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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 Education The Basic Fund

The Basic Fund

Fiscal year ending 2024. Filed on April 30, 2025.

475 14th Street 290
Oakland, California 94612

The Basic Fund (EIN: 94-3290699) has filed an IRS Form 990 since at least fiscal year 2016. In its fiscal year 2024 IRS Form 990 filing, The Basic Fund, a 501(c)(3) charitable organization, reported compensation for 2 out of 16 total employees. Among the employees shown here, the average compensation is $165,402. The highest compensated employee at The Basic Fund is Rachel Elginsmith with fiscal year 2024 compensation of $194,800.

Revenue, expenses, and employee compensation

Revenue

$15,579,251

Expenses

$17,216,390

Employee compensation

$1,364,805
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Rachel Elginsmith
Chief Executive Officer
$194,800
$194,800 No related compNo other comp
Christine Weiss
Chief Advancement Officer
$136,003
$136,003 No related compNo other comp

Benchmark Employee Compensation

Non-Employee Board Members

Brian Griggs
President
Crystal Bryant
Director
Eric A Schwartz
Director
James H Herbert II
Chair
Janisha Sabnani
Deputy General Counsel
Jeffrey G Edwards
Director
Jeremy Peters
Treasurer
John C Kern Jr
Director
John Couch
Vice President
John E Kerrigan Jr
Director
Jono Grayson
Director
Jurgen Huck
Director

Mission Statement

THE BASIC FUND IS A PRIVATELY FUNDED PROGRAM WHOSE MISSION IS TO ADVANCE EDUCATIONAL EQUITY FOR LOW-INCOME FAMILIES BY HELPING OFFSET THE COST OF TUITION AT PRIVATE SCHOOLS IN THE BAY AREA.

Revisions to this organization profile

April 30, 2025:
2024 The Basic Fund 990 filed
May 15, 2024:
2023 The Basic Fund 990 filed
May 15, 2023:
2022 The Basic Fund 990 filed

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The Basic Fund Scholarship Foundation
Oakland, California
Basic Fund Inc.
Schleswig, Iowa