The Bascom Corporation
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Inspires and empowers through visual art experiences that encourage seeing, thinking, and doing. For fiscal year 2024 it reported $1.8M in revenue, $2.1M in expenses, and $11.8M in net assets.Pt I
Summary of the Filing
Where the work happens
Through engaging the artistic imagination, we build human capacity and resilience in the people of our region and infuse the creative economy of Western North Carolina with opportunities for community members, visitors, and artists alike.
2023 Achievements **Provided 11 high-quality, free-admission exhibits to 20,000 visitors **Reached 3,700 participants through our 23 free outreach programs **Improved workshop access by providing $17,560 in scholarships **Offered 4 resident artist opportunities **Offered 36 teaching artist opportunities **Supported 325 artists through…
The Bascoms Public Programs serve 3,000 participants of all ages living in Macon and Jackson counties. Activities include free art exhibitions and adjoining programming, artist residencies, in-class and out-of-school-time STEAM and art activities, professional development opportunities for local educators, workshops, camps, and sales…
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Identity & Classification
Governance & Policies
Officers, Directors & Key Employees
Karin Peterson’s $125K as Retiring Executive Director is at the 51st percentile of top reported officer pay among 3916 $1–10M 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
| Name | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|
| Osborn Teresa | — | — | — | $135,227 |
| Karin Peterson | $125,000 | $115,000 | $84,715 | — |
| William Love | $92,787 | — | — | — |
| Gihl Tracy | — | — | — | $87,208 |
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.
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Statement of Revenue
Statement of Functional Expenses
Balance Sheet
Financial Metrics
Same NTEE category, revenue band, and state where available. Descriptive — not a grade.
| Metric | This org | Peer median | Percentile |
|---|---|---|---|
| Program ratio | 68% | — | — |
| Overhead ratio | 18% | — | — |
| Fundraising cost ratio | 23% | — | — |
| Revenue growth | 8% | — | — |
Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.
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Filings & Schedule Manifest
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