The Forbes Funds

“Business relationship: elisabeth schroeder and fred brown.”

“The organization's bylaws provide for nine directors. At all times, five directors elected by the pittsburgh foundation shall be nominated by the directors of the corporation, subject to approval of the pittsburgh foundation. In addition, four directors shall be elected by the directors of the forbes funds.”

“The pittsburgh foundation has the authority to approve all modifications to the articles of incorporation of the forbes funds regarding all mergers, consolidations, divisions, sales of substantially all assets and any dissolution or liquidation. The pittsburgh foundation may remove from office any director elected by the pittsburgh foundation. The pittsburgh foundation has the authority to approve amendments to the bylaws.”

“The organization does not have any committees with authority to act on behalf of the governing body.”

“The organization provides its board members with an electronic copy of the form 990 for review before it is filed. Prior to distribution, the form 990 is reviewed by the president and the chief operating officer of the forbes funds in conjunction with the pittsburgh foundation.”

“The organization requires each trustee to file a written declaration with the forbes funds stating affiliations and potential conflicts of interest upon joining as a trustee and once each year thereafter.”

“The president's compensation and benefits are in alignment with all compensation, benefit and personnel hr policies of the supported organization, the pittsburgh foundation. An annual performance plan for the president is reviewed and discussed by the board at quarterly board meetings as part of the president's report. Current year compensation levels are reasonable and within survey benchmark levels for comparable positions. The board chair works directly with the president of the pittsburgh foundation to establish compensation and incentive levels for the president that are guided by his performance and are in accordance with criteria set forth by an independent nonprofit advisor.”

“The organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon request.”

“Scott lammie and brian k. Parker are non-voting emeritus board members in 2022”

“The mission of the forbes funds is to focus on strengthening the management capacity and impact of community nonprofits individually and collectively. This mission is accomplished through capacity building, social innovation and the greater pittsburgh nonprofit partnership.”

“Admin form creation: program service expenses 9,612. Management and general expenses 0. Fundraising expenses 0. Total expenses 9,612. Alliance activities: program service expenses 45,000. Management and general expenses 0. Fundraising expenses 0. Total expenses 45,000. Annual report prep: program service expenses 2,800. Management and general expenses 0. Fundraising expenses 0. Total expenses 2,800. Black equity coalition: program service expenses 25,347. Management and general expenses 0. Fundraising expenses 0. Total expenses 25,347. Broadcast calling: program service expenses 3,949. Management and general expenses 0. Fundraising expenses 0. Total expenses 3,949. Capacity bldg mon metro: program service expenses 15,000. Management and general expenses 0. Fundraising expenses 0. Total expenses 15,000. Career development: program service expenses 2,100. Management and general expenses 0. Fundraising expenses 0. Total expenses 2,100. Coaching: program service expenses 20,000. Management and general expenses 0. Fundraising expenses 0. Total expenses 20,000. Community engagement: program service expenses 67,298. Management and general expenses 0. Fundraising expenses 0. Total expenses 67,298. Computer services: program service expenses 2,800. Management and general expenses 0. Fundraising expenses 0. Total expenses 2,800. Data analysis: program service expenses 7,283. Management and general expenses 0. Fundraising expenses 0. Total expenses 7,283. Database mgmt: program service expenses 11,337. Management and general expenses 0. Fundraising expenses 0. Total expenses 11,337. Education program: program service expenses 10,000. Management and general expenses 0. Fundraising expenses 0. Total expenses 10,000. Emerging directors project: program service expenses 1,000. Management and general expenses 0. Fundraising expenses 0. Total expenses 1,000. Executive in residence: program service expenses 21,892. Management and general expenses 0. Fundraising expenses 0. Total expenses 21,892. Fellow intern: program service expenses 1,500. Management and general expenses 3,000. Fundraising expenses 0. Total expenses 4,500. Finance consultant: program service expenses 0. Management and general expenses 55,998. Fundraising expenses 0. Total expenses 55,998. Grant review: program service expenses 2,643. Management and general expenses 0. Fundraising expenses 0. Total expenses 2,643. Health services: program service expenses 5,953. Management and general expenses 0. Fundraising expenses 0. Total expenses 5,953. Management consulting: program service expenses 78,130. Management and general expenses 0. Fundraising expenses 0. Total expenses 78,130. Marketing: program service expenses 2,475. Management and general expenses 0. Fundraising expenses 0. Total expenses 2,475. Meals on wheels project: program service expenses 45,000. Management and general expenses 0. Fundraising expenses 0. Total expenses 45,000. Media consultant: program service expenses 4,729. Management and general expenses 0. Fundraising expenses 0. Total expenses 4,729. Mentor program: program service expenses 10,350. Management and general expenses 0. Fundraising expenses 0. Total expenses 10,350. Multimedia: program service expenses 29,908. Management and general expenses 0. Fundraising expenses 0. Total expenses 29,908. Needs assessment project: program service expenses 9,200. Management and general expenses 0. Fundraising expenses 0. Total expenses 9,200. Neighborhood engagement: program service expenses 44,550. Management and general expenses 0. Fundraising expenses 0. Total expenses 44,550. Newsletter production: program service expenses 13,571. Management and general expenses 0. Fundraising expenses 0. Total expenses 13,571. Nonprofit consultant: program service expenses 1,650. Management and general expenses 0. Fundraising expenses 0. Total expenses 1,650. Organizational performance consulting: program service expenses 2,160. Management and general expenses 0. Fundraising ex”

“Grant cancellations 28,729. Change in pension valuation 40,004.”

“The board of directors assumes responsibility for oversight of the audit. This process has not changed from the prior year.”