Better Way Foundation Inc in Minnetonka, Minnesota (MN)
Table of contents:
- Overview
- Detailed Reports
- Analysis of Revenue and Expenses
- Balance Sheets
- Capital Gains and Losses for Tax on Investment Income
- Excise Tax Based on Investment Income
- Statements Regarding Activities
- Statements Regarding Activities for Which Form 4720 May Be Required
- Minimum Investment Return
- Distributable Amount
- Undistributed Income
- Private Operating Foundations
- Unrelated Trade or Business Income
- Deductions Not Taken Elsewhere
- Other organizations in Minnesota
| Better Way Foundation Inc | |
| Employer Identification Number (EIN) | 411795984 |
| Name of Organization | Better Way Foundation Inc |
| In Care of Name | Alder Management |
| Address | 10350 Bren Rd W, Minnetonka, MN 55343-9014 |
| Activities | Gifts, grants, or loans to other organizations |
| Subsection | Charitable Organization |
| Ruling Date | 12/1994 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Corporation |
| Tax Period | 12/2012 |
| Assets | $10,000,000 to $49,999,999 |
| Income | $1,000,000 to $4,999,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $32,958,633 |
| Amount of Income | $2,894,278 |
| Form 990 Revenue Amount | $469,359 |
Non-representatives - add comments:
Revenue for 2012
Expenses for 2012
Assets for 2012
| Analysis of Revenue and Expenses (for 2012) | ||||
| Revenue and expenses per books | Net investment income | Adjusted net income | Disbursements for charitable purposes (cash basis only) | |
|---|---|---|---|---|
| Total revenue | $2,894,278 | $2,114,346 | $0 | |
| Contributions, gifts, grants, etc., received | $0 | |||
| Interest on savings and temporary cash investments | $346 | |||
| Dividends and interest from securities | $0 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $2,893,932 | |||
| Total expenses and disbursements | $1,592,994 | $375,521 | $0 | $1,564,979 |
| Compensation of officers, directors, trustees, etc. | $0 | |||
| Total operating and administrative expenses | $299,338 | $375,521 | $271,323 | |
| Contributions, gifts, grants paid | $1,293,656 | |||
| Excess of revenue over expenses and disbursements | $1,301,284 | |||
| Net investment income | $1,738,825 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $32,958,633 | $32,958,633 |
| Cash - non-interest-bearing | $0 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $0 | |
| Investments-corporate bonds | $0 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $32,377,061 | |
| Other | $581,572 | |
| Total liabilities | $0 | |
| Total liabilities and net assets/fund balances | $32,958,633 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $0 |
| Net capital loss | $0 |
| Excise Tax Based on Investment Income (for 2012) | |
| Domestic foundations that meet the section 4940(e) requirements (for Reduced Tax on Net Investment Income) | No |
| Tax based on investment income | $34,777 |
| Total credits and payments | $49,432 |
| 2012 estimated tax payments and 2011 overpayment credited to 2012 | $24,432 |
| Exempt foreign organizations-tax withheld at source | $0 |
| Tax paid with application for extension of time to file (Form 8868) | $25,000 |
| Backup withholding erroneously withheld | $0 |
| Any penalty for underpayment of estimated tax | $329 |
| Tax due | $0 |
| Overpayment | $14,326 |
| Amount to be credited to 2013 estimated tax | $14,326 |
| Statements Regarding Activities (for 2012) | |
| During the tax year, did the foundation attempt to influence any national, state, or local legislation or did it participate or intervene in any political campaign? | No |
| Was there a liquidation, termination, dissolution, or substantial contraction during the year? | No |
| Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3) or 4942(j)(5) for calendar year 2012 or the taxable year beginning in 2012? | No |
| Statements Regarding Activities for Which Form 4720 May Be Required (for 2012) | |
| During the year did the foundation (either directly or indirectly): | |
| Engage in the sale or exchange, or leasing of property with a disqualified person? | No |
| Borrow money from, lend money to, or otherwise extend credit to (or accept it from) a disqualified person? | No |
| Furnish goods, services, or facilities to (or accept them from) a disqualified person? | Yes |
| Pay compensation to, or pay or reimburse the expenses of, a disqualified person? | Yes |
| Transfer any income or assets to a disqualified person (or make any of either available for the benefit or use of a disqualified person)? | No |
| Agree to pay money or property to a government official? | No |
| At the end of tax year 2012, did the foundation have any undistributed income for tax year(s) beginning before 2012? | No |
| Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at any time during the year? | No |
| Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes? | No |
| During the year did the foundation pay or incur any amount to: | |
| Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? | No |
| Influence the outcome of any specific public election (see section 4955); or to carry on, directly or indirectly, any voter registration drive? | No |
| Provide a grant to an individual for travel, study, or other similar purposes? | No |
| Provide a grant to an organization other than a charitable, etc., organization described in section 509(a)(1), (2), or (3), or section 4940(d)(2)? | Yes |
| Provide for any purpose other than religious, charitable, scientific, literary, or educational purposes, or for the prevention of cruelty to children or animals? | No |
| Minimum Investment Return (for 2012) | |
| Fair market value of assets not used (or held for use) directly in carrying out charitable, etc., purposes | $32,641,087 |
| Net value of noncharitable-use assets | $32,151,480 |
| Minimum investment return | $1,607,574 |
| Distributable Amount (for 2012) | |
| Distributable amount | $1,563,119 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $1,563,119 |
| Undistributed income for 2012. This amount must be distributed in 2013 | $1,540,967 |
| Private Operating Foundations (for 2012) | |||||
| 2012 | 2011 | 2010 | 2009 | Total | |
|---|---|---|---|---|---|
| The lesser of the adjusted net income or the minimum investment return | $0 | $0 | $0 | $0 | $0 |
| Qualifying distributions made directly for active conduct of exempt activities | $0 | $0 | $0 | $0 | $0 |
| Value of all assets | $0 | $0 | $0 | $0 | $0 |
| Value of assets qualifying under section 4942(j)(3)(B)(i) | $0 | $0 | $0 | $0 | $0 |
| 2/3 of minimum investment return | $0 | $0 | $0 | $0 | $0 |
| Total support other than gross investment income (interest, dividends, rents, payments on securities loans (section 512(a)(5)), or royalties) | $0 | $0 | $0 | $0 | $0 |
| Support from general public and 5 or more exempt organizations as provided in section 4942(j)(3)(B)(iii) | $0 | $0 | $0 | $0 | $0 |
| Gross investment income | $0 | $0 | $0 | $0 | $0 |
| Unrelated Trade or Business Income (for 2008) | |||
| Income | Expenses | Net | |
|---|---|---|---|
| Total | $349 | $0 | $13,349 |
| Gross receipts or sales less returns and allowances | $0 | $0 | $0 |
| Cost of goods sold | $0 | $0 | $0 |
| Gross profit | $0 | $0 | $0 |
| Capital gain net income | $0 | $0 | $0 |
| Net gain | $0 | $0 | $0 |
| Capital loss deduction for trusts | $0 | $0 | $0 |
| Income (loss) from partnerships and S corporations | $13,349 | $14 | $13,349 |
| Rent income | $0 | $0 | $0 |
| Unrelated debt-financed income | $0 | $0 | $0 |
| Interest, annuities, royalties, and rents from controlled organizations | $0 | $0 | $0 |
| Investment income of a section 501(c)(7), (9), or (17) organization | $0 | $0 | $0 |
| Exploited exempt activity income | $0 | $0 | $0 |
| Advertising income | $0 | $0 | $0 |
| Other income | $0 | $0 | $0 |
| Deductions Not Taken Elsewhere (for 2008) | |
| Total deductions | $16,404 |
| Compensation of officers, directors, and trustees | $0 |
| Salaries and wages | $0 |
| Repairs and maintenance | $0 |
| Bad debts | $0 |
| Interest | $0 |
| Taxes and licenses | $0 |
| Charitable contributions | $0 |
| Depreciation | $0 |
| Depletion | $0 |
| Contributions to deferred compensation plans | $0 |
| Employee benefit programs | $0 |
| Excess exempt expenses | $0 |
| Excess readership costs | $0 |
| Other deductions | $16,404 |
| Unrelated business taxable income | $3,055 |
| Unrelated business taxable income before net operating loss deduction | $3,055 |
| Net operating loss deduction | $0 |
| Unrelated business taxable income before specific deduction | $3,055 |
| Specific deduction | $1,000 |
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| Other organizations in Minnesota | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Barnesville Booster Club Inc | PO BOX 334, Barnesville, MN 56514-0334 | MN | 1988-10 | $771,120 |
| 2 | Baseball Association 191 | 13400 Oliver Ave S, Burnsville, MN 55337-2064 | MN | 2000-05 | $874,456 |
| 3 | Becker Youth Sports Association | PO BOX 85, Becker, MN 55308-0085 | MN | 2000-10 | $758,579 |
| 4 | Becker-Big Lake Ice Association | Po Box 129, Big Lake, MN 55309-0129 | MN | 2014-07 | $0 |
| 5 | Bedlam Theatre | 2637 27th Ave, Minneapolis, MN 55406-1565 | MN | 1995-01 | $703,875 |
| 6 | Belle Plaine Friends Of The Library | 701 W Church St, Belle Plaine, MN 56011 | MN | 1994-06 | $677,695 |
| 7 | Beltrami Humane Society | 1612 Carr Lake Rd Se, Bemidji, MN 56601-9811 | MN | 1987-03 | $163,250 |
| 8 | Bemidji Youth Hockey Association Inc | PO BOX 1141, Bemidji, MN 56619-1141 | MN | 1980-11 | $548,034 |
| 9 | Benton County Agricultural Society | PO BOX 118, Sauk Rapids, MN 56379-0118 | MN | 2008-12 | $579,454 |
| 10 | Benton County Fairgrounds Arena Assoc | 1410 3rd Ave So Centon County Fair, Sauk Rapids, MN 56379 | MN | 1982-06 | $187,725 |
| 11 | Better Way Foundation Inc | 10350 Bren Rd W, Minnetonka, MN 55343-9014 | MN | 1994-12 | $2,894,278 |
| 12 | Beverly Foundation | 1660 Highway 100 S Ste 230, Minneapolis, MN 55416-1557 | MN | 2000-09 | $3,376,379 |
| 13 | Blacklock Nature Sanctuary | PO BOX 426, Moose Lake, MN 55767-0426 | MN | 1995-01 | $11,319 |
| 14 | Bloomington Civic Theatre | 1800 W Old Shakopee Rd, Bloomington, MN 55431-3071 | MN | 1961-07 | $674,446 |
| 15 | Blue Line Club | PO BOX 312, Rl Falls, MN 56750-0312 | MN | 1984-07 | $669,918 |
| 16 | Blue Mound Area Theatre | PO BOX 541, Luverne, MN 56156-0541 | MN | 1980-05 | $245,498 |
| 17 | Bolder Options | 2100 Stevens Ave, Minneapolis, MN 55404-2533 | MN | 1998-11 | $895,100 |
| 18 | Bowlus Volunteer Fire Department, Bowlus Firemens Relief Assocation | 212 Main Street, Bowlus, MN 56314 | MN | 1997-07 | $447,080 |
| 19 | Boxers Workout Gym, Central Mn Athletic Training Ctr | 220 7th Ave S, Saint Cloud, MN 56301-4309 | MN | 1999-02 | $140,204 |
| 20 | Boyd Firemans Relief Assn | PO BOX 95, Boyd, MN 56218-0095 | MN | 1998-01 | $321,150 |
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