William Guy Forbeck Research Foundation
- Assets
- $3.8m
- Revenue
- $161.4k
- Investments
- $0.0
- Employees
- 2
- Location
- Carbondale, CO
- Founding
- 07/1985
- Data as of
- 12/2022
- EIN
- 57-0788084
Organization Overview
William Guy Forbeck Research Foundation is located in Carbondale, CO. The organization was established in 1985. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2022, William Guy Forbeck Research Foundation employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. William Guy Forbeck Research 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 12/2022, William Guy Forbeck Research Foundation generated $161.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (9.4%) each year. All expenses for the organization totaled $754.5k during the year ending 12/2022. 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
PROMOTES ADVANCES IN CANCER RESEARCH THROUGH COLLABORATION
Describe the Organization's Program Activity:
Part 3 - Line 4a
FORBECK FORUMS & FORBECK SCHOLAR RETREAT:INTIMATE THREE-DAY MEETINGS WHICH INCLUDE "THINK TANKS" FOR SOME OF THE LEADING INTERNATIONAL CANCER RESEARCHERS AND EARLY-CAREER ONCOLOGY INVESTIGATORS WITH GREAT FUTURE PROMISE. THESE EVENTS OFFER EDUCATIONAL, CAREER DEVELOPMENT AND NETWORKING OPPORTUNITIES.
SCIENTIFIC ADVISORY BOARD (SAB):A SMALL COMMITTEE OF WELL RESPECTED PHYSICIANS AND SCIENTISTS FROM THE ARENAS OF CANCER BIOLOGY AND CLINICAL CARE, THAT ASSIST TO DRIVE THE MISSION OF THE FOUNDATION. THE SAB ADVISES THE BOARD OF DIRECTORS ON THE SCIENTIFIC ACTIVITES OF THE FOUNDATION. ITS PRINCIPAL COMMITMENT IS THE SELECTION OF TOPICS AND ATTENDEES FOR SCIENTIFIC MEETINGS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ms Jamie F Collins Executive Director | OfficerTrustee | 40 | $105,643 |
Mr Galen Eckland Director | Trustee | 2 | $0 |
Mr Matthew M Gerdes Director/treasurer | OfficerTrustee | 4 | $0 |
Mr Aaron H Jesser Director | Trustee | 20 | $60,000 |
Mr Charles H Jesser Director/president | OfficerTrustee | 4 | $0 |
Mr Patrick Joyce Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $18,143 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $94,224 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $112,367 |
| Total Program Service Revenue | $0 |
| Investment income | $75,787 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$34,244 |
| Net Income from Fundraising Events | -$3,071 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $161,393 |
| 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. | $165,643 |
| Compensation of current officers, directors, key employees. | $26,411 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $8,900 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $9,008 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $23,475 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $8,168 |
| Office expenses | $3,243 |
| Information technology | $3,830 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $220,476 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $305,419 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,723 |
| All other expenses | $0 |
| Total functional expenses | $754,542 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $557,662 |
| 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 | $67,261 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $3,139,061 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,763,984 |
| Accounts payable and accrued expenses | $94,097 |
| 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 | $94,097 |
| Net assets without donor restrictions | $3,669,887 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $3,763,984 |
Grants Awarded
Over the last fiscal year, William Guy Forbeck Research Foundation has awarded $451,247 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
THE UNIVERSITY OF NORTH CAROLINA AT CHAPEL HILL PURPOSE: COLLABERATIVE CANCER RESEARCH | $80,000 |
VANDERBILT UNIVERSITY MEDICAL CENTER PURPOSE: COLLABERATIVE CANCER RESEARCH | $80,000 |
THE UNIVERSITY OF CHICAGO PURPOSE: DEVELOPMENT OF INTEREACTIVE INRG DATABASE | $129,675 |
DANA-FARBER CANCER INSTITUTE PURPOSE: COLLABERATIVE CANCER RESEARCH | $80,786 |
THE BROAD INSTITUTE INC PURPOSE: COLLABERATIVE CANCER RESEARCH | $80,786 |