Nonprofit · EIN 23-7041610
FRIENDS OF BASSETT INC
Tax-exempt · COOPERSTOWN, NY 13326
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $5,028,267 | $2,824,898 | $2,203,369 | $20,313,266 | $1,308,364 | $19,004,902 |
| December 31, 2023 | 990 | $4,838,799 | $2,551,139 | $2,287,660 | $17,282,501 | $1,259,600 | $16,022,901 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $4,200,302
- Program service revenue
- $0
- Investment income
- $875,802
- Net income from fundraising events
- -$47,837
- Other revenue
- -$47,837
Expenses
- Grants and similar amounts paid
- $2,721,300
- Compensation of officers, directors and key employees
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Program services (functional)
- $2,812,721
- Fundraising (functional)
- $12,177
Balance sheet and other
- Total assets, start of year
- $17,282,501
- Total assets, end of year
- $20,313,266
- Total liabilities, end of year
- $1,308,364
- Net assets, end of year
- $19,004,902
- Net assets without donor restrictions
- $3,540,513
- Net assets with donor restrictions
- $15,464,389
- Gross receipts
- $5,089,039
- Employees
- 0
- Volunteers
- 18
- Year formed
- 1968
- State of legal domicile
- NY
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| Staci Thompson | Ex-Officio Trustee or director, Officer | 2 | $0 | $866,810 | $12,117 |
| Craig Faerber | Interim Network CFO Officer | 2 | $0 | $524,460 | $0 |
| Tommy Ibrahim MD | Former President Former | 0 | $0 | $411,723 | $12,888 |
| Reggie Knight MD | Board Member (THRU 4/24) Trustee or director | 2 | $0 | $185,188 | $11,223 |
| Heidi Camardello | Board Member Trustee or director | 2 | $0 | $171,121 | $7,406 |
| Bill Moseley | Secretary Trustee or director, Officer | 2 | $0 | $0 | $0 |
| James Patrick | Vice Chair/Treasurer Trustee or director, Officer | 2 | $0 | $0 | $0 |
| Peter J Hamilton | Board Officer Trustee or director, Officer | 2 | $0 | $0 | $0 |
| Steven Kroll | Chair Trustee or director, Officer | 2 | $0 | $0 | $0 |
| Arnie Drogen | Board Member Trustee or director | 2 | $0 | $0 | $0 |
| Campbell Moffat | Board Member Trustee or director | 2 | $0 | $0 | $0 |
| Curtis Pearsall | Board Member Trustee or director | 2 | $0 | $0 | $0 |
| Dave Rowley | Board Member Trustee or director | 2 | $0 | $0 | $0 |
| Erna Morgan McReynolds | Board Member Trustee or director | 2 | $0 | $0 | $0 |
| Ian Kenyon | Board Member Trustee or director | 2 | $0 | $0 | $0 |
7 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Jessica Gorman | Board Member Trustee or director | 2 | $0 |
| Jim Brock | Board Member Trustee or director | 2 | $0 |
| Joyce Barber | Board Member Trustee or director | 2 | $0 |
| Laurie Zimniewicz | Board Member Trustee or director | 2 | $0 |
| Michael A Perrino Jr | Board Member Trustee or director | 2 | $0 |
| Robert Hanft | Board Member Trustee or director | 2 | $0 |
| Terry Fulmer | Board Member Trustee or director | 2 | $0 |
990 for the year ended December 31, 2023: 22 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| TOMMY IBRAHIM MD | EX-OFFICIO Trustee or director, Officer | 0.5 | $0 | $709,126 | $33,236 |
| REGGIE KNIGHT MD | BOARD MEMBER Trustee or director | 0.5 | $0 | $504,430 | $30,831 |
| CARIDAD FUERTES | BOARD MEMBER Trustee or director | 0.5 | $0 | $505,569 | $10,984 |
| BEN EVERIDGE | FORMER CHIEF DEVELOPMENT OFFICER Former | 0 | $0 | $237,519 | $19,156 |
| HEIDI CARMARDELLO | BOARD MEMBER Trustee or director | 0.5 | $0 | $165,468 | $7,187 |
| SANDRA MACDONALD | FORMER BOARD MEMBER Former | 0 | $0 | $126,339 | $18,774 |
| DAVE CASULLO | BOARD MEMBER Trustee or director | 0.5 | $0 | $0 | $0 |
| TERRY FULMER | BOARD MEMBER Trustee or director | 0.5 | $0 | $0 | $0 |
| ROBERT HANFT | BOARD MEMBER Trustee or director | 0.5 | $0 | $0 | $0 |
| PETER J HAMILTON | BOARD OFFICER Trustee or director, Officer | 0.5 | $0 | $0 | $0 |
| SUBASHINI DANIEL MD | VICE-CHAIR Trustee or director | 0.5 | $0 | $0 | $0 |
| KATHLEEN JOHNSON | BOARD MEMBER Trustee or director | 0.5 | $0 | $0 | $0 |
| STEVEN KROLL | CHAIRMAN Trustee or director, Officer | 0.5 | $0 | $0 | $0 |
| ERNA MORGAN MCREYNOLDS | BOARD MEMBER Trustee or director | 0.5 | $0 | $0 | $0 |
| BILL MOSELEY | SECRETARY Trustee or director, Officer | 0.5 | $0 | $0 | $0 |
| JAMES PATRICK | TREASURER Trustee or director, Officer | 0.5 | $0 | $0 | $0 |
| CURTIS PEARSALL | BOARD MEMBER Trustee or director | 0.5 | $0 | $0 | $0 |
| MICHAEL PERRINO JR | BOARD MEMBER Trustee or director | 0.5 | $0 | $0 | $0 |
| DAVE ROWLEY | BOARD MEMBER Trustee or director | 0.5 | $0 | $0 | $0 |
| ALBERT WEISS | BOARD MEMBER Trustee or director | 0.5 | $0 | $0 | $0 |
| JOHN ZOGBY | CHAIRMAN Trustee or director, Officer | 0.5 | $0 | $0 | $0 |
| ARNIE DROGEN | BOARD MEMBER Trustee or director | 0.5 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 1 ATWELL RD, COOPERSTOWN, NY 13326-1301
- In care of
- % SANDRA MACDONALD
- Principal officer (990 for 2024)
- STACI THOMPSON, ONE ATWELL ROAD, COOPERSTOWN, NY 13326
- Signed the 990
- STACI THOMPSON, CEO
- Phone
- (607) 547-3928
- Website
- WWW.FRIENDSOFBASSETT.ORG
- Return prepared by
- KPMG LLP
Mission
SEE SCHEDULE O
Program accomplishments
- PROGRAM SERVICE ACCOMPLISHMENTS IN 2024, THE FRIENDS OF BASSETT SOLICITED CONTRIBUTIONS (FOR THE MARY IMOGENE BASSETT HOSPITAL, BASSETT HOSPITAL OF SCHOHARIE COUNTY, O'CONNOR HOSPITAL, LITTLE FALLS HOSPITAL, VALLEY HEALTH SERVICES, AO FOX HOSPITAL, AND TEMPLETON FOUNDATION) OF APPROXIMATELY $900,000 IN NET REVENUE FOR THE MEMBERS OF BASSETT HEALTHCARE NETWORK.Expenses $2,812,721 · grants $2,721,300
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 23-7041610
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1969
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T22J)
- Assets (IRS master file)
- $20,313,266
- Income (IRS master file)
- $5,089,039
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $5,028,267 | $2,824,898 | $20,313,266 | XML |
| 990 | December 2023 | $4,838,799 | $2,551,139 | $17,282,501 | XML |
| 990 | December 2022 | $3,188,334 | $3,732,003 | $13,296,595 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 23-7041610).
Questions about FRIENDS OF BASSETT INC
- What is the EIN of FRIENDS OF BASSETT INC?
- The employer identification number (EIN) of FRIENDS OF BASSETT INC is 23-7041610.
- Is FRIENDS OF BASSETT INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1969.
- Are donations to FRIENDS OF BASSETT INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does FRIENDS OF BASSETT INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of FRIENDS OF BASSETT INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did FRIENDS OF BASSETT INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of FRIENDS OF BASSETT INC?
- The 990 for the year ended December 31, 2024 names STACI THOMPSON.
- Who are the officers and directors of FRIENDS OF BASSETT INC?
- The 990 for the year ended December 31, 2024 lists 22 people; 0 received compensation from the organization.
- How much revenue does FRIENDS OF BASSETT INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $5,028,267, expenses of $2,824,898 and total assets of $20,313,266 at year end.
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All nonprofits in COOPERSTOWN · New York · Philanthropy, voluntarism and grantmaking foundations