2025-11-14T15:00:26-06:00 2024-12-31 521392008 GELMAN ROSENBERG & FREEDMAN 4550 MONTGOMERY AVE SUITE 800N BETHESDA MD 208142930 990 2024-01-01 934195435 BETTER NEXT YEAR FUND BETT 4155157572 1111B S GOVERNORS AVE 6683 DOVER DE 19904 NICHOLAS JOSEFOWITZ PRESIDENT 4155157572 2025-11-14 1 0 ELIZABETH W HELLER P00397829 3019519090 2024 2025-03-06 01:10:19Z NICHOLAS JOSEFOWITZ 1111B S GOVERNORS AVE 6683 DOVER DE 19904 4062955 0 X N/A X 2023 DE SEE PART III, LINE 1. 3 3 0 3 0 0 0 4000000 0 0 0 62955 0 0 0 4062955 0 5770000 0 0 0 0 0 0 0 0 29241 0 5799241 0 -1736286 0 3629385 0 2865671 0 763714 THE SPECIFIC PURPOSES AND OBJECTIVES OF THE CORPORATION SHALL BE TO SUPPORT ORGANIZATIONS, PROJECTS, AND INITIATIVES THAT "MAKE NEXT YEAR BETTER," INCLUDING, BUT NOT LIMITED TO, RESEARCH, EDUCATION, ADVOCACY. 0 0 5770000 5770000 RESEARCH, EDUCATION, ADVOCACY AND GRANT MAKING 5770000 0 1 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 2 0 1 0 0 0 0 0 0 0 0 0 X 3 3 1 0 0 0 0 0 0 1 0 0 0 1 1 1 1 0 0 0 0 0 X ELINOR LITWACK 3019519090 4550 MONTGOMERY AVE 800 BETHESDA MD 20814 X NICHOLAS JOSEFOWITZ PRESIDENT 0.25 X X 0 0 0 THEODOSE MELAS KYRIAZI TREASURER 0.25 X X 0 0 0 AARON MYRON SECRETARY 0.25 X X 0 0 0 0 0 0 0 0 0 0 0 4000000 4000000 62955 62955 4062955 0 0 62955 5770000 5770000 11830 11830 3711 3711 500 500 TAXES 13200 13200 5799241 5770000 29241 0 254332 1125053 2250000 0 3629385 2865671 0 2865671 X 763714 0 763714 0 3629385 X -1736286 2500000 0 X 0 1 X 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 500000 0 500000 0 500000 1 PART I-A, LINE 1: SUPPORTING ORGANIZATIONS, PROJECTS, AND INITIATIVES THAT "MAKE NEXT YEAR BETTER," INCLUDING, BUT NOT LIMITED TO, RESEARCH, EDUCATION, ADVOCACY, AND GRANT MAKING, FOR THE PURPOSE OF ADDRESSING THE LARGE-SCALE CHALLENGES FACED BY THE UNITED STATES OF AMERICA. 0 X 4062955 0 4062955 0 4062955 5799241 0 5799241 0 5799241 PART X, LINE 2: THE COMPANY IS A NOT-FOR-PROFIT CORPORATION EXEMPT FROM FEDERAL AND STATE INCOME TAXES UNDER INTERNAL REVENUE CODE SECTION 501(C)(4). HOWEVER, CERTAIN OPERATIONS OF THE COMPANY MAY QUALIFY AS UNRELATED BUSINESS TAXABLE INCOME AND, TO THE EXTENT THAT THESE OPERATIONS GENERATE INCOME, THEY WILL BE SUBJECT TO FEDERAL AND STATE TAXES. DURING THE YEAR ENDED DECEMBER 31, 2024 AND THE PERIOD FROM OCTOBER 27, 2023 (COMMENCEMENT OF OPERATIONS) THROUGH DECEMBER 31, 2023, THERE WAS NO UNRELATED BUSINESS INCOME FOR THE COMPANY. THE COMPANY'S FEDERAL AND STATE INFORMATION RETURNS SINCE INCEPTION ARE SUBJECT TO EXAMINATION. MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY THE COMPANY AND HAS CONCLUDED THAT, AS OF DECEMBER 31, 2024 AND 2023, THERE ARE NO UNCERTAIN TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY (OR ASSET) OR DISCLOSURE IN THE FINANCIAL STATEMENTS. THE COMPANY RECOGNIZES INTEREST AND PENALTIES ASSOCIATED WITH TAX MATTERS AS PART OF MANAGEMENT AND GENERAL EXPENSES AND INCLUDES ACCRUED INTEREST AND PENALTIES IN ACCRUED EXPENSES IN THE STATEMENTS OF FINANCIAL POSITION. THERE WERE NO INTEREST OR PENALTIES FOR THE YEAR ENDED DECEMBER 31, 2024 AND THE PERIOD FROM OCTOBER 27, 2023 (COMMENCEMENT OF OPERATIONS) THROUGH DECEMBER 31, 2023. 1 REALIZE IMPACT 271 WINSLOW WAY E 11548 BAINBRIDGE ISLAND WA 98110 463594732 501C3 2500000 0 ENERGY AFFORDABILITY PERMIT POWER ACTION FUND 2512 PACIFIC AVENUE SAN FRANCISCO CA 94115 990601841 501C4 2250000 0 ENERGY AFFORDABILITY TIDES ADVOCACY 1014 TORNEY AVE SAN FRANCISCO CA 94129 943153687 501C4 500000 0 ENERGY AFFORDABILITY & ECONOMIC DEVELOPMENT HOPEWELL FUND 1828 L STREET NW SUITE 300-D WASHINGTON DC 20036 473681860 501C3 270000 0 EDUCATION PERMIT POWER EDUCATION FUND 2512 PACIFIC AVENUE SAN FRANCISCO CA 94115 990571320 501C3 250000 0 ENERGY AFFORDABILITY 3 2 PART I, LINE 2: GRANT RECIPIENTS ARE REQUIRED TO PROVIDE ANNUAL UPDATES ON THE USE OF GRANT FUNDS. PERIODIC REVIEWS OF GRANT ACTIVITY ARE CONDUCTED AT THE DISCRETION OF BETTER NEXT YEAR FUND. FORM 990, PART VI, SECTION A, LINE 2 NICHOLAS JOSEFOWITZ AND THEODOSE MELAS KYRIAZI HAVE A FAMILIAL RELATIONSHIP. FORM 990, PART VI, SECTION A, LINE 8B THE ORGANIZATION DOES NOT HAVE COMMITTEES WITH AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 WAS PREPARED BY AN OUTSIDE ACCOUNTING FIRM. A COPY OF THE 990 WAS PROVIDED TO THE BOARD FOR REVIEW AND APPROVAL PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C ANNUALLY, THE BOARD WILL BE PROVIDED A COPY OF THE CONFLICT-OF-INTEREST POLICY AND BE REQUESTED TO PROVIDE A SIGNATURE ACKNOWLEDGING RECEIPT. IF A CONFLICT OCCURS, THE RESPONSIBLE PARTY IS REQUIRED TO NOTIFY THE BOARD OF DIRECTORS OF THE CIRCUMSTANCES RESULTING IN THE POTENTIAL CONFLICT SO THAT THE BOARD OF DIRECTORS CAN PROVIDE GUIDANCE AND TAKE SUCH ACTION AS IT DEEMS APPROPRIATE. NO DIRECTOR WHO DIRECTLY OR INDIRECTLY IS INVOLVED IN A POTENTIAL CONFLICT OF INTEREST WILL BE COUNTED IN DETERMINING THE EXISTENCE OF A QUORUM AT ANY MEETING OF THE BOARD WHERE THE POTENTIAL CONFLICT IS CONSIDERED, NOR WILL THE DIRECTOR VOTE ON ANY ACTION OF THE BOARD REGARDING THE POTENTIAL CONFLICT OF INTEREST. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES THE GOVERNING DOCUMENTS AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 8 THERE IS A PRIOR PERIOD ADJUSTMENT ON THE 2024 RETURN OF $2,500,000. IN 2023, THE ORGANIZATION FILED A FORM 990N DUE TO HAVING GROSS RECEIPTS UNDER THE FILING THRESHOLD. HOWEVER, THE ORGANIZATION RECEIVED AN AUDIT FOR 2024 AND REQUIRED A CONVERSION FROM CASH BASIS TO ACCRUAL BASIS IN ORDER TO CONFORM WITH GAAP. THIS RESULTED IN A PRIOR PERIOD ADJUSTMENT ON THE 2024 RETURN.