Better Tomorrow Foundation
- Assets
- $398.1k
- Revenue
- $534.0
- Investments
- $376.6k
- Employees
- 0
- Location
- Whittier, CA
- Founding
- 03/2013
- Data as of
- 12/2022
- EIN
- 38-3884569
Organization Overview
Better Tomorrow Foundation is located in Whittier, CA. The organization was established in 2013. 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 Tomorrow Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
CHARITABLE CONTRIBUTIONBENEFICIARY : GO DOG SAFE PAWS
CHARITABLE CONTRIBUTIONBENEFICIARY : NEW LIFE VISION CHURCH
CHARITABLE CONTRIBUTIONBENEFICIARY : NOAH WITH CHILDREN
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Yang Trustor/trustee | 2 | $0 | |
Janice Ahn Trustor/trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $146 |
| Dividends & Interest | $388 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $3,813 |
| Net ST Capital Gain | $3,813 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $534 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $948 |
| Taxes | $52 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $2,556 |
| Printing and publications | $0 |
| Other expenses | $44,915 |
| Total operating and administrative expenses | $49,821 |
| Contributions, gifts, grants paid | $3,500 |
| Total expenses and disbursements | $53,321 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $21,418 |
| 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 | $20,569 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $398,066 |
| Accounts payable and accrued expenses | $4,765 |
| 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 | $4,765 |
Grants Awarded
Over the last fiscal year, Better Tomorrow Foundation has awarded $3,500 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
WAGS AND WALKS PURPOSE: CONTRIBUTION | $2,500 |
KYU LEE PURPOSE: CONTRIBUTION | $1,000 |