Better World Fund
- Assets
- $7.0m
- Revenue
- $3.9m
- Investments
- $0.0
- Employees
- 9
- Location
- Washington, DC
- Founding
- 01/2011
- Data as of
- 12/2021
- EIN
- 58-2366765
Organization Overview
Better World Fund is located in Washington, DC. The organization was established in 2011. According to its NTEE Classification (Q12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of International, Foreign Affairs & National Security and related organizations. As of 12/2021, Better World Fund employed 9 individuals. This organization is a parent organization of an affiliated group for tax-exemption purposes. Better World Fund 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 12/2021, Better World Fund generated $3.9m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (7.7%) each year. All expenses for the organization totaled $4.5m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (8.4%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Better World Fund has awarded 21 individual grants totaling $949,938. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O
Describe the Organization's Program Activity:
Part 3 - Line 4a
ADVOCACY: THE BETTER WORLD FUND HAS WORKED TO EDUCATE THE PUBLIC ABOUT THE ROLE AND VALUE OF THE UNITED NATIONS (UN) IN AN INTERDEPENDENT WORLD. IN THESE EFFORTS, WE ENDEAVOR TO ENCOURAGE A COOPERATIVE RELATIONSHIP BETWEEN THE UNITED NATIONS AND U.S. GOVERNMENT. THESE EFFORTS PROMOTE PAYMENT OF U.S. DUES TO THE UNITED NATIONS ON TIME, IN FULL AND WITHOUT CONDITIONS.
UNITED NATIONS STRENGTHENING: THE BETTER WORLD FUND SUPPORTS THE UNITED NATIONS AND UNITED NATIONS CAUSES THROUGH PROVIDING GRANTS TO UNITED-NATIONS-RELATED PROGRAMS AND INITIATIVES, BUILDING PUBLIC-PRIVATE PARTNERSHIPS TO ADDRESS THE WORLD'S MOST PRESSING PROBLEMS, AND ENGAGING IN ADVOCACY AND PUBLIC OUTREACH TO BROADEN SUPPORT FOR THE UNITED NATIONS.
CLIMATE, ENERGY, & THE ENVIRONMENT: THE BETTER WORLD FUND'S CLIMATE, ENERGY, & THE ENVIRONMENT PROGRAM WORKS WITH THE UNITED NATIONS TO HELP LEAD THE WORLD'S TRANSITION TOWARD A ZERO CARBON ECONOMY. IT SERVES AS A NONPARTISAN FORUM, AND CONVENES COALITIONS OF LEADING THINKERS AND ACTORS TO SEIZE OPPORTUNITIES AND ADDRESS CHALLENGES POSED BY THIS TRANSFORMATION.
WOMEN & POPULATION AND CHILDREN'S HEALTH
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Peter Yeo President Of Bwf & Sr. Vp, Unf | 40 | $327,844 | |
Michael Beard Executive Director | 40 | $173,436 | |
George Hannum Exec Dir Bwf, Sr Dir Us-Un Rel | 40 | $170,376 | |
Micah Spangler Director, Adv. & Hum. Affairs | 40 | $123,160 | |
Chandrima Das Sr Dir., Peace &sec. Policy | 40 | $120,059 | |
Elizabeth Cousens President & CEO | OfficerTrustee | 6 | $63,661 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Mark L Goldberg Llc Consulting Services | 12/30/21 | $144,000 |
Kyle House Group Consulting Services | 12/30/21 | $162,271 |
Bgr Government Affairs Consulting Services | 12/30/21 | $120,892 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $211,855 |
| Fundraising events | $0 |
| Related organizations | $3,052,551 |
| Government grants | $1,750 |
| All other contributions, gifts, grants, and similar amounts not included above | $363,664 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,629,820 |
| Total Program Service Revenue | $40,050 |
| Investment income | $255,149 |
| 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 | $3,925,019 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $50,000 |
| 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. | $176,622 |
| Compensation of current officers, directors, key employees. | $16,573 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,970,188 |
| Pension plan accruals and contributions | $83,004 |
| Other employee benefits | $728,691 |
| Payroll taxes | $151,376 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,490 |
| Fees for services: Accounting | $14,501 |
| Fees for services: Lobbying | $151,488 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,043,263 |
| Advertising and promotion | $0 |
| Office expenses | $36,528 |
| Information technology | $46,519 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $13,248 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $8,454 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $12,983 |
| Total functional expenses | $4,488,355 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,889,797 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $54,741 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $4,048,727 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $6,993,265 |
| Accounts payable and accrued expenses | $133,488 |
| Grants payable | $0 |
| Deferred revenue | $5,830 |
| 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 | $3,123,470 |
| Total liabilities | $3,262,788 |
| Net assets without donor restrictions | $772,333 |
| Net assets with donor restrictions | $2,958,144 |
| 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 | $6,993,265 |
Grants Awarded
Over the last fiscal year, Better World Fund has awarded $50,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Washington, DC PURPOSE: ADVOCACY | $25,000 |
OFFICE OF SECRETARY-GENERAL ENVOY ON TECHNOLOGY PURPOSE: ADVOCACY | $25,000 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Better World Fund has recieved totaling $3,058,255.
| Awarding Organization | Amount |
|---|---|
United Nations Foundation Inc Washington, DC PURPOSE: UN STRNGTHNG | $3,052,551 |
Winston-Salem Foundation Winstonsalem, NC PURPOSE: 4 GRANT(S) FOR VARYING PURPOSES | $5,704 |
Endowment Analysis
| Beg. Balance | $2,575,000 |
| Earnings | $356,537 |
| Other Expense | $356,537 |
| Ending Balance | $2,575,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Eurasia Foundation Inc Washington, DC | $7,282,681 | $16,957,437 |
Endowment Of The United States Institute Of Peace Incorporated Washington, DC | $76,020,223 | $4,830,011 |
Better World Fund Washington, DC | $6,993,265 | $3,925,019 |
Fonkoze Usa Inc Washington, DC | $5,674,666 | $3,229,586 |
Southeast Asia Resource Action Center Searac Washington, DC | $2,792,698 | $2,598,201 |
American Friends Of Lubavitch Washington, DC | $4,680,162 | $1,513,185 |
Fair Girls Inc Washington, DC | $807,050 | $978,187 |
Hands Along The Nile Development Services Inc Alexandria, VA | $806,843 | $901,029 |
Funders Concerned About Aids Inc Washington, DC | $1,156,851 | $799,222 |
The Brenn Foundation Washington, DC | $13,504,640 | $879,608 |
Lambi Fund Of Haiti Washington, DC | $530,120 | $566,800 |
Children Of Zion Of Maryland Inc Bel Air, MD | $210,912 | $488,357 |