Michael T and Majorie V Gasparik Foundation
Only null% goes to programs Strong reserves Declining revenue
Michael T and Majorie V Gasparik Foundation is a 501(c)(3) organization based in West Caldwell, New Jersey, registered in 2010, with $216,407 in FY2024 revenue. CharityIndex grades it C+.
C/o Kinzel 195 Fairfield Ave Std 1d, West Caldwell, NJ, 07006 EIN 80-0505553 Since 2010
Revenue (FY2024)
$216K
▲ 78.2% vs prior year
Diseases median: $206K
Expenses (FY2024)
$162K
Net assets
$2.2M
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
C+
—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Michael T and Majorie V Gasparik Foundation— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
B+Financial health25% of the rating162 mo reserves · +25% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Michael T and Majorie V Gasparik Foundation: 162 mo reserves · +25% margin earns a B+ on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Michael T and Majorie V Gasparik Foundation— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
DTransparency10% of the rating1 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Michael T and Majorie V Gasparik Foundation: 1 of 5 disclosure signals earns a D on this criterion. See the exact thresholds →
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Contact & location
- Address
- C/o Kinzel 195 Fairfield Ave Std 1d, West Caldwell, NJ, 07006
- City
- West Caldwell
- State
- New Jersey
- Subcategory
- Specific Organ Diseases
Financial trends
Revenue grew from $13K (FY2013) to $216K (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $0Net assets $2.2M
Operating margin
25.0%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$2.2M
Total liabilities
$0
Net assets
$2.2M
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $216,407▲78.2% | $162,296▼14.8% | $2,196,954▲2.5% | $2,196,954▲2.5% | 990PF |
| 2023 | $121,468▲288% | $190,502▼3.7% | $2,142,843▼3.1% | $2,142,843▼3.1% | 990PF |
| 2022 | $31,288▼89.3% | $197,798▲3.3% | $2,211,877▼7.0% | $2,211,877▼7.0% | 990PF |
| 2021 | $293,174▲50.8% | $191,411▲4.8% | $2,378,387▲4.5% | $2,378,387▲4.5% | 990PF |
| 2020 | $194,384▲138% | $182,621▼1.8% | $2,276,624▲0.5% | $2,276,624▲0.5% | 990PF |
| 2019 | $81,693▼23.4% | $186,033▼23.1% | $2,264,861▼4.4% | $2,264,861▼4.4% | 990PF |
| 2018 | $106,680▼95.8% | $242,050▲209% | $2,369,201▼5.4% | $2,369,201▼5.4% | 990PF |
| 2017 | $2,557,113▲9654% | $78,345▲238% | $2,504,571▲9607% | $2,504,571▲9607% | 990PF |
| 2016 | $26,216▲105% | $23,209▲163% | $25,803▲13.2% | $25,803▲13.2% | 990PF |
| 2015 | $12,790▼13.8% | $8,831▼20.5% | $22,796▲21.0% | $22,796▲21.0% | 990PF |
| 2014 | $14,834▲15.2% | $11,114▼19.9% | $18,837▲24.6% | $18,837▲24.6% | 990PF |
| 2013 | $12,874 | $13,875▲36.4% | $15,117▼6.2% | $15,117▼6.2% | 990PF |
| 2012 | — | $10,175▲38.9% | $16,118▲8.2% | $16,118▲8.2% | 990PF |
| 2011 | — | $7,324 | $14,902 | $14,902 | 990PF |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
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Frequently asked questions
- Is Michael T and Majorie V Gasparik Foundation a legitimate nonprofit?
- Yes. Michael T and Majorie V Gasparik Foundation is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 80-0505553, based in West Caldwell, New Jersey. Donations are tax-deductible.
- What is Michael T and Majorie V Gasparik Foundation's EIN?
- Michael T and Majorie V Gasparik Foundation's Employer Identification Number (EIN) is 80-0505553.
- How much revenue does Michael T and Majorie V Gasparik Foundation report?
- Michael T and Majorie V Gasparik Foundation reported $216,407 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Michael T and Majorie V Gasparik Foundation have?
- CharityIndex grades Michael T and Majorie V Gasparik Foundation C+, based on financial health (reserves and operating margin).
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Data for Michael T and Majorie V Gasparik Foundation (EIN 80-0505553) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.