Basser Arts Foundation
- Assets
- $1.0m
- Revenue
- $46.1k
- Investments
- $1.0m
- Employees
- 0
- Location
- Palm Beach Gardens, FL
- Founding
- 06/1984
- Data as of
- 12/2023
- EIN
- 13-3193560
Organization Overview
Basser Arts Foundation is located in Palm Beach Gardens, FL. The organization was established in 1984. According to its NTEE Classification (A12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Basser Arts Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Basser Arts Foundation generated $46.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (19.6%) each year. All expenses for the organization totaled $11.8k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (24.5%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $56 |
| Dividends & Interest | $46,086 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $46,142 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $186 |
| Depreciation | $0 |
| Occupancy | $7,333 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $541 |
| Total operating and administrative expenses | $10,560 |
| Contributions, gifts, grants paid | $1,200 |
| Total expenses and disbursements | $11,760 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $24,487 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $1,000,769 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $917 |
| Total assets | $1,026,173 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Basser Arts Foundation has awarded $125,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
GUSH SHALOM PURPOSE: RELIGIOUS CULTURAL EDUCATION | $50,000 |
MIAMI BEACH CINEMATEQUE PURPOSE: CHARITABLE EXEMPT PURPOSE | $75,000 |