A Better Way Foundation Abwf Inc
- Assets
- $2.8m
- Revenue
- $2.8m
- Investments
- $0.0
- Employees
- 27
- Location
- New Haven, CT
- Founding
- 12/2000
- Data as of
- 08/2023
- EIN
- 06-1576383
Organization Overview
A Better Way Foundation Abwf Inc is located in New Haven, CT. The organization was established in 2000. According to its NTEE Classification (F01) the organization is classified as: Alliances & Advocacy, under the broad grouping of Mental Health & Crisis Intervention and related organizations. As of 08/2023, A Better Way Foundation Abwf Inc employed 27 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. A Better Way Foundation Abwf Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 08/2023, A Better Way Foundation Abwf Inc generated $2.8m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 34.8% each year . All expenses for the organization totaled $1.6m during the year ending 08/2023. While expenses have increased by 27.2% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
PUBLIC EDUCATION ON DRUG POLICIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE NONPARTISAN ANALYSIS, STUDY AND RESEARCH OF ALTERNATIVES TO CURRENT DRUG POLICY IN AN ATTEMPT TO EDUCATE JUDICIAL AND ADMINISTRATIVE GOVERNMENTAL AGENCIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jose Afaro Director | Trustee | 1 | $0 |
Earl Bloodworth Director | Trustee | 1 | $0 |
Stephen A Borla Director | Trustee | 1 | $0 |
Jennifer Quaye-Hudson Executive Di | OfficerTrustee | 1 | $0 |
Erick Carrion Rivera Director | Trustee | 1 | $0 |
Keren Salim Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,641,755 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,641,755 |
| Total Program Service Revenue | $135,054 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,776,809 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $855,215 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $30,666 |
| Payroll taxes | $71,068 |
| Fees for services: Management | $13,801 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $249,115 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $135,054 |
| Advertising and promotion | $2,010 |
| Office expenses | $19,471 |
| Information technology | $10,793 |
| Royalties | $0 |
| Occupancy | $62,408 |
| Travel | $10,700 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $14,654 |
| Interest | $448 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $55,150 |
| All other expenses | $1,165 |
| Total functional expenses | $1,582,688 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,290,970 |
| Savings and temporary cash investments | $466,008 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $18,850 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $9,489 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,225 |
| Total assets | $2,787,542 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $490,602 |
| Total liabilities | $490,602 |
| Net assets without donor restrictions | $2,296,940 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $2,787,542 |
Grants Awarded
Over the last fiscal year, A Better Way Foundation Abwf Inc has awarded $13,700 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
BRIDGEPORT GENERATION NOW PURPOSE: general funds | $6,700 |
MIDDLESEX UNITED WAY PURPOSE: general funds | $7,000 |