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EIN 36-3608625

Better Way Foundation

IRS 501(c) type
501(c)(3)
Num. employees
1
City
Minneapolis
State
Minnesota
Year formed
1988
Most recent tax filings
2023-12-01
NTEE code, primary
T20: Private Foundations
Description
The Better Way Foundation is a private foundation located in Minneapolis, MN that made 38 grants last year. Grantees include St Catherine University. Trustees are Sarah Rauenhorst, Andreas Hipple, Nat Robinson.
Also known as...
Sieben Foundation
Total revenues
$5,095,584
2023
Total expenses
$3,617,435
2023
Total assets
$68,241,414
2023
Num. employees
1
2023

Grants made by Better Way Foundation

GranteeGrant descriptionAmount
University of Notre DameAmerican Indian Catholic Schools Network (Aicsn) Support 2020-2024$183,000
Hearts GatheredBuilding for the Future$150,000
Montessori American Indian Childcare CenterContinuity, Growth & Vision$100,000
...and 27 more grants made totalling $1,242,475

Personnel at Better Way Foundation

NameTitleCompensation
Nicholas BanovetzExecutive Director$40,879
Mercedes PlendlProgram Manager
Kristen GrubbTax Officer$11,845
Jan Andreas HippleVice President$208,755

Financials for Better Way Foundation

RevenuesFYE 12/2023
Total grants, contributions, etc.$0
Investment income and dividends$450,176
Net rental income$0
Net gain from sale of non-inventory assets$-115,211
Gross sales of inventory$0
Miscellaneous revenues$4,760,619
Total revenues$5,095,584

Form 990s for Better Way Foundation

Fiscal year endingDate received by IRSFormPDF link
2023-122024-11-08990PFView PDF
2022-122023-11-08990PFView PDF
2021-122022-11-13990PFView PDF
2020-122021-11-12990PFView PDF
2019-122021-06-11990PFView PDF
...and 9 more Form 990s

Organizations like Better Way Foundation

OrganizationLocationRevenue
The Hoglund FoundationDallas, TX$7,498,826
Mary J Hutchins FoundationNew York, NY$2,572,740
The Huntington-Akron FoundationColumbus, OH$2,302,568
Safelite Charitable FoundationColumbus, OH$4,639,433
Trull FoundationPalacios, TX$1,422,278
R J Mcelroy TrustWaterloo, IA$4,204,697
Companion FoundationCharleston, SC$5,916,273
Dohmen Company FoundationMilwaukee, WI$8,416,552
Douglas B Marshall Jr Family FoundationHouston, TX$2,743,062
Harry A. & Margaret D. Towsley FoundationAnn Arbor, MI$3,420,374
Data update history
January 11, 2024
Posted financials
Added Form 990PF for fiscal year 2022
January 10, 2024
Updated personnel
Identified 3 new personnel
December 28, 2023
Used new vendors
Identified 1 new vendor, including
September 3, 2023
Updated personnel
Identified 5 new personnel
July 28, 2023
Posted financials
Added Form 990PF for fiscal year 2021
Nonprofit Types
Grantmaking organizationsPrivate foundationsFamily foundationsPrivate non-operating foundationsCharities
Issues
No issues found
Characteristics
Provides grantsPartially liquidatedState / local levelTax deductible donationsNo full-time employeesAccepts online donations
General information
Address
60 S 6th St Ste 2950
Minneapolis, MN 55402
Metro area
Minneapolis-St. Paul-Bloomington, MN-WI
County
Hennepin County, MN
Website URL
betterwayfoundation.org/ 
Phone
(612) 440-2500
IRS details
EIN
36-3608625
Fiscal year end
December
Taxreturn type
Form 990-PF
Year formed
1988
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
T20: Private Foundations
NAICS code, primary
813211: Grantmaking Foundations
Parent/child status
Independent
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