Basic Fund Inc

Unknown organization based in Schleswig, IA.0 Exempt under §501(c)(3).

MissionAS A COMMUNITY ENDOWMENT FUND, WE PROVIDE FUNDING FOR CIVIC IMPROVEMENTS BY DISTRIBUTING OUR INCOME THROUGH GRANT REQUESTS. ALL OF OUR INCOME WAS ORGINALLY DONATIONS FROM THE PUBLIC, AND IT WAS INVESTED, AND THE INVESTMENT INCOME IS OFFERED TO FUND GRANTS TO COMMUNITY

EIN
42-1188596
State
IA
Sector
Unknown
Budget band
<$250K
Latest filing
TY 2024
Records
—

Financial snapshot · TY 2024

$75K
Total revenue
$20K
Total expenses
$772K
Net assets

Financial health · TY 2024

83
Strong financial health
Composite score out of 100 based on reserve ratio, program efficiency, and revenue diversification.
Reserve ratio
100
465.8 months of expenses
Program efficiency
100
100% spent on programs
Revenue diversity
17
Mix of program fees, grants & contributions

No individual compensation data available.

This organization files with the IRS but does not report individual compensation on Form 990 Part VII.

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Basic Fund Inc Executive Compensation | 990 Data | DoubleNine