Better World Fund FY2020 filing

Tax-deductible

Washington, DC501(c)(3)Since 1998InternationalEIN 58-2366765

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501(c)(3) charity; gifts are tax-deductible.
89¢ of each $1 spent went to programs.
$981K paid to officers and key staff.
Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
1 of 5
filings with a surplus
Average deficit $868K a year · 21% of revenue · last 5 filings
Concern: a surplus in 1 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
89%
of spending
Looks good: 89% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$981K
to officers and key staff · 22% of spending
Worth a look: pay to officers and key staff is 22% of spending; over 20%.
Pt VII · Sec A
Cash reserves
5 mo
of spending, in cash
Looks good: 4.6 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $14K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$1.2M
23% of total assets
Looks good: liabilities are 23% of assets; 50% or less.
Pt X · Ln 26
Independent board members
6
of 7 voting members
Looks good: 6 of 7 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$3.8M
Spent
$4.5M
To programs
89%
Net assets
$4.2M
By yearFY2020–FY2024
Revenue
$3.8M
FY2020
Revenue by fiscal year
FY2020$3.8M
FY2021$3.9M
FY2022$4.2M
FY2023$1.2M
FY2024$7.5M
Expenses
$4.5M
FY2020
Expenses by fiscal year
FY2020$4.5M
FY2021$4.5M
FY2022$4.6M
FY2023$4.2M
FY2024$7.1M
Net assets
$4.2M
FY2020
Net assets by fiscal year
FY2020$4.2M
FY2021$3.7M
FY2022$2.3M
FY2023−$186K
FY2024$252K

From the FY2020 Form 990 · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jan 2011.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

89 cents of each dollar spent went to programs.

Program services 89% · $4.0M Management & general 9% · $382K Fundraising 3% · $114K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

14 people listed on the 990; $981K paid to officers and key staff.

Part VII, Section A · reportable compensation
President of Bwc & SR. VP, Unf
$311,174Pt VII · Sec A
Exec Dir Bwc, SR Dir Us-Un Rel
$168,819Pt VII · Sec A
Executive Director
$164,422Pt VII · Sec A
Director, Adv. & Hum. Affairs
$120,840Pt VII · Sec A
SR Dir., Peace &sec. Policy
$114,593Pt VII · Sec A
President & CEO
$63,629Pt VII · Sec A
Chief Financial Officer
$37,439Pt VII · Sec A
$0Pt VII · Sec A

Peter Yeo’s $321K as President of Bwc & SR. VP is at the 99th percentile of top reported officer pay among 167 <$100K international nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Peter Yeo$321,328$343,785$310,989$327,844$311,174
George Hannum$175,563$182,010$170,480$170,376$168,819
Michael Beard—$115,107$174,478$173,436$164,422
Micah Spangler$153,205$125,558—$123,160$120,840
Brian Massa$137,644—$105,409——
Vincent Valdmanis$128,013————
Chandrima Das———$120,059$114,593
Ryan Kehmna——$90,591——

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Better World Fund executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Educates the public and advocates for US cooperation with the United Nations to address global challenges.

Provided by the organization

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3 programs · $4.0M · in their own filed words · FY2020
01

Advocacy

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.

$2.7Mprogram expense
02

United Nations Strengthening

The better world fund builds and implements public-private partnerships to address the world's most pressing problems, and also works to broaden support for the united nations through advocacy and public outreach. The better world fund also provides operational grants for united nations-related programs and initiatives.

$1.3Mprogram expense
03

Climate Change, Energy & Sustainable Development

The better world fund's climate and energy program works with the united nations to help lead the world's transition toward a climate-friendly energy economy. It serves as a nonpartisan forum, and convenes coalitions of leading thinkers and actors to seize opportunities and address challenges posed by this transformation.

Pt IX · col B

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2023
Eastern AreaFY2023$5K
Total grants receivedfrom 2 funders$14K
Grants paid · 9 grants · $242K · 2020–2024
The Henry L Stimson CenterDC · FY2023$30,000
Office of Secretary-General Envoy on TechnologyFY2021$25,000

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$3.8M
Ln 12
Gifts and grantsLn 1h$3.7M
Investment incomeLn 3$79K
Fees for servicesLn 2g$5K
Money outPt IX
$4.5M
Ln 25
Programscol B$4.0M
Managementcol C$382K
Fundraisingcol D$114K
Owns and owesPt X
$4.2M
net assets · Ln 32
Cash and savingsLn 1–2$1.7M
Total assetsLn 16$5.4M
LiabilitiesLn 26$1.2M
PeoplePt VI, VII
14
listed · VII A
PaidVII A7
Voting boardVI 1a7
IndependentVI 1b6
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$3.7M
Government grantsLn 1e$2K
Fees for servicesLn 2g$5K
Investment incomeLn 3$79K
Gains on assetsLn 7$23K
Total revenueLn 12$3.8M
Assets in detailPt X, end of year
CashLn 1$0
SavingsLn 2$1.7M
Cash and savings togetherLn 1–2$1.7M
InvestmentsLn 11–13$3.7M
Land, buildings, equipmentLn 10c$0
Other assetsLn 15$0
Total assetsLn 16$5.4M
LiabilitiesLn 26$1.2M
Net assetsLn 32$4.2M
OperationsPt I, VI
EmployeesI 59
VolunteersI 66
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$3.5M$1.7M
InvestmentsLn 11–13$3.2M$3.7M
Land, buildings, equipmentLn 10c$0$0
Total assetsLn 16$6.7M$5.4M
LiabilitiesLn 26$2.4M$1.2M
Net assetsLn 32$4.3M$4.2M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$80K$80K
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$109K$96K$9K$3K
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$2.1M$1.8M$178K$53K
Pension plan contributionsLn 8$110K$98K$9K$3K
Other employee benefitsLn 9$672K$597K$58K$17K
Payroll taxesLn 10$154K$137K$13K$4K
Management feesLn 11a$0
Legal feesLn 11b$5K$5K$465$139
Accounting feesLn 11c$7K$6K$600$179
Lobbying feesLn 11d$100K$89K$9K$3K
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$1.1M$933K$98K$29K
Advertising and promotionLn 12$0
Office expensesLn 13$29K$26K$2K$736
Information technologyLn 14$19K$17K$2K$491
RoyaltiesLn 15$0
OccupancyLn 16$0
TravelLn 17$16K$14K$1K$397
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$13K$12K$1K$337
InterestLn 20$0
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$0
InsuranceLn 23$0
Other expenses (24a–d)Ln 24$10K$9K$894$267
Total functional expensesLn 25$4.5M$4.0M$382K$114K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $7.5M$7.1M$337K$252K 990 PDF
FY2023 $1.2M$4.2M−$3.0M−$186K 990 PDF
FY2022 $4.2M$4.6M−$443K$2.3M 990 PDF
FY2021 $3.9M$4.5M−$563K$3.7M 990 PDF
FY2020 Viewing $3.8M$4.5M−$653K$4.2M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2020 990 (5 parts)
Part I · Summary $3,803,777 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $3,646,366$3,719,988
I-9 Program service revenuePrior year $213,946$5,000
I-10 Investment incomePrior year $352,066$78,789
I-11 Other revenuePrior year $549$0
I-12 Total revenuePrior year $4,212,927$3,803,777
I-13 Grants and similar amounts paidPrior year $93,636$79,784
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $3,061,681$3,118,363
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $1,734,287$1,259,102
I-18 Total expensesPrior year $4,889,604$4,457,249
I-19 Revenue less expensesPrior year −$676,677−$653,472
Part VIII · Statement of revenue $3,803,777 across 12 lines filed
VIII-1b Membership dues$176,316
VIII-1d Related organizations$3,108,000
VIII-1e Government grants$1,619
VIII-1f All other contributions, gifts and grants$434,053
VIII-1h Total contributions, gifts and grants$3,719,988
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $5,000$5,000
VIII-3 Investment incomeExcluded from tax $55,515$55,515
VIII-5 Royalties$0
VIII-6 Net rental income or loss$0
VIII-7 Net gain or loss on sales of assetsExcluded from tax $23,274$23,274
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueRelated to mission $5,000 · Excluded from tax $78,789$3,803,777
Part IX · Statement of functional expenses $4,457,249 across 30 lines filed
IX-1 Grants to domestic organizationsPrograms $79,784$79,784
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staffPrograms $96,483 · Management $9,309 · Fundraising $2,779$108,571
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wagesPrograms $1,841,966 · Management $177,719 · Fundraising $53,055$2,072,740
IX-8 Pension plan contributionsPrograms $98,044 · Management $9,460 · Fundraising $2,824$110,328
IX-9 Other employee benefitsPrograms $597,412 · Management $57,640 · Fundraising $17,208$672,260
IX-10 Payroll taxesPrograms $137,266 · Management $13,244 · Fundraising $3,954$154,464
IX-11a Management fees$0
IX-11b Legal feesPrograms $4,822 · Management $465 · Fundraising $139$5,426
IX-11c Accounting feesPrograms $6,221 · Management $600 · Fundraising $179$7,000
IX-11d Lobbying feesPrograms $89,043 · Management $8,591 · Fundraising $2,565$100,199
IX-11e Professional fundraising fees$0
IX-11f Investment management fees$0
IX-11g Other fees for servicesPrograms $932,606 · Management $97,676 · Fundraising $29,162$1,059,444
IX-12 Advertising and promotion$0
IX-13 Office expensesPrograms $25,570 · Management $2,467 · Fundraising $736$28,773
IX-14 Information technologyPrograms $17,025 · Management $1,643 · Fundraising $491$19,159
IX-15 Royalties$0
IX-16 Occupancy$0
IX-17 TravelPrograms $13,780 · Management $1,330 · Fundraising $397$15,507
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetingsPrograms $11,708 · Management $1,130 · Fundraising $337$13,175
IX-20 Interest$0
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortization$0
IX-23 Insurance$0
IX-24 Other expenses (24a–d)Programs $9,258 · Management $894 · Fundraising $267$10,419
IX-25 Total functional expensesPrograms $3,960,988 · Management $382,168 · Fundraising $114,093$4,457,249
Part X · Balance sheet $5,413,020 assets, 24 lines filed
X-1 Cash, non-interest-bearingStart of year $0$0
X-2 Savings and temporary cash investmentsStart of year $3,521,052$1,694,306
X-3 Pledges and grants receivableStart of year $0$0
X-4 Accounts receivableStart of year $0$0
X-8 Inventories for sale or useStart of year $0$0
X-9 Prepaid expenses and deferred chargesStart of year $18,950$26,426
X-10c Land, buildings and equipment, netStart of year $0$0
X-11 Publicly traded securitiesStart of year $3,163,133$3,692,288
X-12 Other securitiesStart of year $0$0
X-13 Program-related investmentsStart of year $0$0
X-14 Intangible assetsStart of year $0$0
X-15 Other assetsStart of year $0$0
X-16 Total assetsStart of year $6,703,135$5,413,020
X-17 Accounts payable and accrued expensesStart of year $135,460$177,219
X-18 Grants payableStart of year $0$0
X-19 Deferred revenueStart of year $9,200$7,580
X-20 Tax-exempt bond liabilitiesStart of year $0$0
X-24 Unsecured notes and loans payableStart of year $0$0
X-25 Other liabilitiesStart of year $2,302,912$1,035,796
X-26 Total liabilitiesStart of year $2,447,572$1,220,595
X-27 Net assets without donor restrictionsStart of year $1,297,824$1,234,281
X-28 Net assets with donor restrictionsStart of year $2,957,739$2,958,144
X-32 Total net assets or fund balancesStart of year $4,255,563$4,192,425
X-33 Total liabilities and net assetsStart of year $6,703,135$5,413,020
Part XI · Reconciliation of net assets $4,192,425 net assets at year end
XI-1 Total revenue$3,803,777
XI-2 Total expenses$4,457,249
XI-3 Revenue less expenses−$653,472
XI-4 Net assets at start of year$4,255,563
XI-5 Net unrealized gains (losses) on investments$590,334
XI-10 Net assets at end of year$4,192,425

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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