Business Forum Foundation
- Assets
- $93.8k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Madison, WI
- Founding
- 12/1989
- Data as of
- 06/2022
- EIN
- 39-1646203
Organization Overview
Business Forum Foundation is located in Madison, WI. The organization was established in 1989. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, 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. Business 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 06/2022, Business Forum Foundation generated $25.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (3.8%) each year. All expenses for the organization totaled $24.5k during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
THE ORGANIZATION HOLDS VARIOUS FUNDRAISING EVENTS THROUGHOUT THE YEAR TO RAISE FUNDS TO PROVIDE SCHOLARSHIPS TO NEW AND RETURNING ADULT WOMEN COLLEGE STUDENTS. THE STUDENT MUST RESIDE IN DANE COUNTY, WISCONSIN, BE PLANNING OR HAVE BEGUN TO CONTINUE THEIR EDUCATION IN A FOUR-YEAR, TWO-YEAR, OR ADULT EDUCATION EXTENSION CURRICULUM OR TECHNICAL OR VOCATIONAL PROGRAM IN WISCONSIN. ONLINE COURSEWORK MUST BE DONE THROUGH AN ACCREDITED LICENSED INSTITUTION WITH A PHYSICAL PRESENCE IN WISCONSIN. THE STUDENT MUST BE PURSUING HIGHER EDUCATION IN PREPARATION FOR A PROFESSIONAL, BUSINESS, OR ENTREPRENEURIAL CAREER. THE STUDENT MUST HAVE A RECORD OF ACADEMIC PERFORMANCE BALANCED WITH COMMUNITY INVOLVEMENT, OUTSIDE INTERESTS, AND EXPERIENCES. FINALLY, THE STUDENT MUST DEMONSTRATE FINANCIAL NEED. A TOTAL OF FOUR SCHOLARSHIPS TO FOUR STUDENTS WERE AWARDED DURING THE YEAR ENDED JUNE 30, 2022, AND RANGED IN AMOUNT FROM $1,000 TO $3,500. NO REVENUE IS DERIVED FROM THIS ACTIVITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Carrie Waters Schmidt President | 2 | $0 | |
Chassidy Comella President Elect | 2 | $0 | |
Sarah Ripp Secretary | 3 | $0 | |
Ngina Ali Director | 1 | $0 | |
Lori Huston-Dinga Past President | 2 | $0 | |
Tasha Mckenzie Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $27,775 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | -$2,780 |
| Other Revenue | $0 |
| Total Revenue | $24,995 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $15,000 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $2,018 |
| Total expenses | $24,518 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $84,704 |
| Other assets | $0 |
| Total assets | $93,849 |
| Total liabilities | $12,810 |
| Net assets or fund balances | $81,039 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Business Forum Foundation has recieved totaling $15,027.
| Awarding Organization | Amount |
|---|---|
Madison Community Foundation Madison, WI PURPOSE: SCHOLARSHIP AWARD | $15,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $27 |
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Alfred I Dupont Awards Foundation Chicago, IL | $0 | $4,985,997 |
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Rsm Us Foundation Davenport, IA | $13,920,904 | $7,669,329 |
Cleveland Avenue Foundation For Education Group Chicago, IL | $12,236,345 | $15,309,295 |
Western Illinois Regional Council Community Action Agency Macomb, IL | $2,081,443 | $6,378,655 |
Pleasant T Rowland Foundation Brookfield, WI | $94,312,384 | $11,804,849 |
Guaranteed Rate Foundation Nfp Chicago, IL | $1,798,790 | $5,812,096 |
Perkins Malo Hunter Foundation Holland, MI | $51,295,166 | -$331,905 |