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EIN 36-3608625

Better Way Foundation

IRS 501(c) type
501(c)(3)
Num. employees
Unknown
City
Minneapolis
State
Minnesota
Year formed
1988
Most recent tax filings
2022-12-01
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
$-1,855,368
2022
Total expenses
$2,839,926
2022
Total assets
$63,372,543
2022
Num. employees
n/a

Grants made by Better Way Foundation

GranteeGrant descriptionAmount
Montessori American Indian Childcare CenterContinuity, Growth & Vision$100,000
Comanche Language and Culture Preservation CommitteeBuilding the Capacity of CLCPC$100,000
Thunder Valley Community Development CorporationOwayawa Cik'ala - Lakota Immersion Montessori Project$100,000
...and 23 more grants made totalling $800,000

Personnel at Better Way Foundation

NameTitleCompensation
Nicholas BanovetzExecutive Director
Mercedes PlendlProgram Manager
Kristen GrubbTax Officer$0

Financials for Better Way Foundation

RevenuesFYE 12/2022
Total grants, contributions, etc.$0
Investment income and dividends$45,619
Net rental income$0
Net gain from sale of non-inventory assets$-58,406
Gross sales of inventory$0
Miscellaneous revenues$-1,842,581
Total revenues$-1,855,368

Form 990s for Better Way Foundation

Fiscal year endingDate received by IRSFormPDF link
2021-122022-11-13990PFView PDF
2020-122021-11-12990PFView PDF
2019-122021-06-11990PFView PDF
2018-122020-01-15990PFView PDF
2017-122019-02-14990PFView PDF
...and 7 more Form 990s
Data update history
September 3, 2023
Updated personnel
Identified 5 new personnel
July 28, 2023
Posted financials
Added Form 990PF for fiscal year 2021
June 28, 2023
Posted financials
Added Form 990PF for fiscal year 2020
May 21, 2023
Used new vendors
Identified 1 new vendor, including
April 29, 2022
Updated personnel
Identified 5 new personnel
Nonprofit Types
Grantmaking organizationsPrivate foundationsPrivate non-operating foundationsCharities
Issues
No issues found
Characteristics
Provides grantsPartially liquidatedState / local levelTax deductible donationsNo full-time employees
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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