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JEFF & LINDA BASISTA FOUNDATION: Form 990PF, tax year 2024

View the entire original 990 at ProPublica ↗

Organization
JEFF & LINDA BASISTA FOUNDATION (EIN 87-3989035)
Tax period
2024-01-01 to 2024-12-31
Filed
2025-11-17
IRS object ID
202523219349105377
Schema version
2024v5.2
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2025-11-17T14:27:32-06:00ReturnTs
Tax Period End2024-12-31TaxPeriodEndDt
Return Type990PFReturnTypeCd
Tax Period Begin2024-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN873989035EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1Jeff & Linda Basista FoundationBusinessNameLine1Txt
FieldValueIRS element (for citing)
In Care Of% Linda BasistaInCareOfNm
Business Name ControlJEFFBusinessNameControlTxt
Phone9066305040PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1PO Box 153AddressLine1Txt
CitySpringportCityNm
State AbbreviationMIStateAbbreviationCd
ZIP49284ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonLINDA BASISTAPersonNm
Person TitlePresidentPersonTitleTxt
Phone9066305040PhoneNum
Signature2025-11-17SignatureDt
FieldValueIRS element (for citing)
IRS Responsible Prty Info CurrYes (true)IRSResponsiblePrtyInfoCurrInd
Tax2024TaxYr
Build TS2025-03-06 01:10:19ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$45,594FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Schedule B Not RequiredYes (X)ScheduleBNotRequiredInd
Dividends Rev And Expnss$1,616DividendsRevAndExpnssAmt
Dividends Net Invst Incm$1,616DividendsNetInvstIncmAmt
Dividends Adj Net Incm$1,616DividendsAdjNetIncmAmt
Cap Gain Net Incm Net Invst Incm$867CapGainNetIncmNetInvstIncmAmt
Net ST Capital Gain Adj Net Incm$867NetSTCapitalGainAdjNetIncmAmt
Total Rev And Expnss$1,616TotalRevAndExpnssAmt
Total Net Invst Incm$2,483TotalNetInvstIncmAmt
Total Adj Net Incm$2,483TotalAdjNetIncmAmt
Taxes Rev And Expnss$25TaxesRevAndExpnssAmt
Occupancy Rev And Expnss$870OccupancyRevAndExpnssAmt
Other Expenses Rev And Expnss$2,031OtherExpensesRevAndExpnssAmt
Tot Opr Expenses Rev And Expnss$2,926TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$0TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$1,300ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$1,300ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$4,226TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$0TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$1,300TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$2,610ExcessRevenueOverExpensesAmt
Net Investment Income$2,483NetInvestmentIncomeAmt
Adjusted Net Income$2,483AdjustedNetIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Sav And Temp Cash Invst BOY$574SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$2,848SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$2,848SavAndTempCashInvstEOYFMVAmt
US Government Obligations EOY$14,260USGovernmentObligationsEOYAmt
US Govt Obligations EOYFMV$14,260USGovtObligationsEOYFMVAmt
Corporate Stock BOY$46,584CorporateStockBOYAmt
Corporate Stock EOY$27,963CorporateStockEOYAmt
Corporate Stock EOYFMV$28,486CorporateStockEOYFMVAmt
Total Assets BOY$47,158TotalAssetsBOYAmt
Total Assets EOY$45,071TotalAssetsEOYAmt
Total Assets EOYFMV$45,594TotalAssetsEOYFMVAmt
Total Liabilities BOY$0TotalLiabilitiesBOYAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind
No Donor Rstr Net Assests BOY$47,158NoDonorRstrNetAssestsBOYAmt
No Donor Rstr Net Assests EOY$45,071NoDonorRstrNetAssestsEOYAmt
Tot Net Ast Or Fund Balances BOY$47,158TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$45,071TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$47,158TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$45,071TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$47,158TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$2,610ExcessRevenueOverExpensesAmt
Subtotal$44,548SubtotalAmt
Other Decreases$2,056OtherDecreasesAmt
Tot Net Ast Or Fund Balances EOY$42,492TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp

FieldValueIRS element (for citing)
PropertyFirst Eagle Global FundPropertyDesc
How AcquiredPHowAcquiredCd
Gross Sales Price$867GrossSalesPriceAmt
Gain Or Loss$867GainOrLossAmt
Gains Minus Excess Or Losses$867GainsMinusExcessOrLossesAmt
FieldValueIRS element (for citing)
Capital Gain Net Income$867CapitalGainNetIncomeAmt
Net Short Term Capital Gain Loss$867NetShortTermCapitalGainLossAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$35InvestmentIncomeExciseTaxAmt
Subtotal$35SubtotalAmt
Subtitle A Tax$0SubtitleATaxAmt
Tax Based On Investment Income$35TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx$25EstimatedPlusOvpmtIncmTxAmt
Exempt Frgn Org Tax Wthld At Srce$0ExemptFrgnOrgTaxWthldAtSrceAmt
Extsn Request Income Tax Paid$30ExtsnRequestIncomeTaxPaidAmt
Total Payments And Credits$55TotalPaymentsAndCreditsAmt
Overpayment$20OverpaymentAmt
Refund$20RefundAmt

Statements Regarding Acty StatementsRegardingActyGrp

FieldValueIRS element (for citing)
Legislative Political ActyfalseLegislativePoliticalActyInd
More Than100 SpentfalseMoreThan100SpentInd
Form1120 POL FiledfalseForm1120POLFiledInd
Activities Not Previously RptfalseActivitiesNotPreviouslyRptInd
Changes To Articles Or BylawsfalseChangesToArticlesOrBylawsInd
Unrelated Bus Incm Over LimitfalseUnrelatedBusIncmOverLimitInd
Organization Dissolved EtcfalseOrganizationDissolvedEtcInd
Section508e Rqr SatisfiedYes (true)Section508eRqrSatisfiedInd
At Least5000 In AssetsYes (true)AtLeast5000InAssetsInd
Org Report Or Register StateMIOrgReportOrRegisterStateCd
Form990 PF Filed With Atty GenYes (true)Form990PFFiledWithAttyGenInd
Private Operating FoundationfalsePrivateOperatingFoundationInd
New Substantial ContributorsfalseNewSubstantialContributorsInd
Own Controlled EntityfalseOwnControlledEntityInd
Donor Advised FundfalseDonorAdvisedFundInd
Comply With Public Insp RqrYes (true)ComplyWithPublicInspRqrInd

Persons With Books Name PersonsWithBooksName

FieldValueIRS element (for citing)
Business Name Line1Linda K BasistaBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone9066305040PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line1136 E MAIN ST PO BOX 153AddressLine1Txt
CitySPRINGPORTCityNm
State AbbreviationMIStateAbbreviationCd
ZIP49284ZIPCd
FieldValueIRS element (for citing)
Foreign Accounts QuestionfalseForeignAccountsQuestionInd

Statements Regarding Acty4720 StatementsRegardingActy4720Grp

FieldValueIRS element (for citing)
Sale Or Exch Disqualified PrsnfalseSaleOrExchDisqualifiedPrsnInd
Brrw Or Lend Disqualified PrsnfalseBrrwOrLendDisqualifiedPrsnInd
Furn Goods Disqualified PrsnfalseFurnGoodsDisqualifiedPrsnInd
Pay Comp Disqualified PrsnYes (true)PayCompDisqualifiedPrsnInd
Transfer Ast Disqualified PrsnfalseTransferAstDisqualifiedPrsnInd
Payment To Government OfficialfalsePaymentToGovernmentOfficialInd
Acts Fail To Qlfy As ExceptionsfalseActsFailToQlfyAsExceptionsInd
Uncorrected Prior ActsfalseUncorrectedPriorActsInd
Undistributed Income PYfalseUndistributedIncomePYInd
Business HoldingsfalseBusinessHoldingsInd
Excess Business HoldingsfalseExcessBusinessHoldingsInd
Jeopardy InvestmentsfalseJeopardyInvestmentsInd
Uncorrected PY Jeopardy InvstfalseUncorrectedPYJeopardyInvstInd
Influence LegislationfalseInfluenceLegislationInd
Influence ElectionfalseInfluenceElectionInd
Grants To IndividualsfalseGrantsToIndividualsInd
Grants To OrganizationsfalseGrantsToOrganizationsInd
Noncharitable PurposefalseNoncharitablePurposeInd
Transactions Fail To Qlfy As ExcfalseTransactionsFailToQlfyAsExcInd
Maintained Expenditure RspnsfalseMaintainedExpenditureRspnsInd
Rcv Fnds To Pay Prsnl Bnft CntrctfalseRcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft CntrctfalsePayPremiumsPrsnlBnftCntrctInd
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd
Proceeds Or Net IncomefalseProceedsOrNetIncomeInd
Subj To Tax Rmnrtn Ex Prcht PymtfalseSubjToTaxRmnrtnExPrchtPymtInd

Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp

Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (3 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdTitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmtEmployee Benefit ProgramEmployeeBenefitProgramAmtExpense Account Other AllwncExpenseAccountOtherAllwncAmt
JEFFREY S BASISTA
PO BOX 153SPRINGPORTMI49284DIRECTOR0.00$0$0$0
BEVERLY A BRESSETTE
PO BOX 153SPRINGPORTMI49284DIRECTOR0.00$0$0$0
LINDA K BASISTA
PO Box 153SpringportMI49284President0.00$0$0$0
FieldValueIRS element (for citing)
Comp Of Hghst Pd Empl Or NONENONECompOfHghstPdEmplOrNONETxt
Other Employee Paid Over50k0OtherEmployeePaidOver50kCnt
Comp Of Hghst Pd Cntrct Or NONENONECompOfHghstPdCntrctOrNONETxt
Contractor Paid Over50k0ContractorPaidOver50kCnt

Summary Of Direct Chrtbl Acty SummaryOfDirectChrtblActyGrp

FieldValueIRS element (for citing)
Description1Grants to 501c3 charitable organizationsDescription1Txt
Expenses1$1,300Expenses1Amt

Minimum Investment Return MinimumInvestmentReturnGrp

FieldValueIRS element (for citing)
Average Monthly FMV Of Sec$44,737AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$1,260AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$45,997TotalFMVOfUnusedAssetsAmt
Reduction Claimed$0ReductionClaimedAmt
Adjusted Total FMV Of Unused Ast$45,997AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$690CashDeemedCharitableAmt
Net Vl Noncharitable Assets$45,307NetVlNoncharitableAssetsAmt
Minimum Investment Return$2,265MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$2,265MinimumInvestmentReturnAmt
Tax Based On Investment Income$35TaxBasedOnInvestmentIncomeAmt
Total Tax$35TotalTaxAmt
Distributable Before Adj$2,230DistributableBeforeAdjAmt
Distributable Before Ded$2,230DistributableBeforeDedAmt
Distributable As Adjusted$2,230DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

FieldValueIRS element (for citing)
Expenses And Contributions$1,300ExpensesAndContributionsAmt
Qualifying Distributions$1,300QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$2,230DistributableAsAdjustedAmt
Excess Distribution Cyov Yr1$1,092ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$1,092TotalExcessDistributionCyovAmt
Qualifying Distributions$1,300QualifyingDistributionsAmt
Applied To Prior Years$0AppliedToPriorYearsAmt
Treated As Distri From Corpus$0TreatedAsDistriFromCorpusAmt
Remaining Distri From Corpus$1,300RemainingDistriFromCorpusAmt
Excess Distri Cyov App CY Corpus$1,092ExcessDistriCyovAppCYCorpusAmt
Excess Distribution Cyov App CY$1,092ExcessDistributionCyovAppCYAmt
Total Corpus$1,300TotalCorpusAmt
Undistributed Income CY$1,138UndistributedIncomeCYAmt
Excess Distri Cyov To Next Yr$1,300ExcessDistriCyovToNextYrAmt
Excess From Current Year$1,300ExcessFromCurrentYearAmt

Private Operating Foundations PrivateOperatingFoundationsGrp

Lessor Adj Net Incm Min Invst Ret LessorAdjNetIncmMinInvstRetGrp

FieldValueIRS element (for citing)
Current Year$0CurrentYearAmt
Total$0TotalAmt

Qualifying Distributions QualifyingDistributionsGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Supplementary Information SupplementaryInformationGrp

FieldValueIRS element (for citing)
Contributing ManagerLINDA BASISTAContributingManagerNm
Contributing ManagerJEFFREY BASISTAContributingManagerNm
Only Contri To PreselectedYes (X)OnlyContriToPreselectedInd

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (2 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
SPRINGPORT VILLAGE HISTORY ROOM
PO Box 128SpringportMI49284History Preservation$200
SAVE-A-SOUL RESCUE NORTH
2260 N Birch StKalkaskaMI49646Animal Rescue and Welfare$1,100
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$1,300TotalGrantOrContriPdDurYrAmt
Total Grant Or Contri Apprv Fut$0TotalGrantOrContriApprvFutAmt

Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp

FieldValueIRS element (for citing)
Trnsfr Of Cash To Nonchrtbl EOfalseTrnsfrOfCashToNonchrtblEOInd
Trnsfr Other Asset Nonchrtbl EOfalseTrnsfrOtherAssetNonchrtblEOInd
Sales Or Exchanges Of AssetsfalseSalesOrExchangesOfAssetsInd
Purchase Of Assets Nonchrtbl EOfalsePurchaseOfAssetsNonchrtblEOInd
Rental Of Facilities Oth AssetsfalseRentalOfFacilitiesOthAssetsInd
Reimbursement ArrangementsfalseReimbursementArrangementsInd
Loans Or Loan GuaranteesfalseLoansOrLoanGuaranteesInd
Performance Of Services EtcfalsePerformanceOfServicesEtcInd
Sharing Of Facilities EtcfalseSharingOfFacilitiesEtcInd
Relationships Nonchrtbl EOfalseRelationshipsNonchrtblEOInd

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp

FieldValueIRS element (for citing)
StockFirst Eagle Global CStockNm
EOY Book Value$27,963EOYBookValueAmt
EOYFMV$28,486EOYFMVAmt

Investments Govt Obligations Sch InvestmentsGovtObligationsSch

FieldValueIRS element (for citing)
US Govt Obligations Book Vl EOY$14,260USGovtObligationsBookVlEOYAmt
US Govt Obligations EOYFMV$14,260USGovtObligationsEOYFMVAmt

Other Decreases Schedule OtherDecreasesSchedule

Other Decreases Detail OtherDecreasesDetail

FieldValueIRS element (for citing)
DescTaxes and fees paidDesc
Amt$2,056Amt

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp

FieldValueIRS element (for citing)
DescIRS PenaltyDesc
Revenue And Expenses Per Books$2,031RevenueAndExpensesPerBooksAmt

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail

FieldValueIRS element (for citing)
Category2023 TaxesCategoryTxt
Amt$25Amt

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