Nonprofit · EIN 46-2250437
BUSINESS FORWARD FOUNDATION
Tax-exempt · WASHINGTON, DC 20005
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $5,495,132 | $5,312,080 | $183,052 | $728,016 | $0 | $728,016 |
| December 31, 2023 | 990 | $473,739 | $761,516 | -$287,777 | $544,964 | $0 | $544,964 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $5,430,000
- Program service revenue
- $0
- Investment income
- $65,132
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $2,629,500
- Compensation of officers, directors and key employees
- $156,250
- Salaries, compensation and benefits (total)
- $229,764
- Professional fundraising fees
- $0
- Legal fees
- $1,503
- Accounting fees
- $17,890
- Travel
- $41,119
- Program services (functional)
- $5,111,957
- Management and general (functional)
- $145,644
- Fundraising (functional)
- $54,479
Balance sheet and other
- Total assets, start of year
- $544,964
- Total assets, end of year
- $728,016
- Total liabilities, end of year
- $0
- Net assets, end of year
- $728,016
- Gross receipts
- $5,495,132
- Employees
- 1
- Volunteers
- 0
- Year formed
- 2013
- State of legal domicile
- DC
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| JAMES DOYLE | OFFICER-DIRECTOR Trustee or director, Officer | 20 | $0 | $950,000 | $21,000 |
| ELIZABETH FAIRCHILD | EXECUTIVE DIRECTOR Key employee | 20 | $156,250 | $146,250 | $1,376 |
| SAM BROWN | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| DIANA DOUKAS | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
990 for the year ended December 31, 2023: 8 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| JAMES DOYLE | DIRECTOR Trustee or director, Officer | 20 | $275,000 | $625,000 | $68,202 |
| ELIZABETH FAIRCHILD | DIRECTOR Key employee | 20 | $150,000 | $150,000 | $7,876 |
| MARISA RENEE LEE | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| SAM BROWN | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| DAVID SUTPHEN | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| BRAD JENKINS | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| DIANA DOUKAS | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| AMY DACEY | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 601 13TH ST NW 12TH FLOOR, WASHINGTON, DC 20005-3819
- Principal officer (990 for 2024)
- JAMES DOYLE, 601 13TH ST NW 12TH FLOOR, WASHINGTON, DC 20005
- Signed the 990
- JAMES DOYLE, DIRECTOR
- Phone
- (202) 861-1270
- Return prepared by
- BSC GROUP LLC
Mission
THE BUSINESS FORWARD FOUNDATION IS AN INDEPENDENT RESEARCH ORGANIZATION THAT TAKES A BUSINESS-MINDED LOOK AT POLICY ISSUES AFFECTING AMERICA'S ECONOMIC COMPETITIVENESS.
Program accomplishments
- RESEARCH AND EDUCATION REGARDING ECONOMIC ISSUESExpenses $5,111,957 · grants $2,629,500 · revenue $5,430,000
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 46-2250437
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2013
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Arts, culture and humanities (A01)
- Assets (IRS master file)
- $728,016
- Income (IRS master file)
- $5,495,132
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $5,495,132 | $5,312,080 | $728,016 | XML |
| 990 | December 2023 | $473,739 | $761,516 | $544,964 | XML |
| 990 | December 2022 | $886,512 | $849,106 | $982,741 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 46-2250437).
Questions about BUSINESS FORWARD FOUNDATION
- What is the EIN of BUSINESS FORWARD FOUNDATION?
- The employer identification number (EIN) of BUSINESS FORWARD FOUNDATION is 46-2250437.
- Is BUSINESS FORWARD FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2013.
- Are donations to BUSINESS FORWARD FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does BUSINESS FORWARD FOUNDATION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of BUSINESS FORWARD FOUNDATION due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did BUSINESS FORWARD FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of BUSINESS FORWARD FOUNDATION?
- The 990 for the year ended December 31, 2024 names JAMES DOYLE.
- Who are the officers and directors of BUSINESS FORWARD FOUNDATION?
- The 990 for the year ended December 31, 2024 lists 4 people; 1 received compensation from the organization.
- How much revenue does BUSINESS FORWARD FOUNDATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $5,495,132, expenses of $5,312,080 and total assets of $728,016 at year end.
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