Further Forward Foundation Inc
- Assets
- $7.9m
- Revenue
- $165.7k
- Investments
- $7.5m
- Employees
- 0
- Location
- Babylon, NY
- Founding
- 10/2015
- Data as of
- 12/2021
- EIN
- 47-3993256
Organization Overview
Further Forward Foundation Inc is located in Babylon, NY. The organization was established in 2015. According to its NTEE Classification (T99) the organization is classified as: Philanthropy, Voluntarism & Grantmaking Foundations N.E.C., 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. Further Forward Foundation Inc 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, Further Forward Foundation Inc generated $165.7k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 5.4% each year. All expenses for the organization totaled $585.1k during the year ending 12/2021. While expenses have increased by 7.3% per year over the past 5 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.
Since 2017, Further Forward Foundation Inc has awarded 95 individual grants totaling $2,520,630. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jennifer M Combs President | 0 | $0 | |
Alexander C Combs III Vice President | 0 | $0 | |
Donald R Milligan Treasurer | 0 | $0 | |
Susan M Riley Secretary | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $26 |
| Dividends & Interest | $165,702 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $335,058 |
| Net ST Capital Gain | $281 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $165,728 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,207 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $13,536 |
| Total operating and administrative expenses | $75,943 |
| Contributions, gifts, grants paid | $509,130 |
| Total expenses and disbursements | $585,073 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $8,548 |
| Savings and temporary cash investments | $415,686 |
| 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 | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $882 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $7,875,666 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $661,130 |
| 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 | $661,130 |
Grants Awarded
Over the last fiscal year, Further Forward Foundation Inc has awarded $509,130 in support to 20 organizations.
| Grant Recipient | Amount |
|---|---|
New York, NY PURPOSE: DR. SOBEL COLLECTIONPRESERVATION FUND | $105,000 |
THE WILY NETWORK PURPOSE: SCHOLAR SUPPORT | $100,000 |
AFRICAN COMMUNITY EDUCATION PURPOSE: AFRICAN ARTS INEDUCATION | $70,000 |
New York, NY PURPOSE: EMERGING ARTIST PROGRAM | $50,000 |
MASSACHUSETTS MUSEUM OF ART PURPOSE: EJ HILL 2022EXHIBITION | $25,000 |
BRANDEIS UNIVERSITY PURPOSE: AR MEMORIALSCHOLARSHIP /ROSE MUSEUM | $25,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Dr Miriam And Sheldon G Adelson Medical Research Foundation Needham, MA | $9,824,950 | $46,333,953 |
Donald B And Dorothy L Stabler Foundation Harrisburg, PA | $483,040,822 | $63,822,611 |
Fund For Charitable Giving Pittsburgh, PA | $174,176,180 | $114,342,351 |
Hope For Youth Inc Amityville, NY | $10,865,800 | $14,335,992 |
Lauren And Lee Fixel Family Foundation Inc New York, NY | $40,185,371 | $21,974,777 |
Joy In Childhood Foundation Inc Canton, MA | $7,582,989 | $8,931,292 |
Joint Council For Economic Opportunity Of Clinton & Franklin Plattsburgh, NY | $5,357,972 | $10,698,049 |
Health Management Group Ltd Getzville, NY | $13,266,135 | $8,802,636 |
Roy Lichtenstein Foundation New York, NY | $85,182,586 | $2,378,185 |
Mccance Foundation Tr North Scituate, MA | $91,930,926 | $3,999,038 |
Childrens Dyslexia Centers Inc Lexington, MA | $70,604,540 | $15,265,584 |
North Central Area Agency On Aging Inc Hartford, CT | $1,856,134 | $6,505,484 |