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Compensation 990 is an independent service that uses public IRS Form 990 filings as its source data. We clean and standardize this information, but the original filings may contain errors or omissions. Years on this site refer to the organization’s fiscal year end date on the filing.

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Organizations Basic Fund Inc.

Basic Fund Inc.

Fiscal year ending 2025. Filed on November 17, 2025.

Box 396
Schleswig, Iowa 51461

Basic Fund Inc. (EIN: 42-1188596) has filed an IRS Form 990 since fiscal year 2024. In its fiscal year 2025 IRS Form 990 filing, Basic Fund Inc., a 501(c)(3) charitable organization, reported compensation for 0 out of 0 total employees.

Revenue, expenses, and employee compensation

Revenue

$75,219

Expenses

$19,899

Employee compensation

$0
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

No compensated employees were reported for this year.

Non-Employee Board Members

Anne Abbe
Director and Trustee
Dennis Gierstorf
Director
Kathy Weiss
Treasurer
Larry Grill
President
Leisha Kragel
Director and Trustee
Lila Bubke
Secretary
Nancy Bielenberg
Vice President

Mission Statement

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.

Revisions to this organization profile

November 17, 2025:
2025 Basic Fund Inc. 990 filed
February 19, 2025:
2024 Basic Fund Inc. 990 filed

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