Better World Fund
- Assets
- $154.2k
- Revenue
- $89.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Palo Alto, CA
- Founding
- 01/2011
- Data as of
- 12/2021
- EIN
- 23-7181511
Organization Overview
Better World Fund is located in Palo Alto, CA. The organization was established in 2011. According to its NTEE Classification (Q42) the organization is classified as: United Nations Associations, under the broad grouping of International, Foreign Affairs & National Security and related organizations. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Better World Fund 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 World Fund generated $89.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (11.6%) each year. All expenses for the organization totaled $64.7k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (15.4%) per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
COMMUNITY EDUCATION AND PROMOTION OF PEACE AND JUSTICE IN SUPPORT OF THE UNITED NATIONS
Describe the Organization's Program Activity:
Part 3 - Line 4a
PUBLIC EDUCATION EVENTS AND PROGRAMS REGARDING THE UNITED NATIONS: SPONSOR SPEECHES, LECTURES AND PANELS BY GLOBAL EXPERTS; MEET WITH PEOPLE OF ALL AGES TO FURTHER THE PURPOSES OF THE UNITED NATIONS;ASSIST IN THE UNITED NATIONS ASSOCIATION FILM FESTIVAL;SUPPORT THE UNA GIFT SHOP THAT HAS ENCOURAGED PUBLIC CURIOSITY ABOUT THE WORLD WITH FAIR TRADE ITEMS AND HANDCRAFTS FOR OVER 40 YEARS IN DOWNTOWN PALO ALTO
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Laarni Von Ruden Secretary/treas | OfficerTrustee | 2 | $0 |
Xavier Webb President | OfficerTrustee | 4 | $0 |
Nimreet Grewal Young Professnl | Trustee | 1 | $0 |
Shelly Kosak Advocacy | Trustee | 2 | $0 |
Helen Young Past President | Trustee | 1 | $0 |
Sala Mcguire Director | Trustee | 1 | $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 | $300 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $300 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| 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 | $88,735 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $89,035 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $8,000 |
| 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 | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $2,800 |
| Office expenses | $831 |
| Information technology | $937 |
| Royalties | $0 |
| Occupancy | $50,799 |
| Travel | $0 |
| 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 | $0 |
| Insurance | $1,095 |
| All other expenses | $0 |
| Total functional expenses | $64,663 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $117,344 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| 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 | $36,890 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $154,234 |
| Accounts payable and accrued expenses | $4,272 |
| 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 | $3,330 |
| Total liabilities | $7,602 |
| Net assets without donor restrictions | $146,632 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $154,234 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Better World Fund has recieved totaling $15,000.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: International/Foreign Affairs | $15,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Better World Fund Tucson, AZ | $555,578 | $304,520 |
United Nations Association Of San Diego International Gift Shop Inc San Diego, CA | $56,988 | $71,990 |
Better World Fund Palo Alto, CA | $154,234 | $89,035 |
United Nations Association Of San Diego San Diego, CA | $23,470 | $0 |
Better World Fund Palo Alto, CA | $17,540 | $0 |