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Nonprofiteer
← BETTER MARKETS INC

Form 990 for tax year 2022

Filed by BETTER MARKETS INC.

Totals

Total revenue
$3,951,265
Total expenses
$3,019,771
Contributions and grants received
$3,940,305
Grants paid
$0
Program service revenue
$0
Investment income
$10,710
Other revenue
$250
Total assets, end of year
$3,494,307
Total liabilities, end of year
$315,411
Net assets or fund balances, end of year
$3,178,896
Program services expenses (Part IX)
$2,414,881
Management and general expenses
$294,500
Fundraising expenses
$310,390
Program service expenses (Part III)
$2,414,881

Program services were 80.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $3,940,305

  • 3 · Investment income

    total $10,710 · excluded $10,710

  • 11a · Other revenue: OTHER INCOME

    total $250 · excluded $250

  • 11e · Other revenue, total

    $250

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $664,975 · program services $533,231 · management and general $65,872 · fundraising $65,872

  • 7 · Other salaries and wages

    total $1,067,729 · program services $887,378 · management and general $73,138 · fundraising $107,213

  • 8 · Pension plan contributions

    total $50,974 · program services $40,130 · management and general $5,422 · fundraising $5,422

  • 9 · Other employee benefits

    total $122,025 · program services $109,151 · management and general $871 · fundraising $12,003

  • 10 · Payroll taxes

    total $111,288 · program services $91,256 · management and general $8,903 · fundraising $11,129

  • 11b · Fees: legal

    total $5,856 · management and general $5,856

  • 11c · Fees: accounting

    total $57,447 · program services $43,085 · management and general $5,745 · fundraising $8,617

  • 11g · Fees: other

    total $400,890 · program services $281,844 · management and general $88,774 · fundraising $30,272

  • 13 · Office expenses

    total $54,904 · program services $44,619 · management and general $3,665 · fundraising $6,620

  • 16 · Occupancy

    total $356,069 · program services $302,229 · management and general $25,054 · fundraising $28,786

  • 17 · Travel

    total $19,673 · program services $10,754 · management and general $1,546 · fundraising $7,373

  • 19 · Conferences, conventions and meetings

    total $12,706 · program services $10,241 · management and general $1,244 · fundraising $1,221

  • 22 · Depreciation, depletion and amortization

    total $22,787 · program services $17,090 · management and general $2,279 · fundraising $3,418

  • 23 · Insurance

    total $22,718 · program services $17,038 · management and general $2,272 · fundraising $3,408

  • 24a · Other expenses: DUES AND SUBSCRIPTIONS

    total $23,776 · program services $8,045 · management and general $453 · fundraising $15,278

  • 24b · Other expenses: PAYROLL PROCESSING FEES

    total $23,589 · program services $17,692 · management and general $2,359 · fundraising $3,538

  • 24c · Other expenses: MISCELLANEOUS

    total $2,365 · program services $1,098 · management and general $1,047 · fundraising $220

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $205,299 · end of year $134,065

  • 2 · Savings and temporary cash investments

    beginning of year $1,067,596 · end of year $2,824,161

  • 3 · Pledges and grants receivable

    beginning of year $1,057,000 · end of year $275,000

  • 9 · Prepaid expenses and deferred charges

    beginning of year $21,070 · end of year $29,104

  • 10a · Land, buildings and equipment: cost or other basis

    $316,729

  • 10b · Land, buildings and equipment: accumulated depreciation

    $251,888

  • 10c · Land, buildings and equipment, net

    beginning of year $70,160 · end of year $64,841

  • 15 · Other assets

    beginning of year $21,762 · end of year $167,136

  • 17 · Accounts payable and accrued expenses

    beginning of year $117,014 · end of year $144,650

  • 25 · Other liabilities

    beginning of year $78,471 · end of year $170,761

  • 27 · Net assets without donor restrictions

    beginning of year $2,238,821 · end of year $2,903,896

  • 28 · Net assets with donor restrictions

    beginning of year $8,581 · end of year $275,000

Mission and programs · 2022

Mission

TO PROMOTE THE PUBLIC INTEREST IN THE DOMESTIC AND GLOBAL CAPITAL AND COMMODITY MARKETS, WITH AN INITIAL PRIMARY FOCUS ON THE RULEMAKING ARISING FROM THE DODD-FRANK WALL STREET REFORM AND CONSUMER PROTECTION ACT AS WELL AS RELATED GLOBAL FINANCIAL REGULATION.

Activities or mission (Part I)

TO PROMOTE THE PUBLIC INTEREST IN THE DOMESTIC AND GLOBAL CAPITAL AND COMMODITY MARKETS.

  • STUDY, RESEARCH, ANALYZE AND DISCUSS (AT CONFERENCES AND OTHERWISE) HOW FINANCIAL MARKETS WORK, THE ROLE OF MARKETS, AND THE ROLE OF REGULATIONS IN THE FINANCIAL SYSTEM WITHIN THE US AND GLOBALLY. WRITING AND FILING COMMENT LETTERS ON PROPOSED RULES AND MEETING WITH REGULATORS AND OTHERS IN CONNECTION WITH PROPOSED RULES AND/OR FUTURE PROPOSED AND/OR FINAL RULES REGARDING FINANCIAL REFORM AND FINANCIAL REGULATION.

    Expenses $2,414,881

As filed on the 2022 return.

Listed in Part VII

  • Adam White

    SECRETARY/TREASURER

    Total calculated
    $0
    Hours/week
    0.25

  • David Desjardins

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1.3

  • Michael M Masters

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    0.25

  • Dennis Kelleher

    PRESIDENT AND CEO

    Total calculated
    $439,147
    From this org
    $421,100
    From related orgs
    $0
    Other
    $18,047
    Hours/week
    80

    Schedule J breakdown matched by us

    Base
    $421,100
    Bonus
    $0
    Other
    $0
    Deferred
    $15,250
    Nontaxable benefits
    $2,797
    Filer's total
    $439,147

  • Dedrick Asunte-Muhammad

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3

  • Donnel Baird

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.05

  • Stephen Hall

    LEGAL DIRECTOR AND SECURIT

    Total calculated
    $225,828
    From this org
    $214,960
    From related orgs
    $0
    Other
    $10,868
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $214,960
    Bonus
    $0
    Other
    $0
    Deferred
    $10,868
    Nontaxable benefits
    $0
    Filer's total
    $225,828

  • Maryan Abdelmesih

    DIRECTOR OF STRATEGIC PARTNERSHIPS & DEVELOPMENT

    Total calculated
    $121,913
    From this org
    $108,680
    From related orgs
    $0
    Other
    $13,233
    Hours/week
    40

  • Phillip Basil

    DIRECTOR OF BANKING POLICY

    Total calculated
    $204,138
    From this org
    $186,750
    From related orgs
    $0
    Other
    $17,388
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $186,750
    Bonus
    $0
    Other
    $0
    Deferred
    $9,338
    Nontaxable benefits
    $8,050
    Filer's total
    $204,138

  • Natalie Shotts

    DIRECTOR OF ADMINISTRATION

    Total calculated
    $110,967
    From this org
    $105,430
    From related orgs
    $0
    Other
    $5,537
    Hours/week
    40

  • Anton Becker

    DIRECTOR OF COMMUNICATIONS

    Total calculated
    $148,611
    From this org
    $111,882
    From related orgs
    $0
    Other
    $36,729
    Hours/week
    40

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2022
Filed
14 July 2023
IRS schema version
2022v5.0
Source object
202301999349301120

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