Bashinsky Foundation Inc
- Assets
- $2.6m
- Revenue
- $3.6m
- Investments
- $0.0
- Employees
- 0
- Location
- Birmingham, AL
- Founding
- 05/1988
- Data as of
- 12/2021
- EIN
- 63-0968201
Organization Overview
Bashinsky Foundation Inc is located in Birmingham, AL. The organization was established in 1988. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Bashinsky 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 12/2021, Bashinsky Foundation Inc generated $3.6m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 23.1% each year . All expenses for the organization totaled $12.4m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Bashinsky Foundation Inc has awarded 42 individual grants totaling $17,341,806. 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 P Mcklreoy Jr Chairman & Secretary | 0.75 | $0 | |
Patty Townsend President And Secretary-Treasurer | 0.75 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $294,941 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $3,266,275 |
| Capital Gain Net Income | $3,268,150 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $7,302 |
| Total Revenue | $3,568,518 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $14,194 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | -$10,321 |
| Total operating and administrative expenses | $111,749 |
| Contributions, gifts, grants paid | $12,270,441 |
| Total expenses and disbursements | $12,382,190 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | -$3 |
| Savings and temporary cash investments | $2,577,633 |
| 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 | $4,335 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $45,000 |
| Total assets | $2,626,965 |
| 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, Bashinsky Foundation Inc has awarded $12,270,441 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
AUBURN UNIVERSITY PURPOSE: CHARITABLE | $3,044,030 |
BIG OAK RANCH PURPOSE: CHARITABLE | $3,001,000 |
SAMFORD UNIVERSITY PURPOSE: CHARITABLE | $3,189,696 |
THE ALTAMONT SCHOOL PURPOSE: CHARITABLE | $23,884 |
UNIVERSITY OF ALABAMA PURPOSE: CHARITABLE | $3,000,000 |
UNIVERSITY OF PITTSBURGH PURPOSE: CHARITABLE | $11,831 |