Better Our World Family Foundation Inc
- Assets
- $6.8m
- Revenue
- $642.7k
- Investments
- $6.6m
- Employees
- 0
- Location
- Atlantic City, NJ
- Founding
- Data as of
- 12/2023
- EIN
- 85-3724134
Organization Overview
Better Our World Family Foundation Inc is located in Atlantic City, NJ. 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 Our World Family Foundation Inc 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 Our World Family Foundation Inc generated $642.7k 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 (46.9%) each year.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
AMERICAN CANCER SOCIETY
ANIMAL ALLIANCE
MARINE MAMMAL STRANDING CENTER
TABBYS PLACE
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Timothy J Wilmott Trustee | 0 | $0 | |
Anastasia T Barna MD Trustee | 0 | $0 | |
Robert E Salad ESQ Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $175,357 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $467,329 |
| Capital Gain Net Income | $467,329 |
| Net ST Capital Gain | $65,798 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $642,686 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $3,700 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $23,858 |
| Contributions, gifts, grants paid | $560,000 |
| Total expenses and disbursements | $583,858 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $235,106 |
| 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 | $1 |
| Total assets | $6,815,868 |
| 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 Our World Family Foundation Inc has awarded $560,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN CANCER SOCIETY PURPOSE: CHARITABLE PURPOSES | $450,000 |
MISCELLANEOUS 501 C 3 ORGANIZATIONS PURPOSE: CHARITABLE PURPOSES | $110,000 |