Skip to content
Nonprofiteer
← FORWARD FUND INC

Form 990 for tax year 2023

Filed by FORWARD FUND INC.

Totals

Total revenue
$961,330
Total expenses
$3,198,828
Contributions and grants received
$0
Grants paid
$2,450,000
Program service revenue
$0
Investment income
$984,044
Other revenue
-$22,714
Total assets, end of year
$27,923,676
Total liabilities, end of year
$1,534,134
Net assets or fund balances, end of year
$26,389,542
Program services expenses (Part IX)
$3,121,419
Management and general expenses
$77,409
Fundraising expenses
$0
Program service expenses (Part III)
$3,121,419

Program services were 97.6% 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.

  • 3 · Investment income

    total $585,544 · excluded $585,544

  • 6a · Gross rents

    real property $25,499

  • 6b · Less rental expenses

    real property $48,213

  • 6c · Rental income or loss

    real property -$22,714

  • 6d · Net rental income or loss

    total -$22,714 · excluded -$22,714

  • 7a · Gross sales of assets other than inventory

    securities $5,888,812

  • 7b · Less cost or other basis and sales expenses

    securities $5,490,312

  • 7c · Gain or loss

    securities $398,500

  • 7d · Net gain or loss

    total $398,500 · excluded $398,500

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $2,450,000 · program services $2,450,000

  • 11f · Fees: investment management

    total $40,308 · management and general $40,308

  • 16 · Occupancy

    total $335,760 · program services $318,515 · management and general $17,245

  • 22 · Depreciation, depletion and amortization

    total $372,010 · program services $352,904 · management and general $19,106

  • 24e · All other expenses

    total $750 · management and general $750

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $3,072 · end of year $3,228

  • 9 · Prepaid expenses and deferred charges

    beginning of year $23,837 · end of year $31,782

  • 10a · Land, buildings and equipment: cost or other basis

    $14,231,217

  • 10b · Land, buildings and equipment: accumulated depreciation

    $5,340,808

  • 10c · Land, buildings and equipment, net

    beginning of year $9,262,420 · end of year $8,890,409

  • 11 · Investments: publicly traded securities

    beginning of year $19,091,837 · end of year $17,998,257

  • 12 · Investments: other securities

    end of year $1,000,000

  • 17 · Accounts payable and accrued expenses

    beginning of year $7,707 · end of year $9,961

  • 25 · Other liabilities

    beginning of year $1,185,424 · end of year $1,524,173

  • 27 · Net assets without donor restrictions

    beginning of year $27,188,035 · end of year $26,389,542

Mission and programs · 2023

Mission

THE MISSION OF THE FORWARD FUND, INC. IS TO PROMOTE AND STRENGTHENJEWISH PEOPLEHOOD, CULTURE AND HERITAGE BY SUPPORTING AND BENEFITINGTHE FORWARD ASSOCIATION INC.

Activities or mission (Part I)

PROMOTE AND STRENGTHEN JEWISH PEOPLEHOOD, CULTURE AND HERITAGE BY SUPPORTING AND BENEFITING THE FORWARD ASSOCIATION INC.

  • SUPPORT IN THE FORM OF GRANTS AND OCCUPANCY TO THE FORWARD ASSOCIATION INC. IN SUPPORT OF THEIR MISSION.

    Expenses $3,121,419 · Grants $2,450,000

As filed on the 2023 return.

Listed in Part VII

  • SAMUEL NORICH

    PRESIDENT

    Total calculated
    $0
    Hours/week
    2 + 6 related

  • ALAN SILBERSTEIN

    CHAIR

    Total calculated
    $0
    Hours/week
    1 + 8 related

  • JAMES FELDMAN

    VICE-CHAIR

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • YAHESKEL DATTNER

    TREASURER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • JEFF GOTTLIEB

    SECRETARY

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • JACOB MOROWITZ

    INVESTMENT POLICY COMMITTE

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • RACHEL FISHMAN FEDDERSEN

    CEO & PUBLISHER

    Total calculated
    $377,575
    From this org
    $0
    From related orgs
    $330,353
    Other
    $47,222
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $314,853 related
    Bonus
    $0 + $15,500 related
    Other
    $0
    Deferred
    $0 + $6,496 related
    Nontaxable benefits
    $0 + $40,726 related
    Filer's total
    $0 + $377,575 related

  • ALAN BENDICH THROUGH 61523

    VP, FINANCE AND OPERATIONS

    Total calculated
    $117,074
    From this org
    $0
    From related orgs
    $94,510
    Other
    $22,564
    Hours/week
    1 + 40 related

  • SOCHIETA MOTH FROM 53023

    VP, FINANCE AND OPERATIONS

    Total calculated
    $117,288
    From this org
    $0
    From related orgs
    $116,612
    Other
    $676
    Hours/week
    1 + 40 related

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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

FORM 990, SCHEDULE J, PART I, LINE 3
COMPENSATION PROCESS OF THE RELATED ORGANIZATION: THE CEO/PUBLISHER'S AND ALL EMPLOYEES' COMPENSATION IS REVIEWED BY THE COMPENSATION COMMITTEE AFTER EXAMINING PERTINENT NOT FOR PROFIT COMPANIES. ONCE APPROVED BY THE COMPENSATION COMMITTEE, THE BOARD OF DIRECTORS VOTES ON THE PROPOSED CONTRACT (CONTRACT NOT APPLICABLE FOR REGULAR EMPLOYEES). THE PROCESS IS DONE ANNUALLY.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2023
Filed
20 October 2024
IRS schema version
2023v5.1
Source object
202422959349301042

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.