Better World Fund
- Assets
- $7.5m
- Revenue
- $4.2m
- Investments
- $0.0
- Employees
- 9
- Location
- Washington, DC
- Founding
- 01/2011
- Data as of
- 12/2022
- 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 12/2022, 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 12/2022, Better World Fund generated $4.2m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (5.9%) each year. All expenses for the organization totaled $4.6m during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (7.0%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Better World Fund has awarded 27 individual grants totaling $1,195,352. 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
2022
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 PUBLIC-PRIVATE PARTNERSHIPS TO ADDRESS THE WORLD'S MOST PRESSING PROBLEMS, AND IT WORKS TO BROADEN SUPPORT FOR THE UNITED NATIONS THROUGH ADVOCACY AND PUBLIC OUTREACH. THE BETTER WORLD FUND ALSO PROVIDES GRANTS FOR UNITED NATIONS-RELATED PROGRAMS AND INITIATIVES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Elizabeth Cousens President & CEO | OfficerTrustee | 6 | $67,762 |
Peter Yeo President Of Bwf & Sr. Vp, Unf | 40 | $310,989 | |
Andrew Axelrod Thru 922 Chief Operating Officer | Officer | 6 | $41,483 |
George Hannum Exec Dir Bwf, Sr Dir Us-Un Rel | 40 | $170,480 | |
Michael Beard Executive Director | 40 | $174,478 | |
Brian Massa Director, Global Health Adv. | 40 | $105,409 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Kyle House Group Llc Consultant Fees | 12/30/22 | $394,249 |
Mark L Goldberg Llc Consultant Fees | 12/30/22 | $173,989 |
Bgr Government Affairs Llc Consultant Fees | 12/30/22 | $121,030 |
Morning Consult Llc Consultant Fees | 12/30/22 | $110,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $204,943 |
| Fundraising events | $0 |
| Related organizations | $3,102,565 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $623,372 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,930,880 |
| Total Program Service Revenue | $0 |
| Investment income | $235,424 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $35,233 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,201,537 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $42,500 |
| 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. | $138,514 |
| Compensation of current officers, directors, key employees. | $12,202 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,830,416 |
| Pension plan accruals and contributions | $98,321 |
| Other employee benefits | $613,769 |
| Payroll taxes | $133,030 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,546 |
| Fees for services: Lobbying | $7,750 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,128,620 |
| Advertising and promotion | $0 |
| Office expenses | $25,540 |
| Information technology | $45,478 |
| Royalties | $0 |
| Occupancy | $2,210 |
| Travel | $65,611 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $177,010 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $4,644,859 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $4,500,924 |
| 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 | $10,201 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $2,992,575 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $7,503,700 |
| Accounts payable and accrued expenses | $247,112 |
| 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 | $4,932,080 |
| Total liabilities | $5,185,022 |
| Net assets without donor restrictions | -$572,629 |
| Net assets with donor restrictions | $2,891,307 |
| 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 | $7,503,700 |
Grants Awarded
Over the last fiscal year, Better World Fund has awarded $42,500 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
CENTER FOR US GLOBAL LEADERSHIP PURPOSE: UN STRNGTHN | $12,500 |
US GLOBAL LEADERSHIP CAMPAIGN PURPOSE: UN STRNGTHN | $30,000 |