Basin Arts FY2020 filing

Lafayette, LA · Public charity (501(c)(3)) · Since 2018 · Arts & Culture

✓ Tax-deductible
Revenue
$118K
Spent
$124K
To programs
31%
Net assets
$16K
By yearFY2020–FY2025
Revenue
$118K
FY2020
Revenue by fiscal year
FY2020$118K
FY2021$170K
FY2022$204K
FY2023$193K
FY2024$234K
FY2025$332K
Expenses
$124K
FY2020
Expenses by fiscal year
FY2020$124K
FY2021$138K
FY2022$195K
FY2023$192K
FY2024$214K
FY2025$278K
Net assets
$16K
FY2020
Net assets by fiscal year
FY2020$16K
FY2021$48K
FY2022$58K
FY2023$59K
FY2024$79K
FY2025$133K

From the FY2020 Form 990 · see the original

You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2025) →

Status and standing

Is it real, and can you give to it?

Tax-deductible?
Yes
Per the IRS master file.
Can I give now?
No revocation on IRS record
Not on the IRS revocation list.
Filing up to date?
Yes — filed FY2025
Legal name (IRS)Hdr · item CBasin Arts
EINHdr · item D82-3669789
Exempt statusHdr · item I501(c)(3) · active
Ruling yearIRS BMFOct 2018
Year of formationHdr · item L2018
Latest filingForm 990FY2025 · Form 990
Principal addressHdr · item CLafayette, LA
NTEE classificationIRS BMFArts & Culture (A20)
WebsiteHdr · item Jbasinartslafayette.com

Where the money goes

What each dollar paid for.

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.31 Management & general $0.69 Fundraising $0.00
Program services31%$39K
Management & general69%$85K
Fundraising$46
Total functional expensesLn 25$124K

Financial health

Is it on solid ground?

Program efficiency
31%
of spending reaches programs
Operating runway
1.4mo
months of highly liquid reserves at operating expense rate
Surplus margin
-5%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2020 · Form 990
Total assets
$26K
FY2020
Total assets by fiscal year
FY2020$26K
FY2021$58K
FY2022$64K
FY2023$69K
FY2024$85K
FY2025$152K
Total liabilities
$10K
FY2020
Total liabilities by fiscal year
FY2020$10K
FY2021$9K
FY2022$6K
FY2023$10K
FY2024$5K
FY2025$19K
Revenue less expensesPt I · Ln 19−$6K
Total assetsPt X · Ln 16$26K
Program-expense ratioPt IX · col B31%
Voting members of governing bodyPt I · Ln 34
Independent voting membersPt I · Ln 44

Balance Sheet

Part X · end of year
CashLn 1$15K
Total assetsLn 16$26K
Total liabilitiesLn 26$10K
Total net assetsLn 32$16K
Months of cash on handcomputed1.4

Statement of Revenue

Part VIII
Program service revenue$64K · 55%
Contributions & grants$26K · 22%
Other revenue$24K · 20%
Investment income$3K · 3%
Program service revenue55%$64K
Contributions & grants22%$26K
Other revenue20%$24K
Investment income3%$3K
— government grantsLn 1e$9K
Total revenueLn 12$118K

Financial Metrics

Form 990 · FY2020 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $15K · Operating expenses/yr $124K
1.4 months
Where the money goes
Program services
Program services $39K · Total expenses $124K
31%
Management & General
Management & general $85K · Total expenses $124K
69%
Fundraising
Fundraising $46 · Total expenses $124K
0.04%
Cost to raise $1
Fundraising expense $46 · Solicited contributions $17K
$0.00 to raise $1
Where the money comes from
Contribution dependence
Contributions & grants $26K · Total revenue $118K
22%
Government reliance
Government grants $9K · Total revenue $118K
8%
Earned-income share
Program service revenue $64K · Total revenue $118K
55%
Investment reliance
Investment income $3K · Total revenue $118K
+3%
Program self-sufficiency
Program service revenue $64K · Total expenses $124K
52%
Growth & trend
Revenue growth (YoY)
This year $118K · Prior year —
No prior year on file
Net-asset trend (YoY)
End of year $16K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $118K · Expenses $124K
-5%
Liabilities-to-Assets
Total liabilities — · Total assets $26K
—
Net-asset ratio
Net assets $16K · Total assets $26K
62%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $26K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Clare Cook · Reported title President · Highest reported compensation $11K · Total expenses $124K
9%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $53K · Total expenses $124K
43%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 31%——
Overhead ratio 69%——
Fundraising cost ratio 0.2%——
Accounting fee ratio 4%——
Fundraising fee ratio 0.04%——

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.

Leadership and pay

Who runs it, and what are they paid?

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
President
$11,000Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A

Clare Cook’s $11K as Director is at the 8th 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 · 2 named individuals · Part VII

NameFY2025FY2023FY2022FY2021FY2020
Clare Cook$11,000$3,000———
Clare Cook——$10,000$11,000$11,000

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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Governance & Policies

Part VI
  • 4Voting board membersPt VI · Ln 1a
  • 4Independent board membersPt VI · Ln 1b
  • Conflict-of-interest policyPt VI · Ln 12aYes
  • Whistleblower policyPt VI · Ln 13Yes
  • Document retention policyPt VI · Ln 14Yes
  • Top official’s pay independently reviewedPt VI · Ln 15aNo
  • Family or business ties among leadersPt VI · Ln 2No

Mission and programs

What it does.

Fosters artistic expression across generations to enrich community identity.

Provided by the organization

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Mission & Programs · Part III

Where the work happens

3 program services account for $18K of program spending, described in the organization's own filed words · FY2020.
01

Basin Arts provided low cost visual arts and dance classes to the Acadiana community. Students received instruction from professional level dance and art instructors. In 2018 Basin Arts provided over 1,2000 class which created over 6,300 unique creative experiences.

$14Kprogram expense
02

Basin Dance Collective is the professional company-in-residence housed within Basin Arts. In 2018 the dance company raised funds for Basin Arts through two productions that collaborated with and supported additional areas of art within the community.

$3Kprogram expense
03

Basin Arts Outreach Program brings dance and arts directly to the community. In 2018 Basin Arts brought professional dancer to schools and engaged over 1,000 children in the art of dance. Classes were also taught in senior living homes and in summer of 2018 Basin Arts held a collabortive summer camp to merge dance and art.

$723program expense

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Funders

Who pays for it.

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

Grants

Schedule I · received and paid
Grants received · FY2024
Total grants receivedfrom 2 funders$26K
Grants paid · 1 grant · $31K · 2022–2022
Unitemized GrantFY2022$30,839

Filing history

Every return on file.

YearRevenueExpensesChangeFiling
FY2025 Latest $332K$278K+42% 990 PDF
FY2024 $234K$214K+21% 990 PDF
FY2023 $193K$192K-5% 990 PDF
FY2022 $204K$195K+20% 990 PDF
FY2021 $170K$138K+45% 990 PDF
FY2020 Viewing $118K$124K 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

Not shown yet: ratings, outcomes, and peer benchmarks. A Form 990 doesn’t report them.

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2020IRS
Classification, formation year, addressIRS Business Master File
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