Better Way Foundation Ltd
- Assets
- $988.7k
- Revenue
- $27.4k
- Investments
- $963.9k
- Employees
- 0
- Location
- Connersville, IN
- Founding
- 02/2019
- Data as of
- 12/2023
- 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 12/2023, Better Way Foundation Ltd generated $27.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (43.3%) each year. All expenses for the organization totaled $57.1k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Better Way Foundation Ltd has awarded 49 individual grants totaling $145,214. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
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 FORT WAYNE PHILHARMONIC TO FURTHER THE MISSION OF BRINGING GREAT MUSIC TO THE FORT WAYNE INDIANA AREA.
A GRANT WAS GIVEN TO THE FAYETTE COUNTY COMMUNITY FOUNDATION OF CONNERSVILLE INDIANA TO PROVIDE SCHOLARSHIPS AND OTHER COMMUNITY ASSISTANTS TO THAT AREA.
A GRANT WAS GIVEN TO THE FORT WAYNE ZOO OF FORT WAYNE INDIANA TO ASSIST THAT ORGANIZATION EDUCATE THE ALLEN COUNTY AREA ABOUT EXOTIC AND ENDANDERED SPECIES ON OUR PLANET.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeremy P Eldridge Trustee | 0 | $0 | |
Gerald M Eldridge Trustee | 0 | $0 | |
Tabitha Lewis Trustee | 0 | $0 | |
Lisa R Eldridge Assistant Di | 0 | $0 | |
Ralph N Eldridge Executive Di | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $2,181 |
| Dividends & Interest | $20,308 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $4,911 |
| Capital Gain Net Income | $4,911 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $27,400 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,764 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $105 |
| Total operating and administrative expenses | $5,220 |
| Contributions, gifts, grants paid | $51,895 |
| Total expenses and disbursements | $57,115 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $24,797 |
| 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 | $988,715 |
| 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 $42,528 in support to 13 organizations.
| Grant Recipient | Amount |
|---|---|
FORT WAYNE CHILDREN'S ZOO PURPOSE: GRANT | $2,000 |
FORT WAYNE PHILHARMONIC PURPOSE: GRANT | $4,000 |
HOPE CENTER PURPOSE: GRANT | $500 |
HUMANE FORT WAYNE PURPOSE: GRANT | $2,000 |
NORTH CHURCH OF CHRIST PURPOSE: GRANT | $21,998 |
SHELTERING WINGS CENTER FOR WOMEN PURPOSE: GRANT | $2,000 |