Overview
What is The Michael Basso Memorial Foundation?
The Michael Basso Memorial Foundation is a nonprofit organization committed to supporting needy families and charitable institutions. Their efforts include providing scholarships, making significant donations, and offering additional forms of assistance totaling $18,400 and $13,500, respectively. Their primary goal is to extend aid to various educational institutions and families in need. The foundation also contributes donations, amounting to $7,000, to further support these families and organizations.
Is The Michael Basso Memorial Foundation legitimate?
The Michael Basso Memorial Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Michael Basso Memorial Foundation submitted a form 990EZ, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
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What is the mission statement of The Michael Basso Memorial Foundation?
The Michael Basso Memorial Foundation's mission involves offering financial aid and support to underprivileged families and charitable institutions. Specifically, they provide scholarships, donations, and various forms of assistance to needy individuals and organizations. The foundation's mission is to contribute to the betterment of these communities by offering them necessary financial support. Over the years, they have distributed a substantial amount of funds, totaling over $40,900, to serve this purpose.
What is the revenue of The Michael Basso Memorial Foundation?
The Michael Basso Memorial Foundation's revenue in 2022 was $20,951.
Who are the executives of The Michael Basso Memorial Foundation and what are their salaries?
Here are 7 key members and their salaries:
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Where can I find the form 990EZ for The Michael Basso Memorial Foundation?
The Michael Basso Memorial Foundation's most recent form 990EZ was submitted in 2022 and can be accessed here.
Mission Statement of The Michael Basso Memorial Foundation
The Michael Basso Memorial Foundation is an organization committed to extending aid to needy families and charitable institutions. Its primary mission is to provide financial assistance through scholarships and donations. The foundation has demonstrated its dedication by disbursing a significant sum of $11,000 in scholarships, $12,500 in donations, and offering additional support worth $18,400 to those in need. Recognizing the importance of education, the foundation has also granted scholarships totaling $13,500 and extended additional support to deserving individuals and organizations. By offering these resources, The Michael Basso Memorial Foundation seeks to contribute positively to the community and support the growth and well-being of various beneficiaries.
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Impact
August, 2024
The Michael Basso Memorial Foundation has had a significant impact on needy families and organizations by providing a total of $11,000 in scholarships, $12,500 in donations, and $18,400 in other support. Additionally, the foundation has given out $13,500 in scholarships and other assistance to those in need, as well as contributed $7,000 in donations to support various causes. Through its mission to provide scholarships, donations, and support to charitable and educational institutions, the foundation has made a meaningful difference in the lives of many individuals and communities.
This information is meant to be a general summary of The Michael Basso Memorial Foundation. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $18,503
- Gross Receipts: $50,966
Assets and Liabilities:
- Total Assets: $281,013
- Total Liabilities: $0
- Net Assets: $281,013
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Organization Details
NTEE Category
Code: B82 - Education
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