Civic Intelligence

Bas Fisher Invitational

990 • Fiscal year 2023 • EIN 47-3336677

Jan 01, 2023 to Dec 31, 2023 • Filed on Nov 11, 2024

Organization ProfileWWW.BASFISHERINVITATIONAL.COM
PO Box 370987Miami, FL 33137

(786) 877-7280

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

72nd percentile

0.03x

Higher debt load relative to assets than 72% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Liabilities / Revenue

67th percentile

0.01x

Higher debt load relative to revenue than 67% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Net Margin

55th percentile

5.6%

Higher net margin than 55% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Top Officer Pay

92nd percentile

$50,000

Higher top officer pay than 92% of similar nonprofits.

Top officer pay equals 24.1% of source-year revenue.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Asset Growth

66th percentile

12%

Faster asset growth than 66% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Revenue Growth

86th percentile

75%

Faster revenue growth than 86% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets72nd percentile

Assets

Up

$66,515

Up $7,284 (+12%) from 2022

Net Assets

Up

$64,480

Up $11,704 (+22%) from 2022

Liabilities

Down

$2,035

Down $4,420 (-68%) from 2022

Revenue And Expenses
Liabilities / Revenue67th percentileNet Margin55th percentile

Revenue

Up

$207,357

Up $89,118 (+75%) from 2022

Expenses

Down

$195,653

Down $20,859 (-9.6%) from 2022

Net Income

Up

$11,704

Up $109,977 (+112%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth66th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$300K$200K$100K$0Assets 2015: $1,759Liabilities 2015: $02015Assets 2016: $15,515Liabilities 2016: $02016Assets 2017: $97,029Liabilities 2017: $1,5502017Assets 2018: $87,509Liabilities 2018: $1,011Net Assets 2018: $86,4982018Assets 2019: $82,305Liabilities 2019: $4,707Net Assets 2019: $77,5982019Assets 2020: $279,833Liabilities 2020: $13,040Net Assets 2020: $266,7932020Assets 2021: $170,260Liabilities 2021: $19,211Net Assets 2021: $151,0492021Assets 2022: $59,231Liabilities 2022: $6,455Net Assets 2022: $52,7762022Assets 2023: $66,515Liabilities 2023: $2,035Net Assets 2023: $64,4802023Assets 2024: $189,284Liabilities 2024: $2,029Net Assets 2024: $187,2552024

Highlighted filing

2023

Assets$66,515
Liabilities$2,035
Net Assets$64,480
Open 2023 Filing

Operations Trend

Revenue Growth86th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$400K$200K$0-$200KRevenue 2015: $86,239Expenses 2015: $84,480Net Income 2015: $1,7592015Revenue 2016: $166,773Expenses 2016: $153,017Net Income 2016: $13,7562016Revenue 2017: $96,530Expenses 2017: $105,815Net Income 2017: -$9,2852017Revenue 2018: $136,067Expenses 2018: $145,048Net Income 2018: -$8,9812018Revenue 2019: $184,491Expenses 2019: $110,390Net Income 2019: $74,1012019Revenue 2020: $381,274Expenses 2020: $192,079Net Income 2020: $189,1952020Revenue 2021: $132,652Expenses 2021: $248,396Net Income 2021: -$115,7442021Revenue 2022: $118,239Expenses 2022: $216,512Net Income 2022: -$98,2732022Revenue 2023: $207,357Expenses 2023: $195,653Net Income 2023: $11,7042023Revenue 2024: $271,264Expenses 2024: $148,489Net Income 2024: $122,7752024

Highlighted filing

2023

Revenue$207,357
Expenses$195,653
Net Income$11,704
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Nov 11, 2024
Return Version
2023v5.0
Gross Receipts
$207,357
Mission and Program Overview

Mission

Weareanartist-runspacededicatedtocreativity,experimentation,anddiscourseincontemporaryart,fosteringcommunitybyofferingsupportforartistprojectsandcreatingabridgebetweenMiamiandtheinternationalartworld

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.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$59,231$66,515▲ $7,284
Total Assets$59,231$66,515▲ $7,284
Liabilities
Other Liabilities$2,000$2,000→ $0
Accounts Payable and Accrued Expenses$4,455$35▼ $4,420
Total Liabilities$6,455$2,035▼ $4,420
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$52,776$64,480▲ $11,704
Total Net Assets Fund Balance$52,776$64,480▲ $11,704
Total Liabilities and Net Assets / Fund Balance$59,231$66,515▲ $7,284
Compensation and Service Providers
Top Officer Pay92nd percentile

Employees

NameTitleFull / Part TimeBaseTotal
Naomi FisherDirector & PFT$50,000$50,000
Danielle BenderBoard Member-$8,078$8,078

Board Members and Trustees

NameTitle
Agatha WaraBoard Member
Aric KurzmanBoard Member
Katerina LlanesBoard Member
Revenue and Support

Revenue Composition

Contributions and Grants
$207,117
Program Service Revenue
$240
Investment Income
$0
Other Revenue
$0
All Other Contributions
$2,747
Change in Net Assets
$11,704
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$98,923
Other Expenses$96,730
Total Fundraising Expense$1,241
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$45,000$5,000-$50,000
Other Salaries and Wages$44,031$4,892-$48,923
Fees for Services Other$41,482$4,609-$46,091
Advertising$10,977$1,220-$12,197
Travel$7,684$854-$8,538
Occupancy$7,416$824-$8,240
Fees for Services Accounting$1,695$188-$1,883
Insurance$889$99-$988
Other Expenses$751$83$1,241$834
Office Expenses$358$40-$398
All Other Expenses$232$26-$258
Total Functional Expenses$174,971$19,441$1,241$195,653
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Eidl Advance Sba$2,000
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
No
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

“Jessica, the in-house financial manager, compiles all financial information for the year such as details on income, and expenses and shares the relevant operational information with the accountants. Next, after the accountants prepare a draft of the 990 jessica reviews the form to identify any issues or discrepancies between the numbers on the form and the numbers on the books and any identified errors or omissions are corrected with the help of the accountants and the form is passed down to naomi fisher, bfi's director for her review.”

Form 990, Page 6, Part VI, Line 12C

“The board shall adopt and periodically review a conflict of interest policy to protect the corporation's interest when it is contemplating any transaction or arrangement that may benefit any director, officer, employee, affiliate, or member of a committee with board-delegated powers.”

Form 990, Page 6, Part VI, Line 15A

“Comparisons have been made to similar size organizations with similar missions in the visual art non profit field.”

Form 990, Page 6, Part VI, Line 15B

“Comparisons have been made to similar size organizations with similar missions in the visual art non profit field.”

Form 990, Page 6, Part VI, Line 19

“The governing documents are available to the public upon request, this is listed on our website. 990's are publicly available on guidestar.”

Filing and Contact Details

Filer

Filer Name
Bas Fisher Invitational
EIN
47-3336677
Phone
7868777280
Address
PO BOX 370987, MIAMI, FL 33137

Signing Officer

Name
Naomi Fisher
Title
Director & President
Phone
7868777280
Signed
2024-11-11

Organization Details

Principal Officer
Naomi Fisher
Formed
2015
Legal Domicile
Fl
Voting Board Members
5
Independent Board Members
5
Employees
0
Volunteers
5

Preparer

Firm
Mka Miami LLC
Address
7900 NW 155TH ST STE 201, MIAMI LAKES, FL 33016
Preparer
Joseph M Brydon
Phone
3054457956
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

“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.”

Form 990, Part IX, Line 11G

“Artists fees 19,664 2,185 0 contract services 3,150 350 0 other contract services 18,668 2,074 0 total 41,482 4,609 0”

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleA/Total509Grp/TotalAmt0992767
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0207357
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0118239
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0128532
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0381274
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0184491
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt01019893
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt02000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0EIDL ADVANCE SBA
IRS990ScheduleD/TotalLiabilityAmt02000
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0BFI 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.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1JESSICA, THE IN-HOUSE FINANCIAL MANAGER, COMPILES ALL FINANCIAL INFORMATION FOR THE YEAR SUCH AS DETAILS ON INCOME, AND EXPENSES AND SHARES THE RELEVANT OPERATIONAL INFORMATION WITH THE ACCOUNTANTS. NEXT, AFTER THE ACCOUNTANTS PREPARE A DRAFT OF THE 990 JESSICA REVIEWS THE FORM TO IDENTIFY ANY ISSUES OR DISCREPANCIES BETWEEN THE NUMBERS ON THE FORM AND THE NUMBERS ON THE BOOKS AND ANY IDENTIFIED ERRORS OR OMISSIONS ARE CORRECTED WITH THE HELP OF THE ACCOUNTANTS AND THE FORM IS PASSED DOWN TO NAOMI FISHER, BFI'S DIRECTOR FOR HER REVIEW.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE BOARD SHALL ADOPT AND PERIODICALLY REVIEW A CONFLICT OF INTEREST POLICY TO PROTECT THE CORPORATION'S INTEREST WHEN IT IS CONTEMPLATING ANY TRANSACTION OR ARRANGEMENT THAT MAY BENEFIT ANY DIRECTOR, OFFICER, EMPLOYEE, AFFILIATE, OR MEMBER OF A COMMITTEE WITH BOARD-DELEGATED POWERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3COMPARISONS HAVE BEEN MADE TO SIMILAR SIZE ORGANIZATIONS WITH SIMILAR MISSIONS IN THE VISUAL ART NON PROFIT FIELD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4COMPARISONS HAVE BEEN MADE TO SIMILAR SIZE ORGANIZATIONS WITH SIMILAR MISSIONS IN THE VISUAL ART NON PROFIT FIELD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE GOVERNING DOCUMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST, THIS IS LISTED ON OUR WEBSITE. 990'S ARE PUBLICLY AVAILABLE ON GUIDESTAR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6ARTISTS FEES 19,664 2,185 0 CONTRACT SERVICES 3,150 350 0 OTHER CONTRACT SERVICES 18,668 2,074 0 TOTAL 41,482 4,609 0
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART IX, LINE 11G
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0FL
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt059231
IRS990/TotalAssetsEOYAmt066515
IRS990/TotalAssetsGrp/BOYAmt059231
IRS990/TotalAssetsGrp/EOYAmt066515
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0207117
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt01241
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt019441
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0174971
IRS990/TotalFunctionalExpensesGrp/TotalAmt0195653
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt06455
IRS990/TotalLiabilitiesEOYAmt02035
IRS990/TotalLiabilitiesGrp/BOYAmt06455
IRS990/TotalLiabilitiesGrp/EOYAmt02035
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt052776
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt064480
IRS990/TotalProgramServiceExpensesAmt0174971
IRS990/TotalProgramServiceRevenueAmt0240
IRS990/TotalReportableCompFromOrgAmt058078
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0240
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0207357
IRS990/TotalVolunteersCnt05
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt059231
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt066515
IRS990/TravelGrp/ManagementAndGeneralAmt0854
IRS990/TravelGrp/ProgramServicesAmt07684
IRS990/TravelGrp/TotalAmt08538
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0WWW.BASFISHERINVITATIONAL.COM
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02024-10-15 13:58:12Z
ReturnHeader/BusinessOfficerGrp/PersonNm0NAOMI FISHER
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0DIRECTOR & PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum07868777280
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-11-11
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0BAS FISHER INVITATIONAL
ReturnHeader/Filer/BusinessNameControlTxt0BASF
ReturnHeader/Filer/EIN0473336677
ReturnHeader/Filer/PhoneNum07868777280
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 370987
ReturnHeader/Filer/USAddress/CityNm0MIAMI
ReturnHeader/Filer/USAddress/StateAbbreviationCd0FL
ReturnHeader/Filer/USAddress/ZIPCd033137
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0861245877
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0MKA MIAMI LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt07900 NW 155TH ST STE 201
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0MIAMI LAKES
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0FL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd033016
ReturnHeader/PreparerPersonGrp/PhoneNum03054457956
ReturnHeader/PreparerPersonGrp/PreparationDt02024-11-11
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JOSEPH M BRYDON
ReturnHeader/ReturnTs02024-11-11T14:35:16-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02023-01-01
ReturnHeader/TaxPeriodEndDt02023-12-31
ReturnHeader/TaxYr02023

Document Assets

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Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$66,515
Liabilities
$2,035
Net assets
$64,480
Revenue
$207,357
Expenses
$195,653
Net income
$11,704
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.89$0.02$1.87$2.71$1.48$1.23
2023Detailed filing. Detailed filing data is available for this year.$0.67$0.02$0.64$2.07$1.96$0.12
2022Detailed filing. Detailed filing data is available for this year.$0.59$0.06$0.53$1.18$2.17$0.98
2021Detailed filing. Detailed filing data is available for this year.$1.70$0.19$1.51$1.33$2.48$1.16
2020Detailed filing. Detailed filing data is available for this year.$2.80$0.13$2.67$3.81$1.92$1.89
2019Detailed filing. Detailed filing data is available for this year.$0.82$0.05$0.78$1.84$1.10$0.74
2018Detailed filing. Detailed filing data is available for this year.$0.88$0.01$0.86$1.36$1.45$0.09
2017Summary only. Only limited summary data is available for this year.$0.97$0.02$0.97$1.06$0.09
2016Summary only. Only limited summary data is available for this year.$0.16$0.00$1.67$1.53$0.14
2015Summary only. Only limited summary data is available for this year.$0.02$0.00$0.86$0.84$0.02