A Better Place Inc
A Better Place Inc is a private foundation focused on Community Improvement & Capacity Building, based in Edina, MN. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $2.6M in total assets. In 2024, it awarded 1 grant totaling $2.1M. Net investment income was $878K.
A Better Place Inc at a glance
In short: A Better Place Inc gave $2.1M across 1 grant in 2024 (avg $2.1M), mostly in Minnesota. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $2,110,400
- +98.8% vs 2023
- Grants made (2024)
- 1
- +0.0% vs 2023
- Average grant
- $2,110,400
- +98.8% vs 2023
- Median grant
- $2,110,400
- Total assets
- $2,588,847
- -17.0% vs 2023
- Primary geography
- Minnesota (100% 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 A Better Place Inc funds
How this funder distributes its grants
Top Recipients
Top recipient in 2024
The largest 2024 recipient was Catholic Community Foundation of Minnesota ($2.1M).
Grant Size Distribution
5 grants across all recorded years
The most common grant size was in the $1–5M range: 5 grants of 5 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of the 2024 grant dollars on its one itemized grant.
States
Cities
How A Better Place Inc gives
- Giving held roughly steady from 2021 to 2024 (+5%). 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 2020 to 2024, annual grant giving ranged from $1.1M (2023) to $2.1M (2024). In 2024 it made 1 grant totaling $2.1M.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Catholic Community Foundation of Minnesota St. Paul, MN | General | $2,110,400 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2024 | $2,588,847 | $1,450,298 | $2,151,576 | $2,110,400 | 1 | $2,112,937 | $877,528 | $95,923 |
| 2023 | $3,119,410 | $227,037 | $1,089,181 | $1,061,500 | 1 | $1,063,809 | $154,972 | $158,497 |
| 2022 | $4,101,269 | $589,293 | $2,129,712 | $2,093,000 | 1 | $2,095,650 | $512,192 | $144,874 |
| 2021 | $5,950,765 | $248,223 | $2,067,754 | $2,002,000 | 1 | $2,004,650 | $134,031 | $304,880 |
| 2020 | $7,534,799 | $1,619,301 | $2,193,614 | $2,110,299 | 1 | — | $1,137,441 | $319,444 |
Under IRS private-foundation payout rules, A Better Place Inc reported a distributable amount of $96K for 2024 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
A Better Place Inc is led by Stephen Sefton, President on every filing since 2020; none of the 4 officers listed in 2024 report compensation.
Officers on the 2024 filing
Stephen Sefton
President
On filings since 2020
1 hr/week
No compensation reported
Kathryn Locascio
Director
On filings since 2020
0.5 hrs/week
No compensation reported
Maureen Sefton
Director
On filings since 2020
0.5 hrs/week
No compensation reported
Brian Sefton
Chief Financial Officer
On filings since 2020
2 hrs/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 A Better Place Inc
How much does A Better Place Inc give each year?
A Better Place Inc gave $2.1M across 1 grant in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $1.1M across 1 grant.
How large is A Better Place Inc?
A Better Place Inc reported $2.6M in total assets on its 2024 IRS Form 990-PF. It paid out $2.1M in qualifying distributions that year, against a required minimum of $96K (roughly 5% of its investment assets).
What is A Better Place Inc?
A Better Place Inc is a private foundation focused on Community Improvement & Capacity Building, based in Edina, MN. It holds $2.6M in total assets as of 2024.
Where does A Better Place Inc operate?
A Better Place Inc has awarded grants in Minnesota.
What is A Better Place Inc's EIN?
A Better Place Inc's EIN (Employer Identification Number) is 41-1955000. 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 11, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS November 11, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS November 13, 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 November 13, 2025)
- IRS filings on file for fiscal years 2020–2024
Explore Open Grants
Browse active grant opportunities in A Better Place Inc's focus areas in our free grants database
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