Michael T And Majorie V Gasparik Foundation

West Caldwell, NJ
Tax-exempt since Sept. 2010
EIN: 80-0505553

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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: Diseases, Disorders, Medical Disciplines / Alzheimer's Disease (NTEE)

Donations to this organization are tax deductible.

Revenue

$216k (2024)

Expenses

$162k (2024)

Total Assets

$2.2M (2024)

Total Liabilities

$0 (2024)

Source: Form 990 tax filings from 2011 to 2024

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.
2024

Revenue

$216,407

Expenses

$162,296

Net Income

$54,111

Net Assets

$2,196,954

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$26,084	12.1%
Dividends	$35,101	16.2%
Sales of Assets	$154,498	71.4%
Other Income	$724	0.3%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$122,021	75.2%
Compensation of Officers*	$4,075	2.5%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$2,196,954
Total Liabilities	$0
Net Assets	$2,196,954

Compensation

Key Employees and Officers	Compensation	Other
Helen Younger (President)	$1,325	$0
Donna O'connor (Secretary)	$1,200	$0
Philip Kinzel (Vice President)	$800	$0

990-PF

Filed on May 14, 2025

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.
2023

Revenue

$121,468

Expenses

$190,502

Net Income

-$69,034

Net Assets

$2,142,843

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$17,556	14.5%
Dividends	$32,169	26.5%
Sales of Assets	$70,652	58.2%
Other Income	$1,091	0.9%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$154,359	81.0%
Compensation of Officers*	$2,763	1.5%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$2,142,843
Total Liabilities	$0
Net Assets	$2,142,843

Compensation

Key Employees and Officers	Compensation	Other
Donna O'connor (Secretary)	$0	$0
Philip Kinzel (Member)	$0	$0
Helen Younger (Vice President)	$0	$0

990-PF

Filed on March 27, 2024

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

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Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2022

Revenue

$31,288

Expenses

$197,798

Net Income

-$166,510

Net Assets

$2,211,877

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$7,452	23.8%
Dividends	$27,848	89.0%
Sales of Assets	-$2,338
Other Income	-$1,674

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$155,148	78.4%
Compensation of Officers*	$2,599	1.3%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$2,211,877
Total Liabilities	$0
Net Assets	$2,211,877

Compensation

Key Employees and Officers	Compensation	Other
Donna O'connor (Secretary)	$0	$0
Francis Gasparik (Pres/Treas)	$0	$0
Helen Younger (Vice President)	$0	$0

990-PF

Filed on May 11, 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

$293,174

Expenses

$191,411

Net Income

$101,763

Net Assets

$2,378,387

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$4,683	1.6%
Dividends	$42,310	14.4%
Sales of Assets	$246,408	84.0%
Other Income	-$227

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$147,085	76.8%
Compensation of Officers*	$733	0.4%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$2,378,387
Total Liabilities	$0
Net Assets	$2,378,387

Compensation

Key Employees and Officers	Compensation	Other
Donna O'connor (Secretary)	$0	$0
Francis Gasparik (Pres/Treas)	$0	$0
Helen Younger (Vice President)	$0	$0

990-PF

Filed on Sept. 14, 2022

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

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Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2020

Revenue

$194,384

Expenses

$182,621

Net Income

$11,763

Net Assets

$2,276,623

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$20,059	10.3%
Dividends	$32,214	16.6%
Sales of Assets	$142,111	73.1%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$148,701	81.4%
Compensation of Officers*	$1,431	0.8%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$2,276,624
Total Liabilities	$1
Net Assets	$2,276,623

Compensation

Key Employees and Officers	Compensation	Other
Donna O'connor (Secretary)	$333	$307
Francis Gasparik (Pres/Treas)	$333	$0
Helen Younger (Vice President)	$333	$125

990-PF

Filed on Oct. 28, 2021

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

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XML

Fiscal Year Ending Dec.
2019

Revenue

$81,693

Expenses

$186,033

Net Income

-$104,340

Net Assets

$2,264,860

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$61,559	75.4%
Sales of Assets	$15,674	19.2%
Other Income	$4,460	5.5%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$173,724	93.4%
Compensation of Officers*	$5,173	2.8%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$2,264,861
Total Liabilities	$1
Net Assets	$2,264,860

Compensation

Key Employees and Officers	Compensation	Other
Helen Younger (Vice President)	$786	$0
Donna O'connor (Secretary)	$666	$3,055
Francis Gasparik (Pres/Treas)	$0	$666

990-PF

Filed on July 8, 2020

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

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Fiscal Year Ending Dec.
2018

Revenue

$106,680

Expenses

$242,050

Net Income

-$135,370

Net Assets

$2,369,201

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$76,643	71.8%
Sales of Assets	$30,037	28.2%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$206,563	85.3%
Compensation of Officers*	$4,473	1.8%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$2,369,201
Total Liabilities	$0
Net Assets	$2,369,201

Compensation

Key Employees and Officers	Compensation	Other
Donna O'connor (Secretary)	$0	$3,141
Francis Gasparik (Pres/Treas)	$0	$666
Helen Younger (Vice President)	$0	$666

990-PF

Filed on April 29, 2019

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

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Fiscal Year Ending Dec.
2017

Revenue

$2,557,113

Expenses

$78,345

Net Income

$2,478,768

Net Assets

$2,504,571

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$2,481,292	97.0%
Interest Revenue	$0
Dividends	$54,386	2.1%
Sales of Assets	$21,435	0.8%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$55,338	70.6%
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	$2,504,571
Total Liabilities	$0
Net Assets	$2,504,571

Compensation

Key Employees and Officers	Compensation	Other
Donna O'connor (Secretary)	$0	$0
Francis Gasparik (Pres/Treas)	$0	$0
Helen Younger (Vice President)	$0	$0

990-PF

Filed on April 30, 2018

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

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Fiscal Year Ending Dec.
2016

Revenue

$26,216

Expenses

$23,209

Net Income

$3,007

Net Assets

$25,803

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$25,000	95.4%
Interest Revenue	$0
Dividends	$841	3.2%
Sales of Assets	$0
Other Income	$375	1.4%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$2,000	8.6%
Compensation of Officers*	$3,278	14.1%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$25,803
Total Liabilities	$0
Net Assets	$25,803

Compensation

Key Employees and Officers	Compensation	Other
Donna O'connor (Secretary)	$3,278	$0
Francis Gasparik (Pres/Treas)	$0	$0
Helen Younger (Vice President)	$0	$0

990-PF

Filed on April 14, 2017

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

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Fiscal Year Ending Dec.
2015

Revenue

$12,790

Expenses

$8,831

Net Income

$3,959

Net Assets

$22,796

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$12,000	93.8%
Interest Revenue	$790	6.2%
Dividends	$0
Sales of Assets	$0
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,000	11.3%
Compensation of Officers*	$1,876	21.2%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$22,796
Total Liabilities	$0
Net Assets	$22,796

Compensation

Key Employees and Officers	Compensation	Other
Donna O'connor (Secretary)	$1,876	$0
Francis Gasparik (Pres/Treas)	$0	$0
Helen Younger (Vice President)	$0	$0

990-PF

Filed on May 5, 2016

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

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Fiscal Year Ending Dec.
2014

Revenue

$14,834

Expenses

$11,114

Net Income

$3,720

Net Assets

$18,837

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$14,000	94.4%
Interest Revenue	$834	5.6%
Dividends	$0
Sales of Assets	$0
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,000	9.0%
Compensation of Officers*	$2,393	21.5%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$18,837
Total Liabilities	$0
Net Assets	$18,837

Compensation

Key Employees and Officers	Compensation	Other
Donna O'connor (Secretary)	$2,393	$0
Francis Gasparik (Pres/Treas)	$0	$0
Helen Younger (Vice President)	$0	$0

990-PF

Filed on May 1, 2015

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

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Fiscal Year Ending Dec.
2013

Revenue

$12,874

Expenses

$13,875

Net Income

-$1,001

Net Assets

$15,117

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$12,500	97.1%
Interest Revenue	$0
Dividends	$374	2.9%
Sales of Assets	$0
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,000	7.2%
Compensation of Officers*	$2,418	17.4%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$15,117
Total Liabilities	$0
Net Assets	$15,117

Compensation

Key Employees and Officers	Compensation	Other
Donna O'connor (Secretary)	$2,418	$0
Michael T Gasparik (President)	$0	$0
Francis Gasparik (Treasurer)	$0	$0
Helen Younger (Trustee)	$0	$0

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990-PF

Filed on May 2, 2014

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

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Fiscal Year Ending Dec.
2012

Revenue

$11,391

Expenses

$10,175

Net Income

$1,216

Net Assets

$16,117

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$11,000	96.6%
Interest Revenue	$0
Dividends	$391	3.4%
Sales of Assets	$0
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$850	8.4%
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	$16,118
Total Liabilities	$1
Net Assets	$16,117

990-PF

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

PDF

Fiscal Year Ending Dec.
2011

Revenue

$7,820

Expenses

$7,324

Net Income

$496

Net Assets

$14,901

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$7,500	95.9%
Interest Revenue	$0
Dividends	$320	4.1%
Sales of Assets	$0
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$500	6.8%
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	$14,902
Total Liabilities	$1
Net Assets	$14,901

990-PF

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

PDF

Fiscal Year Ending Dec.
2010

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

990-PF

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

PDF

Fiscal Year Ending Dec.
2009

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

990-PF

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

PDF

About This Data

What Is This Data?

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

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

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Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

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Updated January 26, 2026

Michael T And Majorie V Gasparik Foundation

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $216k (2024)

Expenses $162k (2024)

Total Assets $2.2M (2024)

Total Liabilities $0 (2024)

Tax Filings by Year

Fiscal Year Ending Dec. 2024

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

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

Revenue

$216k (2024)

Expenses

$162k (2024)

Total Assets

$2.2M (2024)

Total Liabilities

$0 (2024)

Fiscal Year Ending Dec.
2024

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