Michael T And Majorie V Gasparik Foundation
- Assets
- $2.1m
- Revenue
- $121.5k
- Investments
- $2.1m
- Employees
- 0
- Location
- West Caldwell, NJ
- Founding
- 09/2010
- Data as of
- 12/2023
- EIN
- 80-0505553
Organization Overview
Michael T And Majorie V Gasparik Foundation is located in West Caldwell, NJ. The organization was established in 2010. According to its NTEE Classification (G83) the organization is classified as: Alzheimers Disease, under the broad grouping of Voluntary Health Associations & Medical Disciplines and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Michael T And Majorie V Gasparik Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Michael T And Majorie V Gasparik Foundation generated $121.5k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 21.1% each year . All expenses for the organization totaled $190.5k during the year ending 12/2023. While expenses have increased by 30.1% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Michael T And Majorie V Gasparik Foundation has awarded 49 individual grants totaling $967,000. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Donna O'connor Secretary | 1 | $0 | |
Philip Kinzel Member | 0 | $0 | |
Helen Younger Vice President | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $17,556 |
| Dividends & Interest | $32,169 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $70,652 |
| Capital Gain Net Income | $70,652 |
| Net ST Capital Gain | $21,448 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,091 |
| Total Revenue | $121,468 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $2,763 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,233 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $1,854 |
| Printing and publications | $0 |
| Other expenses | $34,852 |
| Total operating and administrative expenses | $45,502 |
| Contributions, gifts, grants paid | $145,000 |
| Total expenses and disbursements | $190,502 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $14,692 |
| Savings and temporary cash investments | $60,785 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $374,011 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,142,843 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Michael T And Majorie V Gasparik Foundation has awarded $145,000 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
ALZHEIMERS NJ PURPOSE: ALZHEIMER RESEARCH | $35,000 |
ST FRANCIS FOOD PANTRIES PURPOSE: FOOD FOR HOMELESS | $35,000 |
ELIZABETH SETON CHILDREN'S FOUNDATI PURPOSE: PEDIATRIC DISEASE RESEARCH | $20,000 |
CAPUCHIN STIGMATE PROV PURPOSE: FUND MISSION WORK OF FRIARS | $20,000 |
CORNELL COLLEGE OF VETERINARY MEDIC PURPOSE: FELINE DISEASE RESEARCH | $15,000 |
BACKPACKS FOR LIFE PURPOSE: HELP HOMELESS VETERANS | $5,000 |