Nonprofit · EIN 63-1198327
BETTER PLACE FOUNDATION
Tax-exempt · IRONDALE, AL 35210
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-PF | $1,909,958 | $1,508,951 | $401,007 | $11,934,287 | $3,250,677 | $8,683,610 |
Financial details: 990-PF for the year ended December 31, 2024
Revenue
- Dividends
- $196,399
- Interest
- $242
- Net rental income
- -$205,660
- Net gain from sales of assets
- $1,725,293
- Other income
- -$101,327
Expenses
- Grants and similar amounts paid
- $883,300
- Compensation of officers, directors and key employees
- $0
- Disbursements for charitable purposes
- $923,759
- Excise tax on investment income
- $18,426
Balance sheet and other
- Total assets, start of year
- $11,019,181
- Total assets, end of year
- $11,934,287
- Total liabilities, end of year
- $3,250,677
- Net assets, end of year
- $8,683,610
- Fair market value of assets
- $14,699,640
- Qualifying distributions
- $923,759
- Net investment income
- $1,905,880
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 |
|---|---|---|---|
| WILLIAM T RATLIFF III 1900 CRESTWOOD BOULEVARD SUITE 300, BIRMINGHAM, AL 35210 | PRES/TREAS/DIRECTOR | 1 | $0 |
| CARL A LESSMAN 1900 CRESTWOOD BOULEVARD SUITE 300, BIRMINGHAM, AL 35210 | DIRECTOR | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 1900 CRESTWOOD BLVD STE 300, IRONDALE, AL 35210-2057
- In care of
- % WILLIAM T RATLIFF JR
- Signed the 990-PF
- CARL LESSMAN, DIRECTOR
- Phone
- (205) 951-4479
- Return prepared by
- SOVEREIGN CPA GROUP LLC
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
- 63-1198327
- 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
- 1998
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T90Z)
- Assets (IRS master file)
- $11,934,287
- Income (IRS master file)
- $5,913,021
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2024 | – | – | – | IRS |
| 990-T | December 2024 | – | – | – | IRS |
| 990-PF | December 2023 | $1,075,075 | $1,253,514 | $11,019,181 | IRS |
| 990-T | December 2023 | – | – | – | IRS |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-T | December 2022 | – | – | – | IRS |
| 990-PF | December 2021 | – | – | – | IRS |
| 990-T | December 2021 | – | – | – | IRS |
| 990-PF | December 2020 | – | – | – | IRS |
| 990-T | December 2020 | – | – | – | IRS |
| 990-PF | December 2018 | – | – | – | IRS |
990-N: the IRS publishes only the latest e-Postcard per organization; earlier years appear here as 990.tax collects the monthly files. 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.
Questions about BETTER PLACE FOUNDATION
- What is the EIN of BETTER PLACE FOUNDATION?
- The employer identification number (EIN) of BETTER PLACE FOUNDATION is 63-1198327.
- Is BETTER PLACE FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1998.
- Are donations to BETTER PLACE FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does BETTER PLACE FOUNDATION file?
- Form 990-PF. Private foundations file every year.
- When is the next return of BETTER PLACE FOUNDATION 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 BETTER PLACE FOUNDATION 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 BETTER PLACE FOUNDATION?
- The 990-PF for the year ended December 31, 2024 lists 2 people; 0 received compensation from the organization.
- How much revenue does BETTER PLACE FOUNDATION have?
- On its 990-PF for the year ended December 31, 2024 it reported revenue of $1,909,958, expenses of $1,508,951 and total assets of $11,934,287 at year end.
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