Nonprofit · EIN 88-1952069
WILLIAM AND CATHY KWAPIL FOUNDATION INC
Tax-exempt · WATERTOWN, WI 53098
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-PF | $126,560 | $121,540 | $5,020 | $2,765,195 | $0 | $2,765,195 |
| December 31, 2023 | 990-PF | $53,139 | $314,031 | -$260,892 | $2,760,175 | $0 | $2,760,175 |
Financial details: 990-PF for the year ended December 31, 2024
Revenue
- Dividends
- $88,102
- Net gain from sales of assets
- $38,458
Expenses
- Grants and similar amounts paid
- $100,000
- Disbursements for charitable purposes
- $100,000
- Excise tax on investment income
- $1,460
Balance sheet and other
- Total assets, start of year
- $2,760,175
- Total assets, end of year
- $2,765,195
- Total liabilities, end of year
- $0
- Net assets, end of year
- $2,765,195
- Fair market value of assets
- $3,161,062
- Qualifying distributions
- $100,000
- Net investment income
- $126,560
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, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Kelly Kwapil 1121 Bayberry Dr, Watertown, WI 53098 | President/Secretary | 5 | $0 |
| Karla Kwapil 225 N Concord Ave, Watertown, WI 53094 | Vice President/Treasurer | 1 | $0 |
| Michelle Sirenik 2435 N 71st St, Wauwatosa, WI 53213 | Director | 1 | $0 |
| Greg Graglia 1305 Allerman Drive, Watertown, WI 53094 | Director | 1 | $0 |
| Jason Schwager 1617 Country Club Lane, Watertown, WI 53098 | Director | 1 | $0 |
990-PF for the year ended December 31, 2023: 5 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Kelly Kwapil 1121 Bayberry Dr, Watertown, WI 53098 | President/Secretary | 5 | $0 |
| Karla Kwapil 225 N Concord Ave, Watertown, WI 53094 | Vice President/Treasurer | 1 | $0 |
| Michelle Sirenik 2435 N 71st St, Wauwatosa, WI 53213 | Director | 1 | $0 |
| Greg Graglia 1305 Allerman Drive, Watertown, WI 53094 | Director | 1 | $0 |
| Jason Schwager 1617 Country Club Lane, Watertown, WI 53098 | Director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 1121 BAYBERRY DR, WATERTOWN, WI 53098-3220
- Signed the 990-PF
- Kelly R Kwapil, President
- Phone
- (920) 342-0748
- Return prepared by
- River City Tax & Consulting 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 | Not 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
- 88-1952069
- 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 (T22)
- Assets (IRS master file)
- $2,765,195
- Income (IRS master file)
- $424,439
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2024 | $126,560 | $121,540 | $2,765,195 | XML |
| 990-PF | December 2023 | $53,139 | $314,031 | $2,760,175 | XML |
| 990-PF | December 2022 | – | – | – | 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 88-1952069).
Questions about WILLIAM AND CATHY KWAPIL FOUNDATION INC
- What is the EIN of WILLIAM AND CATHY KWAPIL FOUNDATION INC?
- The employer identification number (EIN) of WILLIAM AND CATHY KWAPIL FOUNDATION INC is 88-1952069.
- Is WILLIAM AND CATHY KWAPIL FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2022.
- Are donations to WILLIAM AND CATHY KWAPIL FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does WILLIAM AND CATHY KWAPIL FOUNDATION INC file?
- Form 990-PF. Private foundations file every year.
- When is the next return of WILLIAM AND CATHY KWAPIL 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 WILLIAM AND CATHY KWAPIL FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended December 2024.
- Who are the officers and directors of WILLIAM AND CATHY KWAPIL FOUNDATION INC?
- The 990-PF for the year ended December 31, 2024 lists 5 people; 0 received compensation from the organization.
- How much revenue does WILLIAM AND CATHY KWAPIL FOUNDATION INC have?
- On its 990-PF for the year ended December 31, 2024 it reported revenue of $126,560, expenses of $121,540 and total assets of $2,765,195 at year end.
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