Mercedes T Bass Charitable Corporation
- Assets
- $633.1k
- Revenue
- $3.2m
- Investments
- $0.0
- Employees
- 0
- Location
- Fort Worth, TX
- Founding
- 07/2007
- Data as of
- 06/2024
- EIN
- 20-8666619
Organization Overview
Mercedes T Bass Charitable Corporation is located in Fort Worth, TX. The organization was established in 2007. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mercedes T Bass Charitable Corporation 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 06/2024, Mercedes T Bass Charitable Corporation generated $3.2m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (4.5%) each year. All expenses for the organization totaled $7.2m during the year ending 06/2024. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Mercedes T Bass Charitable Corporation has awarded 307 individual grants totaling $35,803,800. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Board, Officers & Key Employees
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $3,223,833 |
| Interest on Savings | $24,014 |
| 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 | $0 |
| Total Revenue | $3,247,847 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $344 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $344 |
| Contributions, gifts, grants paid | $7,230,950 |
| Total expenses and disbursements | $7,231,294 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $633,064 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $633,064 |
| Accounts payable and accrued expenses | $344 |
| Grants payable | $4,000,000 |
| 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 | $4,000,344 |
Grants Awarded
Over the last fiscal year, Mercedes T Bass Charitable Corporation has awarded $3,230,950 in support to 17 organizations.
| Grant Recipient | Amount |
|---|---|
ASCPA PURPOSE: GENERAL PURPOSE | $500 |
AMERICAN FRIENDS OF KESHET EILON INC PURPOSE: GENERAL PURPOSE | $5,000 |
CAMINOS DEL INKA PURPOSE: GENERAL PURPOSE | $35,000 |
ASPEN MUSIC FESTIVAL AND SCHOOL PURPOSE: GENERAL PURPOSE | $770,000 |
FORT WORTH OPERA PURPOSE: GENERAL PURPOSE | $5,000 |
FORT WORTH SYMPHONY ORCHESTRA PURPOSE: GENERAL PURPOSE | $2,201,450 |