Overview
What is The Basic Fund?
The Basic Fund, based in Oakland, California, is a privately funded program dedicated to promoting educational equity. It operates in Alameda, Contra Costa, Marin, Napa, San Francisco, San Mateo, Santa Clara, Solano, and Sonoma Counties. By offering scholarships to families of low income, The Basic Fund enables children from pre-kindergarten to eighth grade to attend their preferred private or parochial schools in the Bay Area. This initiative aims to level the educational playing field and enhance opportunities for these families. The program employs a team of 13 individuals, working tirelessly to support its mission.
Official website here: www.basicfund.org
Is The Basic Fund legitimate?
The Basic Fund is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Basic Fund submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Here are some key statistics you may want to consider:
Executive Compensation: $415,160
Professional Fundraising Fees: $0
Other Salaries and Wages: $571,352
For more financial information, click here
Official website here: www.basicfund.org
What is the mission statement of The Basic Fund?
The Basic Fund is a privately funded program that pursues educational equity by providing scholarships to low-income families. Its mission is to help offset the cost of tuition at private schools, enabling these families to afford quality education for their children in grades pre-kindergarten through eighth grade, in various Bay Area counties. The Basic Fund strives to broaden opportunities and promote equality in education for economically disadvantaged families.
Official website here: www.basicfund.org
Who is the CEO of The Basic Fund?
Rachel Elginsmith is the Chairman of The Basic Fund. The CEO's salary of The Basic Fund is $196,760 and their total compensation is $196,760.
Official website here: www.basicfund.org
What is the revenue of The Basic Fund?
Who are the executives of The Basic Fund and what are their salaries?
The average compensation at The Basic Fund during 2022 was $75,886. There are 13 employees and 27 volunteers at The Basic Fund.
Here are 30 key members and their salaries (The Basic Fund's CEO's salary is $196,760 and their total compensation is $196,760):
- Christine Weiss (Chief Adv. Officer)
- Rachel Elginsmith (Chief Executive Officer)
- James H Herbert Ii (Chairman) [Trustee/Director]
- Brian Griggs (President) [Trustee/Director]
- Steven S Klein (Vice President) [Trustee/Director]
- John Couch (Vice President) [Trustee/Director]
- Jeremy Peters (Treasurer) [Trustee/Director]
- Richard C Barker (Director)
- Robert G Barrett (Director)
- Crystal Bryant (Director)
- Richard Chow (Director)
- Kenneth T Derr (Director)
- Jeffrey G Edwards (Director)
- Jono Grayson (Director)
- Edward Jamieson (Director)
- Rupert Johnson Jr (Director)
- John E Kerrigan Jr (Director)
- Theodore Kruttschnitt (Director)
- Ronnie Lott (Director)
- Marissa Mar (Director)
- Michael Mccarthy (Director)
- Edward Mcdermott (Director)
- Sonya Mughal (Director)
- Tim Ranzetta (Director)
- William T Ring (Director)
- Martin Romo (Director)
- Janisha Sabnani (Director)
- Eric A Schwartz (Director)
- Warren E Ned Spieker Jr (Director)
- John Watson (Director)
Official website here: www.basicfund.org
Where can I find the form 990 for The Basic Fund?
The The Basic Fund’s most recent form 990 was submitted in 2022 and can be accessed here
Official website here: www.basicfund.org
Learn more at the official website: www.basicfund.org
Mission Statement of The Basic Fund
The Basic Fund, a privately funded program, is committed to enhancing equity by providing scholarships to low-income families. Its mission is to advance educational equity in various Bay Area counties, including Alameda, Contra Costa, Marin, Napa, San Francisco, San Mateo, Santa Clara, Solano, and Sonoma. The organization assists these families in affording tuition at their preferred private or parochial schools, offering scholarships to students from pre-kindergarten through eighth grade. By providing this financial assistance, The Basic Fund aims to broaden educational opportunities for low-income families, ensuring that their children can access quality education and have a fair start in life.
Impact
This information is meant to be a general summary of The Basic Fund. Please take the time to review official sources before making any decisions based upon the content provided here.
Sunday, July 21, 2024
The Basic Fund's impact is evident in the lives of low-income families in the Bay Area who are able to access quality education through scholarships offered to students from pre-kindergarten through eighth grade. By providing financial assistance for tuition at private or parochial schools, The Basic Fund is actively enhancing educational equity and creating opportunities for underserved communities to receive a quality education. Through these initiatives, The Basic Fund is helping to break down barriers and improve access to education for those who may not have had the opportunity otherwise.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Assets and Liabilities:
Organization Details
Founding Year
1997
Phone
(415) 986-5650
Principal Officer
Rachel Elginsmith
Main Address
475 14TH STREET 290, OAKLAND, CA, 94612
Website
www.basicfund.org
NTEE Category
Code: B820 - Education
If you are a representative of The Basic Fund and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.