Norfolk Forum Incorporated
- Assets
- $452.4k
- Revenue
- $386.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Norfolk, VA
- Founding
- 01/2020
- Data as of
- 06/2023
- EIN
- 54-6053037
Organization Overview
Norfolk Forum Incorporated is located in Norfolk, VA. The organization was established in 2020. According to its NTEE Classification (A70) the organization is classified as: Humanities, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Norfolk Forum Incorporated 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 06/2023, Norfolk Forum Incorporated generated $386.5k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.7% each year. All expenses for the organization totaled $335.9k during the year ending 06/2023. While expenses have increased by 0.7% per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE A FORUM FOR SPEAKERS TO RAISE AWARENESS AND INCREASE INVOLVEMENT IN THE COMMUNITY
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE A FORUM FOR SPEAKERS TO RAISE AWARENESS AND INCREASE INVOLVEMENT IN THE COMMUNITY
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mr Jason R Davis President | OfficerTrustee | 20 | $0 |
Honorable Blythe Scott First Vice President | OfficerTrustee | 10 | $0 |
Mrs Sandra Porter Leon Second Vice President | OfficerTrustee | 10 | $0 |
Dr Wood Selig Secretary | OfficerTrustee | 10 | $0 |
Mr Charles S Nusbaum Treasurer | OfficerTrustee | 10 | $0 |
Dr Alfred Abuhamad Director | Trustee | 10 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Washington Speakers Bureau Provides Speakers | 6/29/17 | $157,000 |
Worldwide Speakers Bureau Provides Speakers | 6/29/17 | $119,938 |
Financial Statements
| 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 | $211,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $211,000 |
| Total Program Service Revenue | $167,528 |
| Investment income | $7,984 |
| 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 | $386,512 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,319 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $47,125 |
| Advertising and promotion | $22,145 |
| Office expenses | $12,159 |
| Information technology | $4,535 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $2,763 |
| 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 | $3,179 |
| All other expenses | $585 |
| Total functional expenses | $335,942 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $93,199 |
| Savings and temporary cash investments | $248,814 |
| Pledges and grants receivable | $0 |
| 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 | $110,349 |
| 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 | $452,362 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $36,960 |
| 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 | $36,960 |
| 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 | $415,402 |
| Total liabilities and net assets/fund balances | $452,362 |