Better Than I Found It
- Assets
- $3.3m
- Revenue
- $196.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Brentwood, TN
- Founding
- 03/2019
- Data as of
- 12/2022
- EIN
- 83-0579789
Organization Overview
Better Than I Found It is located in Brentwood, TN. The organization was established in 2019. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Better Than I Found It 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 Than I Found It generated $196.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (9.9%) each year. All expenses for the organization totaled $217.1k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (6.5%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF BETTER THAN I FOUND IT IS TO PROVIDE SUPPORT TO ORGANIZATIONS WORKING TO IMPROVE THE LIVES OF OTHERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUPPORT FOR PEOPLE LOVING NASHVILLE AND OTHER NONPROFIT ORGANIZATIONS
SUPPORT FOR ORGANIZATIONS WORKING TO IMPROVE THE LIVES OF OTHERS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rueben Burgos Secretary | OfficerTrustee | 1 | $0 |
Danny Gokey President | Officer | 1 | $0 |
Daniel Gokey President | OfficerTrustee | 1 | $0 |
Ruben E Burgos Jr Secretary | OfficerTrustee | 1 | $0 |
Penny Railey Treasurer | OfficerTrustee | 4 | $0 |
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 | $131,916 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $131,916 |
| Total Program Service Revenue | $0 |
| Investment income | $64,525 |
| 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 | $196,441 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $102,000 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $28,588 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $8,395 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $18,000 |
| Advertising and promotion | $0 |
| Office expenses | $4,093 |
| Information technology | $1,299 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $1,139 |
| 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 | $42,583 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $217,127 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $18,162 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $120,559 |
| 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 | $0 |
| Net Land, buildings, and equipment | $1,068,716 |
| Investments—publicly traded securities | $2,093,186 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,300,623 |
| Accounts payable and accrued expenses | $9,040 |
| Grants payable | $0 |
| 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 | $9,040 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| 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 | $3,291,583 |
| Total liabilities and net assets/fund balances | $3,300,623 |
Grants Awarded
Over the last fiscal year, Better Than I Found It has awarded $0 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
REFUGE COFFEE INC | | | $0 |
NEW YORK CITY RELIEF INC | | | $0 |
IMPACT FOUNDATION | | | $0 |
HOPE FOR PRISONERS | | | $0 |