Liabilities / Assets
81st percentile
Higher debt load relative to assets than 81% of similar nonprofits.
Business Forum Foundation
990EZ • Fiscal year 2023 • EIN 39-1646203
Siviq Scores
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
0.12x
Liabilities / Revenue
92nd percentile
Higher debt load relative to revenue than 92% of similar nonprofits.
Net Margin
15th percentile
Higher net margin than 15% of similar nonprofits.
Top Officer Pay
78th percentile
Higher top officer pay than 78% of similar nonprofits.
Top officer pay equals 0.0% of source-year revenue.
Asset Growth
39th percentile
Faster asset growth than 39% of similar nonprofits.
Revenue Growth
34th percentile
Faster revenue growth than 34% of similar nonprofits.
Balance Sheet
Assets
Down$89,558
Down $4,291 (-4.6%) from 2022
Net Assets
Down$78,663
Down $2,376 (-2.9%) from 2022
Liabilities
Down$10,895
Down $1,915 (-15%) from 2022
Revenue And Expenses
Revenue
Down$22,773
Down $2,222 (-8.9%) from 2022
Expenses
Up$29,424
Up $4,906 (+20%) from 2022
Net Income
Down-$6,651
Down $7,128 (-1494%) from 2022
Historical Trend
Jump To
Filing Snapshot
- Filing Period
- Jul 1, 2022 to Jun 30, 2023
- Signed
- May 14, 2024
- Return Version
- 2022v5.0
- Gross Receipts
- $36,765
Mission and Program Overview
Mission
The organization raises funds through special events and contributions to provide scholarships to new and returning adult women college students on an annual basis.
To organization raises funds through special events and contributions to provide scholarships to new and returning adult women college students on an annual basis.
Program Services
| Description | Grants | Expenses |
|---|---|---|
| The organization holds various fundraising events throughout the year to raise funds to provide scholarships to new and returning adult women college students. The student must reside in Dane County, Wisconsin, be planning or have begun to continue their education in a four-year, two-year, or adult education extension curriculum or technical or vocational program in Wisconsin. Online coursework must be done through an accredited licensed institution with a physical presence in Wisconsin. The student must be pursuing higher education in preparation for a professional, business, or entrepreneurial career. The student must have a record of academic performance balanced with community involvement, outside interests, and experiences. Finally, the student must demonstrate financial need. A total of six scholarships to six students were awarded during the year ended June 30, 2023, and ranged in amount from $900 to $2,800. No revenue is derived from this activity. | $8,000 | $35,307 |
Compensation and Service Providers
Employees
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| Carrie Waters Schmidt | President | - | $0 | - | - |
| Chassidy Comella | President Elect | - | $0 | - | - |
| Cora Decorah | Treasurer | - | $0 | - | - |
| Sarah Ripp | Secretary | - | $0 | - | - |
| Ngina Ali | Director | - | $0 | - | - |
| Tasha McKenzie | Director | - | $0 | - | - |
| Shyla Gorham Martin | Director | - | $0 | - | - |
| Jennifer Ridley-Hanson | Director | - | $0 | - | - |
| Lisa Spadoni | Director | - | $0 | - | - |
| Sarah Barnes | Director | - | $0 | - | - |
| Kim Burlage | Director | - | $0 | - | - |
| Samantha Nelson | Director | - | $0 | - | - |
| Eva Smith | Director | - | $0 | - | - |
| Lori Huston-Dinga | Past President | - | $0 | - | - |
| Sehade Sejdini | Director | - | $0 | - | - |
| Ashley Franklin | Director | - | $0 | - | - |
Governance and Compliance
Governance Explanations
Form 990-EZ, Part VI, Line 49
“Business Forum Foundation has a joint board of directors with Business Forum Inc, a 501(c)(6) organization, and shares supplies, mailing lists, software subscriptions, etc. with the organization. Business Forum Inc pays for shared annual subscriptions, such as software usage and PO Box renewal, and Business Forum Foundation reimburses it for its portion of such expenses. Additionally, Business Forum Inc initially collects funds for event registrations on behalf of Business Forum Foundation and then transfers all of such funds to Business Forum Foundation.”
Filing and Contact Details
Filer
- Filer Name
- Business Forum Foundation
- EIN
- 39-1646203
- Phone
- 6088381019
- Address
- PO Box 8532, Madison, WI 53708
Signing Officer
- Name
- Cora Decorah
- Title
- Treasurer
- Phone
- 6086162906
- Signed
- 2024-05-14
Supplemental Narrative
Additional Explanations
Form 990-EZ, Part I, Line 16
“This includes meeting, telephone, website, credit card processing fees, and miscellaneous expenses.”
Form 990-EZ, Part I, Line 20
“Scholarship recipients have 2 years from the time they are awarded their scholarships to utilize the funds. This is the amount of unawarded scholarship funds that were not utilized after 2 years lapsed.”
Form 990-EZ, Part II, Line 24
“This includes accounts receivable and prepaid expenses.”
Form 990-EZ, Part II, Line 26
“This includes accounts payable, community investment payable, credit card balance, and deferred revenue.”
Raw XML Appendix246 raw XML fields
This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.
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| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 12 | Director |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 13 | Past President |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 14 | Director |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 15 | Director |
| IRS990EZ/OperateHospitalInd | 0 | 0 |
| IRS990EZ/Organization501c3Ind | 0 | X |
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| IRS990EZ/PartVIOfCompOfHghstPdEmplTxt | 0 | NONE |
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| IRS990EZ/PrimaryExemptPurposeTxt | 0 | To organization raises funds through special events and contributions to provide scholarships to new and returning adult women college students on an annual basis. |
| IRS990EZ/PrintingPublicationsPostageAmt | 0 | 260 |
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| IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt | 0 | The organization holds various fundraising events throughout the year to raise funds to provide scholarships to new and returning adult women college students. The student must reside in Dane County, Wisconsin, be planning or have begun to continue their education in a four-year, two-year, or adult education extension curriculum or technical or vocational program in Wisconsin. Online coursework must be done through an accredited licensed institution with a physical presence in Wisconsin. The student must be pursuing higher education in preparation for a professional, business, or entrepreneurial career. The student must have a record of academic performance balanced with community involvement, outside interests, and experiences. Finally, the student must demonstrate financial need. A total of six scholarships to six students were awarded during the year ended June 30, 2023, and ranged in amount from $900 to $2,800. No revenue is derived from this activity. |
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| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | This includes meeting, telephone, website, credit card processing fees, and miscellaneous expenses. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | Scholarship recipients have 2 years from the time they are awarded their scholarships to utilize the funds. This is the amount of unawarded scholarship funds that were not utilized after 2 years lapsed. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | This includes accounts receivable and prepaid expenses. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | This includes accounts payable, community investment payable, credit card balance, and deferred revenue. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 4 | Business Forum Foundation has a joint board of directors with Business Forum Inc, a 501(c)(6) organization, and shares supplies, mailing lists, software subscriptions, etc. with the organization. Business Forum Inc pays for shared annual subscriptions, such as software usage and PO Box renewal, and Business Forum Foundation reimburses it for its portion of such expenses. Additionally, Business Forum Inc initially collects funds for event registrations on behalf of Business Forum Foundation and then transfers all of such funds to Business Forum Foundation. |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | Form 990-EZ, Part I, Line 16 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | Form 990-EZ, Part I, Line 20 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | Form 990-EZ, Part II, Line 24 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | Form 990-EZ, Part II, Line 26 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 4 | Form 990-EZ, Part VI, Line 49 |
| ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd | 0 | AAL2 |
| ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/LastSubmissionRqrOOBCd | 0 | 0 |
| ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/OOBSecurityVerificationCd | 0 | 11 |
| ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd | 0 | 1 |
| ReturnHeader/BuildTS | 0 | 2023-04-26 12:10:37Z |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | Cora Decorah |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | Treasurer |
| ReturnHeader/BusinessOfficerGrp/PhoneNum | 0 | 6086162906 |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2024-05-14 |
| ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt | 0 | BUSINESS FORUM FOUNDATION |
| ReturnHeader/Filer/BusinessNameControlTxt | 0 | BUSI |
| ReturnHeader/Filer/EIN | 0 | 391646203 |
| ReturnHeader/Filer/PhoneNum | 0 | 6088381019 |
| ReturnHeader/Filer/USAddress/AddressLine1Txt | 0 | PO Box 8532 |
| ReturnHeader/Filer/USAddress/CityNm | 0 | Madison |
| ReturnHeader/Filer/USAddress/StateAbbreviationCd | 0 | WI |
| ReturnHeader/Filer/USAddress/ZIPCd | 0 | 53708 |
| ReturnHeader/IRSResponsiblePrtyInfoCurrInd | 0 | 1 |
| ReturnHeader/ReturnTs | 0 | 2024-05-14T21:34:59-07:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990EZ |
| ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm | 0 | Cora |
| ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm | 0 | Decorah |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2022-07-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2023-06-30 |
| ReturnHeader/TaxYr | 0 | 2022 |
Document Assets
No mirrored PDF or thumbnail assets are attached yet.
Filings
Displayed year
2023 • Form 990EZDetailed filing. Detailed filing data is available for this year.
- Assets
- $89,558
- Liabilities
- $10,895
- Net assets
- $78,663
- Revenue
- $22,773
- Expenses
- $29,424
- Net income
- -$6,651