BASIC FUND INC is a Public Charity headquartered in SCHLESWIG, IA. Financial data from the 2025 filing: $75K revenue, $20K expenses, $772K total assets. IRS filings disclose 4 grants awarded by this foundation, totaling roughly $26K.
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.
Showing up to 5 of 4 total records — full history available with membership.
Officer compensation and complete director data available with membership.
| Year | Revenue | Expenses | Assets |
|---|---|---|---|
| 2025 | $75K | $20K | $772K |
| 2024 | $72K | $16K | $687K |
Between 2024 and 2025, reported annual revenue grew from $72K to $75K (+4%), with total assets most recently reported at $772K.
Interactive year-over-year charts and full filing details available with membership.
Grants from this foundation were reported to recipients in IA.
Full geographic grant map with state-by-state breakdown available with membership.
