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Nonprofiteer
← FORUM FOR THE FUTURE OF HIGHER EDUCATION

Form 990 for tax year 2022

Filed by FORUM FOR THE FUTURE OF HIGHER EDUCATION.

Totals

Total revenue
$596,697
Total expenses
$1,004,342
Contributions and grants received
$530,890
Grants paid
$200,000
Program service revenue
$0
Investment income
$65,807
Other revenue
$0
Total assets, end of year
$2,089,333
Total liabilities, end of year
$960,462
Net assets or fund balances, end of year
$1,128,871
Program services expenses (Part IX)
$610,742
Management and general expenses
$393,600
Fundraising expenses
$0
Program service expenses (Part III)
$610,742

Program services were 60.8% 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.

  • 1f · All other contributions, gifts and grants

    $530,890

  • 3 · Investment income

    total $65,807 · excluded $65,807

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $200,000 · program services $200,000

  • 11a · Fees: management

    total $318,943 · management and general $318,943

  • 11c · Fees: accounting

    total $25,726 · management and general $25,726

  • 11g · Fees: other

    total $1,025 · management and general $1,025

  • 13 · Office expenses

    total $47,556 · management and general $47,556

  • 17 · Travel

    total $45,720 · program services $45,720

  • 19 · Conferences, conventions and meetings

    total $365,022 · program services $365,022

  • 24a · Other expenses: PHOTOGRAPHY

    total $350 · management and general $350

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $45,149 · end of year $135,797

  • 2 · Savings and temporary cash investments

    beginning of year $2,328,720 · end of year $1,953,536

  • 17 · Accounts payable and accrued expenses

    beginning of year $600,000 · end of year $448,134

  • 25 · Other liabilities

    beginning of year $237,353 · end of year $512,328

  • 27 · Net assets without donor restrictions

    beginning of year $1,536,516 · end of year $1,128,871

Mission and programs · 2022

Mission

TO ENGAGE IN ACTIVITIES WHICH PROMOTE EDUCATION, INCLUDING CONDUCTING RESEARCH AND PRESENTING PUBLIC DISCUSSION GROUPS, FORUMS, PANEL LECTURES, AND SIMILAR PROGRAMS ON EDUCATIONAL ISSUES.

Activities or mission (Part I)

HIGHER EDUCATION RESEARCH

  • THE FORUM FOR THE FUTURE OF HIGHER EDUCATION (THE FORUM) IS AN INDEPENDENT, NONPROFIT RESEARCH CENTER, COMPRISED OF A COMMUNITY OF ACADEMIC LEADERS AND SCHOLARS FROM ACROSS THE COUNTRY WHO EXPLORE NEW THINKING IN HIGHER EDUCATION. THE FORUM FACILITATES SHARED INQUIRY AND COLLABORATION ON ISSUES LIKELY TO INFLUENCE THE FUTURE OF HIGHER EDUCATION, PRIMARILY IN ECONOMICS AND FINANCE, NEW LEARNING MEDIA AND TECHNOLOGY, ADVANCES IN THE COGNITIVE AND NEUROSCIENCES, THE ROLE OF HIGHER EDUCATION IN THE GLOBAL POLITICAL ECONOMY, AND PREPARING THE WORKFORCE OF THE FUTURE. THE FORUM SPONSORS AND CREATES RESEARCH, PRESENTS SCHOLARSHIP AT ANNUAL ASPEN SYMPOSIA, AND DISSEMINATES FINDINGS THROUGHOUT HIGHER EDUCATION. THE FORUM SPONSORS RESEARCH AND CREATES KNOWLEDGE INTENDED TO INFORM CAMPUS POLICY AND DECISION-MAKING. ITS RESEARCH AGENDA FOCUSES ON NEW THINKING AND IDEAS LIKELY TO AFFECT THE FUTURE OF HIGHER EDUCATION. EACH YEAR, 15-20 NEW FORUM SCHOLARSHIPS ARE DESIGNATED. THE FORUM IS CURRENTLY ENGAGED IN THE FOLLOWING MAJOR RESEARCH INITIATIVES:-FORUM ON POLITICS, THE ECONOMY AND HIGHER EDUCATION-FORUM ON NEW BUSINESS AND FINANCIAL MODELS-FORUM ON TECHNOLOGY INNOVATION AND ACADEMIC PRODUCTIVITY-FORUM ON HIGHER EDUCATION GOVERNANCE, LEADERSHIP AND MANAGEMENT-FORUM ON FINANCIAL MARKETS AND RISK MANAGEMENT-WGBH ON CAMPUS-FORUM ON ADVANCED LEARNING SCIENCE-FORUM ON INEQUALITY AND HIGHER EDUCATION-ADDITIONAL PROGRAMS ON GLOBALIZATION, HIGHER EDUCATION, AND THE ECONOMYFORUM SCHOLARSHIP IS PUBLISHED IN FORUM FUTURES AND BROADLY DISSEMINATED THROUGHOUT HIGHER EDUCATION. FORUM FUTURES: SUMMARY OF FORUM RESEARCH, PUBLISHED SUMMARIES OF FORUM RESEARCH DESIGNED FOR USE IN BOARD AND PLANNING RETREATS, INCLUDING FULL-TEXT OF PAPERS PRESENTED AT ANNUAL ASPEN SYMPOSIUM.

    Expenses $610,742 · Grants $200,000

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • David Oxtoby

    PRESIDENT

    Total calculated
    $611,463
    From this org
    $0
    From related orgs
    $569,500
    Other
    $41,963
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $569,500 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $25,856 related
    Nontaxable benefits
    $0 + $16,107 related
    Filer's total
    $0 + $611,463 related
  • Mark Robinson

    EXECUTIVE OFFICER

    Total calculated
    $344,472
    From this org
    $0
    From related orgs
    $290,079
    Other
    $54,393
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $290,079 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $30,326 related
    Nontaxable benefits
    $0 + $24,067 related
    Filer's total
    $0 + $344,472 related
  • Goodwin H Liu

    CHAIR OF BOARD

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • Paula J Giddings

    VICE CHAIR OF BOARD

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • Earl Lewis

    SECRETARY

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • Kenneth L Wallach

    TREASURER

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • Nancy C Andrews

    CHAIR OF BOARD (UNTIL 6/2023)

    Total calculated
    $0
    Hours/week
    1 + 4 related
  • Stephen B Heintz

    VICE CHAIR OF BOARD

    Total calculated
    $0
    Hours/week
    1 + 4 related
  • Kwame Anthony Appiah

    MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • John Mark Hansen

    MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • Cherry A Murray

    MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • David M Rubenstein

    MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • Deborah F Rutter

    MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • Larry Jay Shapiro

    MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • Shirley M Tilghman

    MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • Natasha Trethewey

    MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • Jeannette M Wing

    MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • Pauline Yu

    MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • Louise H Bryson

    MEMBER (UNTIL 6/2023)

    Total calculated
    $0
    Hours/week
    1 + 1 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

  • 4a · Severance or change-of-control payment

Answered no

  • 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)

PART I, LINE 3
THE ACADEMY'S COMPENSATION COMMITTEE CONSISTS OF FIVE MEMBERS OF THE BOARD OF DIRECTORS INCLUDING THE CHAIR, THE TWO VICE-CHAIRS AND THE TREASURER. THE COMMITTEE MEETS ANNUALLY TO REVIEW AND DETERMINE THE SALARY OF THE PRESIDENT AND TO REVIEW THE SALARIES OF OTHER OFFICERS. THESE PROCEDURES USED DATA AS TO COMPARABLE COMPENSATION FOR SIMILARLY QUALIFIED PERSONS IN FUNCTIONALLY COMPARABLE POSITIONS AT SIMILARLY SITUATED ORGANIZATIONS. THERE WAS CONTEMPORANEOUS DOCUMENTATION AND RECORDKEEPING FOR DELIBERATIONS AND DECISIONS REGARDING THE COMPENSATION ARRANGEMENTS.

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.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • NORTON'S WOODS INC

    C · EVENT SERVICES · MA

Provenance

Return type
form_990
Tax year
2022
Filed
10 May 2024
IRS schema version
2022v5.0
Source object
202431349349301928

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