Civic Intelligence

Better Future Foundation

990EZ • Fiscal year 2019 • EIN 36-4889885

Jan 01, 2019 to Dec 31, 2019 • Filed on Jul 09, 2020

6136 Frisco Square Blvd Ste 200Frisco, TX 75034

(940) 631-3553

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

55th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Liabilities / Revenue

55th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Net Margin

63rd percentile

10%

Higher net margin than 63% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Top Officer Pay

84th percentile

$0

Higher top officer pay than 84% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2019

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2019

Assets

$14,834

No earlier filing loaded for comparison.

Net Assets

$14,834

No earlier filing loaded for comparison.

Liabilities

$0

No earlier filing loaded for comparison.

Revenue

$69,007

No earlier filing loaded for comparison.

Expenses

$62,085

No earlier filing loaded for comparison.

Net Income

$6,922

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$40K$30K$20K$10K$0Assets 2019: $14,834Liabilities 2019: $0Net Assets 2019: $14,8342019Assets 2020: $30,079Liabilities 2020: $0Net Assets 2020: $30,0792020Assets 2021: $23,640Liabilities 2021: $0Net Assets 2021: $23,6402021Assets 2022: $7,037Liabilities 2022: $0Net Assets 2022: $7,0372022

Highlighted filing

2019

Assets$14,834
Liabilities$0
Net Assets$14,834

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$150K$100K$50K$0-$50KRevenue 2019: $69,007Expenses 2019: $62,085Net Income 2019: $6,9222019Revenue 2020: $79,429Expenses 2020: $64,184Net Income 2020: $15,2452020Revenue 2021: $94,604Expenses 2021: $101,043Net Income 2021: -$6,4392021Revenue 2022: $17,917Expenses 2022: $34,520Net Income 2022: -$16,6032022

Highlighted filing

2019

Revenue$69,007
Expenses$62,085
Net Income$6,922
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Jul 9, 2020
Return Version
2019v5.1
Gross Receipts
$69,007
Mission and Program Overview

Mission

Provide assistance to at-risk youth

Program Services

DescriptionGrantsExpenses
Frisco Fastpacs delivers meal bags to 72 Frisco ISD schools to ensure that no child in Frisco has to endure hunger when school is not in session.$50,000$50,000
The Christmas event hosts over 100 underprivileged children and their families. Food and toys were provided for all of the children in attendance.-$5,550
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Kandi PoundPresident-$0--
Daniel ButbulVice President-$0--
Miriam MoormanSecretary-$0--
Alejandro FrancoTreasurer-$0--
Filing and Contact Details

Filer

Filer Name
Better Future Foundation
EIN
36-4889885
Address
6136 Frisco Square Blvd Ste 200, Frisco, TX 75034

Signing Officer

Name
Alejandro Franco
Title
Treasurer
Phone
9406313553
Signed
2020-07-09
Discuss with paid preparer
Yes

Preparer

Firm
BW Group Inc
Address
14785 Preston Road Ste 550, Dallas, TX 75254
Preparer
Zachary Wilson CPA
Phone
4692266856
Supplemental Narrative

Additional Explanations

General explanation attachment

The Emilio and Giovanna Piccinini Better Future Foundation is dedicated to rewarding those children who face challenges but still strive to accomplish academic and leadership achievements in hopes of a better future. The foundation provides financial and other meaningful assistance to bright and promising at-risk youth with the ultimate goal of improving their lives and future by providing a hand up not a handout.

List of grants and similar amounts paid Part I line 10

Activity Grant Grantee Frisco Fastpacs Street 124 Rose Lane 603 City, State, Zip Frisco, TX 75034Relationship none Amount 50,000

Description of other expenses Part I line 16

Description AmountBank Charges and Fees 354Office Supplies and Software 731Other Small Grants 1,950Special Events 5,550

Raw XML Appendix141 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt1The Christmas event hosts over 100 underprivileged children and their families. Food and toys were provided for all of the children in attendance.
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IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt15550
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IRS990ScheduleA/First5Years509Ind0X
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The Emilio and Giovanna Piccinini Better Future Foundation is dedicated to rewarding those children who face challenges but still strive to accomplish academic and leadership achievements in hopes of a better future. The foundation provides financial and other meaningful assistance to bright and promising at-risk youth with the ultimate goal of improving their lives and future by providing a hand up not a handout.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Activity Grant Grantee Frisco Fastpacs Street 124 Rose Lane 603 City, State, Zip Frisco, TX 75034Relationship none Amount 50,000
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Description AmountBank Charges and Fees 354Office Supplies and Software 731Other Small Grants 1,950Special Events 5,550
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0General explanation attachment
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1List of grants and similar amounts paid Part I line 10
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Description of other expenses Part I line 16
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ReturnHeader/PreparerPersonGrp/PreparationDt02020-07-09
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ReturnHeader/TaxPeriodBeginDt02019-01-01
ReturnHeader/TaxPeriodEndDt02019-12-31
ReturnHeader/TaxYr02019

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