Race Forward
- Assets
- $41.8m
- Revenue
- $35.2m
- Investments
- $0.0
- Employees
- 84
- Location
- New York, NY
- Founding
- 09/1981
- Data as of
- 12/2021
- EIN
- 94-2759879
Organization Overview
Race Forward is located in New York, NY. The organization was established in 1981. According to its NTEE Classification (S50) the organization is classified as: Nonprofit Management, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, Race Forward employed 84 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Race Forward 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, Race Forward generated $35.2m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 31.7% each year . All expenses for the organization totaled $15.8m during the year ending 12/2021. While expenses have increased by 24.4% 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.
Since 2018, Race Forward has awarded 84 individual grants totaling $4,326,470. 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
RACE FORWARD CATALYZES RACIAL JUSTICE MOVEMENT BUILDING. IN PARTNERSHIP WITH COMMUNITIES, ORGANIZATIONS, AND SECTORS, WE BUILD STRATEGIES TO ADVANCE RACIAL JUSTICE IN OUR POLICIES, INSTITUTIONS, AND CULTURE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE SCHEDULE O.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Genia Wright Svp, Finance & Administration | Officer | 40 | $221,114 |
Glenn Harris President | Officer | 40 | $214,807 |
Jane Levison Svp, Development & Partnerships | Officer | 40 | $172,223 |
Julie Nelson Svp, Programs | Officer | 40 | $166,625 |
Randall Oakley Vp, Finance | 40 | $146,310 | |
Cathy Albisa Vp, Institutional & Sectoral Change | 40 | $136,586 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Strategies For Social Change Llc Org Assessment, Training, Strengthening, | 12/30/21 | $272,500 |
O&g Racial Equity Collaborative Llc Training Svcs/technical Support | 12/30/21 | $235,630 |
Kirani Llc Technical Support And General Digital Co | 12/30/21 | $223,284 |
Nonprofit Hr Solutions Llc Human Resources Consultation And Support | 12/30/21 | $176,681 |
Tasia Ahuja Smith Salesforce Project Management | 12/30/21 | $123,350 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,276,045 |
| All other contributions, gifts, grants, and similar amounts not included above | $30,535,972 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $31,812,017 |
| Total Program Service Revenue | $3,347,508 |
| Investment income | $17,317 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $20,900 |
| 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 | $35,206,795 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,032,100 |
| 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. | $903,180 |
| Compensation of current officers, directors, key employees. | $213,994 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $5,018,876 |
| Pension plan accruals and contributions | $119,697 |
| Other employee benefits | $1,203,344 |
| Payroll taxes | $483,001 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $62,261 |
| Fees for services: Accounting | $416,187 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $4,665,407 |
| Advertising and promotion | $33,213 |
| Office expenses | $86,173 |
| Information technology | $428,964 |
| Royalties | $0 |
| Occupancy | $455,506 |
| Travel | $29,823 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $56,162 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $104,239 |
| Insurance | $49,510 |
| All other expenses | $205,480 |
| Total functional expenses | $15,756,644 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $27,777,601 |
| Savings and temporary cash investments | $4,920,817 |
| Pledges and grants receivable | $7,726,792 |
| 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 | $148,934 |
| Net Land, buildings, and equipment | $1,201,537 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $41,775,681 |
| Accounts payable and accrued expenses | $881,085 |
| Grants payable | $0 |
| Deferred revenue | $415,874 |
| 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 | $42,741 |
| Total liabilities | $1,339,700 |
| Net assets without donor restrictions | $23,641,394 |
| Net assets with donor restrictions | $16,794,587 |
| 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 | $41,775,681 |
Grants Awarded
Over the last fiscal year, Race Forward has awarded $1,020,000 in support to 20 organizations.
| Grant Recipient | Amount |
|---|---|
Hanahan, SC PURPOSE: TO PROVIDE GENERAL OPERATING SUPPORT | $75,000 |
Santa Fe, NM PURPOSE: TO PROVIDE GENERAL OPERATING SUPPORT FOR GENERATION JUSTICE | $75,000 |
Austin, TX PURPOSE: TO PROVIDE GENERAL OPERATING SUPPORT | $75,000 |
THE BLACK SWAN ACADEMY INC PURPOSE: TO PROVIDE GENERAL OPERATING SUPPORT | $75,000 |
Oakland, CA PURPOSE: TO PROVIDE GENERAL OPERATING SUPPORT | $75,000 |
Durham, NC PURPOSE: TO PROVIDE GENERAL OPERATING SUPPORT FOR REFUND RALEIGH | $75,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Race Forward has recieved totaling $750.
| Awarding Organization | Amount |
|---|---|
Mckee Foundation Inc Indianapolis, IN PURPOSE: CHARITABLE | $750 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Grhs Foundation Inc Rochester, NY | $150,651,211 | $43,275,253 |
Phoebe Services Inc Allentown, PA | $13,209,475 | $32,050,372 |
Hispanic Federation Inc New York, NY | $50,299,555 | $50,097,384 |
Common Fund For Non-Profit Organizations Wilton, CT | $4,189,942,831 | $274,004,992 |
Affiliates Risk Management Services Inc New York, NY | $25,877,262 | $29,825,362 |
New Profit Inc Boston, MA | $113,525,114 | $77,118,974 |
Nonprofit Finance Fund New York, NY | $319,614,124 | $35,516,704 |
Npower Inc Brooklyn, NY | $16,868,984 | $22,673,461 |
Program Development Services Inc Brooklyn, NY | $16,969,361 | $21,610,144 |
Project Social Care Head Start Brooklyn, NY | $6,318,610 | $20,235,501 |
Race Forward New York, NY | $41,775,681 | $35,206,795 |
Doris Duke Management Foundation New York, NY | $16,535,132 | $14,155,611 |