Nonprofit · EIN 56-2093546
THE BASCOM CORPORATION
Tax-exempt · HIGHLANDS, NC 28741
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $4,769,055 | $2,379,029 | $2,390,026 | $14,485,554 | $173,820 | $14,311,734 |
| December 31, 2024 | 990 | $1,825,577 | $2,074,391 | -$248,814 | $11,881,638 | $112,587 | $11,769,051 |
| December 31, 2023 | 990 | $1,694,062 | $2,043,079 | -$349,017 | $11,987,724 | $61,877 | $11,925,847 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $4,077,335
- of which government grants
- $63,000
- Program service revenue
- $288,532
- Investment income
- $84,325
- Net rental income
- $80,816
- Net gain from sales of assets
- $46,585
- Net income from fundraising events
- -$44,449
- Net income from sales of inventory
- $276,205
- Other revenue
- $318,863
Expenses
- Grants and similar amounts paid
- $40,390
- Compensation of officers, directors and key employees
- $190,819
- Other salaries and wages
- $673,762
- Salaries, compensation and benefits (total)
- $1,019,491
- Professional fundraising fees
- $63,514
- Legal fees
- $5,176
- Accounting fees
- $20,578
- Occupancy
- $335,906
- Travel
- $17,690
- Depreciation
- $352,366
- Program services (functional)
- $1,461,171
- Management and general (functional)
- $520,026
- Fundraising (functional)
- $397,832
Balance sheet and other
- Total assets, start of year
- $11,881,638
- Total assets, end of year
- $14,485,554
- Total liabilities, end of year
- $173,820
- Net assets, end of year
- $14,311,734
- Land, buildings and equipment
- $8,989,431
- Publicly traded securities
- $1,669,591
- Net assets without donor restrictions
- $809,361
- Net assets with donor restrictions
- $13,502,373
- Gross unrelated business income
- $65,816
- Gross receipts
- $5,283,109
- Employees
- 13
- Volunteers
- 25
- Year formed
- 1998
- State of legal domicile
- NC
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| William Love | Incoming Executive Director Officer | 40 | $139,450 | $6,350 |
| Niki Kinkade | Departing Executive Director Officer | 40 | $45,019 | $0 |
| Ann Wrobleski | Chair Trustee or director, Officer | 8 | $0 | $0 |
| Charlene Palmisano | Vice Chair Trustee or director, Officer | 8 | $0 | $0 |
| William Jump | Treasurer Trustee or director, Officer | 8 | $0 | $0 |
| Myron Mall | Assisstant Treasurer Trustee or director, Officer | 8 | $0 | $0 |
| Margaret Denny | Secretary Trustee or director, Officer | 8 | $0 | $0 |
| David Bock | Board Member Trustee or director | 2 | $0 | $0 |
| Michael Crowe | Board Member Trustee or director | 2 | $0 | $0 |
| Lynn DeVault | Board Member Trustee or director | 2 | $0 | $0 |
| Chris Duffy | Board Member Trustee or director | 2 | $0 | $0 |
| Kendra Hildbold | Board Member Trustee or director | 2 | $0 | $0 |
| Kathleen Hohlstein | Board Member Trustee or director | 2 | $0 | $0 |
| Maudie Huff | Board Member Trustee or director | 2 | $0 | $0 |
| Barbara Jamison | Board Member Trustee or director | 2 | $0 | $0 |
11 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Sue Lewis | Board Member Trustee or director | 2 | $0 |
| Mark Mahaffey | Board Member Trustee or director | 2 | $0 |
| Carol Misner | Board Member Trustee or director | 2 | $0 |
| Kirk Moore | Board Member Trustee or director | 2 | $0 |
| Kathy Prosser | Board Member Trustee or director | 2 | $0 |
| Nancy Race | Board Member Trustee or director | 2 | $0 |
| Rusty Stewart | Board Member Trustee or director | 2 | $0 |
| Susan Tarver | Board Member Trustee or director | 2 | $0 |
| Greg Thompson | Board Member Trustee or director | 2 | $0 |
| Marcia Weber | Board Member Trustee or director | 2 | $0 |
| Hilary Wilkes | Board Member Trustee or director | 2 | $0 |
990 for the year ended December 31, 2024: 26 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| William Love | Incoming Executive Director Officer | 40 | $104,284 | $5,645 |
| Karin Peterson | Retiring Executive Director Officer | 40 | $86,923 | $0 |
| Niki Kinkade | Departing Executive Director Officer | 40 | $81,538 | $3,375 |
| Ann Wrobleski | Chair Trustee or director, Officer | 8 | $0 | $0 |
| William Jump | Treasurer Trustee or director, Officer | 8 | $0 | $0 |
| Margaret Denny | Vice-Chair Trustee or director, Officer | 8 | $0 | $0 |
| Charlene Palmisano | Secretary Trustee or director, Officer | 8 | $0 | $0 |
| Andrew Adams | Board Member Trustee or director | 2 | $0 | $0 |
| David Bock | Board Member Trustee or director | 2 | $0 | $0 |
| Michael Crowe | Board Member Trustee or director | 2 | $0 | $0 |
| Chris Duffy | Board Member Trustee or director | 2 | $0 | $0 |
| Kathleen Hohlstein | Board Member Trustee or director | 2 | $0 | $0 |
| Maudie Huff | Board Member Trustee or director | 2 | $0 | $0 |
| Barbara Jamison | Board Member Trustee or director | 2 | $0 | $0 |
| Sue Lewis | Board Member Trustee or director | 2 | $0 | $0 |
| Mark Mahaffey | Board Member Trustee or director | 2 | $0 | $0 |
| Myron Mall | Board Member Trustee or director | 2 | $0 | $0 |
| Carol Misner | Board Member Trustee or director | 2 | $0 | $0 |
| Kirk Moore | Board Member Trustee or director | 2 | $0 | $0 |
| Nancy Race | Board Member Trustee or director | 2 | $0 | $0 |
| Rebecca Rieder | Board Member Trustee or director | 2 | $0 | $0 |
| Susan Tarver | Board Member Trustee or director | 2 | $0 | $0 |
| Greg Thompson | Board Member Trustee or director | 2 | $0 | $0 |
| Ansley Tolleson | Board Member Trustee or director | 2 | $0 | $0 |
| Marcia Weber | Board Member Trustee or director | 2 | $0 | $0 |
| Hilary Wilkes | Board Member Trustee or director | 2 | $0 | $0 |
990 for the year ended December 31, 2023: 29 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Karin Peterson | Retiring Executive Director Officer | 40 | $125,000 | $812 |
| William Love | Co-Executive Director Officer | 40 | $92,787 | $2,273 |
| Niki Kinkade | Incoming Executive Director Officer | 0 | $0 | $0 |
| Ann Wrobleski | Chair Trustee or director, Officer | 8 | $0 | $0 |
| William Jump | Treasurer Trustee or director, Officer | 8 | $0 | $0 |
| Margaret Denny | Vice-Chair Trustee or director, Officer | 8 | $0 | $0 |
| Jo Hill | Secretary Trustee or director, Officer | 8 | $0 | $0 |
| Susan Tarver | Asst Treasurer Trustee or director, Officer | 8 | $0 | $0 |
| Andrew Adams | Board Member Trustee or director | 2 | $0 | $0 |
| David Bock | Board Member Trustee or director | 2 | $0 | $0 |
| Michael Crowe | Board Member Trustee or director | 2 | $0 | $0 |
| Kathleen Hohlstein | Board Member Trustee or director | 2 | $0 | $0 |
| Maudie Huff | Board Member Trustee or director | 2 | $0 | $0 |
| Barbara Jamison | Board Member Trustee or director | 2 | $0 | $0 |
| Mark Mahaffey | Board Member Trustee or director | 2 | $0 | $0 |
| Myron Mall | Board Member Trustee or director | 2 | $0 | $0 |
| Carol Misner | Board Member Trustee or director | 2 | $0 | $0 |
| Kirk Moore | Board Member Trustee or director | 2 | $0 | $0 |
| Charlene Palmisano | Board Member Trustee or director | 2 | $0 | $0 |
| Nancy Race | Board Member Trustee or director | 2 | $0 | $0 |
| Rebecca Rieder | Board Member Trustee or director | 2 | $0 | $0 |
| C Marie Sharpe | Board Member Trustee or director | 2 | $0 | $0 |
| Ansley Tolleson | Board Member Trustee or director | 2 | $0 | $0 |
| Marcia Weber | Board Member Trustee or director | 2 | $0 | $0 |
| Hilary Wilkes | Board Member Trustee or director | 2 | $0 | $0 |
| Nancy Dyleski | Board Member Trustee or director | 2 | $0 | $0 |
| Bob Gross | Board Member Trustee or director | 2 | $0 | $0 |
| Beverly Seinsheimer | Board Member Trustee or director | 2 | $0 | $0 |
| Mary Thompson | Board Member Trustee or director | 2 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 323 FRANKLIN RD, HIGHLANDS, NC 28741-8551
- Principal officer (990 for 2025)
- Ann Wrobleski, 323 Franklin Road, Highlands, NC 28741
- Signed the 990
- William Love, Executive Director
- Phone
- (828) 526-4949
- Website
- www.thebascom.org
- Return prepared by
- CORLISS & SOLOMON PLLC
Mission
The Bascom creates visual art experiences that inspire and empower individuals and communities through seeing, thinking and doing.
Program accomplishments
- Through engaging the artistic imagination, we build human capacity and resilience in the people of our region and infuse the creative economy of Western North Carolina with opportunities for community members, visitors, and artists alike. We serve the public at large by offering 9-12 exhibitions annually, free of charge, and fee-based art classes and studio experiences throughout the year. We support artists by offering professional opportunities for residencies, exhibitions, teaching, curatorships, and retail sales. We serve youth in our community by partnering with other local nonprofits and schools to provide art-infused STEM and literacy education, and we offer on-site classes and arts-based summer camps. We also provide school teachers with in-service professional development opportunities.Expenses $1,461,171 · grants $40,390 · revenue $564,737
- The Bascoms Public Programs serve 3,000 participants of all ages living in Macon and Jackson counties. Activities include free art exhibitions and adjoining programming, artist residencies, in-class and out-of-school-time STEAM and art activities, professional development opportunities for local educators, workshops, camps, and sales opportunities for local artists.
- 2025 Achievements: **Provided 10 high-quality, free-admission exhibits to 20,000 visitors **Reached 3,600 participants through our 30 free outreach programs **Improved workshop access by providing $33,000 in scholarships **Offered 4 Artist Residencies for project and exhibition development. **Offered over 150 classes and workshops on campus for youth and adults **Offered 40 Teaching Opportunities for artists to share their knowledge. **Supported 300 artists through our exhibition and retail programs
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 56-2093546
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2000
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Arts, culture and humanities (A400)
- Assets (IRS master file)
- $14,485,554
- Income (IRS master file)
- $5,283,109
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $4,769,055 | $2,379,029 | $14,485,554 | XML |
| 990-T | December 2025 | – | – | – | IRS |
| 990 | December 2024 | $1,825,577 | $2,074,391 | $11,881,638 | IRS |
| 990-T | December 2024 | – | – | – | IRS |
| 990 | December 2023 | $1,694,062 | $2,043,079 | $11,987,724 | XML |
| 990-T | December 2023 | – | – | – | IRS |
| 990 | December 2022 | $2,550,789 | $1,779,722 | $12,126,456 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 56-2093546).
Questions about THE BASCOM CORPORATION
- What is the EIN of THE BASCOM CORPORATION?
- The employer identification number (EIN) of THE BASCOM CORPORATION is 56-2093546.
- Is THE BASCOM CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2000.
- Are donations to THE BASCOM CORPORATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does THE BASCOM CORPORATION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of THE BASCOM CORPORATION due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did THE BASCOM CORPORATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of THE BASCOM CORPORATION?
- The 990 for the year ended December 31, 2025 names Ann Wrobleski.
- Who are the officers and directors of THE BASCOM CORPORATION?
- The 990 for the year ended December 31, 2025 lists 26 people; 2 received compensation from the organization, the highest $139,450 (William Love, Incoming Executive Director).
- How much revenue does THE BASCOM CORPORATION have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $4,769,055, expenses of $2,379,029 and total assets of $14,485,554 at year end.
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- HIGHLANDS COMMUNITY THEATRE INC EIN 56-6060841 · last filed 990 for 2025
- INTERNATIONAL FRIENDSHIP CENTER EIN 56-2303345 · last filed 990 for 2025
- THE HIGHLANDS HISTORICAL PRESERVATION SOCIETY INC EIN 56-1242178 · last filed 990 for 2025
- BENJAMIN FRANKLIN HOUSE FOUNDATION INC EIN 37-1434655 · last filed 990-PF for 2024
- HIGHLAND COMMUNITY PLAYERS INC EIN 56-1934576 · last filed 990-N for 2025
- HIGHLANDS COUNTRY CLUB INC EIN 56-1304056 · last filed 990 for 2025
- HIGHLANDS FALLS COUNTRY CLUB INC EIN 56-1184946 · last filed 990 for 2025
All nonprofits in HIGHLANDS · North Carolina · Arts, culture and humanities