsNonchrtblEOInd

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees Detail AccountingFeesDetail

Field	Value	IRS element (for citing)
Category	BN CAPITAL	CategoryTxt
Amt	$21,869	Amt
Net Investment Income	$7,000	NetInvestmentIncomeAmt
Adjusted Net Income	$0	AdjustedNetIncomeAmt
Disbursements Charitable Prps	$14,869	DisbursementsCharitablePrpsAmt

GALARZA FOUNDATION CORPORATION: Form 990PF, tax year 2024

Return header ReturnHeader

Preparer Firm PreparerFirmGrp

Preparer Firm Name PreparerFirmName

Preparer US Address PreparerUSAddress

Filer Filer

Business Name BusinessName

US Address USAddress

Business Officer BusinessOfficerGrp

Preparer Person PreparerPersonGrp

Form 990-PF IRS990PF

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (9 entries)

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

Statements Regarding Acty StatementsRegardingActyGrp

Location Of Books US Address LocationOfBooksUSAddress

Statements Regarding Acty4720 StatementsRegardingActy4720Grp

Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp

Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp

US Address USAddress

Sum Of Program Related Invst SumOfProgramRelatedInvstGrp

Minimum Investment Return MinimumInvestmentReturnGrp

Distributable Amount DistributableAmountGrp

PF Qualifying Distributions PFQualifyingDistributionsGrp

Undistributed Income UndistributedIncomeGrp

Supplementary Information SupplementaryInformationGrp

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp

Recipient US Address RecipientUSAddress

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees Detail AccountingFeesDetail

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