Civic Intelligence

The Forward Fund Inc

990 • Fiscal year 2019 • EIN 45-4590140

Jan 01, 2019 to Dec 31, 2019 • Filed on Nov 13, 2020

125 Maiden LaneNew York, NY 10038

(212) 889-8200

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

12th percentile

0.01x

Higher debt load relative to assets than 12% of similar nonprofits.

2019 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2019

Liabilities / Revenue

51st percentile

0.30x

Higher debt load relative to revenue than 51% of similar nonprofits.

2019 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2019

Net Margin

2nd percentile

-159%

Higher net margin than 2% of similar nonprofits.

2019 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2019

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2019

Asset Growth

48th percentile

3.7%

Faster asset growth than 48% of similar nonprofits.

2019 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2018 to 2019

Revenue Growth

5th percentile

-46%

Faster revenue growth than 5% of similar nonprofits.

2019 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2018 to 2019

Assets

Up

$33,369,751

Up $1,182,486 (+3.7%) from 2018

Net Assets

Up

$33,005,432

Up $824,966 (+2.6%) from 2018

Liabilities

Up

$364,319

Up $357,520 (+5258%) from 2018

Revenue

Down

$1,215,690

Down $1,052,388 (-46%) from 2018

Expenses

Down

$3,146,162

Down $1,330,698 (-30%) from 2018

Net Income

Up

-$1,930,472

Up $278,310 (+13%) from 2018

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$60M$40M$20M$0Assets 2011: $1Liabilities 2011: $02011Assets 2013: $0Liabilities 2013: $0Net Assets 2013: $02013Assets 2014: $0Liabilities 2014: $0Net Assets 2014: $02014Assets 2015: $44,683,436Liabilities 2015: $338,944Net Assets 2015: $44,344,4922015Assets 2016: $38,538,703Liabilities 2016: $28,891Net Assets 2016: $38,509,8122016Assets 2017: $37,768,723Liabilities 2017: $94,736Net Assets 2017: $37,673,9872017Assets 2018: $32,187,265Liabilities 2018: $6,799Net Assets 2018: $32,180,4662018Assets 2019: $33,369,751Liabilities 2019: $364,319Net Assets 2019: $33,005,4322019Assets 2020: $34,833,865Liabilities 2020: $614,277Net Assets 2020: $34,219,5882020Assets 2021: $35,008,082Liabilities 2021: $887,125Net Assets 2021: $34,120,9572021Assets 2022: $28,381,166Liabilities 2022: $1,193,131Net Assets 2022: $27,188,0352022Assets 2023: $27,923,676Liabilities 2023: $1,534,134Net Assets 2023: $26,389,5422023Assets 2024: $27,687,244Liabilities 2024: $1,945,393Net Assets 2024: $25,741,8512024

Highlighted filing

2019

Assets$33,369,751
Liabilities$364,319
Net Assets$33,005,432

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$10M$5.0M$0-$5.0M-$10MRevenue 2011: $0Expenses 2011: $0Net Income 2011: $02011Revenue 2013: $0Expenses 2013: $0Net Income 2013: $02013Revenue 2014: $0Expenses 2014: $0Net Income 2014: $02014Revenue 2015: $916,853Expenses 2015: $6,278,801Net Income 2015: -$5,361,9482015Revenue 2016: -$184,007Expenses 2016: $7,426,338Net Income 2016: -$7,610,3452016Revenue 2017: $1,382,822Expenses 2017: $4,821,959Net Income 2017: -$3,439,1372017Revenue 2018: $2,268,078Expenses 2018: $4,476,860Net Income 2018: -$2,208,7822018Revenue 2019: $1,215,690Expenses 2019: $3,146,162Net Income 2019: -$1,930,4722019Revenue 2020: $3,030,017Expenses 2020: $2,247,771Net Income 2020: $782,2462020Revenue 2021: $1,711,141Expenses 2021: $2,201,961Net Income 2021: -$490,8202021Revenue 2022: $830,155Expenses 2022: $3,249,642Net Income 2022: -$2,419,4872022Revenue 2023: $961,330Expenses 2023: $3,198,828Net Income 2023: -$2,237,4982023Revenue 2024: $1,308,164Expenses 2024: $2,307,908Net Income 2024: -$999,7442024

Highlighted filing

2019

Revenue$1,215,690
Expenses$3,146,162
Net Income-$1,930,472
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Nov 13, 2020
Return Version
2019v5.1
Gross Receipts
$7,037,495
Mission and Program Overview

Mission

The mission of the forward fund, inc. Is to promote and strengthen jewish peoplehood, culture and heritage by supporting and benefiting the forward association inc.

Promote and strengthen jewish peoplehood, culture and heritage by supporting and benefiting the forward association inc.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$20,748,440$22,665,640▲ $1,917,200
Land, Buildings, and Equipment, Net$10,750,863$10,378,852▼ $372,011
Savings and Temporary Cash Investments$362,782$292,975▼ $69,807
Prepaid Expenses and Deferred Charges$57,883$32,284▼ $25,599
Total Assets$32,187,265$33,369,751▲ $1,182,486
Other Assets Total$267,297$0▼ $267,297
Liabilities
Other Liabilities$0$357,237▲ $357,237
Accounts Payable and Accrued Expenses$6,799$7,082▲ $283
Total Liabilities$6,799$364,319▲ $357,520
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$32,180,466$33,005,432▲ $824,966
Total Net Assets Fund Balance$32,180,466$33,005,432▲ $824,966
Total Liabilities and Net Assets / Fund Balance$32,187,265$33,369,751▲ $1,182,486

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$10,378,852$3,852,365$14,231,217
Compensation and Service Providers

Board Members and Trustees

NameTitle
Jacob MorowitzChair
Ellen GibbsInvestment Policy Comm Chair
Samuel NorichPresident
Alan SilbersteinVice-chair
Rachel Fishman FeddersenCEO & Publisher
Kathleen PeratisSecretary
Ron SernauTreasurer
Alan BendichVP, Finance and Operations
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$1,066,800
Other Revenue
$148,890
Change in Net Assets
$-1,930,472
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$2,448,607
Other Expenses$697,555
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$2,448,607--$2,448,607
Depreciation Depletion-$372,011-$372,011
Occupancy-$297,529-$297,529
Fees for Service Investment Mgmnt Fees-$28,015-$28,015
Total Functional Expenses$2,448,607$697,555$0$3,146,162
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
The Forward Association IncNew York, NY501 (c) (3)General Support$2,448,607
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to Related Organization$357,237
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

The corporation's sole member shall be the forward association, inc.,

Form 990, Part VI, Section A, Line 7A

The initial board of directors of the corporation shall consist of the directors named in the certificate of incorporation. Thereafter, the board of directors shall consist of the elected officers of the sole member or elected by the member.

Form 990, Part VI, Section B, Line 11B

Prior to submission with the irs the form 990 was provided to the board for review. Any questions that arose were discussed with management and was resolved prior to filing.

Form 990, Part VI, Section C, Line 19

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

Filing and Contact Details

Filer

Filer Name
The Forward Fund Inc
EIN
45-4590140
Phone
2128898200
Address
125 MAIDEN LANE, NEW YORK, NY 10038

Signing Officer

Name
Rachel Fishman Feddersen
Title
CEO and Publisher
Phone
2128898200
Signed
2020-11-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Rachel Fishman Feddersen
Formed
2011
Legal Domicile
Ny
Voting Board Members
6
Independent Board Members
6
Employees
0
Volunteers
6

Preparer

Firm
Mazars USA Llp
Address
135 WEST 50TH STREET, NEW YORK, NY 10020-0002
Preparer
Tamar Plotzker
Phone
2128127000
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IRS990ScheduleD/BuildingsGrp/BookValueAmt010378852
IRS990ScheduleD/BuildingsGrp/DepreciationAmt03852365
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt014231217
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0357237
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DUE TO RELATED ORGANIZATION
IRS990ScheduleD/TotalBookValueLandBuildingsAmt010378852
IRS990ScheduleD/TotalLiabilityAmt0357237
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/RecipientTable/CashGrantAmt02448607
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501 (C) (3)
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0GENERAL SUPPORT
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0THE FORWARD ASSOCIATION INC
IRS990ScheduleI/RecipientTable/RecipientEIN0130623590
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0125 MAIDEN LANE
IRS990ScheduleI/RecipientTable/USAddress/CityNm0NEW YORK
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0NY
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd010038
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0THE BOARD OF DIRECTORS REVIEWS REPORTS PROVIDED BY THE FINANCE DEPARTMENT ON HOW THE FUNDS WERE USED.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 2:
IRS990ScheduleI/Total501c3OrgCnt01
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt025000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt110000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt0256801
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt1147318
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt017586
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt030648
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt135684
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0RACHEL FISHMAN FEDDERSEN
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm1ALAN BENDICH
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0CEO & PUBLISHER
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt1VP, FINANCE AND OPERATIONS
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt0330035
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt1193002
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE CORPORATION'S SOLE MEMBER SHALL BE THE FORWARD ASSOCIATION, INC.,
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE INITIAL BOARD OF DIRECTORS OF THE CORPORATION SHALL CONSIST OF THE DIRECTORS NAMED IN THE CERTIFICATE OF INCORPORATION. THEREAFTER, THE BOARD OF DIRECTORS SHALL CONSIST OF THE ELECTED OFFICERS OF THE SOLE MEMBER OR ELECTED BY THE MEMBER.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2PRIOR TO SUBMISSION WITH THE IRS THE FORM 990 WAS PROVIDED TO THE BOARD FOR REVIEW. ANY QUESTIONS THAT AROSE WERE DISCUSSED WITH MANAGEMENT AND WAS RESOLVED PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION MAKES IT GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd01
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0THE FORWARD ASSOCIATION INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0130623590
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0NY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0SUPPORT JEWISH CULTURE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0LINE 10
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt0125 MAIDEN LANE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0NEW YORK
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0NY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd010038
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd01
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd00
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt032187265
IRS990/TotalAssetsEOYAmt033369751
IRS990/TotalAssetsGrp/BOYAmt032187265
IRS990/TotalAssetsGrp/EOYAmt033369751
IRS990/TotalCompGreaterThan150KInd01
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0697555
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt02448607
IRS990/TotalFunctionalExpensesGrp/TotalAmt03146162
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt06799
IRS990/TotalLiabilitiesEOYAmt0364319
IRS990/TotalLiabilitiesGrp/BOYAmt06799
IRS990/TotalLiabilitiesGrp/EOYAmt0364319
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt032180466
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt033005432
IRS990/TotalOtherCompensationAmt083918
IRS990/TotalProgramServiceExpensesAmt02448607
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt01066800
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0148890
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01215690

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