Nonprofit · EIN 94-2816159
PETER A AND VERNICE H GASSER FOUNDATION
Tax-exempt · NAPA, CA 94559
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-PF | $8,311,806 | $9,245,983 | -$934,177 | $84,353,066 | $39,610,197 | $44,742,869 |
| December 31, 2023 | 990-PF | $6,873,978 | $11,997,104 | -$5,123,126 | $88,674,777 | $42,697,874 | $45,976,903 |
Financial details: 990-PF for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Dividends
- $685,809
- Net rental income
- $5,735,967
- Net gain from sales of assets
- $1,051,055
- Other income
- $838,975
Expenses
- Grants and similar amounts paid
- $2,101,594
- Compensation of officers, directors and key employees
- $154,000
- Salaries, compensation and benefits (total)
- $254,907
- Disbursements for charitable purposes
- $3,961,748
- Excise tax on investment income
- $25,267
Balance sheet and other
- Total assets, start of year
- $88,674,777
- Total assets, end of year
- $84,353,066
- Total liabilities, end of year
- $39,610,197
- Net assets, end of year
- $44,742,869
- Fair market value of assets
- $98,712,718
- Qualifying distributions
- $3,961,748
- Net investment income
- $5,780,588
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 | Other / benefits |
|---|---|---|---|---|
| NANCY WATT 433 SOSCOL AVENUE SUITE A120, NAPA, CA 94559 | CEO/SECRETARY | 25 | $206,038 | $6,181 |
| MITCH WIPPERN 433 SOSCOL AVENUE SUITE A120, NAPA, CA 94559 | COO | 25 | $196,173 | $5,885 |
| LANE HAMM 433 SOSCOL AVENUE SUITE A120, NAPA, CA 94559 | ASST. PROPERTY MANAG Highest-paid employee | 40 | $78,622 | $2,359 |
| CATHY A ROCHE 433 SOSCOL AVENUE SUITE A120, NAPA, CA 94559 | CHAIR/DIRECTOR | 5 | $42,000 | $0 |
| HENRY H GUNDLING 433 SOSCOL AVENUE SUITE A120, NAPA, CA 94559 | PAST CHAIR/DIRECTOR | 5 | $42,000 | $0 |
| TIMOTHY T STREBLOW 433 SOSCOL AVENUE SUITE A120, NAPA, CA 94559 | VICE CHAIR/DIRECTOR | 5 | $42,000 | $0 |
| JOSEPH G PEATMAN 433 SOSCOL AVENUE SUITE A120, NAPA, CA 94559 | TREASURER/DIRECTOR (THROUGH 8/30/24) | 5 | $28,000 | $0 |
990-PF for the year ended December 31, 2023: 7 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| NANCY WATT 433 SOSCOL AVENUE SUITE A120, NAPA, CA 94559 | CEO/SECRETARY | 25 | $201,087 | $6,033 |
| MITCH WIPPERN 433 SOSCOL AVENUE SUITE A120, NAPA, CA 94559 | COO | 25 | $153,975 | $4,619 |
| LANE HAMM 433 SOSCOL AVENUE SUITE A120, NAPA, CA 94559 | ASST. PROPERTY MANAG Highest-paid employee | 40 | $74,456 | $2,234 |
| CATHY A ROCHE 433 SOSCOL AVENUE SUITE A120, NAPA, CA 94559 | CHAIR/DIRECTOR | 5 | $42,000 | $0 |
| HENRY H GUNDLING 433 SOSCOL AVENUE SUITE A120, NAPA, CA 94559 | PAST CHAIR/DIRECTOR | 5 | $42,000 | $0 |
| TIMOTHY T STREBLOW 433 SOSCOL AVENUE SUITE A120, NAPA, CA 94559 | VICE CHAIR/DIRECTOR | 5 | $42,000 | $0 |
| JOSEPH G PEATMAN 433 SOSCOL AVENUE SUITE A120, NAPA, CA 94559 | TREASURER/DIRECTOR | 5 | $42,000 | $0 |
Address and contacts
- Address (IRS master file)
- 433 SOSCOL AVE STE A120, NAPA, CA 94559-4038
- Signed the 990-PF
- NANCY WATT, CHIEF EXECUTIVE OFFICER
- Phone
- (707) 255-1646
- Website
- WWW.GASSERFOUNDATION.ORG
- Return prepared by
- BAKER TILLY ADVISORY GROUP LP
California records
California keeps its own records of charities and corporations. Search them by EIN 94-2816159 or by the name PETER A AND VERNICE H GASSER FOUNDATION.
- Attorney General, Registry of Charities and Fundraisers
- Registration status and filed reports (CT-TR-1, RRF-1)
- Secretary of State, bizfile Online
- Corporation status, entity number, agent for service
- Franchise Tax Board
- Entity status letter (state tax exemption, good standing)
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
- 94-2816159
- 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
- 1982
- Accounting year ends
- December
- Files
- Form 990-PF
- Assets (IRS master file)
- $84,353,066
- Income (IRS master file)
- $14,390,517
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2024 | $8,311,806 | $9,245,983 | $84,353,066 | XML |
| 990-T | December 2024 | – | – | – | IRS |
| 990-PF | December 2023 | $6,873,978 | $11,997,104 | $88,674,777 | XML |
| 990-T | December 2023 | – | – | – | IRS |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-T | December 2022 | – | – | – | IRS |
| 990-PF | December 2021 | – | – | – | IRS |
| 990-T | December 2021 | – | – | – | IRS |
| 990-PF | December 2020 | – | – | – | IRS |
| 990-T | December 2020 | – | – | – | 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 94-2816159).
Questions about PETER A AND VERNICE H GASSER FOUNDATION
- What is the EIN of PETER A AND VERNICE H GASSER FOUNDATION?
- The employer identification number (EIN) of PETER A AND VERNICE H GASSER FOUNDATION is 94-2816159.
- Is PETER A AND VERNICE H GASSER FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1982.
- Are donations to PETER A AND VERNICE H GASSER FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does PETER A AND VERNICE H GASSER FOUNDATION file?
- Form 990-PF. Private foundations file every year.
- When is the next return of PETER A AND VERNICE H GASSER FOUNDATION 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 PETER A AND VERNICE H GASSER FOUNDATION 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 PETER A AND VERNICE H GASSER FOUNDATION?
- The 990-PF for the year ended December 31, 2024 lists 7 people; 7 received compensation from the organization, the highest $206,038 (NANCY WATT, CEO/SECRETARY).
- How much revenue does PETER A AND VERNICE H GASSER FOUNDATION have?
- On its 990-PF for the year ended December 31, 2024 it reported revenue of $8,311,806, expenses of $9,245,983 and total assets of $84,353,066 at year end.
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