Fund For A Better Future Inc
- Assets
- $12.5m
- Revenue
- $69.1m
- Investments
- $2.8m
- Employees
- 66
- Location
- Sacramento, CA
- Founding
- 02/2017
- Data as of
- 12/2021
- EIN
- 81-2319758
Organization Overview
Fund For A Better Future Inc is located in Sacramento, CA. The organization was established in 2017. According to its NTEE Classification (S80) the organization is classified as: Community Service Clubs, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, Fund For A Better Future Inc employed 66 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fund For A Better Future Inc is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 12/2021, Fund For A Better Future Inc generated $69.1m in total revenue. All expenses for the organization totaled $61.9m during the year ending 12/2021. While expenses have increased by 90.7% per year over the past 6 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, Fund For A Better Future Inc has awarded 52 individual grants totaling $68,430,160. 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
FUND FOR A BETTER FUTURE INC. (FBF) IS DEDICATED TO PROMOTING THE COMMON GOOD BY PROTECTING THE ENVIRONMENT, UPHOLDING DEMOCRATIC VALUES, ADDRESSING DISPARITIES IN PUBLIC HEALTH, AND ADVANCING SOCIAL EQUITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DURING 2021, THE FUND FOR A BETTER FUTURE INC. (FBF) PROVIDED GRANTS TO ORGANIZATIONS ADVANCING SOLUTIONS TO THE CLIMATE CRISIS; PROTECTING VOTER RIGHTS; PRESERVING FUNDAMENTAL ENVIRONMENTAL LAWS; AND ADVANCING EQUITABLE PUBLIC HEALTH, INCLUDING REPRODUCTIVE RIGHTS. AS A FISCAL SPONSOR, FBF CONTINUED TO PROVIDE ADMINISTRATIVE (HUMAN RESOURCES, LEGAL, FINANCIAL, TECHNOLOGY) SERVICES TO CLIMATE POWER, AN ORGANIZATION WORKING TO EMPOWER U.S. POLITICAL LEADERS TO TAKE BOLD, URGENT ACTION TO COMBAT THE CLIMATE CRISIS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael A Mantell Director, President | OfficerTrustee | 2 | $24,292 |
Rosina Bugarin Treasurer, CFO | Officer | 4 | $17,591 |
Helena Choi Secretary, VP | Officer | 1 | $3,637 |
Jason Burnett Director, Chair | OfficerTrustee | 1 | $0 |
Christopher J Elliman Director | Trustee | 1 | $0 |
Martha Kongsgaard Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Stagwell Media Lp Dba Skdknickerbocker Consulting | 12/30/21 | $14,536,204 |
Bully Pulpit Interactive Llc Consulting | 12/30/21 | $7,055,593 |
The Markham Group Llc Consulting | 12/30/21 | $670,200 |
Yang Strategic Research Llc Consulting | 12/30/21 | $245,250 |
Anne Lewis Strategies Llc Consulting | 12/30/21 | $658,101 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $68,441,746 |
| Noncash contributions included in lines 1a–1f | $8,516,725 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $68,441,746 |
| Total Program Service Revenue | $653,891 |
| Investment income | $1,581 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $21,204 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $69,118,422 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $34,244,260 |
| 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. | $45,520 |
| Compensation of current officers, directors, key employees. | $31,988 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,328,363 |
| Pension plan accruals and contributions | $72,624 |
| Other employee benefits | $325,153 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $272,160 |
| Fees for services: Accounting | $18,200 |
| Fees for services: Lobbying | $567,568 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $598 |
| Fees for services: Other | $24,668,031 |
| Advertising and promotion | $0 |
| Office expenses | $11,046 |
| Information technology | $163,032 |
| Royalties | $0 |
| Occupancy | $153,490 |
| Travel | $5,172 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $9,069 |
| All other expenses | $0 |
| Total functional expenses | $61,884,286 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $270,744 |
| Savings and temporary cash investments | $9,345,529 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $700 |
| 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 | $12,062 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $2,823,000 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $12,452,035 |
| Accounts payable and accrued expenses | $462,130 |
| Grants payable | $1,106,616 |
| Deferred revenue | $0 |
| 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 | $0 |
| Total liabilities | $1,568,746 |
| Net assets without donor restrictions | $1,135,070 |
| Net assets with donor restrictions | $9,748,219 |
| 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 | $12,452,035 |
Grants Awarded
Over the last fiscal year, Fund For A Better Future Inc has awarded $34,244,260 in support to 17 organizations.
| Grant Recipient | Amount |
|---|---|
Washington, DC PURPOSE: GENERAL SUPPORT | $10,675,000 |
Washington, DC PURPOSE: GENERAL SUPPORT | $10,000,000 |
Atlanta, GA PURPOSE: GENERAL SUPPORT | $4,900,000 |
Washington, DC PURPOSE: GENERAL SUPPORT | $2,980,000 |
Washington, DC PURPOSE: SOCIAL WELFARE | $2,000,000 |
Washington, DC PURPOSE: CLIMATE ACTION CAMPAIGN | $1,119,260 |
Grants Recieved
Over the last fiscal year, we have identified 9 grants that Fund For A Better Future Inc has recieved totaling $22,538,021.
| Awarding Organization | Amount |
|---|---|
Breakthrough Energy Action Inc Kirkland, WA PURPOSE: Federal Clean Energy Investments | $11,000,000 |
Heising-Simons Action Fund Los Altos, CA PURPOSE: FOR CLIMATE POWER | $2,800,000 |
Neo Philanthropy Action Fund Inc New York, NY PURPOSE: Program Grant | $2,000,000 |
Sixteen Thirty Fund Washington, DC PURPOSE: ENVIRONMENTAL PROGRAMS | $1,600,000 |
Sandler Foundation San Francisco, CA PURPOSE: GENERAL SUPPORT FOR SOCIAL WELFARE ACTIVITIES | $1,500,000 |
Center For American Progress Action Fund Washington, DC PURPOSE: EDUCATIONAL | $1,388,021 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Fund For A Better Future Inc Sacramento, CA | $12,452,035 | $69,118,422 |
Municipal Improvement Corporation Of Los Angeles Los Angeles, CA | $2,097,815,264 | $70,901,113 |
Benson House Inc Ontario, CA | $11,925,572 | $18,491,625 |
Community Services Agency Reno, NV | $7,843,023 | $11,495,915 |
Fresno Building Healthy Communities Fresno, CA | $7,681,991 | $11,111,006 |
Korean Immigrant Workers Advocates Of Southern California Los Angeles, CA | $4,731,702 | $8,492,805 |
Native Americans For Community Action Inc Flagstaff, AZ | $13,508,728 | $5,982,716 |
Goleta Valley Professional Buildings Inc Santa Barbara, CA | $89,343,424 | $8,414,379 |
Foothill Ranch Maintenance Corporation Irvine, CA | $3,077,161 | $4,440,100 |
Pilipino Workers Center Of Southern Los Angeles, CA | $1,734,132 | $5,015,376 |
Southwest District Kiwanis Foundation Carefree, AZ | $3,902,018 | $3,838,305 |
Benevolent & Protective Order Of Elks Of The Usa Honolulu, HI | $18,759,259 | $3,966,966 |