Civic Intelligence

Basic Fund Inc.

990 • Fiscal year 2024 • EIN 42-1188596

Oct 01, 2023 to Sep 30, 2024 • Filed on Feb 17, 2025

Organization ProfileNONE
Box 396Schleswig, IA 51461

(712) 269-2558

Siviq Scores

Scores are not available for this record yet.

Balance Sheet

Assets

$687,052

No earlier filing loaded for comparison.

Net Assets

$687,052

No earlier filing loaded for comparison.

Liabilities

$0

No earlier filing loaded for comparison.

Revenue And Expenses

Revenue

$72,044

No earlier filing loaded for comparison.

Expenses

$15,585

No earlier filing loaded for comparison.

Net Income

$56,459

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$800K$600K$400K$200K$0Assets 2024: $687,052Liabilities 2024: $0Net Assets 2024: $687,0522024Assets 2025: $772,349Liabilities 2025: $0Net Assets 2025: $772,3492025

Highlighted filing

2024

Assets$687,052
Liabilities$0
Net Assets$687,052
Open 2024 Filing

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$80K$60K$40K$20K$0Revenue 2024: $72,044Expenses 2024: $15,585Net Income 2024: $56,4592024Revenue 2025: $75,219Expenses 2025: $19,899Net Income 2025: $55,3202025

Highlighted filing

2024

Revenue$72,044
Expenses$15,585
Net Income$56,459
Open 2024 Filing
Jump To
Filing Snapshot
Filing Period
Oct 1, 2023 to Sep 30, 2024
Signed
Feb 17, 2025
Return Version
2023v6.0
Gross Receipts
$72,044
Mission and Program Overview

Mission

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.

Community endowment fund to support civic improvements

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$418,527$674,366▲ $255,839
Savings and Temporary Cash Investments$10,000$11,583▲ $1,583
Cash and Non-Interest-Bearing Accounts$1,385$1,103▼ $282
Total Assets$429,912$687,052▲ $257,140
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$429,912$687,052▲ $257,140
Total Net Assets Fund Balance$429,912$687,052▲ $257,140
Total Liabilities and Net Assets / Fund Balance$429,912$687,052▲ $257,140
Compensation and Service Providers

Board Members and Trustees

NameTitle
Larry GrillPresident
Anne AbbeTrustee/dire
Leisha KragelTrustee/dire
Nancy BielenbergTrustee/dire
Lila BubkeSecretary
Kathy WeissTreasurer
Barbara MoellerVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$49,469
Program Service Revenue
$2,556
Investment Income
$20,019
Other Revenue
$0
All Other Contributions
$49,444
Change in Net Assets
$56,459
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$15,510
Other Expenses$75
Total Fundraising Expense$75
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$15,510--$15,510
Other Expenses--$75$75
Total Functional Expenses$15,510$0$75$15,585
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Service Accomplishment 1Schleswig, IA-Various$5,951
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
No
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 6

“YES”

Form 990, Page 6, Part VI, Line 7A

“YES”

Form 990, Page 6, Part VI, Line 7B

“YES”

Form 990, Page 6, Part VI, Line 11B

“The officers review form 990 when completed and approve before submission.”

Form 990, Page 6, Part VI, Line 19

“The basic fund has four meetings a year that are open to the public. Financial reports are made available at these meetings, and other documents are available upon request.”

Filing and Contact Details

Filer

Filer Name
Basic Fund Inc
EIN
42-1188596
Phone
7122692558
Address
BOX 396, SCHLESWIG, IA 51461

Signing Officer

Name
Larry Grill
Title
President
Phone
7126763606
Signed
2025-02-17
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Larry Grill
Formed
1984
Legal Domicile
Ia
Voting Board Members
7
Independent Board Members
7
Employees
0
Volunteers
12

Preparer

Firm
Mahoney & Gotto Company
Address
1527 4TH AVE SOUTH, DENISON, IA 51442
Preparer
Elaine C Gotto CPA
Phone
7122636189
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

“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.”

Raw XML Appendix335 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
IRS990/AccountantCompileOrReviewInd0false
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0COMMUNITY ENDOWMENT FUND TO SUPPORT CIVIC IMPROVEMENTS
IRS990/AllOtherContributionsAmt049444
IRS990/AnnualDisclosureCoveredPrsnInd0true
IRS990/BackupWthldComplianceInd0false
IRS990/BooksInCareOfDetail/PersonNm0KATHY WEISS
IRS990/BooksInCareOfDetail/PhoneNum07122692558
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt01012 VALLEY VIEW DRIVE
IRS990/BooksInCareOfDetail/USAddress/CityNm0SCHLESWIG
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0IA
IRS990/BooksInCareOfDetail/USAddress/ZIPCd051461
IRS990/BusinessRlnWith35CtrlEntInd0false
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CashNonInterestBearingGrp/BOYAmt01385
IRS990/CashNonInterestBearingGrp/EOYAmt01103
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CollectionsOfArtInd0false
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0false
IRS990/CompensationProcessOtherInd0false
IRS990/ConflictOfInterestPolicyInd0true
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt049469
IRS990/CYGrantsAndSimilarPaidAmt015510
IRS990/CYInvestmentIncomeAmt020019
IRS990/CYOtherExpensesAmt075
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt02556
IRS990/CYRevenuesLessExpensesAmt056459
IRS990/CYSalariesCompEmpBnftPaidAmt00
IRS990/CYTotalExpensesAmt015585
IRS990/CYTotalFundraisingExpenseAmt075
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt072044
IRS990/DecisionsSubjectToApprovaInd0true
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/Desc0SCHLESWIG LIBRARY 1,000.00 GOLF COURSE 1,000.00 CHRISTMAS CHEER COMMITTEE 1,000.00 SCHLESWIG SCHOOL FOUNDATION 988.24 GRANT CEMETARY BOARD 970.55 UNDER THE SON DAYCARE 993.18
IRS990/DescribedInSection501c3Ind0true
IRS990/DisregardedEntityInd0false
IRS990/DocumentRetentionPolicyInd0true
IRS990/DonorAdvisedFundInd0false
IRS990/DonorRstrOrQuasiEndowmentsInd0false
IRS990/ElectionOfBoardMembersInd0true
IRS990/EmployeeCnt00
IRS990/EngagedInExcessBenefitTransInd0false
IRS990/ExpenseAmt05951
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FederalGrantAuditRequiredInd0false
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignOfficeInd0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt00.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt10.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt22.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt32.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt40.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt50.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt61.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/PersonNm0ANNE ABBE
IRS990/Form990PartVIISectionAGrp/PersonNm1NANCY BIELENBERG
IRS990/Form990PartVIISectionAGrp/PersonNm2LILA BUBKE
IRS990/Form990PartVIISectionAGrp/PersonNm3LARRY GRILL
IRS990/Form990PartVIISectionAGrp/PersonNm4LEISHA KRAGEL
IRS990/Form990PartVIISectionAGrp/PersonNm5BARBARA MOELLER
IRS990/Form990PartVIISectionAGrp/PersonNm6KATHY WEISS
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/TitleTxt0TRUSTEE/DIRE
IRS990/Form990PartVIISectionAGrp/TitleTxt1TRUSTEE/DIRE
IRS990/Form990PartVIISectionAGrp/TitleTxt2SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt3PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt4TRUSTEE/DIRE
IRS990/Form990PartVIISectionAGrp/TitleTxt5VICE PRESIDE
IRS990/Form990PartVIISectionAGrp/TitleTxt6TREASURER
IRS990/Form990ProvidedToGvrnBodyInd0true
IRS990/FormationYr01984
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedInd0false
IRS990/FundraisingActivitiesInd0false
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt07
IRS990/GrantAmt05951
IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt015510
IRS990/GrantsToDomesticOrgsGrp/TotalAmt015510
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0true
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt072044
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IndependentAuditFinclStmtInd0false
IRS990/IndependentVotingMemberCnt07
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InvestmentIncomeGrp/RelatedOrExemptFuncIncomeAmt020019
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt020019
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsPubTradedSecGrp/BOYAmt0418527
IRS990/InvestmentsPubTradedSecGrp/EOYAmt0674366
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LegalDomicileStateCd0IA
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembershipDuesAmt025
IRS990/MembersOrStockholdersInd0true
IRS990/MethodOfAccountingCashInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0AS 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.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt0429912
IRS990/NetAssetsOrFundBalancesEOYAmt0687052
IRS990/NetUnrlzdGainsLossesInvstAmt0200681
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0429912
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0687052
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd0false
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherExpensesGrp/Desc0POSTAGE
IRS990/OtherExpensesGrp/FundraisingAmt075
IRS990/OtherExpensesGrp/TotalAmt075
IRS990/PartialLiquidationInd0false
IRS990/PoliticalCampaignActyInd0false
IRS990/PrincipalOfficerNm0LARRY GRILL
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0PUBLICITY RECOGNITION PROGRAM
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt02556
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt02556
IRS990/ProgSrvcAccomActy2Grp/Desc0COMMUNITY CLUB 1,000.00 PRESCHOOL 970.55 SCHLESWIG POOL 988.24 TOWN BEAUTIFY COMMITTEE 1,000.00 MORGAN CEMETERY BOARD 1,000.00
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt04959
IRS990/ProgSrvcAccomActy2Grp/GrantAmt04959
IRS990/ProgSrvcAccomActy3Grp/Desc0BUSINESS CLUB 1,000.00 AMERICAN LEGION 800.00 VFW POST 3930 800.00 FW AUXILIARY 1,000.00 SCHLESWIG AUXILIARY BOARD 1,000.00
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt04600
IRS990/ProgSrvcAccomActy3Grp/GrantAmt04600
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt043222
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt012925
IRS990/PYInvestmentIncomeAmt016738
IRS990/PYProgramServiceRevenueAmt01850
IRS990/PYRevenuesLessExpensesAmt048885
IRS990/PYTotalExpensesAmt012925
IRS990/PYTotalRevenueAmt061810
IRS990/ReconcilationRevenueExpnssAmt056459
IRS990/RegularMonitoringEnfrcInd0false
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/SavingsAndTempCashInvstGrp/BOYAmt010000
IRS990/SavingsAndTempCashInvstGrp/EOYAmt011583
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt052025
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt047122
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt039243
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt04940
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt01740
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0145070
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt020723
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt016738
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt013698
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt012998
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt012328
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt076485
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/InvestmentIncomePYPct00.00000
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct01.00000
IRS990ScheduleA/PublicSupportPY509Pct01.00000
IRS990ScheduleA/PublicSupportTotal509Amt0221555
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt072748
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt063860
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt052941
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt017938
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt014068
IRS990ScheduleA/Total509Grp/TotalAmt0221555
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt072748
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt063860
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt052941
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt017938
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt014068
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0221555
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleI/GrantRecordsMaintainedInd0false
IRS990ScheduleI/RecipientTable/CashGrantAmt05951
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0VARIOUS
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0SERVICE ACCOMPLISHMENT 1
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0LOCAL
IRS990ScheduleI/RecipientTable/USAddress/CityNm0SCHLESWIG
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0IA
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd051461
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0AS 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.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1YES
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2YES
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3YES
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE OFFICERS REVIEW FORM 990 WHEN COMPLETED AND APPROVE BEFORE SUBMISSION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE BASIC FUND HAS FOUR MEETINGS A YEAR THAT ARE OPEN TO THE PUBLIC. FINANCIAL REPORTS ARE MADE AVAILABLE AT THESE MEETINGS, AND OTHER DOCUMENTS ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0429912
IRS990/TotalAssetsEOYAmt0687052
IRS990/TotalAssetsGrp/BOYAmt0429912
IRS990/TotalAssetsGrp/EOYAmt0687052
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt049469
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt075
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt015510
IRS990/TotalFunctionalExpensesGrp/TotalAmt015585
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0429912
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0687052
IRS990/TotalProgramServiceExpensesAmt015510
IRS990/TotalProgramServiceRevenueAmt02556
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt022575
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt072044
IRS990/TotalVolunteersCnt012
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0429912
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0687052
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/USAddress/AddressLine1Txt0405 CEDAR ST
IRS990/USAddress/CityNm0SCHLESWIG
IRS990/USAddress/StateAbbreviationCd0IA
IRS990/USAddress/ZIPCd051461
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt07
IRS990/WebsiteAddressTxt0NONE
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0LARRY GRILL
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum07126763606
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-02-17
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0BASIC FUND INC
ReturnHeader/Filer/BusinessNameControlTxt0BASI
ReturnHeader/Filer/EIN0421188596
ReturnHeader/Filer/PhoneNum07122692558
ReturnHeader/Filer/USAddress/AddressLine1Txt0BOX 396
ReturnHeader/Filer/USAddress/CityNm0SCHLESWIG
ReturnHeader/Filer/USAddress/StateAbbreviationCd0IA
ReturnHeader/Filer/USAddress/ZIPCd051461
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0208959914
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0MAHONEY & GOTTO COMPANY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01527 4TH AVE SOUTH
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0DENISON
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0IA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd051442
ReturnHeader/PreparerPersonGrp/PhoneNum07122636189
ReturnHeader/PreparerPersonGrp/PreparationDt02025-02-18
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0ELAINE C GOTTO CPA
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02025-02-18T20:10:24-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02023-10-01
ReturnHeader/TaxPeriodEndDt02024-09-30
ReturnHeader/TaxYr02023

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$687,052
Liabilities
$0
Net assets
$687,052
Revenue
$72,044
Expenses
$15,585
Net income
$56,459
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$7.72$0.00$7.72$0.75$0.20$0.55
2024Detailed filing. Detailed filing data is available for this year.$6.87$0.00$6.87$0.72$0.16$0.56