Forum Foundation
- Assets
- $7.3m
- Revenue
- $43.1k
- Investments
- $2.0m
- Employees
- 0
- Location
- South Portland, ME
- Founding
- 04/2008
- Data as of
- 12/2022
- EIN
- 20-3986056
Organization Overview
Forum Foundation is located in South Portland, ME. The organization was established in 2008. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Forum 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 12/2022, Forum Foundation generated $43.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (25.9%) each year. All expenses for the organization totaled $670.2k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
FORUM FOUNDATION SUPPORTS COMMUNITY DEVELOPMENT WITHIN COCLE PROVINCE, PANAMA, BY CREATING OPPORTUNITIES THAT FURTHER EDUCATION. THIS IS PRIMARILY ACCOMPLISHED THROUGH GRANTS TO SUPPORT THE PROGRAMS OF ACADEMIA FORUM (SEE PART XIV). DIRECT EXPENDITURES IN 2022 INCLUDE OVERSIGHT OF ACADEMIA FORUM'S PROGRAMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Janet F Robinson Director | 4 | $20,000 | |
Sonia Brooks Assistant Treasurer | 1 | $0 | |
John Y Keffer President & Director | 1 | $0 | |
Richard J Berthy Vice President & Director | 1 | $0 | |
Charles F Johnson Treasurer & Director | 2 | $0 | |
Stacey Hong Secretary & Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $600 |
| Interest on Savings | $0 |
| Dividends & Interest | $42,502 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $43,102 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $20,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $58,448 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $101 |
| Printing and publications | $0 |
| Other expenses | $25,897 |
| Total operating and administrative expenses | $124,714 |
| Contributions, gifts, grants paid | $545,440 |
| Total expenses and disbursements | $670,154 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $45,228 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $5,200,000 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $42 |
| Total assets | $7,276,386 |
| Accounts payable and accrued expenses | $17,989 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $17,989 |
Grants Awarded
Over the last fiscal year, Forum Foundation has awarded $545,440 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
ACADEMIA FORUM PURPOSE: TO FUND EDUCATIONAL AND COMMUNITY DEVELOPMENT PROGRAMS IN RURAL COCLE PROVINCE | $544,440 |
ALL SOULS NYC PURPOSE: CONTRIBUTION IN MEMORY OF HERB HENRYSON, FORMER BOARD SECRETARY | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Td Charitable Foundation Falmouth, ME | $0 | $26,328,021 |
P M Allen Family Foundation Hanover, NH | $110,796,013 | $13,365,268 |
Rannie Webster Foundation Rye, NH | $21,769,366 | $13,522,122 |
Elmina B Sewall Foundation Freeport, ME | $198,399,545 | $18,229,129 |
Lunder Foundation Portland, ME | $114,918 | $28,179,943 |
Otto And Fran Walter Foundation Inc Boothbay Harbor, ME | $14,780,673 | $2,403,803 |
The Jack & Dorothy Byrne Foundation Inc Hanover, NH | $178,090 | $5,355,970 |
The Birchtree Center Portsmouth, NH | $2,377,101 | $5,561,187 |
The Bill And Joan Alfond Foundation Portland, ME | $33,512,660 | $6,141,856 |
Friends Of Notre-Dame De Paris Inc Etna, NH | $24,880,670 | $12,372,128 |
Sam L Cohen Foundation Portland, ME | $30,483,258 | $3,967,796 |
Huber Foundation Falmouth, ME | $75,719,525 | $3,696,908 |