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← FRIENDS OF BASSETT INC

Form 990 for tax year 2024

Filed by FRIENDS OF BASSETT INC.

Totals

Total revenue
$5,028,267
Total expenses
$2,824,898
Contributions and grants received
$4,200,302
Grants paid
$2,721,300
Program service revenue
$0
Investment income
$875,802
Other revenue
-$47,837
Total assets, end of year
$20,313,266
Total liabilities, end of year
$1,308,364
Net assets or fund balances, end of year
$19,004,902
Program services expenses (Part IX)
$2,812,721
Management and general expenses
$0
Fundraising expenses
$12,177
Program service expenses (Part III)
$2,812,721

Program services were 99.6% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • Bill Moseley

    Secretary

    Total calculated
    $0
    Hours/week
    2

  • James Patrick

    Vice Chair/Treasurer

    Total calculated
    $0
    Hours/week
    2

  • Peter J Hamilton

    Board Officer

    Total calculated
    $0
    Hours/week
    2

  • Staci Thompson

    Ex-Officio

    Total calculated
    $878,927
    From this org
    $0
    From related orgs
    $866,810
    Other
    $12,117
    Hours/week
    2 + 52 related

    Schedule J breakdown matched by us

    Base
    $0 + $826,810 related
    Bonus
    $0 + $40,000 related
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $12,117 related
    Filer's total
    $0 + $878,927 related

  • Steven Kroll

    Chair

    Total calculated
    $0
    Hours/week
    2

  • Arnie Drogen

    Board Member

    Total calculated
    $0
    Hours/week
    2

  • Campbell Moffat

    Board Member

    Total calculated
    $0
    Hours/week
    2

  • Curtis Pearsall

    Board Member

    Total calculated
    $0
    Hours/week
    2 + 4 related

  • Dave Rowley

    Board Member

    Total calculated
    $0
    Hours/week
    2

  • Erna Morgan McReynolds

    Board Member

    Total calculated
    $0
    Hours/week
    2

  • Heidi Camardello

    Board Member

    Total calculated
    $178,527
    From this org
    $0
    From related orgs
    $171,121
    Other
    $7,406
    Hours/week
    2 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $171,121 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $3,463 related
    Nontaxable benefits
    $0 + $3,943 related
    Filer's total
    $0 + $178,527 related

  • Ian Kenyon

    Board Member

    Total calculated
    $0
    Hours/week
    2

  • Jessica Gorman

    Board Member

    Total calculated
    $0
    Hours/week
    2

  • Jim Brock

    Board Member

    Total calculated
    $0
    Hours/week
    2

  • Joyce Barber

    Board Member

    Total calculated
    $0
    Hours/week
    2

  • Laurie Zimniewicz

    Board Member

    Total calculated
    $0
    Hours/week
    2

  • Michael A Perrino Jr

    Board Member

    Total calculated
    $0
    Hours/week
    2

  • Reggie Knight MD

    Board Member (THRU 4/24)

    Total calculated
    $196,411
    From this org
    $0
    From related orgs
    $185,188
    Other
    $11,223
    Hours/week
    2 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $185,188 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $11,223 related
    Nontaxable benefits
    $0
    Filer's total
    $0 + $196,411 related

  • Robert Hanft

    Board Member

    Total calculated
    $0
    Hours/week
    2

  • Terry Fulmer

    Board Member

    Total calculated
    $0
    Hours/week
    2

  • Craig Faerber

    Interim Network CFO

    Total calculated
    $524,460
    From this org
    $0
    From related orgs
    $524,460
    Other
    $0
    Hours/week
    2 + 56 related

    Schedule J breakdown matched by us

    Base
    $0 + $524,460 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $0 + $524,460 related

  • Tommy Ibrahim MD

    Former President

    Total calculated
    $424,611
    From this org
    $0
    From related orgs
    $411,723
    Other
    $12,888
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $0
    Bonus
    $0
    Other
    $0 + $411,723 related
    Deferred
    $0 + $12,888 related
    Nontaxable benefits
    $0
    Filer's total
    $0 + $424,611 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 4a · Severance or change-of-control payment

Answered no

  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

Schedule J, Part I, Line 4a Severance or change-of-control payment
TOMMY IBRAHIM, MD RECEIVED A SEVERANCE PAYMENT IN THE AMOUNT OF $166,325 AND PTO PAYOUT IN THE AMOUNT OF $245,398. THESE AMOUNTS ARE INCLUDED IN THE TOTAL REPORTED IN COLUMN B(III).
Schedule J, Part I, Line 1a RELATED ORG METHODS USED FOR COMPENSATION EXPLANATION
THE MARY IMOGENE BASSETT HOSPITAL (DBA BASSETT MEDICAL CENTER) USES THE FOLLOWING METHODS TO ESTABLISH COMPENSATION FOR SAID INDIVIDUALS: A) COMPENSATION COMMITTEE, B) INDEPENDENT COMPENSATION CONSULTANT, C) WRITTEN EMPLOYMENT CONTRACT, D) COMPENSATION SURVEY OR STUDY AND, E) APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

Provenance

Return type
form_990
Tax year
2024
Filed
13 November 2025
IRS schema version
2024v5.1
Source object
202513179349307901

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