BETTER WORLD FUND INC

EIN: 582366765 501(c)(3) International Affairs

WASHINGTON, DC

Total Revenue
$7,472,245
Total Expenses
$7,135,545
Total Assets
$8,659,557
Net Assets
$251,561
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1998
Legal Domicile
GA
Principal Officer
SHENAE BURGESS
Phone
2028879040
Tax Period
2024-01-01 to 2024-12-31

BETTER WORLD FUND INC, founded in 1998, is a community nonprofit in the International Affairs sector that reported $7.5M in total revenue in fiscal year 2024. Revenue surged 507% from the prior year, signaling strong growth momentum. Expenses of $7.1M left a modest 5% surplus.

Mission

BOARD MEMBERS AND THEIR SPOUSES WERE REIMBURSED FOR AIRFARE, HOTEL, MEALS, AND INCIDENTAL TAXIS OR OTHER TRANSPORTATION WHEN ATTENDING BOARD MEETINGS OR TRAVELING ON BEHALF OF THE FUND, AS MAY BE REQUESTED BY THE CHAIRMAN OR PRESIDENT FROM TIME TO TIME.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $7,214,419
Program Service Revenue $0
Investment Income $257,826
Other Revenue $0
TOTAL REVENUE $7,472,245

Expense Breakdown

Grants Paid $10,000
Salaries & Benefits $4,369,189
Fundraising Expenses $345,204
Program Expenses $5,564,582
Other Expenses $2,756,356
TOTAL EXPENSES $7,135,545

Year-over-Year Comparison

2024 2023 Change
Revenue $7,472,245 $1,230,104 +5.1%
Expenses $7,135,545 $4,246,897 +0.7%
Net Income $336,700 $-3,016,793 -1.1%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

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Liquidity & Cash Position

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Governance

Voting Members
7
Independent Members
6
Employees
13
Volunteers
11

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
6
$1,244,840
Total Directors
7
$507,474
Key Employees
1
$384,444
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ELIZABETH COUSENS PRESIDENT & CEO 6.0
Officer Director
$68,394 $51,515 $507,474
HENRY F DE SIO JR CHIEF OPERATING OFFICER 6.0
Officer
$53,870 $51,944 $411,074
DAVID OHANA CHIEF COMMN. OFFICER 6.0
Key Emp
$55,158 $16,724 $384,444
PETER YEO PRESIDENT OF BWC & SR. VP 40.0
Highest
$321,328 $40,112 $361,440
SHENAE BURGESS CHIEF FINANCIAL OFFICER 6.0
Officer
$44,781 $27,748 $326,292
GEORGE HANNUM EXEC DIR BWC, SR DIR US-UN REL 40.0
Highest
$175,563 $45,584 $221,147
MICAH SPANGLER SR DIR, ADVOC. & EXT REL., BWC 40.0
Highest
$153,205 $32,491 $185,696
BRIAN MASSA DIR,GLOB HLTH ADV.,IMM. & GHS 40.0
Highest
$137,644 $41,300 $178,944
VINCENT VALDMANIS DIRECTOR 40.0
Highest
$128,013 $30,787 $158,800
RE TURNER CHAIRMAN 5.0
Officer Director
$0 $0 $0
TIMOTHY E WIRTH DIRECTOR & VICE CHAIR 5.0
Officer Director
$0 $0 $0
FABIO C BARBOSA DIRECTOR 5.0
Director
$0 $0 $0
NR NARAYANA MURTHY DIRECTOR 5.0
Director
$0 $0 $0
KATHRYN CALVIN WALTERS DIRECTOR 5.0
Director
$0 $0 $0
LAURA TURNER SEYDEL DIRECTOR 5.0
Director
$0 $0 $0
RUTHERFORD SEYDEL SECRETARY 5.0
Officer
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $7,472,245 $7,135,545 $8,659,557 $336,700
2023 $1,230,104 $4,246,897 $6,842,724 $-3,016,793
2022 $4,201,537 $4,644,859 $7,503,700 $-443,322
2021 $3,925,019 $4,488,355 $6,993,265 $-563,336
2020 $3,803,777 $4,457,249 $5,413,020 $-653,472
2019 $4,212,927 $4,889,604 $6,703,135 $-676,677
2018 $5,591,780 $5,206,350 $4,921,687 $385,430
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