Founding Forward
- Assets
- $19.8m
- Revenue
- $6.5m
- Investments
- $0.0
- Employees
- 9
- Location
- Philadelphia, PA
- Founding
- Data as of
- 06/2022
- EIN
- 26-1894379
Organization Overview
Founding Forward is located in Philadelphia, PA. According to its NTEE Classification (O11) the organization is classified as: Single Organization Support, under the broad grouping of Youth Development and related organizations. As of 06/2022, Founding Forward employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Founding Forward 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, Founding Forward generated $6.5m in total revenue. All expenses for the organization totaled $2.7m during the year ending 06/2022. While expenses have increased by 84.4% per year over the past 3 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE LEGACY FOUNDATION INSPIRES AND EDUCATES LEAGUE MEMBERS, STUDENTS, AND THE GREATER COMMUNITY TO BE ENGAGED AND RESPONSIBLE CITIZENS, GUIDED BY THE UNITED STATES CONSTITUTION AND THE HISTORY AND VALUES OF THE UNION LEAGUE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHOLARSHIPS - THE LEGACY FOUNDATION ADMINISTERS TWO SCHOLARSHIP PROGRAMS. THE UNION LEAGUE SCHOLARSHIP PROGRAM PROVIDES SCHOLARSHIPS TO DESERVING YOUNG MEN AND WOMEN FROM THE GREATER PHILADELPHIA REGION WHO PREVIOUSLY WERE AWARDED THE GOOD CITIZENSHIP AWARD. THE ABELE SCHOLARSHIP PROGRAM PROVIDES SCHOLARSHIPS FOR POST-SECONDARY EDUCATION TO CHILDREN/DEPENDENTS OF UNION LEAGUE EMPLOYEES. SCHOLARSHIPS RANGE FROM $750 TO $10,000 PER ANNUM.
PRESERVATION - THE LEGACY FOUNDATION HELPS PRESERVE THE HISTORIC PROPERTIES OF THE UNION LEAGUE OF PHILADELPHIA - THE LEAGUE HOUSE IN CENTER CITY AND GUARD HOUSE IN GLADWYNE.
EDUCATION AND OUTREACH - THE LEGACY FOUNDATION PRESENTS A NUMBER OF EDUCATIONAL PROGRAMS INCLUDING TOURS OF THE HISTORIC LEAGUE HOUSE, TREASURES FROM THE ARCHIVES PRESENTATIONS, EXHIBITS, SUPPORT FOR NATIONAL HISTORY DAY PHILADELPHIA, SPEAKER PROGRAMS, CIVICS EDUCATION (INCLUDING GOOD CITIZEN DAY).
COLLECTIONS - THE LEGACY FOUNDATION IS THE STEWARD OF AN EXTENSIVE CIVIL WAR COLLECTION THAT INCLUDES THE ARCHIVES OF THE MILITARY ORDER OF THE LOYAL LEGION OF THE UNITED STATES, THE CIVIL WAR MUSEUM OF PHILADELPHIA AND THE UNION LEAGUE OF PHILADELPHIA. THE COLLECTION IS OPEN TO THE PUBLIC FOR RESEARCH. IT HAS BEEN USED FOR DOZENS OF SCHOLARLY PUBLICATION OVER THE PAST SEVERAL YEARS.
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 |
|---|---|---|---|
Joan Carter Chair | OfficerTrustee | 3 | $0 |
Michael T Piotrowicz Vice Chair | OfficerTrustee | 3 | $0 |
Robert Ciaruffoli Treasurer | OfficerTrustee | 3 | $0 |
James P Dunigan Secretary | OfficerTrustee | 3 | $0 |
Timothy Alles Trustee | Trustee | 3 | $0 |
James Carll Trustee | Trustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $37,600 |
| Related organizations | $116,000 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $5,056,492 |
| Noncash contributions included in lines 1a–1f | $15,735 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,210,092 |
| Total Program Service Revenue | $0 |
| Investment income | $407,078 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $696,053 |
| Net Income from Fundraising Events | $76,841 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,453,189 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $283,295 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $164,978 |
| Compensation of current officers, directors, key employees. | $19,797 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $339,160 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $172,074 |
| Payroll taxes | $137,574 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,748 |
| Fees for services: Accounting | $27,599 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $60,021 |
| Fees for services: Other | $77,701 |
| Advertising and promotion | $31,852 |
| Office expenses | $99,165 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $407,959 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $17,192 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $145,416 |
| Insurance | $0 |
| All other expenses | $971 |
| Total functional expenses | $2,744,292 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,394,434 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $3,562,230 |
| 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 | $6,000 |
| Net Land, buildings, and equipment | $2,483,856 |
| Investments—publicly traded securities | $12,103,609 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $283,415 |
| Total assets | $19,833,544 |
| Accounts payable and accrued expenses | $297,648 |
| 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 | $0 |
| Total liabilities | $297,648 |
| Net assets without donor restrictions | $6,809,498 |
| Net assets with donor restrictions | $12,726,398 |
| 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 | $19,833,544 |