Galt Foundation FY2024 filing

Tax-deductible

Salem, OR501(c)(3)Since 1998EmploymentEIN 93-1268744

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Provide, promote, and expand employment opportunities for individuals with disabilities

501(c)(3) charity; gifts are tax-deductible.
76¢ of each $1 spent went to programs.
$865K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
0 of 6
filings with a surplus
Average deficit $565K a year · 2% of revenue · last 6 filings
Concern: a surplus in 0 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
76%
of spending
Looks good: 76% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$865K
to officers and key staff · 5% of spending
Looks good: pay to officers and key staff is 5% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
<1 mo
of spending, in cash
Worth a look: 0.6 months of spending in cash; under 1.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $2K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$491K
5% of total assets
Looks good: liabilities are 5% of assets; 50% or less.
Pt X · Ln 26
Independent board members
0
of 6 voting members
Concern: none of 6 voting members are independent.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$15.5M
-9% vs prior year
Spent
$16.6M
To programs
76%
Net assets
$9.4M
By yearFY2020–FY2025
Revenue
$15.5M
FY2024▼ -9%
Revenue by fiscal year
FY2020$32.7M
FY2021$36.1M
FY2022$22.6M
FY2023$17.2M
FY2024$15.5M
FY2025$15.0M
FY2025$1.5M
Expenses
$16.6M
FY2024▼ -8%
Expenses by fiscal year
FY2020$33.4M
FY2021$36.3M
FY2022$23.2M
FY2023$18.0M
FY2024$16.6M
FY2025$15.0M
FY2025$1.7M
Net assets
$9.4M
FY2024▼ -8%
Net assets by fiscal year
FY2020$11.5M
FY2021$11.8M
FY2022$10.4M
FY2023$10.2M
FY2024$9.4M
FY2025$9.6M
FY2025$9.4M

From the FY2024 Form 990 (year ending October 2024) · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Oct 1999.

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

Where the money goes

76 cents of each dollar spent went to programs.

Program services 76% · $12.7M Management & general 24% · $3.9M

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

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Who runs it and what they're paid

13 people listed on the 990; $865K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
Executive Director
$193,953Pt VII · Sec A
Sales & Marketing Director
$171,400Pt VII · Sec A
Staffing Director
$151,323Pt VII · Sec A
Operations Director
$146,277Pt VII · Sec A
HR Director
$121,983Pt VII · Sec A
Vice Chair
$20,000Pt VII · Sec A
$20,000Pt VII · Sec A
Treasurer
$20,000Pt VII · Sec A

Lisa Doyle’s $191K as President & CEO is at the 30th percentile of top reported officer pay among 414 $10–100M employment nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2025FY2025FY2024FY2023FY2022FY2021
Elsa Lemoine—$223,463$193,953$248,030$227,315—
Hope Crumley——————
Lisa Doyle$190,507$102,380————
Ken Rigby—————$177,500
Michael McClain$174,515$175,543$146,277$150,010——
Polly Colby——$171,400$173,490——
Tricia Miller———$121,962$123,068$152,500
Elizabeth Shrader$158,046$150,771————

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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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 15aYes

Programs and updates

Connects people with disabilities to job opportunities, fostering independence.

Provided by the organization

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1 program service account for $12.7M of program spending, described in the organization's own filed words · FY2023.
01

Galt foundation is a non-profit staffing service that provides employment opportunities for individuals with disabilities and other vocational disadvantages. Galt foundation is certified as a qualified rehabilitation program in oregon, a community rehabilitation program in oklahoma .

$12.7Mprogram expense

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Funders

Who pays for it.

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

Grants

Schedule I · funders on record
Grants received · FY2023
Total grants receivedfrom 1 funder$2K

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$15.5M
Ln 12
Fees for servicesLn 2g$15.4M
Investment incomeLn 3$117K
Money outPt IX
$16.6M
Ln 25
Programscol B$12.7M
Managementcol C$3.9M
Owns and owesPt X
$9.4M
net assets · Ln 32
Cash and savingsLn 1–2$866K
Total assetsLn 16$9.8M
LiabilitiesLn 26$491K
PeoplePt VI, VII
13
listed · VII A
PaidVII A11
Voting boardVI 1a6
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$15.4M
Investment incomeLn 3$117K
Gains on assetsLn 7$1K
Total revenueLn 12$15.5M
Assets in detailPt X, end of year
CashLn 1$866K
Cash and savings togetherLn 1–2$866K
InvestmentsLn 11–13$4.0M
Land, buildings, equipmentLn 10c$2.8M
Other assetsLn 15$31K
Total assetsLn 16$9.8M
LiabilitiesLn 26$491K
Net assetsLn 32$9.4M
OperationsPt I, VI
EmployeesI 51,215
VolunteersI 60
Fiscal year endsHeaderOctober
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$3.0M$866K
InvestmentsLn 11–13$3.7M$4.0M
Land, buildings, equipmentLn 10c$3.0M$2.8M
Total assetsLn 16$12.0M$9.8M
LiabilitiesLn 26$1.8M$491K
Net assetsLn 32$10.2M$9.4M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$316K$264K$52K
Other salaries and wagesLn 7$13.5M$11.7M$1.8M
Other employee benefitsLn 9$597K$362K$235K
Payroll taxesLn 10$308K$6K$302K
Legal feesLn 11b$100K$100K
Accounting feesLn 11c$16K$200$16K
Investment management feesLn 11f$21K$21K
Other fees for servicesLn 11g$441K$441K
Advertising and promotionLn 12$87K$87K
Office expensesLn 13$294K$42K$253K
OccupancyLn 16$19K$19K
InterestLn 20$3$3
Depreciation, depletion and amortizationLn 22$148K$148K
InsuranceLn 23$128K$128K
Other expenses (24a–d)Ln 24$529K$299K$229K
All other expensesLn 24e$100K$46K$54K
Total functional expensesLn 25$16.6M$12.7M$3.9M$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 $15.0M$15.0M−$22K$9.6M 990 PDF
FY2024 Viewing $15.5M$16.6M−$1.1M$9.4M 990 PDF
FY2023 $17.2M$18.0M−$896K$10.2M 990 PDF
FY2022 $22.6M$23.2M−$571K$10.4M 990 PDF
FY2021 $36.1M$36.3M−$151K$11.8M 990 PDF
FY2020 $32.7M$33.4M−$696K$11.5M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2024 990 (4 parts)
Part VIII · Statement of revenue $15,540,134 across 6 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $15,449,221$15,449,221
VIII-3 Investment incomeExcluded from tax $116,148$116,148
VIII-6 Net rental income or lossExcluded from tax −$40,226−$40,226
VIII-7 Net gain or loss on sales of assetsExcluded from tax $1,267$1,267
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $13,724$13,724
VIII-12 Total revenueRelated to mission $15,449,221 · Unrelated business $0 · Excluded from tax $90,913$15,540,134
Part IX · Statement of functional expenses $16,595,913 across 16 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $264,291 · Management $52,136$316,427
IX-7 Other salaries and wagesPrograms $11,656,306 · Management $1,834,955$13,491,261
IX-9 Other employee benefitsPrograms $362,079 · Management $234,755$596,834
IX-10 Payroll taxesPrograms $5,870 · Management $302,329$308,199
IX-11b Legal feesManagement $100,163$100,163
IX-11c Accounting feesPrograms $200 · Management $15,772$15,972
IX-11f Investment management feesManagement $21,275$21,275
IX-11g Other fees for servicesManagement $440,781$440,781
IX-12 Advertising and promotionManagement $86,777$86,777
IX-13 Office expensesPrograms $41,809 · Management $252,607$294,416
IX-16 OccupancyManagement $18,750$18,750
IX-20 InterestPrograms $3$3
IX-22 Depreciation, depletion and amortizationManagement $147,849$147,849
IX-23 InsuranceManagement $128,402$128,402
IX-24 Other expenses (24a–d)Programs $299,369 · Management $229,189$528,558
IX-24e All other expensesPrograms $46,013 · Management $54,233$100,246
IX-25 Total functional expensesPrograms $12,675,940 · Management $3,919,973 · Fundraising $0$16,595,913
Part X · Balance sheet $9,847,692 assets, 14 lines filed
X-1 Cash, non-interest-bearingStart of year $2,977,892$866,102
X-4 Accounts receivableStart of year $1,963,444$2,060,324
X-9 Prepaid expenses and deferred chargesStart of year $217,908$91,054
X-10c Land, buildings and equipment, netStart of year $3,012,397$2,754,074
X-11 Publicly traded securitiesStart of year $3,710,924$4,024,194
X-14 Intangible assetsStart of year $31,845$20,956
X-15 Other assetsStart of year $78,739$30,988
X-16 Total assetsStart of year $11,993,149$9,847,692
X-17 Accounts payable and accrued expensesStart of year $532,892$475,281
X-25 Other liabilitiesStart of year $0$15,299
X-26 Total liabilitiesStart of year $1,818,783$490,580
X-27 Net assets without donor restrictionsStart of year $10,174,366$9,357,112
X-32 Total net assets or fund balancesStart of year $10,174,366$9,357,112
X-33 Total liabilities and net assetsStart of year $11,993,149$9,847,692
Part XI · Reconciliation of net assets $9,357,112 net assets at year end
XI-1 Total revenue$15,540,134
XI-2 Total expenses$16,595,913
XI-3 Revenue less expenses−$1,055,779
XI-4 Net assets at start of year$10,174,366
XI-5 Net unrealized gains (losses) on investments$238,525
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$9,357,112

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

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