Civic Intelligence

Better Opportunity Fund

990 • Fiscal year 2021 • EIN 86-3348840

Apr 14, 2021 to Dec 31, 2021 • Filed on Nov 15, 2022

Organization Profilebetter.com/b/better-opportunity-fund
175 Greenwich Street Floor 59New York, NY 10007

(503) 778-5215

Siviq Scores

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

Liabilities / Assets

17th percentile

0.00x

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

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Liabilities / Revenue

17th percentile

0.00x

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

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Net Margin

100th percentile

100%

Higher net margin than 100% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Top Officer Pay

39th percentile

$0

Higher top officer pay than 39% of similar nonprofits.

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

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Asset Growth

Score unavailable

No value available

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

Source year 2021

Revenue Growth

Score unavailable

No value available

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

Source year 2021

Balance Sheet
Liabilities / Assets17th percentile

Assets

$1,000,398

No earlier filing loaded for comparison.

Net Assets

$1,000,398

No earlier filing loaded for comparison.

Liabilities

$0

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / Revenue17th percentileNet Margin100th percentile

Revenue

$1,000,398

No earlier filing loaded for comparison.

Expenses

$0

No earlier filing loaded for comparison.

Net Income

$1,000,398

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset GrowthScore unavailable

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

$1.5M$1.0M$500K$0Assets 2021: $1,000,398Liabilities 2021: $0Net Assets 2021: $1,000,3982021Assets 2022: $1,011,484Liabilities 2022: $50,156Net Assets 2022: $961,3282022Assets 2023: $861,441Liabilities 2023: $6,156Net Assets 2023: $855,2852023Assets 2024: $282,756Liabilities 2024: $0Net Assets 2024: $282,7562024

Highlighted filing

2021

Assets$1,000,398
Liabilities$0
Net Assets$1,000,398
Open 2021 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$1.5M$1.0M$500K$0-$500K-$1.0MRevenue 2021: $1,000,398Expenses 2021: $0Net Income 2021: $1,000,3982021Revenue 2022: $10,045Expenses 2022: $53,569Net Income 2022: -$43,5242022Revenue 2023: $25,957Expenses 2023: $137,668Net Income 2023: -$111,7112023Revenue 2024: $13,939Expenses 2024: $586,468Net Income 2024: -$572,5292024

Highlighted filing

2021

Revenue$1,000,398
Expenses$0
Net Income$1,000,398
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Apr 14, 2021 to Dec 31, 2021
Signed
Nov 15, 2022
Return Version
2021v4.2
Gross Receipts
$1,000,398
Mission and Program Overview

Mission

Promoting community development through efforts directed to improving the social and economic conditions of low-income persons and persons who lack adequate access to capital or financial services, as well as resident of economically distressed communities.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$0$1,000,398▲ $1,000,398
Rtn Earn Endowment Incm Other Fnds-$1,000,398-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities$0--
Investments Program Related$0--
Land, Buildings, and Equipment, Net-$0-
Loans From Officers Directors-$0-
Total Assets$0$1,000,398▲ $1,000,398
Other Assets Total$0$0→ $0
Liabilities
Other Liabilities$0$0→ $0
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$0$1,000,398▲ $1,000,398
Total Liabilities and Net Assets / Fund Balance$0$1,000,398▲ $1,000,398
Compensation and Service Providers
Top Officer Pay39th percentile

Board Members and Trustees

NameTitle
-President
-Board Member
-Secretary
-Treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,000,000
Program Service Revenue
$0
Investment Income
$398
Other Revenue
$0
All Other Contributions
$1,000,000
Change in Net Assets
$1,000,398
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$0
Other Expenses$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees-$0-
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 7A Members or stockholders electing members of governing body

“Changes to the bylaws or governing documents are subject to approval by betterholdco, inc. As the sole corporation member of better opportunity fund.”

Form 990, Part VI, Line 11B Review of form 990 by governing body

“The form 990 is reviewed by management prior to filing.”

Form 990, Part VI, Line 19 Required documents available to the public

“AVAILABLE UPON REQUEST”

Filing and Contact Details

Filer

Filer Name
Better Opportunity Fund
EIN
86-3348840
Phone
5037785215
Address
175 GREENWICH STREET FLOOR 59, New York, NY 10007

Signing Officer

Name
Nneka
Title
Upkai
Phone
5037785215
Signed
2022-11-15
Discuss with paid preparer
Yes

Organization Details

Formed
2021
Legal Domicile
De
Voting Board Members
6
Independent Board Members
6
Employees
0
Volunteers
6

Preparer

Firm
Ernst & Young US Llp
Address
155 N WACKER DRIVE, CHICAGO, IL 60606
Preparer
Katherine Kurtzman
Phone
3128792000
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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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IRS990/TotalProgramServiceRevenueAmt00
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt0398
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
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IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt06
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt00
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01000398
IRS990/TotReportableCompRltdOrgAmt00
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IRS990/USAddress/StateAbbreviationCd0NY
IRS990/USAddress/ZIPCd010007
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IRS990/VotingMembersIndependentCnt06
IRS990/WebsiteAddressTxt0https://better.com/b/better-opportunity-fund
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02022-09-23 18:48:47Z
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ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0UPKAI
ReturnHeader/BusinessOfficerGrp/PhoneNum05037785215
ReturnHeader/BusinessOfficerGrp/SignatureDt02022-11-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Better Opportunity Fund
ReturnHeader/Filer/BusinessNameControlTxt0BETT
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ReturnHeader/Filer/PhoneNum05037785215
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0155 N WACKER DRIVE
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0IL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd060606
ReturnHeader/PreparerPersonGrp/PhoneNum03128792000
ReturnHeader/PreparerPersonGrp/PreparationDt02022-11-15
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Katherine Kurtzman
ReturnHeader/ReturnTs02022-11-15T22:30:23+00:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0NNEKA
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0UKPAI
ReturnHeader/TaxPeriodBeginDt02021-04-14
ReturnHeader/TaxPeriodEndDt02021-12-31
ReturnHeader/TaxYr02021

Document Assets

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Filings

Displayed year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,000,398
Liabilities
$0
Net assets
$1,000,398
Revenue
$1,000,398
Expenses
$0
Net income
$1,000,398
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.28$0.00$0.28$0.01$0.59$0.57
2023Detailed filing. Detailed filing data is available for this year.$0.86$0.01$0.86$0.03$0.14$0.11
2022Detailed filing. Detailed filing data is available for this year.$1.01$0.05$0.96$0.01$0.05$0.04
2021Detailed filing. Detailed filing data is available for this year.$1.00$0.00$1.00$1.00$0.00$1.00