Nonprofit · EIN 87-4016827
CAPILLARY FOUNDATION INC
Tax-exempt · BRADENTON, FL 34206
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990-PF | $286,264 | $65,463 | $220,801 | $3,828,019 | $2,350 | $3,825,669 |
| December 31, 2024 | 990-PF | $117,991 | $151,240 | -$33,249 | $3,605,045 | $177 | $3,604,868 |
| December 31, 2023 | 990-PF | $74,360 | $270,947 | -$196,587 | $3,638,117 | $0 | $3,638,117 |
Financial details: 990-PF for the year ended December 31, 2025
Revenue
- Dividends
- $117,754
- Net gain from sales of assets
- $168,510
Expenses
- Grants and similar amounts paid
- $25,000
- Disbursements for charitable purposes
- $25,000
- Excise tax on investment income
- $3,616
Balance sheet and other
- Total assets, start of year
- $3,605,045
- Total assets, end of year
- $3,828,019
- Total liabilities, end of year
- $2,350
- Net assets, end of year
- $3,825,669
- Fair market value of assets
- $4,337,915
- Qualifying distributions
- $25,000
- Net investment income
- $286,264
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-PF for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| KARAN S GLAZE PO BOX 1518, BRADENTON, FL 34206 | PRESIDENT | 5 | $0 |
| JENIFER SCHEMBRI PO BOX 1518, BRADENTON, FL 34206 | VICE PRESIDENT | 1 | $0 |
| LORI F GYSON PO BOX 1518, BRADENTON, FL 34206 | SECRETARY TREASURER | 1 | $0 |
990-PF for the year ended December 31, 2024: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| KARAN S GLAZE PO BOX 1518, BRADENTON, FL 34206 | PRESIDENT | 5 | $0 |
| JENIFER SCHEMBRI PO BOX 1518, BRADENTON, FL 34206 | VICE PRESIDENT | 1 | $0 |
| LORI F GYSON PO BOX 1518, BRADENTON, FL 34206 | SECRETARY TREASURER | 1 | $0 |
990-PF for the year ended December 31, 2023: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| KARAN S GLAZE PO BOX 1518, BRADENTON, FL 34206 | PRESIDENT | 5 | $0 |
| JENIFER SCHEMBRI PO BOX 1518, BRADENTON, FL 34206 | VICE PRESIDENT | 1 | $0 |
| LORI F GYSON PO BOX 1518, BRADENTON, FL 34206 | SECRETARY TREASURER | 1 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 1518, BRADENTON, FL 34206-1518
- In care of
- % KARAN S GLAZE
- Signed the 990-PF
- KARAN S GLAZE, PRESIDENT
- Phone
- (941) 725-8564
- Website
- CAPILLARYFOUNDATION.ORG
- Return prepared by
- WALTER & ASSOCIATES LLC
What it must file and when
IRS records say it files Form 990-PF. Private foundations file every year. 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 | 990-PF on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-PF on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-PF on file |
IRS record
- EIN
- 87-4016827
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Private non-operating foundation
- Donations deductible (Pub 78)
- Private foundation, 30% limit
- Exempt since
- 2022
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T20)
- Assets (IRS master file)
- $3,828,019
- Income (IRS master file)
- $2,123,184
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2025 | $286,264 | $65,463 | $3,828,019 | IRS |
| 990-PF | December 2024 | $117,991 | $151,240 | $3,605,045 | XML |
| 990-PF | December 2023 | $74,360 | $270,947 | $3,638,117 | XML |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-PF | December 2021 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 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 (search EIN 87-4016827).
Questions about CAPILLARY FOUNDATION INC
- What is the EIN of CAPILLARY FOUNDATION INC?
- The employer identification number (EIN) of CAPILLARY FOUNDATION INC is 87-4016827.
- Is CAPILLARY FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2022.
- Are donations to CAPILLARY FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does CAPILLARY FOUNDATION INC file?
- Form 990-PF. Private foundations file every year.
- When is the next return of CAPILLARY FOUNDATION INC due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did CAPILLARY FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended December 2025.
- Who are the officers and directors of CAPILLARY FOUNDATION INC?
- The 990-PF for the year ended December 31, 2025 lists 3 people; 0 received compensation from the organization.
- How much revenue does CAPILLARY FOUNDATION INC have?
- On its 990-PF for the year ended December 31, 2025 it reported revenue of $286,264, expenses of $65,463 and total assets of $3,828,019 at year end.
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