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Nonprofit · EIN 81-2319758

FUND FOR A BETTER FUTURE INC

Tax-exempt · SACRAMENTO, CA 95814

Financials

$41.7M$41.4M2023$7.7M$14.2M2024
Revenue Expenses · by fiscal year end
Financials of FUND FOR A BETTER FUTURE INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$7,686,017$14,171,510-$6,485,493$14,079,455$824,499$13,254,956
December 31, 2023990$41,718,209$41,402,425$315,784$25,095,166$5,354,717$19,740,449
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$7,633,000
Program service revenue
$1,623
Investment income
$51,394
Other revenue
$0

Expenses

Grants and similar amounts paid
$10,736,382
Compensation of officers, directors and key employees
$169,504
Other salaries and wages
$684,802
Salaries, compensation and benefits (total)
$1,023,639
Professional fundraising fees
$636
Legal fees
$68,903
Accounting fees
$26,843
Occupancy
$12,048
Travel
$35,801
Depreciation
$4,059
Program services (functional)
$13,745,095
Management and general (functional)
$398,280
Fundraising (functional)
$28,135

Balance sheet and other

Total assets, start of year
$25,095,166
Total assets, end of year
$14,079,455
Total liabilities, end of year
$824,499
Net assets, end of year
$13,254,956
Net assets without donor restrictions
$1,636,056
Net assets with donor restrictions
$11,618,900
Gross receipts
$7,686,017
Employees
68
Volunteers
5
Year formed
2015
State of legal domicile
DE

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 for the year ended December 31, 2024, highest compensation first.

NameTitleHours / weekCompensationFrom related orgsOther / benefits
AVI GARBOW SEE SCH ODIRECTOR & PRESIDENT (END 10/2024)
Officer
3$51,095$19,632$4,192
ROSINA BUGARIN SEE SCH OTREASURER & CFO
Officer
5$41,730$21,926$9,984
MATTHEW ARMSBY SEE SCH OVP & INTERIM PRES. (BEG 10/2024)
Officer
5$38,924$1,680$4,828
HELENA CHOI SEE SCH OSECRETARY & VICE PRESIDENT
Officer
3$20,181$6,318$4,428
JASON BURNETTDIRECTOR & CHAIR
Trustee or director, Officer
1$0$0$0
CHRISTOPHER J ELLIMANDIRECTOR
Trustee or director
1$0$0$0
MARTHA KONGSGAARDDIRECTOR
Trustee or director
1$0$0$0
PRESTON PINKETT IIIDIRECTOR
Trustee or director
1$0$0$0
MELISSA ROYDIRECTOR
Trustee or director
1$0$0$0
990 for the year ended December 31, 2023: 8 people
NameTitleHours / weekCompensationFrom related orgs
AVI GARBOW SEE SCH ODIRECTOR AND PRESIDENT
Trustee or director, Officer
2$68,525$29,531
ROSINA BUGARIN SEE SCH OTREASURER & CHIEF FINANCIAL OFFICER
Officer
2$31,727$15,039
HELENA CHOI SEE SCH OSECRETARY AND VICE PRESIDENT
Officer
1$7,519$3,038
JASON BURNETTDIRECTOR AND CHAIR
Trustee or director, Officer
1$0$0
CHRISTOPHER J ELLIMANDIRECTOR
Trustee or director
1$0$0
MARTHA KONGSGAARDDIRECTOR
Trustee or director
1$0$0
PRESTON PINKETT IIIDIRECTOR
Trustee or director
1$0$0
MELISSA ROYDIRECTOR
Trustee or director
1$0$0

Address and contacts

Address (IRS master file)
400 CAPITOL MALL STE 2650, SACRAMENTO, CA 95814-4410
In care of
% PHILIP GINSBURG
Mailing address (990-N for 2015)
555 Capitol Mall Suite 1095, Sacramento CA 95814
Principal officer (990 for 2024)
MATTHEW ARMSBY, 400 CAPITOL MALL 2150, SACRAMENTO, CA 95814
Principal officer (990-N for 2015)
Michael Mantell, 555 Capitol Mall Suite 1095, Sacramento CA 95814
Signed the 990
MATTHEW ARMSBY, INTERIM PRESIDENT
Phone
(916) 442-5057
Return prepared by
GELMAN ROSENBERG & FREEDMAN

California records

California keeps its own records of charities and corporations. Search them by EIN 81-2319758 or by the name FUND FOR A BETTER FUTURE INC.

Attorney General, Registry of Charities and Fundraisers
Registration status and filed reports (CT-TR-1, RRF-1)

Mission

FUND FOR A BETTER FUTURE INC.'S MISSION IS TO PROMOTE THE COMMON GOOD BY UPHOLDING DEMOCRATIC VALUES, PROTECTING THE ENVIRONMENT, PROMOTING HEALTH, AND ADVANCING SOCIAL EQUITY.

990 for the year ended December 31, 2024

Program accomplishments

  • DURING 2024, THE FUND FOR A BETTER FUTURE INC. (FBF) PROVIDED GRANTS TO ORGANIZATIONS ADVANCING SOLUTIONS TO CLIMATE CHANGE, ADDRESSING DISPARITIES IN PUBLIC HEALTH, AND PROTECTING THE ENVIRONMENT. AS A FISCAL SPONSOR, FBF ALSO PROVIDED ADMINISTRATIVE (HUMAN RESOURCES, LEGAL, FINANCIAL, TECHNOLOGY) SERVICES TO PROJECTS FOCUSED ON ENVIRONMENTAL AND SOCIAL CAUSES.
    Expenses $13,745,095 · grants $10,736,382 · revenue $1,623

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
81-2319758
Tax-exempt status
501(c)(4): Social welfare organization
Donations deductible
No
Exempt since
2017
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$14,079,455
Income (IRS master file)
$7,686,017

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$7,686,017$14,171,510$14,079,455XML
990December 2023$41,718,209$41,402,425$25,095,166XML
990December 2022$56,813,604$48,272,228$20,878,438IRS
990December 2021–––IRS
990December 2020–––IRS
990-N for 2015
Officer: Michael Mantell
December 31, 2015≤ $50,000 receipts––e-Postcard

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 81-2319758).

Questions about FUND FOR A BETTER FUTURE INC

What is the EIN of FUND FOR A BETTER FUTURE INC?
The employer identification number (EIN) of FUND FOR A BETTER FUTURE INC is 81-2319758.
Is FUND FOR A BETTER FUTURE INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(4) since 2017.
Are donations to FUND FOR A BETTER FUTURE INC tax-deductible?
No. The IRS master file says contributions to it are not deductible.
Which annual return does FUND FOR A BETTER FUTURE INC file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of FUND FOR A BETTER FUTURE 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 FUND FOR A BETTER FUTURE INC last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of FUND FOR A BETTER FUTURE INC?
The 990 for the year ended December 31, 2024 names MATTHEW ARMSBY.
Who are the officers and directors of FUND FOR A BETTER FUTURE INC?
The 990 for the year ended December 31, 2024 lists 9 people; 4 received compensation from the organization, the highest $51,095 (AVI GARBOW SEE SCH O, DIRECTOR & PRESIDENT (END 10/2024)).
How much revenue does FUND FOR A BETTER FUTURE INC have?
On its 990 for the year ended December 31, 2024 it reported revenue of $7,686,017, expenses of $14,171,510 and total assets of $14,079,455 at year end.

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