Bassett Foundation Inc
EIN: 470756046 · Bassett, NE · NTEE: T30
| Metric | Value |
|---|---|
| Total Revenue | $9K |
| Total Expenses | $1K |
| Net Assets | $225K |
Is Bassett Foundation Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Bassett Foundation Inc
Bassett Foundation Inc (EIN: 470756046) is a nonprofit organization based in Bassett, NE, classified under NTEE code T30. The organization reported total revenue of $9K and total assets of $485K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Bassett Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Bassett Foundation Inc is a micro nonprofit that has been operating for 31 years, with 10 years of IRS 990 filings on record (2011–2020). Revenue has grown at a compound annual rate of -4.7%.
Key Financial Metrics (2020)
From the most recent IRS 990 filing on record:
| Total Revenue | $9K |
| Total Expenses | $1K |
| Surplus / Deficit | +$7K |
| Total Assets | $485K |
| Total Liabilities | $260K |
| Net Assets | $225K |
| Operating Margin | 86.4% |
| Debt-to-Asset Ratio | 53.6% |
| Months of Reserves | 5013.0 months |
Financial Health Grade: A
In 2020, Bassett Foundation Inc reported a surplus of $7K with revenue exceeding expenses, holds 5013.0 months of operating reserves (strong position), has a debt-to-asset ratio of 53.6% (high leverage).
Financial Trends
Over 10 years of filings (2011–2020), Bassett Foundation Inc's revenue has declined at a compound annual growth rate (CAGR) of -4.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2020 | -12.8% | -96.0% | +1.7% |
| 2019 | -90.2% | +111.8% | -3.2% |
| 2018 | +957.9% | +424.3% | +110.5% |
| 2017 | -78.1% | -91.7% | +3.0% |
| 2016 | +682.9% | -10.7% | +5.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1995 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Bassett Foundation Inc has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Bassett Foundation Inc with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2020)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $7K, with revenue exceeding expenses.
- Debt-to-asset ratio: 53.6%.
Frequently Asked Questions about Bassett Foundation Inc
Is Bassett Foundation Inc a legitimate charity?
Bassett Foundation Inc (EIN: 470756046) is a registered tax-exempt nonprofit based in Nebraska. It has 10 years of IRS 990 filings on record. Total revenue: $9K. No red flags identified. Financial health grade: A.
How does Bassett Foundation Inc spend its money?
Bassett Foundation Inc reported $9K in total revenue in IRS 990 filings. 10 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Bassett Foundation Inc tax-deductible?
Bassett Foundation Inc is registered as a tax-exempt nonprofit (EIN: 470756046). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Bassett Foundation Inc located?
Bassett Foundation Inc is headquartered in Bassett, Nebraska and files with the IRS under EIN 470756046. It is classified under NTEE code T30.
How many years of IRS 990 filings does Bassett Foundation Inc have?
Bassett Foundation Inc has 10 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $9K in total revenue.
Filing History
IRS 990 filing history for Bassett Foundation Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2020), Bassett Foundation Inc's revenue has declined by 35.4%, moving from $13K to $9K. Total assets increased by 49.8% over the same period, from $323K to $485K. Total functional expenses rose by 32.4%, from $876 to $1K. In its most recent filing year (2020), Bassett Foundation Inc reported a surplus of $7K, with revenue exceeding expenses. The organization holds $260K in liabilities against $485K in assets (debt-to-asset ratio: 53.6%), resulting in net assets of $225K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2020 | $9K | $1K | $485K | $260K | — | View 990 |
| 2019 | $10K | $29K | $476K | $259K | — | View 990 |
| 2018 | $100K | $14K | $492K | $256K | — | View 990 |
| 2017 | $9K | $3K | $234K | $84K | — | View 990 |
| 2016 | $43K | $31K | $227K | $84K | — | View 990 |
| 2015 | $6K | $35K | $215K | $84K | — | View 990 |
| 2014 | $23K | $29K | $245K | $84K | — | View 990 |
| 2013 | $53K | $85K | $251K | $84K | — | View 990 |
| 2012 | $43K | $13K | $348K | $84K | — | View 990 |
| 2011 | $13K | $876 | $323K | $89K | — | View 990 |
Year-by-Year Financial Summary
- 2020: Revenue of $9K, expenses of $1K, and assets of $485K (revenue -12.8% year-over-year).
- 2019: Revenue of $10K, expenses of $29K, and assets of $476K (revenue -90.2% year-over-year).
- 2018: Revenue of $100K, expenses of $14K, and assets of $492K (revenue +957.9% year-over-year).
- 2017: Revenue of $9K, expenses of $3K, and assets of $234K (revenue -78.1% year-over-year).
- 2016: Revenue of $43K, expenses of $31K, and assets of $227K (revenue +682.9% year-over-year).
- 2015: Revenue of $6K, expenses of $35K, and assets of $215K (revenue -76.0% year-over-year).
- 2014: Revenue of $23K, expenses of $29K, and assets of $245K (revenue -56.5% year-over-year).
- 2013: Revenue of $53K, expenses of $85K, and assets of $251K (revenue +24.2% year-over-year).
- 2012: Revenue of $43K, expenses of $13K, and assets of $348K (revenue +221.3% year-over-year).
- 2011: Revenue of $13K, expenses of $876, and assets of $323K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Bassett Foundation Inc:
Data Sources and Methodology
This transparency report for Bassett Foundation Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.