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Nonprofiteer
← FUND FOR A BETTER FUTURE INC

Form 990 for tax year 2023

Filed by FUND FOR A BETTER FUTURE INC.

Totals

Total revenue
$41,718,209
Total expenses
$41,402,425
Contributions and grants received
$41,617,418
Grants paid
$36,010,000
Program service revenue
$3,712
Investment income
$97,079
Other revenue
$0
Total assets, end of year
$25,095,166
Total liabilities, end of year
$5,354,717
Net assets or fund balances, end of year
$19,740,449
Program services expenses (Part IX)
$40,613,910
Management and general expenses
$605,487
Fundraising expenses
$183,028
Program service expenses (Part III)
$40,613,910

Program services were 98.1% 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

    $41,617,418

  • 1g · Noncash contributions included above

    $1,048,064

  • 2a · Program service revenue: CONTRACTS

    total $3,712 · related or exempt $3,712

  • 3 · Investment income

    total $106,309 · excluded $106,309

  • 7a · Gross sales of assets other than inventory

    securities $1,038,834

  • 7b · Less cost or other basis and sales expenses

    securities $1,048,064

  • 7c · Gain or loss

    securities -$9,230

  • 7d · Net gain or loss

    total -$9,230 · excluded -$9,230

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $36,010,000 · program services $36,010,000

  • 5 · Compensation of officers, directors and key employees

    total $107,771 · program services $20,858 · management and general $73,551 · fundraising $13,362

  • 7 · Other salaries and wages

    total $768,851 · program services $605,516 · management and general $141,417 · fundraising $21,918

  • 8 · Pension plan contributions

    total $35,864 · program services $25,626 · management and general $8,795 · fundraising $1,443

  • 9 · Other employee benefits

    total $159,263 · program services $113,798 · management and general $39,055 · fundraising $6,410

  • 11b · Fees: legal

    total $153,507 · program services $111,436 · management and general $38,957 · fundraising $3,114

  • 11c · Fees: accounting

    total $18,796 · management and general $18,796

  • 11e · Fees: professional fundraising services

    total $130,625 · fundraising $130,625

  • 11f · Fees: investment management

    total $124 · management and general $124

  • 11g · Fees: other

    total $3,443,228 · program services $3,439,715 · management and general $1,862 · fundraising $1,651

  • 13 · Office expenses

    total $15,784 · program services $12,975 · management and general $2,548 · fundraising $261

  • 14 · Information technology

    total $132,543 · program services $103,618 · management and general $26,880 · fundraising $2,045

  • 16 · Occupancy

    total $17,921 · program services $10,104 · management and general $7,229 · fundraising $588

  • 17 · Travel

    total $24,356 · program services $24,010 · management and general $314 · fundraising $32

  • 19 · Conferences, conventions and meetings

    total $67,064 · program services $66,312 · management and general $682 · fundraising $70

  • 22 · Depreciation, depletion and amortization

    total $2,012 · program services $1,654 · management and general $325 · fundraising $33

  • 23 · Insurance

    total $16,061 · management and general $16,061

  • 24a · Other expenses: EXCISE TAXES

    total $215,217 · management and general $215,217

  • 24b · Other expenses: SUBSCRIPTIONS

    total $59,410 · program services $48,839 · management and general $9,591 · fundraising $980

  • 24c · Other expenses: FILING FEES

    total $17,320 · program services $14,238 · management and general $2,796 · fundraising $286

  • 24d · Other expenses: PAYROLL SERVICES

    total $2,714 · program services $1,939 · management and general $666 · fundraising $109

  • 24e · All other expenses

    total $3,994 · program services $3,272 · management and general $621 · fundraising $101

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $473,476 · end of year $2,576,403

  • 2 · Savings and temporary cash investments

    beginning of year $16,501,932 · end of year $18,616,431

  • 4 · Accounts receivable

    beginning of year $2,030 · end of year $1,332

  • 12 · Investments: other securities

    beginning of year $3,901,000 · end of year $3,901,000

  • 17 · Accounts payable and accrued expenses

    beginning of year $653,314 · end of year $504,330

  • 18 · Grants payable

    beginning of year $800,459 · end of year $4,850,000

  • 25 · Other liabilities

    beginning of year $0 · end of year $387

  • 27 · Net assets without donor restrictions

    beginning of year $1,425,639 · end of year $1,891,525

  • 28 · Net assets with donor restrictions

    beginning of year $17,999,026 · end of year $17,848,924

Mission and programs · 2023

Mission

FUND FOR A BETTER FUTURE INC. (FBF) IS DEDICATED TO PROMOTING THE COMMON GOOD BY PROTECTING THE ENVIRONMENT, UPHOLDING DEMOCRATIC VALUES, ADDRESSING DISPARITIES IN PUBLIC HEALTH, AND ADVANCING SOCIAL EQUITY.

Activities or mission (Part I)

SEE PART III, LINE 1.

  • DURING 2023, THE FUND FOR A BETTER FUTURE INC. (FBF) PROVIDED GRANTS TO ORGANIZATIONS ADVANCING SOLUTIONS TO THE CLIMATE CRISIS; PROTECTING VOTER RIGHTS; PRESERVING FUNDAMENTAL ENVIRONMENTAL LAWS; AND ADDRESSING DISPARITIES IN PUBLIC HEALTH, INCLUDING REPRODUCTIVE RIGHTS. AS A FISCAL SPONSOR, FBF PROVIDED ADMINISTRATIVE (HUMAN RESOURCES, LEGAL, FINANCIAL, TECHNOLOGY) SERVICES TO CLIMATE POWER, AN ORGANIZATION WORKING TO EMPOWER U.S. LEADERS TO TAKE BOLD, URGENT ACTION TO COMBAT THE CLIMATE CRISIS, AND A CAMPAIGN TO STOP THE EXPANSION OF THE PETROCHEMICAL INDUSTRY IN THE UNITED STATES.

    Expenses $40,613,910 · Grants $36,010,000 · Revenue $3,712

As filed on the 2023 return.

Listed in Part VII

  • Avi Garbow See Sch O

    DIRECTOR AND PRESIDENT

    Total calculated
    $98,056
    From this org
    $68,525
    From related orgs
    $29,531
    Other
    $0
    Hours/week
    2 + 2 related

  • Jason Burnett

    DIRECTOR AND CHAIR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Christopher J Elliman

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Martha Kongsgaard

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Preston Pinkett III

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Melissa Roy

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Rosina Bugarin See Sch O

    TREASURER & CHIEF FINANCIAL OFFICER

    Total calculated
    $46,766
    From this org
    $31,727
    From related orgs
    $15,039
    Other
    $0
    Hours/week
    2 + 2 related

  • Helena Choi See Sch O

    SECRETARY AND VICE PRESIDENT

    Total calculated
    $10,557
    From this org
    $7,519
    From related orgs
    $3,038
    Other
    $0
    Hours/week
    1 + 1 related

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.

Grants on this return

The 10 largest by cash amount. The API serves every itemized grant.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

  • SHARED ASCENT FUND

    501(C)(3) · PROMOTE THE COMMON GOOD - DEMOCRATIC VALUES, HEALTH, SOCIAL EQUITY · DE

Provenance

Return type
form_990
Tax year
2023
Filed
11 October 2024
IRS schema version
2023v5.1
Source object
202422859349301632

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