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EIN 82-3083483

BetterFi

IRS 501(c) type
501(c)(3)
Num. employees
2
City
Coalmont
State
Tennessee
Year formed
2017
Most recent tax filings
2023-12-01
NTEE code, primary
P50: Personal Social Services
Description
BetterFi offers relief to the poor, distressed, and underprivileged by providing affordable financial products and services, as well as financial education and coaching services. The organization provides financial assistance to low-income individuals through new and refinanced consumer loans that feature lower interest rates and longer payoffs. Additionally, BetterFi offers free income tax filing services and coaching to help individuals improve their budgeting skills.
Total revenues
$136,745
2023
Total expenses
$237,304
2023
Total assets
$369,377
2023
Num. employees
2
2022

Program areas at BetterFi

Provided financial assistance to low-income individuals through new & refinanced consumer loans offering lower interest rates and longer payoff. We offer free income tax filing as well as coaching for better budgeting of personal finances.

Who funds BetterFi

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Bobby Stone FoundationTo Support Betterfi Expansion To Chattanooga, TN$25,764
Community Foundation of Greater Chattanooga (CFGC)Unrestricted$25,000
The Cartinhour-Woods FoundationOperating Funds$5,000
...and 1 more grant received

Personnel at BetterFi

NameTitleCompensation
Jerry ServedPresident and Chief Executive Officer
Sam ShawExecutive Director and Founder
Jay FisherDirector$0
Augustine HoschExecutive Director$58,096
Nicky HamiltonCommunity Development Director

Financials for BetterFi

RevenuesFYE 12/2023
Total grants, contributions, etc.$112,566
Program services$24,179
Membership dues$0
Investment income and dividends$0
Net gain from sale of non-inventory assets$0
Net income from gaming activities and fundraising events, combined$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$136,745

Form 990s for BetterFi

Fiscal year endingDate received by IRSFormPDF link
2023-122024-08-19990EZView PDF
2022-122023-08-31990View PDF
2021-122022-10-07990View PDF
2020-122021-11-15990EZView PDF
2019-122021-05-18990EZView PDF
...and 2 more Form 990s
Data update history
September 28, 2024
Posted financials
Added Form 990EZ for fiscal year 2023
September 23, 2024
Updated personnel
Identified 3 new personnel
January 3, 2024
Received grants
Identified 1 new grant, including a grant for $25,000 from Community Foundation of Greater Chattanooga (CFGC)
December 24, 2023
Received grants
Identified 1 new grant, including a grant for $5,000 from The Cartinhour-Woods Foundation
November 9, 2023
Posted financials
Added Form 990 for fiscal year 2022
Nonprofit Types
Human service organizationsFamily service centersCharities
Issues
Human services
Characteristics
Partially liquidatedState / local levelReceives government fundingTax deductible donationsAccepts online donations
General information
Address
PO Box 27
Coalmont, TN 37313
County
Grundy County, TN
Website URL
betterfi.co/ 
Phone
(931) 313-9942
IRS details
EIN
82-3083483
Fiscal year end
December
Taxreturn type
Form 990-EZ
Year formed
2017
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
P50: Personal Social Services
NAICS code, primary
522120: Savings Institutions
Parent/child status
Independent
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