Basch Family Foundation
- Assets
- $157.2k
- Revenue
- $11.1k
- Investments
- $153.5k
- Employees
- 0
- Location
- Indianapolis, IN
- Founding
- 02/2006
- Data as of
- 12/2022
- EIN
- 20-2038526
Organization Overview
Basch Family Foundation is located in Indianapolis, IN. The organization was established in 2006. According to its NTEE Classification (B12) the organization is classified as: Fund Raising & Fund Distribution, 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. Basch 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, Basch Family Foundation generated $11.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (4.5%) each year. All expenses for the organization totaled $11.0k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Charles Basch President | 0.25 | $0 | |
Adam Basch Secretary | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $4 |
| Dividends & Interest | $11,107 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $29 |
| Capital Gain Net Income | $29 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $11,140 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $152 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $952 |
| Contributions, gifts, grants paid | $10,000 |
| Total expenses and disbursements | $10,952 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,678 |
| 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 | $157,192 |
| 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 | $500 |
| Total liabilities | $500 |
Grants Awarded
Over the last fiscal year, Basch Family Foundation has awarded $10,000 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
SMILE TRAIN PURPOSE: TO FUND RELIGIOUS AND CHARITABLE CAUSES | $500 |
GOOD NEWS MINISTRIES PURPOSE: TO FUND RELIGIOUS AND CHARITABLE CAUSES | $250 |
NEIGHBORHOOD FELLOWSHIP PURPOSE: TO FUND RELIGIOUS AND CHARITABLE CAUSES | $7,500 |
INSTITUTE FOR CHRISTIAN THOUGHT PURPOSE: TO FUND RELIGIOUS AND CHARITABLE CAUSES | $1,000 |
LIFE CENTERS PURPOSE: TO FUND RELIGIOUS AND CHARITABLE CAUSES | $250 |
WHEELER MISSIONS PURPOSE: TO FUND RELIGIOUS AND CHARITABLE CAUSES | $500 |