BAS FISHER INVITATIONAL

EIN: 473336677 501(c)(3) Arts, Culture & Humanities

MIAMI, FL

Total Revenue
$271,264
Total Expenses
$148,489
Total Assets
$189,284
Net Assets
$187,255
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2015
Legal Domicile
FL
Principal Officer
NAOMI FISHER
Phone
7868777280
Tax Period
2024-01-01 to 2024-12-31

BAS FISHER INVITATIONAL, founded in 2015, is a small nonprofit in the Arts, Culture & Humanities sector that reported $271K in total revenue in fiscal year 2024. Revenue surged 31% from the prior year, signaling strong growth momentum. The organization ran a surplus of $123K, a strong 45% operating margin.

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.

Program Service Accomplishments

Program 1
Expenses: $37,041

WEIRD MIAMI TOURS - PROGRAMMING THAT HAS ARTISTS LEAD GROUPS ON TOURS OF ARTIST WORK SPACES HISTORIC SITES POINTS OF INTEREST LOCALLY OWNED BUSINESSES AND NATURAL SITES TO EDUCATE THE PUBLIC ON...

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WEIRD MIAMI TOURS - PROGRAMMING THAT HAS ARTISTS LEAD GROUPS ON TOURS OF ARTIST WORK SPACES HISTORIC SITES POINTS OF INTEREST LOCALLY OWNED BUSINESSES AND NATURAL SITES TO EDUCATE THE PUBLIC ON UNIQUE ASPECTS OF SOUTH FLORIDA AND TO DISCOVER HOW AND WHY ART IS MADE IN MIAMI.

Program 2
Expenses: $71,437

NOMADIC MIAMI - A SITE SPECIFIC CURATORIAL PLATFORM THROUGH WHICH BFI PRESENTS EXHIBITIONS, EXPERIMENTAL WORK, AND PUBLIC PROGRAMMING THAT LOOKS AT MIAMI SITE-SPECIFICALLY. SINCE 2016, THE CURATORIAL...

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NOMADIC MIAMI - A SITE SPECIFIC CURATORIAL PLATFORM THROUGH WHICH BFI PRESENTS EXHIBITIONS, EXPERIMENTAL WORK, AND PUBLIC PROGRAMMING THAT LOOKS AT MIAMI SITE-SPECIFICALLY. SINCE 2016, THE CURATORIAL FOCUS OF NOMADIC MIAMI EMPHASIZES PROJECTS THAT DIRECTLY ADDRESS ENVIRONMENTAL ISSUES FACING SOUTH FLORIDA, WITH EDUCATIONAL SUPPORT AND ACTIONABLE STEPS.

Program 3
Expenses: $23,812

HEAT EXCHANGE - "HEAT EXCHANGE: ART & INFRASTRUCTURE FROM THE TROPICS TO THE ARCTIC" IS A RECIPROCAL RESIDENCY PROGRAM CREATING ANNUAL RESIDENCIES IN MIAMI & NORWAY FOR ARTISTS TO EXPLORE, COMPARE...

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HEAT EXCHANGE - "HEAT EXCHANGE: ART & INFRASTRUCTURE FROM THE TROPICS TO THE ARCTIC" IS A RECIPROCAL RESIDENCY PROGRAM CREATING ANNUAL RESIDENCIES IN MIAMI & NORWAY FOR ARTISTS TO EXPLORE, COMPARE AND CONTRAST INFRASTRUCTURE IN THEIR RESPECTIVE REGIONS AS THEY LOOK AT ENVIRONMENTAL ISSUES, THE ECONOMY, ARTIST'S LABOR, INDIGENEITY, SPIRITUAL PRACTICES, AND OTHER PRESSING ISSUES. MIAMI ARTISTS SHARE RESEARCH THROUGH PANEL DISCUSSIONS, EDUCATIONAL INITIATVES, SITE-SPECIFIC PROJECTS THAT STEM FROM THE ARTISTS' RESIDENCY EXPERIENCES.

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Trantor Score

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $271,164
Program Service Revenue $0
Investment Income $0
Other Revenue $100
TOTAL REVENUE $271,264

Expense Breakdown

Grants Paid $0
Salaries & Benefits $104,862
Fundraising Expenses $1,500
Program Expenses $132,290
Other Expenses $43,627
TOTAL EXPENSES $148,489

Year-over-Year Comparison

2024 2023 Change
Revenue $271,264 $207,357 +0.3%
Expenses $148,489 $195,653 -0.2%
Net Income $122,775 $11,704 +9.5%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
5
Independent Members
5
Employees
N/A
Volunteers
5

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
2
$50,000
Total Directors
5
$50,252
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
NAOMI FISHER DIRECTOR & P 1.50
Officer Director
$50,000 $0 $50,000
DANIELLE BENDER BOARD MEMBER 1.50
Director
$252 $0 $252
ARIC KURZMAN VICE PRESIDE 1.50
Officer Director
$0 $0 $0
KATERINA LLANES BOARD MEMBER 1.50
Director
$0 $0 $0
AGATHA WARA BOARD MEMBER 1.50
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $271,264 $148,489 $189,284 $122,775
2023 $207,357 $195,653 $66,515 $11,704
2020 $381,274 $192,079 $279,833 $189,195
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