Nonprofit · EIN 46-2385457
FOUNDATION FOR A BETTER WORLD INC
Tax-exempt · MARIETTA, GA 30067
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-PF | $38,256,280 | $3,837,655 | $34,418,625 | $246,789,829 | $0 | $246,789,829 |
| December 31, 2023 | 990-PF | $47,243,255 | $3,728,152 | $43,515,103 | $235,351,588 | $0 | $235,351,588 |
Financial details: 990-PF for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $13,956,530
- Interest
- $248,769
- Net gain from sales of assets
- $12,414,714
- Other income
- $11,636,267
Expenses
- Grants and similar amounts paid
- $3,189,580
- Compensation of officers, directors and key employees
- $130,042
- Disbursements for charitable purposes
- $3,837,655
- Excise tax on investment income
- $337,767
Balance sheet and other
- Total assets, start of year
- $235,498,588
- Total assets, end of year
- $246,789,829
- Total liabilities, end of year
- $0
- Net assets, end of year
- $246,789,829
- Fair market value of assets
- $246,789,829
- Qualifying distributions
- $19,241,939
- Net investment income
- $24,299,750
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990-PF for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| KEVIN CHRISCO 1850 COTILION DRIVE APT 1203, ATLANTA, GA 30338 | PROGRAM ASSISTANT | 40 | $70,542 |
| ISABEL CADENA 1040 ASHEBROOKE WAY NORTHEAST, MARIETTA, GA 30068 | PROGRAM COORDINATOR | 40 | $59,500 |
| THOMAS CLAUGUS 3500 RIVERLY ROAD, ATLANTA, GA 30327 | DIRECTOR / VICE PRESIDENT | 1 | $0 |
| MELISSA CLAUGUS 3391 TUXEDO RD NW, ATLANTA, GA 30305 | DIRECTOR / SECRETARY | 1 | $0 |
| THOMAS CLAUGUS II 500 PARK LANE, MARIETTA, GA 30067 | DIRECTOR / TREASURER | 1 | $0 |
| GREGORY CLAUGUS 1670 N PELHAM RD NE, ATLANTA, GA 30324 | DIRECTOR | 1 | $0 |
| MICHAEL CLAUGUS 4726 ELIOTT STREET, DENVER, CO 80211 | DIRECTOR | 1 | $0 |
| ADAM HOFFMAN 418 COVENTRY ROAD, DECATUR, GA 30030 | PRESIDENT | 25 | $0 |
990-PF for the year ended December 31, 2023: 8 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| BEATRIZ ILLESCAS 1282 TIMBERLAND DRIVE, MARIETTA, GA 30067 | DIRECTOR / PRESIDENT | 40 | $146,667 |
| KEVIN CHRISCO 1850 COTILION DRIVE APT 1203, ATLANTA, GA 30338 | PROGRAM ASSISTANT | 40 | $24,110 |
| THOMAS CLAUGUS 1282 TIMBERLAND DRIVE, MARIETTA, GA 30067 | DIRECTOR / VICE PRESIDENT | 1 | $0 |
| MELISSA CLAUGUS 3391 TUXEDO RD NW, ATLANTA, GA 30305 | DIRECTOR / SECRETARY | 1 | $0 |
| THOMAS CLAUGUS II 500 PARK LANE, MARIETTA, GA 30067 | DIRECTOR / TREASURER | 1 | $0 |
| GREGORY CLAUGUS 217 LENNOX AVENUE, MENLO PARK, CA 94025 | DIRECTOR | 1 | $0 |
| MICHAEL CLAUGUS 4726 ELIOTT STREET, DENVER, CO 80211 | DIRECTOR | 1 | $0 |
| ADAM HOFFMAN 418 COVENTRY ROAD, DECATUR, GA 30030 | PROGRAM DIRECTOR | 25 | $0 |
Address and contacts
- Address (IRS master file)
- 1282 TIMBERLAND DR SE, MARIETTA, GA 30067-5123
- In care of
- % BEATRIZ ILLESCAS
- Signed the 990-PF
- ADAM HOFFMAN, PRESIDENT
- Phone
- (678) 358-5750
- Return prepared by
- PWC US TAX LLP
What it must file and when
IRS records say it files Form 990-PF. Private foundations file every year. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-PF on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-PF on file |
IRS record
- EIN
- 46-2385457
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Private non-operating foundation
- Donations deductible (Pub 78)
- Private foundation, 30% limit
- Exempt since
- 2013
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T22)
- Assets (IRS master file)
- $246,789,829
- Income (IRS master file)
- $38,256,280
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2024 | $38,256,280 | $3,837,655 | $246,789,829 | IRS |
| 990-PF | December 2023 | $47,243,255 | $3,728,152 | $235,351,588 | IRS |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-PF | December 2021 | – | – | – | IRS |
| 990-PF | December 2020 | – | – | – | IRS |
| 990-PF | December 2018 | – | – | – | IRS |
| 990-PF | December 2017 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 46-2385457).
Questions about FOUNDATION FOR A BETTER WORLD INC
- What is the EIN of FOUNDATION FOR A BETTER WORLD INC?
- The employer identification number (EIN) of FOUNDATION FOR A BETTER WORLD INC is 46-2385457.
- Is FOUNDATION FOR A BETTER WORLD INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2013.
- Are donations to FOUNDATION FOR A BETTER WORLD INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does FOUNDATION FOR A BETTER WORLD INC file?
- Form 990-PF. Private foundations file every year.
- When is the next return of FOUNDATION FOR A BETTER WORLD INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did FOUNDATION FOR A BETTER WORLD INC last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended December 2024.
- Who are the officers and directors of FOUNDATION FOR A BETTER WORLD INC?
- The 990-PF for the year ended December 31, 2024 lists 8 people; 2 received compensation from the organization, the highest $70,542 (KEVIN CHRISCO, PROGRAM ASSISTANT).
- How much revenue does FOUNDATION FOR A BETTER WORLD INC have?
- On its 990-PF for the year ended December 31, 2024 it reported revenue of $38,256,280, expenses of $3,837,655 and total assets of $246,789,829 at year end.
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