Attach to Form 990 or Form 990-EZ.
Go to
www.irs.gov/Form990 for instructions and the latest information.
| (i) Name of supported organization | (ii) EIN | (iii) Type of organization (described on lines 1- 10 above (see instructions)) | (iv) Is the organization listed in your governing document? | (v) Amount of monetary support (see instructions) | (vi) Amount of other support (see instructions) | |
|---|---|---|---|---|---|---|
| Yes | No | |||||
|
Total |
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Calendar year (or fiscal year beginning in) ![]() |
(a) 2016 | (b) 2017 | (c) 2018 | (d) 2019 | (e) 2020 | (f) Total | |
|---|---|---|---|---|---|---|---|
| 1 | Gifts, grants, contributions, and membership fees received. (Do not include any "unusual grant.") .. | ||||||
| 2 | Tax revenues levied for the organization's benefit and either paid to or expended on its behalf.... | ||||||
| 3 | The value of services or facilities furnished by a governmental unit to the organization without charge.. | ||||||
| 4 | Total. Add lines 1 through 3 | ||||||
| 5 | The portion of total contributions by each person (other than a governmental unit or publicly supported organization) included on line 1 that exceeds 2% of the amount shown on line 11, column (f).. | ||||||
| 6 | Public support. Subtract line 5 from line 4. | ||||||
Calendar year
(or fiscal year beginning in) ![]() |
(a) 2016 | (b) 2017 | (c) 2018 | (d) 2019 | (e) 2020 | (f) Total | |
|---|---|---|---|---|---|---|---|
| 7 | Amounts from line 4.. | ||||||
| 8 | Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources... | ||||||
| 9 | Net income from unrelated business activities, whether or not the business is regularly carried on.. | ||||||
| 10 | Other income. Do not include gain or loss from the sale of capital assets (Explain in Part VI.).. | ||||||
| 11 | Total support. Add lines 7 through 10 | ||||||
Calendar year (or fiscal year beginning in) ![]() |
(a) 2016 | (b) 2017 | (c) 2018 | (d) 2019 | (e) 2020 | (f) Total | |
|---|---|---|---|---|---|---|---|
| 1 | Gifts, grants, contributions, and membership fees received. (Do not include any "unusual grants.") . | 35,000 | 291,132 | 595,754 | 921,886 | ||
| 2 | Gross receipts from admissions, merchandise sold or services performed, or facilities furnished in any activity that is related to the organization's tax-exempt purpose | 42,000 | 153,508 | 233,345 | 428,853 | ||
| 3 | Gross receipts from activities that are not an unrelated trade or business under section 513 ..... | ||||||
| 4 | Tax revenues levied for the organization's benefit and either paid to or expended on its behalf... | ||||||
| 5 | The value of services or facilities furnished by a governmental unit to the organization without charge | ||||||
| 6 | Total. Add lines 1 through 5 | 77,000 | 444,640 | 829,099 | 1,350,739 | ||
| 7a | Amounts included on lines 1, 2, and 3 received from disqualified persons | ||||||
| b | Amounts included on lines 2 and 3 received from other than disqualified persons that exceed the greater of $5,000 or 1% of the amount on line 13 for the year. | ||||||
| c | Add lines 7a and 7b.. | ||||||
| 8 | Public support. (Subtract line 7c from line 6.) | 1,350,739 | |||||
Calendar year (or fiscal year beginning in) ![]() |
(a) 2016 | (b) 2017 | (c) 2018 | (d) 2019 | (e) 2020 | (f) Total | |
|---|---|---|---|---|---|---|---|
| 9 | Amounts from line 6... | 77,000 | 444,640 | 829,099 | 1,350,739 | ||
| 10a | Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources.. | ||||||
| b | Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975. | ||||||
| c | Add lines 10a and 10b. | ||||||
| 11 | Net income from unrelated business activities not included in line 10b, whether or not the business is regularly carried on. | ||||||
| 12 | Other income. Do not include gain or loss from the sale of capital assets (Explain in Part VI.) .. | 104 | 104 | ||||
| 13 | Total support. (Add lines 9, 10c, 11, and 12.).. | 77,000 | 444,744 | 829,099 | 1,350,843 | ||
| Section A - Adjusted Net Income | (A) Prior Year |
(B) Current Year (optional) |
||||
| 1 | Net short-term capital gain | 1 | ||||
| 2 | Recoveries of prior-year distributions | 2 | ||||
| 3 | Other gross income (see instructions) | 3 | ||||
| 4 | Add lines 1 through 3 | 4 | ||||
| 5 | Depreciation and depletion | 5 | ||||
| 6 | Portion of operating expenses paid or incurred for production or collection of gross income or for management, conservation, or maintenance of property held for production of income (see instructions) | 6 | ||||
| 7 | Other expenses (see instructions) | 7 | ||||
| 8 | Adjusted Net Income (subtract lines 5, 6 and 7 from line 4) | 8 | ||||
| Section B - Minimum Asset Amount | (A) Prior Year |
(B) Current Year (optional) |
||||
| 1 | Aggregate fair market value of all non-exempt-use assets (see instructions for short tax year or assets held for part of year): | 1 | ||||
| a | Average monthly value of securities | 1a | ||||
| b | Average monthly cash balances | 1b | ||||
| c | Fair market value of other non-exempt-use assets | 1c | ||||
| d | Total (add lines 1a, 1b, and 1c) | 1d | ||||
| e |
Discount claimed for blockage or other factors (explain in detail in Part VI): |
|||||
| 2 | Acquisition indebtedness applicable to non-exempt use assets | 2 | ||||
| 3 | Subtract line 2 from line 1d | 3 | ||||
| 4 | Cash deemed held for exempt use. Enter 0.015 of line 3 (for greater amount, see instructions). | 4 | ||||
| 5 | Net value of non-exempt-use assets (subtract line 4 from line 3) | 5 | ||||
| 6 | Multiply line 5 by 0.035 | 6 | ||||
| 7 | Recoveries of prior-year distributions | 7 | ||||
| 8 | Minimum Asset Amount (add line 7 to line 6) | 8 | ||||
| Section C - Distributable Amount | Current Year | |||||
| 1 | Adjusted net income for prior year (from Section A, line 8, Column A) | 1 | ||||
| 2 | Enter 85% of line 1 | 2 | ||||
| 3 | Minimum asset amount for prior year (from Section B, line 8, Column A) | 3 | ||||
| 4 | Enter greater of line 2 or line 3 | 4 | ||||
| 5 | Income tax imposed in prior year | 5 | ||||
| 6 | Distributable Amount. Subtract line 5 from line 4, unless subject to emergency temporary reduction (see instructions) | 6 | ||||
| Section D - Distributions | Current Year | |
|---|---|---|
| 1 Amounts paid to supported organizations to accomplish exempt purposes | 1 | |
|
2
Amounts paid to perform activity that directly furthers exempt purposes of supported organizations, in excess of income from activity |
2 | |
| 3 Administrative expenses paid to accomplish exempt purposes of supported organizations | 3 | |
| 4 Amounts paid to acquire exempt-use assets | 4 | |
| 5 Qualified set-aside amounts (prior IRS approval required - provide details in Part VI) | 5 | |
| 6 Other distributions (describe in Part VI). See instructions | 6 | |
| 7Total annual distributions. Add lines 1 through 6. | 7 | |
|
8
Distributions to attentive supported organizations to which the organization is responsive (provide details in Part VI). See instructions |
8 | |
| 9 Distributable amount for 2020 from Section C, line 6 | 9 | |
| 10 Line 8 amount divided by Line 9 amount | 10 | |
| Section E - Distribution Allocations (see instructions) |
(i) Excess Distributions |
(ii) Underdistributions Pre-2020 |
(iii) Distributable Amount for 2020 |
|
|---|---|---|---|---|
| 1 Distributable amount for 2020 from Section C, line 6 | ||||
|
2
Underdistributions, if any, for years prior to 2019 (reasonable cause required-- explain in Part VI). See instructions. |
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| 3 Excess distributions carryover, if any, to 2020: | ||||
| a From 2015....... | ||||
| b From 2016....... | ||||
| c From 2017....... | ||||
| d From 2018....... | ||||
| e From 2019....... | ||||
| fTotal of lines 3a through e | ||||
| g Applied to underdistributions of prior years | ||||
| h Applied to 2020 distributable amount | ||||
|
i
Carryover from 2015 not applied (see instructions) |
||||
| j Remainder. Subtract lines 3g, 3h, and 3i from line 3f. | ||||
| 4Distributions for 2020 from Section D, line 7: | ||||
| $ | ||||
| a Applied to underdistributions of prior years | ||||
| b Applied to 2020 distributable amount | ||||
| c Remainder. Subtract lines 4a and 4b from line 4. | ||||
|
5
Remaining underdistributions for years prior to 2020, if any. Subtract lines 3g and 4a from line 2. If the amount is greater than zero, explain in Part VI. See instructions. |
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|
6
Remaining underdistributions for 2020. Subtract lines 3h and 4b from line 1. If the amount is greater than zero, explain in Part VI. See instructions. |
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|
7 Excess distributions carryover to 2021. Add lines 3j and 4c. |
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| 8 Breakdown of line 7: | ||||
| a Excess from 2016..... | ||||
| b Excess from 2017..... | ||||
| c Excess from 2018..... | ||||
| d Excess from 2019..... | ||||
| e Excess from 2020..... | ||||
| Facts And Circumstances Test |
|---|
| Return Reference | Explanation |
|---|---|
| PART III, LINE 12 | 104 |
| Software ID: | |
| Software Version: |
Attach to Form 990 or 990-EZ.
Go to www.irs.gov/Form990 for the latest information.
| Return Reference | Explanation |
|---|---|
| FORM 990 - ORGANIZATION'S MISSION | BETTER BUYING INSTITUTE EXAMINES THE WAY THAT BUSINESS BETWEEN BUYERS AND THEIR SUPPLIERS IS CARRIED OUT ON A DAY-TO-DAY BASIS, WITH THE AIM OF TRANSFORMING THE PURCHASING PRACTICES COMMONLY USED IN THE CONSUMER GOODS SECTOR, SO BUSINESS RELASHIONSHIPS WITH SUPPLIERS SUPPORT DECENT WORKING CONDITIONS AND REDUCE ENVRONMENTAL IMPACTS OF PRODUCTION. |
| FORM 990, PAGE 2, PART III, LINE 2 | WE STARTED A TRAINING PROGRAM TO SUPPORT INNOVATION AND PROMOTE CHANGE IN SUPPLY CHAIN PRACTICES. WE BUILT AN E-LEARNING COURSE THAT CAN BE USED WIDELY IN BUYER COMPANIES. THE COURSE DEFINES THE FIVE PRINCIPLES OF RESPONSIBLE PURCHASING AND SHARES HOW SUPPLIERS, WORKERS, THE ENVIRONMENT, AND BRANDS AND RETAILERS ARE IMPACTED WHEN THE PRINCIPLES ARE NOT FOLLOWED. LEARNERS EXPLORE REAL-LIFE SCENARIOS AND CONSIDER NEWS WAYS OF WORKING TO IMPROVE PURCHASING PRACTICES SO THAT EVERYONE MUTUALLY BENEFITS. THE COURSE WILL BE FINALIZED AND LAUNCHED IN THE NEXT FISCAL YEAR. |
| FORM 990, PAGE 2, PART III, LINE 4A | WE CONDUCTED INDEPENDENT RESEARCH ON BUYER PURCHASING PRACTICES. AS PART OF OUR CORE RESEARCH PROJECT, 2020 INDEX REPORT WAS PUBLISHED, DRAWING ON DATA GATHERED DURING Q4 OF 2019. THE REPORT REVEALED FOR THE FIRST TIME, SEVERAL SUBSCRIBERS' YEAR-OVER-YEAR IMPROVEMENTS IN PURCHASING PRACTICES. WE CARRIED OUT ANOTHER ANNUAL DATA COLLECTION USING OUR BETTER BUYING PURCHASING PRACTICES INDEX QUESTIONNAIRE DURING APRIL-JUNE. WE INVITED 3,380 SUPPLIERS WORLDWIDE TO ANONYMOUSLY RATE THE PERFORMANCE OF 21 BUYER COMPANIES. A TOTAL OF 1,245 RATINGS WERE SUBMITTED. THE FINDINGS REVEALED THAT RESPONSIBLE PURCHASING PRACTICES ARE BECOMING A TOP PRIORITY FOR BETTER BUYING'S SUBSCRIBER COMPANIES, RATHER THAN A "NICE TO HAVE" WHEN TIMES ARE GOOD. BUYER COMPANIES THAT HAD ALREADY BEGUN THE PROCESS OF IMPROVING THEIR PURCHASING PRACTICES PRIOR TO COVID-19 BY ENGAGING WITH BETTER BUYING CONTINUED IMPROVING IN SEVERAL AREAS. THE STORY WAS NOT 100% POSITIVE, HOWEVER, AS MIGHT BE EXPECTED GIVEN THE EVENTS OF THE LAST 18 MONTHS. DESPITE IMPROVEMENTS OVERALL IN PLANNING AND FORECASTING, FOR EXAMPLE, THIS WAS STILL THE AREA CITED BY SUPPLIERS AS THE ONE BUYERS NEEDED TO FOCUS ON IMPROVING FIRST. IN OTHER CATEGORIES, NEARLY TWO-THIRDS OF SUPPLIERS REPORTED THAT SOME OF THEIR BUYERS HAD CANCELED ORDERS AFTER THE PURCHASE ORDER HAD BEEN ISSUED, WHILE OTHERS SAW PAYMENT TERMS EXTENDED BY BUYERS WITHOUT THEIR APPROVAL. MONTHLY ORDER VARIABILITY INCREASED BY 20 PERCENTAGE POINTS COMPARED TO LAST YEAR, WHICH IMPACTED SUPPLIERS' SUSTAINABILITY EFFORTS. THERE REMAINS PLENTY FOR COMPANIES AND THE INDUSTRY AS A WHOLE TO DO TO ENSURE THEIR DAY-TO-DAY BUSINESS ACTIVITIES DO NOT HARM WORK ERS AND THE ENVIRONMENT. THE REPORT (DUBBED THE COVID REPORT BECAUSE IT COMPARES PURCHASING PRACTICES DURING THE PANDEMIC WITH THE PRE-COVID PRACTICES CAPTURED IN THE 2020 INDEX REPORT) WAS IN PROGRESS TO BE PUBLISHED IN THE NEXT TAX YEAR. DURING THE YEAR, WE ALSO PREPARED FOR A NEW ANNUAL DATA COLLECTION CYCLE THAT WILL TAKE PLACE EACH OCTOBER USING A NEW TOOL, THE BETTER BUYING PARTNERSHIP INDEX. THIS TOOL IS DESIGNED TO BRIDGE THE GAP BETWEEN THE INDEPTH SUPPLIER DATA COLLECTED THROUGH THE BETTER BUYING PURCHASING PRACTICES INDEX FOR BETTER BUYING'S ANNUAL SURVEYS IN APRIL, AND TO ACT AS A QUICK STATUS UPDATE, ENABLING YEAR-ROUND MONITORING AND ANALYSIS OF EMERGING ISSUES AND TRENDS AND POTENTIAL PROBLEM AREAS. COMPLETELY ANONYMOUS, THIS SHORT 5-MINUTE SURVEY ASKS SUPPLIERS 12 IMPACTFUL QUESTIONS ON KEY BUYER PRACTICES; OPERATIONAL EFFICIENCY AND THE MANAGEMENT OF KEY DEADLINES; FORECASTING VISIBILITY AND THE PREDICTABILITY OF FUTURE ORDERS; WHETHER FINANCIAL PRACTICES ARE FAIR AND TRANSPARENT; THE BUYER'S EFFORTS TO WORK WITH THE SUPPLIER TOWARDS IMPROVED SUSTAINABILITY; COMMUNICATIONS PRACTICES; AND THE BUYER'S STATUS AS A CUSTOMER OF CHOICE. AS WELL AS PROVIDING A RAPID INSIGHT INTO TIER-1 OF BUYERS' SUPPLY CHAINS, THE INDEX CAN ALSO BE USED ACROSS MULTIPLE INDUSTRIES, PRODUCT CATEGORIES AND GEOGRAPHIC REGIONS, AND AT DIFFERENT TIERS, INCLUDING MATERIAL MILLS, COMPONENTS, PACKAGING PROVIDERS AND CHEMICAL SUPPLIERS. THAT TOOL WAS SCHEDULED FOR LAUNCH IN THE NEXT TAX YEAR. USING OUR EXISTING DATA, WE ALSO WROTE AND PUBLISHED ADDITIONAL REPORTS AIMED AT HELPING THE INDUSTRY IMPROVE ITS PRACTICES. THESE REPORTS INCLUDED TWO DEEP DIVE REPORTS-ONE FOCUSED ON "BETTER" DESIGN AND DEVELOPMENT AND ANOTHER EXPLORING MONTHLY ORDER VARIABILITY. WE ALSO PUBLISHED THE BETTER BUYING SPOTLIGHT ON HARDGOODS, AND THE BETTER BUYING SPECIAL REPORT ON PURCHASING PRACTICES AND SUSTAINABILITY. WE KICKED-OFF A SERIES OF SUPPLIER ROUNDTABLES THAT ALLOWED US TO DEVELOP DEEPER, MORE NUANCED UNDERSTANDINGS OF SPECIFIC TOPICS AND HOW TO ADDRESS THEM. WE COMPLETED ONE SUPPLIER ROUNDTABLE ON MONTHLY ORDER VARIABILITY AND PUBLISHED A REPORT FROM THAT. WE ALSO COLLECTED DATA IN A SECOND SUPPLIER ROUNDTABLE THAT FOCUSED ON COSTING STRATEGIES THAT WILL RESULT IN FAIR PRICES AND BETTER SUPPORT FOR SUPPLIERS TO IMPROVE WORKING CONDITIONS AND WAGES IN THEIR FACTORIES. A REPORT FROM THAT RESEARCH IS IN PROGRESS. AS PART OF OUR INNOVATIVE PROJECTS, WE PARTICIPATED IN TWO PROJECTS IN PARTNERSHIP WITH OTHER ORGANIZATIONS. IN ONE PROJECT WE DRAFTED A TOOL IDENTIFYING IMPACTS OF PURCHASING PRACTICES ON FACTORY COMPLIANCE TO CODES OF CONDUCT AND PREPARED TO PILOT ITS USABILITY. IN ANOTHER PROJECT, WE ANALYZED DATA COLLECTED FROM SUPPLIERS AND THEIR WORKERS IN VIETNAM TO UNDERSTAND HOW THEY EXPERIENCED COVID-19 AND THE IMPACTS PURCHASING PRACTICES HAD ON WORKER WELL-BEING. THIS PROJECT RESULTED IN A REPORT ASSESSING PURCHASING PRACTICES IMPACTS ON SUPPLIERS AND WORKERS. IN REGARDS TO PLATFORM OPERATIONS PROGRAM OF WORK, WE OPERATED A CLOUDBASED RATINGS AND EVALUATION PLATFORM THAT ENABLES PARTICIPATING SUPPLIERS TO PROVIDE INFORMATION ABOUT THEIR BUYERS ONLINE. SOME MINOR CHANGES WERE MADE TO THE QUESTIONNAIRE. A FEW NEW QUESTIONS WERE ADDED TO COVER TOPICS, SUCH AS ORDER CANCELLATION, THAT BECAME MORE PROBLEMATIC BECAUSE OF COVID. WE IMPROVED FUNCTIONALITY SUPPORT MORE EFFICIENT REPORTING. |
| FORM 990, PAGE 2, PART III, LINE 4D | WE TOOK THE FIRST STEP IN CREATING A TRAINING PROGRAM. WE WWORKED WITH FOUR COMPANIES TO CO-CREATE A FOUNDATIONAL LEVEL, E-LEARNING COURSE THAT INTRODUCES THE FIVE PRINCIPLES OF RESPONSIBLE PURCHASING. AT THE END OF THE TAX YEAR, TH COURSE WAS READY FOR FINAL EDITS, AND WE PLANNED TO LAUNCH IT NEAR THE END OF THE CALENDAR YEAR. THE COURSE WILL BE MADE AVAILABLE TO COMPANIES AND OTHER ORGANIZATIONS AROUND THE WORLD FOR A MODEST PER USER FEE TO SUPPORT BROAD INTEGRATION OF RESPONSIBLE PURCHASING THROUGHOUT COMPANIES OF ALL SIZES AND TYPES. THE FIVE PRINCIPLES OF RESPONSIBLE PURCHASING THAT SERVE AS THE FOCAL AREA OF EMPHASIS FOR THE COURSE HAVE ALSO BEEN RELEASED PUBLICLY TO SUPPORT CLARITY AND ALIGNMENT ON GOALS FOR THE INDUSTRY TO PURSUE. |
| FORM 990, PAGE 6, PART VI, LINE 6 | MEMBERS. |
| FORM 990, PAGE 6, PART VI, LINE 7A | HE MEMBERSHIP OF THE CORPORATION SHALL AT ALL TIMES CONSIST OF THE DIRECTORS. THE ELECTION OF A PERSON AS A DIRECTOR SHALL LIKEWISE BE AN ADMISSION OF SUCH PERSON TO MEMBERSHIP IN THE CORPORATION. NO PERSON SHALL CONTINUE TO BE A MEMBER AFTER CEASING TO BE A DIRECTOR. THERE SHALL BE NO MEMBERS WHO ARE NOT DIRECTORS. TO BECOME A DIRECTOR, A PERSON SHALL BE NOMINATED BY A MEMBER AND ELECTED BY A MAJORITY OF THE MEMBERS. |
| FORM 990, PAGE 6, PART VI, LINE 11B | DIRECTORS ARE PROVIDED THE FORM 990 AND OFFERED THE OPPORTUNITY TO SUGGEST EDITS. |
| FORM 990, PAGE 6, PART VI, LINE 15A | A MANAGING PERSON WHO RECEIVES COMPENSATION, DIRECTLY OR INDIRECTLY, FROM THE CORPORATION FOR SERVICES IS PRECLUDED FROM BEING PRESENT AT OR OTHERWISE PARTICIPATING IN ANY DELIBERATION OR VOTE AT A PROCEEDING OF THE BOARD ON MATTERS PERTAINING TO HIS OR HER OWN COMPENSATION. |
| FORM 990, PAGE 6, PART VI, LINE 19 | GOVERNING DOCUMENTS DISCLOSURES AND EXPLANATIONS ARE AVAILABLE UPON REQUEST. |
| Software ID: | |
| Software Version: |