Civic Intelligence

Albuquerque Forward Fund

990EZ • Fiscal year 2022 • EIN 47-4736722

Jan 01, 2022 to Dec 31, 2022 • Filed on Oct 21, 2023

Organization ProfileWWW.ABQFORWARDFUND.ORG
201 Third Street NW Ste 1900Albuquerque, NM 87102

(505) 705-3777

Siviq Scores

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

Liabilities / Assets

80th percentile

0.18x

Higher debt load relative to assets than 80% of similar nonprofits.

2022 filings • NTEE S • <$500k nonprofits • Source year 2022

Liabilities / Revenue

92nd percentile

0.68x

Higher debt load relative to revenue than 92% of similar nonprofits.

2022 filings • NTEE S • <$500k nonprofits • Source year 2022

Net Margin

7th percentile

-93%

Higher net margin than 7% of similar nonprofits.

2022 filings • NTEE S • <$500k nonprofits • Source year 2022

Top Officer Pay

81st percentile

$0

Higher top officer pay than 81% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2022 filings • NTEE S • <$500k nonprofits • Source year 2022

Asset Growth

36th percentile

-6.2%

Faster asset growth than 36% of similar nonprofits.

2022 filings • NTEE S • <$500k nonprofits • Annualized from 2021 to 2022

Revenue Growth

9th percentile

-61%

Faster revenue growth than 9% of similar nonprofits.

2022 filings • NTEE S • <$500k nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets80th percentile

Assets

Down

$39,153

Down $2,592 (-6.2%) from 2021

Net Assets

Down

$32,153

Down $9,592 (-23%) from 2021

Liabilities

Up

$7,000

Up $7,000 from 2021

Revenue And Expenses
Liabilities / Revenue92nd percentileNet Margin7th percentile

Revenue

Down

$10,335

Down $16,011 (-61%) from 2021

Expenses

Down

$19,927

Down $14,647 (-42%) from 2021

Net Income

Down

-$9,592

Down $1,364 (-17%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth36th 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

2022

Assets$39,153
Liabilities$7,000
Net Assets$32,153
Open 2022 Filing

Operations Trend

Revenue Growth9th 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

2022

Revenue$10,335
Expenses$19,927
Net Income-$9,592
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Oct 21, 2023
Return Version
2022v5.0
Gross Receipts
$10,335
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.

SEE SCHEDULE O

Program Services

DescriptionGrantsExpenses
IN 2022, AFF SUPPORTED THE TRUE JOBS PROGRAM TO HELP BUSINESS WITH TALENT DEVELOPMENT. BUSINESSES IN THE REGION WERE ABLE TO POST OPEN POSITIONS AND REACH MULTIPLE CANDIDATES.-$7,000
Compensation and Service Providers
Top Officer Pay81st percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
LEEAN KRAVITZPresident-$0--
RAY SMITHVice President-$0--
JENNIFER THOMASSecretary-Treasurer-$0--
ERICK WEINSTEINDirector-$0--
GARY GORDONDirector-$0--
MARK HUMPHREYDirector-$0--
RATHI CASEYDirector-$0--
ROBERTA COOPER RAMODirector-$0--
HELEN WERTHEIMDirector-$0--
Filing and Contact Details

Filer

Filer Name
Albuquerque Forward Fund
EIN
47-4736722
Address
201 THIRD STREET NW STE 1900, Albuquerque, NM 87102

Signing Officer

Name
Leean Kravitz
Title
President
Phone
5057053777
Signed
2023-10-21
Discuss with paid preparer
Yes

Preparer

Firm
Jaramillo Accounting Group LLC
Address
4700 Lincoln Road NE, Albuquerque, NM 87109
Preparer
Scott Eliason
Phone
5053232035
Supplemental Narrative

Additional Explanations

Description of other expenses Part I line 16

“Description AmountOFFICE EXPENSE 7,294”

Description of total liabilities Part II line 26

“Category Beginning of Year End of YearACCOUNTS PAYABLE 0 7,000”

Raw XML Appendix184 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/PersonNm0LEEAN KRAVITZ
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2JENNIFER THOMAS
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0PRESIDENT
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IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501c3Ind0X
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IRS990EZ/OtherAssetsTotalDetail/BOYAmt00
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IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/PowerAppointMajorityDirTrstInd0true
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0AN IRS DETERMINATION LETTER DATED 12/29/2016 APPROVES ALBUQUERQUE FORWARD FUND AS A SUPPORTING ORGANIZATION OF ALBUQUERQUE REGIONAL ECONOMIC ALLIANCE, THE SUPPORTED ENTITY, WHICH WAS A 501(C)(6) ORGANIZATION UNTIL 2021. AREA HAS BEEN DETERMINED BY THE IRS TO BE EXEMPT UNDER SECTION 501(C)(3) SINCE TAX YEAR 2022.
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ReturnHeader/BusinessOfficerGrp/PersonNm0LEEAN KRAVITZ
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum05057053777
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-10-21
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0ALBUQUERQUE FORWARD FUND
ReturnHeader/Filer/BusinessNameControlTxt0ALBU
ReturnHeader/Filer/EIN0474736722
ReturnHeader/Filer/USAddress/AddressLine1Txt0201 THIRD STREET NW STE 1900
ReturnHeader/Filer/USAddress/CityNm0Albuquerque
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NM
ReturnHeader/Filer/USAddress/ZIPCd087102
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0463916466
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt04700 Lincoln Road NE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Albuquerque
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NM
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ReturnHeader/PreparerPersonGrp/PhoneNum05053232035
ReturnHeader/PreparerPersonGrp/PreparationDt02023-10-21
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ReturnHeader/ReturnTs02023-10-21T15:15:49-04:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0LEEAN
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0KRAVITZ
ReturnHeader/TaxPeriodBeginDt02022-01-01
ReturnHeader/TaxPeriodEndDt02022-12-31
ReturnHeader/TaxYr02022

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2022 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$39,153
Liabilities
$7,000
Net assets
$32,153
Revenue
$10,335
Expenses
$19,927
Net income
-$9,592
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