Basis Endowment Foundation

Tampa, FL
Tax-exempt since April 2002
EIN: 94-3382895

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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.

Category: Philanthropy, Voluntarism and Grantmaking Foundations / Private Independent Foundations (NTEE)

Donations to this organization are tax deductible.

Revenue

$88.9k (2024)

Expenses

$148k (2024)

Total Assets

$763k (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 Dec.
2024

Revenue

$88,904

Expenses

$147,614

Net Income

-$58,710

Net Assets

$763,438

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$528	0.6%
Dividends	$29,536	33.2%
Sales of Assets	$58,840	66.2%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$129,327	87.6%
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	$763,438
Total Liabilities	$0
Net Assets	$763,438

Compensation

Key Employees and Officers	Compensation	Other
Michael D Shealy (Ceo)	$0	$0
Carol Lee Shealy (Cfo)	$0	$0
Todd Baker (Secretary)	$0	$0

990-PF

Filed on May 13, 2025

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

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Schedules ▼

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Fiscal Year Ending Dec.
2023

Revenue

$46,514

Expenses

$99,304

Net Income

-$52,790

Net Assets

$762,888

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$417	0.9%
Dividends	$29,039	62.4%
Sales of Assets	$17,058	36.7%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$77,206	77.7%
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	$762,888
Total Liabilities	$0
Net Assets	$762,888

Compensation

Key Employees and Officers	Compensation	Other
Michael D Shealy (Ceo)	$0	$0
Carol Lee Shealy (Cfo)	$0	$0
Todd Baker (Secretary)	$0	$0

990-PF

Filed on May 13, 2024

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

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Schedules ▼

XML

Fiscal Year Ending Dec.
2022

Revenue

$66,572

Expenses

$121,279

Net Income

-$54,707

Net Assets

$831,126

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$402	0.6%
Dividends	$29,619	44.5%
Sales of Assets	$36,551	54.9%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$102,500	84.5%
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	$831,126
Total Liabilities	$0
Net Assets	$831,126

Compensation

Key Employees and Officers	Compensation	Other
Michael D Shealy (Ceo)	$0	$0
Carol Lee Shealy (Cfo)	$0	$0
Todd Baker (Secretary)	$0	$0

990-PF

Filed on April 12, 2023

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

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Schedules ▼

XML

Fiscal Year Ending Dec.
2021

Revenue

$141,824

Expenses

$122,000

Net Income

$19,824

Net Assets

$878,511

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$588	0.4%
Dividends	$27,205	19.2%
Sales of Assets	$114,031	80.4%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$106,570	87.4%
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	$878,511
Total Liabilities	$0
Net Assets	$878,511

Compensation

Key Employees and Officers	Compensation	Other
Michael D Shealy (Ceo)	$0	$0
Carol Lee Shealy (Cfo)	$0	$0
Todd Baker (Secretary)	$0	$0

990-PF

Filed on May 3, 2022

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

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Schedules ▼

XML

Fiscal Year Ending Dec.
2020

Revenue

$46,645

Expenses

$118,599

Net Income

-$71,954

Net Assets

$886,735

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$885	1.9%
Dividends	$22,343	47.9%
Sales of Assets	$23,417	50.2%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$104,701	88.3%
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	$886,736
Total Liabilities	$1
Net Assets	$886,735

Compensation

Key Employees and Officers	Compensation	Other
Michael D Shealy (Ceo)	$0	$0
Carol Lee Shealy (Cfo)	$0	$0
Todd Baker (Secretary)	$0	$0

990-PF

Filed on April 29, 2021

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

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PDF XML

Fiscal Year Ending Dec.
2019

Revenue

$60,925

Expenses

$144,216

Net Income

-$83,291

Net Assets

$1,000,285

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$1,265	2.1%
Dividends	$34,951	57.4%
Sales of Assets	$24,709	40.6%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$128,540	89.1%
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	$1,000,286
Total Liabilities	$1
Net Assets	$1,000,285

Compensation

Key Employees and Officers	Compensation	Other
Michael D Shealy (Ceo)	$0	$0
Carol Lee Shealy (Cfo)	$0	$0
Todd Baker (Secretary)	$0	$0

990-PF

Filed on June 30, 2020

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

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PDF XML

Fiscal Year Ending Dec.
2018

Revenue

$87,161

Expenses

$175,257

Net Income

-$88,096

Net Assets

$1,083,577

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$1,322	1.5%
Dividends	$34,479	39.6%
Sales of Assets	$51,360	58.9%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$158,120	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	$1,083,577
Total Liabilities	$0
Net Assets	$1,083,577

Compensation

Key Employees and Officers	Compensation	Other
Michael D Shealy (Ceo)	$0	$0
Carol Lee Shealy (Cfo)	$0	$0
Todd Baker (Secretary)	$0	$0

990-PF

Filed on July 30, 2019

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

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Fiscal Year Ending Dec.
2017

Revenue

$80,096

Expenses

$134,262

Net Income

-$54,166

Net Assets

$1,171,672

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$19	0.0%
Dividends	$18,494	23.1%
Sales of Assets	$61,583	76.9%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$117,975	87.9%
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	$1,171,672
Total Liabilities	$0
Net Assets	$1,171,672

Compensation

Key Employees and Officers	Compensation	Other
Michael D Shealy (Ceo)	$0	$0
Carol Lee Shealy (Cfo)	$0	$0
Todd Baker (Secretary)	$0	$0

990-PF

Filed on Aug. 3, 2018

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

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Fiscal Year Ending Dec.
2016

Revenue

$5,592

Expenses

$152,975

Net Income

-$147,383

Net Assets

$1,225,838

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$14	0.3%
Dividends	$18,854	> 100%
Sales of Assets	-$13,276
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$139,690	91.3%
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	$1,226,138
Total Liabilities	$300
Net Assets	$1,225,838

Compensation

Key Employees and Officers	Compensation	Other
Michael D Shealy (Ceo)	$0	$0
Carol Lee Shealy (Cfo)	$0	$0
Todd Baker (Secretary)	$0	$0

990-PF

Filed on Oct. 3, 2017

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

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Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2015

Revenue

$87,523

Expenses

$133,383

Net Income

-$45,860

Net Assets

$1,317,759

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$1,466	1.7%
Dividends	$28,457	32.5%
Sales of Assets	$57,556	65.8%
Other Income	$44	0.1%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$111,900	83.9%
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	$1,325,939
Total Liabilities	$8,180
Net Assets	$1,317,759

Compensation

Key Employees and Officers	Compensation	Other
Michael D Shealy (Ceo)	$0	$0
Carol Lee Shealy (Cfo)	$0	$0
Todd Baker (Secretary)	$0	$0

990-PF

Filed on Aug. 26, 2016

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

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PDF (2 of 2)

Fiscal Year Ending Dec.
2014

Revenue

$194,256

Expenses

$167,152

Net Income

$27,104

Net Assets

$1,357,792

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$3	0.0%
Dividends	$36,453	18.8%
Sales of Assets	$157,800	81.2%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$136,926	81.9%
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	$1,368,192
Total Liabilities	$10,400
Net Assets	$1,357,792

Compensation

Key Employees and Officers	Compensation	Other
Michael D Shealy (Ceo)	$0	$0
Carol Lee Shealy (Cfo)	$0	$0
Todd Baker (Secretary)	$0	$0

990-PF

Filed on Aug. 24, 2015

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

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Fiscal Year Ending Dec.
2013

Revenue

$217,942

Expenses

$201,421

Net Income

$16,521

Net Assets

$1,330,688

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$3	0.0%
Dividends	$34,419	15.8%
Sales of Assets	$183,520	84.2%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$142,360	70.7%
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	$1,337,925
Total Liabilities	$7,237
Net Assets	$1,330,688

Compensation

Key Employees and Officers	Compensation	Other
Michael D Shealy (Ceo)	$0	$0
Carol Lee Shealy (Cfo)	$0	$0
Todd Baker (Secretary)	$0	$0

990-PF

Filed on Nov. 13, 2014

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

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Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2012

Revenue

$176,941

Expenses

$137,462

Net Income

$39,479

Net Assets

$1,314,167

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$2	0.0%
Dividends	$37,003	20.9%
Sales of Assets	$139,895	79.1%
Other Income	$41	0.0%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$92,425	67.2%
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	$1,314,167
Total Liabilities	$0
Net Assets	$1,314,167

990-PF

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

PDF

Fiscal Year Ending Dec.
2011

Revenue

$117,508

Expenses

$181,675

Net Income

-$64,167

Net Assets

$1,274,688

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$2	0.0%
Dividends	$35,079	29.9%
Sales of Assets	$82,391	70.1%
Other Income	$36	0.0%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$145,993	80.4%
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	$1,278,558
Total Liabilities	$3,870
Net Assets	$1,274,688

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

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Basis Endowment Foundation

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $88.9k (2024)

Expenses $148k (2024)

Total Assets $763k (2024)

Total Liabilities $0 (2024)

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

Compensation

Document Links

Revenue

$88.9k (2024)

Expenses

$148k (2024)

Total Assets

$763k (2024)

Total Liabilities

$0 (2024)

Fiscal Year Ending Dec.
2024

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2023

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