Bay Area Advisors INC: Nonprofit Profile, Financials & Form 990 (EIN 56-2633532)

Revenue by fiscal year
FY2020	$110K
FY2021	$83K
FY2022	$197K
FY2023	$281K
FY2024	$357K

Expenses by fiscal year
FY2020	$71K
FY2021	$16K
FY2022	$283K
FY2023	$268K
FY2024	$328K

Net assets by fiscal year
FY2020	$59K
FY2021	$126K
FY2022	$40K
FY2023	$52K
FY2024	$81K

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jun 2009.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

92 cents of each dollar spent went to programs.

92%

Program services 92% · $303K Management & general 8% · $26K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Something off? Claim to add context

Who runs it and what they're paid

2 people listed on the 990.

Part VII, Section A · reportable compensation

Dennis Gallagher

President

$0Pt VII · Sec A

Jesse Perez

Treasurer

$0Pt VII · Sec A

See Bay Area Advisors INC executive salaries →

Questions the 990 asks

The form asks each of these directly. These are the filed answers.

Family or business ties among officersPt VI · Ln 2No
Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Organizes an annual event to raise funds for cancer research.

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1 program · $303K · in their own filed words · FY2024

01

Sponsorship and coordination of the annual martinis for moffitt fundraising event. This event raises funds for, and awareness of, the work performed at the moffitt cancer center (tampa, florida).

$303Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid

Grants received · FY2024

Raymond James Charitable Endowment FundFY2024$8K

Morgan Stanley Global Impact Funding Trust INCFY2024$5K

Total grants receivedfrom 2 funders$13K

Grants paid · 4 grants · $882K · 2020–2024

Moffitt Cancer CenterFY2024$300,000

Moffitt Cancer CenterFY2023$250,000

Moffitt Cancer CenterFY2022$270,000

Moffitt Cancer CenterFY2020$61,750

By the numbers

The FY2024 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$357K

Ln 12

Gifts and grantsLn 1h$698K

Money outPt IX

$328K

Ln 25

Programscol B$303K

Managementcol C$26K

Owns and owesPt X

$81K

net assets · Ln 32

Cash and savingsLn 1–2$81K

Total assetsLn 16$81K

LiabilitiesLn 26$0

PeoplePt VI, VII

2

listed · VII A

PaidVII A0

Voting boardVI 1a19

IndependentVI 1b19

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$698K

Fundraising eventsLn 1c$657K

Total revenueLn 12$357K

Assets in detailPt X, end of year

CashLn 1$80K

SavingsLn 2$864

Cash and savings togetherLn 1–2$81K

Total assetsLn 16$81K

LiabilitiesLn 26$0

Net assetsLn 32$81K

OperationsPt I, VI

EmployeesI 50

Fiscal year endsHeaderDecember

Conflict-of-interest policyVI 12aYes

Whistleblower policyVI 13No

Records policyVI 14Yes

3Year over year

Balance sheet, start vs end of yearPt X · col A, B

Line	Start FY24	End FY24
Cash and savingsLn 1–2	$302K	$81K
Total assetsLn 16	$302K	$81K
LiabilitiesLn 26	$250K	$0
Net assetsLn 32	$52K	$81K

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Grants to domestic organizationsLn 1	$300K	$300K
Accounting feesLn 11c	$800	$400	$400
Office expensesLn 13	$2K	$2K
InsuranceLn 23	$1K	$634	$635
Other expenses (24a–d)Ln 24	$25K		$25K
All other expensesLn 24e	$237		$237
Total functional expensesLn 25	$328K	$303K	$26K	$0

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2024 Latest ViewingFiled with the IRS Nov 12, 2025	$357K	$328K	$29K	$81K	990 PDF
FY2023Filed with the IRS Jan 29, 2025	$281K	$268K	$13K	$52K	990 PDF
FY2022Filed with the IRS Feb 15, 2024	$197K	$283K	−$86K	$40K	990 PDF
FY2021Filed with the IRS Nov 15, 2022	$83K	$16K	$67K	$126K	990 PDF
FY2020Filed with the IRS Nov 10, 2021	$110K	$71K	$39K	$59K	990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations

See the full FY2024 990 (6 parts)

Part I · Summary $357,463 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $515,766$697,503

I-9 Program service revenue$0

I-10 Investment income$0

I-11 Other revenuePrior year −$234,987−$340,040

I-12 Total revenuePrior year $280,779$357,463

I-13 Grants and similar amounts paidPrior year $250,000$300,000

I-14 Benefits paid to members$0

I-15 Salaries and benefits$0

I-16a Professional fundraising fees$0

I-17 Other expensesPrior year $18,276$28,471

I-18 Total expensesPrior year $268,276$328,471

I-19 Revenue less expensesPrior year $12,503$28,992

Part VI · Governance 19 of 19 board members independent, 2 to look at

VI-1a Voting members of the governing body19

VI-1b Independent voting members19

VI-13 Written whistleblower policyNo

VI-15a Process for setting top official's payNo

VI-2 Family or business relationship among officers or directorsNo

VI-12a Written conflict of interest policyYes

VI-14 Document retention and destruction policyYes

Part VIII · Statement of revenue $357,463 across 6 lines filed

VIII-1b Membership dues$39,141

VIII-1c Fundraising events$656,862

VIII-1f All other contributions, gifts and grants$1,500

VIII-1h Total contributions, gifts and grants$697,503

VIII-8 Net income from fundraising eventsExcluded from tax −$340,040−$340,040

VIII-12 Total revenueExcluded from tax −$340,040$357,463

Part IX · Statement of functional expenses $328,471 across 6 lines filed

IX-1 Grants to domestic organizationsPrograms $300,000$300,000

IX-11c Accounting feesPrograms $400 · Management $400$800

IX-13 Office expensesPrograms $1,547$1,547

IX-23 InsurancePrograms $634 · Management $635$1,269

IX-24 Other expenses (24a–d)Management $24,618$24,618

IX-24e All other expensesManagement $237$237

IX-25 Total functional expensesPrograms $302,581 · Management $25,890 · Fundraising $0$328,471

Part X · Balance sheet $81,317 assets, 7 lines filed

X-1 Cash, non-interest-bearingStart of year $4,210$80,453

X-2 Savings and temporary cash investmentsStart of year $298,115$864

X-16 Total assetsStart of year $302,325$81,317

X-26 Total liabilitiesStart of year $250,000$0

X-27 Net assets without donor restrictionsStart of year $52,325$81,317

X-32 Total net assets or fund balancesStart of year $52,325$81,317

X-33 Total liabilities and net assetsStart of year $302,325$81,317

Part XI · Reconciliation of net assets $81,317 net assets at year end

XI-1 Total revenue$357,463

XI-2 Total expenses$328,471

XI-3 Revenue less expenses$28,992

XI-4 Net assets at start of year$52,325

XI-10 Net assets at end of year$81,317

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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