Kap 508 Foundation Inc

Wilmington, DE
Tax-exempt since Aug. 2007
EIN: 26-0402722

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Type of Nonprofit

Designated as a 501(c)(3) Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Philanthropy, Voluntarism and Grantmaking Foundations / Private Independent Foundations (NTEE)

Donations to this organization are tax deductible.

Revenue

$169k (2023)

Expenses

$117k (2023)

Total Assets

$1.56M (2023)

Total Liabilities

$0 (2023)

Source: Form 990 tax filings from 2011 to 2023

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2023

Revenue

$168,894

Expenses

$117,255

Net Income

$51,639

Net Assets

$1,562,246

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$103,586	61.3%
Interest Revenue	$2,291	1.4%
Dividends	$26,377	15.6%
Sales of Assets	$36,640	21.7%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$97,495	83.1%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,562,246
Total Liabilities	$0
Net Assets	$1,562,246

Compensation

Key Employees and Officers	Compensation	Other
Alfred J Mascia (Dir, Pres)	$0	$0
Kerry Mascia (Dir, Treas)	$0	$0
Margaret Mascia (Dir, Vp)	$0	$0
Patrick Mascia (Dir)	$0	$0
Amy Mascia Knowles (Dir)	$0	$0

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990-PF

Filed on May 2, 2024

Primary tax return for a private foundation's activities, finances, and governance

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Schedules ▼

XML

Fiscal Year Ending Dec.
2022

Revenue

$64,286

Expenses

$118,821

Net Income

-$54,535

Net Assets

$1,510,607

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$1,854	2.9%
Dividends	$16,730	26.0%
Sales of Assets	$45,702	71.1%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$98,499	82.9%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,510,607
Total Liabilities	$0
Net Assets	$1,510,607

Compensation

Key Employees and Officers	Compensation	Other
Alfred J Mascia (Pres)	$0	$0
Kerry Mascia (Dir, Treas)	$0	$0
Margaret Mascia (Dir, Vp)	$0	$0
Patrick Mascia (Dir)	$0	$0
Amy Mascia Knowles (Dir)	$0	$0

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990-PF

Filed on March 23, 2023

Primary tax return for a private foundation's activities, finances, and governance

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Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2021

Revenue

$96,478

Expenses

$59,341

Net Income

$37,137

Net Assets

$1,565,142

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$223	0.2%
Dividends	$14,678	15.2%
Sales of Assets	$81,577	84.6%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$38,600	65.0%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,565,142
Total Liabilities	$0
Net Assets	$1,565,142

Compensation

Key Employees and Officers	Compensation	Other
Alfred J Mascia (Pres)	$0	$0
Kerry Mascia (Dir, Treas)	$0	$0
Margaret Mascia (Dir, Vp)	$0	$0
Patrick Mascia (Dir)	$0	$0
Amy Mascia Knowles (Dir)	$0	$0

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990-PF

Filed on April 12, 2022

Primary tax return for a private foundation's activities, finances, and governance

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Schedules ▼

XML

Fiscal Year Ending Dec.
2020

Revenue

$371,467

Expenses

$56,483

Net Income

$314,984

Net Assets

$1,528,004

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$248,423	66.9%
Interest Revenue	$634	0.2%
Dividends	$10,069	2.7%
Sales of Assets	$112,341	30.2%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$36,597	64.8%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,528,005
Total Liabilities	$1
Net Assets	$1,528,004

Compensation

Key Employees and Officers	Compensation	Other
Alfred J Mascia (Pres)	$0	$0
Kerry Mascia (Dir, Treas)	$0	$0
Margaret Mascia (Dir, Vp)	$0	$0
Patrick Mascia (Dir)	$0	$0
Amy Mascia Knowles (Dir)	$0	$0

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990-PF

Filed on May 11, 2021

Primary tax return for a private foundation's activities, finances, and governance

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Schedules ▼

XML

Fiscal Year Ending Dec.
2019

Revenue

$226,940

Expenses

$76,200

Net Income

$150,740

Net Assets

$1,213,020

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$149,632	65.9%
Interest Revenue	$501	0.2%
Dividends	$14,729	6.5%
Sales of Assets	$62,078	27.4%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$60,895	79.9%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,213,021
Total Liabilities	$1
Net Assets	$1,213,020

Compensation

Key Employees and Officers	Compensation	Other
Alfred J Mascia (Pres)	$0	$0
Kerry Mascia (Dir, Treas)	$0	$0
Margaret Mascia (Dir, Vp)	$0	$0
Patrick Mascia (Dir)	$0	$0
Amy Mascia Knowles (Dir)	$0	$0

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990-PF

Filed on June 18, 2020

Primary tax return for a private foundation's activities, finances, and governance

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Schedules ▼

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Fiscal Year Ending Dec.
2018

Revenue

$151,840

Expenses

$74,735

Net Income

$77,105

Net Assets

$1,062,281

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$75,957	50.0%
Interest Revenue	$304	0.2%
Dividends	$12,765	8.4%
Sales of Assets	$62,801	41.4%
Other Income	$13	0.0%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$60,694	81.2%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,062,281
Total Liabilities	$0
Net Assets	$1,062,281

Compensation

Key Employees and Officers	Compensation	Other
Alfred J Mascia (Pres)	$0	$0
Kerry Mascia (Dir / Treas)	$0	$0
Margaret Mascia (Vp / Dir)	$0	$0
Patrick Mascia (Dir)	$0	$0
Amy Mascia Knowles (Dir)	$0	$0

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990-PF

Filed on April 23, 2019

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2017

Revenue

$299,687

Expenses

$61,313

Net Income

$238,374

Net Assets

$985,176

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$250,148	83.5%
Interest Revenue	$179	0.1%
Dividends	$14,325	4.8%
Sales of Assets	$35,035	11.7%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$51,528	84.0%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$985,176
Total Liabilities	$0
Net Assets	$985,176

Compensation

Key Employees and Officers	Compensation	Other
Alfred J Mascia (Pres)	$0	$0
Kerry Mascia Tedeschi (Dir / Treas)	$0	$0
Margaret Mascia (Vp / Dir)	$0	$0
Patrick Mascia (Dir)	$0	$0
Amy Mascia Knowles (Dir)	$0	$0

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990-PF

Filed on April 10, 2018

Primary tax return for a private foundation's activities, finances, and governance

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Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2016

Revenue

$30,786

Expenses

$59,447

Net Income

-$28,661

Net Assets

$746,802

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$108	0.4%
Dividends	$16,733	54.4%
Sales of Assets	$13,945	45.3%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$49,400	83.1%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$746,802
Total Liabilities	$0
Net Assets	$746,802

Compensation

Key Employees and Officers	Compensation	Other
Alfred J Mascia (Pres)	$0	$0
Margaret Mascia (Vp / Dir)	$0	$0
Patrick Mascia (Dir)	$0	$0
Amy Mascia Knowles (Dir)	$0	$0
Kerry Mascia Tedeschi (Dir / Treas)	$0	$0

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990-PF

Filed on April 17, 2017

Primary tax return for a private foundation's activities, finances, and governance

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Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2015

Revenue

$34,790

Expenses

$49,319

Net Income

-$14,529

Net Assets

$775,463

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$74	0.2%
Dividends	$18,503	53.2%
Sales of Assets	$16,213	46.6%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$38,590	78.2%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$775,463
Total Liabilities	$0
Net Assets	$775,463

Compensation

Key Employees and Officers	Compensation	Other
Alfred J Mascia (Pres)	$0	$0
Margaret Mascia (Vp / Dir)	$0	$0
Patrick Mascia (Dir)	$0	$0
Amy Mascia Knowles (Dir)	$0	$0
Kerry Mascia Tedeschi (Dir / Treas)	$0	$0

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990-PF

Filed on April 21, 2016

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2014

Revenue

$72,609

Expenses

$50,646

Net Income

$21,963

Net Assets

$789,992

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$33	0.0%
Dividends	$20,034	27.6%
Sales of Assets	$52,542	72.4%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$38,593	76.2%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$789,992
Total Liabilities	$0
Net Assets	$789,992

Compensation

Key Employees and Officers	Compensation	Other
Alfred J Mascia (Pres)	$0	$0
Margaret Mascia (Vp / Dir)	$0	$0
Patrick Mascia (Dir)	$0	$0
Amy Mascia Knowles (Dir)	$0	$0
Kerry Mascia Tedeschi (Dir / Treas)	$0	$0

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990-PF

Filed on May 8, 2015

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2013

Revenue

$67,459

Expenses

$52,250

Net Income

$15,209

Net Assets

$768,029

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$6	0.0%
Dividends	$34,329	50.9%
Sales of Assets	$33,124	49.1%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$41,652	79.7%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$768,029
Total Liabilities	$0
Net Assets	$768,029

Compensation

Key Employees and Officers	Compensation	Other
Alfred J Mascia (Pres)	$0	$0
Margaret Mascia (Vp / Dir)	$0	$0
Patrick Mascia (Dir)	$0	$0
Amy Mascia Knowles (Dir)	$0	$0
Kerry Mascia Tedeschi (Dir / Treas)	$0	$0

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990-PF

Filed on July 31, 2014

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2012

Revenue

$26,761

Expenses

$51,770

Net Income

-$25,009

Net Assets

$752,820

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$18	0.1%
Dividends	$23,828	89.0%
Sales of Assets	$2,915	10.9%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$41,265	79.7%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$752,820
Total Liabilities	$0
Net Assets	$752,820

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2011

Revenue

$43,709

Expenses

$61,591

Net Income

-$17,882

Net Assets

$777,829

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$11	0.0%
Dividends	$26,712	61.1%
Sales of Assets	$16,908	38.7%
Other Income	$78	0.2%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$52,634	85.5%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$777,829
Total Liabilities	$0
Net Assets	$777,829

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

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Kap 508 Foundation Inc

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $169k (2023)

Expenses $117k (2023)

Total Assets $1.56M (2023)

Total Liabilities $0 (2023)

Tax Filings by Year

Fiscal Year Ending Dec. 2023

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2022

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2019

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2018

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2017

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2016

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2015

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2014

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2013

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2012

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

Revenue

$169k (2023)

Expenses

$117k (2023)

Total Assets

$1.56M (2023)

Total Liabilities

$0 (2023)

Fiscal Year Ending Dec.
2023

Fiscal Year Ending Dec.
2022

Fiscal Year Ending Dec.
2021

Fiscal Year Ending Dec.
2020

Fiscal Year Ending Dec.
2019

Fiscal Year Ending Dec.
2018

Fiscal Year Ending Dec.
2017

Fiscal Year Ending Dec.
2016

Fiscal Year Ending Dec.
2015

Fiscal Year Ending Dec.
2014

Fiscal Year Ending Dec.
2013

Fiscal Year Ending Dec.
2012

Fiscal Year Ending Dec.
2011

Fiscal Year Ending Dec.
2010

Fiscal Year Ending Dec.
2009

Fiscal Year Ending Dec.
2008

Fiscal Year Ending Dec.
2007