Better Tomorrow EIN 87-2086524 Form 990 (PDF) Claim this org

Better Tomorrow

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Better Tomorrow is a nonprofit organization based in Richmond, VA, formed in 2021. For fiscal year 2024 it reported $7.0M in revenue, $4.2M in expenses, and $3.8M in net assets.Pt I

Founded
2021
Type
Unknown exempt organization · Nonprofit
Location
Richmond, VA
Filings
4 on file (2021–2024)
Revenue
$7.0MFY2024
Expenses
$4.2M
Net assets
$3.8M
People
5
Filings
4
Updates
0
More identity details & actions ⌄
EIN  87-2086524 Unknown exempt organization Richmond, VA Founded 2021
Form 990 (PDF)
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Size
$1–10M
What they do
a nonprofit organization
Leadership
Hannah Huemme · Political Director · $141K
Money in and out
$7.0M revenue, $4.2M expenses
Bottom line
+40% surplus margin
Reported financial activity · FY2024
Total revenue
$7.0M
Pt VIII · Ln 12
Total expenses
$4.2M
Pt IX · Ln 25
Net assets
$3.8M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $2.8M
Where spending went · Part IX cols B–D
Program services $0.97 Management & general $0.03 Fundraising $0.00
Surplus margin
+40%
revenue over expenses, this year▲ +104% vs prior filing year
Program spending
97%
of expenses reach programs▲ +25% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$7.0M
FY2024▲ ×29
Expenses
$4.2M
FY2024▲ +45%
Total assets
$3.9M
FY2024▲ +267%
Total liabilities
$2K
FY2024
Total revenue
$7.0M
Pt VIII · Ln 12
Total expenses
$4.2M
Pt IX · Ln 25
Net assets
$3.8M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$2.8M
Total assetsPt X · Ln 16$3.9M
Program-expense ratioPt IX · col B97%
Voting members of governing bodyPt I · Ln 34
Independent voting membersPt I · Ln 44

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CBetter Tomorrow
EINHdr · item D87-2086524
Principal addressHdr · item CRichmond, VA
WebsiteHdr · item Jnone reported
Year of formationHdr · item L2021
State of legal domicileHdr · item MVA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFNonprofit
Ruling yearIRS BMFpending

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a4
Independent voting membersPt VI · Ln 1b4
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Political Director
$140,625Pt VII · Sec A
Presidentdirector
$0Pt VII · Sec A
Directorsecretary
$0Pt VII · Sec A
Directortreasurer
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2024FY2023
Hannah Huemme$140,625$145,173

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.

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Mission & Programs · Part III

Where the work happens

1 program service account for $4.1M of program spending, described in the organization's own filed words · FY2024.
01

Better Tomorrow engaged in nonpartisan voter registration and voter identification efforts and supported other 501(c)(4) and (c)(3) organizations advancing shared goals.

$4.1Mprogram expense

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Statement of Revenue

Part VIII
Contributions & grants100%$7.0M
Investment income$11K
Total revenueLn 12$7.0M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.97 Management & general $0.03 Fundraising $0.00
Program services97%$4.1M
Management & general3%$127K
Fundraising$16K
Total functional expensesLn 25$4.2M

Balance Sheet

Part X · end of year
CashLn 1$3.9M
Total assetsLn 16$3.9M
Total liabilitiesLn 26$2K
Total net assetsLn 32$3.8M
Months of cash on handcomputed10.9

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $3.9M · Operating expenses/yr $4.2M
10.9 months
Where the money goes
Program services
Program services $4.1M · Total expenses $4.2M
97%
Management & General
Management & general $127K · Total expenses $4.2M
3%
Fundraising
Fundraising $16K · Total expenses $4.2M
0.4%
Cost to raise $1
Fundraising expense (3-yr avg) $188K · Solicited contributions (3-yr avg) $5.3M
$0.04 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $7.0M · Total revenue $7.0M
100%
Government reliance
Government grants — · Total revenue $7.0M
Earned-income share
Program service revenue $0 · Total revenue $7.0M
0%
Investment reliance
Investment income $11K · Total revenue $7.0M
+0.2%
Program self-sufficiency
Program service revenue $0 · Total expenses $4.2M
0%
Growth & trend
Revenue growth (YoY)
This year $7.0M · Prior year $243K
×29
Net-asset trend (YoY)
End of year $3.8M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $7.0M · Expenses $4.2M
+40%
Liabilities-to-Assets
Total liabilities — · Total assets $3.9M
Net-asset ratio
Net assets $3.8M · Total assets $3.9M
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $3.9M
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Hannah Huemme · Reported title Political Director · Highest reported compensation $141K · Total expenses $4.2M
3%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $251K · Total expenses $4.2M
6%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 97%
Overhead ratio 3%
Fundraising cost ratio 0.2%
Revenue growth ×29
Legal fee ratio 0.7%
Accounting fee ratio 0.04%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · received and paid
Grants received · FY2024
Total grants receivedfrom 1 funder$6.9M
Grants paid · 13 grants · $5.8M · 2021–2023
American Encore INCAZ · FY2023$275,000
The Faithful in ActionWY · FY2023$125,000
Firebrand ActionVA · FY2023$12,500
Civic Voter EngagementVA · FY2022$2,466,762
American Encore INCAZ · FY2022$1,450,000
Over the Horizon ActionDC · FY2022$675,000
Bradley Impact Fund INCWI · FY2022$250,000
Firebrand ActionVA · FY2022$150,000
Donors Trust INCVA · FY2022$100,000
USA Women of ActionAZ · FY2022$25,000
Arizona Free Enterprise ClubAZ · FY2022$25,000
American Encore INCAZ · FY2021$146,250

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$7.0M revenue · viewing · ⤓ 990 PDF
FY2023$243K revenue · ⤓ 990 PDF
FY2022$8.9M revenue · ⤓ 990 PDF
FY2021$1.5M revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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