Kasap Foundation in Alexandria, Virginia (VA)

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Kasap Foundation
Employer Identification Number (EIN)541920068
Name of OrganizationKasap Foundation
In Care of NameMatt Kasap
Address2758 Duke St, Alexandria, VA 22314-4511
SubsectionCharitable Organization
Ruling Date04/2000
DeductibilityContributions are deductible
FoundationPrivate non-operating foundation
OrganizationCorporation
Tax Period12/2012
Assets$10,000 to $24,999
Income$25,000 to $99,999
Filing Requirement990 - Not required to file (all other)
Asset Amount$22,381
Amount of Income$87,872
Form 990 Revenue Amount$350
National Taxonomy of Exempt Entities (NTEE)Philanthropy, Voluntarism and Grantmaking Foundations: Public Foundations


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Amount of income in 2012: $87,872 (it was $233,000 in 2011)
This organization: 

 $87,872
Other organizations performing similar types of work: 

 $71,328

Assets in 2012: $22,381 (it was $31,341 in 2011)
Kasap Foundation: 

 $22,381
Other organizations performing similar types of work: 

 $50,799

Expenses in 2012: $13,171
This organization: 

 $13,171
Other organizations performing similar types of work: 

 $47,311

Income to expenses ratio in 2012: 6.7
Kasap Foundation: 

 6.7
Other organizations performing similar types of work: 

 1.0

Grants share in income in 2012: 35.0%
Kasap Foundation: 

 35.0%
Other organizations performing similar types of work: 

 7.7%

Financial snapshot ($)

Revenue for 2012

Expenses for 2012

Analysis of Revenue and Expenses (for 2012)
Revenue and expenses per booksNet investment incomeAdjusted net incomeDisbursements for charitable purposes (cash basis only)
Total revenue$5,351$116$116
Contributions, gifts, grants, etc., received$1,875
Interest on savings and temporary cash investments$0
Dividends and interest from securities$116
Gross rents$0
Gross profit from sales of goods$0
Other income$0
Other$3,360
Total expenses and disbursements$13,171$1,233$0$11,938
Compensation of officers, directors, trustees, etc.$0
Total operating and administrative expenses$2,171$1,233$938
Contributions, gifts, grants paid$11,000
Excess of revenue over expenses and disbursements$-7,820
Net investment income$0
Adjusted net income$116
Balance Sheets (for 2012)
Book ValueFair Market Value
Total assets$22,381$22,381
Cash - non-interest-bearing$0
Investments-U.S. and state government obligations$0
Investments-corporate stock$0
Investments-corporate bonds$0
Investments-mortgage loans$0
Investments-other$0
Other$22,381
Total liabilities$1
Mortgages and other notes payable$0
Other$1
Total liabilities and net assets/fund balances$22,381
Capital Gains and Losses for Tax on Investment Income (for 2012)
Capital gain net income$3,360
Net capital loss$0
Excise Tax Based on Investment Income (for 2012)
Domestic foundations that meet the section 4940(e) requirements (for Reduced Tax on Net Investment Income)No
Tax based on investment income$0
Total credits and payments$0
Any penalty for underpayment of estimated tax$0
Tax due$0
Overpayment$0
Amount to be credited to 2013 estimated tax$0
Statements Regarding Activities (for 2012)
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did it participate or intervene in any political campaign?No
Was there a liquidation, termination, dissolution, or substantial contraction during the year?No
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 2012 or the taxable year beginning in 2012?No
Statements Regarding Activities for Which Form 4720 May Be Required (for 2012)
During the year did the foundation (either directly or indirectly):
Engage in the sale or exchange, or leasing of property with a disqualified person?No
Borrow money from, lend money to, or otherwise extend credit to (or accept it from) a disqualified person?No
Furnish goods, services, or facilities to (or accept them from) a disqualified person?No
Pay compensation to, or pay or reimburse the expenses of, a disqualified person?No
Transfer any income or assets to a disqualified person (or make any of either available for the benefit or use of a disqualified person)?No
Agree to pay money or property to a government official?No
At the end of tax year 2012, did the foundation have any undistributed income for tax year(s) beginning before 2012?No
Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at any time during the year?No
Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?No
During the year did the foundation pay or incur any amount to:
Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?No
Influence the outcome of any specific public election (see section 4955); or to carry on, directly or indirectly, any voter registration drive?No
Provide a grant to an individual for travel, study, or other similar purposes?No
Provide a grant to an organization other than a charitable, etc., organization described in section 509(a)(1), (2), or (3), or section 4940(d)(2)?No
Provide for any purpose other than religious, charitable, scientific, literary, or educational purposes, or for the prevention of cruelty to children or animals?No
Minimum Investment Return (for 2012)
Fair market value of assets not used (or held for use) directly in carrying out charitable, etc., purposes$25,502
Net value of noncharitable-use assets$25,120
Minimum investment return$1,256
Distributable Amount (for 2012)
Distributable amount$1,256
Undistributed Income (for 2012)
Distributable amount for 2012$1,256
Undistributed income for 2012. This amount must be distributed in 2013$0
Private Operating Foundations (for 2012)
2012201120102009Total
The lesser of the adjusted net income or the minimum investment return$0$0$0$0$0
Qualifying distributions made directly for active conduct of exempt activities$0$0$0$0$0
Value of all assets$0$0$0$0$0
Value of assets qualifying under section 4942(j)(3)(B)(i)$0$0$0$0$0
2/3 of minimum investment return$0$0$0$0$0
Total support other than gross investment income (interest, dividends, rents, payments on securities loans (section 512(a)(5)), or royalties)$0$0$0$0$0
Support from general public and 5 or more exempt organizations as provided in section 4942(j)(3)(B)(iii)$0$0$0$0$0
Gross investment income$0$0$0$0$0
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Organizations performing similar types of work
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1Roswell Park Alliance FoundationElm And Carlton St, Buffalo, NY 14263-0001NY1996-08$28,110,672
2Science Foundation Arizona400 E Van Buren St Ste 220, Phoenix, AZ 85004-2223AZ2006-11$7,919,015
3St Andrews Charitable Foundation6633 Delmar Blvd, St Louis, MO 63130-4505MO2008-01$1,344,641
4Tma Support Corporation2427 M L K Jr Ave Se, Washington, DC 20020-5815DC2006-10$709,645
5Rotary Club Of Coralsprings-Parkland Foundation Inc11873 Nw 2nd Ct, Coral Springs, FL 33071-8017FL2007-03$57,467
6S H R M Foundation, Society Human Resource Management1800 Duke Street, Alexandria, VA 22314-3494VA1969-02$19,754,957
7Skillsource Group Inc8300 Boone Blvd Ste 450, Vienna, VA 22182-2680VA2002-03$8,439,394
8Taubman Foundation For The Arts2965 Colonnade Dr, Roanoke, VA 24018-3557VA2010-11$3,896,037
9The Chateauville FoundationPO BOX 576, Great Falls, VA 22066-0576VA1997-05$3,115,082
10Sterling Charitable Gift Fund Tr459 Herndon Pkwy Ste 22, Herndon, VA 20170-6222VA2000-05$3,065,177
11Simply Distribute Charitable Foundation2940 N Lynnhaven Rd Ste 210-B, Virginia Bch, VA 23452-6949VA2007-10$1,628,229
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13Usa Today Charitable Foundation Inc7950 Jones Branch Dr, Mclean, VA 22102-3302VA2003-09$1,354,022
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15Seena Magowitz Foundation Inc3868 Jefferson Blvd, Virginia Bch, VA 23455-1606VA2007-05$1,063,997
16Monumental Sports & Entertainment Foundation627 North Glebe Road, Arlington, VA 22203-2144VA2000-11$996,660
17Jerome Lejeune Foundation Usa2769 Jefferson Davis Hwy, Stafford, VA 22554-8325VA2011-11$703,833
18Ronald Mcdonald House Charities Of Southwest Virginia Inc2224 Jefferson St Se, Roanoke, VA 24014-2404VA1985-07$682,075
19Last Well Inc8200 Greensboro Drive Ste 900, Mclean, VA 22182VA2009-06$631,589
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Number of organizations performing similar types of work
Alaska27
Alabama174
Arkansas88
Arizona257
California1,561
Colorado295
Connecticut213
District of Columbia96
Delaware58
Florida937
Georgia405
Hawaii58
Iowa132
Idaho53
Illinois567
Indiana231
Kansas125
Kentucky138
Louisiana149
Massachusetts427
Maryland313
Maine54
Michigan422
Minnesota256
Missouri285
Mississippi53
Montana52
North Carolina382
North Dakota40
Nebraska93
New Hampshire76
New Jersey563
New Mexico62
Nevada84
New York1,186
Ohio529
Oklahoma149
Oregon175
Pennsylvania493
Rhode Island56
South Carolina163
South Dakota36
Tennessee218
Texas929
Utah116
Virginia393
Vermont41
Washington305
Wisconsin211
West Virginia59
Wyoming40
International30
Total13,855

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