Civic Intelligence

Albuquerque Forward Fund

990EZ • Fiscal year 2019 • EIN 47-4736722

Jan 01, 2019 to Dec 31, 2019 • Filed on Nov 09, 2020

Organization ProfileWWW.ABQFORWARDFUND.ORG
201 Third Street NW No 1900Albuquerque, NM 87102

(505) 705-3777

Siviq Scores

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

Liabilities / Assets

66th percentile

0.02x

Higher debt load relative to assets than 66% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Liabilities / Revenue

71st percentile

0.03x

Higher debt load relative to revenue than 71% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Net Margin

83rd percentile

28%

Higher net margin than 83% of similar nonprofits.

2019 filings • 501(c)3 • <$500k 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

71st percentile

19%

Faster asset growth than 71% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Annualized from 2018 to 2019

Revenue Growth

54th percentile

3.4%

Faster revenue growth than 54% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets66th percentile

Assets

Up

$50,337

Up $7,980 (+19%) from 2018

Net Assets

Up

$49,409

Up $10,097 (+26%) from 2018

Liabilities

Down

$928

Down $2,117 (-70%) from 2018

Revenue And Expenses
Liabilities / Revenue71st percentileNet Margin83rd percentile

Revenue

Up

$36,062

Up $1,198 (+3.4%) from 2018

Expenses

Down

$25,965

Down $11,725 (-31%) from 2018

Net Income

Up

$10,097

Up $12,923 (+457%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth71st percentile

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

$60K$40K$20K$0Assets 2016: $1Liabilities 2016: $02016Assets 2017: $46,966Liabilities 2017: $4,828Net Assets 2017: $42,1382017Assets 2018: $42,357Liabilities 2018: $3,045Net Assets 2018: $39,3122018Assets 2019: $50,337Liabilities 2019: $928Net Assets 2019: $49,4092019Assets 2020: $49,973Liabilities 2020: $0Net Assets 2020: $49,9732020Assets 2021: $41,745Liabilities 2021: $0Net Assets 2021: $41,7452021Assets 2022: $39,153Liabilities 2022: $7,000Net Assets 2022: $32,1532022Assets 2023: $24,908Liabilities 2023: $0Net Assets 2023: $24,9082023Assets 2024: $5,103Liabilities 2024: $1,430Net Assets 2024: $3,6732024

Highlighted filing

2019

Assets$50,337
Liabilities$928
Net Assets$49,409
Open 2019 Filing

Operations Trend

Revenue Growth54th percentile

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

$100K$50K$0-$50KRevenue 2016: $0Expenses 2016: $0Net Income 2016: $02016Revenue 2017: $67,271Expenses 2017: $25,133Net Income 2017: $42,1382017Revenue 2018: $34,864Expenses 2018: $37,690Net Income 2018: -$2,8262018Revenue 2019: $36,062Expenses 2019: $25,965Net Income 2019: $10,0972019Revenue 2020: $6,430Expenses 2020: $5,866Net Income 2020: $5642020Revenue 2021: $26,346Expenses 2021: $34,574Net Income 2021: -$8,2282021Revenue 2022: $10,335Expenses 2022: $19,927Net Income 2022: -$9,5922022Revenue 2023: $500Expenses 2023: $7,745Net Income 2023: -$7,2452023Revenue 2024: $500Expenses 2024: $21,735Net Income 2024: -$21,2352024

Highlighted filing

2019

Revenue$36,062
Expenses$25,965
Net Income$10,097
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Nov 9, 2020
Return Version
2019v5.1
Gross Receipts
$48,866
Mission and Program Overview

Mission

To expend its funds on charitable projects that advance economic development in the albuquerque metropolitan area, including educational and research projects. These programs and projects must be intended and designed to lessen the burdens of government, strengthen and diversify the economy of the albuquerque metropolitan area, and generate jobs that will relieve poverty and unemployment and lead to community revitalization.

Program Services

DescriptionGrantsExpenses
THE ALBUQUERQUE FORWARD FUND DEVELOPED AND DELIVERED AN EDUCATIONAL WORKSHOP TITLED "CONNECT TO SUCCESS" MAY 23, 2019. WORKSHOP COURSES COVERED TOPICS SUCH AS PROGRAMS AND INCENTIVES FOR EXISTING BUSINESSES, BEST PRACTICES IN HIRING AND FIRING, TAX PLAN AND REFORM, MANUFACTURING IN NEW MEXICO AND LOCAL SERVICE RESOURCES THROUGH NM WORKFORCE CONNECTION. MORE THAN 90 PEOPLE ATTENDED THE WORKSHOP, AND A POST-EVENT SURVEY SHOWED THAT 100% WERE SATISFIED OR VERY SATISFIED WITH THE COURSE.$0$0
Compensation and Service Providers
Top Officer PayScore unavailable

Employees

NameTitleFull / Part TimeBaseOtherTotal
DEL ARCHULETADirector-$0--
GARY GORDONDirector-$0--
MARK HUMPHREYDirector-$0--
JEREMY OSWALDDirector-$0--
ROBERTA COOPER RAMODirector-$0--
HELEN WERTHEIMDirector-$0--
LEEAN KRAVITZPresident-$0--
RAY SMITHVice President-$0--
JENNIFER THOMASSecretary/Treasurer-$0--
Fundraising, Events, and Gaming

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Golf Tourney$29,104$15,426-$15,426
Total Events$29,104$15,426$12,804$2,622
Filing and Contact Details

Filer

Filer Name
Albuquerque Forward Fund
EIN
47-4736722
Phone
5057053777
Address
201 THIRD STREET NW NO 1900, ALBUQUERQUE, NM 87102

Signing Officer

Name
Leean Kravitz
Title
President
Phone
5057053777
Signed
2020-11-09
Discuss with paid preparer
Yes

Preparer

Firm
Atkinson & Co Ltd
Address
PO BOX 25246, ALBUQUERQUE, NM 87125
Preparer
Jessica Locker CPA
Phone
5058436492
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 16 - Other Expenses

“Description: educational programs. Amount: 525. Description: office expense. Amount: 2,620. Description: advertising. Amount: 341. Total to form 990-ez, line 16: 3,486.”

Form 990-ez, Part II, Line 24 - Other Assets

“Description: unconditional promises to give. Beg. Of year amount: 225. End of year amount: 3,194.”

Form 990-ez, Part II, Line 26 - Other Liabilities

“Description: accounts payable. Beg. Of year amount: 3,045. End of year amount: 928.”

Raw XML Appendix224 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/PrimaryExemptPurposeTxt0TO EXPEND ITS FUNDS ON CHARITABLE PROJECTS THAT ADVANCE ECONOMIC DEVELOPMENT IN THE ALBUQUERQUE METROPOLITAN AREA, INCLUDING EDUCATIONAL AND RESEARCH PROJECTS. THESE PROGRAMS AND PROJECTS MUST BE INTENDED AND DESIGNED TO LESSEN THE BURDENS OF GOVERNMENT, STRENGTHEN AND DIVERSIFY THE ECONOMY OF THE ALBUQUERQUE METROPOLITAN AREA, AND GENERATE JOBS THAT WILL RELIEVE POVERTY AND UNEMPLOYMENT AND LEAD TO COMMUNITY REVITALIZATION.
IRS990EZ/ProgramServiceRevenueAmt06061
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0THE ALBUQUERQUE FORWARD FUND DEVELOPED AND DELIVERED AN EDUCATIONAL WORKSHOP TITLED "CONNECT TO SUCCESS" MAY 23, 2019. WORKSHOP COURSES COVERED TOPICS SUCH AS PROGRAMS AND INCENTIVES FOR EXISTING BUSINESSES, BEST PRACTICES IN HIRING AND FIRING, TAX PLAN AND REFORM, MANUFACTURING IN NEW MEXICO AND LOCAL SERVICE RESOURCES THROUGH NM WORKFORCE CONNECTION. MORE THAN 90 PEOPLE ATTENDED THE WORKSHOP, AND A POST-EVENT SURVEY SHOWED THAT 100% WERE SATISFIED OR VERY SATISFIED WITH THE COURSE.
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IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0AN IRS DETERMINATION LETTER DATED 12/29/16 HAS BEEN RECEIVED APPROVING THE ALBUQUERQUE FORWARD FUND AS A SUPPORTING ORGANIZATION OF ALBUQUERQUE ECONOMIC DEVELOPMENT, INC., WHICH IS A 501(C)6 ORGANIZATION, THE SUPPORTED ENTITY.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt1THE FOLLOWING CONTROLS WERE PUT INTO PLACE TO ENSURE THAT ALL SUPPORT TO AED, A 501(C)(6) ORGANIZATION, WAS USED EXCLUSIVELY FOR SECTION 170(C)(2)(B) PURPOSES: 1. WHEN ALBUQUERQUE ECONOMIC DEVELOPMENT (AED), (THE SUPPORTED ORGANIZATION) IDENTIFIES A CHARITABLE ACTIVITY PROGRAM OR SERVICE THAT IS APPROPRIATE FOR AFF FUNDING, THE AED BOARD WILL VOTE, ACCORDING TO THE PROCEDURE OUTLINED IN ITS BYLAWS, TO MAKE A FUNDING REQUEST TO THE ALBUQUERQUE FORWARD FUND. THE FUNDING REQUEST MUST STATE THE AMOUNT REQUESTED AND DESCRIBE THE INTENDED PURPOSE. THE VOTE WILL BE RECORDED IN AED'S BOARD MEETING MINUTES. 2. THE BOARD OF THE ALBUQUERQUE FORWARD FUND THEN WILL VOTE, ACCORDING TO THE PROCEDURE OUTLINED IN ITS BYLAWS, TO APPROVE OR REJECT THE FUNDING REQUESTS IT RECEIVES FROM AED. DECISIONS WILL BE BASED UPON CHARITABLE PURPOSE, MISSION, PROGRAM AND NEED. THE VOTE WILL BE RECORDED IN THE AFF'S BOARD MEETING MINUTES. 3. EACH ORGANIZATION WILL MAINTAIN SEPARATE ACCOUNTING LEDGERS. 4. AED WILL SUBMIT, AT LEAST ANNUALLY A REPORT TO THE AFF BOARD OF DIRECTORS THAT DOCUMENTS PROGRAM STATUS, POPULATIONS SERVED, SERVICES PROVIDED, AND OTHER PERFORMANCE METRICS FOR CHARITABLE ACTIVITIES FUNDED BY AFF. IN ADDITION, THE AFF WILL PREPARE AN ANNUAL REPORT TO ITS DONORS THAT DESCRIBES HOW FUNDS WERE USED. THESE REPORTS ALSO WILL BE MADE AVAILABLE FOR PUBLIC REVIEW.
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IRS990ScheduleG/SupplementalInformationDetail/ExplanationTxt0THE ALBUQUERQUE FORWARD FUND CONDUCTED A GOLF TOURNAMENT AS A FUNDRAISING EVENT IN 2019. GROSS RECEIPTS FOR THE EVENT WERE $29,104. FROM THIS AMOUNT, $13,678 WAS COMPRISED OF NET SPONSORSHIP REVENUE AND DONATED GOODS. BECAUSE THESE AMOUNTS ARE CONSIDERED CONTRIBUTIONS, THEY WERE SUBTRACTED FROM GROSS RECEIPTS, LEAVING GROSS INCOME OF $15,426 AS SHOWN ON LINE 6B OF PART I. AFTER FUNDRAISING EXPENSES OF $12,804 WERE SUBTRACTED FROM THE GROSS INCOME, THE EVENT SHOWED A NET GAIN OF $2,622. THE ORGANIZATION'S BOARD OF DIRECTORS CONSIDERS THE 2019 GOLF TOURNAMENT TO BE A SUCCESS BASED ON THE GROSS INCOME RATHER THAN THE NET INCOME AND PLANS TO CONTINUE THIS FUNDRAISING EVENT IN THE FUTURE.
IRS990ScheduleG/SupplementalInformationDetail/FormAndLineReferenceDesc0PART II, FUNDRIASING EVENTS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0DESCRIPTION: EDUCATIONAL PROGRAMS. AMOUNT: 525. DESCRIPTION: OFFICE EXPENSE. AMOUNT: 2,620. DESCRIPTION: ADVERTISING. AMOUNT: 341. TOTAL TO FORM 990-EZ, LINE 16: 3,486.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1DESCRIPTION: UNCONDITIONAL PROMISES TO GIVE. BEG. OF YEAR AMOUNT: 225. END OF YEAR AMOUNT: 3,194.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2DESCRIPTION: ACCOUNTS PAYABLE. BEG. OF YEAR AMOUNT: 3,045. END OF YEAR AMOUNT: 928.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 16 - OTHER EXPENSES
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART II, LINE 24 - OTHER ASSETS
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990-EZ, PART II, LINE 26 - OTHER LIABILITIES
TransferPrsnlBnftContractsDecl/DeclarationDesc0THE ORGANIZATION DID NOT, DURING THE YEAR, RECEIVE ANY FUNDS, DIRECTLY,OR INDIRECTLY, TO PAY PREMIUMS ON A PERSONAL BENEFIT CONTRACT.THE ORGANIZATION, DID NOT, DURING THE YEAR, PAY ANY PREMIUMS, DIRECTLY,OR INDIRECTLY, ON A PERSONAL BENEFIT CONTRACT.
ReturnHeader/BuildTS02021-01-29 14:40:06Z
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ReturnHeader/FilingSecurityInformation/IPTm016:39:52
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0850211867
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0ATKINSON & CO LTD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0PO BOX 25246
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0ALBUQUERQUE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NM
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd087125
ReturnHeader/PreparerPersonGrp/PhoneNum05058436492
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JESSICA LOCKER CPA
ReturnHeader/ReturnTs02020-11-11T10:00:39-06:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02019-01-01
ReturnHeader/TaxPeriodEndDt02019-12-31
ReturnHeader/TaxYr02019

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Filings

Displayed year

2019 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$50,337
Liabilities
$928
Net assets
$49,409
Revenue
$36,062
Expenses
$25,965
Net income
$10,097
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$5.10$1.43$3.67$0.50$21.7$21.2
2023Detailed filing. Detailed filing data is available for this year.$24.9$0.00$24.9$0.50$7.75$7.25
2022Detailed filing. Detailed filing data is available for this year.$39.2$7.00$32.2$10.3$19.9$9.59
2021Detailed filing. Detailed filing data is available for this year.$41.7$0.00$41.7$26.3$34.6$8.23
2020Detailed filing. Detailed filing data is available for this year.$50.0$0.00$50.0$6.43$5.87$0.56
2019Detailed filing. Detailed filing data is available for this year.$50.3$0.93$49.4$36.1$26.0$10.1
2018Detailed filing. Detailed filing data is available for this year.$42.4$3.05$39.3$34.9$37.7$2.83
2017Detailed filing. Detailed filing data is available for this year.$47.0$4.83$42.1$67.3$25.1$42.1
2016Summary only. Only limited summary data is available for this year.$0.00$0.00$0.00$0.00$0.00