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Gapbuster FY2024 filing

Tax-deductible

Silver Spring, MD501(c)(3)Youth Development EIN 52-2336563Revenue $257K in FY2024Latest return filed Nov 14, 2025

On file with the IRSgapbuster.orgPo Box 3356, 20918-3356 · Silver Spring, MDTax-exempt since Jul 2002Publicly supported charity — 170(b)(1)(A)(vi)

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GapBuster is an educational program dedicated to promoting higher levels of achievement and closing the performance gap of of students by enriching and supplementing their learning experience.

501(c)(3) charity; gifts are tax-deductible.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78

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FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
IRS Pub. 78
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
1 of 2
filings with a surplus
Average deficit $16K a year · 4% of revenue · last 2 filings
Worth a look: a surplus in 1 of the last 2 filings.
Pt I · Ln 19 · 2 filings
Spent on programs
0%
of spending
Concern: 0% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Cash reserves
1 mo
of spending, in cash
Fine: 1.2 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $45K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
19
of 19 voting members
Looks good: 19 of 19 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$257K
Spent
$378K
To programs
0%
Net assets
$36K
By yearFY2024–FY2025
Revenue
$257K
FY2024
Tap a bar for its year
Revenue by fiscal year
FY2024$257K
FY2025$590K
Expenses
$378K
FY2024
Tap a bar for its year
Expenses by fiscal year
FY2024$378K
FY2025$500K
Net assets
$36K
FY2024
Tap a bar for its year
Net assets by fiscal year
FY2024$36K
FY2025$116K

From the FY2024 Form 990 (year ending June 2024) · see the original

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You’re viewing the FY2024 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Exemption reinstated. Listed in IRS Pub. 78 (as of October 2026). Latest filing on record: FY2025. IRS ruling in Jul 2002.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Who runs it and what they're paid

19 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Gapbuster executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Enriching student learning to boost achievement and close performance gaps.

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Provided by the organization

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1 program · in their own filed words · FY2023
01

Maryland State Dept. of Education

Pt IX · col B

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2024
The California EndowmentFY2024$45K
Total grants receivedfrom 1 funder$45K

By the numbers

The FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$257K
Ln 12
Gifts and grantsLn 1h$257K
Money outPt IX
$378K
Ln 25
Owns and owesPt X
$36K
net assets · Ln 32
Cash and savingsLn 1–2$36K
Total assetsLn 16$36K
LiabilitiesLn 26$0
PeoplePt VI, VII
19
listed · VII A
PaidVII A0
Voting boardVI 1a19
IndependentVI 1b19
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$257K
Government grantsLn 1e$256K
Fundraising eventsLn 1c$377
Total revenueLn 12$257K
Assets in detailPt X, end of year
CashLn 1$36K
Cash and savings togetherLn 1–2$36K
Total assetsLn 16$36K
LiabilitiesLn 26$0
Net assetsLn 32$36K
OperationsPt I, VI
EmployeesI 516
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$158K$36K
Total assetsLn 16$158K$36K
LiabilitiesLn 26$0$0
Net assetsLn 32$158K$36K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$0
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$338K
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$0
Payroll taxesLn 10$11K
Management feesLn 11a$0
Legal feesLn 11b$0
Accounting feesLn 11c$0
Lobbying feesLn 11d$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$0
Advertising and promotionLn 12$1K
Office expensesLn 13$4K
Information technologyLn 14$0
RoyaltiesLn 15$0
OccupancyLn 16$8K
TravelLn 17$2K
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$0
InterestLn 20$0
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$0
InsuranceLn 23$0
Other expenses (24a–d)Ln 24$6K
All other expensesLn 24e$8K
Total functional expensesLn 25$378K$0$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 LatestFiled with the IRS Nov 14, 2025 $590K$500K$90K$116K 990 PDF
FY2024 ViewingFiled with the IRS Feb 13, 2025 $257K$378K−$121K$36K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2024 990 (6 parts)
Part I · Summary $256,689 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $244,427$256,689
I-9 Program service revenue$0
I-10 Investment income$0
I-11 Other revenue$0
I-12 Total revenuePrior year $244,427$256,689
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $339,344$348,870
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $111,523$29,012
I-18 Total expensesPrior year $450,867$377,882
I-19 Revenue less expensesPrior year −$206,440−$121,193
Part VI · Governance 19 of 19 board members independent, 1 to look at
VI-1a Voting members of the governing body19
VI-1b Independent voting members19
VI-13 Written whistleblower policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $256,689 across 5 lines filed
VIII-1c Fundraising events$377
VIII-1e Government grants$256,300
VIII-1f All other contributions, gifts and grants$12
VIII-1h Total contributions, gifts and grants$256,689
VIII-12 Total revenue$256,689
Part IX · Statement of functional expenses $377,882 across 30 lines filed
IX-1 Grants to domestic organizations$0
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staff$0
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wages$338,025
IX-8 Pension plan contributions$0
IX-9 Other employee benefits$0
IX-10 Payroll taxes$10,845
IX-11a Management fees$0
IX-11b Legal fees$0
IX-11c Accounting fees$0
IX-11d Lobbying fees$0
IX-11f Investment management fees$0
IX-12 Advertising and promotion$1,371
IX-13 Office expenses$3,835
IX-14 Information technology$0
IX-15 Royalties$0
IX-16 Occupancy$7,540
IX-17 Travel$1,725
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$0
IX-20 Interest$0
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortization$0
IX-23 Insurance$0
IX-24 Other expenses (24a–d)$6,474
IX-24e All other expenses$8,067
IX-25 Total functional expensesPrograms $0 · Management $0 · Fundraising $0$377,882
Part X · Balance sheet $36,320 assets, 6 lines filed
X-1 Cash, non-interest-bearingStart of year $157,513$36,320
X-16 Total assetsStart of year $157,513$36,320
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $157,513$36,320
X-32 Total net assets or fund balancesStart of year $157,513$36,320
X-33 Total liabilities and net assetsStart of year $157,513$36,320
Part XI · Reconciliation of net assets $36,320 net assets at year end
XI-1 Total revenue$256,689
XI-2 Total expenses$377,882
XI-3 Revenue less expenses−$121,193
XI-4 Net assets at start of year$157,513
XI-10 Net assets at end of year$36,320

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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