Basic Fund INC EIN 42-1188596

Basic Fund INC

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Funds community projects and civic improvements through endowments. For fiscal year 2025 it reported $75K in revenue, $20K in expenses, and $772K in net assets.Pt I

Type
Public charity (501(c)(3)) · Nonprofit
Location
Schleswig, IA
Filings
2 on file (2024–2025)
Revenue
$75KFY2025
Expenses
$20K
Net assets
$772K
People
7
Filings
2
Updates
0
More identity details & actions ⌄
EIN  42-1188596 Public charity (501(c)(3)) Schleswig, IA
Form 990 (PDF)
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Size
<$100K
What they do
Funds community projects and civic improvements through endowments.
Leadership
Anne Abbe · Trustee/Dire
Money in and out
$75K revenue, $20K expenses
Bottom line
100% program efficiency
Where the money goes · FY2025
Total revenue
$75K
Pt VIII · Ln 12
Total expenses
$20K
Pt IX · Ln 25
Net assets
$772K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $55K
Where spending went · Part IX cols B–D
Program services $1.00
Program efficiency
100%
of spending reaches programs+0.5% vs prior filing year
Operating runway
465.8mo
months of highly liquid reserves at operating expense rate▼ -12% vs prior filing year
Surplus margin
+74%
revenue over expenses, this year▼ -6% vs prior filing year

Summary of the Filing

Part I · fiscal year 2025 · Form 990
Revenue
$75K
FY2025▲ +4%
Expenses
$20K
FY2025▲ +28%
Total assets
$772K
FY2025▲ +12%
Total liabilities
$0
FY2025
Total revenue
$75K
Pt VIII · Ln 12
Total expenses
$20K
Pt IX · Ln 25
Net assets
$772K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$55K
Total assetsPt X · Ln 16$772K
Program-expense ratioPt IX · col B100%
Voting members of governing bodyPt I · Ln 37
Independent voting membersPt I · Ln 47
Mission & Programs · Part III

Where the work happens

3 program services account for $20K of program spending, described in the organization's own filed words · FY2024.
01

SHS alumni 963.64 am legion 1,041.63 business club 1,121.59 christmas cheer 1,067.05 crossroads of CC 1,062.50 enterprise 1,117.05 fire dept 930.26

$7Kprogram expense
02

2025 grant 1,089.95 2025 golf course 1,030.68 2025 schleswig pool 993.90 2025 town beautify committee 1,064.77 2025 morgan cemetery board 1,148.86 2025 library 1,128.41

$6Kprogram expense
03

2025 school foundation 1,146.59 2025 sharks 4-h 958.67 2025 childcare 1,153.41 2025 VFW post 427.27 2025 youth rec 1,109.81 2025 preschool 1,024.45

$6Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CBasic Fund INC
EINHdr · item D42-1188596
Principal addressHdr · item CSchleswig, IA
WebsiteHdr · item Jnone reported
Year of formationHdr · item Lpending
State of legal domicileHdr · item MIA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFNonprofit
Ruling yearIRS BMFFeb 1983

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a7
Independent voting membersPt VI · Ln 1b7
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
Trustee/Dire
$0Pt VII · Sec A
Vice Preside
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
President
$0Pt VII · Sec A
Trustee/Dire
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
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Statement of Revenue

Part VIII
Contributions & grants$48K · 64%
Investment income$24K · 32%
Program service revenue$3K · 4%
Contributions & grants64%$48K
Investment income32%$24K
Program service revenue4%$3K
Total revenueLn 12$75K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $1.00
Program services100%$20K
Total functional expensesLn 25$20K

Balance Sheet

Part X · end of year
CashLn 1$2K
Total assetsLn 16$772K
Total liabilitiesLn 26$0
Total net assetsLn 32$772K
Months of cash on handcomputed1.1

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $772K · Operating expenses/yr $20K
465.8 months
Where the money goes
Program services
Program services $20K · Total expenses $20K
100%
Management & General
Management & general $0 · Total expenses $20K
0%
Fundraising
Fundraising $0 · Total expenses $20K
0%
Cost to raise $1
Fundraising expense (2-yr avg) $38 · Solicited contributions (2-yr avg) $49K
$0.00 to raise $1 (2-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $48K · Total revenue $75K
64%
Government reliance
Government grants — · Total revenue $75K
Earned-income share
Program service revenue $3K · Total revenue $75K
4%
Investment reliance
Investment income $24K · Total revenue $75K
+32%
Program self-sufficiency
Program service revenue $3K · Total expenses $20K
16%
Growth & trend
Revenue growth (YoY)
This year $75K · Prior year $72K
+4%
Net-asset trend (YoY)
End of year $772K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $75K · Expenses $20K
+74%
Liabilities-to-Assets
Total liabilities — · Total assets $772K
Net-asset ratio
Net assets $772K · Total assets $772K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $771K · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $772K
100%
People & payroll
Highest Reported Total Compensation
Individual Anne Abbe · Reported title TRUSTEE/DIRE · Highest reported compensation $0 · Total expenses $20K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $20K
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 100%
Overhead ratio 0%
Fundraising cost ratio 0%
Revenue growth 4%
Accounting fee ratio 1%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · this organization's grantmaking
Grants paid · 4 grants · $26K · 2023–2024
Service Accomplishment 1FY2024$7,304
Service Accomplishment 2FY2024$6,456
Service Accomplishment 3FY2024$5,820
Service Accomplishment 1FY2023$5,951

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$75K revenue · viewing · ⤓ 990 PDF
FY2024$72K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2025IRS
Classification, formation year, addressIRS Business Master File
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