Nonprofit · EIN 64-0811138
BETTER LIFE FOUNDATION
Tax-exempt · JACKSON, MS 39202
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990-PF | $265,460 | $76,803 | $188,657 | $928,709 | $1,975 | $926,734 |
| December 31, 2024 | 990-PF | $302,113 | $48,388 | $253,725 | $740,052 | $1,975 | $738,077 |
Financial details: 990-PF for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $226,096
- Dividends
- $17,701
- Interest
- $44
- Net gain from sales of assets
- $21,619
Expenses
- Grants and similar amounts paid
- $62,000
- Compensation of officers, directors and key employees
- $0
- Disbursements for charitable purposes
- $62,000
- Excise tax on investment income
- $433
Balance sheet and other
- Total assets, start of year
- $740,052
- Total assets, end of year
- $928,709
- Total liabilities, end of year
- $1,975
- Net assets, end of year
- $926,734
- Fair market value of assets
- $1,541,427
- Qualifying distributions
- $62,000
- Net investment income
- $39,364
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, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| VAUGHAN W MCRAE 1515 North State Street, Jackson, MS 392021646 | PRESIDENT | 0 | $0 |
| NORA FRANCES MCRAE 1515 North State Street, Jackson, MS 392021646 | DIRECTOR | 0 | $0 |
| DOUGLAS VAUGHAN MCRAE 1515 North State Street, Jackson, MS 392021646 | DIRECTOR | 0 | $0 |
990-PF for the year ended December 31, 2024: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| VAUGHAN W MCRAE 1515 North State Street, Jackson, MS 392021646 | PRESIDENT | 0 | $0 |
| NORA FRANCES MCRAE 1515 North State Street, Jackson, MS 392021646 | DIRECTOR | 0 | $0 |
| DOUGLAS VAUGHAN MCRAE 1515 North State Street, Jackson, MS 392021646 | DIRECTOR | 0 | $0 |
Address and contacts
- Address (IRS master file)
- 1515 N STATE ST, JACKSON, MS 39202-1646
- In care of
- % VAUGHAN W MCRAE
- Signed the 990-PF
- VAUGHAN MCRAE, President
- Phone
- (601) 355-8086
- Return prepared by
- Forvis Mazars 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 | 990-PF 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
- 64-0811138
- 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
- 1993
- Accounting year ends
- December
- Files
- Form 990-PF
- Assets (IRS master file)
- $928,709
- Income (IRS master file)
- $818,729
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2025 | $265,460 | $76,803 | $928,709 | XML |
| 990-PF | December 2024 | $302,113 | $48,388 | $740,052 | IRS |
| 990-PF | December 2023 | $307,659 | $2,783 | $486,327 | IRS |
| 990-PF | January 2023 | – | – | – | IRS |
| 990-PF | January 2022 | – | – | – | IRS |
| 990-PF | January 2021 | – | – | – | IRS |
| 990-PF | January 2019 | – | – | – | 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 64-0811138).
Questions about BETTER LIFE FOUNDATION
- What is the EIN of BETTER LIFE FOUNDATION?
- The employer identification number (EIN) of BETTER LIFE FOUNDATION is 64-0811138.
- Is BETTER LIFE FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1993.
- Are donations to BETTER LIFE FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does BETTER LIFE FOUNDATION file?
- Form 990-PF. Private foundations file every year.
- When is the next return of BETTER LIFE FOUNDATION due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did BETTER LIFE FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended December 2025.
- Who are the officers and directors of BETTER LIFE FOUNDATION?
- The 990-PF for the year ended December 31, 2025 lists 3 people; 0 received compensation from the organization.
- How much revenue does BETTER LIFE FOUNDATION have?
- On its 990-PF for the year ended December 31, 2025 it reported revenue of $265,460, expenses of $76,803 and total assets of $928,709 at year end.
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