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Better Together Employee Foundation

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 411843367 ✦ Lakeville, MN ✦ Designated as a 501(c)(3)

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Overview

What is Better Together Employee Foundation?

Better Together Employee Foundation is a charitable organization backed by Post Consumer Brands employees and retirees, with a purpose to aid those in need within the communities where they reside. Their primary focus includes providing assistance for individual hardships, such as medical emergencies, catastrophic events, youth activities, family strengthening, senior citizen issues, children's nurturing, drug prevention, and scholarships. The foundation's mission is to support their community by offering financial aid and resources, ensuring a better life for its residents.

What are the reviews and ratings of this charity?

Charity Navigator Rating: 87%, Three-Star out of Four Star rating

The Better Together Employee Foundation has received an 87% rating, indicating solid performance primarily in accountability and finance. This score reflects the charity's commitment to transparency and responsible financial management, earning full points for having a majority of independent board members and a zero liability-to-assets ratio.

Strengths of the organization include a high program expense ratio of 92%, which suggests that a significant portion of its funds is directed towards its charitable activities. Additionally, the foundation has robust policies in place for conflict of interest and document retention, further showcasing its commitment to ethical governance.

While the charity performs well in accountability metrics, the rating is entirely based on financial aspects, leaving out other potential factors like program effectiveness or community impact. This limited perspective may prompt further investigation into the foundation's overall mission and outreach efforts.


This AI summary has been generated from information found on Charity Navigator.

Is Better Together Employee Foundation legitimate?

Better Together Employee Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Better Together Employee Foundation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here

What is the mission statement of Better Together Employee Foundation?

The Better Together Employee Foundation, supported by Post Consumer Brands employees and retirees, has a mission to aid those in need within the community they reside and work in. Their purpose is to provide assistance through individual hardship grants to individuals, organizations, and activities. These grants are given out for various reasons such as medical hardships, catastrophic events, children's and teen activities, strengthening families, senior citizen issues, nurturing children, drug prevention, and scholarships. The foundation's goal is to make a positive impact in the community where its employees and retirees live and work.

Who is the CEO of Better Together Employee Foundation?

Nate Kahnke is the President of Better Together Employee Foundation.

What is the revenue of Better Together Employee Foundation?

Better Together Employee Foundation's revenue in 2022 was $176,018.

Who are the executives of Better Together Employee Foundation and what are their salaries?

There 11 volunteers at Better Together Employee Foundation.


Here are 15 key members and their salaries:


Patty Tiede (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Chris Kennedy (President (Outgoing))
  • Compensation: $0
  • Related: $0
  • Other: $0
Lisa Bingham (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michael Hild (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kimberly Larsen (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
David Burton (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Libby Christie (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Rhonda Dunn (Board Member (Outgoing))
  • Compensation: $0
  • Related: $0
  • Other: $0
David Hale (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mindi Hess (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Nate Kahnke (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
David Little (Board Member (Outgoing))
  • Compensation: $0
  • Related: $0
  • Other: $0
Cindy Jo Schneider (Board Member (Outgoing))
  • Compensation: $0
  • Related: $0
  • Other: $0
Alex Sheaffer (Board Member (Outgoing))
  • Compensation: $0
  • Related: $0
  • Other: $0
Amy Desutter (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Better Together Employee Foundation?

Better Together Employee Foundation's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Better Together Employee Foundation

The Better Together Employee Foundation is a charitable organization, primarily funded by employees and retirees of Post Consumer Brands. Its mission is to extend a helping hand to those in need within the community where its contributors reside. The foundation targets various aspects of community welfare, including but not limited to, medical emergencies, catastrophic events, children's activities, strengthening families, senior citizen issues, nurturing children, drug prevention, and scholarships. By providing individual hardship grants, the Better Together Employee Foundation seeks to alleviate distress and contribute positively to the lives of individuals, organizations, and activities within its reach.

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Impact




October, 2024

The Better Together Employee Foundation significantly impacts its community by providing individual hardship grants to residents in the areas where Post Consumer Brands employees and retirees live and work. These grants support a wide range of initiatives, including addressing medical hardships, responding to catastrophic events, funding kids and teen activities, and strengthening families.

By focusing on issues affecting seniors, nurturing children, promoting drug prevention, and offering scholarships, the foundation helps to improve the quality of life for individuals and families facing difficult circumstances. This community-centric approach not only addresses immediate needs but also fosters long-term support and resilience within the neighborhoods they serve, emphasizing the importance of caring for one another and creating a stronger community.




This information is meant to be a general summary of Better Together Employee Foundation. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$176,018 (2022)
Expenses
$158,748 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Gross Receipts: $210,703

Assets and Liabilities:

  • Total Assets: $145,091
  • Total Liabilities: $0
  • Net Assets: $145,091

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Organization Details

Founding Year

1996

Principal Officer

Nate Kahnke

Main Address

20802 KENSINGTON BLVD, LAKEVILLE, MN, 55044

NTEE Category

Code: T70 - Philanthropy

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