Michael Basso Memorial Foundation
- Assets
- $319.9k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- San Rafael, CA
- Founding
- 02/1996
- Data as of
- 10/2021
- EIN
- 68-0342850
Organization Overview
Michael Basso Memorial Foundation is located in San Rafael, CA. The organization was established in 1996. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Michael Basso Memorial 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 10/2021, Michael Basso Memorial Foundation generated $21.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (5.3%) each year. All expenses for the organization totaled $15.3k during the year ending 10/2021. As we would expect to see with falling revenues, expenses have declined by (15.2%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
PROVIDED TOTAL SCHOLARSHIPS OF $13,500 AND OTHER SUPPORT TO NEEDY FAMILIES AND ORGANIZATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David William Basso Director | 0 | $0 | |
Gregory David Basso Director | 0 | $0 | |
Kathleen Murray Director | 0 | $0 | |
David Vincent Basso Director | 0 | $0 | |
Frank Brady Director | 0 | $0 | |
Phillip Ferris Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,860 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $19,233 |
| Gain or Loss | -$13 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $21,080 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $1,295 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $13,996 |
| Total expenses | $15,291 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $46,585 |
| Other assets | $0 |
| Total assets | $319,947 |
| Total liabilities | $0 |
| Net assets or fund balances | $319,947 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Foundation For Global Sports Development Los Angeles, CA | $28,471,591 | $19,690,244 |
Ressler Gertz Foundation Encino, CA | $41,227,955 | $63,459,065 |
Basic Fund Oakland, CA | $23,987,500 | $9,637,782 |
The Roddenberry Foundation Sherman Oaks, CA | $90,372,865 | $11,204,960 |
Scholarship Foundation Of Santa Barbara Santa Barbara, CA | $64,291,323 | $9,987,149 |
Bettye Poetz Ferguson Foundation San Francisco, CA | $18,979,772 | $3,373,943 |
Arizona Private Education Scholarship Fund Inc Scottsdale, AZ | $4,340,429 | $7,500,005 |
Gilead Sciences Foundation Foster City, CA | $126,155,891 | $168,265,797 |
Draper Foundation San Mateo, CA | $195,149,192 | $78,341,825 |
School Choice Arizona Inc Chandler, AZ | $10,615,298 | $8,926,972 |
College Success Arizona Phoenix, AZ | $19,037,884 | $6,349,882 |
Orange Coast College Foundation Costa Mesa, CA | $45,211,375 | $13,270,788 |