Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
bulletDo not enter social security numbers on this form as it may be made public.
bulletInformation about Form 990-PF and its instructions is at www.irs.gov/form990pf.
OMB No. 1545-0052
2015
Open to Public Inspection
For calendar year 2015, or tax year beginning 01-01-2015 , and ending 12-31-2015
Name of foundation
GALVAN INITIATIVES FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)42 WEST 39TH STREET 14TH FLOOR
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
NEW YORK, NY10018
A Employer identification number

45-4110216
B Telephone number (see instructions)

(212) 292-8400
C bullet
G Check all that apply:

D 1. bullet
2. bullet
E bullet
H Check type of organization:
F bullet
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)bullet$28,662,001J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule) 2,900,500
2 Check bullet Sch. B .............
3 Interest on savings and temporary cash investments 67,743 67,743 67,743
4 Dividends and interest from securities...      
5a Gross rents............ 513,591 513,591 513,591
b Net rental income or (loss) -313,084
6a Net gain or (loss) from sale of assets not on line 10  
b Gross sales price for all assets on line 6a  
7 Capital gain net income (from Part IV, line 2)...  
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule).......      
12 Total. Add lines 1 through 11........ 3,481,834 581,334 581,334
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc.        
14 Other employee salaries and wages...... 125,296   125,296  
15 Pension plans, employee benefits....... 15,597   15,597  
16a Legal fees (attach schedule)......... Click to see attachment 70,055 16,149 70,055  
b Accounting fees (attach schedule)....... Click to see attachment 13,360   13,360  
c Other professional fees (attach schedule).... Click to see attachment 336,223 12,103 336,223  
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 252,367 252,367 252,367  
19 Depreciation (attach schedule) and depletion... Click to see attachment 345,054 334,053 345,054
20 Occupancy..............        
21 Travel, conferences, and meetings....... 12,882   12,882  
22 Printing and publications.......... 6,051 1,950 6,051  
23 Other expenses (attach schedule)....... Click to see attachment 315,231 210,053 315,231  
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 1,492,116 826,675 1,492,116 0
25 Contributions, gifts, grants paid....... 21,120 21,120
26 Total expenses and disbursements. Add lines 24 and 25 1,513,236 826,675 1,492,116 21,120
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 1,968,598
b Net investment income (if negative, enter -0-) 0
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2015)
Form 990-PF (2015)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.)		 Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing.............      
2 Savings and temporary cash investments......... 1,119,297 606,392 606,392
3 Accounts receivable bullet6,053
Less: allowance for doubtful accounts bullet   27,080 6,053 122,981
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) bullet6,668,147
Less: allowance for doubtful accounts bullet   6,668,147 Click to see attachment6,668,147 6,668,147
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule).......      
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule)..........      
14 Land, buildings, and equipment: basis bullet21,245,874
Less: accumulated depreciation (attach schedule) bullet875,786 16,846,324 Click to see attachment20,370,088 21,245,874
15 Other assets (describe bullet) Click to see attachment27,900 Click to see attachment18,607 Click to see attachment18,607
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 24,688,748 27,669,287 28,662,001
Liabilities 17 Accounts payable and accrued expenses.......... 82,149 634,366
18 Grants payable..................    
19 Deferred revenue................. 39,020 63,765
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet)   Click to see attachment434,979
23 Total liabilities (add lines 17 through 22)......... 121,169 1,133,110
Net Assets or Fund Balances bullet
and complete lines 24 through 26 and lines 30 and 31.
24 Unrestricted.................. 24,567,579 26,536,177
25 Temporarily restricted...............    
26 Permanently restricted...............    
bullet
and complete lines 27 through 31.
27 Capital stock, trust principal, or current funds........    
28 Paid-in or capital surplus, or land, bldg., and equipment fund    
29 Retained earnings, accumulated income, endowment, or other funds    
30 Total net assets or fund balances (see instructions)..... 24,567,579 26,536,177
31 Total liabilities and net assets/fund balances (see instructions). 24,688,748 27,669,287
Part III
Analysis of Changes in Net Assets or Fund Balances
1
Total net assets or fund balances at beginning of year—Part II, column (a), line 30 (must agree with end-of-year figure reported on prior year’s return) ...............
1
24,567,579
2
Enter amount from Part I, line 27a .....................
2
1,968,598
3
Other increases not included in line 2 (itemize) bullet
3
 
4
Add lines 1, 2, and 3 ..........................
4
26,536,177
5
Decreases not included in line 2 (itemize) bullet
5
 
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30 .
6
26,536,177
Form 990-PF (2015)
Form 990-PF (2015)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.) 		(b) How acquired
P—Purchase
D—Donation 		(c) Date acquired
(mo., day, yr.) 		(d) Date sold
(mo., day, yr.)
1a
b
c
d
e
(e) Gross sales price (f) Depreciation allowed
(or allowable) 		(g) Cost or other basis
plus expense of sale 		(h) Gain or (loss)
(e) plus (f) minus (g)
a
b
c
d
e
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l) Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i) F.M.V. as of 12/31/69 (j) Adjusted basis
as of 12/31/69 		(k) Excess of col. (i)
over col. (j), if any
a
b
c
d
e
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2  
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0-
in Part I, line 8 ................... 		Bracket 3  
Part V
Qualification Under Section 4940(e) for Reduced Tax on Net Investment Income
(For optional use by domestic private foundations subject to the section 4940(a) tax on net investment income.)
If section 4940(d)(2) applies, leave this part blank.
Was the foundation liable for the section 4942 tax on the distributable amount of any year in the base period?
If "Yes," the foundation does not qualify under section 4940(e). Do not complete this part.
1 Enter the appropriate amount in each column for each year; see instructions before making any entries.
(a)
Base period years Calendar
year (or tax year beginning in) 		(b)
Adjusted qualifying distributions 		(c)
Net value of noncharitable-use assets 		(d)
Distribution ratio
(col. (b) divided by col. (c))
2014 798,383 2,830,492 0.282065
2013   1,640,081  
2012      
2011      
2010      
2
Total of line 1, column (d) .....................
20.282065
3
Average distribution ratio for the 5-year base period—divide the total on line 2 by 5, or by
the number of years the foundation has been in existence if less than 5 years . . .
3
0.282065
4
Enter the net value of noncharitable-use assets for 2015 from Part X, line 5.....
4
417,950
5
Multiply line 4 by line 3......................
5
117,889
6
Enter 1% of net investment income (1% of Part I, line 27b)...........
6
 
7
Add lines 5 and 6........................
7
117,889
8
Enter qualifying distributions from Part XII, line 4.............
8
21,120
If line 8 is equal to or greater than line 7, check the box in Part VI, line 1b, and complete that part using a 1% tax rate. See the Part VI instructions.
Form 990-PF (2015)
Form 990-PF (2015)
Page 4
Part VI
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see page 18 of the instructions)
1a Bullet and enter “N/A" on line 1. Bracket
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions)
b 1 0
hereBulletand enter 1% of Part I, line 27b...................
c All other domestic foundations enter 2% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2  
3 Add lines 1 and 2........................... 3  
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4  
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5  
6 Credits/Payments:
a 2015 estimated tax payments and 2014 overpayment credited to 2015 6a  
b Exempt foreign organizations—tax withheld at source...... 6b
c Tax paid with application for extension of time to file (Form 8868)... 6c  
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7  
8 Enter any penalty for underpayment of estimated tax. if Form 2220 is attached. 8  
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10  
11 Enter the amount of line 10 to be: Credited to 2015 estimated taxBullet   RefundedBullet 11  
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes (see Instructions
for definition)?.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
 
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$   (2) On foundation managers.bullet$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$  
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
     
    No
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletNY
    b
    If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2015 or the taxable year beginning in 2015 (see instructions for Part XIV)?
    If "Yes," complete Part XIV.............................
    9
    Yes
     
    10
    Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
    and addresses. ...............................
    10
     
    No
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 5
    Part VII-A
    Statements Regarding Activities (continued)
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. (see instructions) .............
    11
     
    No
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement (see instructions).................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletWWW.GALVANFOUNDATION.ORG
    14
    The books are in care ofbulletT ERIC GALLOWAY Telephone no.bullet (212) 292-8400

    Located atbullet42 WEST 39TH STREET 14TH FLOORNEW YORKNY ZIP+4bullet10018
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041.......bullet
    and enter the amount of tax-exempt interest received or accrued during the year ......bullet
    15  
    16 At any time during calendar year 2015, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country?
    16   No
    See instructions for exceptions and filing requirements for FinCEN Form 114, Report of Foreign Bank and Financial Accounts (FBAR). If "Yes", enter the name of the foreign country bullet  
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?......................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?...............
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).......
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance (see instructions)? ........
    1b
     
     
    ........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2015?.............
    1c
     
     
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2015, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2015?.............
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year?......................
    b
    If "Yes," did it have excess business holdings in 2015 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2015.)..................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2015?
    4b
     
    No
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 6
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required (Continued)
    5a
    During the year did the foundation pay or incur any amount to:
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?.............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? (see instructions)................
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?.....
    b
    If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance (see instructions)? ......
    5b
     
     
    .........bullet
    c
    If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant?..........
    If "Yes," attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract?.....................
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract?....
    6b
     
    No
    If "Yes" to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    b
    If yes, did the foundation receive any proceeds or have any net income attributable to the transaction? ....
    7b
     
     
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 7
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation (see instructions).
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
    other allowances
    T ERIC GALLOWAY PRESIDENT
    10.00     		0 0 0
    345 ALLEN STREET
    HUDSON,NY12534
    HENRY VAN AMERINGEN TREASURER
    10.00     		0 0 0
    37 WEST 12TH STREET APT 11E
    NEW YORK,NY100118502
    RAFAL MARKWAT SECRETARY
    10.00     		0 0 0
    42 W 39TH STREET
    NEW YORK,NY10018
    2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    NONE
    Total number of other employees paid over $50,000...................bullet  
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    NONE
    Total number of others receiving over $50,000 for professional services.............bullet  
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1 THE FOUNDATION DIRECTS ITS EFFORT SPECIFICALLY TOWARD THE PROMOTION OF AFFORDABLE HOUSING AND RELATED SERVICES TO LOW-INCOME AND OTHERWISE DISADVANTAGED PERSONS LIVING IN THE VICINITY OF THE CITY OF HUDSON NY BY SPONSORING, PLANNING, ACQUIRING, DEVELOPING, RESTORING, OPERATING AND OWNING FEE AND LEASEHOLD PROPERTIES IN THE AREA OF THE CITY OF HUDSON 21,120
    2  
    3  
    4  
    Part IX-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1 N/A  
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet  
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 8
    Part X
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations,see instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    0
    b
    Average of monthly cash balances.......................
    1b
    424,315
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    424,315
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
     
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
     
    3
    Subtract line 2 from line 1d.........................
    3
    424,315
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    6,365
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    417,950
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    20,898
    Part XI
    Distributable Amount bullet
    1
    Minimum investment return from Part X, line 6....................
    1
     
    2a
    Tax on investment income for 2015 from Part VI, line 5......
    2a
     
    b
    Income tax for 2015. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
     
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
     
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
     
    6
    Deduction from distributable amount (see instructions).................
    6
     
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...
    7
     
    Part XII
    Qualifying Distributions (see instructions)
    1
    Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
    a
    Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........
    1a
    21,120
    b
    Program-related investments—total from Part IX-B..................
    1b
     
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
     
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
     
    b
    Cash distribution test (attach the required schedule) .................
    3b
     
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    21,120
    5
    Foundations that qualify under section 4940(e) for the reduced rate of tax on net investment
    income. Enter 1% of Part I, line 27b (see instructions).................
    5
     
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    21,120
    Note: The amount on line 6 will be used in Part V, column (b), in subsequent years when calculating whether the foundation qualifies for
    the section 4940(e) reduction of tax in those years.
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 9
    Part XIII
    Undistributed Income (see instructions)
    (a)
    Corpus     		(b)
    Years prior to 2014     		(c)
    2014     		(d)
    2015
    1 Distributable amount for 2015 from Part XI, line 7  
    2 Undistributed income, if any, as of the end of 2015:
    a Enter amount for 2014 only.......  
    b Total for prior years:20, 20, 20  
    3 Excess distributions carryover, if any, to 2015:
    a From 2010......  
    b From 2011......  
    c From 2012......  
    d From 2013......  
    e From 2014......  
    fTotal of lines 3a through e........  
    4Qualifying distributions for 2015 from Part
    XII, line 4: bullet$ 21,120
    a Applied to 2014, but not more than line 2a  
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		 
    c Treated as distributions out of corpus (Election
    required—see instructions)........     		 
    d Applied to 2015 distributable amount.....  
    e Remaining amount distributed out of corpus 21,120
    5 Excess distributions carryover applied to 2015.    
    (If an amount appears in column (d), the
    same amount must be shown in column (a).)
    6Enter the net total of each column as
    indicated below:
    a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 21,120
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ..........     		 
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		 
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		 
    e Undistributed income for 2014. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		 
    f Undistributed income for 2016. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2015 ..........     		 
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		 
    8Excess distributions carryover from 2010 not
    applied on line 5 or line 7 (see instructions) ...     		 
    9Excess distributions carryover to 2016.
    Subtract lines 7 and 8 from line 6a ......     		 
    10 Analysis of line 9:
    a Excess from 2011....  
    b Excess from 2012....  
    c Excess from 2013....  
    d Excess from 2014....  
    e Excess from 2015....  
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 10
    Part XIV
    Private Operating Foundations (see instructions and Part VII-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2015, enter the date of the ruling.......bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2015 (b) 2014 (c) 2013 (d) 2012
    0       0
    b 85% of line 2a .........          
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		21,120 798,383     819,503
    d Amounts included in line 2c not used directly
    for active conduct of exempt activities ..........     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		21,120 798,383     819,503
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets" alternative test—enter:
    (1) Value of all assets ...... 27,786,215 24,688,748 16,718,059 9,229,729 78,422,751
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		 27,786,215 24,688,748 16,718,059 9,229,729 78,422,751
    b “Endowment" alternative test— enter 2/3
    of minimum investment return shown in
    Part X, line 6 for each year listed...     		         
    c “Support" alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XV
    Supplementary Information (Complete this part only if the organization had $5,000 or more in
    assets at any time during the year—see instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
    GALVAN INITIATIVES FOUNDATION
    42 WEST 39TH ST 14TH FL
    NEW YORK,NY10018
    (212) 292-8400
    bThe form in which applications should be submitted and information and materials they should include:
    SEE STATEMENT FOR LINE 2A
    cAny submission deadlines:
    SEE STATEMENT FOR LINE 2A
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    SEE STATEMENT FOR LINE 2A
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 11
    Part XV
    Supplementary Information (continued)
    3 Grants and Contributions Paid During the Year or Approved for Future Payment
    Recipient If recipient is an individual,
    show any relationship to
    any foundation manager
    or substantial contributor
    		 Foundation
    status of
    recipient     		Purpose of grant or
    contribution     		Amount
    Name and address (home or business)
    aPaid during the year
    A-PLUS GARDEN MAINTENANCE INC
    26 MIDDLE ROAD
    HUDSON,NY12534     		    TREE PLANTING IN HUDSON - CHARITABLE 21,120
    Total .................................bullet 3a 21,120
    bApproved for future payment
    Total .................................bullet 3b  
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 12
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3
    Interest on savings and temporary cash investments ...........     		    14 67,743  
    4 Dividends and interest from securities....          
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....         -313,084
    6
    Net rental income or (loss) from personal property     		         
    7 Other investment income.....          
    8
    Gain or (loss) from sales of assets other than inventory ............     		         
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory..          
    11 Other revenue: a
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e)..   67,743 -313,084
    13Total. Add line 12, columns (b), (d), and (e)..................
    13-245,341
    (See worksheet in line 13 instructions to verify calculations.)
    Part XVI-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to
    the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
    instructions.)
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 13
    Part XVII
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) of the Code (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
    Yes
    No
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash...................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements...........................
    1b(4)
     
    No
    (5) Loans or loan guarantees.............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.

    (a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
    2a
    Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
    described in section 501(c) of the Code (other than section 501(c)(3)) or in section 527?...........
    b
    If "Yes," complete the following schedule.

    (a) Name of organization (b) Type of organization (c) Description of relationship
    Sign Here
    Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
    Bullet Bullet
    May the IRS discuss this return
    with the preparer shown below
    (see instr.)?
    Signature of officer or trustee Date Title
    Paid Preparer Use Only Print/Type preparer's name Preparer's Signature Date PTIN
    Firm's name SmallBullet
    		 Firm's EIN SmallBullet
    Firm's address SmallBullet


    		 Phone no.
    Form 990-PF (2015)
    Additional Data


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description
    Schedule B
    (Form 990, 990-EZ,
    or 990-PF)
    Department of the Treasury
    Internal Revenue Service
    Schedule of Contributors
    Arrow Bullet Attach to Form 990, 990-EZ, or 990-PF.
    Arrow Bullet Information about Schedule B (Form 990, 990-EZ, or 990-PF) and its instructions is at www.irs.gov/form990.
    OMB No. 1545-0047
    2015
    Name of the organization
    GALVAN INITIATIVES FOUNDATION
     
    Employer identification number

    45-4110216
    Organization type (check one):
    Filers of:
    Section:
    Form 990 or 990-EZ





    Form 990-PF




    Check if your organization is covered by the General Rule or a Special Rule.  
    Note. Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
    General Rule
    Special Rules
    ......... Arrow Bullet $  
    Caution. An organization that is not covered by the General Rule and/or the Special Rules does not file Schedule B (Form 990,
    990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its
    Form 990-EZ or on its Form 990PF, Part I, line 2, to certify that it does not meet the filing requirements of Schedule B (Form 990,
    990-EZ, or 990-PF).
    For Paperwork Reduction Act Notice, see the Instructions
    for Form 990, 990-EZ, or 990-PF.
    Cat. No. 30613XSchedule B (Form 990, 990-EZ, or 990-PF) (2015)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2015) Page 2
    Name of organization
    GALVAN INITIATIVES FOUNDATION
          		Employer identification number
    45-4110216
    Part I
    Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    1
     
     

    H VAN AMERINGEN FOUNDATION  
    509 MADISON AVENUE
     
    NEW YORK, NY10022

    		$ 2,900,500


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     

       
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     

       
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     

       
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     

       
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     

       
     
     

    		$  


    (Complete Part II for noncash contributions.)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2015)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2015)
    Page 3
    Name of organization
    GALVAN INITIATIVES FOUNDATION
          		Employer identification number

    45-4110216
    Part II
    Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
    (a)
    No.from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    (a)
    No.from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    (a)
    No.from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    (a)
    No.from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    (a)
    No.from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    (a)
    No.from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    Schedule B (Form 990, 990-EZ, or 990-PF) (2015)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2015)
    Page 4
    Name of organization
    GALVAN INITIATIVES FOUNDATION
          		Employer identification number

    45-4110216
    Part III
    Exclusively religious, charitable, etc., contributions to organizations described in section 501(c)(7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) Arrow Bullet$  
    Use duplicate copies of Part III if additional space is needed.
    (a)
    No.from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No.from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No.from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No.from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    Schedule B (Form 990, 990-EZ, or 990-PF) (2015)

    Additional Data


    Software ID:  
    Software Version:  

    TY 2015 AccountingFeesSchedule
    Name:
    GALVAN INITIATIVES FOUNDATION
    EIN:
    45-4110216
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING - AUDIT 13,360   13,360  

    Note: To capture the full content of this document, please select landscape mode (11" x 8.5") when printing.

    TY 2015 DepreciationSchedule
    Name:
    GALVAN INITIATIVES FOUNDATION
    EIN:
    45-4110216
    Description of Property Date Acquired Cost or Other Basis Prior Years' Depreciation Computation Method Rate /
    Life (# of years)    		 Current Year's Depreciation Expense Net Investment Income Adjusted Net Income Cost of Goods Sold Not Included
    61-63 NORTH 7TH STREET 2012-12-21 128,159 9,321 S/L 27.5000 4,660 4,660 4,660  
    61-63 NORTH 7TH STR IMPRO 2012-12-21 485 35 S/L 27.5000 18 18 18  
    61-63 NORTH 7TH ST IMPROV 2012-12-21 283 21 S/L 27.5000 10 10 10  
    61-63 NORTH 7TH LAND 2012-12-21 21,535              
    20 IMPROVEMENTS 2012-12-21 2,537 189 S/L 27.5000 92 92 92  
    27 IMPROVEMENTS 2012-12-21 1,250 93 S/L 27.5000 45 45 45  
    29 IMPROV 2012-12-21 1,201 89 S/L 27.5000 44 44 44  
    30 IMPROV 2012-12-21 150 11 S/L 27.5000 5 5 5  
    31 IMPROV 2012-12-21 5,575 413 S/L 27.5000 203 203 203  
    33 IMPROV 2012-12-21 5,599 416 S/L 27.5000 204 204 204  
    43 IMPROV 2012-12-21 2,122 157 S/L 27.5000 77 77 77  
    44 IMPROV 2012-12-21 790 58 S/L 27.5000 29 29 29  
    45 IMPROV 2012-12-21 4,514 335 S/L 27.5000 164 164 164  
    46 IMPROV 2012-12-21 4,533 337 S/L 27.5000 165 165 165  
    47 IMPROV 2012-12-21 440,662 32,718 S/L 27.5000 16,024 16,024 16,024  
    58 IMPROV 2012-12-21 7,149 531 S/L 27.5000 260 260 260  
    63 IMPROV 2012-12-21 97,595 7,246 S/L 27.5000 3,549 3,549 3,549  
    68 IMPROV 2012-12-21 92,495 6,868 S/L 27.5000 3,363 3,363 3,363  
    76 IMPROV 2012-12-21 3,283 244 S/L 27.5000 119 119 119  
    85 IMPROV 2012-12-21 40,735 3,025 S/L 27.5000 1,481 1,481 1,481  
    86 IMPROV 2012-12-21 6,944 516 S/L 27.5000 253 253 253  
    94 IMPROV 2012-12-21 14,051 1,043 S/L 27.5000 511 511 511  
    98 IMPROV 2012-12-21 172,978 12,843 S/L 27.5000 6,290 6,290 6,290  
    100 IMPROV 2012-12-21 151,947 11,282 S/L 27.5000 5,525 5,525 5,525  
    32 INPROV 2012-12-21 2,379 177 S/L 27.5000 87 87 87  
    IMPROVEMENTS 2012-12-30 9,100 676 S/L 27.5000 331 331 331  
    IMPROVEMENTS 2013-06-30 800 45 S/L 27.5000 29 29 29  
    LAND 2013-06-30 10,978              
    BUILDING 2013-06-30 98,802   S/L 27.5000        
    IMPROVEMENTS 2013-12-01 11,498   S/L 27.5000        
    BUILDING 2014-04-02 8,125   S/L 27.5000        
    IMPROVEMENTS 2014-06-30 1,351   S/L 27.5000        
    IMPROVEMENTS 2015-12-31 1,655   S/L 27.5000        
    IMPROVEMENTS 2014-06-30 9,849   S/L 27.5000        
    BUILDING 2015-01-01 304,200   S/L 27.5000        
    LAND 2015-01-01 33,800              
    IMPROVMENTS 2015-01-01 18,631   S/L 27.5000        
    IMPROVEMENTS 2015-12-31 12,422   S/L 27.5000        
    IMPROVEMENTS 2015-12-31 2,498   S/L 27.5000        
    501 UNIONSTBUILDING BUILD 2012-12-21 259,129 394 S/L 27.5000        
    501 UNIONST BUILD IMPROV 2012-12-21 39,400 60 S/L 27.5000        
    501 UNION ST BUILD LAND 2012-12-21 30,000              
    IMPROVEMENTS 2012-12-30 22,293 34 S/L 27.5000        
    IMPROVEMENT 2013-06-30 144,604   S/L 27.5000        
    IMPROVEMENTS 2014-06-30 13,691   S/L 27.5000        
    IMPROVEMENTS 2015-12-31 15,734   S/L 27.5000        
    238 ALLEN STREET BUILD 2012-12-21 56,259 86 S/L 27.5000        
    238 ALLEN STREET LAND 2012-12-21 5,000              
    IMPROVEMENTS 2012-12-30 3,571 5 S/L 27.5000        
    IMPROVEMENT 2013-06-30 3,437   S/L 27.5000        
    IMPROVEMENTS 2014-06-30 4,904   S/L 27.5000        
    IMPROVEMENTS 2015-08-26 7,500   S/L 27.5000        
    IMPROVEMENTS 2015-12-31 6,051   S/L 27.5000        
    250 ALLEN ST BUILD 2012-12-21 69,326 105 S/L 27.5000        
    250 ALLEN ST LAND 2012-12-21 5,000              
    IMPROVEMENTS 2012-12-30 7,142 11 S/L 27.5000        
    IMPROVEMENT 2013-06-30 8,553   S/L 27.5000        
    IMPROVEMENTS 2014-06-30 9,923   S/L 27.5000        
    IMPROVEMENTS 2015-12-31 9,178   S/L 27.5000        
    61-71 NORTH 5TH ST BUILD 2012-12-21 433,149 16,419 S/L 39.0000 11,106 11,106 11,106  
    61-71 NORTH 5TH ST LAND 2012-12-21 50,000              
    70-72 NORTH 5TH ST BUILD 2012-12-21 78,475 119 S/L 27.5000        
    70-72NORTH 5TH ST LAND 2012-12-21 5,000              
    IMPROVEMENTS 2012-12-30 4,111 6 S/L 27.5000        
    IMPROVEMENTS 2013-06-30 4,760   S/L 27.5000        
    IMPROVEMENTS 2014-06-30 41,923   S/L 27.5000        
    70-72 2015-12-31 6,770   S/L 27.5000 10 10 10  
    68 SOUTH 2ND ST BUILD 2012-12-21 114,696 119 S/L 27.5000        
    68 SOUTH 2ND ST LAND 2012-12-21 25,000              
    IMPROVEMENTS 2012-12-30 9,957 15 S/L 27.5000        
    IMPROVEMENTS 2013-06-30 3,784   S/L 27.5000        
    IMPROVEMENTS 2014-06-30 9,280   S/L 27.5000        
    IMPROVEMENTS 2015-06-21 4,072   S/L 27.5000        
    IMPROVEMENTS 2015-12-31 5,106   S/L 27.5000        
    400 STATE ST BUILD 2012-12-21 439,058 16,633 S/L 27.5000 15,966 15,966 15,966  
    400 STATE ST LAND 2012-12-21 50,000              
    IMPROVEMENTS 2012-12-30 3,657 139 S/L 27.5000 133 133 133  
    IMPROVEMENTS 2013-06-30 33,607 1,222 S/L 27.5000 1,222 1,222 1,222  
    113 UNION STREET BUILD 2012-12-21 144,896 10,758 S/L 27.5000 5,269 5,269 5,269  
    113 UNION STREET LAND 2012-12-21 15,000              
    IMPROVEMENTS 2012-12-30 7,597 565 S/L 27.5000 276 276 276  
    IMPROVEMENTS 2013-06-30 76,148 4,269 S/L 27.5000 2,769 2,769 2,769  
    IMPROVEMENTS 2014-11-05 28,350 129 S/L 27.5000 1,031 1,031 1,031  
    215-217 UNION ST BUILD 2012-12-21 102,013 155 S/L 27.5000        
    215-217 UNION ST LAND 2012-12-21 5,000              
    IMPROVEMENTS 2012-12-30 3,594 5 S/L 27.5000        
    IMPROVEMENTS 2013-06-30 96,615   S/L 27.5000        
    238 UNION ST BUILD 2012-12-21 134,092 5,080 S/L 27.5000        
    238 UNION ST LAND 2012-12-21 25,000              
    IMPROVEMENTS 2012-12-30 8,699 329 S/L 27.5000        
    IMPROVEMENTS 2013-06-30 7,355 267 S/L 27.5000        
    IMPROVEMENTS 2015-12-31 9,466   S/L 27.5000        
    25 UNION ST BUILD 2012-12-21 150,000 228 S/L 27.5000        
    25 UNION ST LAND 2012-12-21 25,000              
    IMPROVEMENTS 2012-12-30 6,279 10 S/L 27.5000        
    IMPROVEMENTS 2013-06-30 839   S/L 27.5000        
    IMPROVEMENTS 2014-06-30 8,891   S/L 27.5000        
    IMPROVEMENTS 2015-12-31 8,839   S/L 27.5000        
    251-253 UNION ST BUILD 2012-12-21 200,000 14,849 S/L 27.5000 7,273 7,273 7,273  
    251-253 UNION ST LAND 2012-12-21 49,000              
    IMPROVEMENTS 2012-12-30 4,970 369 S/L 27.5000 181 181 181  
    IMPROVEMENTS 2013-06-30 1,427 80 S/L 27.5000 52 52 52  
    438 UNION ST BUILD 2012-12-21 165,000 251 S/L 27.5000        
    438 UNION ST LAND 2012-12-21 20,000              
    IMPROVEMENTS 2012-12-30 11,280 17 S/L 27.5000        
    IMPROVEMENTS 2013-06-30 6,734   S/L 27.5000        
    IMPROVEMENTS 2014-06-30 9,122   S/L 27.5000        
    IMPROVEMENTS 2015-12-31 8,542   S/L 27.5000        
    9 UNION ST BUILD 2012-12-21 187,976 13,957 S/L 27.5000 6,835 6,835 6,835  
    9 UNION ST IMPROV 2012-12-21 75,277 5,589 S/L 27.5000 2,737 2,737 2,737  
    9 UNION ST LAND 2012-12-21 20,000              
    IMPROVEMENTS 2013-06-30 75 4 S/L 27.5000 3 3 3  
    412-416 WARREN ST BUILD 2012-12-21 360,526 28,711 S/L 27.5000 13,110 13,110 13,110  
    412 WARREN ST IMPROV 2012-12-21 19,358 1,437 S/L 27.5000 704 704 704  
    412 WARREN ST IMPROV 2012-12-21 11,283 838 S/L 27.5000 410 410 410  
    412 WARREN ST IMPROV 2012-12-21 3,867 287 S/L 27.5000 141 141 141  
    412 WARREN ST IMPROV 2012-12-21 8,653 642 S/L 27.5000 315 315 315  
    IMPROVEMENTS 2012-12-30 51,097 3,794 S/L 27.5000 1,858 1,858 1,858  
    IMPROVEMENTS 2013-06-30 6,897 387 S/L 27.5000 250 250 250  
    LAND 2012-12-21 51,297              
    102-104 UNION ST BUILD 2012-12-21 45,711 3,393 S/L 27.5000 1,663 1,663 1,663  
    102-104 UNION ST BUILD 2012-12-21 531 40 S/L 27.5000 19 19 19  
    102-104 UNION ST IMPROV 2012-12-21 414,133 30,748 S/L 27.5000 15,059 15,059 15,059  
    102-104 UNION ST IMPROV 2012-12-21 182,866 13,577 S/L 27.5000 6,650 6,650 6,650  
    102-104 UNION ST LAND 2012-12-21 7,550              
    IMPROVEMENTS 2013-06-30 2,869 161 S/L 27.5000 104 104 104  
    213 UNION ST BUILD 2012-12-21 211,743 8,022 S/L 27.5000 7,700 7,700 7,700  
    213 UNION ST LAND 2012-12-21 20,000              
    IMPROVEMENTS 2013-06-30 17,538 638 S/L 27.5000 638 638 638  
    34-36 SOUTH 2ND ST BUILD 2012-12-21 127,596 9,474 S/L 27.5000 4,640 4,640 4,640  
    34-36 SOUTH 2ND ST IMPROV 2012-12-21 8,476 629 S/L 27.5000 309 309 309  
    34-36 SOUTH 2ND ST IMPROV 2012-12-21 180,620 13,411 S/L 27.5000 6,568 6,568 6,568  
    34-36 SOUTH 2ND ST LAND 2012-12-21 20,000              
    IMPROVEMENTS 2013-06-30 5,492 308 S/L 27.5000 200 200 200  
    211 UNION ST BUILD 2012-12-21 195,517 14,516 S/L 27.5000 7,110 7,110 7,110  
    211 UNION ST IMPROV 2012-12-21 7,474 555 S/L 27.5000 271 271 271  
    211 UNION ST IMPROV 2012-12-21 2,635 196 S/L 27.5000 95 95 95  
    211 UNION ST IMPROV 2012-12-21 8,624 640 S/L 27.5000 314 314 314  
    211 UNION ST IMPROV 2012-12-21 9,241 686 S/L 27.5000 336 336 336  
    209-211UNION ST IMPROV 2012-12-21 505,208 40,582 S/L 27.5000 18,371 18,371 18,371  
    IMPROVEMENTS 2013-06-30 1,150 64 S/L 27.5000 42 42 42  
    LAND 2012-12-21 81,094              
    317 WARREN ST BUILD 2012-12-21 151,802 11,271 S/L 27.5000 5,520 5,520 5,520  
    317 WARREN ST BUILD 2012-12-21 2,195 163 S/L 27.5000 79 79 79  
    317 WARREN ST IMPROV 2012-12-21 30,587 2,271 S/L 27.5000 1,112 1,112 1,112  
    317 WARREN ST IMPROV 2012-12-21 4,248 315 S/L 27.5000 154 154 154  
    317 WARREN ST IMPROV 2012-12-21 101,599 7,543 S/L 27.5000 3,695 3,695 3,695  
    317 WARREN ST LAND 2012-12-21 23,000              
    346 WARREN ST BUILD 2012-12-21 264,273 19,622 S/L 27.5000 9,610 9,610 9,610  
    346 WARREN ST LAND 2012-12-21 30,000              
    22-24 WARREN ST BUILD 2012-12-21 101,500 154 S/L 27.5000        
    22-24 WARREN ST LAND 2012-12-21 20,000              
    IMPROVEMENTS 2013-06-30 19,308   S/L 27.5000        
    IMPROVEMENTS 2014-06-30 18,521 365 S/L 27.5000        
    IMPROVEMENTS 2015-12-31 20,515   S/L 27.5000        
    BUILDING 2012-11-15 135,000 11,047 S/L 27.5000 4,909 4,909 4,909  
    IMPROVEMENTS 2013-06-30 21,191 1,188 S/L 27.5000 771 771 771  
    LAND 2012-11-15 15,000              
    IMPROVEMENTS 2013-06-30 430,298   S/L 27.5000        
    HUDSON AVE (LITTLE LEAGUE 2012-09-11 60,000              
    IMPROVEMENTS 2012-12-30 1,611 2 S/L 27.5000        
    IMPROVEMENTS 2012-12-30 14,135 514 S/L 27.5000        
    IMPROVEMENTS 2013-06-30 3,952 144 S/L 27.5000        
    LAND 2015-12-31 1,514              
    LAND 2015-12-31 2,972              
    IMPROVEMENTS 2012-12-30 382 1 S/L 27.5000        
    IMPROVEMENTS 2013-06-30 492   S/L 27.5000        
    IMPROVEMENTS 2014-06-30 510   S/L 27.5000        
    IMPROVEMENTS 2015-12-31 649   S/L 27.5000        
    BUILDING 2013-08-28 115,500 5,775 S/L 27.5000 4,200 4,200 4,200  
    IMPROVEMENTS 2013-08-28 11,600 580 S/L 27.5000 422 422 422  
    LAND 2013-08-28 12,000              
    BUILDING 2015-01-12 129,048   S/L 27.5000 4,497 4,497 4,497  
    LAND 2015-01-12 16,061              
    IMPROVEMENTS 2013-01-01 19,071 1,358 S/L 27.5000 694 694 694  
    IMPROVEMENTS 2013-06-30 338,452 19,582 S/L 27.5000 12,307 12,307 12,307  
    LAND 2013-06-30 30,877              
    IMPROVEMENTS 2012-12-31 66,467 4,968 S/L 27.5000 2,417 2,417 2,417  
    IMPROVEMENTS 2013-06-30 131,800 7,997 S/L 27.5000 4,793 4,793 4,793  
    BUILDING 2013-01-01 277,000 19,726 S/L 27.5000 10,072 10,072 10,072  
    IMPROVEMENTS 2013-06-30 3,583 201 S/L 27.5000 130 130 130  
    LAND 2013-01-01 30,000 1,091 S/L 27.5000 1,091 1,091 1,091  
    BUILDING DEPOSIT 2015-07-22 6,450   S/L 27.5000 108 108 108  
    BUILDING 2013-01-01 140,700   S/L 27.5000        
    IMPROVEMENTS 2013-06-30 2,258   S/L 27.5000        
    LAND 2013-01-01 15,000              
    IMPROVEMENTS 2014-06-30 8,626   S/L 27.5000        
    IMPROVEMENTS 2015-12-31 11,640   S/L 27.5000        
    IMPROVEMENTS 2013-01-01 296,611 22,255 S/L 27.5000 10,786 10,786 10,786  
    IMPROVEMENTS 2013-06-30 102,176 5,728 S/L 27.5000 3,716 3,716 3,716  
    LAND 2013-01-01 32,500              
    IMPROVEMENTS 2015-11-02 6,000   S/L 27.5000 27 27 27  
    BUILDING 2013-01-01 180,000   S/L 27.5000        
    IMPROVEMENTS 2013-06-30 10,538   S/L 27.5000        
    LAND 2013-01-01 20,000     27.5000        
    IMPROVEMENTS 2014-08-21 352   S/L 27.5000        
    IMPROVEMENTS 2014-06-30 12,991   S/L 27.5000        
    IMPROVEMENTS 2015-12-31 11,265   S/L 27.5000        
    BUILDING 2013-01-01 300,000   S/L 27.5000        
    IMPROVEMENTS 2013-06-30 234,125   S/L 27.5000        
    LAND 2013-01-01 20,000     27.5000        
    IMPROVEMENTS 2015-12-31 3,867   S/L 27.5000        
    BUILDING 2013-01-01 70,000   S/L 27.5000        
    LAND 2013-01-01 5,000              
    IMPROVEMENTS 2013-06-30 6,378   S/L 27.5000        
    IMPROVEMENTS 2014-06-30 16,650   S/L 27.5000        
    IMPROVEMENTS 2015-12-31 3,363   S/L 27.5000        
    DEPOSIT 2014-01-10 40,000              
    BUILDING 2014-01-10 412,710   S/L 27.5000        
    IMPROVEMENTS 2014-06-30 9,709   S/L 27.5000        
    IMPROVEMENTS 2015-12-31 19,233   S/L 27.5000        
    IMPROVEMENTS 2013-08-14 84,250   S/L 27.5000        
    LAND 2014-08-11 157,500              
    BUILDING 2014-08-11 1,426,324 13,715 S/L 39.0000 36,572 36,572 36,572  
    IMPROVEMENTS 2014-12-01 42,818 46 S/L 39.0000 1,098 1,098 1,098  
    BUILDING 2014-12-01 332,987 505 S/L 27.5000 12,108 12,108 12,108  
    LAND 2014-06-30 35,000              
    BUILDING 2015-08-01 217,731   S/L 27.5000 2,969 2,969 2,969  
    LAND 2014-08-11 15,000              
    BUILDING 2014-08-11 137,839 1,325 S/L 39.0000 3,535 3,535 3,535  
    IMPROVMENTS 2014-06-30 68,280   S/L 27.5000        
    BUILDING 2015-01-01 401,247   S/L 27.5000        
    IMPROVEMENTS 2015-01-01 4,948   S/L 27.5000        
    BUILDING - DEPOSIT 2015-05-27 25,000   S/L 27.5000 568 568 568  
    BUILDING 2015-06-12 201,127   S/L 27.5000 3,962 3,962 3,962  
    LAND 2015-06-12 25,000              
    BUILDING 2015-05-28 31,250   S/L 27.5000 710 710 710  
    BUILDING 2015-07-24 250,000   S/L 27.5000 4,167 4,167 4,167  
    IMPROVEMENTS 2015-08-07 2,606   S/L 27.5000 36 36 36  
    LAND 2015-07-24 31,250              
    IMPROVEMENTS 2015-12-01 14,400   S/L 27.5000 22 22 22  
    IMPROVEMENTS 2015-09-17 126,921   S/L 27.5000 1,346 1,346 1,346  
    LAND 2015-06-11 13,500              
    BUILDING 2015-06-16 30,500   S/L 27.5000        
    BUILDING 2015-08-13 249,294   S/L 27.5000        
    LAND 2015-08-13 30,500              
    BUILDING 2015-08-27 7,500   S/L 27.5000 102 102 102  
    BUILDING 2015-10-12 62,061   S/L 27.5000 470 470 470  
    LAND 2015-10-12 7,500              
    BUILDING 2015-12-09 45,000   S/L 27.5000        
    IMPROVEMENTS 2015-12-31 1,326   S/L 27.5000        
    IMPROVEMENTS 2015-12-31 4,468   S/L 27.5000        
    IMRPOVEMENTS 2015-12-31 5,085   S/L 27.5000        
    IMPROVEMENTS 2015-12-31 3,341   S/L 27.5000        
    IMPROVEMENTS 2015-12-31 40,518   S/L 27.5000        
    IMPROVEMENTS 2015-12-31 46,454   S/L 27.5000        
    LAND 2015-11-30 108,000              
    LAND 2015-12-31 3,877              
    LAND 2015-12-31 1,605              
    LAND 2015-12-31 707              
    DEPOSIT 2015-11-17 55,000   S/L 27.5000        
    DOWN PAYMENT 2015-11-24 30,500   S/L 27.5000        
    LAND 2015-12-31 20,000              
    IMPROVEMENTS 2015-12-31 534,125   S/L 27.5000        
    LAND 2015-12-31 35,000              
    IMPROVEMENTS 2015-12-31 587,298   S/L 27.5000        
    2012 CHRYSLER 200 2012-01-18 22,734 11,954 200DB 5.0000 1,667   1,667  
    TO MATCH BOOK BALANCE     1,853            
    FORD F-150 2015-01-13 35,448   200DB 5.0000 7,090   7,090  
    LAWN MOWER 2015-04-06 6,469   200DB 5.0000 1,294   1,294  
    AIR COMPRESSOR 2015-11-30 3,500   200DB 5.0000 700   700  
    DIORAMAS 2015-09-18 5,000   S/L 5.0000 250   250  

    TY 2015 LandEtcSchedule2
    Name:
    GALVAN INITIATIVES FOUNDATION
    EIN:
    45-4110216
    Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
      17,267,764 850,979 16,416,785 17,267,764
    AUTO 58,181 22,563 35,618 58,181
    CIP 2,161,706   2,161,706 2,161,706
    COMPUTERS & EQUIPMENT 9,969 1,994 7,975 9,969
    FURNITURE & FIXTURES 5,000 250 4,750 5,000
      1,743,254   1,743,254 1,743,254


    TY 2015 LegalFeesSchedule
    Name:
    GALVAN INITIATIVES FOUNDATION
    EIN:
    45-4110216
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
      53,558   53,558  
    620 UNION 348   348  
    UNION STREET (251-253) 1,350 1,350 1,350  
    UNION STREET (213) 450 450 450  
    UNION STREET(27) 150 150 150  
    UNION STREET (255-259) 2,925 2,925 2,925  
    ALLEN (229) 2,162 2,162 2,162  
    UNION (229) 1,598 1,598 1,598  
    ALLEN (233-235) 2,846 2,846 2,846  
    ROBINSON (211) 2,513 2,513 2,513  
    26-30 ALLEN 734 734 734  
    723 WARREN 1,421 1,421 1,421  


    TY 2015 OtherAssetsSchedule
    Name:
    GALVAN INITIATIVES FOUNDATION
    EIN:
    45-4110216
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    ESCROW DEPOSITS 3,870 8,384 8,384
    PREPAID EXPENSES 11,525 1,025 1,025
    UTILITY DEPOSIT 12,505 9,198 9,198


    TY 2015 OtherExpensesSchedule
    Name:
    GALVAN INITIATIVES FOUNDATION
    EIN:
    45-4110216
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    NORTH 7TH STREET (61-63)        
    UTILITIES 1,328 1,328 1,328  
    LANDSCAPING & SNOW REMOVAL 360 360 360  
    REPAIRS & MAINTENANCE 4,179 4,179 4,179  
    PROPERTY INSURANCE 584 584 584  
    NORTH 5TH STREET (67-71)        
    REPAIRS & MAINTENANCE 5,272 5,272 5,272  
    LANDSCAPING & SNOW REMOVAL 360 360 360  
    PRINTING & REPRODUCTION 75 75 75  
    PROPERTY INSURANCE 4,371 4,371 4,371  
    NORTH 5TH STREET (76-78)        
    UTILITIES        
    REPAIRS & MAINTENANCE        
    LANDSCAPING & SNOW REMOVAL        
    STATE STREET (400)        
    LANDSCAPING & SNOW REMOVAL 560 560 560  
    REPAIRS & MAINTENANCE 6,747 6,747 6,747  
    UTILITIES 492 492 492  
    TELEPHONE EXPENSE 2,296 2,296 2,296  
    PRINTING & REPRODUCTION 44 44 44  
    PROPERTY INSURANCE 6,048 6,048 6,048  
    UNION STREET (113)        
    UTILITIES 840 840 840  
    REPAIRS & MAINTENANCE 4 4 4  
    LANDSCAPING & SNOW REMOVAL 360 360 360  
    PROPERTY INSURANCE 1,383 1,383 1,383  
    UNION STREET (123)        
    REPAIRS & MAINTENANCE        
    UTILITIES        
    LANDSCAPING & SNOW REMOVAL        
    UNION STREET (238)        
    LANDSCAPING & SNOW REMOVAL        
    REPAIRS & MAINTENANCE        
    UTILITIES        
    UNION STREET (251-253)        
    LANDSCAPING & SNOW REMOVAL 360 360 360  
    REPAIRS & MAINTENANCE 1,925 1,925 1,925  
    UTILITIES 840 840 840  
    PROPERTY INSURANCE 1,031 1,031 1,031  
    UNION STREET (9)        
    UTILITIES 420 420 420  
    REPAIRS & MAINTENANCE 4,900 4,900 4,900  
    LANDSCAPING & SNOW REMOVAL        
    PROPERTY INSURANCE 1,384 1,384 1,384  
    WARREN STREET (412)        
    BANK CHARGES 20 20 20  
    REPAIRS & MAINTENANCE 10,046 10,046 10,046  
    LANDSCAPING & SNOW REMOVAL 560 560 560  
    COMMISIONS 750 750 750  
    UTILITIES 13,019 13,019 13,019  
    PROPERTY INSURANCE 3,821 3,821 3,821  
    UNION STREET (102-104)        
    REPAIRS & MAINTENANCE 1,497 1,497 1,497  
    LANDSCAPING & SNOW REMOVAL        
    COMMISIONS        
    PROPERTY INSURANCE 2,569 2,569 2,569  
    UNION STREET (213)        
    LANDSCAPING & SNOW REMOVAL 360 360 360  
    REPAIRS & MAINTENANCE        
    UTILITIES 3,047 3,047 3,047  
    PROPERTY INSURANCE 1,441 1,441 1,441  
    SOUTH 2ND STREET (34-36)        
    REPAIRS & MAINTENANCE 3,163 3,163 3,163  
    UTILITIES 1,926 1,926 1,926  
    LANDSCAPING & SNOW REMOVAL        
    PROPERTY INSURANCE 1,278 1,278 1,278  
    UNION STREET (211-209)        
    UTILITIES 283 283 283  
    REPAIRS & MAINTENANCE 90 90 90  
    LANDSCAPING & SNOW REMOVAL        
    PROPERTY INSURANCE 3,121 3,121 3,121  
    WARREN STREET (317)        
    LANDSCAPING & SNOW REMOVAL 360 360 360  
    REPAIRS & MAINTENANCE        
    UTILITIES 420 420 420  
    PROPERTY INSURANCE 1,974 1,974 1,974  
    WARREN STREET (346)        
    REPAIRS & MAINTENANCE 2,576 2,576 2,576  
    LANDSCAPE RECOVERY 360 360 360  
    UTILITIES 6,220 6,220 6,220  
    PROPERTY INSURANCE 3,011 3,011 3,011  
    NORTH 5TH STREET (76-78)        
    REPAIRS & MAINTENANCE 3,554 3,554 3,554  
    LANDSCAPING & SNOW REMOVAL 360 360 360  
    UTILITIES 420 420 420  
    PROPERTY INSURANCE 1,408 1,408 1,408  
    HUDSON AVE ( LITTLE LEAGUE)        
    LANDSCAPING & SNOW REMOVAL        
    REPAIRS & MAINTENANCE 4,525 4,525 4,525  
    PRINTING & REPRODUCTION 1,250 1,250 1,250  
    PROPERTY INSURANCE 518 518 518  
    75 NORTH 7TH STREET(75)        
    REPAIRS & MAINTENANCE 575 575 575  
    LANDSCAPING & SNOW REMOVAL 560 560 560  
    UTILITIES 420 420 420  
    PROPERTY INSURANCE 1,028 1,028 1,028  
    NORTH 5TH ST HOUSE 2(61-65)        
    REPAIRS & MAINTENANCE 225 225 225  
    UTILITIES 158 158 158  
    PROPERTY INSURANCE 2,459 2,459 2,459  
    UNION STREET(27)        
    UTILITIES 420 420 420  
    REPAIRS & MAINTENANCE 13,375 13,375 13,375  
    LANDSCAPING & SNOW REMOVAL        
    PROPERTY INSURANCE 1,460 1,460 1,460  
    UNION STREET (119-123)        
    REPAIRS & MAINTENANCE 462 462 462  
    LANDSCAPING & SNOW REMOVAL 360 360 360  
    UTILITIES 4,648 4,648 4,648  
    PROPERTY INSURANCE 2,508 2,508 2,508  
    WARREN STREET(364)        
    LANDSCAPING & SNOW REMOVAL        
    UTILITIES        
    NORTH 7TH AVENUE(75)        
    LANDSCAPING & SNOW REMOVAL        
    REPAIRS & MAINTENANCE        
    UTILITIES        
    412 WARREN STREET        
    UTILITIES        
    REPAIRS & MAINTENANCE        
    LANDSCAPING & SNOW REMOVAL        
    364 WARREN STREET        
    LANDSCAPING & SNOW REMOVAL        
    REPAIRS & MAINTENANCE        
    UTILITIES        
    WARREN STREET (11)        
    REPAIRS & MAINTENANCE 2,910 2,910 2,910  
    LANDSCAPING & SNOW REMOVAL 1,400 1,400 1,400  
    EQUIPMENT RENTAL 1,256 1,256 1,256  
    UTILITIES 4,573 4,573 4,573  
    SECURITY 812 812 812  
    INSURANCE 10,196 10,196 10,196  
    PRINTING & REPRODUCTION 1,751 1,751 1,751  
    MISC. TAXES, LICENSES & PERMI 25 25 25  
    UNION STREET (255-259)        
    COMMISIONS 7,964 7,964 7,964  
    LANDSCAPING & SNOW REMOVAL 480 480 480  
    UTILITIES 7,260 7,260 7,260  
    PROPERTY INSURANCE 1,932 1,932 1,932  
    SOUTH 3RD ST(40) SALV ARMY        
    UTILITIES 1,355 1,355 1,355  
    LANDSCAPING & SNOW REMOVAL        
    PROPERTY INSURANCE 234 234 234  
    ALLEN (229)        
    UTILITIES 229 229 229  
    PROPERTY INSURANCE 1,011 1,011 1,011  
    REPAIRS & MAINTENANCE 2,931 2,931 2,931  
    LANDSCAPING & SNOW REMOVAL 260 260 260  
    UTILITIES - 449 1,957 1,957 1,957  
    UNION (229)        
    UTILITIES 746 746 746  
    PROPERTY INSURANCE 667 667 667  
    UNION (357)        
    REPAIRS & MAINTENANCE 1,323 1,323 1,323  
    UTILITIES 783 783 783  
    PROPERTY INSURANCE 422 422 422  
    ALLEN (233-235)        
    REPAIRS & MAINTENANCE 216 216 216  
    UTILITIES 1,274 1,274 1,274  
    PROPERTY INSURANCE 580 580 580  
    ROBINSON (211)        
    UTILITIES 427 427 427  
    202-204 WARREN        
    RENT - 202-204 WARREN 6,311 6,311 6,311  
    EXPENSES        
    BANK CHARGES 6,152   6,152  
    CREDIT CARD FEES        
    PAYROLL PROCESSING FEES 2,737   2,737  
    TELEPHONE EXPENSE 3,395   3,395  
    AUTOMOBILE        
    LICENSES & PERMITS 3,222   3,222  
    OFFICE SUPPLIES 5,772   5,772  
    POSTAGE & DELIVERY 2,997   2,997  
    BAD DEBT - GROSS TENANT RENTS        
    ADVERTISING 606   606  
    DUES& SUB        
    REPAIRS & MAINTENANCE 42,640   42,640  
    UTILITIES        
    EQUIPMENT RENTAL 46   46  
    LANDSCAPING & SNOW REMOVAL 360   360  
    WASTE REMOVAL        
    COMMISIONS        
    INSURANCE EXPENSE 44,734   44,734  
    CONFERENCE & TRAINING 49   49  
    MISCELLANEOUS 1,312   1,312  
    PROPERTY INSURANCE CREDIT - 6 -8,844   -8,844  


    TY 2015 OtherLiabilitiesSchedule
    Name:
    GALVAN INITIATIVES FOUNDATION
    EIN:
    45-4110216
    Description Beginning of Year - Book Value End of Year - Book Value
    DUE TO RELATED PARTIES   434,979


    TY 2015 OtherNotesLoansRcvblShortSch2
    Name:
    GALVAN INITIATIVES FOUNDATION
    EIN:
    45-4110216
    Name of 501(c)(3) Organization Balance Due
    LOAN RECEIVABLE TWAIN INVEST
          		6,668,147


    TY 2015 OtherProfessionalFeesSchedule
    Name:
    GALVAN INITIATIVES FOUNDATION
    EIN:
    45-4110216
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    MANAGEMENT FEES 265,936   265,936  
    CONSULTING 58,184   58,184  
    NORTH 7TH STREET (61-63) 1,395      
    WARREN STREET (11) 9,208      
    UNION (357) 1,500      


    TY 2015 TaxesSchedule
    Name:
    GALVAN INITIATIVES FOUNDATION
    EIN:
    45-4110216
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    NORTH 7TH STREET (61-63) 7,477      
    NORTH 5TH STREET (67-71) 6,414      
    STATE STREET (400) 25      
    UNION STREET (113) 8,669      
    UNION STREET (251-253) 7,833      
    UNION STREET (9) 10,602      
    WARREN STREET (412) 19,251      
    UNION STREET (102-104) 21,248      
    UNION STREET (213) 7,761      
    SOUTH 2ND STREET (34-36) 10,681      
    UNION STREET (211-209) 18,407      
    WARREN STREET (317) 11,596      
    WARREN STREET (346) 12,842      
    NORTH 5TH STREET (76-78) 4,557      
    HUDSON AVE ( LITTLE LEAGUE) 4,646      
    75 NORTH 7TH STREET(75) 3,383      
    NORTH 5TH ST HOUSE 2(61-65) 7,043      
    UNION STREET(27) 8,402      
    UNION STREET (119-123) 11,596      
    WARREN STREET (11) 50,428      
    UNION STREET (255-259) 7,610      
    SOUTH 3RD ST(40) SALV ARMY 3,052      
    ALLEN (229) 5,532      
    UNION (229) 3,312