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Nonprofiteer
← BETTER WORLD FUND

Form 990 for tax year 2023

Filed by BETTER WORLD FUND.

Totals

Total revenue
$1,230,104
Total expenses
$4,246,897
Contributions and grants received
$1,199,358
Grants paid
$60,000
Program service revenue
$0
Investment income
$30,746
Other revenue
$0
Total assets, end of year
$6,842,724
Total liabilities, end of year
$7,028,700
Net assets or fund balances, end of year
-$185,976
Program services expenses (Part IX)
$3,856,521
Management and general expenses
$327,008
Fundraising expenses
$63,368
Program service expenses (Part III)
$3,856,521

Program services were 90.8% 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.

  • 1b · Membership dues

    $210,451

  • 1f · All other contributions, gifts and grants

    $988,907

  • 3 · Investment income

    total $30,746 · excluded $30,746

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0

  • 5 · Royalties

    total $0

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 6d · Net rental income or loss

    total $0

  • 7d · Net gain or loss

    total $0

  • 8a · Fundraising events: gross income

    $0

  • 8b · Fundraising events: direct expenses

    $0

  • 8c · Net income from fundraising events

    total $0

  • 9a · Gaming: gross income

    $0

  • 9b · Gaming: direct expenses

    $0

  • 9c · Net income from gaming

    total $0

  • 10a · Gross sales of inventory

    $0

  • 10b · Cost of goods sold

    $0

  • 10c · Net income from sales of inventory

    total $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $60,000 · program services $60,000

  • 2 · Grants to domestic individuals

    total $0

  • 3 · Grants to foreign organizations and individuals

    total $0

  • 4 · Benefits paid to or for members

    total $0

  • 5 · Compensation of officers, directors and key employees

    total $190,240 · program services $170,291 · management and general $16,449 · fundraising $3,500

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $1,921,837 · program services $1,720,306 · management and general $166,171 · fundraising $35,360

  • 8 · Pension plan contributions

    total $77,380 · program services $74,239 · management and general $3,155 · fundraising -$14

  • 9 · Other employee benefits

    total $183,292 · program services $165,640 · management and general $13,953 · fundraising $3,699

  • 10 · Payroll taxes

    total $146,944 · program services $135,442 · management and general $9,679 · fundraising $1,823

  • 11a · Fees: management

    total $0

  • 11b · Fees: legal

    total $13,203 · program services $12,543 · management and general $660

  • 11c · Fees: accounting

    total $16,300 · program services $15,485 · management and general $815

  • 11d · Fees: lobbying

    total $7,750 · program services $6,929 · management and general $646 · fundraising $175

  • 11e · Fees: professional fundraising services

    total $0

  • 11f · Fees: investment management

    total $0

  • 11g · Fees: other

    total $959,800 · program services $878,616 · management and general $66,149 · fundraising $15,035

  • 12 · Advertising and promotion

    total $0

  • 13 · Office expenses

    total $42,918 · program services $40,600 · management and general $2,304 · fundraising $14

  • 14 · Information technology

    total $8,842 · program services $3,178 · management and general $5,648 · fundraising $16

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $3,579 · program services $2,808 · management and general $727 · fundraising $44

  • 17 · Travel

    total $85,338 · program services $80,290 · management and general $4,687 · fundraising $361

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $331,509 · program services $314,934 · management and general $16,575

  • 20 · Interest

    total $0

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $0

  • 23 · Insurance

    total $0

  • 24a · Other expenses: MEMBERSHIP DUES

    total $97,183 · program services $92,324 · management and general $4,859

  • 24b · Other expenses: SUBSCRIPTIONS

    total $51,288 · program services $48,723 · management and general $2,565 · fundraising $0

  • 24c · Other expenses: OTHER OPERATING EXPENSES

    total $43,848 · program services $29,394 · management and general $11,133 · fundraising $3,321

  • 24d · Other expenses: COMMUNICATIONS

    total $5,646 · program services $4,779 · management and general $833 · fundraising $34

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $0 · end of year $0

  • 2 · Savings and temporary cash investments

    beginning of year $4,500,924 · end of year $3,180,740

  • 3 · Pledges and grants receivable

    beginning of year $0 · end of year $0

  • 4 · Accounts receivable

    beginning of year $0 · end of year $0

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 7 · Other notes and loans receivable

    beginning of year $0 · end of year $0

  • 8 · Inventories for sale or use

    beginning of year $0 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $10,201 · end of year $157,270

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $0

  • 11 · Investments: publicly traded securities

    beginning of year $2,992,575 · end of year $3,504,714

  • 12 · Investments: other securities

    beginning of year $0 · end of year $0

  • 13 · Investments: program-related

    beginning of year $0 · end of year $0

  • 14 · Intangible assets

    beginning of year $0 · end of year $0

  • 15 · Other assets

    beginning of year $0 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $247,112 · end of year $197,072

  • 18 · Grants payable

    beginning of year $0 · end of year $0

  • 19 · Deferred revenue

    beginning of year $5,830 · end of year $5,830

  • 20 · Tax-exempt bond liabilities

    beginning of year $0 · end of year $0

  • 21 · Escrow or custodial account liability

    beginning of year $0 · end of year $0

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $0 · end of year $0

  • 24 · Unsecured notes and loans payable

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $4,932,080 · end of year $6,825,798

  • 27 · Net assets without donor restrictions

    beginning of year -$572,629 · end of year -$3,526,704

  • 28 · Net assets with donor restrictions

    beginning of year $2,891,307 · end of year $3,340,728

Mission and programs · 2023

Mission

SEE SCHEDULE O

  • ADVOCACY: THE BETTER WORLD FUND WORKS TO SUPPORT THE UN AND UN CAUSES AND EDUCATE THE PUBLIC ABOUT THE ROLE AND VALUE OF THE UNITED NATIONS IN AN INTERDEPENDENT WORLD. WE ENCOURAGE COOPERATION BETWEEN THE UNITED NATIONS AND THE U.S. GOVERNMENT, UNDERSTANDING ABOUT THE UN AMONG THE AMERICAN PUBLIC, AND PAYMENT OF U.S. DUES TO THE UNITED NATIONS ON TIME AND IN FULL.

    Expenses $3,856,521 · Grants $60,000

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Elizabeth Cousens

    PRESIDENT & CEO

    Total calculated
    $498,337
    From this org
    $67,585
    From related orgs
    $382,983
    Other
    $47,769
    Hours/week
    6 + 34 related

    Schedule J breakdown matched by us

    Base
    $60,461 + $342,611 related
    Bonus
    $0
    Other
    $7,124 + $40,372 related
    Deferred
    $0 + $17,400 related
    Nontaxable benefits
    $4,555 + $25,814 related
    Filer's total
    $72,140 + $426,197 related
  • Peter Yeo

    PRESIDENT OF BWF & SR. VP, UNF

    Total calculated
    $389,910
    From this org
    $343,785
    From related orgs
    $0
    Other
    $46,125
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $319,885
    Bonus
    $0
    Other
    $23,900
    Deferred
    $17,400
    Nontaxable benefits
    $28,725
    Filer's total
    $389,910
  • Henry F De Sio Jr

    CHIEF OPERATING OFFICER

    Total calculated
    $378,430
    From this org
    $51,287
    From related orgs
    $290,626
    Other
    $36,517
    Hours/week
    6 + 34 related

    Schedule J breakdown matched by us

    Base
    $43,412 + $246,001 related
    Bonus
    $0
    Other
    $7,875 + $44,625 related
    Deferred
    $0 + $17,400 related
    Nontaxable benefits
    $2,868 + $16,249 related
    Filer's total
    $54,155 + $324,275 related
  • Leslie A Edmond

    CHIEF PEOPLE OFFICER

    Total calculated
    $344,128
    From this org
    $47,588
    From related orgs
    $269,665
    Other
    $26,875
    Hours/week
    6 + 34 related

    Schedule J breakdown matched by us

    Base
    $44,213 + $250,540 related
    Bonus
    $0
    Other
    $3,375 + $19,125 related
    Deferred
    $0 + $17,400 related
    Nontaxable benefits
    $1,421 + $8,054 related
    Filer's total
    $49,009 + $295,119 related
  • George Hannum

    EXEC DIR BWF, SR DIR US-UN REL

    Total calculated
    $224,050
    From this org
    $182,010
    From related orgs
    $0
    Other
    $42,040
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $163,013
    Bonus
    $0
    Other
    $18,997
    Deferred
    $11,038
    Nontaxable benefits
    $31,002
    Filer's total
    $224,050
  • Micah Spangler

    DIRECTOR

    Total calculated
    $154,407
    From this org
    $125,558
    From related orgs
    $0
    Other
    $28,849
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $120,255
    Bonus
    $0
    Other
    $5,303
    Deferred
    $7,954
    Nontaxable benefits
    $20,895
    Filer's total
    $154,407
  • Michael Beard

    EXECUTIVE DIRECTOR

    Total calculated
    $138,260
    From this org
    $115,107
    From related orgs
    $0
    Other
    $23,153
    Hours/week
    40
  • Jessica Pavel

    DIRECTOR, GLOBAL HEALTH ADV.

    Total calculated
    $134,964
    From this org
    $21,369
    From related orgs
    $101,579
    Other
    $12,016
    Hours/week
    6 + 34 related
  • Shenae Burgess

    CHIEF FINANCIAL OFFICER

    Total calculated
    $105,511
    From this org
    $14,462
    From related orgs
    $81,952
    Other
    $9,097
    Hours/week
    6 + 34 related
  • Re Turner

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    5 + 5 related
  • Fabio C Barbosa

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5 + 5 related
  • Nr Narayana Murthy

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5 + 5 related
  • Timothy E Wirth

    DIRECTOR & VICE CHAIR

    Total calculated
    $0
    Hours/week
    5 + 5 related
  • Kathryn Calvin Walters

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5 + 5 related
  • Laura Turner Seydel

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5 + 5 related
  • Rutherford Seydel

    SECRETARY

    Total calculated
    $0
    Hours/week
    5 + 5 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. 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

  • 1a · First-class or charter travel
  • 1a · Travel for companions
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 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

The filer's explanations (Part III)

SCHEDULE J, PART I, LINE 1A
THE TRAVEL EXPENSES OF THE PRESIDENT'S SPOUSE WERE COVERED WHEN ATTENDING OFFICIAL BUSINESS FUNCTIONS. BOARD MEMBERS AND THEIR SPOUSES WERE REIMBURSED FOR AIRFARE, HOTEL, MEALS, AND INCIDENTAL TAXIS OR OTHER TRANSPORTATION WHEN ATTENDING BOARD MEETINGS OR TRAVELING ON BEHALF OF THE FOUNDATION, AS MAY BE REQUESTED BY THE CHAIRMAN OR PRESIDENT FROM TIME TO TIME.

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

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.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • UNA-USA LLC

    SUPPORTS UN · DE · income $0 · assets $0

    Directly controlled by BWF

Provenance

Return type
form_990
Tax year
2023
Filed
15 November 2024
IRS schema version
2023v5.1
Source object
202423209349325727

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