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Arts, Culture, Humanities : Museums

The Bascom

A Center for the Visual Arts

three stars

81.17

323 Franklin Road Highlands, NC 28741
tel: (828) 526-4949   Web Site
EIN: 56-2093546

Board Leadership
Bill Reeves
Chair

CEO
Teresa Osborn
Executive Director

  Score
(out of 100)
Rating
Overall Score & Rating 81.17 three stars
  Financial 78.01 two stars
  Accountability & Transparency 85.00 three stars
This rating was published 05/01/2020 and includes data from FY2018, the most recent 990 received at that time.

As a center for the visual arts on a mountain plateau, The Bascom enhances the quality of life through a dynamic and inspirational arts experience that inspires and attracts residents and visitors through interaction with all forms of visual arts. At The Bascom, children and adults explore and learn about art, both indoors and outdoors. The Bascom provides stimulating experiences in the visual arts through high quality changing exhibitions and educational opportunities.

As a center for the visual arts on a mountain plateau, The Bascom enhances the quality of life through a dynamic and inspirational arts experience that inspires and attracts residents and visitors through interaction with all forms of visual arts. At The Bascom, children and adults explore and learn about art, both indoors and outdoors. The Bascom provides stimulating experiences in the visual arts through high quality changing exhibitions and educational opportunities.

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Financial

two stars

78.01

Accountability & Transparency

three stars

85.00

This rating was published 05/01/2020 and includes data from FY2018, the most recent 990 received at that time.
Overall Rating Chart
  Program Expenses
(Percent of the charity's total expenses spent on the programs
and services it delivers)
68.2%
  Administrative Expenses 17.3%
  Fundraising Expenses 14.3%
  Fundraising Efficiency $0.17
  Working Capital Ratio (years) 4.87
  Program Expenses Growth -14.0%
  Liabilities to Assets 14.7%
All data for Financial Performance Metrics calculations was provided by The Bascom on recent 990s filed with the IRS.
All data for Financial Performance Metrics calculations was provided by The Bascom on recent 990s filed with the IRS.

Highly Rated

Charity Name & State Overall Score Overall Rating
The Bascom (NC) 81.17 three stars
Chrysler Museum of Art (VA) 88.89 three stars
Milwaukee Art Museum (WI) 93.83 four stars
Reynolda House Museum of American Art (NC) 93.93 four stars
The Cleveland Museum of Art (OH) 89.80 three stars

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REVENUE  
Contributions  
   Contributions, Gifts & Grants $1,772,169
   Federated Campaigns $0
   Membership Dues $399,158
   Fundraising Events $0
   Related Organizations $0
   Government Grants $0
Total Contributions $2,171,327
   Program Service Revenue $162,183
Total Primary Revenue $2,333,510
   Other Revenue $612,553
TOTAL REVENUE $2,946,063
   
EXPENSES  
   Program Expenses $1,152,412
   Administrative Expenses $296,951
   Fundraising Expenses $505,956
TOTAL FUNCTIONAL EXPENSES $1,955,319
   
Payments to Affiliates $0
Excess (or Deficit) for the year $990,744
   
Net Assets $10,611,741

Program names and associated costs are listed for the top programs as reported on the charity's most recently filed Form 990. The top programs displayed will include the largest three programs, or those programs covering at least 60% of the charity's total expenses, whichever comes first.

Due to an error on this organization's Form 990, we are unable to display program information.

Ratings History

Form 990 FYE Date Published Overall Score Overall Rating
CN 2.1
2018-12 05/01/2020 81.17 three stars
2017-12 05/01/2019 80.70 three stars
2016-12 06/01/2018 80.63 three stars
2015-12 06/01/2017 83.32 three stars
2014-12 06/01/2016 81.39 three stars
 
CN 2.0
2013-12 08/01/2015 83.09 three stars
2012-12 09/01/2014 90.15 four stars

The data displayed on this tab is provided by the IRS in the form of Publication 78 and the Business Master File (BMF).

EIN 56-2093546
Name in IRS Master File THE BASCOM CORPORATION
NTEE Code A40
NTEE Classification Visual Arts Organizations
NTEE Type Arts, Culture and Humanities
Classification Educational Organization
Subsection 501(c)(3)  (View the list of codes)
Activities
Foundation Status Organization that normally receives no more than one-third of its support from gross investment income and unrelated business income and at the same time more than one-third of its support from contributions, fees, and gross receipts related to exempt purposes.  509(a)(2)
Deductibility Contributions are deductible
Affiliation Independent - the organization is an independent organization or an independent auxiliary (i.e., not affiliated with a National, Regional, or Geographic grouping of organizations).
Group Name [Not Applicable]
Ruling Date March, 2000
Filing Requirement 990 (all other) or 990EZ return
Fiscal Year End December
IRS Forms 990
(provided courtesy of Foundation Center)
(Log In or Register Now to View Forms 990!)
  • December, 2017
  • December, 2016
  • December, 2015
  • December, 2014
  • December, 2013
Compensation % of Expenses Paid to Title
$100,000 5.11% Teresa Osborn Executive Director

Highly Rated

Charity Name & State Overall Score Overall Rating
The Bascom (NC) 81.17 three stars
Los Angeles County Museum of Art (CA) 88.06 three stars
The Oklahoma City Museum of Art (OK) 90.98 four stars
Washington County Museum of Fine Arts (MD) 91.37 four stars
Newfields (IN) 90.91 four stars

Compare These Charities (Highly Rated)

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Charity Contact Info

The Bascom
323 Franklin Road
Highlands, NC 28741
tel: (828) 526-4949
EIN: 56-2093546

Visit Web Site

Board Leadership

Bill Reeves
Chair

CEO

Teresa Osborn
Executive Director

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