Bassick Family Foundation
- Assets
- $1.6m
- Revenue
- $63.7k
- Investments
- $1.6m
- Employees
- 0
- Location
- Paxton, MA
- Founding
- 06/2010
- Data as of
- 12/2022
- EIN
- 27-6535184
Organization Overview
Bassick Family Foundation is located in Paxton, MA. The organization was established in 2010. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Bassick Family 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 12/2022, Bassick Family Foundation generated $63.7k 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 (4.8%) each year. All expenses for the organization totaled $151.7k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Bassick Family Foundation has awarded 105 individual grants totaling $1,358,425. 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
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Bassick Trustee | 0.5 | $5,000 | |
Susan Bassick Trustee | 0.5 | $5,000 | |
Jennifer Lisciotti Trustee | 0.5 | $5,000 | |
Matthew Bassick Trustee | 0.5 | $5,000 | |
Michael Bassick Trustee | 0.5 | $5,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $4 |
| Dividends & Interest | $40,119 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $23,590 |
| Capital Gain Net Income | $23,590 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $63,713 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $25,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,243 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $284 |
| Total operating and administrative expenses | $36,484 |
| Contributions, gifts, grants paid | $115,200 |
| Total expenses and disbursements | $151,684 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1 |
| Savings and temporary cash investments | $79,869 |
| 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 | $113,351 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,639,049 |
| 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, Bassick Family Foundation has awarded $115,200 in support to 17 organizations.
| Grant Recipient | Amount |
|---|---|
15-40 CONNECTION PURPOSE: GENERAL PURPOSE | $9,500 |
BE LIKE BRIT FOUNDATION INC PURPOSE: GENERAL PURPOSE | $5,000 |
CAPE COD HEALTHCARE FOUNDATION PURPOSE: GENERAL PURPOSE | $5,000 |
CALMER CHOICE PURPOSE: GENERAL PURPOSE | $1,000 |
CAPE KID MEALS PURPOSE: GENERAL PURPOSE | $1,000 |
BOSTON CHILDREN'S HOSPITAL TRUST PURPOSE: GENERAL PURPOSE | $1,000 |