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
Name (title) | Role | Hours | Compensation |
---|---|---|---|
James Doyle Director | OfficerTrustee | 20 | $286,096 |
Elizabeth Fairchild Director | Trustee | 20 | $170,000 |
Adam Hitchcock Director | Trustee | 1 | $0 |
Marisa Renee Lee Director | Trustee | 1 | $0 |
Bill Flanagan Director | Trustee | 1 | $0 |
Sam Brown Director | Trustee | 1 | $0 |
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 |
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 FOR PUBLIC EDUCATION ON THE ECONOMIC BENEFITS OF DIVERSITY AND TOLERANCE | $150,000 |
Democracy Fund Inc Washington, DC PURPOSE: PROGRAM SUPPORT TO EDUCATE THE PUBLIC ABOUT 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 |
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 |