Nonprofit · EIN 20-8552835
ACQUISTAPACE FOUNDATION INC
Tax-exempt · DOWNEY, CA 90241
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $70,305 | $69,756 | $549 | $1,374,630 | $0 | $1,374,630 |
| December 31, 2023 | 990 | $12,181 | $53,405 | -$41,224 | $1,374,081 | $0 | $1,374,081 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $17,000
- Program service revenue
- $0
- Investment income
- $53,305
- Net gain from sales of assets
- $11,145
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Legal fees
- $8,075
- Program services (functional)
- $50,302
- Management and general (functional)
- $19,454
Balance sheet and other
- Total assets, start of year
- $1,374,081
- Total assets, end of year
- $1,374,630
- Total liabilities, end of year
- $0
- Net assets, end of year
- $1,374,630
- Publicly traded securities
- $1,094,731
- Gross receipts
- $70,305
- Employees
- 0
- Year formed
- 2006
- State of legal domicile
- CA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| LILLIANA ACQUISTAPACE | SECRETARY & Trustee or director, Officer | 4 | $0 |
| TIMOTHY ACQUISTAPACE | PRESIDENT & Trustee or director, Officer | 8 | $0 |
| DIANE DIMARCO DAVIS | DIRECTOR Trustee or director | 2 | $0 |
| MARIO GARIBAY | DIRECTOR Trustee or director | 2 | $0 |
| JIM SMITH | TREASURER & Trustee or director, Officer | 3 | $0 |
990 for the year ended December 31, 2023: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| LOUIS ACQUISTAPACE | PRESIDENT & Trustee or director, Officer | – | $0 |
| TIMOTHY ACQUISTAPACE | TREASURER & Trustee or director, Officer | – | $0 |
| DIANE DIMARCO DAVIS | DIRECTOR Trustee or director | – | $0 |
| MARIO GARIBAY | DIRECTOR Trustee or director | – | $0 |
Address and contacts
- Address (IRS master file)
- 7974 FARM ST, DOWNEY, CA 90241-2231
- In care of
- % LOUIS ACQUITAPACE PRESIDENT
- Mailing address (990-N for 2008)
- 7974 Farm Street, Downey CA 90241
- Principal officer (990 for 2024)
- TIMOTHY ACQUISTAPACE, 516 EAST ELM STREET, BREA, CA 92821
- Principal officer (990-N for 2008)
- Louis Acquitapace, 7972 Farm Street, Downey CA 90241
- Signed the 990
- TIMOTHY ACQUISTAPACE, PRESIDENT & DIRECTOR
- Phone
- (562) 928-8933
- Return prepared by
- ARDIS & LEHN INC
Mission
SUPPORTING EDUCATION FOR CHILDREN. HAVE AN ONGOING PROGRAM TO MODERNIZE AND IMPROVE THE SCHOOLS BY PROVIDING THEM WITH COMPUTERS, SOUND EQUIPMENT AND OTHER ACTIVITY AND EDUCATIONAL RELATED EQUIPMENT AND TECHNOLOGY.
Program accomplishments
- ASSISTED ST. JOHN BOSCO, OUR LADY OF PERPETUAL HELP SCHOOL AND ST JUSTIN IN UPGRADING THEIR COMMUPUTER SYSTEMS AND FACILITIES FOR USE BY STUDENTS AND STAFF.
- PRIMARILY USED TO UPGRADING OUR LADY OF PERPETUAL HELP ELEMENTARY SCHOOL, AND SAINT ODELIA CLASS ROOMS AND EQUIPMENT. ALSO DID ST JOHN BOSCO SCHOOL IN UPGRADING EQUIPMENT AND OUTDOOR GARDENS FOR TEACHING FACILITIES.Expenses $50,302
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 20-8552835
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2007
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B19)
- Assets (IRS master file)
- $1,374,630
- Income (IRS master file)
- $70,305
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $70,305 | $69,756 | $1,374,630 | XML |
| 990 | December 2023 | $12,181 | $53,405 | $1,374,081 | XML |
| 990 | December 2022 | $53,685 | $34,805 | $1,415,305 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990-N for 2008 Officer: Louis Acquitapace | December 31, 2008 | ≤ $50,000 receipts | – | – | e-Postcard |
990-N: the IRS publishes only the latest e-Postcard per organization; earlier years appear here as 990.tax collects the monthly files. 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS.
Questions about ACQUISTAPACE FOUNDATION INC
- What is the EIN of ACQUISTAPACE FOUNDATION INC?
- The employer identification number (EIN) of ACQUISTAPACE FOUNDATION INC is 20-8552835.
- Is ACQUISTAPACE FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2007.
- Are donations to ACQUISTAPACE FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does ACQUISTAPACE FOUNDATION INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of ACQUISTAPACE FOUNDATION INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did ACQUISTAPACE FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of ACQUISTAPACE FOUNDATION INC?
- The 990 for the year ended December 31, 2024 names TIMOTHY ACQUISTAPACE.
- Who are the officers and directors of ACQUISTAPACE FOUNDATION INC?
- The 990 for the year ended December 31, 2024 lists 5 people; 0 received compensation from the organization.
- How much revenue does ACQUISTAPACE FOUNDATION INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $70,305, expenses of $69,756 and total assets of $1,374,630 at year end.
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