Never Better Foundation
- Assets
- $853.6k
- Revenue
- $71.6k
- Investments
- $456.1k
- Employees
- 0
- Location
- Draper, UT
- Founding
- 08/2008
- Data as of
- 12/2021
- EIN
- 26-0565423
Organization Overview
Never Better Foundation is located in Draper, UT. The organization was established in 2008. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Never Better Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Since 2014, Never Better Foundation has awarded 43 individual grants totaling $620,987. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
DONATION OF FUNDS TO OTHER IRC SECTION 501(C)(3) CHARITIES.
ENGAGE IN COMBATING COMMUNITY DETERIORATION BY ASSISTING BUSINESSES IN GEOGRAPHIC AREAS OF MEXICO, CENTRAL AMERICA AND SOUTH AMERICA IN WHICH ECONOMY IS DEPRESSED.
ENGAGE IN ACTIVITIES THAT ALLEVIATE SUFFERING OF THE POOR DISTRESSED, AND UNDERPRIVILEDGED.
FINANCIAL AID PROGRAMS TO ENABLE QUALIFIED PARTICIPANTS TO ATTEND AND COMPLETE COURSES AND TRAINING AT INSTITUTIONS OF HIGHER LEARNING AND VOCATION TRAINING SCHOOLS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Henry D Marsh Ceo/chairman | 1 | $1,500 | |
Lauren M Clegg President | 1 | $1,500 | |
Henry A Marsh Vice President | 1 | $1,500 | |
Danielle M Schroeder Secretary | 1 | $1,500 | |
James M Marsh Treasurer | 1 | $1,500 | |
Rozanne H Marsh Director | 1 | $1,500 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $9,000 |
| Interest on Savings | $1,056 |
| Dividends & Interest | $7,083 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $54,485 |
| Total Revenue | $71,624 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $9,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $689 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $346 |
| Total operating and administrative expenses | $11,330 |
| Contributions, gifts, grants paid | $217,500 |
| Total expenses and disbursements | $228,830 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $141,911 |
| Savings and temporary cash investments | $255,602 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $454,461 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $853,612 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Never Better Foundation has awarded $62,500 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
PHILANTHROPIES PURPOSE: TO FURTHER EXEMPT PURPOSE OF ORGANIZATION | $50,000 |
PUNAHOU O-MEN PURPOSE: TO FURTHER EXEMPT PURPOSE OF ORGANIZATION | $10,000 |
TYPE OF WOOD CHARITIES PURPOSE: TO FURTHER EXEMPT PURPOSE OF ORGANIZATION | $2,500 |