Nonprofit · EIN 45-1660040
BASSETT EDUCATION FOUNDATION
Tax-exempt · LA PUENTE, CA 91746
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $17,116 | $4,921 | $12,195 | $7,407 | $0 | $7,407 |
| June 30, 2024 | 990 | $0 | $19,905 | -$19,905 | $145,377 | $0 | $145,377 |
| June 30, 2022 | 990 | $0 | $5,639 | -$5,639 | $7,407 | $0 | $7,407 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $17,010
- Program service revenue
- $106
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Legal fees
- $905
- Program services (functional)
- $4,921
Balance sheet and other
- Total assets, start of year
- $145,377
- Total assets, end of year
- $7,407
- Total liabilities, end of year
- $0
- Net assets, end of year
- $7,407
- Land, buildings and equipment
- $7,407
- Gross receipts
- $17,116
- Employees
- 0
- Year formed
- 2008
- State of legal domicile
- CA
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 June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| NICHOLAS DRAKOS | PRESIDENT Trustee or director, Officer | 3 | $0 |
| TIM SEAL | SECRETARY Trustee or director, Officer | 1 | $0 |
| LUCIO PEREZ JR | TREASURER Trustee or director, Officer | 1 | $0 |
| ELVIRA DIAZ DE LEON | BOARD MEMBER Trustee or director | 1 | $0 |
990 for the year ended June 30, 2024: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| NICHOLAS DRAKOS | PRESIDENT Trustee or director, Officer | 3 | $0 |
| TIM SEAL | SECRETARY Trustee or director, Officer | 1 | $0 |
| LUCIO PEREZ JR | TREASURER Trustee or director, Officer | 1 | $0 |
| ELVIRA DIAZ DE LEON | BOARD MEMBER Trustee or director | 1 | $0 |
990 for the year ended June 30, 2022: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| NICHOLAS DRAKOS | PRESIDENT Trustee or director, Officer | 3 | $0 |
| TIM SEAL | SECRETARY Trustee or director, Officer | 1 | $0 |
| LUCIO PEREZ JR | TREASURER Trustee or director, Officer | 1 | $0 |
| ELVIRA DIAZ DE LEON | BOARD MEMBER Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 904 WILLOW AVE, LA PUENTE, CA 91746-1615
- Principal officer (990 for 2024)
- NICHOLAS DRAKOS, 904 WILLOW AVENUE, LA PUENTE, CA 91746
- Signed the 990
- NICHOLAS DRAKOS, C O O
- Phone
- (626) 931-3045
- Website
- WWW.BUSDFOUNDATION.ORG
- Return prepared by
- ROY McGARRELL & CO CPA
California records
California keeps its own records of charities and corporations. Search them by EIN 45-1660040 or by the name BASSETT EDUCATION FOUNDATION.
- Attorney General, Registry of Charities and Fundraisers
- Registration status and filed reports (CT-TR-1, RRF-1)
- Secretary of State, bizfile Online
- Corporation status, entity number, agent for service
- Franchise Tax Board
- Entity status letter (state tax exemption, good standing)
Mission
SEE SCHEDULE O.
Program accomplishments
- REQUESTED INPUT FROM COMMUNITY IN AWARDING GRANTS FOR VARIOUS EDUCATIONAL PROMOTIONAL ACTIVITIES. GRANTS WERE AWARDED AFTER COMPLETE REVIEW OF THE BOARD AND REVIEW OF THE NEED IN THE SCHOOL DISTRICT. FOUNDATION FOLLOWED THROUGH TO MAKE SURE RECIPIENTS USED THE FUNDS FOR THE INTENDED PURPOSES. NO EXCEPTIONS WERE FOUND.
What it must file and when
IRS records say it files Form 990-N (e-Postcard). Gross receipts normally $50,000 or less. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 45-1660040
- 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
- 2010
- Accounting year ends
- June
- Files
- Form 990-N (e-Postcard)
- Assets (IRS master file)
- $7,407
- Income (IRS master file)
- $17,116
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $17,116 | $4,921 | $7,407 | XML |
| 990 | June 2024 | $0 | $19,905 | $145,377 | XML |
| 990 | June 2023 | $0 | $36,128 | $7,407 | IRS |
| 990 | June 2022 | $0 | $5,639 | $7,407 | XML |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | 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 45-1660040).
Questions about BASSETT EDUCATION FOUNDATION
- What is the EIN of BASSETT EDUCATION FOUNDATION?
- The employer identification number (EIN) of BASSETT EDUCATION FOUNDATION is 45-1660040.
- Is BASSETT EDUCATION FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2010.
- Are donations to BASSETT EDUCATION FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does BASSETT EDUCATION FOUNDATION file?
- Form 990-N (e-Postcard). Gross receipts normally $50,000 or less.
- When is the next return of BASSETT EDUCATION FOUNDATION due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did BASSETT EDUCATION FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of BASSETT EDUCATION FOUNDATION?
- The 990 for the year ended June 30, 2025 names NICHOLAS DRAKOS.
- Who are the officers and directors of BASSETT EDUCATION FOUNDATION?
- The 990 for the year ended June 30, 2025 lists 4 people; 0 received compensation from the organization.
- How much revenue does BASSETT EDUCATION FOUNDATION have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $17,116, expenses of $4,921 and total assets of $7,407 at year end.
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