Civic Intelligence

Better World Fund Inc

990 • Fiscal year 2022 • EIN 58-2366765

Jan 01, 2022 to Dec 31, 2022 • Filed on Nov 15, 2023

1750 Pennsylvania Avenue NW Ste 300Washington, DC 20006

(202) 887-9040

Siviq Scores

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

Liabilities / Assets

86th percentile

0.69x

Higher debt load relative to assets than 86% of similar nonprofits.

2022 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2022

Liabilities / Revenue

86th percentile

1.23x

Higher debt load relative to revenue than 86% of similar nonprofits.

2022 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2022

Net Margin

18th percentile

-11%

Higher net margin than 18% of similar nonprofits.

2022 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2022

Top Officer Pay

95th percentile

$499,516

Higher top officer pay than 95% of similar nonprofits.

Top officer pay equals 11.9% of source-year revenue.

2022 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2022

Asset Growth

65th percentile

7.3%

Faster asset growth than 65% of similar nonprofits.

2022 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2021 to 2022

Revenue Growth

54th percentile

7.0%

Faster revenue growth than 54% of similar nonprofits.

2022 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2021 to 2022

Assets

Up

$7,503,700

Up $510,435 (+7.3%) from 2021

Net Assets

Down

$2,318,678

Down $1,411,799 (-38%) from 2021

Liabilities

Up

$5,185,022

Up $1,922,234 (+59%) from 2021

Revenue

Up

$4,201,537

Up $276,518 (+7.0%) from 2021

Expenses

Up

$4,644,859

Up $156,504 (+3.5%) from 2021

Net Income

Up

-$443,322

Up $120,014 (+21%) from 2021

Historical Trend

Balance Sheet Trend

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

$30M$20M$10M$0-$10MAssets 2010: $22,912,269Liabilities 2010: $1,833,390Net Assets 2010: $21,078,8792010Assets 2011: $29,681,018Liabilities 2011: $2,889,666Net Assets 2011: $26,791,3522011Assets 2012: $25,566,012Liabilities 2012: $3,693,317Net Assets 2012: $21,872,6952012Assets 2013: $16,663,168Liabilities 2013: $969,989Net Assets 2013: $15,693,1792013Assets 2014: $8,537,740Liabilities 2014: $1,188,421Net Assets 2014: $7,349,3192014Assets 2015: $6,481,975Liabilities 2015: $742,535Net Assets 2015: $5,739,4402015Assets 2016: $4,811,228Liabilities 2016: $621,495Net Assets 2016: $4,189,7332016Assets 2017: $5,579,175Liabilities 2017: $1,090,961Net Assets 2017: $4,488,2142017Assets 2018: $4,921,687Liabilities 2018: $230,293Net Assets 2018: $4,691,3942018Assets 2019: $6,703,135Liabilities 2019: $2,447,572Net Assets 2019: $4,255,5632019Assets 2020: $5,413,020Liabilities 2020: $1,220,595Net Assets 2020: $4,192,4252020Assets 2021: $6,993,265Liabilities 2021: $3,262,788Net Assets 2021: $3,730,4772021Assets 2022: $7,503,700Liabilities 2022: $5,185,022Net Assets 2022: $2,318,6782022Assets 2023: $6,842,724Liabilities 2023: $7,028,700Net Assets 2023: -$185,9762023Assets 2024: $8,659,557Liabilities 2024: $8,407,996Net Assets 2024: $251,5612024

Highlighted filing

2022

Assets$7,503,700
Liabilities$5,185,022
Net Assets$2,318,678

Operations Trend

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

$20M$10M$0-$10MExpenses 2010: $12,493,7062010Expenses 2011: $14,911,8112011Expenses 2012: $13,497,3222012Revenue 2013: $6,098,949Expenses 2013: $12,278,465Net Income 2013: -$6,179,5162013Revenue 2014: $3,216,785Expenses 2014: $11,296,872Net Income 2014: -$8,080,0872014Revenue 2015: $6,862,380Expenses 2015: $8,324,455Net Income 2015: -$1,462,0752015Revenue 2016: $4,574,315Expenses 2016: $6,292,542Net Income 2016: -$1,718,2272016Revenue 2017: $5,306,184Expenses 2017: $5,346,277Net Income 2017: -$40,0932017Revenue 2018: $5,591,780Expenses 2018: $5,206,350Net Income 2018: $385,4302018Revenue 2019: $4,212,927Expenses 2019: $4,889,604Net Income 2019: -$676,6772019Revenue 2020: $3,803,777Expenses 2020: $4,457,249Net Income 2020: -$653,4722020Revenue 2021: $3,925,019Expenses 2021: $4,488,355Net Income 2021: -$563,3362021Revenue 2022: $4,201,537Expenses 2022: $4,644,859Net Income 2022: -$443,3222022Revenue 2023: $1,230,104Expenses 2023: $4,246,897Net Income 2023: -$3,016,7932023Revenue 2024: $7,472,245Expenses 2024: $7,135,545Net Income 2024: $336,7002024

Highlighted filing

2022

Revenue$4,201,537
Expenses$4,644,859
Net Income-$443,322
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Nov 15, 2023
Return Version
2022v5.0
Gross Receipts
$4,521,663
Mission and Program Overview

Mission

SEE SCHEDULE O

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$2,889,797$4,500,924▲ $1,611,127
Investments in Publicly Traded Securities$4,048,727$2,992,575▼ $1,056,152
Prepaid Expenses and Deferred Charges$54,741$10,201▼ $44,540
Cash and Non-Interest-Bearing Accounts$0$0→ $0
Accounts Receivable$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Land, Buildings, and Equipment, Net$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Total Assets$6,993,265$7,503,700▲ $510,435
Other Assets Total$0$0→ $0
Liabilities
Other Liabilities$3,123,470$4,932,080▲ $1,808,610
Accounts Payable and Accrued Expenses$133,488$247,112▲ $113,624
Deferred Revenue$5,830$5,830→ $0
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$3,262,788$5,185,022▲ $1,922,234
Net Assets / Fund Balance
Net Assets With Donor Restrictions$2,958,144$2,891,307▼ $66,837
Net Assets Without Donor Restrictions$772,333$-572,629▼ $1,344,962
Total Net Assets Fund Balance$3,730,477$2,318,678▼ $1,411,799
Total Liabilities and Net Assets / Fund Balance$6,993,265$7,503,700▲ $510,435

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2022$3,409,795-▼ $700,792$232,452$2,476,551
2021$2,575,000-▲ $356,537$356,537$2,575,000
2020$2,575,000-▲ $669,123$669,123$2,575,000
2019$2,575,000-▲ $375,389$375,389$2,575,000
2018$2,575,000-▼ $153,814$-153,814$2,575,000
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Peter YeoPresident of Bwf & Sr. VP, UnfFT$273,689$82,775$356,464
George HannumExec Director Bwf, Sr Director Us-un RelFT$149,980$61,982$211,962
Michael BeardExecutive DirectorFT$157,934$48,713$206,647
Brian MassaDirector, Global Health Adv.FT$105,409$36,951$142,360
Ryan KehmnaDeputy DirectorFT$90,591$15,000$105,591
Elizabeth CousensPresident & CEOPT$60,652$14,275$74,927
Andrew Axelrod Thru 922Chief Operating OfficerPT$39,053$7,850$46,903
Lia Fordjour Thru 122Chief Financial Officer-$16,685-$16,685

Board Members and Trustees

NameTitle
Re TurnerChairman
Timothy E WirthDirector & Vice Chair
Fabio C BarbosaDirector
Kathryn Calvin WaltersDirector
Laura Turner SeydelDirector
Nr Narayana MurthyDirector
Rutherford SeydelSecretary

Highest Paid Contractors

ContractorServicesLocationCompensation
Kyle House Group LLCConsultant Fees1747 PENNSYLVANIA AVE NWSTE 1150, Washington, DC 20006$394,249
Mark L Goldberg LLCConsultant Fees1135 S YORK STREET, Denver, CO 80210$173,989
Bgr Government Affairs LLCConsultant Fees601 13TH STREET NW 11TH FLOOR S, Washington, DC 20005$121,030
Morning Consult LLCConsultant Fees1025 F ST NW SUITE 800, Washington, DC 20004$110,000
Revenue and Support

Revenue Composition

Contributions and Grants
$3,930,880
Program Service Revenue
$0
Investment Income
$270,657
Other Revenue
$0
All Other Contributions
$623,372
Change in Net Assets
$-443,322

Audited Revenue Reconciliation

Revenue per Audited Statements
$4,201,537
Revenue Not Reported on Form 990
$-968,477
Total Revenue per Audited Statements
$3,233,060
Total Revenue per Form 990
$4,201,537
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$2,814,050
Other Expenses$1,788,309
Total Fundraising Expense$116,076
Grants and Similar Amounts Paid$42,500
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,629,492$161,241$39,683$1,830,416
Fees for Services Other$1,009,022$94,023$25,575$1,128,620
Other Employee Benefits$546,395$54,067$13,307$613,769
Other Expenses$272,072$27,839$15,689$315,600
Conferences and Meetings$152,597$15,614$8,799$177,010
Current Officers, Directors, Trustees, and Key Employees$123,309$12,202$3,003$138,514
Payroll Taxes$118,423$11,732$2,875$133,030
Pension Plan Contributions$87,529$8,661$2,131$98,321
Travel$57,942$4,477$3,192$65,611
Information Technology$22,612$22,820$46$45,478
Grants to Domestic Orgs$42,500--$42,500
Office Expenses$22,545$2,154$841$25,540
Fees for Services Lobbying$6,929$646$175$7,750
Fees for Services Accounting$2,276$212$58$2,546
Occupancy$1,105$663$442$2,210
Total Functional Expenses$4,105,720$423,063$116,076$4,644,859

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$4,644,859
Total Expenses per Audited Statements$4,644,859
Total Expenses per Form 990$4,644,859
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
US Global Leadership CampaignWashington, DC501(c)(4)Un Strngthn$30,000
Center for US Global LeadershipWashington, DC501(c)(3)Un Strngthn$12,500
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Gaming Direct Expenses$0
Gaming Gross Income$0
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
Yes
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to Affiliates$4,932,080
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

FORM 990, PART VI, LINE 2:

Laura turner seydel is the daughter of r. E. Turner and spouse of rutherford seydel. R. E. Turner is father of laura turner seydel and father-in-law of rutherford seydel. Rutherford seydel is spouse to laura turner seydel and son-in-law to r.e. Turner.

FORM 990, PART VI, LINE 11B:

The draft form is reviewed by the chief financial officer, the chief operating officer, the chief executive officer and relevant members of the board of directors, and the organization's legal counsel. The finalized draft, incorporating any changes or comments, is filed with the irs and posted on our website.

FORM 990, PART VI, LINE 12C:

Officers, directors or trustees, and key employees are required to disclose in writing interests that could give rise to conflicts annually or when circumstances change. These circumstances are reviewed by management on an on-going basis in the course of our day-to-day operations. When a conflict of interest arises, recusal from the decisions and deliberation is required. There were no such circumstances in the period covered by this report.

FORM 990, PART VI, LINES 15A & 15B:

Any changes to the president's compensation require board approval. The board reviews the president's compensation annually and it was last reviewed in january 2022. Comparable data from peer organizations is used in determining the president's compensation. Any changes to the president's compensation are documented by the organization. For applicable officers and for key employees, compensation is determined based on qualifications, duties and salaries paid by peer organizations.

FORM 990, PART VI, LINE 19:

The governing documents are provided upon written request. The conflict of interest policy, audited financial statements and form 990 are available on our website.

Filing and Contact Details

Filer

Filer Name
Better World Fund Inc
EIN
58-2366765
In Care Of
% SHENAE BURGESS
Phone
2028879040
Address
1750 PENNSYLVANIA AVENUE NW STE 300, WASHINGTON, DC 20006

Signing Officer

Name
Elizabeth Cousens
Title
President & CEO
Phone
2027883540
Signed
2023-11-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Shenae Burgess
Formed
1998
Legal Domicile
Ga
Voting Board Members
7
Independent Board Members
6
Employees
9
Volunteers
9

Preparer

Firm
PwC US Tax LLP
Address
655 NEW YORK AVE STE 1100, WASHINGTON, DC 20001
Preparer
Travis L Patton
Phone
2024141000
Supplemental Narrative

Additional Explanations

FORM 990, PART I, LINE 1:

The better world fund was created in 1998 to support public-private partnerships to address the world's most pressing problems and works to broaden support for the united nations (un) through advocacy and public outreach.

FORM 990, PART III, LINE 1:

The better world fund was created in 1998 to support public-private partnerships to address the world's most pressing problems and works to broaden support for the united nations (un) through advocacy and public outreach. The better world fund coordinates several domestic advocacy and partnership efforts. Through our campaigns and partnerships, we seek to make it easy for corporations, nongovernmental organizations and individuals to engage in the work of the united nations. The better world campaign, an initiative of the better world fund, works to strengthen the relationship between the united states of america and the united nations through outreach, communications, and advocacy. We encourage u.s. Leadership to enhance the united nations' ability to carry out its invaluable international work on behalf of peace, progress, freedom, and justice. In these efforts, we engage policy makers, the media, and the american public to increase awareness and support for the united nations.

Form 990 Part IX Line 11G

Description:other professional fees total fees:1128620

Financial Statement Notes

SCHEDULE D, PART V, LINE 4:

Intended uses of better world fund's endowment fund include maintenance and operation of a conference room and for general operations of better world fund programs.

SCHEDULE D, PART X, LINE 2:

Bwf has received a ruling from the internal revenue service that it is exempt from federal income tax under section 501(c)(3) of the internal revenue code as a public charity, other than unrelated business income. Since unf has no significant unrelated business income, no provision for income tax has been recorded. Fasb's guidance on accounting for uncertainty in income taxes clarifies the accounting for uncertainty of income tax positions. This guidance defines the threshold for recognizing tax return positions in the financial statements as "more likely than not" that the position is sustainable, based on its technical merits. This guidance also provides guidance on the measurement, classification, and disclosure of tax return positions in the financial statements. There was no impact on bwf's financial statements during the years ended december 31, 2022 and 2021 resulting from this guidance.

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IRS990/Desc0ADVOCACY: THE BETTER WORLD FUND HAS WORKED TO EDUCATE THE PUBLIC ABOUT THE ROLE AND VALUE OF THE UNITED NATIONS (UN) IN AN INTERDEPENDENT WORLD. IN THESE EFFORTS, WE ENDEAVOR TO ENCOURAGE A COOPERATIVE RELATIONSHIP BETWEEN THE UNITED NATIONS AND U.S. GOVERNMENT. THESE EFFORTS PROMOTE PAYMENT OF U.S. DUES TO THE UNITED NATIONS ON TIME, IN FULL AND WITHOUT CONDITIONS.
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IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT & CEO
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Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$8.66$8.41$0.25$7.47$7.14$0.34
2023Detailed filing. Detailed filing data is available for this year.$6.84$7.03$0.19$1.23$4.25$3.02
2022Detailed filing. Detailed filing data is available for this year.$7.50$5.19$2.32$4.20$4.64$0.44
2021Detailed filing. Detailed filing data is available for this year.$6.99$3.26$3.73$3.93$4.49$0.56
2020Detailed filing. Detailed filing data is available for this year.$5.41$1.22$4.19$3.80$4.46$0.65
2019Detailed filing. Detailed filing data is available for this year.$6.70$2.45$4.26$4.21$4.89$0.68
2018Detailed filing. Detailed filing data is available for this year.$4.92$0.23$4.69$5.59$5.21$0.39
2017Detailed filing. Detailed filing data is available for this year.$5.58$1.09$4.49$5.31$5.35$0.04
2016Detailed filing. Detailed filing data is available for this year.$4.81$0.62$4.19$4.57$6.29$1.72
2015Detailed filing. Detailed filing data is available for this year.$6.48$0.74$5.74$6.86$8.32$1.46
2014Detailed filing. Detailed filing data is available for this year.$8.54$1.19$7.35$3.22$11.3$8.08
2013Detailed filing. Detailed filing data is available for this year.$16.7$0.97$15.7$6.10$12.3$6.18
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$25.6$3.69$21.9$13.5
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$29.7$2.89$26.8$14.9
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$22.9$1.83$21.1$12.5
Peer Organizations

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