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Filing year 2024

BASIC FUND INC

Schleswig, Iowa·EIN 42-1188596·3
Total revenue
$75k
Total assets
$772k
Total expenses
$20k
Reported officers
7
Mission

AS 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 ORGANIZATIONS. THE AMOUNT OF EACH GRANT IS DETERMINED BY A CONSENSUS OF THE COMMUNITY.

Reported officers (all unpaid)

No paid executives reported in 2024. BASIC FUND INC reported 7 unpaid officers and board members on its 990.

Trustee/dire
Vice Preside
Secretary
Director
President
Trustee/dire
Treasurer
Financial trend

Revenue and expenses over time

BASIC FUND INC reported revenue and expenses across 2 filing years.

RevenueExpenses
$72k
$16k
2023
$75k
$20k
2024
Total revenue and total expenses from IRS Form 990 filings.
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