Kathryn A Basile Foster A Dream Foundation Inc
- Assets
- $359.7k
- Revenue
- $40.6k
- Investments
- $322.5k
- Employees
- 0
- Location
- Port St Lucie, FL
- Founding
- 01/2010
- Data as of
- 12/2023
- EIN
- 27-0871557
Organization Overview
Kathryn A Basile Foster A Dream Foundation Inc is located in Port St Lucie, FL. 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. Kathryn A Basile Foster A Dream Foundation Inc 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 12/2023, Kathryn A Basile Foster A Dream Foundation Inc generated $40.6k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 5.7% each year. All expenses for the organization totaled $59.6k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Kathryn A Basile Foster A Dream Foundation Inc has awarded 23 individual grants totaling $262,760. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
COMMUNITIES CONNECTED FOR KIDS (FLORIDA NONPROFIT ORGANIZATION)
FUNDING FOR BEN FRANKLIN INSTITUTE OF TECHNOLOGY (EDUCATIONAL INSTITUTION)
BOYS AND GIRLS CLUB OF ST. LUCIE (FLORIDA NONPROFIT ORGANIZATION)
UMASS-BOSTON (EDUCATIONAL INSTITUTION)
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stephen Basile President | 5 | $0 | |
Jay Mcbee Treasurer | 1 | $0 | |
Lynn Silva Secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $25,824 |
| Interest on Savings | $0 |
| Dividends & Interest | $4,331 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $10,470 |
| Capital Gain Net Income | $10,470 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $40,625 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $966 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $705 |
| Other expenses | $153 |
| Total operating and administrative expenses | $3,579 |
| Contributions, gifts, grants paid | $56,000 |
| Total expenses and disbursements | $59,579 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $28,766 |
| Savings and temporary cash investments | $3,549 |
| 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 | $322,508 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $4,894 |
| Total assets | $359,717 |
| 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, Kathryn A Basile Foster A Dream Foundation Inc has awarded $56,000 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
COMMUNITIES CONNECTED FOR KIDS PURPOSE: FOSTER CHILDRENFUNDING PROGRAMASSISTANCE | $12,000 |
BEN FRANKLIN INSTITUTE OF TECHNOLOGY PURPOSE: EDUCATIONAL GRANT FOR QUALIFYINGSTUDENT | $16,000 |
BOYS AND GIRLS CLUB OF ST LUCIE COUNTY PURPOSE: ACTIVITIES FOR CHILDREN | $12,000 |
UNIVERSITY OF MASSACHUSETTS BOSTON PURPOSE: EDUCATIONGRANT FOR QUALIFYINGSTUDENT | $16,000 |