Betterworld Trust
- Assets
- $352.7k
- Revenue
- $567.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Fallbrook, CA
- Founding
- 11/2008
- Data as of
- 12/2022
- EIN
- 26-1160600
Organization Overview
Betterworld Trust is located in Fallbrook, CA. The organization was established in 2008. According to its NTEE Classification (Q32) the organization is classified as: International Economic Development, under the broad grouping of International, Foreign Affairs & National Security and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Betterworld Trust 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 12/2022, Betterworld Trust generated $567.0k in total revenue. All expenses for the organization totaled $225.5k during the year ending 12/2022. While expenses have increased by 64.2% per year over the past 8 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.
Since 2016, Betterworld Trust has awarded 106 individual grants totaling $1,656,622. 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.
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $550,000 |
| Interest on Savings | $16,959 |
| Dividends & Interest | $0 |
| 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 | $0 |
| Total Revenue | $566,959 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,035 |
| Total operating and administrative expenses | $1,035 |
| Contributions, gifts, grants paid | $224,500 |
| Total expenses and disbursements | $225,535 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $352,684 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $352,684 |
| 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, Betterworld Trust has awarded $224,500 in support to 16 organizations.
| Grant Recipient | Amount |
|---|---|
FALLBROOK ART CENTER PURPOSE: ART EDUCATION AND INTERPRETIVE PROGRAMS | $10,000 |
FALLBROOK FOOD PANTRY PURPOSE: GRANT FOR NUTRITIONAL KITCHEN | $10,000 |
LAST MILE HEALTH PURPOSE: IMPROVING ACCESS TO HEALTHCARE IN REMOTE COMMUNITIES IN LIBERIA | $100,000 |
PLANT WITH PURPOSE PURPOSE: FIGHTING GLOBAL POVERTY & ENVIRONMENTAL DAMAGE | $10,000 |
FOUNDATION FOR SENIOR CARE PURPOSE: OFFERS SERVICES & RESOURCES TO SENIORS TO LIVE INDEPENDENTLY | $10,000 |
FALLBROOK VILLAGE ASSOCIATION PURPOSE: REVITALIZE FALLBROOK ECONOMICALLY, CULTURALLY, AND PHYSICALLY | $1,000 |