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Filing year 2023

Bassett Furniture Industries Foundation Inc

Bassett, Virginia·EIN 54-1652381·NTEE T20 · Philanthropy, Voluntarism & Grantmaking Foundations·501(c)(3)

* Sector derived from filing type (Form 990-PF), not IRS-assigned

Total revenue
$18k
Total assets
$755k
Total expenses
$23k
Reported officers
3

Reported officers (all unpaid)

No paid executives reported in 2023. Bassett Furniture Industries Foundation Inc reported 3 unpaid officers and board members on its 990-PF.

Officer
Officer
President

Grants paid

Itemized grants reported on this foundation's 2023 Form 990-PF, Part XV.

Total granted

$15k

Itemized grants

9

Median grant

$0

RecipientLocationPurposeAmount
Henry County Furniture MuseumBassett, VASupport$15k
Piedmont Arts AssociationMartinsville, VASupport$0
HopeCoMartinsville, VASupport$0
BEST NCCary, NCSupport$0
Rooster Walk IncMartinsville, VASupport$0
United Way of Henry County & MartinsvilleMartinsville, VASupport$0
Virginia Foundation for Independent CollegesRichmond, VASupport$0
Virginia Museum of Natural HistoryMartinsville, VASupport$0
Bassett High School BandBassett, VASupport$0
Compare this foundation's grantees
Financial trend

Revenue and expenses over time

Bassett Furniture Industries Foundation Inc reported revenue and expenses across 2 filing years.

RevenueExpenses
$35k
$131k
2022
$18k
$23k
2023
Total revenue and total expenses from IRS Form 990 filings.

This is a private foundation. Peers are foundations of similar asset size (Under $1M), because foundation pay scales with assets under management, not revenue.

Sector benchmark

What Philanthropy, Voluntarism & Grantmaking executives earn in Virginia

Bassett Furniture Industries Foundation Inc reported no executive compensation in its latest filing. For context, the highest-paid executive at a comparable philanthropy, voluntarism & grantmaking organization in Virginia earns a median of $35,000.

25th percentile
$9k
Median
$35,000
75th percentile
$95k
90th percentile
$223k

These are philanthropy, voluntarism & grantmaking sector-wide figures, not this organization's reported pay. Based on 475 organizations across 475 filings (2021 – 2024).

See full Philanthropy, Voluntarism & Grantmaking pay data for Virginia →
FAQ

Common questions about Bassett Furniture Industries Foundation Inc

What are Bassett Furniture Industries Foundation Inc's revenue and expenses?

In 2023, Bassett Furniture Industries Foundation Inc reported $18k in total revenue and $23k in total expenses on its IRS Form 990.

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This is a private foundation. Peers are foundations of similar asset size (Under $1M), because foundation pay scales with assets under management, not revenue.