Civic Intelligence

Business Forward Foundation

990 • Fiscal year 2023 • EIN 46-2250437

Jan 01, 2023 to Dec 31, 2023 • Filed on Nov 13, 2024

655 15th Street NW 580Washington, DC 20005

(202) 861-1270

Siviq Scores

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

Liabilities / Assets

32nd percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Liabilities / Revenue

32nd percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Net Margin

6th percentile

-61%

Higher net margin than 6% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Top Officer Pay

100th percentile

$968,202

Higher top officer pay than 100% of similar nonprofits.

Top officer pay equals 204.4% of source-year revenue.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Asset Growth

4th percentile

-45%

Faster asset growth than 4% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2022 to 2023

Revenue Growth

7th percentile

-47%

Faster revenue growth than 7% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2022 to 2023

Assets

Flat

$544,964

Flat from 2023

Net Assets

Flat

$544,964

Flat from 2023

Liabilities

Flat

$0

Flat from 2023

Revenue

Flat

$473,739

Flat from 2023

Expenses

Flat

$761,516

Flat from 2023

Net Income

Flat

-$287,777

Flat from 2023

Historical Trend

Balance Sheet Trend

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

$1.0M$500K$0Assets 2013: $77,138Liabilities 2013: $0Net Assets 2013: $77,1382013Assets 2014: $62,735Liabilities 2014: $49,662Net Assets 2014: $13,0732014Assets 2015: $68,079Liabilities 2015: $0Net Assets 2015: $68,0792015Assets 2016: $57,006Liabilities 2016: $0Net Assets 2016: $57,0062016Assets 2017: $132,503Liabilities 2017: $19,683Net Assets 2017: $112,8202017Assets 2018: $376,480Liabilities 2018: $1,203Net Assets 2018: $375,2772018Assets 2019: $288,091Liabilities 2019: $154,039Net Assets 2019: $134,0522019Assets 2020: $431,372Liabilities 2020: $152,256Net Assets 2020: $279,1162020Assets 2021: $947,159Liabilities 2021: $151,824Net Assets 2021: $795,3352021Assets 2022: $982,741Liabilities 2022: $150,000Net Assets 2022: $832,7412022Assets 2023: $544,964Liabilities 2023: $0Net Assets 2023: $544,9642023Assets 2023: $544,964Liabilities 2023: $0Net Assets 2023: $544,9642023Assets 2024: $728,016Liabilities 2024: $0Net Assets 2024: $728,0162024

Highlighted filing

2023

Assets$544,964
Liabilities$0
Net Assets$544,964

Operations Trend

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

$6.0M$4.0M$2.0M$0-$2.0MRevenue 2013: $343,500Expenses 2013: $266,362Net Income 2013: $77,1382013Revenue 2014: $325,000Expenses 2014: $389,065Net Income 2014: -$64,0652014Revenue 2015: $130,000Expenses 2015: $74,994Net Income 2015: $55,0062015Revenue 2016: $30,000Expenses 2016: $41,073Net Income 2016: -$11,0732016Revenue 2017: $710,250Expenses 2017: $654,436Net Income 2017: $55,8142017Revenue 2018: $1,270,423Expenses 2018: $1,007,966Net Income 2018: $262,4572018Revenue 2019: $1,033,000Expenses 2019: $1,274,225Net Income 2019: -$241,2252019Revenue 2020: $1,105,569Expenses 2020: $960,505Net Income 2020: $145,0642020Revenue 2021: $1,500,000Expenses 2021: $973,555Net Income 2021: $526,4452021Revenue 2022: $886,512Expenses 2022: $849,106Net Income 2022: $37,4062022Revenue 2023: $473,739Expenses 2023: $761,516Net Income 2023: -$287,7772023Revenue 2023: $473,739Expenses 2023: $761,516Net Income 2023: -$287,7772023Revenue 2024: $5,495,132Expenses 2024: $5,312,080Net Income 2024: $183,0522024

Highlighted filing

2023

Revenue$473,739
Expenses$761,516
Net Income-$287,777
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Nov 13, 2024
Return Version
2023v5.1
Gross Receipts
$473,739
Mission and Program Overview

Mission

The business forward foundation is an independent research organization that takes a business-minded look at policy issues affecting america's economic competitiveness.

Study policy issues affecting america's economic competitiveness

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$832,741$544,964▼ $287,777
Savings and Temporary Cash Investments-$311,860-
Cash and Non-Interest-Bearing Accounts$981,131$233,104▼ $748,027
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$982,741$544,964▼ $437,777
Other Assets Total$1,610$0▼ $1,610
Liabilities
Other Liabilities$150,000$0▼ $150,000
Total Liabilities$150,000$0▼ $150,000
Net Assets / Fund Balance
Total Net Assets Fund Balance$832,741$544,964▼ $287,777
Total Liabilities and Net Assets / Fund Balance$982,741$544,964▼ $437,777
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
James DoyleDirectorPT$275,000$58,702$333,702
Elizabeth FairchildDirectorPT$150,000$3,938$153,938

Board Members and Trustees

NameTitle
Amy DaceyDirector
Brad JenkinsDirector
David SutphenDirector
Diana DoukasDirector
Marisa Renee LeeDirector
Sam BrownDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$462,614
Program Service Revenue
$0
Investment Income
$11,125
Other Revenue
$0
All Other Contributions
$300,000
Change in Net Assets
$-287,777
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$577,846
Other Expenses$183,670
Total Fundraising Expense$112,100
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$190,000$142,500$92,500$425,000
Other Employee Benefits$38,161$20,692$10,935$69,788
Other Salaries and Wages$38,179$578-$38,757
Payroll Taxes$15,548$9,393$6,031$30,972
Payments to Affiliates-$29,940-$29,940
Office Expenses-$14,437-$14,437
Fees for Services Accounting-$14,050-$14,050
Pension Plan Contributions$6,645$4,050$2,634$13,329
Interest-$12,614-$12,614
Information Technology$5,471$636-$6,107
Travel-$4,123-$4,123
Other Expenses$2,324$3,594-$3,594
All Other Expenses-$3,427-$3,427
Advertising$3,300--$3,300
Insurance-$839-$839
Total Functional Expenses$386,637$262,779$112,100$761,516
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 8A

Minutes are not required to be maintained.

Form 990, Part VI, Section A, Line 8B

There are no committees with authority to act on behalf of the governing board

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

A draft is presented to the board before filing.

Form 990, Part VI, Section C, Line 19

The organization's application for tax exempt status and the last three years of form 990 are available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Business Forward Foundation
EIN
46-2250437
Phone
2028611270
Address
655 15TH STREET NW 580, WASHINGTON, DC 20005

Signing Officer

Name
James Doyle
Title
Director
Phone
2028611270
Signed
2024-11-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
James Doyle
Formed
2013
Legal Domicile
Dc
Voting Board Members
7
Independent Board Members
6
Employees
5
Volunteers
0

Preparer

Firm
Bsc Group LLC
Address
114 BAY STREET BUILDING B, EASTON, MD 21601
Preparer
Brandon K Angell
Phone
4108226950
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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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IRS990ScheduleA/PublicSupportPY509Pct00.91850
IRS990ScheduleA/PublicSupportTotal509Amt04395627
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearAmt0312614
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus1YearAmt050000
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus3YearsAmt010000
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus4YearsAmt0133000
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt0505614
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0462614
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0885627
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt01500000
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt01020000
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt01033000
IRS990ScheduleA/Total509Grp/TotalAmt04901241
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0473739
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0886512
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt01500000
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt01020000
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt01033000
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt04913251
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0275000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt1150000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt0300000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt0325000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt1150000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt08250
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt13938
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt09500
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt13938
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt050452
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0JAMES DOYLE
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm1ELIZABETH FAIRCHILD
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0DIRECTOR
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt1DIRECTOR
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0333702
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt1153938
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt0634500
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt1153938
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990ScheduleJ/WrittenEmploymentContractInd0X
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0MINUTES ARE NOT REQUIRED TO BE MAINTAINED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THERE ARE NO COMMITTEES WITH AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BOARD
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2A DRAFT IS PRESENTED TO THE BOARD BEFORE FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION'S APPLICATION FOR TAX EXEMPT STATUS AND THE LAST THREE YEARS OF FORM 990 ARE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 8A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 8B
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/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0BUSINESS FORWARD INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0264336291
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)(6)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0DC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0BUILDING SUPPORT FOR POLICIES TO PROMOTE AMERICA'S ECONOMIC COMPETITIVENESS
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt0655 15TH STREET NW SUITE 580
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0WASHINGTON
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0DC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd020005
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd00
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd01
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd01
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd01
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd00
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt0162614
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt13075
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt229940
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt372768
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0CASH RECEIVED
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt1CASH RECEIVED
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt2CASH PAID
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt3CASH PAID
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0BUSINESS FORWARD INC
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt1BUSINESS FORWARD INC

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