Public nonprofit record
BASIC FUND INC
EIN 42-1188596 · Scholarships & Student Financial Aid (B82)
What they do
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.
Money
Tax year 2024Financial picture
Revenue$75,219
Expenses$19,899
Assets$772,349
Income$75,219
Contributions$48,263
Grants given$25,531
Average grant$6,383
Stocks and bonds$770,534
Accounting fees$275
About this charity
- Recognized since
- January 1983
- Location
- BOX 396, SCHLESWIG, IA 51461
- County
- Crawford
- In care of
- LARRY GRILL
- Primary officer
- LARRY GRILL, PRESIDENT
How to reach them
Filing and classification
- Latest tax year
- 2024
- Tax period began
- October 1, 2024
- Return type
- 990
- Tax preparer
- MAHONEY & GOTTO COMPANY
- NTEE classification
- Scholarships & Student Financial Aid (B82)
- IRS tax category
- Scholarships & Student Financial Aid
- Grant-giving organization
- Yes
More public IRS record details
These are classification codes from the organization’s public nonprofit record.
- Subsection
- 03
- Affiliation
- 3
- Classification
- 1000
- Deductibility
- 1
- Foundation
- 15
- Organization
- 5
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