Better Way Foundation Ltd
- Assets
- $862.1k
- Revenue
- $95.3k
- Investments
- $836.8k
- Employees
- 0
- Location
- Connersville, IN
- Founding
- 02/2019
- Data as of
- 12/2021
- EIN
- 83-2287669
Organization Overview
Better Way Foundation Ltd is located in Connersville, IN. The organization was established in 2019. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Better Way Foundation Ltd 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 Way Foundation Ltd generated $95.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (41.6%) each year. All expenses for the organization totaled $49.3k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRANTS WERE GIVEN TO THE NORTH CHURCH OF CHRIST TO ASSIST IN ITS MISSION TO TEACH THE GOSPEL.
A BENEVOLENT GRANT WAS GIVEN TO BOB BUCHANON FOR MEDICAL EXPENSES.
A GRANT WAS GIVEN TO THE CONNERSVILLE CHURCH OF CHRIST TO FURTHER IT'S MISSION TO SPREAD THE GOSPEL OF JESUS CHRIST.
A GRANT WAS GIVEN TO THE HELPING HANDS FOUNDATION TO FURTHER ITS MISSION TO THE POOR.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tabitha Lewis Trustee | 0 | $0 | |
Ralph N Eldridge Executive Di | 0 | $0 | |
Lisa R Eldridge Assistant Di | 0 | $0 | |
Gerald M Eldridge Trustee | 0 | $0 | |
Jeremy P Eldridge Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $524 |
| Dividends & Interest | $14,332 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $80,424 |
| Capital Gain Net Income | $80,424 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $95,280 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $332 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $36 |
| Total operating and administrative expenses | $2,107 |
| Contributions, gifts, grants paid | $47,226 |
| Total expenses and disbursements | $49,333 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $25,345 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $862,096 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Better Way Foundation Ltd has awarded $47,226 in support to 15 organizations.
| Grant Recipient | Amount |
|---|---|
NORTH CHURCH OF CHRIST PURPOSE: GRANT | $15,600 |
BOB BUCHANNON PURPOSE: BENEVOLENT GRANT | $10,000 |
CONNERSVILLE CHURCH OF CHRIST PURPOSE: GRANT DONATION | $4,000 |
ASSISTING HANDS FOUNDATION PURPOSE: GRANT | $3,026 |
Danville, IN PURPOSE: GRANT | $3,000 |
RYAN JOY PURPOSE: BENEVOLENT GIFT | $2,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Genyouth Inc Rosemont, IL | $9,087,915 | $10,980,091 |
Anheuser-Busch Foundation Clayton, MO | $1,201,059 | $8,412,886 |
Carson-Myre Charitable Foundation Paducah, KY | $72,587,857 | $8,781,396 |
Sondheimer Family Charitable Foundation Wilmette, IL | $0 | $30,820 |
John Joseph Sigstein Foundation Inc Huntington, IN | $0 | $2,327,854 |
Illinois Tool Works Foundation Glenview, IL | $328,623 | $8,500,000 |
Willow Springs Charitable Tr Mt Carroll, IL | $100,115,931 | $21,339,853 |
Hamill Family Foundation Chicago, IL | $55,305,054 | $6,054,241 |
Steward Family Foundation St Louis, MO | $23,736 | $8,567,873 |
We Energies Foundation Inc Milwaukee, WI | $74,423,525 | $6,027,785 |
Grand Victoria Foundation Chicago, IL | $167,134,023 | $22,046,260 |
Hermann Family Foundation St Louis, MO | $60,142,710 | $16,411,582 |