Civic Intelligence

Better Next Year Fund

EIN 93-4195435 • 501(c)4 • Dover, DE

990-N Coverage

Profile

The specific purposes and objectives of the corporation shall be to support organizations, projects, and initiatives that "make next year better," including, but not limited to, research, education, advocacy.

1111B S Governors Ave 6683Dover, DE 19904

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

93rd percentile

0.79x

Higher debt load relative to assets than 93% of similar nonprofits.

501(c)4 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

83rd percentile

0.71x

Higher debt load relative to revenue than 83% of similar nonprofits.

501(c)4 • $1M-$5M nonprofits • Source year 2024

Net Margin

7th percentile

-43%

Higher net margin than 7% of similar nonprofits.

501(c)4 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

63rd percentile

$0

Higher top officer pay than 63% of similar nonprofits.

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

501(c)4 • $1M-$5M nonprofits • Source year 2024

Asset Growth

Score unavailable

No value available

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

Source year 2024

Revenue Growth

Score unavailable

No value available

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

Source year 2024

Balance Sheet
Liabilities / Assets93rd percentile

Assets

$3,629,385

No earlier filing loaded for comparison.

Liabilities

$2,865,671

No earlier filing loaded for comparison.

Net Assets

$763,714

No earlier filing loaded for comparison.

Operations
Liabilities / Revenue83rd percentileNet Margin7th percentile

Revenue

$4,062,955

No earlier filing loaded for comparison.

Expenses

$5,799,241

No earlier filing loaded for comparison.

Net Income

-$1,736,286

No earlier filing loaded for comparison.

Trend Graphs

Balance Sheet Trend

Asset GrowthScore unavailable

Grouped bars show assets, liabilities, and net assets across loaded filings.

$4.0M$3.0M$2.0M$1.0M$0Assets 2024: $3,629,385Liabilities 2024: $2,865,671Net Assets 2024: $763,7142024

Highlighted filing

2024

Assets$3,629,385
Liabilities$2,865,671
Net Assets$763,714
Open 2024 Filing

Operations Trend

Revenue GrowthScore unavailable

Revenue, expenses, and net income by year, with the latest filing highlighted.

$6.0M$4.0M$2.0M$0-$2.0MRevenue 2024: $4,062,955Expenses 2024: $5,799,241Net Income 2024: -$1,736,2862024

Highlighted filing

2024

Revenue$4,062,955
Expenses$5,799,241
Net Income-$1,736,286
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$3,629,385
Liabilities
$2,865,671
Net assets
$763,714
Revenue
$4,062,955
Expenses
$5,799,241
Net income
-$1,736,286
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$3.63$2.87$0.76$4.06$5.80$1.74
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 14, 2025
Return Version
2024v5.2
Gross Receipts
$4,062,955
Mission and Program Overview

Mission

The specific purposes and objectives of the corporation shall be to support organizations, projects, and initiatives that "make next year better," including, but not limited to, research, education, advocacy.

SEE PART III, LINE 1.

Balance Sheet Detail
LineBeginningEndChange
Assets
Pledges and Grants Receivable-$2,250,000-
Savings and Temporary Cash Investments-$1,125,053-
Cash and Non-Interest-Bearing Accounts-$254,332-
Total Assets$0$3,629,385▲ $3,629,385
Liabilities
Accounts Payable and Accrued Expenses-$2,865,671-
Total Liabilities$0$2,865,671▲ $2,865,671
Net Assets / Fund Balance
Net Assets Without Donor Restrictions-$763,714-
Total Net Assets Fund Balance$0$763,714▲ $763,714
Total Liabilities and Net Assets / Fund Balance$0$3,629,385▲ $3,629,385
Compensation and Service Providers
Top Officer Pay63rd percentile

Board Members and Trustees

NameTitle
Nicholas JosefowitzPresident
Aaron MyronSecretary
Theodose Melas KyriaziTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$4,000,000
Program Service Revenue
$0
Investment Income
$62,955
Other Revenue
$0
All Other Contributions
$4,000,000
Change in Net Assets
$-1,736,286

Audited Revenue Reconciliation

Revenue per Audited Statements
$4,062,955
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$4,062,955
Total Revenue per Form 990
$4,062,955
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$5,770,000
Other Expenses$29,241
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$5,770,000--$5,770,000
Other Expenses-$13,200-$13,200
Fees for Services Legal-$11,830-$11,830
Fees for Services Accounting-$3,711-$3,711
Office Expenses-$500-$500
Total Functional Expenses$5,770,000$29,241$0$5,799,241

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$5,799,241
Total Expenses per Audited Statements$5,799,241
Total Expenses per Form 990$5,799,241
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Realize ImpactBainbridge Island, WA501c3Energy Affordability$2,500,000
Permit Power Action FundSan Francisco, CA501c4Energy Affordability$2,250,000
Tides AdvocacySan Francisco, CA501c4Energy Affordability & Economic Development$500,000
Hopewell FundWashington, DC501c3Education$270,000
Permit Power Education FundSan Francisco, CA501c3Energy Affordability$250,000
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
Yes
Subject to proxy tax
No

Reported Spending and Taxes

Line ItemAmount
Political Expenditures$500,000
Section 527 Activity Spending$500,000
Total Exempt Function Spending$500,000
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
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
No
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, Section A, Line 2

“Nicholas josefowitz and theodose melas kyriazi have a familial relationship.”

Form 990, Part VI, Section A, Line 8B

“The organization does not have committees with authority to act on behalf of the governing body.”

Form 990, Part VI, Section B, Line 11B

“The form 990 was prepared by an outside accounting firm. A copy of the 990 was provided to the board for review and approval prior to filing.”

Form 990, Part VI, Section B, Line 12C

“Annually, the board will be provided a copy of the conflict-of-interest policy and be requested to provide a signature acknowledging receipt. If a conflict occurs, the responsible party is required to notify the board of directors of the circumstances resulting in the potential conflict so that the board of directors can provide guidance and take such action as it deems appropriate. No director who directly or indirectly is involved in a potential conflict of interest will be counted in determining the existence of a quorum at any meeting of the board where the potential conflict is considered, nor will the director vote on any action of the board regarding the potential conflict of interest.”

Form 990, Part VI, Section C, Line 19

“The organization makes the governing documents available upon request.”

Filing and Contact Details

Filer

Filer Name
Better Next Year Fund
EIN
93-4195435
Phone
4155157572
Address
1111B S GOVERNORS AVE 6683, DOVER, DE 19904

Signing Officer

Name
Nicholas Josefowitz
Title
President
Phone
4155157572
Signed
2025-11-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Nicholas Josefowitz
Formed
2023
Legal Domicile
De
Voting Board Members
3
Independent Board Members
3
Employees
0
Volunteers
3

Preparer

Firm
Gelman Rosenberg & Freedman
Address
4550 MONTGOMERY AVE SUITE 800N, BETHESDA, MD 20814-2930
Preparer
Elizabeth W Heller
Phone
3019519090
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 8

“There is a prior period adjustment on the 2024 return of $2,500,000. In 2023, the organization filed a form 990n due to having gross receipts under the filing threshold. However, the organization received an audit for 2024 and required a conversion from cash basis to accrual basis in order to conform with gaap. This resulted in a prior period adjustment on the 2024 return.”

Financial Statement Notes

PART X, LINE 2:

“The company is a not-for-profit corporation exempt from federal and state income taxes under internal revenue code section 501(c)(4). However, certain operations of the company may qualify as unrelated business taxable income and, to the extent that these operations generate income, they will be subject to federal and state taxes. During the year ended december 31, 2024 and the period from october 27, 2023 (commencement of operations) through december 31, 2023, there was no unrelated business income for the company. The company's federal and state information returns since inception are subject to examination. Management has analyzed the tax positions taken by the company and has concluded that, as of december 31, 2024 and 2023, there are no uncertain tax positions taken or expected to be taken that would require recognition of a liability (or asset) or disclosure in the financial statements. The company recognizes interest and penalties associated with tax matters as part of management and general expenses and includes accrued interest and penalties in accrued expenses in the statements of financial position. There were no interest or penalties for the year ended december 31, 2024 and the period from october 27, 2023 (commencement of operations) through december 31, 2023.”

Raw XML Appendix350 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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IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt2ENERGY AFFORDABILITY & ECONOMIC DEVELOPMENT
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt3EDUCATION
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IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd1CA
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd2CA
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd3DC
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd4CA
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd098110
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd194115
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd294129
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd320036
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd494115
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0GRANT RECIPIENTS ARE REQUIRED TO PROVIDE ANNUAL UPDATES ON THE USE OF GRANT FUNDS. PERIODIC REVIEWS OF GRANT ACTIVITY ARE CONDUCTED AT THE DISCRETION OF BETTER NEXT YEAR FUND.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 2:
IRS990ScheduleI/Total501c3OrgCnt03
IRS990ScheduleI/TotalOtherOrgCnt02
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0NICHOLAS JOSEFOWITZ AND THEODOSE MELAS KYRIAZI HAVE A FAMILIAL RELATIONSHIP.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION DOES NOT HAVE COMMITTEES WITH AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE FORM 990 WAS PREPARED BY AN OUTSIDE ACCOUNTING FIRM. A COPY OF THE 990 WAS PROVIDED TO THE BOARD FOR REVIEW AND APPROVAL PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ANNUALLY, THE BOARD WILL BE PROVIDED A COPY OF THE CONFLICT-OF-INTEREST POLICY AND BE REQUESTED TO PROVIDE A SIGNATURE ACKNOWLEDGING RECEIPT. IF A CONFLICT OCCURS, THE RESPONSIBLE PARTY IS REQUIRED TO NOTIFY THE BOARD OF DIRECTORS OF THE CIRCUMSTANCES RESULTING IN THE POTENTIAL CONFLICT SO THAT THE BOARD OF DIRECTORS CAN PROVIDE GUIDANCE AND TAKE SUCH ACTION AS IT DEEMS APPROPRIATE. NO DIRECTOR WHO DIRECTLY OR INDIRECTLY IS INVOLVED IN A POTENTIAL CONFLICT OF INTEREST WILL BE COUNTED IN DETERMINING THE EXISTENCE OF A QUORUM AT ANY MEETING OF THE BOARD WHERE THE POTENTIAL CONFLICT IS CONSIDERED, NOR WILL THE DIRECTOR VOTE ON ANY ACTION OF THE BOARD REGARDING THE POTENTIAL CONFLICT OF INTEREST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION MAKES THE GOVERNING DOCUMENTS AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THERE IS A PRIOR PERIOD ADJUSTMENT ON THE 2024 RETURN OF $2,500,000. IN 2023, THE ORGANIZATION FILED A FORM 990N DUE TO HAVING GROSS RECEIPTS UNDER THE FILING THRESHOLD. HOWEVER, THE ORGANIZATION RECEIVED AN AUDIT FOR 2024 AND REQUIRED A CONVERSION FROM CASH BASIS TO ACCRUAL BASIS IN ORDER TO CONFORM WITH GAAP. THIS RESULTED IN A PRIOR PERIOD ADJUSTMENT ON THE 2024 RETURN.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 8B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART XI, LINE 8
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt00
IRS990/TotalAssetsEOYAmt03629385
IRS990/TotalAssetsGrp/BOYAmt00
IRS990/TotalAssetsGrp/EOYAmt03629385
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt04000000
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt029241
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt05770000
IRS990/TotalFunctionalExpensesGrp/TotalAmt05799241
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt00
IRS990/TotalLiabilitiesEOYAmt02865671
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt02865671
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0763714
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt05770000
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt062955
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt04062955
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt03
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt00
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt03629385
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt01111B S GOVERNORS AVE 6683
IRS990/USAddress/CityNm0DOVER
IRS990/USAddress/StateAbbreviationCd0DE
IRS990/USAddress/ZIPCd019904
IRS990/VotingMembersGoverningBodyCnt03
IRS990/VotingMembersIndependentCnt03
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0NICHOLAS JOSEFOWITZ
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum04155157572
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-11-14
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0BETTER NEXT YEAR FUND
ReturnHeader/Filer/BusinessNameControlTxt0BETT
ReturnHeader/Filer/EIN0934195435
ReturnHeader/Filer/PhoneNum04155157572
ReturnHeader/Filer/USAddress/AddressLine1Txt01111B S GOVERNORS AVE 6683
ReturnHeader/Filer/USAddress/CityNm0DOVER
ReturnHeader/Filer/USAddress/StateAbbreviationCd0DE
ReturnHeader/Filer/USAddress/ZIPCd019904
ReturnHeader/IRSResponsiblePrtyInfoCurrInd00
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0521392008
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0GELMAN ROSENBERG & FREEDMAN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt04550 MONTGOMERY AVE SUITE 800N
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0BETHESDA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0208142930
ReturnHeader/PreparerPersonGrp/PhoneNum03019519090
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0ELIZABETH W HELLER
ReturnHeader/ReturnTs02025-11-14T15:00:26-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

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