Meserve Basily Fund

Dallas, TX
Tax-exempt since July 1965
EIN: 52-6060897

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.

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 Dec.
2024

Revenue

$259,502

Expenses

$145,423

Net Income

$114,079

Net Assets

$2,616,944

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$72,560	28.0%
Sales of Assets	$186,942	72.0%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$114,484	78.7%
Compensation of Officers*	$39,591	27.2%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$2,616,944
Total Liabilities	$0
Net Assets	$2,616,944

Compensation

Key Employees and Officers	Compensation	Other
Bank Of America N A (Co Trustee)	$30,510	$0
Craig Lewis (Co Trustee)	$9,081	$0

990-PF

Filed on April 10, 2025

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

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Fiscal Year Ending Dec.
2023

Revenue

$38,354

Expenses

$132,346

Net Income

-$93,992

Net Assets

$2,505,555

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$64,091	> 100%
Sales of Assets	-$33,964
Other Income	$8,227	21.5%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$107,161	81.0%
Compensation of Officers*	$35,164	26.6%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$2,505,555
Total Liabilities	$0
Net Assets	$2,505,555

Compensation

Key Employees and Officers	Compensation	Other
Bank Of America N A (Co Trustee)	$28,131	$0
Craig Lewis (Co Trustee)	$7,033	$0

990-PF

Filed on Oct. 22, 2024

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

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Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2022

Revenue

-$91,309

Expenses

$199,580

Net Income

-$290,889

Net Assets

$2,600,554

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$50,744
Sales of Assets	-$142,053
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$156,352	78.3%
Compensation of Officers*	$36,105	18.1%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$2,600,554
Total Liabilities	$0
Net Assets	$2,600,554

Compensation

Key Employees and Officers	Compensation	Other
Bank Of America N A (Co Trustee)	$28,851	$0
Craig Lewis (Co Trustee)	$7,254	$0

990-PF

Filed on April 11, 2023

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

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Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2021

Revenue

$675,266

Expenses

$167,305

Net Income

$507,961

Net Assets

$2,891,399

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$54,528	8.1%
Sales of Assets	$619,181	91.7%
Other Income	$1,557	0.2%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$138,435	82.7%
Compensation of Officers*	$39,972	23.9%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$2,891,399
Total Liabilities	$0
Net Assets	$2,891,399

Compensation

Key Employees and Officers	Compensation	Other
Bank Of America N A (Co Trustee)	$31,914	$0
Craig Lewis (Co Trustee)	$8,058	$0

990-PF

Filed on April 26, 2022

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

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XML

Fiscal Year Ending Dec.
2020

Revenue

$68,472

Expenses

$192,561

Net Income

-$124,089

Net Assets

$2,380,969

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$43,637	63.7%
Sales of Assets	$24,835	36.3%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$165,254	85.8%
Compensation of Officers*	$34,513	17.9%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$2,380,970
Total Liabilities	$1
Net Assets	$2,380,969

Compensation

Key Employees and Officers	Compensation	Other
Bank Of America N A (Co Trustee)	$27,553	$0
Craig Lewis (Co Trustee)	$6,960	$0

990-PF

Filed on April 15, 2021

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

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XML

Fiscal Year Ending Dec.
2019

Revenue

$134,051

Expenses

$122,162

Net Income

$11,889

Net Assets

$2,505,018

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$66,789	49.8%
Sales of Assets	$66,174	49.4%
Other Income	$1,088	0.8%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$98,397	80.5%
Compensation of Officers*	$34,521	28.3%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$2,505,019
Total Liabilities	$1
Net Assets	$2,505,018

Compensation

Key Employees and Officers	Compensation	Other
Bank Of America N A (Co Trustee)	$27,555	$0
Craig Lewis (Co Trustee)	$6,966	$0

990-PF

Filed on April 23, 2020

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

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Fiscal Year Ending Dec.
2018

Revenue

$192,662

Expenses

$170,173

Net Income

$22,489

Net Assets

$2,497,555

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$52,141	27.1%
Sales of Assets	$140,521	72.9%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$137,739	80.9%
Compensation of Officers*	$35,564	20.9%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$2,497,555
Total Liabilities	$0
Net Assets	$2,497,555

Compensation

Key Employees and Officers	Compensation	Other
Bank Of America N A (Co Trustee)	$27,789	$0
Craig Lewis (Co Trustee)	$7,775	$0

990-PF

Filed on April 24, 2019

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

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Fiscal Year Ending Dec.
2017

Revenue

$235,074

Expenses

$143,964

Net Income

$91,110

Net Assets

$2,471,935

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$51,301	21.8%
Sales of Assets	$183,109	77.9%
Other Income	$664	0.3%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$120,283	83.6%
Compensation of Officers*	$34,208	23.8%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$2,471,935
Total Liabilities	$0
Net Assets	$2,471,935

Compensation

Key Employees and Officers	Compensation	Other
Bank Of America N A (Co Trustee)	$27,317	$0
Craig Lewis (Co Trustee)	$6,891	$0

990-PF

Filed on April 19, 2018

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

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Fiscal Year Ending Dec.
2016

Revenue

$12,042

Expenses

$138,485

Net Income

-$126,443

Net Assets

$2,404,628

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$49,814	> 100%
Sales of Assets	-$53,565
Other Income	$15,793	> 100%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$116,666	84.2%
Compensation of Officers*	$32,025	23.1%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$2,404,628
Total Liabilities	$0
Net Assets	$2,404,628

Compensation

Key Employees and Officers	Compensation	Other
Bank Of America N A (Co Trustee)	$25,050	$0
Craig Lewis (Co Trustee)	$6,975	$0

990-PF

Filed on April 4, 2017

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

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Fiscal Year Ending Dec.
2015

Revenue

$84,615

Expenses

$153,534

Net Income

-$68,919

Net Assets

$2,541,494

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$55,798	65.9%
Sales of Assets	$28,817	34.1%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$109,061	71.0%
Compensation of Officers*	$33,518	21.8%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$2,541,494
Total Liabilities	$0
Net Assets	$2,541,494

Compensation

Key Employees and Officers	Compensation	Other
Bank Of America N A (Co Trustee)	$26,752	$0
Craig Lewis (Co Trustee)	$6,766	$0

990-PF

Filed on April 21, 2016

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

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Fiscal Year Ending Dec.
2014

Revenue

$932,816

Expenses

$181,385

Net Income

$751,431

Net Assets

$2,625,748

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$55,730	6.0%
Sales of Assets	$877,086	94.0%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$132,737	73.2%
Compensation of Officers*	$35,721	19.7%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$2,625,748
Total Liabilities	$0
Net Assets	$2,625,748

Compensation

Key Employees and Officers	Compensation	Other
Bank Of America N A (Co Trustee)	$28,665	$0
Craig Lewis (Co Trustee)	$7,056	$0

990-PF

Filed on April 2, 2015

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

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Fiscal Year Ending Dec.
2013

Revenue

$738,108

Expenses

$161,248

Net Income

$576,860

Net Assets

$1,828,388

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$73,804	10.0%
Sales of Assets	$664,311	90.0%
Other Income	-$7

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$136,459	84.6%
Compensation of Officers*	$32,703	20.3%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,828,388
Total Liabilities	$0
Net Assets	$1,828,388

990-PF

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

PDF

Fiscal Year Ending Dec.
2012

Revenue

$195,235

Expenses

$109,326

Net Income

$85,909

Net Assets

$1,157,082

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$69,913	35.8%
Sales of Assets	$125,322	64.2%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$90,879	83.1%
Compensation of Officers*	$26,045	23.8%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,157,082
Total Liabilities	$0
Net Assets	$1,157,082

990-PF

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

PDF

Fiscal Year Ending Dec.
2011

Revenue

$130,632

Expenses

$110,530

Net Income

$20,102

Net Assets

$1,168,166

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$68,320	52.3%
Sales of Assets	$61,111	46.8%
Other Income	$1,201	0.9%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$95,250	86.2%
Compensation of Officers*	$24,860	22.5%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,168,166
Total Liabilities	$0
Net Assets	$1,168,166

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

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

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Updated April 20, 2026

Meserve Basily Fund

Organization summary

Type of Nonprofit

Tax Filings by Year

Fiscal Year Ending Dec. 2024

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2023

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2022

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2019

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2018

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2017

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2016

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2015

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2014

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2013

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

Fiscal Year Ending Dec. 2012

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

Fiscal Year Ending Dec.
2024

Fiscal Year Ending Dec.
2023

Fiscal Year Ending Dec.
2022

Fiscal Year Ending Dec.
2021

Fiscal Year Ending Dec.
2020

Fiscal Year Ending Dec.
2019

Fiscal Year Ending Dec.
2018

Fiscal Year Ending Dec.
2017

Fiscal Year Ending Dec.
2016

Fiscal Year Ending Dec.
2015

Fiscal Year Ending Dec.
2014

Fiscal Year Ending Dec.
2013

Fiscal Year Ending Dec.
2012

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2011

Fiscal Year Ending Dec.
2010

Fiscal Year Ending Dec.
2009

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2008

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