Patricia E & John D Bassett Iii Foundation

Galax, VA
Tax-exempt since Dec. 1969
EIN: 23-7066445

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Type of Nonprofit

Designated as a 501(c)(3) Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Donations to this organization are tax deductible.

Revenue

$40.8k (2024)

Expenses

$72.4k (2024)

Total Assets

$881k (2024)

Total Liabilities

$0 (2024)

Source: Form 990 tax filings from 2011 to 2024

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Aug.
2024

Revenue

$40,802

Expenses

$72,406

Net Income

-$31,604

Net Assets

$881,418

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$31,049	76.1%
Sales of Assets	$9,753	23.9%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$60,910	84.1%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$881,418
Total Liabilities	$0
Net Assets	$881,418

Compensation

Key Employees and Officers	Compensation	Other
John D Bassett Iii (President)	$0	$0
Patricia E Bassett (Secretary)	$0	$0
John D Bassett Iv (Vice President)	$0	$0
Frances B Poole (Vice President)	$0	$0
Wyatt P Bassett (Vice President)	$0	$0
Ashton Poole (Vice President)	$0	$0
Ellen Bassett (Vice President)	$0	$0

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990-PF

Filed on March 25, 2025

Primary tax return for a private foundation's activities, finances, and governance

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XML

Fiscal Year Ending Aug.
2023

Revenue

$61,035

Expenses

$91,307

Net Income

-$30,272

Net Assets

$913,022

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$24,621	40.3%
Sales of Assets	$36,414	59.7%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$81,280	89.0%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$913,022
Total Liabilities	$0
Net Assets	$913,022

Compensation

Key Employees and Officers	Compensation	Other
John D Bassett Iii (President)	$0	$0
Patricia E Bassett (Secretary)	$0	$0
John D Bassett Iv (Vice President)	$0	$0
Frances B Poole (Vice President)	$0	$0
Wyatt P Bassett (Vice President)	$0	$0
Ashton Poole (Vice President)	$0	$0
Ellen Bassett (Vice President)	$0	$0

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990-PF

Filed on Jan. 15, 2024

Primary tax return for a private foundation's activities, finances, and governance

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XML

Fiscal Year Ending Aug.
2022

Revenue

$65,869

Expenses

$85,274

Net Income

-$19,405

Net Assets

$943,294

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$16,138	24.5%
Sales of Assets	$48,048	72.9%
Other Income	$1,683	2.6%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$73,685	86.4%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$943,294
Total Liabilities	$0
Net Assets	$943,294

Compensation

Key Employees and Officers	Compensation	Other
John D Bassett Iii (President)	$0	$0
Patricia E Bassett (Secretary)	$0	$0
John D Bassett Iv (Vice President)	$0	$0
Frances B Poole (Vice President)	$0	$0
Wyatt P Bassett (Vice President)	$0	$0
Ashton Poole (Vice President)	$0	$0
Ellen Bassett (Vice President)	$0	$0

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990-PF

Filed on Feb. 19, 2023

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Aug.
2021

Revenue

$61,654

Expenses

$75,755

Net Income

-$14,101

Net Assets

$962,699

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$14,577	23.6%
Sales of Assets	$47,077	76.4%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$62,000	81.8%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$962,699
Total Liabilities	$0
Net Assets	$962,699

Compensation

Key Employees and Officers	Compensation	Other
John D Bassett Iii (President)	$0	$0
Patricia E Bassett (Secretary)	$0	$0
John D Bassett Iv (Vice President)	$0	$0
Ellen Bassett (Vice President)	$0	$0
Frances B Poole (Vice President)	$0	$0
E Ashton Poole (Vice President)	$0	$0
Wyatt P Bassett (Vice President)	$0	$0

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990-PF

Filed on Jan. 17, 2022

Primary tax return for a private foundation's activities, finances, and governance

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XML

Fiscal Year Ending Aug.
2020

Revenue

$99,224

Expenses

$78,801

Net Income

$20,423

Net Assets

$976,799

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$17,971	18.1%
Sales of Assets	$81,253	81.9%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$63,000	79.9%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$976,800
Total Liabilities	$1
Net Assets	$976,799

Compensation

Key Employees and Officers	Compensation	Other
John D Bassett Iii (President)	$0	$0
Patricia E Bassett (Secretary)	$0	$0
John D Bassett Iv (Vice President)	$0	$0
Ellen Bassett (Vice President)	$0	$0
Frances B Poole (Vice President)	$0	$0
E Ashton Poole (Vice President)	$0	$0
Wyatt P Bassett (Vice President)	$0	$0

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990-PF

Filed on July 14, 2021

Primary tax return for a private foundation's activities, finances, and governance

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XML

Fiscal Year Ending Aug.
2019

Revenue

$301,473

Expenses

$62,640

Net Income

$238,833

Net Assets

$956,376

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$74,594	24.7%
Interest Revenue	$0
Dividends	$16,624	5.5%
Sales of Assets	$210,255	69.7%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$49,600	79.2%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$956,377
Total Liabilities	$1
Net Assets	$956,376

Compensation

Key Employees and Officers	Compensation	Other
John D Bassett Iii (President)	$0	$0
Patricia E Bassett (Secretary)	$0	$0
John D Bassett Iv (Vice President)	$0	$0
Ellen Bassett (Vice President)	$0	$0
Frances B Poole (Vice President)	$0	$0
E Ashton Poole (Vice President)	$0	$0
Wyatt P Bassett (Vice President)	$0	$0

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990-PF

Filed on July 13, 2020

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Aug.
2018

Revenue

$60,536

Expenses

$106,933

Net Income

-$46,397

Net Assets

$717,544

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$16,523	27.3%
Sales of Assets	$44,013	72.7%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$96,500	90.2%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$717,544
Total Liabilities	$0
Net Assets	$717,544

Compensation

Key Employees and Officers	Compensation	Other
John D Bassett Iii (President)	$0	$0
Patricia E Bassett (Secretary)	$0	$0
John D Bassett Iv (Vice President)	$0	$0
Frances B Poole (Vice President)	$0	$0
Wyatt P Bassett (Vice President)	$0	$0

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990-PF

Filed on May 10, 2019

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Aug.
2017

Revenue

$91,774

Expenses

$51,875

Net Income

$39,899

Net Assets

$763,941

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$17,397	19.0%
Sales of Assets	$74,377	81.0%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$42,166	81.3%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$763,941
Total Liabilities	$0
Net Assets	$763,941

Compensation

Key Employees and Officers	Compensation	Other
John D Bassett Iii (President)	$0	$0
Patricia E Bassett (Secretary)	$0	$0
John D Bassett Iv (Vice President)	$0	$0
Ellen Bassett (Vice President)	$0	$0
Frances B Poole (Vice President)	$0	$0
E Ashton Poole (Vice President)	$0	$0
Wyatt P Bassett (Vice President)	$0	$0

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990-PF

Filed on Jan. 10, 2018

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Aug.
2016

Revenue

$46,353

Expenses

$50,861

Net Income

-$4,508

Net Assets

$724,042

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$4	0.0%
Dividends	$17,703	38.2%
Sales of Assets	$28,646	61.8%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$39,975	78.6%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$724,042
Total Liabilities	$0
Net Assets	$724,042

Compensation

Key Employees and Officers	Compensation	Other
John D Bassett Iii (President)	$0	$0
Patricia E Bassett (Secretary)	$0	$0
John D Bassett Iv (Vice President)	$0	$0
Ellen Bassett (Vice President)	$0	$0
Frances B Poole (Vice President)	$0	$0
E Ashton Poole (Vice President)	$0	$0
Wyatt P Bassett (Vice President)	$0	$0

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990-PF

Filed on Dec. 13, 2016

Primary tax return for a private foundation's activities, finances, and governance

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PDF (2 of 2)

Fiscal Year Ending Aug.
2015

Revenue

$103,907

Expenses

$19,840

Net Income

$84,067

Net Assets

$728,550

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$16,062	15.5%
Sales of Assets	$87,845	84.5%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$8,800	44.4%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$728,550
Total Liabilities	$0
Net Assets	$728,550

Compensation

Key Employees and Officers	Compensation	Other
John D Bassett Iii (President)	$0	$0
Patricia E Bassett (Secretary)	$0	$0
John D Bassett Iv (Vice President)	$0	$0
Ellen Bassett (Vice President)	$0	$0
Frances B Poole (Vice President)	$0	$0
E Ashton Poole (Vice President)	$0	$0
Wyatt P Bassett (Vice President)	$0	$0

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990-PF

Filed on Jan. 14, 2016

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Aug.
2014

Revenue

$72,387

Expenses

$48,015

Net Income

$24,372

Net Assets

$644,483

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$16,967	23.4%
Sales of Assets	$55,420	76.6%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$41,400	86.2%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$644,483
Total Liabilities	$0
Net Assets	$644,483

Compensation

Key Employees and Officers	Compensation	Other
John D Bassett Iii (President)	$0	$0
Patricia E Bassett (Secretary)	$0	$0
John D Bassett Iv (Vice President)	$0	$0
Ellen Bassett (Vice President)	$0	$0
Frances B Poole (Vice President)	$0	$0
E Ashton Poole (Vice President)	$0	$0
Wyatt P Bassett (Vice President)	$0	$0

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990-PF

Filed on March 26, 2015

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Aug.
2013

Revenue

$44,852

Expenses

$47,009

Net Income

-$2,157

Net Assets

$618,810

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$17,542	39.1%
Sales of Assets	$27,310	60.9%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$38,000	80.8%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$618,811
Total Liabilities	$1
Net Assets	$618,810

990-PF

Filed on March 21, 2014

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Aug.
2012

Revenue

$28,134

Expenses

$50,536

Net Income

-$22,402

Net Assets

$622,020

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$198	0.7%
Dividends	$15,058	53.5%
Sales of Assets	$12,878	45.8%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$43,000	85.1%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$622,021
Total Liabilities	$1
Net Assets	$622,020

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Aug.
2011

Revenue

$93,644

Expenses

$43,512

Net Income

$50,132

Net Assets

$643,602

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$204	0.2%
Dividends	$39,031	41.7%
Sales of Assets	$52,219	55.8%
Other Income	$2,190	2.3%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$33,000	75.8%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$646,102
Total Liabilities	$2,500
Net Assets	$643,602

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

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Updated January 26, 2026

Patricia E & John D Bassett Iii Foundation

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $40.8k (2024)

Expenses $72.4k (2024)

Total Assets $881k (2024)

Total Liabilities $0 (2024)

Tax Filings by Year

Fiscal Year Ending Aug. 2024

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Aug. 2023

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Aug. 2022

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Aug. 2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Aug. 2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Aug. 2019

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Aug. 2018

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Aug. 2017

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Aug. 2016

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Aug. 2015

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Aug. 2014

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Aug. 2013

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

Revenue

$40.8k (2024)

Expenses

$72.4k (2024)

Total Assets

$881k (2024)

Total Liabilities

$0 (2024)

Fiscal Year Ending Aug.
2024

Fiscal Year Ending Aug.
2023

Fiscal Year Ending Aug.
2022

Fiscal Year Ending Aug.
2021

Fiscal Year Ending Aug.
2020

Fiscal Year Ending Aug.
2019

Fiscal Year Ending Aug.
2018

Fiscal Year Ending Aug.
2017

Fiscal Year Ending Aug.
2016

Fiscal Year Ending Aug.
2015

Fiscal Year Ending Aug.
2014

Fiscal Year Ending Aug.
2013

Fiscal Year Ending Aug.
2012

Fiscal Year Ending Aug.
2011

Fiscal Year Ending Aug.
2010

Fiscal Year Ending Aug.
2009

Fiscal Year Ending Aug.
2008

Fiscal Year Ending Aug.
2007

Fiscal Year Ending Aug.
2006

Fiscal Year Ending Aug.
2005

Fiscal Year Ending Aug.
2004

Fiscal Year Ending Aug.
2003

Fiscal Year Ending Aug.
2002

Fiscal Year Ending Aug.
2001