Financial Information & Stewardship
BASIC’s year-by-year financial reports are posted below, going back to fiscal year 2018. Figures on this page use BASIC’s fiscal year, which runs May 1 to April 30 — so FY2025 covers May 1, 2024 through April 30, 2025.
Unaudited Internal Management Reports
The financial reports on this page are internal management reports produced from BASIC’s accounting system. They are not audited and have not been reviewed or compiled by an independent accountant. BASIC does not currently commission an annual audit. Figures that have been examined by a third party appear in BASIC’s IRS Form 990 filings, which are prepared by an outside firm and posted on the Tax & Public Filings page.
Statement of Activities / Profit & Loss
Every contribution BASIC receives shows up in these statements — and in what they pay for: the Latino Family Literacy Project, the summer Learning Academy, Dolly Parton’s Imagination Library, and the scholarship program.
- Profit & Loss — FY2025 — May 1, 2024 – Apr 30, 2025
- Profit & Loss — FY2024 — May 1, 2023 – Apr 30, 2024
- Profit & Loss — FY2023 — May 1, 2022 – Apr 30, 2023
- Profit & Loss and Balance Sheet — FY2022 — May 1, 2021 – Apr 30, 2022
- Profit & Loss — FY2021 — May 1, 2020 – Apr 30, 2021
- Profit & Loss — FY2020 — May 1, 2019 – Apr 30, 2020
- Profit & Loss — FY2019 — May 1, 2018 – Apr 30, 2019
- Profit & Loss — FY2018 — May 1, 2017 – Apr 30, 2018
Annual Budget
BASIC’s board adopts an annual budget for each fiscal year.
- Annual Budget — FY2025 — May 1, 2024 – Apr 30, 2025
Budgets for years other than the one shown are not posted; contact BASIC to request one.
Financial Snapshot
The figures below are for FY2025 (May 1, 2024 – April 30, 2025), taken from BASIC’s IRS Form 990 for that year.
| FY2025 | FY2024 | |
|---|---|---|
| Contributions and grants received | $580,894 | $457,295 |
| Investment income | $40,341 | $37,949 |
| Total revenue | $621,235 | $522,674 |
| Grants and scholarships paid out | $115,682 | $93,813 |
| Salaries and employee benefits | $209,785 | $139,029 |
| All other expenses | $78,298 | $140,816 |
| Total expenses | $403,765 | $373,658 |
| Net assets at year end | $1,153,761 | $936,291 |
| Total liabilities | $0 | $0 |
BASIC carried no liabilities at the close of either year. Figures are as filed; see the Form 990 for the full detail and its notes.
Financial Documents by Fiscal Year
Every document on this page, arranged by fiscal year. BASIC’s fiscal year runs May 1 to April 30.
| Fiscal Year | Management Report | Form 990 | Budget |
|---|---|---|---|
| FY2025 (May 1, 2024 – Apr 30, 2025) | Report | Form 990 & 199 | Budget |
| FY2024 (May 1, 2023 – Apr 30, 2024) | Report | Form 990 & 199 | Not posted — request a copy |
| FY2023 (May 1, 2022 – Apr 30, 2023) | Report | Not posted — request a copy | Not posted — request a copy |
| FY2022 (May 1, 2021 – Apr 30, 2022) | Report | Not posted — request a copy | Not posted — request a copy |
| FY2021 (May 1, 2020 – Apr 30, 2021) | Report | Not posted — request a copy | Not posted — request a copy |
| FY2020 (May 1, 2019 – Apr 30, 2020) | Report | Not posted — request a copy | Not posted — request a copy |
| FY2019 (May 1, 2018 – Apr 30, 2019) | Report | Not posted — request a copy | Not posted — request a copy |
| FY2018 (May 1, 2017 – Apr 30, 2018) | Report | Not posted — request a copy | Not posted — request a copy |
Form 990 filings for FY2019 through FY2023 were published on BASIC’s previous website but are not currently in hand; see the Tax & Public Filings page for how to obtain them.
Looking for Something?
If a document or figure you were looking for is not posted here yet, contact BASIC directly and ask.