Bas Fisher Invitational

Tax-deductible

Miami, FL501(c)(3)Arts & CultureEIN 47-3336677Revenue $271K in FY2024

On file with the IRSbasfisherinvitational.comPo Box 370987, 33137-0987 · Miami, FLTax-exempt since May 2015Publicly supported charity — 170(b)(1)(A)(vi)

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BFI is an artist-run space dedicated to creativity experimentation and discourse in contemporary art fostering community by offering support for artist projects and creating a bridge between Miami and the International Art World.

501(c)(3) charity; gifts are tax-deductible.
89¢ of each $1 spent went to programs.
Run by 5 volunteers.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 3
filings with a surplus
Average surplus $108K a year · 38% of revenue · last 3 filings
Looks good: a surplus in 3 of the last 3 filings.
Pt I · Ln 19 · 3 filings
Spent on programs
89%
of spending
Looks good: 89% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$50K
to officers and key staff · 34% of spending
Top officer’s pay lower than 56% of similar orgs
Concern: pay to officers and key staff is 34% of spending; over 30%.
Pt VII · Sec A
Cash reserves
15 mo
of spending, in cash
Looks good: 15.3 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
3
named funders · $175K
Looks good: 3 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$2K
1% of total assets
Looks good: liabilities are 1% of assets; 50% or less.
Pt X · Ln 26
Independent board members
5
of 5 voting members
Looks good: 5 of 5 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$271K
+31% vs prior year
Spent
$148K
To programs
89%
Net assets
$187K
By yearFY2018–FY2024
Revenue
$271K
FY2024▲ +31%
Tap a bar for its year
Revenue by fiscal year
FY2018$136K
FY2019$184K
FY2020$381K
FY2021$133K
FY2022$118K
FY2023$207K
FY2024$271K
Expenses
$148K
FY2024▼ -24%
Tap a bar for its year
Expenses by fiscal year
FY2018Not on file
FY2019Not on file
FY2020$192K
FY2021Not on file
FY2022Not on file
FY2023$196K
FY2024$148K
Net assets
$187K
FY2024▲ +190%
Tap a bar for its year
Net assets by fiscal year
FY2018$86K
FY2019$78K
FY2020$267K
FY2021$151K
FY2022$53K
FY2023$64K
FY2024$187K

From the FY2024 Form 990 · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in May 2015.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

89 cents of each dollar spent went to programs.

Program services 89% · $132K Management & general 10% · $15K Fundraising 1% · $2K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

5 people listed on the 990; $50K paid to officers and key staff.

Part VII, Section A · reportable compensation
Director & P
$50,000Pt VII · Sec A
Board Member
$252Pt VII · Sec A
Vice Preside
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Naomi Fisher’s $50K as Director & P is at the 44th percentile of top reported officer pay among 2216 $100K–1M arts & culture nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 4 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020FY2019
Naomi Fisher$50,000$50,000$50,000$50,000$60,285$20,250
Danielle Bender$252$8,078————
Katarina Llanes——————
Katerina Llanes—————$2,800

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Bas Fisher Invitational executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Fosters creativity and community by supporting artist projects and connecting Miami to the international art world.

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Provided by the organization

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3 programs · $132K · in their own filed words · FY2024
01

Nomadic Miami

A site specific curatorial platform through which bfi presents exhibitions, experimental work, and public programming that looks at miami site-specifically. Since 2016, the curatorial focus of nomadic miami emphasizes projects that directly address environmental issues facing south florida, with educational support and actionable steps.

$71Kprogram expense
02

Weird Miami Tours

Programming that has artists lead groups on tours of artist work spaces historic sites points of interest locally owned businesses and natural sites to educate the public on unique aspects of south florida and to discover how and why art is made in miami.

$37Kprogram expense
03

Heat Exchange

"heat exchange: art & infrastructure from the tropics to the arctic" is a reciprocal residency program creating annual residencies in miami & norway for artists to explore, compare and contrast infrastructure in their respective regions as they look at environmental issues, the economy, artist's labor, indigeneity, spiritual practices…

$24Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2024
See all 3 funders →

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$271K
Ln 12
Gifts and grantsLn 1h$271K
Other incomeLn 4–11$100
Money outPt IX
$148K
Ln 25
Programscol B$132K
Managementcol C$15K
Fundraisingcol D$2K
Owns and owesPt X
$187K
net assets · Ln 32
Cash and savingsLn 1–2$189K
Total assetsLn 16$189K
LiabilitiesLn 26$2K
PeoplePt VI, VII
5
listed · VII A
PaidVII A2
Voting boardVI 1a5
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$271K
Government grantsLn 1e$108K
Other incomeLn 4–11$100
Total revenueLn 12$271K
Assets in detailPt X, end of year
CashLn 1$189K
Cash and savings togetherLn 1–2$189K
Total assetsLn 16$189K
LiabilitiesLn 26$2K
Net assetsLn 32$187K
OperationsPt I, VI
EmployeesI 50
VolunteersI 65
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$67K$189K
Total assetsLn 16$67K$189K
LiabilitiesLn 26$2K$2K
Net assetsLn 32$64K$187K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$50K$45K$5K
Other salaries and wagesLn 7$55K$49K$5K
Accounting feesLn 11c$1K$955$106
Other fees for servicesLn 11g$8K$7K$815
Advertising and promotionLn 12$2K$1K$163
Office expensesLn 13$2K$2K$232
OccupancyLn 16$11K$10K$1K
TravelLn 17$10K$9K$990
InsuranceLn 23$1K$1K$114
Other expenses (24a–d)Ln 24$8K$6K$685$2K
All other expensesLn 24e$134$121$13
Total functional expensesLn 25$148K$132K$15K$2K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $271K$148K$123K$187K 990 PDF
FY2023 $207K$196K$12K$64K 990 PDF
FY2022 $118K$53K 990 PDF
FY2021 $133K$151K 990 PDF
FY2020 $381K$192K$189K$267K 990 PDF
FY2019 $184K$78K 990 PDF
FY2018 $136K$86K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2024 990 (6 parts)
Part I · Summary $271,264 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $207,117$271,164
I-9 Program service revenuePrior year $240$0
I-10 Investment income$0
I-11 Other revenue$100
I-12 Total revenuePrior year $207,357$271,264
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $98,923$104,862
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $96,730$43,627
I-18 Total expensesPrior year $195,653$148,489
I-19 Revenue less expensesPrior year $11,704$122,775
Part VI · Governance 5 of 5 board members independent, 2 to look at
VI-1a Voting members of the governing body5
VI-1b Independent voting members5
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $271,264 across 5 lines filed
VIII-1e Government grants$108,389
VIII-1f All other contributions, gifts and grants$162,775
VIII-1h Total contributions, gifts and grants$271,164
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $100$100
VIII-12 Total revenueRelated to mission $100$271,264
Part IX · Statement of functional expenses $148,489 across 11 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $45,000 · Management $5,000$50,000
IX-7 Other salaries and wagesPrograms $49,376 · Management $5,486$54,862
IX-11c Accounting feesPrograms $955 · Management $106$1,061
IX-11g Other fees for servicesPrograms $7,334 · Management $815$8,149
IX-12 Advertising and promotionPrograms $1,465 · Management $163$1,628
IX-13 Office expensesPrograms $2,085 · Management $232$2,317
IX-16 OccupancyPrograms $9,856 · Management $1,095$10,951
IX-17 TravelPrograms $8,908 · Management $990$9,898
IX-23 InsurancePrograms $1,030 · Management $114$1,144
IX-24 Other expenses (24a–d)Programs $6,160 · Management $685 · Fundraising $1,500$8,345
IX-24e All other expensesPrograms $121 · Management $13$134
IX-25 Total functional expensesPrograms $132,290 · Management $14,699 · Fundraising $1,500$148,489
Part X · Balance sheet $189,284 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $66,515$189,284
X-16 Total assetsStart of year $66,515$189,284
X-17 Accounts payable and accrued expensesStart of year $35$29
X-25 Other liabilitiesStart of year $2,000$2,000
X-26 Total liabilitiesStart of year $2,035$2,029
X-27 Net assets without donor restrictionsStart of year $64,480$187,255
X-32 Total net assets or fund balancesStart of year $64,480$187,255
X-33 Total liabilities and net assetsStart of year $66,515$189,284
Part XI · Reconciliation of net assets $187,255 net assets at year end
XI-1 Total revenue$271,264
XI-2 Total expenses$148,489
XI-3 Revenue less expenses$122,775
XI-4 Net assets at start of year$64,480
XI-10 Net assets at end of year$187,255

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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