Business Forward Foundation
- Assets
- $947.2k
- Revenue
- $1.5m
- Investments
- $0.0
- Employees
- 9
- Location
- Washington, DC
- Founding
- 11/2013
- Data as of
- 12/2021
- EIN
- 46-2250437
Organization Overview
Business Forward Foundation is located in Washington, DC. The organization was established in 2013. According to its NTEE Classification (A01) the organization is classified as: Alliances & Advocacy, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2021, Business Forward Foundation employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Business Forward Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Business Forward Foundation generated $1.5m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 50.3% each year . All expenses for the organization totaled $973.6k during the year ending 12/2021. While expenses have increased by 53.3% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
STUDY POLICY ISSUES AFFECTING AMERICA'S ECONOMIC COMPETITIVENESS
Describe the Organization's Program Activity:
Part 3 - Line 4a
RESEARCH AND EDUCATION REGARDING ECONOMIC ISSUES
PUBLIC EVENTS ON ECONOMIC ISSUES
MEDIA OUTREACH ON ECONOMIC ISSUES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James Doyle Director | OfficerTrustee | 20 | $286,096 |
Elizabeth Fairchild Director | Trustee | 20 | $170,000 |
Elizabeth Kerr Director | Trustee | 30 | $0 |
Adam Hitchcock Director | Trustee | 1 | $0 |
Bill Flanagan Director | Trustee | 1 | $0 |
Sam Brown Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $1,500,000 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,500,000 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $333,650 |
| Compensation of current officers, directors, key employees. | $28,610 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $298,761 |
| Pension plan accruals and contributions | $8,582 |
| Other employee benefits | $29,900 |
| Payroll taxes | $41,861 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,805 |
| Fees for services: Accounting | $15,730 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $42,561 |
| Advertising and promotion | $4,332 |
| Office expenses | $15,919 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $14,660 |
| Travel | $4,860 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,435 |
| All other expenses | $7,224 |
| Total functional expenses | $973,555 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $945,805 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $1,354 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $947,159 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $151,824 |
| Total liabilities | $151,824 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $795,335 |
| Total liabilities and net assets/fund balances | $947,159 |
Grants Recieved
Over the last fiscal year, we have identified 8 grants that Business Forward Foundation has recieved totaling $1,170,000.
| Awarding Organization | Amount |
|---|---|
Walton Family Foundation Inc Bentonville, AR PURPOSE: BUILD AND LEVERAGE CONSTITUENCY OF INFLUENTIAL BUSINESS LEADERS. | $400,000 |
Laura And John Arnold Foundation Houston, TX PURPOSE: TO SUPPORT A PUBLIC AWARENESS CAMPAIGN FOR SMALL BUSINESS LEADERS ABOUT TAX ENFORCEMENT. | $210,000 |
Democracy Fund Inc Washington, DC PURPOSE: PROGRAM SUPPORT TO EDUCATE THE PUBLIC ABOUT THE ECONOMIC BENEFITS OF DIVERSITY AND TOLERANCE | $150,000 |
Democracy Fund Inc Washington, DC PURPOSE: PROGRAM SUPPORT FOR PUBLIC EDUCATION ON THE ECONOMIC BENEFITS OF DIVERSITY AND TOLERANCE | $150,000 |
Everytown For Gun Safety Support Fund Inc New York, NY PURPOSE: TO SUPPORT TRAINING SEMINARS ON GUN VIOLENCE PREVENTION AND BACKGROUND CHECKS | $110,000 |
Democracy Fund Inc Washington, DC PURPOSE: PROGRAM SUPPORT FOR ENGAGEMENT OF BUSINESS LEADER ON RULE OF LAW ISSUES | $50,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
National Association Of Broadcasters Washington, DC | $222,958,891 | $24,958,920 |
Americans For The Arts Inc Washington, DC | $124,544,965 | $8,131,826 |
Radio Research Consortium Inc Olney, MD | $6,439,848 | $6,547,558 |
Guardian Org Foundation Washington, DC | $2,505,680 | $4,732,399 |
Ethics Officer Association Vienna, VA | $1,991,466 | $1,977,981 |
Business Forward Foundation Washington, DC | $947,159 | $1,500,000 |
Stable Value Investment Association Inc Alexandria, VA | $1,094,024 | $905,032 |
Justiceaid Washington, DC | $275,408 | $647,582 |
Conservative Action League Fairfax, VA | $190,097 | $475,074 |
Annapolis Arts Alliance Inc Annapolis, MD | $76,541 | $321,294 |
Film Festival Alliance Washington, DC | $230,655 | $235,334 |
Finance And Administration Roundtable Washington, DC | $256,669 | $0 |