Foundation For A Better World Inc
- Assets
- $167.6m
- Revenue
- $6.3m
- Investments
- $167.5m
- Employees
- 0
- Location
- Marietta, GA
- Founding
- 07/2013
- Data as of
- 12/2021
- 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 12/2021, Foundation For A Better World Inc generated $6.3m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 46.0% each year . All expenses for the organization totaled $7.8m during the year ending 12/2021. While expenses have increased by 40.6% 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 179 individual grants totaling $22,022,684. 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
2021
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 |
|---|---|---|---|
Beatriz Illescas Director / President | 40 | $187,000 | |
Melissa Claugus Director / Secretary | 1 | $0 | |
Michael Claugus Director | 1 | $0 | |
Thomas Claugus II Director / Treasurer | 1 | $0 | |
Gregory Claugus Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $6,349,051 |
| Interest on Savings | $311 |
| Dividends & Interest | $0 |
| 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 | $6,349,362 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $187,000 |
| Other employee salaries and wages | $85,500 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,245,979 |
| Depreciation | $8,311 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $344 |
| Printing and publications | $0 |
| Other expenses | $5,890 |
| Total operating and administrative expenses | $1,552,108 |
| Contributions, gifts, grants paid | $6,215,131 |
| Total expenses and disbursements | $7,767,239 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $90,218 |
| 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 | $167,516,336 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $167,606,554 |
| Accounts payable and accrued expenses | $200 |
| 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 | $200 |
Grants Awarded
Over the last fiscal year, Foundation For A Better World Inc has awarded $6,215,131 in support to 31 organizations.
| Grant Recipient | Amount |
|---|---|
New York, NY PURPOSE: PROGRAM EXPENSES | $2,000,000 |
New York, NY PURPOSE: PROGRAM EXPENSES | $1,236,131 |
San Francisco, CA PURPOSE: PROGRAM EXPENSES | $800,000 |
San Francisco, CA PURPOSE: PROGRAM EXPENSES | $700,000 |
New York, NY PURPOSE: PROGRAM EXPENSES | $250,000 |
La Jolla, CA PURPOSE: PROGRAM EXPENSES | $250,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Pentecost Foundation Bradenton, FL | $91,770,712 | $23,508,587 |
C D Spangler Foundation Inc Charlotte, NC | $547,764,463 | $34,692,558 |
The Henry W Grady Health System Foundation Inc Atlanta, GA | $41,862,389 | $12,481,516 |
Micky And Madeleine Arison Family Foundation Coral Gables, FL | $232,510,515 | $23,555,348 |
Thomas W Smith Foundation Boca Raton, FL | $35,370,958 | $23,899,669 |
University Of Central Florida Research Foundation Inc Orlando, FL | $26,737,307 | $16,545,937 |
Haslam Family Foundation Inc Knoxville, TN | $7,594,271 | $428,205 |
Wonderful Life Foundation West Palm Beach, FL | $22,652,179 | $19,424,572 |
Thompson-Hartford Foundation Inc Tampa, FL | $0 | $6,094,384 |
The Ezrah Charitable Trust Charlotte, NC | $259,414,844 | $89,054,665 |
Robert E And Jenny D Kirkland Foundation Union City, TN | $287,925,102 | $17,113,043 |
Harrell Family Charities Inc Lakeland, FL | $0 | $11,320,223 |