Better U
- Assets
- $241.6k
- Revenue
- $1.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Los Angeles, CA
- Founding
- 05/2006
- Data as of
- 12/2022
- EIN
- 20-3752045
Organization Overview
Better U is located in Los Angeles, CA. The organization was established in 2006. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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 U 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 U generated $1.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (45.6%) each year. All expenses for the organization totaled $415.0 during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (53.2%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James Carrey President | 0 | $0 | |
James Carrey Chief Executive Officer | 0 | $0 | |
John Rigney Secretary | 0 | $0 | |
John Rigney Chief Financial Officer | 0 | $0 | |
John Rigney Treasurer | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $1,098 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,098 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $25 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $390 |
| Total operating and administrative expenses | $415 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $415 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $241,621 |
| 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 | $241,621 |
| 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 U has awarded $740,000 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
NAACP LEGAL DEFENSE AND EDUCATIONAL FUND INC PURPOSE: DONATION TO THE ORGANIZATION'S GENERAL FUND TO FURTHER ITS MISSION | $200,000 |
EQUAL JUSTICE INITIATIVE PURPOSE: DONATION TO THE ORGANIZATION'S GENERAL FUND TO FURTHER ITS MISSION | $200,000 |
BLACK GIRLS CODE PURPOSE: DONATION TO THE ORGANIZATION'S GENERAL FUND TO FURTHER ITS MISSION | $25,000 |
FOOD FINDERS - THE FARMLINK PROJECT PURPOSE: DONATION TO THE ORGANIZATION'S GENERAL FUND TO FURTHER ITS MISSION | $50,000 |
CALVARY CHAPEL SOUTH MAUI FOOD PANTRY PURPOSE: DONATION TO THE ORGANIZATION'S GENERAL FUND TO FURTHER ITS MISSION | $10,000 |
FEED MY SHEEP INC PURPOSE: DONATION TO THE ORGANIZATION'S GENERAL FUND TO FURTHER ITS MISSION | $20,000 |