Forum For The Future Of Higher Education
- Assets
- $2.4m
- Revenue
- $509.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Cambridge, MA
- Founding
- 06/1997
- Data as of
- 06/2022
- EIN
- 04-3333819
Organization Overview
Forum For The Future Of Higher Education is located in Cambridge, MA. The organization was established in 1997. According to its NTEE Classification (B90) the organization is classified as: Educational Services, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Forum For The Future Of Higher Education 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 06/2022, Forum For The Future Of Higher Education generated $509.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (14.3%) each year. All expenses for the organization totaled $1.9m during the year ending 06/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
HIGHER EDUCATION RESEARCH
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FORUM FOR THE FUTURE OF HIGHER EDUCATION (THE FORUM) IS AN INDEPENDENT, NONPROFIT RESEARCH CENTER, COMPRISED OF A COMMUNITY OF ACADEMIC LEADERS AND SCHOLARS FROM ACROSS THE COUNTRY WHO EXPLORE NEW THINKING IN HIGHER EDUCATION. THE FORUM FACILITATES SHARED INQUIRY AND COLLABORATION ON ISSUES LIKELY TO INFLUENCE THE FUTURE OF HIGHER EDUCATION, PRIMARILY IN ECONOMICS AND FINANCE, NEW LEARNING MEDIA AND TECHNOLOGY, ADVANCES IN THE COGNITIVE AND NEUROSCIENCES, THE ROLE OF HIGHER EDUCATION IN THE GLOBAL POLITICAL ECONOMY, AND PREPARING THE WORKFORCE OF THE FUTURE. THE FORUM SPONSORS AND CREATES RESEARCH, PRESENTS SCHOLARSHIP AT ANNUAL ASPEN SYMPOSIA, AND DISSEMINATES FINDINGS THROUGHOUT HIGHER EDUCATION. THE FORUM SPONSORS RESEARCH AND CREATES KNOWLEDGE INTENDED TO INFORM CAMPUS POLICY AND DECISION-MAKING. ITS RESEARCH AGENDA FOCUSES ON NEW THINKING AND IDEAS LIKELY TO AFFECT THE FUTURE OF HIGHER EDUCATION. EACH YEAR, 15-20 NEW FORUM SCHOLARSHIPS ARE DESIGNATED. THE FORUM IS CURRENTLY ENGAGED IN THE FOLLOWING MAJOR RESEARCH INITIATIVES:-FORUM ON POLITICS, THE ECONOMY AND HIGHER EDUCATION-FORUM ON NEW BUSINESS AND FINANCIAL MODELS-FORUM ON TECHNOLOGY INNOVATION AND ACADEMIC PRODUCTIVITY-FORUM ON HIGHER EDUCATION GOVERNANCE, LEADERSHIP AND MANAGEMENT-FORUM ON FINANCIAL MARKETS AND RISK MANAGEMENT-WGBH ON CAMPUS-FORUM ON ADVANCED LEARNING SCIENCE-FORUM ON INEQUALITY AND HIGHER EDUCATION-ADDITIONAL PROGRAMS ON GLOBALIZATION, HIGHER EDUCATION, AND THE ECONOMYFORUM SCHOLARSHIP IS PUBLISHED IN FORUM FUTURES AND BROADLY DISSEMINATED THROUGHOUT HIGHER EDUCATION. FORUM FUTURES: SUMMARY OF FORUM RESEARCH, PUBLISHED SUMMARIES OF FORUM RESEARCH DESIGNED FOR USE IN BOARD AND PLANNING RETREATS, INCLUDING FULL-TEXT OF PAPERS PRESENTED AT ANNUAL ASPEN SYMPOSIUM.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nancy C Andrews Chair Of Board | OfficerTrustee | 1 | $0 |
Diane P Wood Vice Chair Of Board (until 06/2022) | OfficerTrustee | 1 | $0 |
Stephen B Heintz Vice Chair Of Board | OfficerTrustee | 1 | $0 |
Geraldine L Richmond Secretary (until 06/2022) | OfficerTrustee | 1 | $0 |
Carl H Pforzheimer III Treasurer (until 06/2022) | OfficerTrustee | 1 | $0 |
Kwame Anthony Appiah Member | 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 | $494,159 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $494,159 |
| Total Program Service Revenue | $0 |
| Investment income | $14,814 |
| 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 | $508,973 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $200,000 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $900,000 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $508,206 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $591 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $238,084 |
| 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 | $8,233 |
| All other expenses | $25,000 |
| Total functional expenses | $1,880,114 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $45,149 |
| Savings and temporary cash investments | $2,328,720 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| 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 | $2,373,869 |
| Accounts payable and accrued expenses | $600,000 |
| 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 | $237,353 |
| Total liabilities | $837,353 |
| Net assets without donor restrictions | $1,536,516 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $2,373,869 |