Foundation For A Better World Inc
- Assets
- $214.8m
- Revenue
- $36.8m
- Investments
- $205.8m
- Employees
- 0
- Location
- Marietta, GA
- Founding
- 07/2013
- Data as of
- 12/2022
- EIN
- 46-2385457
Organization Overview
Foundation For A Better World Inc is located in Marietta, GA. 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. Foundation For A Better World 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 12/2022, Foundation For A Better World Inc generated $36.8m in total revenue. All expenses for the organization totaled $2.7m during the year ending 12/2022. While expenses have increased by 36.4% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Foundation For A Better World Inc has awarded 173 individual grants totaling $20,162,419. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
NONE - NO ACTIVITIES OTHER THAN GRANT MAKING
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Thomas Claugus Director / Vice President | 1 | $0 | |
Beatriz Illescas Director / President | 40 | $200,000 | |
Melissa Claugus Director / Secretary | 1 | $0 | |
Thomas Claugus II Director / Treasurer | 1 | $0 | |
Gregory Claugus Director | 1 | $0 | |
Michael Claugus Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $7,618,863 |
| Interest on Savings | $561 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $16,406,485 |
| Capital Gain Net Income | $16,406,485 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $12,771,120 |
| Total Revenue | $36,797,029 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $200,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $12,133 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $38,319 |
| Printing and publications | $0 |
| Other expenses | $3,185 |
| Total operating and administrative expenses | $320,313 |
| Contributions, gifts, grants paid | $2,394,500 |
| Total expenses and disbursements | $2,714,813 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,494,428 |
| 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 | $205,791,480 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $7,500,000 |
| Total assets | $214,785,908 |
| 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, Foundation For A Better World Inc has awarded $2,394,500 in support to 28 organizations.
| Grant Recipient | Amount |
|---|---|
ALZHEIMER'S ASSOCIATION PURPOSE: PROGRAM EXPENSES | $50,000 |
ASOPUENTE INTERNAIONAL INC PURPOSE: PROGRAM EXPENSES | $150,000 |
ALZHEIMER'S DRUG DISCOVERY FOUNDATION PURPOSE: PROGRAM EXPENSES | $250,000 |
ALZHEIMER'S DRUG DISCOVERY FOUNDATION PURPOSE: PROGRAM EXPENSES | $50,000 |
BARNESVILLE HOSPITAL FOUNDATION PURPOSE: PROGRAM EXPENSES | $53,500 |
BIPARTISAN POLICY CENTER PURPOSE: PROGRAM EXPENSES | $50,000 |