THE FORBES FUNDS

EIN: 251418095 501(c)(3)

PITTSBURGH, PA

Total Revenue
$2,655,431
Total Expenses
$2,593,246
Total Assets
$10,327,800
Net Assets
$9,755,528
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
1982
Legal Domicile
PA
Principal Officer
FRED BROWN
Phone
4123915122
Tax Period
2023-01-01 to 2023-12-31

THE FORBES FUNDS, founded in 1982, is a community nonprofit that reported $2.7M in total revenue in fiscal year 2023. Revenue surged 55% from the prior year, signaling strong growth momentum. Net assets of $9.8M represent 44 months of operating reserves.

Mission

THE MISSION OF THE FORBES FUNDS IS TO FOCUS ON STRENGTHENING THE MANAGEMENT CAPACITY AND IMPACT OF COMMUNITY NONPROFITS INDIVIDUALLY AND COLLECTIVELY. THIS MISSION IS ACCOMPLISHED THROUGH CAPACITY BUILDING, SOCIAL INNOVATION AND THE GREATER PITTSBURGH NONPROFIT PARTNERSHIP.

Program Service Accomplishments

Program 1
Expenses: $1,057,539 Revenue: $44,860

CAPACITY BUILDING: PROVIDING NONPROFITS WITH RESOURCES, THROUGH GRANTMAKING AND COHORTS, AND LEARNING FORUMS TO ENABLE THEM TO MANAGE A DISRUPTIVE EVENT, REFRAME THEIR THINKING ABOUT A SPECIFIC ISSUE...

Read more

CAPACITY BUILDING: PROVIDING NONPROFITS WITH RESOURCES, THROUGH GRANTMAKING AND COHORTS, AND LEARNING FORUMS TO ENABLE THEM TO MANAGE A DISRUPTIVE EVENT, REFRAME THEIR THINKING ABOUT A SPECIFIC ISSUE THAT IMPACTS OPERATIONS, AND PREPARE FOR THE FUTURE. PRIORITY IS GIVEN TO HUMAN SERVICES AND COMMUNITY DEVELOPMENT ORGANIZATIONS IN ALLEGHENY COUNTY.

Program 2
Expenses: $394,466

THE FUND SITS AT THE INTERSECTION BETWEEN PHILANTHROPY AND THE NONPROFIT COMMUNITY. BUILDING UPON OUR 40 PLUS YEAR HISTORY OF SUPPORTING OUR REGION, THE FUND HAS SHIFTED TOWARDS A SYSTEMIC...

Read more

THE FUND SITS AT THE INTERSECTION BETWEEN PHILANTHROPY AND THE NONPROFIT COMMUNITY. BUILDING UPON OUR 40 PLUS YEAR HISTORY OF SUPPORTING OUR REGION, THE FUND HAS SHIFTED TOWARDS A SYSTEMIC, ECOSYSTEMS DEVELOPMENT APPROACH TO DRIVE TRANSFORMATIVE CHANGE. THE MISSION OF THE FUND FOCUSES ON IMPROVING AND EMPOWERINGTHE MANAGEMENT CAPACITY AND IMPACT OF HUMAN SERVICES AND COMMUNITY-BASED NONPROFITS BOTH AS INDIVIDUAL ORGANIZATIONS AND AS A UNIFIED COALITION OF LEADERS, FUNDERS AND ADVOCATES WORKING COLLABORATIVELY THROUGHOUT SOUTHWESTERN PENNSYLVANIA.SEE CONTINUATION ON SCHEDULE O. OVER THE PAST FIVE YEARS THE FUND HAS ALIGNED ITS TRADITIONAL PROGRAMMING TO INCREASE ENGAGEMENT WITH THE FUND'S REGIONAL PARTNERS AND TO IDENTIFY WHERE GAPS AND OVERLAPS OF SERVICES AND INVESTMENTS EXIST. TODAY, THE FUND HAS CONVENED THOUGHT LEADERS WITHIN THE NONPROFIT SECTOR THROUGH THE GREATER PITTSBURGH NONPROFIT PARTNERSHIP ("GPNP"), LEARNING AND EDUCATION , EXECUTIVE-IN-RESIDENCE ("EIR"), MANAGEMENT ASSISTANCE GRANTS ("MAGS"), CATALYTIC COMMUNITY COHORTS ("C3"), THE COMMONS, AND LARGE AND SMALL AGENCY COHORTS, THE FUND WORKS WITH NONPROFIT ORGANIZATIONS IN ALLEGHENY COUNTY AND SOUTHWESTERN PENNSYLVANIA AND IS BUILDING A GROWING NETWORK OF PARTNERSHIPS ACROSS THE COMMONWEALTH OF PENNSYLVANIA, THE NATION, AND THE GLOBE. IN 2020, THE FUND'S BOARD OF DIRECTORS (THE "BOARD") APPROVED A RACIAL JUSTICE EQUITY FRAMEWORK THAT INFORMS THE FUND'S PROGRAMMING TODAY AND IN THE FUTURE. THIS FRAMEWORK INCLUDES INVESTING IN DIVERSE LEADERSHIP, INCREASING THE CAPACITY OF MINORITY-LED ORGANIZATIONS, DEVELOPING SCENARIO PLANNING AND INCREASING COLLABORATIVE CAPACITY OF REGIONAL ORGANIZATIONS. THIS HAS LED TO THE DEVELOPMENT OF AN INTERNATIONAL ANTI-RACISM INSTITUTIONAL COHORT ("ARC") AND THE TRANSFORMATIVE LEADERSHIP COHORT. FINALLY, AS A RESULT OF COVID-19, THE FUND HAS BEEN WORKING WITH THE REGIONAL NONPROFIT SECTOR TO NOT ONLY HELP ORGANIZATIONS SURVIVE THE PANDEMIC BUT TO PREPARE FOR THE CHANGES THAT WILL LIKELY OCCUR INCLUDING CHANGES TO FUNDING CYCLES, PHILANTHROPIC PRIORITIES, AND AN INCREASE EMPHASIS ON COLLABORATION. THIS HAS LED TO THE LAUNCH OF VARIOUS LEARNING COHORTS WITH NONPROFITS ON TOPICS SUCH ASARTIFICIAL INTELLIGENCE, HUMAN RESOURCES, EQUITABLE ENTREPRENEURISM, FUNDRAISING AND ADVOCACY, REVENUE DIVERSIFICATION, SUCCESSION PLANNING, OPERATIONAL RESERVES, AND SCENARIO PLANNING. THE FUND HAS WORKED WITH A GROUP OF SKILLS PRACTITIONERS, EDUCATORS, DOCTORS, SCIENTISTS, AND PHILANTHROPISTS TO ADDRESS THE IMPACT ON THE PANDEMIC ON RESILIENT BLACK, BROWN, AND LGBTQIA+ COMMUNITIES AROUND THE COMMONWEALTH OF PENNSYLVANIA. THIS WORK WAS IN COLLABORATION WITH THE PA SECRETARY OF HEALTH AND IS FOCUSED ON ADDRESSING CURRENT HEALTH AND HEALTHCARE INEQUITIES, EQUIPPING FEDERALLY QUALIFIED HEALTH CENTERS WITH RESOURCES LIKE CONTACT TRACERS, AND SUPPORTING WORKFORCE AND SOCIAL SECTOR INVESTMENTS FOR ESSENTIAL WORKERS WHO ARE MORE LIKELY TO CONTRACT THE DISEASE.THE FUND HAS ALSO PARTNERED WITH TECHNOLOGY COMPANIES TO SUPPORT NONPROFIT ADOPTION TO EMERGING TECHNOLOGIES LIKE ASSISTED INTELLIGENCE. THE FUND NOW ALIGNS ALL SERVICES WITH THE SOCIAL DETERMINATES OF HEALTH ("SDOH") AND UNITED NATIONS SUSTAINABLE DEVELOPMENT GOALS ("UNSDG") TO SHOW THE LOCAL AND GLOBAL IMPACTS OF THE REGION. THIS NEW APPROACH TO ECOSYSTEMS DEVELOPMENT REQUIRES LEVERAGING PARTNERSHIPS AND TOOLS TO ESTABLISH SHARED GOALS. THE GOAL IS TO NOT ONLY IMPROVE ORGANIZATIONAL CAPACITY OF NONPROFITS BUT TO ENSURE THAT THE POPULATIONS SERVED BY ORGANIZATIONS THE FUND SUPPORTS WILL BENEFIT AS WELL. THE PREMISE IS THAT INDIVIDUALS SERVED BY THE ORGANIZATIONS THE FUND SUPPORTS ARE OFTENTIMES DEALING WITH MORE THAN ONE ISSUE, AND A HOLISTIC, COLLABORATIVE APPROACH INVOLVING THE INPUT OF MULTIPLE ORGANIZATIONS IS NECESSARY. THE FUND'S WORK IS CENTERED AROUND MORE THAN TRANSACTIONAL RELATIONSHIPS AND APPROACHES; THE AIM IS TO FOSTER TRANSFORMATIONAL PARTNERSHIPS AND TO OPTIMIZE HOW THE NONPROFIT ECOSYSTEM INTERACTS WITH FUNDERS, GOVERNMENT, PRIVATE SECTOR AND OTHERS IN THE PITTSBURGH REGION. CURRENTLY, THE FUND IS EXPLORING CO-DESIGNED APPROACHES THAT ARE ITERATIVE AND AGILE, ESPECIALLY AS THE NONPROFIT SECTOR ADDRESSES THE REALITIES OF ECONOMIC STRESSES AND SHOCKS TO THE REGION. RECOGNIZING THAT THESE STRESSES AND SHOCKS WILL PUT UNTOLD STRAIN ON SOUTHWESTERN PENNSYLVANIA, THE FUND'S INTENTION WILL BE MOVING FROM SYSTEMS CHANGE TO ECOSYSTEMS COCREATION--WHERE DIVERSE NETWORKS AND CROSS-SECTORAL PARTNERSHIPS CAN HAVE VIBRANT EXCHANGES OF IDEAS AND WHERE LEADERS CAN DRIVE SHARED SOLUTIONS.

Program 3
Expenses: $390,275 Revenue: $185,231

GPNP: LEVERAGING THE COLLECTIVE STRENGTH OF THE SECTOR TO INFORM POLICY, GIVE INPUT TO COMMUNITY PRIORITIES AND STRATEGIES, AND INCREASE THEIR PURCHASING POWER. BI-ANNUALLY, GPNP ORGANIZES THE...

Read more

GPNP: LEVERAGING THE COLLECTIVE STRENGTH OF THE SECTOR TO INFORM POLICY, GIVE INPUT TO COMMUNITY PRIORITIES AND STRATEGIES, AND INCREASE THEIR PURCHASING POWER. BI-ANNUALLY, GPNP ORGANIZES THE GREATER PITTSBURGH NON-PROFIT SUMMIT WHICH BRINGS TOGETHER LOCAL NONPROFIT STAFF AND BOARD MEMBERS PLUS OTHER INTERESTED PARTIES TO DISCUSS OVER AN AFTERNOON, VARIOUS TOPICS OF INTEREST FOR NONPROFITS THAT FOSTERS CAPACITY BUILDING AND SOCIAL INNOVATION.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Sign In — Free (10 views/day)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $1,960,108
Program Service Revenue $230,091
Investment Income $465,232
Other Revenue $0
TOTAL REVENUE $2,655,431

Expense Breakdown

Grants Paid $210,000
Salaries & Benefits $957,316
Fundraising Expenses $125,311
Program Expenses $1,931,750
Other Expenses $1,425,030
TOTAL EXPENSES $2,593,246

Year-over-Year Comparison

2023 2022 Change
Revenue $2,655,431 $1,718,199 +0.5%
Expenses $2,593,246 $2,499,418 +0.0%
Net Income $62,185 $-781,219 -1.1%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Sign In

Governance

Voting Members
7
Independent Members
5
Employees
12
Volunteers
61

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
4
$296,287
Total Directors
8
$1,063,653
Key Employees
0
$0
Highest Compensated
2
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ELISABETH SCHROEDER MEMBER AT LARGE 1.00
Director
$0 $73,375 $690,102
JONATHAN BRELSFORD MEMBER AT LARGE 1.00
Director
$0 $68,264 $361,451
JASON JONES TREASURER 1.00
Officer Director
$12,100 $0 $12,100
BILL ISLER CHAIR 1.00
Officer Director
$0 $0 $0
JAMES E TAYLOR VICE CHAIR 1.00
Officer Director
$0 $0 $0
KATHY HUMPHREY MEMBER AT LARGE 1.00
Director
$0 $0 $0
ANN E CUDD MEMBER AT LARGE (EXITED 6/23) 1.00
Director
$0 $0 $0
SYLVIA FIELDS MEMBER AT LARGE 1.00
Director
$0 $0 $0
FRED BROWN PRESIDENT/CEO 65.00
Officer
$221,272 $62,915 $284,187
OLIVIA BENSON CHIEF OPERATING OFFICER 50.00
Highest
$102,909 $50,294 $153,203
HANNAH KAROLAK CHIEF PROGRAM OFFICER 50.00
Highest
$100,595 $44,741 $145,336
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2023 $2,655,431 $2,593,246 $10,327,800 $62,185
2022 $1,718,199 $2,499,418 $9,820,078 $-781,219
2021 $3,486,741 $2,450,807 $11,532,180 $1,035,934
2020 $2,202,842 $2,338,217 $9,800,019 $-135,375
2019 $2,139,922 $2,225,199 $9,406,238 $-85,277
2018 $1,490,105 $2,282,979 $8,550,482 $-792,874
Explore More Nonprofits
Top 100 Nonprofits in Pennsylvania Largest U.S. Nonprofits Best Rated Nonprofits Most Efficient Nonprofits

Compare THE FORBES FUNDS with other nonprofits in Pennsylvania and across the country.