Overview
What is Betterfi?
Betterfi is a compassionate nonprofit entity, located in Coalmont, Tennessee. With a focus on assisting the underprivileged, Betterfi offers financial relief through accessible consumer loans, featuring lower interest rates and extended repayment periods. The organization also provides complimentary income tax filing services and offers guidance for improved personal finance budgeting. In addition to these financial services, Betterfi is committed to educating and coaching low-income individuals and families, working towards financial stability and independence. With a small yet dedicated team of two employees, Betterfi plays an essential role in uplifting the community.
Official website here: www.betterfi.com
Is Betterfi legitimate?
Betterfi is a legitimate nonprofit organization registered as a 501(c)(3) entity. Betterfi 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: $56,990
Professional Fundraising Fees: $0
Other Salaries and Wages: $35,568
For more financial information, click here
Official website here: www.betterfi.com
What is the mission statement of Betterfi?
Betterfi's mission is centered around providing relief to the financially distressed and underprivileged. They accomplish this through initiatives offering affordable financial products and services, as well as financial education and coaching for low-income individuals and families. Their programs aim to alleviate financial burdens by providing new and refinanced consumer loans with lower interest rates and extended payment terms. Additionally, Betterfi offers free income tax filing services and coaching for improved personal finance budgeting.
Official website here: www.betterfi.com
Who is the CEO of Betterfi?
Augustine Hosch is the Executive Director of Betterfi.
Official website here: www.betterfi.com
What is the revenue of Betterfi?
Betterfi's revenue in 2022 was $234,469.
Official website here: www.betterfi.com
Who are the executives of Betterfi and what are their salaries?
The average compensation at Betterfi during 2022 was $46,279. There are 2 employees at Betterfi.
Here are 10 key members and their salaries:
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Official website here: www.betterfi.com
Where can I find the form 990 for Betterfi?
Betterfi's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.betterfi.com
Learn more at the official website: www.betterfi.com
Mission Statement of Betterfi
Betterfi, as a nonprofit organization, is committed to providing relief for the poor, distressed, and underprivileged. This relief is primarily achieved through the provision of affordable financial products and services, as well as financial education and coaching for low-income individuals and families. The organization's mission is to offer financial assistance in the form of consumer loans with lower interest rates and longer payoff periods. This strategic approach helps those in need to manage their financial burdens more effectively.
Furthermore, Betterfi recognizes the importance of financial literacy and offers coaching services to help individuals and families improve their budgeting skills. This focus on education is complemented by the provision of free income tax filing services, ensuring that those who might otherwise struggle with this process have access to the support they need. By offering a combination of financial assistance and education, Betterfi aims to empower low-income individuals and families, enabling them to take control of their financial futures and improve their overall well-being.
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Impact
October, 2024
Betterfi plays a crucial role in enhancing the financial well-being of low-income individuals and families. By offering affordable financial products and services, such as new and refinanced consumer loans with lower interest rates and longer payoff periods, Betterfi helps alleviate the burdens of high-interest debt that often trap many in a cycle of financial distress.
In addition to financial assistance, Betterfi provides essential services like free income tax filing and personal finance coaching. These resources empower individuals with the knowledge and skills needed to effectively manage their budgets, ultimately fostering financial independence and stability. Through its commitment to financial education, Betterfi equips families with vital tools to navigate their financial challenges, improve their circumstances, and work towards a more secure future.
Located in Coalmont, TN, Betterfi’s initiatives target not just immediate economic relief but also long-term financial literacy, making a significant impact on the lives of the underprivileged by promoting sustainable financial practices and resilience. In doing so, Betterfi contributes to the overall upliftment of the community, creating pathways for economic growth and self-sufficiency among those who need it most.
This information is meant to be a general summary of Betterfi. 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Program Service Revenue: $12,683
- Gross Receipts: $234,469
Assets and Liabilities:
- Total Assets: $467,870
- Total Liabilities: $3,186
- Net Assets: $464,684
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LOAN INTEREST
Revenue
$12,683
Organization Details
Founding Year
2017
Phone
(931) 313-9942Principal Officer
Augustine Hosch
Main Address
PO BOX 27, COALMONT, TN, 37313
Website
www.betterfi.comNTEE Category
Code: P51 - Human services
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