BETTER FUTURE FOUNDATION: Form 990PF, tax year 2025

View the entire original 990 at ProPublica ↗

Organization
BETTER FUTURE FOUNDATION (EIN 87-3032103)
Tax period
2025-01-01 to 2025-12-31
Filed
2026-05-01
IRS object ID
202611219349100026
Schema version
2025v4.1
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2026-05-01T11:04:21-05:00ReturnTs
Tax Period End2025-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1Foundation SourceBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line13333 New Hyde Park Rd Ste 406AddressLine1Txt
CityNew Hyde ParkCityNm
State AbbreviationNYStateAbbreviationCd
ZIP11042ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2025-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN873032103EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1Better Future FoundationBusinessNameLine1Txt
FieldValueIRS element (for citing)
In Care Of% Foundation SourceInCareOfNm
Business Name ControlBETTBusinessNameControlTxt
Phone8008391754PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1Foundation Source 501 Silverside RdAddressLine1Txt
CityWilmingtonCityNm
State AbbreviationDEStateAbbreviationCd
ZIP198091377ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonLarry ToyPersonNm
Person TitlePresidentPersonTitleTxt
Phone8008391754PhoneNum
Signature2026-04-15SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonJeffrey D HaskellPreparerPersonNm
PTINP01345770PTIN
Phone8008391754PhoneNum
FieldValueIRS element (for citing)
Tax2025TaxYr
Build TS2025-03-06 01:10:19ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$4,745,358FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Rcvd Rev And Expnss$127,183ContriRcvdRevAndExpnssAmt
Interest On Sav Rev And Expnss$251InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$251InterestOnSavNetInvstIncmAmt
Net Gain Sale Ast Rev And Expnss$800NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$126,883GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$74,454CapGainNetIncmNetInvstIncmAmt
Total Rev And Expnss$128,234TotalRevAndExpnssAmt
Total Net Invst Incm$74,705TotalNetInvstIncmAmt
Comp Ofcr Dir Trst Rev And Expnss$0CompOfcrDirTrstRevAndExpnssAmt
Taxes Rev And Expnss$1,100TaxesRevAndExpnssAmt
Other Expenses Rev And Expnss$18,136OtherExpensesRevAndExpnssAmt
Other Expenses Dsbrs Chrtbl$18,136OtherExpensesDsbrsChrtblAmt
Tot Opr Expenses Rev And Expnss$19,236TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$0TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$18,136TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$111,600ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$111,600ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$130,836TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$0TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$129,736TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$2,602ExcessRevenueOverExpensesAmt
Net Investment Income$74,705NetInvestmentIncomeAmt
Adjusted Net Income$0AdjustedNetIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Sav And Temp Cash Invst BOY$3,534SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$932SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$932SavAndTempCashInvstEOYFMVAmt
Corporate Stock BOY$3,820,098CorporateStockBOYAmt
Corporate Stock EOY$3,820,098CorporateStockEOYAmt
Corporate Stock EOYFMV$4,744,426CorporateStockEOYFMVAmt
Total Assets BOY$3,823,632TotalAssetsBOYAmt
Total Assets EOY$3,821,030TotalAssetsEOYAmt
Total Assets EOYFMV$4,745,358TotalAssetsEOYFMVAmt
Total Liabilities BOY$0TotalLiabilitiesBOYAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Org Does Not Follow FASB117Yes (X)OrgDoesNotFollowFASB117Ind
Retained Earning BOY$3,823,632RetainedEarningBOYAmt
Retained Earning EOY$3,821,030RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY$3,823,632TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$3,821,030TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$3,823,632TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$3,821,030TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$3,823,632TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$2,602ExcessRevenueOverExpensesAmt
Subtotal$3,821,030SubtotalAmt
Tot Net Ast Or Fund Balances EOY$3,821,030TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp

FieldValueIRS element (for citing)
PropertyPublicly-traded SecuritiesPropertyDesc
Gross Sales Price$126,883GrossSalesPriceAmt
Cost Or Other Basis$52,429CostOrOtherBasisAmt
Gain Or Loss$74,454GainOrLossAmt
Gains Minus Excess Or Losses$74,454GainsMinusExcessOrLossesAmt
FieldValueIRS element (for citing)
Capital Gain Net Income$74,454CapitalGainNetIncomeAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$1,038InvestmentIncomeExciseTaxAmt
Subtotal$1,038SubtotalAmt
Tax Based On Investment Income$1,038TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx$1,100EstimatedPlusOvpmtIncmTxAmt
Exempt Frgn Org Tax Wthld At Srce$0ExemptFrgnOrgTaxWthldAtSrceAmt
Total Payments And Credits$1,100TotalPaymentsAndCreditsAmt
Form2220 AttachedYes (X)Form2220AttachedInd
Es Penalty$0EsPenaltyAmt
Overpayment$62OverpaymentAmt
Applied To ES Tax$62AppliedToESTaxAmt
Refund$0RefundAmt

Statements Regarding Acty StatementsRegardingActyGrp

FieldValueIRS element (for citing)
Legislative Political ActyfalseLegislativePoliticalActyInd
More Than100 SpentfalseMoreThan100SpentInd
Form1120 POL FiledfalseForm1120POLFiledInd
Activities Not Previously RptfalseActivitiesNotPreviouslyRptInd
Changes To Articles Or BylawsfalseChangesToArticlesOrBylawsInd
Unrelated Bus Incm Over LimitfalseUnrelatedBusIncmOverLimitInd
Organization Dissolved EtcfalseOrganizationDissolvedEtcInd
Section508e Rqr SatisfiedYes (true)Section508eRqrSatisfiedInd
At Least5000 In AssetsYes (true)AtLeast5000InAssetsInd
Org Report Or Register StateDEOrgReportOrRegisterStateCd
Form990 PF Filed With Atty GenYes (true)Form990PFFiledWithAttyGenInd
Private Operating FoundationfalsePrivateOperatingFoundationInd
New Substantial ContributorsfalseNewSubstantialContributorsInd
Own Controlled EntityfalseOwnControlledEntityInd
Donor Advised FundfalseDonorAdvisedFundInd
Comply With Public Insp RqrYes (true)ComplyWithPublicInspRqrInd

Persons With Books Name PersonsWithBooksName

FieldValueIRS element (for citing)
Business Name Line1Foundation SourceBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone8008391754PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line1501 Silverside Road Suite 123AddressLine1Txt
CityWilmingtonCityNm
State AbbreviationDEStateAbbreviationCd
ZIP198091377ZIPCd
FieldValueIRS element (for citing)
Foreign Accounts QuestionfalseForeignAccountsQuestionInd

Statements Regarding Acty4720 StatementsRegardingActy4720Grp

FieldValueIRS element (for citing)
Sale Or Exch Disqualified PrsnfalseSaleOrExchDisqualifiedPrsnInd
Brrw Or Lend Disqualified PrsnfalseBrrwOrLendDisqualifiedPrsnInd
Furn Goods Disqualified PrsnfalseFurnGoodsDisqualifiedPrsnInd
Pay Comp Disqualified PrsnfalsePayCompDisqualifiedPrsnInd
Transfer Ast Disqualified PrsnfalseTransferAstDisqualifiedPrsnInd
Payment To Government OfficialfalsePaymentToGovernmentOfficialInd
Uncorrected Prior ActsfalseUncorrectedPriorActsInd
Undistributed Income PYfalseUndistributedIncomePYInd
Business HoldingsfalseBusinessHoldingsInd
Jeopardy InvestmentsfalseJeopardyInvestmentsInd
Uncorrected PY Jeopardy InvstfalseUncorrectedPYJeopardyInvstInd
Influence LegislationfalseInfluenceLegislationInd
Influence ElectionfalseInfluenceElectionInd
Grants To IndividualsfalseGrantsToIndividualsInd
Grants To OrganizationsfalseGrantsToOrganizationsInd
Noncharitable PurposefalseNoncharitablePurposeInd
Rcv Fnds To Pay Prsnl Bnft CntrctfalseRcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft CntrctfalsePayPremiumsPrsnlBnftCntrctInd
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd
Subj To Tax Rmnrtn Ex Prcht PymtfalseSubjToTaxRmnrtnExPrchtPymtInd

Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp

Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (4 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdTitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmtEmployee Benefit ProgramEmployeeBenefitProgramAmtExpense Account Other AllwncExpenseAccountOtherAllwncAmt
Jason Jun
Foundation Source 501 Silverside RdWilmingtonDE198091377Treas1.0$0$0$0
Jennifer Toy
Foundation Source 501 Silverside RdWilmingtonDE198091377Sec1.0$0$0$0
Larry Toy
Foundation Source 501 Silverside RdWilmingtonDE198091377Dir, Pres5.0$0$0$0
Pearl Toy
Foundation Source 501 Silverside RdWilmingtonDE198091377VP, Sec1.0$0$0$0
FieldValueIRS element (for citing)
Summary Of Direct Chrtbl ActySummaryOfDirectChrtblActyGrp
Sum Of Program Related InvstSumOfProgramRelatedInvstGrp

Minimum Investment Return MinimumInvestmentReturnGrp

FieldValueIRS element (for citing)
Average Monthly FMV Of Sec$3,803,469AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$29,383AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$3,832,852TotalFMVOfUnusedAssetsAmt
Acquisition Indebtedness$0AcquisitionIndebtednessAmt
Adjusted Total FMV Of Unused Ast$3,832,852AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$57,493CashDeemedCharitableAmt
Net Vl Noncharitable Assets$3,775,359NetVlNoncharitableAssetsAmt
Minimum Investment Return$188,768MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$188,768MinimumInvestmentReturnAmt
Tax Based On Investment Income$1,038TaxBasedOnInvestmentIncomeAmt
Total Tax$1,038TotalTaxAmt
Distributable Before Adj$187,730DistributableBeforeAdjAmt
Distributable Before Ded$187,730DistributableBeforeDedAmt
Distributable As Adjusted$187,730DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

FieldValueIRS element (for citing)
Expenses And Contributions$129,736ExpensesAndContributionsAmt
Program Related Invst Total$0ProgramRelatedInvstTotalAmt
Charitable Assets Acquis Paid$0CharitableAssetsAcquisPaidAmt
Set Aside Suitability Test$0SetAsideSuitabilityTestAmt
Set Aside Cash Distri Test$0SetAsideCashDistriTestAmt
Qualifying Distributions$129,736QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$187,730DistributableAsAdjustedAmt
Undistributed Income PY$113,927UndistributedIncomePYAmt
Prior Year12023PriorYear1Yr
Prior Year22022PriorYear2Yr
Prior Year32021PriorYear3Yr
Qualifying Distributions$129,736QualifyingDistributionsAmt
Applied To Year1$113,927AppliedToYear1Amt
Applied To Current Year$15,809AppliedToCurrentYearAmt
Remaining Distri From Corpus$0RemainingDistriFromCorpusAmt
Total Corpus$0TotalCorpusAmt
Undistributed Income CY$171,921UndistributedIncomeCYAmt
Excess Distri Cyov To Next Yr$0ExcessDistriCyovToNextYrAmt
Excess From Current Year$0ExcessFromCurrentYearAmt
FieldValueIRS element (for citing)
Private Operating FoundationsPrivateOperatingFoundationsGrp

Supplementary Information SupplementaryInformationGrp

FieldValueIRS element (for citing)
Contributing ManagerLarry ToyContributingManagerNm
Contributing ManagerPearl ToyContributingManagerNm
Only Contri To PreselectedYes (X)OnlyContriToPreselectedInd

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (14 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient RelationshipRecipientRelationshipTxtRecipient Foundation StatusRecipientFoundationStatusCdGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
AMERICAN FRIENDS OF WIGMORE HALL INC
1350 AVE OF THE AMERICAS STE 266NEW YORKNY10019N/APCGeneral & Unrestricted$5,000
CALIFORNIA COUNCIL ON SCIENCE AND TECHNOLOGY
1017 L STSACRAMENTOCA95814N/APCGeneral & Unrestricted$2,500
CENTER FOR INQUIRY INC
3965 RENSCH RDAMHERSTNY14228N/APCGeneral & Unrestricted$2,500
CHABOT SPACE & SCIENCE CENTER FOUNDATION
10000 SKYLINE BLVDOAKLANDCA94619N/APCGeneral & Unrestricted$5,000
CHAMBER MUSIC SAN FRANCISCO
5758 GEARY BLVD 225SAN FRANCISCOCA94121N/APCGeneral & Unrestricted$5,000
FOUNDATION FOR CALIFORNIA COMMUNITY COLLEGES
1102 Q ST STE 4800SACRAMENTOCA95811N/APCGeneral & Unrestricted$2,500
FRIENDS OF THE ORINDA LIBRARY INC
PO BOX 152ORINDACA94563N/APCGeneral & Unrestricted$2,500
GLYNDEBOURNE AMERICA INC
250 PARK AVE 7TH FLOORNEW YORKNY10177N/APCGeneral & Unrestricted$2,500
HEALTHY AGING VILLAGES FOR ALL
13336 CAMINITO CIERA UNIT 34SAN DIEGOCA92129N/APCGeneral & Unrestricted$50,000
LAMORINDA VILLAGE INC
49 KNOX DRLAFAYETTECA94549N/APCGeneral & Unrestricted$10,600
ORINDA NETWORK FOR EDUCATION
21 ORINDA WAY STE C PMB 123ORINDACA94563N/APCGeneral & Unrestricted$2,500
PLANNED PARENTHOOD FEDERATION OF AMERICA INC
PO BOX 97166WASHINGTONDC20090N/APCGeneral & Unrestricted$5,000
UNIVERSITY OF CALIFORNIA BERKELEY FOUNDATION
1995 UNIVERSITY AVE STE 400BERKELEYCA94704N/APCFor Cal Performances$6,000
VILLAGE TO VILLAGE NETWORK LLC
4818 WASHINGTON BLVDSAINT LOUISMO63108N/APCGeneral & Unrestricted$10,000
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$111,600TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

FieldValueIRS element (for citing)
Fees Contracts From Govt AgFeesContractsFromGovtAgGrp
Membership Dues And AssmntMembershipDuesAndAssmntGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$251ExclusionAmt
FieldValueIRS element (for citing)
Dividends And Interest From Sec DtlDividendsAndInterestFromSecDtl
Net Rntl Incm Re Debt Fincd PropNetRntlIncmReDebtFincdPropGrp
Net Rntl Incm Re Not Debt Fincd PropNetRntlIncmReNotDebtFincdProp
Net Rental Income Personal PropNetRentalIncomePersonalPropGrp
Other Investment IncomeOtherInvestmentIncomeGrp

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Exclusion18ExclusionCd
Exclusion$800ExclusionAmt
FieldValueIRS element (for citing)
Net Income Loss From Special EvtNetIncomeLossFromSpecialEvtGrp
Gross Profit Loss Sls Of InvntryGrossProfitLossSlsOfInvntryGrp

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$1,051ExclusionAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$1,051TotalIncomeProducingActyAmt

Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp

FieldValueIRS element (for citing)
Trnsfr Of Cash To Nonchrtbl EOfalseTrnsfrOfCashToNonchrtblEOInd
Trnsfr Other Asset Nonchrtbl EOfalseTrnsfrOtherAssetNonchrtblEOInd
Sales Or Exchanges Of AssetsfalseSalesOrExchangesOfAssetsInd
Purchase Of Assets Nonchrtbl EOfalsePurchaseOfAssetsNonchrtblEOInd
Rental Of Facilities Oth AssetsfalseRentalOfFacilitiesOthAssetsInd
Reimbursement ArrangementsfalseReimbursementArrangementsInd
Loans Or Loan GuaranteesfalseLoansOrLoanGuaranteesInd
Performance Of Services EtcfalsePerformanceOfServicesEtcInd
Sharing Of Facilities EtcfalseSharingOfFacilitiesEtcInd
Relationships Nonchrtbl EOfalseRelationshipsNonchrtblEOInd

Schedule B IRS990ScheduleB

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
General RuleYes (X)GeneralRuleInd

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
Contributor1ContributorNum
Contributor PersonToy LarryContributorPersonNm

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line114 Westwood CourtAddressLine1Txt
CityOrindaCityNm
State AbbreviationCAStateAbbreviationCd
ZIP94563ZIPCd
FieldValueIRS element (for citing)
Total Contributions$127,183TotalContributionsAmt
Person ContributionYes (X)PersonContributionInd
Noncash ContributionYes (X)NoncashContributionInd

Non Cash Property Contribution NonCashPropertyContributionGrp (2 entries)

ContributorContributorNumNoncash PropertyNoncashPropertyDescFair Market ValueFairMarketValueAmtReceivedReceivedDt
1VANGUARD TAX MANAGED CAPITAL APPRECIATI VTCLX, 417 sh.$120,8972025-05-07
1FRANKLIN MUTUAL SHARES FUND CLASS Z MUTHX, 200 sh.$5,1862025-11-21

Depreciation Schedule DepreciationSchedule

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp

FieldValueIRS element (for citing)
StockTESLA MOTORS INCStockNm
EOY Book Value$3,820,098EOYBookValueAmt
EOYFMV$4,744,426EOYFMVAmt

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (2 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmtDisbursements Charitable PrpsDisbursementsCharitablePrpsAmt
Administrative Fees$18,111$18,111
State or Local Filing Fees$25$25

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail

FieldValueIRS element (for citing)
Category990-PF Estimated Tax for 2025CategoryTxt
Amt$1,100Amt

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