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THE FORBES FUNDS

EIN 25-1418095 PITTSBURGH, PA

Revenue 2024
$1,683,390
Expenses 2024
$2,320,380

Program services were 71.7% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

As filed

Subsection
03
Classification
1000
Street
TWO ALLEGHENY CENTER NOVA TOWER 2 S

These codes are the IRS's own and are shown exactly as filed. What each one means is in the Business Master File documentation (opens in a new tab).

Officers and directors · 2024

As listed in Part VII of the 2024 return, in the order the filer printed them. Each return names its own; this is not a roster the organization keeps with us.

  • ELISABETH SCHROEDER

    MEMBER AT LARGE

    Total calculated
    $720,300
    From this org
    $0
    From related orgs
    $647,859
    Other
    $72,441
    Hours/week
    1 + 51.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $576,186 related
    Bonus
    $0 + $60,000 related
    Other
    $0 + $11,673 related
    Deferred
    $0 + $55,200 related
    Nontaxable benefits
    $0 + $17,241 related
    Filer's total
    $0 + $720,300 related

  • JONATHAN BRELSFORD

    MEMBER AT LARGE

    Total calculated
    $379,505
    From this org
    $0
    From related orgs
    $307,282
    Other
    $72,223
    Hours/week
    1 + 41.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $304,833 related
    Bonus
    $0
    Other
    $0 + $2,449 related
    Deferred
    $0 + $31,255 related
    Nontaxable benefits
    $0 + $40,968 related
    Filer's total
    $0 + $379,505 related

  • JASON JONES

    TREASURER

    Total calculated
    $4,575
    From this org
    $4,575
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • BILL ISLER

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • JAMES E TAYLOR

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • KATHY HUMPHREY

    MEMBER AT LARGE

    Total calculated
    $0
    Hours/week
    1

  • SYLVIA FIELDS

    MEMBER AT LARGE (EXIT 3/24)

    Total calculated
    $0
    Hours/week
    1

  • JEREMIAH BROOKER

    MEMBER AT LARGE (ENTER 6/24)

    Total calculated
    $0
    Hours/week
    1

  • STANLEY LITOW

    MEMBER AT LARGE (ENTER 6/24)

    Total calculated
    $0
    Hours/week
    1

  • FRED BROWN

    PRESIDENT/CEO

    Total calculated
    $293,789
    From this org
    $230,023
    From related orgs
    $0
    Other
    $63,766
    Hours/week
    65

    Schedule J breakdown matched by us

    Base
    $217,316
    Bonus
    $7,000
    Other
    $5,707
    Deferred
    $22,496
    Nontaxable benefits
    $41,270
    Filer's total
    $293,789

  • OLIVIA BENSON GALLINA

    CHIEF OPERATING OFFICER

    Total calculated
    $156,787
    From this org
    $104,152
    From related orgs
    $0
    Other
    $52,635
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $100,505
    Bonus
    $3,500
    Other
    $147
    Deferred
    $10,927
    Nontaxable benefits
    $41,708
    Filer's total
    $156,787

  • HANNAH KAROLAK

    CHIEF PROGRAM OFFICER

    Total calculated
    $147,328
    From this org
    $102,896
    From related orgs
    $0
    Other
    $44,432
    Hours/week
    50

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 — 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. Earlier years are each on their own filing page.

Filings

  • 2024
    Revenue
    $1,683,390
    Expenses
    $2,320,380
    Contributions
    $519,055
    Grants paid
    $170,000
  • 2023
    Revenue
    $2,655,431
    Expenses
    $2,593,246
    Contributions
    $1,960,108
    Grants paid
    $210,000
  • 2022
    Revenue
    $1,718,199
    Expenses
    $2,499,418
    Contributions
    $1,251,960
    Grants paid
    $305,000

The four totals the IRS asks for on Part I of the Form 990, as filed. A dash means the figure was not present on the return — not that it was zero.

Grants made

The 10 largest by cash amount. The API serves every itemized grant.

Where these grants went next →

Grants received

Related organizations

From Schedule R Part II, where a filer lists the tax-exempt organizations it is related to by control. It does not record shared board members or money.

Declared on its 2024 return

Declared as related by

Other IRS files

Auto-Revocation List

Not listed. The IRS publishes this list for organizations whose exemption was automatically revoked for failing to file for three consecutive years.

Publication 78

Listed as of 10 September 2026, under deductibility SOUNK.

These are two separate IRS files on two separate schedules, shown as published and not reconciled with each other. Neither is a statement about whether a contribution is deductible today: 19,245 organizations appear in Publication 78 while the IRS's own revocation file lists them as currently revoked, more than half of those revoked before 2019. Absence from Publication 78 is evidence of nothing, and presence is not evidence either. Verify current status with the IRS before relying on it.