Overview
What is The Forbes Funds?
The Forbes Funds is a nonprofit organization that plays a pivotal role in enhancing the effectiveness and reach of community-based nonprofits. Based on a transformative model, it aims to boost the management capabilities and impact of these organizations individually and collectively. It serves as a bridge between funders and the nonprofit sector, striving to improve regional well-being. The Greater Pittsburgh Nonprofit Partnership (GPNP), an initiative led by The Forbes Funds, harnesses the collective strength of the sector to shape policies, offer input on community strategies, and amplify purchasing power. GPNP hosts The Greater Pittsburgh Nonprofit Partnership (GPNP) event bi-annually.
Official website here: www.forbesfunds.org
Is The Forbes Funds legitimate?
The Forbes Funds is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Forbes Funds submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $296,286
Professional Fundraising Fees: $900
Other Salaries and Wages: $470,158
For more financial information, click here
Official website here: www.forbesfunds.org
What is the mission statement of The Forbes Funds?
The Forbes Funds' mission is centered around enhancing the management capabilities and impact of community nonprofit organizations. They achieve this through a transformative systemic approach, acting as a bridge between funders and the nonprofit community. By doing so, they contribute to the betterment of their region. The Greater Pittsburgh Nonprofit Partnership (GPNP), an initiative by The Forbes Funds, leverages the collective strength of the sector to influence policies, offer input on community priorities and strategies, and boost their collective purchasing power. The GPNP holds a bi-annual event to foster collaboration among nonprofit organizations.
Official website here: www.forbesfunds.org
Who is the CEO of The Forbes Funds?
Fred Brown is the CEO of The Forbes Funds The CEO's salary of The Forbes Funds is $221,272 and their total compensation is $284,187.
Official website here: www.forbesfunds.org
What is the revenue of The Forbes Funds?
The Forbes Funds's revenue in 2023 was $2,655,431.
Official website here: www.forbesfunds.org
Who are the executives of The Forbes Funds and what are their salaries?
The average compensation at The Forbes Funds during 2023 was $63,870. There are 12 employees and 61 volunteers at The Forbes Funds.
Here are 11 key members and their salaries (The Forbes Funds's CEO's salary is $221,272 and their total compensation is $284,187):
- Compensation: $0
- Related: $616,727
- Other: $73,375
- Compensation: $0
- Related: $293,187
- Other: $68,264
- Compensation: $12,100
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $221,272
- Related: $0
- Other: $62,915
- Compensation: $102,909
- Related: $0
- Other: $50,294
- Compensation: $100,595
- Related: $0
- Other: $44,741
Official website here: www.forbesfunds.org
Where can I find the form 990 for The Forbes Funds?
The Forbes Funds's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.forbesfunds.org
Learn more at the official website: www.forbesfunds.org
Mission Statement of The Forbes Funds
The Forbes Funds, a notable entity, is dedicated to enhancing the management capabilities and overall impact of community nonprofits. It achieves this goal by adopting a transformative, systemic approach, working both individually with nonprofits and collectively within the sector. By positioning itself as a bridge between funders and the nonprofit community, The Forbes Funds contributes to the betterment of the region as a whole.
The Greater Pittsburgh Nonprofit Partnership (GPNP), a component of The Forbes Funds, leverages the collective strength of the nonprofit sector. GPNP plays a pivotal role in shaping regional policy, providing input on community priorities, and enhancing the purchasing power of the sector. It organizes the Greater Pittsburgh Nonprofit Partnership bi-annually, further demonstrating its commitment to fostering collaboration and growth within the nonprofit community.
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Impact
October, 2024
The Forbes Funds significantly enhances the management capacity and overall impact of community nonprofits in the Pittsburgh region. By employing a systemic transformational model, it strengthens these organizations both individually and collectively. This approach serves to elevate the effectiveness of nonprofits while advancing the well-being of the community.
By positioning itself at the intersection of funders and nonprofits, The Forbes Funds plays a vital role in fostering collaboration and resource sharing that ultimately benefits the broader community. Through initiatives like the Greater Pittsburgh Nonprofit Partnership (GPNP), it harnesses the collective strength of the nonprofit sector, allowing for informed policy advocacy and contributing to community priorities and strategies.
The GPNP, organized bi-annually, acts as a powerful platform for nonprofits to increase their purchasing power and leverage their collective voices. This collaboration not only improves individual organizations' capacities but also amplifies their impact on the region, addressing key issues and enhancing community improvement efforts.
Overall, The Forbes Funds drives meaningful transformation within the nonprofit sector, ensuring that organizations are equipped to meet the evolving needs of the communities they serve.
This information is meant to be a general summary of The Forbes Funds. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $267,282
- Program Service Revenue: $230,091
- Gross Receipts: $3,251,434
Assets and Liabilities:
- Total Assets: $9,820,078
- Total Liabilities: $581,238
- Net Assets: $9,238,840
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
GPNP SUMMIT
Revenue
$185,231
STOP THE VIOLENCE PROG
Revenue
$23,948
PEOPLE NEED PEOPLE
Revenue
$15,000
ALL OTHER PROGRAM REV
Revenue
$5,912
Organization Details
Founding Year
1982
Principal Officer
Fred Brown
Website
www.forbesfunds.orgNTEE Category
Code: S50 - Community improvement
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