BAD BETS INC

EIN: 813386477

ALEXANDRIA, VA

Total Revenue
$232,033
Total Expenses
$231,855
Total Assets
$55,937
Net Assets
$54,124
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Tuckman-Chang Vulnerability Assessment

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Financial Trends

Organization Details

Formation Year
2016
Legal Domicile
NJ
Principal Officer
Bill Cortese
Phone
5714827690
Tax Period
2018-01-01 to 2018-12-31

BAD BETS INC, founded in 2016, is a small nonprofit that reported $232K in total revenue in fiscal year 2018. Revenue decreased 19% compared to the prior year.

Mission

TO FURTHER THE COMMON GOOD AND GENERAL WELFARE OF THE CITIZENS OF THE PEOPLE OF NEW JERSEY AND THE UNITED STATES OF AMERICA BY ENGAGING IN EDUCATION AND ADVOCACY EFFORTS PERTAINING TO INCREASED CASINO GAMING IN THE STATE OF NEW JERSEY.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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

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Financial Overview (2018)

Revenue Breakdown

Contributions & Grants $232,000
Program Service Revenue $0
Investment Income $33
Other Revenue $0
TOTAL REVENUE $232,033

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $172,607
Other Expenses $231,855
TOTAL EXPENSES $231,855

Year-over-Year Comparison

2018 2017 Change
Revenue $232,033 $286,532 -0.2%
Expenses $231,855 $305,805 -0.2%
Net Income $178 $-19,273 -1.0%
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

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Liquidity & Cash Position

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Governance

Voting Members
3
Independent Members
3
Employees
N/A
Volunteers
N/A

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
3
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
PATTY ABRAHAMSEN DIRECTOR 0.5
Director
$0 $0 $0
GREG BALDERACCHI DIRECTOR & SECRETARY 0.5
Officer Director
$0 $0 $0
BOB MCDEVITT DIRECTOR 0.5
Director
$0 $0 $0
BILL CORTESE EXECUTIVE DIRECTOR 0.5
Officer
$0 $0 $0
CHRIS MARSTON TREASURER 0.5
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
2018 $232,033 $231,855 $55,937 $178
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