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← FORBES AVENUE FOUNDATION

Form 990 for tax year 2024

Filed by FORBES AVENUE FOUNDATION.

Totals

Total revenue
$494,105
Total expenses
$363,555
Contributions and grants received
$480,731
Grants paid
$0
Program service revenue
$0
Investment income
$0
Other revenue
$13,374
Total assets, end of year
$148,579
Total liabilities, end of year
$3,222
Net assets or fund balances, end of year
$145,357
Program services expenses (Part IX)
$209,810
Management and general expenses
$79,349
Fundraising expenses
$74,396
Program service expenses (Part III)
$209,810

Program services were 57.7% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1e · Government grants (contributions)

    $13,813

  • 1f · All other contributions, gifts and grants

    $466,918

  • 11a · Other revenue: OTHER REVENUE

    total $13,374 · related or exempt $13,374

  • 11e · Other revenue, total

    $13,374

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $129,918 · program services $72,609 · management and general $9,325 · fundraising $47,984

  • 7 · Other salaries and wages

    total $118,287 · program services $54,767 · management and general $44,662 · fundraising $18,858

  • 10 · Payroll taxes

    total $21,732 · program services $9,573 · management and general $4,605 · fundraising $7,554

  • 11c · Fees: accounting

    total $9,566 · management and general $9,566

  • 11g · Fees: other

    total $9,231 · program services $9,231

  • 12 · Advertising and promotion

    total $4,959 · program services $4,959

  • 13 · Office expenses

    total $9,375 · program services $2,155 · management and general $7,220

  • 17 · Travel

    total $6,524 · program services $6,524

  • 19 · Conferences, conventions and meetings

    total $1,368 · program services $1,368

  • 23 · Insurance

    total $4,931 · program services $4,931

  • 24a · Other expenses: CATERING

    total $24,743 · program services $24,743

  • 24b · Other expenses: HONORARIA

    total $18,950 · program services $18,950

  • 24c · Other expenses: PAYROLL PROCESSING

    total $2,751 · management and general $2,751

  • 24d · Other expenses: BANK SERVICE CHARGES

    total $1,220 · management and general $1,220

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $17,193 · end of year $148,439

  • 5 · Loans and receivables from officers and key people

    beginning of year $123 · end of year $123

  • 7 · Other notes and loans receivable

    beginning of year $17 · end of year $17

  • 17 · Accounts payable and accrued expenses

    beginning of year $2,526 · end of year $3,222

  • 27 · Net assets without donor restrictions

    beginning of year $14,807 · end of year $145,357

Mission and programs · 2024

Mission

BEATRICE INSTITUTE IS AN ECUMENICAL LEARNING AND RESEARCH COMMUNITY BASED IN PITTSBURGH THAT FOSTERS FRIENDSHIPS AROUND THE CHRISTIAN INTELLECTUAL AND CULTURAL TRADITIONS IN PURSUIT OF THE BEAUTIFUL, THE TRUE, AND THE GOOD.

Activities or mission (Part I)

TO PROVIDE PROGRAMS THAT ENCOURAGE THE UNIVERSITY STUDENTS TO EXPERIENCE THE CHRISTIAN INTELLECTUAL EXPERIENCE.

  • CHRISTIAN STUDIES FELLOWSHIP: PROVIDE ADVISING, EXTRACURRICULAR EVENTS, LECTURES AND SEMINARS TO UNDERGRADUATE AND GRADUATE FELLOWS.

    Expenses $209,810

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Dan Veres

    PRESIDENT

    Total calculated
    $0
    Hours/week
    5

  • Daren D'Ippolito

    VICE PRESIDE

    Total calculated
    $0
    Hours/week
    5

  • Jason Spak

    SECRETARY

    Total calculated
    $0
    Hours/week
    5

  • Mark Grobaker

    TREASURER

    Total calculated
    $0
    Hours/week
    5

  • James Demasi

    EXECUTIVE DI

    Total calculated
    $93,250
    From this org
    $93,250
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Ryan McDermott

    FOUNDER, SR

    Total calculated
    $36,668
    From this org
    $36,668
    From related orgs
    $0
    Other
    $0
    Hours/week
    10

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2024
Filed
10 November 2025
IRS schema version
2024v5.0
Source object
202513379349300801

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