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EIN 94-3290699

Basic Fund

IRS 501(c) type
501(c)(3)
Num. employees
16
City
Oakland
State
California
Year formed
1997
Most recent tax filings
2023-06-01
NTEE code, primary
B82: Scholarships, Student Financial Aid Services
Description
To broaden the educational opportunities for inner-city children by helping low-income families afford the cost of tuition at private schools in the Bay Area.
Total revenues
$8,573,960
2023
Total expenses
$9,630,729
2023
Total assets
$23,129,936
2023
Num. employees
16
2023

Program areas at Basic Fund

The Basic Fund (The Fund) is a privately funded program dedicated to broadening The educational equity by helping low-income families in alameda, contra costa, marin, napa, san francisco, san mateo, santa clara, solano, and sonoma counties afford The cost of tuition at private or parochial schools of their choice. The scholarships are offered to students in pre-kindergarten through eighth grade.

Who funds Basic Fund

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
The Bern Schwartz Family FoundationScholarship Fund$1,200,000
Crescent Porter Hale FoundationK-8 Scholarships$1,080,000
Children's Scholarship Fund (CSF)To Provide Partial Scholarship Awards To Children From Low-Income Families$767,244
...and 47 more grants received totalling $6,638,512

Personnel at Basic Fund

NameTitleCompensation
Rachel ElginsmithChief Executive Officer$194,795
Alejandro NunoChief Operating Officer
Laura Gonzalez-ReedChief Advancement Officer
Carmen MartinezChief Program Officer
Roxana LandaverdeOperations Manager
...and 10 more key personnel

Financials for Basic Fund

RevenuesFYE 06/2023
Total grants, contributions, etc.$8,036,379
Program services$0
Investment income and dividends$537,627
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$-46
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$8,573,960

Form 990s for Basic Fund

Fiscal year endingDate received by IRSFormPDF link
2023-062024-05-15990View PDF
2022-062023-05-15990View PDF
2021-062022-05-16990View PDF
2020-062021-05-26990View PDF
2019-062021-01-27990View PDF
...and 9 more Form 990s
Data update history
November 24, 2024
Received grants
Identified 11 new grant, including a grant for $1,200,000 from The Bern Schwartz Family Foundation
November 5, 2024
Updated personnel
Identified 8 new personnel
August 25, 2024
Received grants
Identified 15 new grant, including a grant for $184,000 from The San Francisco Foundation (TSFF)
July 10, 2024
Posted financials
Added Form 990 for fiscal year 2023
May 18, 2024
Received grants
Identified 2 new grant, including a grant for $25,000 from Conn Charitable Foundation
Nonprofit Types
SchoolsEducational service providersCharities
Issues
Education
Characteristics
Provides scholarshipsTax deductible donationsAccepts online donations
General information
Address
475 14th St 290
Oakland, CA 94612
Metro area
San Francisco-Oakland-Berkeley, CA
County
Alameda County, CA
Website URL
basicfund.org/ 
Phone
(415) 986-5650
Facebook page
BASICFund 
Twitter profile
@basicfund 
IRS details
EIN
94-3290699
Fiscal year end
June
Taxreturn type
Form 990
Year formed
1997
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
B82: Scholarships, Student Financial Aid Services
NAICS code, primary
611710: Educational Support Services
Parent/child status
Independent
California AB-488 details
AB 488 status
May Operate or Solicit for Charitable Purposes
Charity Registration status
Current - Awaiting Reporting
FTB status revoked
Not revoked
AG Registration Number
109686
FTB Entity ID
2063906
AB 488 data last updated ("as-of") date
2024-12-18
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