Fund For A Better Future Inc
- Assets
- $25.1m
- Revenue
- $41.7m
- Investments
- $3.9m
- Employees
- 43
- Location
- Sacramento, CA
- Founding
- 02/2017
- Data as of
- 12/2023
- 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 12/2023, Fund For A Better Future Inc employed 43 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 12/2023, Fund For A Better Future Inc generated $41.7m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 58.9% each year . All expenses for the organization totaled $41.4m during the year ending 12/2023. While expenses have increased by 64.2% per year over the past 7 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 86 individual grants totaling $130,286,760. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
SEE PART III, LINE 1.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DURING 2023, 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 ADDRESSING DISPARITIES IN PUBLIC HEALTH, INCLUDING REPRODUCTIVE RIGHTS. AS A FISCAL SPONSOR, FBF PROVIDED ADMINISTRATIVE (HUMAN RESOURCES, LEGAL, FINANCIAL, TECHNOLOGY) SERVICES TO CLIMATE POWER, AN ORGANIZATION WORKING TO EMPOWER U.S. LEADERS TO TAKE BOLD, URGENT ACTION TO COMBAT THE CLIMATE CRISIS, AND A CAMPAIGN TO STOP THE EXPANSION OF THE PETROCHEMICAL INDUSTRY IN THE UNITED STATES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Avi Garbow See Sch O Director And President | OfficerTrustee | 2 | $68,525 |
Jason Burnett Director And Chair | OfficerTrustee | 1 | $0 |
Christopher J Elliman Director | Trustee | 1 | $0 |
Martha Kongsgaard Director | Trustee | 1 | $0 |
Preston Pinkett III Director | Trustee | 1 | $0 |
Melissa Roy Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Stagwell Media Lp Consulting Services | 12/30/23 | $1,198,017 |
Bully Pulpit Interactive Llc Consulting Services | 12/30/23 | $384,000 |
Yang Strategic Research Llc Consulting Services | 12/30/23 | $324,083 |
Technicolor Political Llc Consulting Services | 12/30/23 | $169,718 |
The Farley Folsom Group Fundraising Consulting Services | 12/30/23 | $130,625 |
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 | $41,617,418 |
| Noncash contributions included in lines 1a–1f | $1,048,064 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $41,617,418 |
| Total Program Service Revenue | $3,712 |
| Investment income | $106,309 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$9,230 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $41,718,209 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $36,010,000 |
| 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. | $107,771 |
| Compensation of current officers, directors, key employees. | $73,551 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $768,851 |
| Pension plan accruals and contributions | $35,864 |
| Other employee benefits | $159,263 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $153,507 |
| Fees for services: Accounting | $18,796 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $130,625 |
| Fees for services: Investment Management | $124 |
| Fees for services: Other | $3,443,228 |
| Advertising and promotion | $0 |
| Office expenses | $15,784 |
| Information technology | $132,543 |
| Royalties | $0 |
| Occupancy | $17,921 |
| Travel | $24,356 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $67,064 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,012 |
| Insurance | $16,061 |
| All other expenses | $3,994 |
| Total functional expenses | $41,402,425 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,576,403 |
| Savings and temporary cash investments | $18,616,431 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,332 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $3,901,000 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $25,095,166 |
| Accounts payable and accrued expenses | $504,330 |
| Grants payable | $4,850,000 |
| 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 | $387 |
| Total liabilities | $5,354,717 |
| Net assets without donor restrictions | $1,891,525 |
| Net assets with donor restrictions | $17,848,924 |
| 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 | $25,095,166 |
Grants Awarded
Over the last fiscal year, Fund For A Better Future Inc has awarded $36,010,000 in support to 13 organizations.
| Grant Recipient | Amount |
|---|---|
CLIMATE POWER PURPOSE: FISCAL SPONSORSHIP SPINOFF | $21,300,000 |
PRIORITIES USA PURPOSE: SUPPORT FOR SOCIAL WELFARE ACTIVITIES | $8,000,000 |
US MEGAFIRE RESPONSE ACTION FUND PURPOSE: CLIMATE AND ENVIRONMENTAL ADVOCACY | $2,000,000 |
NEVADA ALLIANCE PURPOSE: SUPPORT FOR SOCIAL WELFARE ACTIVITIES | $2,000,000 |
INDIVISIBLE PROJECT PURPOSE: CIVIL RIGHTS AND CIVIC ENGAGEMENT | $1,000,000 |
BBT INC DBA BUILDING BACK TOGETHER PURPOSE: CLIMATE AND ENVIRONMENTAL ADVOCACY | $760,000 |