Basser Arts Foundation
- Assets
- $1.0m
- Revenue
- $228.5k
- Investments
- $1.0m
- Employees
- 0
- Location
- Palm Beach, FL
- Founding
- 06/1984
- Data as of
- 12/2021
- EIN
- 13-3193560
Organization Overview
Basser Arts Foundation is located in Palm Beach, 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 12/2021, Basser Arts Foundation generated $228.5k in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (2.4%) each year.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
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 | $0 |
| Dividends & Interest | $0 |
| 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 | $228,478 |
| Total Revenue | $228,478 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $0 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $0 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,110 |
| 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 | $1,022,967 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,027,077 |
| 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 |
|---|---|
MIAMI BEACH CINEMATEQUE PURPOSE: CHARITABLE EXEMPT PURPOSE | $75,000 |
GUSH SHALOM PURPOSE: RELIGIOUS CULTURAL EDUCATION | $50,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Gwinnett Championship Foundation Inc Duluth, GA | $476,337 | $4,123,025 |
Digital Convergence Alliance Inc Tampa, FL | $2,233,099 | $3,394,790 |
Cobb Community Foundation Inc Atlanta, GA | $18,425,025 | $3,579,591 |
Creative City Collaborative Of Delray Beach Inc Delray Beach, FL | $1,041,652 | $1,722,998 |
School Of The Arts Foundation Inc West Palm Beach, FL | $10,434,549 | $1,851,470 |
Art Culture And Entertainment Inc Pensacola, FL | $146,996 | $1,084,283 |
I Love Music Tour Inc Jacksonville, FL | -$30,381 | $604,942 |
Nasyonbonsamariten Hollywood, FL | $12,299 | $594,257 |
Grsp Foundation Savannah, GA | $15,605,177 | $1,060,324 |
Thomas Dubois Hormel Foundation Inc Fort Lauderdale, FL | $7,512,533 | $223,029 |
Friends With Benefits Fund Augusta, GA | $3,687 | $377,157 |
Symphony Of The Americas Inc Fort Lauderdale, FL | $469,664 | $517,305 |