The Basic Fund
The Basic Fund
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About this organization
Mission
The Basic Fund (Bay Area Scholarships for Inner-City Children) is a privately funded 501(c)3 organization 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
About
The Basic Fund (Bay Area Scholarships for Inner City Children) is a privately funded program whose mission is 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.
Interesting data from their 2019 990 filing
The non-profit's mission, as documented in the filing, is “The basic fund (bay area scholarships for inner city children) is a privately funded program whose mission is 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.”.
When explaining its purpose, the activities were described as: “To broaden the educational opportunities for inner city children by helping low-income families afford tuition at private schools.”.
- The non-profit is legally allowed to operate in the state of CA, as reported.
- The filing provides the non-profit's address in 2019 as 475 14TH STREET SUITE 520, OAKLAND, CA, 94612.
- The non-profit has a total of 16 employees, as reported on their form for 2019.
- Does not operate a hospital.
- Does not operate a school.
- Does not collect art.
- Does not provide credit counseling.
- Does not have foreign activities.
- Is not a donor-advised fund.
- Is not a private foundation.
- Expenses are greater than $1,000,000.
- Revenue is greater than $1,000,000.
- Revenue less expenses is $2,210,240.
- The CEO compensation strategy within the organization is determined through a review and approval process by a neutral party.
- The organization has a written policy that describes how long it will retain documents.
- The organization has 30 independent voting members.
- The organization was formed in 1997.
- The organization has a written policy that addresses conflicts of interest.
- The organization is required to file Schedule B.
- The organization is required to file Schedule O.
- The organization pays $814,935 in salary, compensation, and benefits to its employees.
- The organization pays $477,916 in fundraising expenses.
- The organization provides Form 990 to its governing body.
- The organization pays grants to individuals.
- The organization has minutes of its meetings.
- The organization has a written whistleblower policy.
- The organization's financial statements were reviewed by an accountant.