The Forte Foundation
- Assets
- $3.6m
- Revenue
- $5.4m
- Investments
- $0.0
- Employees
- 38
- Location
- Austin, TX
- Founding
- 01/2004
- Data as of
- 12/2021
- EIN
- 61-1457145
Organization Overview
The Forte Foundation is located in Austin, TX. The organization was established in 2004. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. As of 12/2021, Forte Foundation employed 38 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Forte 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, Forte Foundation generated $5.4m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 21.9% each year . All expenses for the organization totaled $4.4m during the year ending 12/2021. While expenses have increased by 19.7% per year over the past 7 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
LAUNCH WOMEN INTO FULFILLING, SIGNIFICANT CAREERS THROUGH ACCESS TO BUSINESS EDUCATION, PROFESSIONAL DEVELOPMENT, AND A COMMUNITY OF SUCCESSFUL WOMEN.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FORTE'S ALLIANCE LINKS TALENTED WOMEN, INFLUENTIAL COMPANIES, LEADING UNIVERSITIES AND BUSINESS SCHOOLS. TOGETHER THESE IMPORTANT PLAYERS COMMIT TO ADVANCING WOMEN IN BUSINESS. FORTE PROVIDES WOMEN EQUAL ACCESS TO AN INFRASTRUCTURE, INCLUDING BUSINESS EDUCATION, ROLE MODELS, PROFESSIONAL NETWORKS, AND LEADERSHIP TRAINING, THAT EMPOWERS THEM TO RETHINK WHAT'S POSSIBLE. FORTE'S KIT OF PRACTICAL TOOLS CAN CHANGE THEIR CAREER TRAJECTORIES AND EARNING POWER. OUR TOOLS AND PROGRAMS ARE TAILORED FOR WOMEN AT EVERY STAGE: COLLEGE, EARLY CAREER, MBA AND PROFESSIONAL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Elissa Ellis Sangster CEO | Officer | 40 | $218,695 |
Daniel Garza VP External Relations | 40 | $152,933 | |
Amy Orlov Director - Professional Programs | 40 | $148,433 | |
Ana Mccarthy Director - Corporate | 40 | $143,015 | |
Lisa Standley Director - Finance & Admin | 40 | $128,767 | |
Arrion Rathsack Director - Programs | 40 | $125,350 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $2,588,721 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $418,674 |
| All other contributions, gifts, grants, and similar amounts not included above | $248,312 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,255,707 |
| Total Program Service Revenue | $2,143,711 |
| Investment income | $1,033 |
| 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 | $5,400,451 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $20,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $242,307 |
| Compensation of current officers, directors, key employees. | $145,384 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,256,499 |
| Pension plan accruals and contributions | $92,851 |
| Other employee benefits | $209,668 |
| Payroll taxes | $195,762 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $16,838 |
| Fees for services: Accounting | $12,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $117,956 |
| Advertising and promotion | $297,585 |
| Office expenses | $68,412 |
| Information technology | $208,285 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $48,916 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $333,660 |
| Interest | $1,016 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $10,460 |
| All other expenses | $63,183 |
| Total functional expenses | $4,373,342 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $358,168 |
| Savings and temporary cash investments | $2,777,792 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $309,948 |
| 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 | $125,338 |
| 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 | $3,571,246 |
| Accounts payable and accrued expenses | $70,207 |
| Grants payable | $0 |
| Deferred revenue | $1,635,995 |
| 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 | $192,929 |
| Total liabilities | $1,899,131 |
| Net assets without donor restrictions | $1,672,115 |
| 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 | $3,571,246 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that The Forte Foundation has recieved totaling $82,006.
| Awarding Organization | Amount |
|---|---|
Graduate Management Admission Council Reston, VA PURPOSE: PROMOTING GMAC PRODUCTS, SERVICES, AND RESEARCH AND PROVIDING INDUSTRY SUPPORT. | $50,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $23,000 |
Principle Quest Foundation Wilmington, DE PURPOSE: CHARITABLE CONTRIBUTION | $9,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $6 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
New Mexico Educational Assistance Foundation Albuquerque, NM | $392,805,656 | $19,955,288 |
Greater Texas Foundation Bryan, TX | $0 | $15,972,442 |
Post Oak School Bellaire, TX | $33,296,853 | $15,447,844 |
American Indian Graduate Center Inc Albuquerque, NM | $28,393,677 | $10,605,933 |
Robert G Carr & Nona K Carr Scholarship Foundation San Angelo, TX | $175,014,798 | $4,176,344 |
Abell-Hanger Foundation Midland, TX | $130,201,135 | $12,262,823 |
J F Maddox Foundation Hobbs, NM | $240,372,497 | $15,567,055 |
Indigenous Education Inc Albuquerque, NM | $3,738,546 | $7,442,761 |
Higher Education Servicing Corp In Arlington, TX | $44,544,807 | $11,853,938 |
Brazos Higher Education Service Corporation Inc Waco, TX | $152,724,525 | $12,631,577 |
Smart Bowling Scholarship Funding Corporation Arlington, TX | $97,151,764 | $16,570,188 |
New Mexico Student Loan Guarantee Corporation Albuquerque, NM | $15,866,075 | $3,044,592 |