EIN 94-3290699

The Basic Fund

IRS 501(c) type
501(c)(3)
Num. employees
13
Year formed
1997
Most recent tax filings
2022-06-01
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
$9,421,973
2022
Total expenses
$9,556,741
2022
Total assets
$23,502,708
2022
Num. employees
13
2022

Program areas at The 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 The Basic Fund

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
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$765,803
Schwab Charitable FundEducation$475,446
...and 49 more grants received totalling $5,533,442

Personnel at The Basic Fund

NameTitleCompensation
Rachel ElginsmithChief Executive Officer$196,760
Alejandro NunoChief Operating Officer
Carmen MartinezPrograms Director
Matt NoscoData and Research Manager
Roxana LandaverdeOperations Assistant Manager
...and 8 more key personnel

Financials for The Basic Fund

RevenuesFYE 06/2022
Total grants, contributions, etc.$9,372,132
Program services$0
Investment income and dividends$54,842
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$-5,001
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$9,421,973

Form 990s for The Basic Fund

Fiscal year endingDate received by IRSFormPDF link
2022-062023-05-15990View PDF
2020-062021-05-26990View PDF
2019-062021-01-27990View PDF
2018-062019-07-23990View PDF
2017-062018-06-14990View PDF
...and 7 more Form 990s
Data update history
July 7, 2023
Posted financials
Added Form 990 for fiscal year 2022
June 30, 2023
Updated personnel
Identified 2 new personnel
May 7, 2023
Received grants
Identified 1 new grant, including a grant for $30,000 from The Henry Mayo Newhall Foundation
July 28, 2022
Received grants
Identified 12 new grant, including a grant for $250,000 from American Endowment Foundation
December 23, 2021
Updated personnel
Identified 9 new personnel
Nonprofit Types
SchoolsEducational service providersCharities
Issues
Education
Characteristics
Receives government fundingProvides scholarshipsTax deductible donations
General information
Address
475 14th St 290
Oakland, CA 94612
Metro area
San Francisco-Oakland-Berkeley, 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
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