1 Thing Better Foundation
1 Thing Better Foundation is a private foundation, based in Southlake, TX. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $80K in total assets. In 2024, it awarded 4 grants totaling $42K.
1 Thing Better Foundation at a glance
In short: 1 Thing Better Foundation gave $42K across 4 grants in 2024 (avg $11K), mostly in Texas. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $42,000
- +425.0% vs 2023
- Grants made (2024)
- 4
- +300.0% vs 2023
- Average grant
- $10,500
- +31.3% vs 2023
- Median grant
- $7,000
- Total assets
- $80,135
- +38.8% vs 2023
- Primary geography
- Texas (95% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated October 2026.
Who 1 Thing Better Foundation funds
How this funder distributes its grants
Top Recipients
Top 4 recipients in 2024
The largest 2024 recipient was United Community Centers ($26K). Together the top 4 received $42K.
Grant Size Distribution
8 grants across all recorded years
The most common grant size was under $50K: 8 grants of 8 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 4 itemized grants.
Cities
How 1 Thing Better Foundation gives
- Giving grew 425% from 2021 to 2024. Method
- In 2024 it paid out well above its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2021 to 2024, annual grant giving ranged from $8K (2021) to $42K (2024). In 2024 it made 4 grants totaling $42K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| United Community Centers Fort Worth, TX | Fort Worth After School Program | $26,000 |
| Embrace Grace Hurst, TX | Donee's General Fund | $8,000 |
| Folds of Honor Dallas, TX | Donee's General Fund | $6,000 |
| Image Reborn Holladay, UT | Donee's General Fund | $2,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Distributable Amount |
|---|---|---|---|---|---|---|---|
| 2024 | $80,135 | $65,400 | $43,015 | $42,000 | 4 | $42,000 | $2,210 |
| 2023 | $57,750 | $22,860 | $8,927 | $8,000 | 1 | $8,000 | $2,434 |
| 2022 | $43,817 | $65,220 | $38,820 | $38,000 | 2 | $38,000 | $1,627 |
| 2021 | $17,417 | — | $8,000 | $8,000 | 1 | $8,000 | $973 |
| 2020 | $25,417 | $9,806 | $4,842 | — | — | — | $1,185 |
Under IRS private-foundation payout rules, 1 Thing Better Foundation reported a distributable amount of $2K for 2024 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
1 Thing Better Foundation is led by Michael E. Stanley, President, Treasurer & Director on every filing since 2020; none of the 3 officers listed in 2024 report compensation.
Officers on the 2024 filing
Michael E. Stanley
President, Treasurer & Director
On filings since 2020
5 hrs/week
No compensation reported
Summer S. Stanley
Secretary & Director
On filings since 2020
5 hrs/week
No compensation reported
W. Jeffery Thompson
Director
On filings since 2020
1 hr/week
No compensation reported
Data from IRS Form 990 filings, 2020–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about 1 Thing Better Foundation
How much does 1 Thing Better Foundation give each year?
1 Thing Better Foundation gave $42K across 4 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $8K across 1 grant.
What is 1 Thing Better Foundation's typical grant size?
1 Thing Better Foundation's median grant in 2024 was $7,000, and its average grant was $10,500, across 4 grants on its 2024 IRS Form 990-PF.
Where does 1 Thing Better Foundation give grants?
1 Thing Better Foundation gives mostly in Texas: 95% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there.
Does 1 Thing Better Foundation give general operating support?
Yes: 75% of 1 Thing Better Foundation's 2024 grants with a stated purpose (3 of 4) were for general or operating support, per its 2024 IRS Form 990-PF.
How large is 1 Thing Better Foundation?
1 Thing Better Foundation reported $80K in total assets on its 2024 IRS Form 990-PF. It paid out $42K in qualifying distributions that year, against a required minimum of $2K (roughly 5% of its investment assets).
What is 1 Thing Better Foundation's EIN?
1 Thing Better Foundation's EIN (Employer Identification Number) is 38-3868253. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated October 2026. Sourced from IRS Form 990-PF filings.
Data update history
(6)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2020 (received by the IRS November 15, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS November 15, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS November 14, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS November 14, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS October 31, 2025)
- IRS filings on file for fiscal years 2020–2024
Live grants for the work 1 Thing Better Foundation funds
Philanthropy, Voluntarism & Grantmaking Open opportunities, soonest deadline first.
Explore Open Grants
Browse active grant opportunities in 1 Thing Better Foundation's focus areas in our free grants database
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