Better Way Foundation
- Assets
- $67.6m
- Revenue
- $11.5m
- Investments
- $62.9m
- Employees
- 0
- Location
- Minneapolis, MN
- Founding
- 12/1988
- Data as of
- 12/2021
- EIN
- 36-3608625
Organization Overview
Better Way Foundation is located in Minneapolis, MN. The organization was established in 1988. 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. Better Way 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 2019, Better Way Foundation has awarded 153 individual grants totaling $9,487,471. 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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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Patrice Kunesh Secretary/director | 1 | $0 | |
Pete Mahoney Treasurer/director | 1 | $0 | |
Gia Rauenhorst President/chair | 1 | $0 | |
Kristen Grubb Tax Officer | 1 | $0 | |
Andreas Hipple Vice President | 1 | $0 | |
Judy Rauenhorst Doerr Director | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Ghr Foundation | 12/30/21 | $452,756 |
First Light Education Project | 12/30/21 | $50,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $23,292 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $8,480,646 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $11,449,544 |
| Total Revenue | $11,472,836 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $58,926 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $1,120 |
| Printing and publications | $0 |
| Other expenses | $46,197 |
| Total operating and administrative expenses | $648,622 |
| Contributions, gifts, grants paid | $956,729 |
| Total expenses and disbursements | $1,605,351 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $300 |
| Savings and temporary cash investments | $2,973,131 |
| Net Accounts receivable | $12,083 |
| 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 | $62,904,075 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $1,750,000 |
| Total assets | $67,639,589 |
| Accounts payable and accrued expenses | $145,166 |
| Grants payable | $1,442,981 |
| 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 | $1,588,147 |
Grants Awarded
Over the last fiscal year, Better Way Foundation has awarded $2,486,010 in support to 43 organizations.
| Grant Recipient | Amount |
|---|---|
Notre Dame, IN PURPOSE: AMERICAN INDIAN CATHOLIC SCHOOLS NETWORK (AICSN) SUPPORT 2020-2024 | $182,000 |
Notre Dame, IN PURPOSE: AMERICAN INDIAN CATHOLIC SCHOOLS NETWORK (AICSN) SUPPORT 2020-2024 | $176,000 |
AMANI GIRLS HOME PURPOSE: MAPEMA EDUCATION SCHEME - MES | $150,000 |
TANZANIA HOME ECONOMICS ASSOCIATION PURPOSE: EXPANDING ECD SERVICES THROUGH COMMUNITY-BASED ORGANIZATIONS | $150,000 |
AMANI GIRLS HOME PURPOSE: MAPEMA EDUCATION SCHEME - MES | $150,000 |
Minneapolis, MN PURPOSE: TRAUMA-INFORMED PROFESSIONAL DEVELOPMENT & TRAINING | $134,475 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Charles K Blandin Foundation Grand Rapids, MN | $0 | $24,073,238 |
Reiman Foundation Inc Pewaukee, WI | $64,480,239 | $12,529,672 |
American Family Insurance Dreams Foundation Inc Madison, WI | $10,733,127 | $6,580,229 |
Joseph And Vera Zilber Charitable Foundation Inc Milwaukee, WI | $301,880,639 | $24,555,392 |
Argosy Foundation Milwaukee, WI | $36,932,110 | $41,277,914 |
Cargill Foundation Minneapolis, MN | $286,172,868 | $105,535,102 |
Schoeneckers Foundation Minneapolis, MN | $145,295,949 | $7,540,866 |
The Curtis L Carlson Family Foundation Minnetonka, MN | $300,826,673 | $21,132,663 |
Principal Financial Group Foundation Inc Des Moines, IA | $217,742,870 | $19,396,180 |
Herbert H Kohl Charities Inc Milwaukee, WI | $19,332,679 | $4,430,173 |
Andreas Foundation Mankato, MN | $70,794,995 | $28,410,107 |
Frechette Family Foundation Minneapolis, MN | $167,055,978 | $9,430,765 |