Overview
What is The Forward Fund Inc?
The Forward Fund Inc is a nonprofit organization based in New York, NY, specifically at 125 Maiden Lane, Floor 8. They are dedicated to promoting and strengthening Jewish peoplehood, culture, and heritage by supporting and benefiting The Forward Association Inc through grants and occupancy. Their primary mission focuses on enhancing the Jewish community by providing essential resources to The Forward Association Inc.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 82% (Three-Star out of Four Star Rating)
The Forward Fund Inc has received an 82% rating from Charity Navigator, indicating a solid performance in terms of accountability and finance. This score reflects the charity's commitment to maintaining a robust financial structure and transparency, which is crucial for building trust with donors and stakeholders.
Strengths of The Forward Fund include a fully independent board, with all eight members meeting the criteria, and a high program expense ratio of 94.66%. This demonstrates that the majority of their funds are directed towards their mission rather than administrative costs. Additionally, the organization has no recorded material diversion of assets, further highlighting its fiscal responsibility.
While the organization has shown commendable financial practices, the single beacon score means that there may be areas not covered in this evaluation. Potential donors might want to explore additional aspects of the organization's impact and effectiveness beyond just the financial metrics provided.
This AI summary has been generated from information found on Charity Navigator.
Is The Forward Fund Inc legitimate?
The Forward Fund Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Forward Fund Inc 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of The Forward Fund Inc?
The Forward Fund Inc is dedicated to promoting and enhancing Jewish peoplehood, culture, and heritage through its support of The Forward Association Inc. The mission of the Forward Fund is to strengthen the Jewish community by benefiting The Forward Association Inc. This is accomplished through the provision of grants to the organization. The Forward Fund's commitment extends beyond financial assistance, as it also grants occupancy to The Forward Association Inc. These efforts are aimed at furthering the Association's mission and ultimately, preserving and celebrating Jewish traditions and identity.
Who is the CEO of The Forward Fund Inc?
Rachel Fishman Feddersen is the CEO of The Forward Fund Inc The CEO's salary of The Forward Fund Inc is $0 and their total compensation is $377,575.
What is the revenue of The Forward Fund Inc?
The Forward Fund Inc's revenue in 2023 was $961,330.
Who are the executives of The Forward Fund Inc and what are their salaries?
There 6 volunteers at The Forward Fund Inc.
Here are 9 key members and their salaries (The Forward Fund Inc's CEO's salary is $0 and their total compensation is $377,575):
- 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: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $330,353
- Other: $47,222
- Compensation: $0
- Related: $94,510
- Other: $22,564
- Compensation: $0
- Related: $116,612
- Other: $676
Where can I find the form 990 for The Forward Fund Inc?
The Forward Fund Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of The Forward Fund Inc
The Forward Fund Inc is a mission-driven organization dedicated to enhancing Jewish peoplehood, culture, and heritage. It achieves this goal by providing support and benefits to The Forward Association Inc.
In essence, The Forward Fund Inc serves as a crucial partner in strengthening The Forward Association Inc's mission. Through the extension of grants and occupancy, it contributes significantly to the association's efforts.
The Forward Fund Inc's primary objective is to fortify the Jewish community by investing in The Forward Association Inc's initiatives. By doing so, it ensures the preservation and enrichment of Jewish traditions, values, and history.
The Forward Fund Inc's assistance empowers The Forward Association Inc to make a profound impact on Jewish life. Together, they foster a vibrant and enduring connection to Jewish identity, ensuring its continued growth and relevance.
The Forward Fund Inc's commitment to The Forward Association Inc extends beyond financial support. It collaborates closely with the association to provide resources and expertise, further bolstering its ability to serve the Jewish community effectively.
Through this symbiotic relationship, The Forward Fund Inc plays a pivotal role in sustaining and advancing Jewish culture, peoplehood, and heritage. Its unwavering dedication and investment in The Forward Association Inc ultimately contribute to a stronger, more resilient Jewish community.
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Impact
October, 2024
The Forward Fund Inc significantly contributes to the preservation and promotion of Jewish culture, peoplehood, and heritage. By providing grants and support to The Forward Association Inc., it enables various initiatives that celebrate and disseminate Jewish history and culture. This support bolsters educational programs, cultural events, and community engagement, fostering a greater understanding and appreciation of Jewish traditions and values among diverse audiences. The Forward Fund's impact is felt through enhanced cultural programming, increased accessibility to Jewish educational resources, and strengthened community ties within New York and beyond.
This information is meant to be a general summary of The Forward Fund Inc. 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: $585,544
- Gross Receipts: $6,499,855
Assets and Liabilities:
- Total Assets: $28,381,166
- Total Liabilities: $1,193,131
- Net Assets: $27,188,035
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Organization Details
Founding Year
2011
Principal Officer
Rachel Fishman Feddersen
NTEE Category
Code: D20 - Animals
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