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Nonprofiteer
← FUND FOR A BETTER FUTURE INC

Form 990 for tax year 2024

Filed by FUND FOR A BETTER FUTURE INC.

Totals

Total revenue
$7,686,017
Total expenses
$14,171,510
Contributions and grants received
$7,633,000
Grants paid
$10,736,382
Program service revenue
$1,623
Investment income
$51,394
Other revenue
$0
Total assets, end of year
$14,079,455
Total liabilities, end of year
$824,499
Net assets or fund balances, end of year
$13,254,956
Program services expenses (Part IX)
$13,745,095
Management and general expenses
$398,280
Fundraising expenses
$28,135
Program service expenses (Part III)
$13,745,095

Program services were 97.0% 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

    $7,633,000

  • 2a · Program service revenue: CONTRACTS

    total $1,623 · related or exempt $1,623

  • 3 · Investment income

    total $51,394 · excluded $51,394

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $10,736,382 · program services $10,736,382

  • 5 · Compensation of officers, directors and key employees

    total $169,504 · program services $45,017 · management and general $117,335 · fundraising $7,152

  • 7 · Other salaries and wages

    total $684,802 · program services $542,376 · management and general $127,676 · fundraising $14,750

  • 8 · Pension plan contributions

    total $33,578 · program services $28,081 · management and general $4,657 · fundraising $840

  • 9 · Other employee benefits

    total $135,755 · program services $98,724 · management and general $33,492 · fundraising $3,539

  • 11b · Fees: legal

    total $68,903 · program services $52,939 · management and general $15,685 · fundraising $279

  • 11c · Fees: accounting

    total $26,843 · management and general $26,843

  • 11e · Fees: professional fundraising services

    total $636 · fundraising $636

  • 11f · Fees: investment management

    total $45 · management and general $45

  • 11g · Fees: other

    total $2,075,982 · program services $2,061,192 · management and general $14,688 · fundraising $102

  • 13 · Office expenses

    total $19,691 · program services $12,743 · management and general $6,844 · fundraising $104

  • 14 · Information technology

    total $48,740 · program services $20,355 · management and general $28,023 · fundraising $362

  • 16 · Occupancy

    total $12,048 · program services $6,148 · management and general $5,780 · fundraising $120

  • 17 · Travel

    total $35,801 · program services $34,222 · management and general $1,547 · fundraising $32

  • 19 · Conferences, conventions and meetings

    total $90,964 · program services $89,089 · management and general $1,839 · fundraising $36

  • 22 · Depreciation, depletion and amortization

    total $4,059 · program services $2,627 · management and general $1,411 · fundraising $21

  • 23 · Insurance

    total $6,596 · management and general $6,596

  • 24a · Other expenses: FILING FEES

    total $9,673 · program services $6,260 · management and general $3,362 · fundraising $51

  • 24b · Other expenses: SUBSCRIPTIONS

    total $4,145 · program services $2,682 · management and general $1,441 · fundraising $22

  • 24c · Other expenses: DUES AND MEMBERSHIPS

    total $3,983 · program services $3,900 · management and general $81 · fundraising $2

  • 24d · Other expenses: PAYROLL SERVICES

    total $2,547 · program services $1,777 · management and general $705 · fundraising $65

  • 24e · All other expenses

    total $833 · program services $581 · management and general $230 · fundraising $22

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,576,403 · end of year $623,932

  • 2 · Savings and temporary cash investments

    beginning of year $18,616,431 · end of year $9,554,523

  • 4 · Accounts receivable

    beginning 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 $504,330 · end of year $374,453

  • 18 · Grants payable

    beginning of year $4,850,000 · end of year $450,000

  • 25 · Other liabilities

    beginning of year $387 · end of year $46

  • 27 · Net assets without donor restrictions

    beginning of year $1,891,525 · end of year $1,636,056

  • 28 · Net assets with donor restrictions

    beginning of year $17,848,924 · end of year $11,618,900

Mission and programs · 2024

Mission

FUND FOR A BETTER FUTURE INC.'S MISSION IS TO PROMOTE THE COMMON GOOD BY UPHOLDING DEMOCRATIC VALUES, PROTECTING THE ENVIRONMENT, PROMOTING HEALTH, AND ADVANCING SOCIAL EQUITY.

Activities or mission (Part I)

SEE PART III, LINE 1.

  • DURING 2024, THE FUND FOR A BETTER FUTURE INC. (FBF) PROVIDED GRANTS TO ORGANIZATIONS ADVANCING SOLUTIONS TO CLIMATE CHANGE, ADDRESSING DISPARITIES IN PUBLIC HEALTH, AND PROTECTING THE ENVIRONMENT. AS A FISCAL SPONSOR, FBF ALSO PROVIDED ADMINISTRATIVE (HUMAN RESOURCES, LEGAL, FINANCIAL, TECHNOLOGY) SERVICES TO PROJECTS FOCUSED ON ENVIRONMENTAL AND SOCIAL CAUSES.

    Expenses $13,745,095 · Grants $10,736,382 · Revenue $1,623

As filed on the 2024 return.

Listed in Part VII

  • Jason Burnett

    DIRECTOR & 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

  • Avi Garbow See Sch O

    DIRECTOR & PRESIDENT (END 10/2024)

    Total calculated
    $74,919
    From this org
    $51,095
    From related orgs
    $19,632
    Other
    $4,192
    Hours/week
    3 + 1 related

  • Rosina Bugarin See Sch O

    TREASURER & CFO

    Total calculated
    $73,640
    From this org
    $41,730
    From related orgs
    $21,926
    Other
    $9,984
    Hours/week
    5 + 3 related

  • Helena Choi See Sch O

    SECRETARY & VICE PRESIDENT

    Total calculated
    $30,927
    From this org
    $20,181
    From related orgs
    $6,318
    Other
    $4,428
    Hours/week
    3 + 1 related

  • Matthew Armsby See Sch O

    VP & INTERIM PRES. (BEG 10/2024)

    Total calculated
    $45,432
    From this org
    $38,924
    From related orgs
    $1,680
    Other
    $4,828
    Hours/week
    5 + 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
2024
Filed
16 October 2025
IRS schema version
2024v5.2
Source object
202502899349301125

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