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The Forbes Funds

Organization summary

Type of Nonprofit

Designated as a Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Donations to this organization are tax deductible.

Summary charts: organization finances over time

Revenue
$2.66M (2023)

Expenses
$2.59M (2023)

Total Assets
$10.3M (2023)

Total Liabilities
$572k (2023)

Source: Form 990 tax filings from 2011 to 2023

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2023

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$2,655,431
Expenses
$2,593,246
Net Income
$62,185
Net Assets
$9,755,528
Notable Sources of Revenue Percent of Total Revenue
Contributions $1,960,108
73.8%
Program Services $230,091
8.7%
Investment Income $267,282
10.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $197,950
7.5%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $296,286
11.4%
Professional Fundraising Fees $900
0.0%
Other Salaries and Wages $470,158
18.1%
Assets/Debt
Total Assets $10,327,800
Total Liabilities $572,272
Net Assets $9,755,528
Compensation
Key Employees and Officers Compensation Related Other
Fred Brown (President/Ceo) $221,272 $0 $62,915
Olivia Benson (Chief Operating Officer) $102,909 $0 $50,294
Hannah Karolak (Chief Program Officer) $100,595 $0 $44,741
Jason Jones (Treasurer) $12,100 $0 $0
Elisabeth Schroeder (Member At Large) $0 $616,727 $73,375
Jonathan Brelsford (Member At Large) $0 $293,187 $68,264
Bill Isler (Chair) $0 $0 $0
James E Taylor (Vice Chair) $0 $0 $0
Kathy Humphrey (Member At Large) $0 $0 $0
Ann E Cudd (Member At Large (Exited 6/23)) $0 $0 $0
Sylvia Fields (Member At Large) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,718,199
Expenses
$2,499,418
Net Income
-$781,219
Net Assets
$9,238,840
Notable Sources of Revenue Percent of Total Revenue
Contributions $1,251,960
72.9%
Program Services $116,275
6.8%
Investment Income $205,656
12.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $144,308
8.4%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $288,169
11.5%
Professional Fundraising Fees $13,975
0.6%
Other Salaries and Wages $520,479
20.8%
Assets/Debt
Total Assets $9,820,078
Total Liabilities $581,238
Net Assets $9,238,840
Compensation
Key Employees and Officers Compensation Related Other
Fred Brown (President/Ceo) $220,738 $0 $59,380
Jason Jones (Treasurer) $8,050 $0 $0
Elisabeth Schroeder (Member At Large) $0 $597,259 $67,065
Jonathan Brelsford (Member At Large (Eff. 12/22)) $0 $276,572 $64,223
Kathy Humphrey Chair ((Thru 06/22), Member At Large) $0 $0 $0
Bill Isler Vice Chair ((Thru 06/22), Chair (Eff. 06/22)) $0 $0 $0
Ann E Cudd (Member At Large) $0 $0 $0
Sylvia Fields (Member At Large) $0 $0 $0
Katherine Larsen (Member At Large (Exited 11/22)) $0 $0 $0
James E Taylormem At Lar ((Thr 09/22) 2 Nd Chair (Eff.09/22)) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$3,486,741
Expenses
$2,450,807
Net Income
$1,035,934
Net Assets
$11,088,733
Notable Sources of Revenue Percent of Total Revenue
Contributions $2,708,698
77.7%
Program Services $278,249
8.0%
Investment Income $161,488
4.6%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $338,306
9.7%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $254,869
10.4%
Professional Fundraising Fees $0
Other Salaries and Wages $590,260
24.1%
Assets/Debt
Total Assets $11,532,180
Total Liabilities $443,447
Net Assets $11,088,733
Compensation
Key Employees and Officers Compensation Related Other
Fred Brown (President) $197,502 $0 $46,841
Jason Jones (Treasurer) $11,525 $0 $0
Kathy Humphrey (Chair) $0 $0 $0
Bill Isler (Vice Chair) $0 $0 $0
Nancy Rackoff (Secretary) $0 $0 $0
Anne Cudd Entered 121621 (Member At Large) $0 $0 $0
Patrick Dowd Exited 93021 (Member At Large) $0 $0 $0
Sylvia Fields Entered 7121 (Member At Large) $0 $0 $0
Scott Lammie (Member At Large) $0 $0 $0
Katherine Larsen (Member At Large) $0 $0 $0
Elisabeth Schroeder (Member At Large) $0 $551,048 $112,537
James E Taylor (Member At Large) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$2,202,842
Expenses
$2,338,217
Net Income
-$135,375
Net Assets
$9,176,386
Notable Sources of Revenue Percent of Total Revenue
Contributions $1,848,570
83.9%
Program Services $58,146
2.6%
Investment Income $166,688
7.6%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $129,438
5.9%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $235,963
10.1%
Professional Fundraising Fees $0
Other Salaries and Wages $460,432
19.7%
Assets/Debt
Total Assets $9,800,019
Total Liabilities $623,633
Net Assets $9,176,386
Compensation
Key Employees and Officers Compensation Related Other
Fred Brown (President) $173,723 $0 $48,948
Jason Jones (Member At Large) $13,292 $0 $0
Elisabeth Schroeder (Member At Large) $0 $517,894 $59,718
Kathy Humphrey Member At (Large, Chair Eff. 7/20) $0 $0 $0
Scott Lammie Chair Thru (6/20, Member At Large Eff. 7/20) $0 $0 $0
Nancy Rackoff (Secretary/Treasurer) $0 $0 $0
Patrick Dowd (Member At Large) $0 $0 $0
Bill Isler (Member At Large) $0 $0 $0
Brian Parker (Member At Large) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$2,139,922
Expenses
$2,225,199
Net Income
-$85,277
Net Assets
$8,782,409
Notable Sources of Revenue Percent of Total Revenue
Contributions $1,502,830
70.2%
Program Services $325,451
15.2%
Investment Income $168,653
7.9%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $142,988
6.7%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $216,867
9.7%
Professional Fundraising Fees $0
Other Salaries and Wages $412,288
18.5%
Assets/Debt
Total Assets $9,406,238
Total Liabilities $623,829
Net Assets $8,782,409
Compensation
Key Employees and Officers Compensation Related Other
Fred Brown (President) $170,401 $0 $46,466
Maxwell King (Member At Large (Exited 6/30/19)) $0 $413,216 $30,186
Elisabeth Schroeder (Member At Large (Entered 6/1/19)) $0 $273,978 $53,014
Scott Lammie (Chair) $0 $0 $0
Nancy Rackoff (Secretary/Treasurer) $0 $0 $0
Patrick Dowd (Member At Large) $0 $0 $0
Kathy Humphrey (Member At Large) $0 $0 $0
Bill Isler (Member At Large) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,490,105
Expenses
$2,282,979
Net Income
-$792,874
Net Assets
$7,903,513
Notable Sources of Revenue Percent of Total Revenue
Contributions $977,705
65.6%
Program Services $13,530
0.9%
Investment Income $205,942
13.8%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $292,928
19.7%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $206,281
9.0%
Professional Fundraising Fees $0
Other Salaries and Wages $451,030
19.8%
Assets/Debt
Total Assets $8,550,482
Total Liabilities $646,969
Net Assets $7,903,513
Compensation
Key Employees and Officers Compensation Related Other
Fred Brown (President) $161,193 $0 $45,088
Samantha Balbier Executive (Director Gpnp (Thru 12/7/18)) $112,663 $0 $14,768
Patrick Dowd (Member At Large) $0 $0 $0
Kathy Humphrey (Member At Large) $0 $0 $0
Bill Isler (Member At Large) $0 $0 $0
Maxwell King (Member At Large) $0 $460,251 $51,179
Scott Lammie (Chairperson) $0 $0 $0
Nancy Rackoff (Secretary/Treasurer) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$3,192,549
Expenses
$2,847,538
Net Income
$345,011
Net Assets
$9,305,281
Notable Sources of Revenue Percent of Total Revenue
Contributions $2,446,778
76.6%
Program Services $120,443
3.8%
Investment Income $172,716
5.4%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $452,612
14.2%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $192,244
6.8%
Professional Fundraising Fees $0
Other Salaries and Wages $358,373
12.6%
Assets/Debt
Total Assets $9,953,099
Total Liabilities $647,818
Net Assets $9,305,281
Compensation
Key Employees and Officers Compensation Related Other
Kate Dewey (President) $163,906 $0 $35,950
Samantha Balbier (Executive Director Gpnp) $105,241 $0 $14,976
Charles Burke Jr (Member At Large) $0 $0 $0
Patrick Dowd (Member At Large) $0 $0 $0
Kathy Humphrey (Member At Large) $0 $0 $0
Maxwell King (Member At Large) $0 $429,672 $81,714
Bill Isler Entered 6417 (Member At Large) $0 $0 $0
Scott Lammie (Chairperson) $0 $0 $0
Nancy Rackoff Eff 32017 (Secretary/Treasurer) $0 $0 $0
Brian Parker Exit 32017 (Secretary/Treasurer) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,825,461
Expenses
$2,021,498
Net Income
-$196,037
Net Assets
$8,656,471
Notable Sources of Revenue Percent of Total Revenue
Contributions $1,509,288
82.7%
Program Services $28,863
1.6%
Investment Income $170,626
9.3%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $116,684
6.4%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $179,159
8.9%
Professional Fundraising Fees $0
Other Salaries and Wages $462,893
22.9%
Assets/Debt
Total Assets $9,175,202
Total Liabilities $518,731
Net Assets $8,656,471
Compensation
Key Employees and Officers Compensation Related Other
Kate Dewey (President) $149,784 $0 $29,375
Patrick Dowd (Member At Large (Entered 06/2016)) $0 $0 $0
Maxwell King (Member At Large) $0 $446,643 $73,857
Nancy Rackoff (Member At Large) $0 $0 $0
Charles Burke Jr (Chairperson) $0 $0 $0
Scott Lammie (Treasurer) $0 $0 $0
Brian Parker (Secretary) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$2,801,520
Expenses
$2,563,240
Net Income
$238,280
Net Assets
$8,477,156
Notable Sources of Revenue Percent of Total Revenue
Contributions $2,271,423
81.1%
Program Services $141,269
5.0%
Investment Income $178,513
6.4%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $210,315
7.5%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $176,062
6.9%
Professional Fundraising Fees $0
Other Salaries and Wages $528,367
20.6%
Assets/Debt
Total Assets $9,165,582
Total Liabilities $688,426
Net Assets $8,477,156
Compensation
Key Employees and Officers Compensation Related Other
Kate Dewey (President) $148,099 $0 $27,963
Matthew Zieger (Vice President) $125,118 $0 $41,886
Nancy Rackoff (Member At Large) $0 $0 $0
Max King (Member At Large) $0 $411,856 $84,708
Charles Burke Jr (Chairperson) $0 $0 $0
Scott Lammie (Treasurer) $0 $0 $0
Brian Parker (Secretary) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$2,712,149
Expenses
$1,944,708
Net Income
$767,441
Net Assets
$8,546,920
Notable Sources of Revenue Percent of Total Revenue
Contributions $2,311,775
85.2%
Program Services $26,045
1.0%
Investment Income $162,193
6.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $212,136
7.8%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $155,779
8.0%
Professional Fundraising Fees $0
Other Salaries and Wages $374,432
19.3%
Assets/Debt
Total Assets $9,164,369
Total Liabilities $617,449
Net Assets $8,546,920
Compensation
Key Employees and Officers Compensation Related Other
Kate Dewey (President) $131,767 $0 $24,011
Grant Oliphant Exit 6614 (Member At Large) $0 $270,126 $73,247
Nancy Rackoff (Member At Large) $0 $0 $0
Max King Eff 91514 (Member At Large) $0 $113,318 $29,791
Charles Burke Jr (Chairperson) $0 $0 $0
Scott Lammie (Treasurer) $0 $0 $0
Brian Parker (Secretary) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$2,092,585
Expenses
$1,363,512
Net Income
$729,073
Net Assets
$7,706,048
Notable Sources of Revenue Percent of Total Revenue
Contributions $1,531,385
73.2%
Program Services $176,444
8.4%
Investment Income $157,882
7.5%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $226,874
10.8%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $142,053
10.4%
Professional Fundraising Fees $0
Other Salaries and Wages $225,365
16.5%
Assets/Debt
Total Assets $8,113,735
Total Liabilities $407,687
Net Assets $7,706,048
Compensation
Key Employees and Officers Compensation Related Other
Kate Dewey (President) $121,546 $0 $20,506
Grant Oliphant (Member At Large) $0 $404,017 $87,881
Nancy Rackoff (Member At Large) $0 $0 $0
Charles Burke Jr (Chairperson) $0 $0 $0
Scott Lammie (Treasurer) $0 $0 $0
Brian Parker (Secretary) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2012

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,275,435
Expenses
$1,175,535
Net Income
$99,900
Net Assets
$6,170,090
Notable Sources of Revenue Percent of Total Revenue
Contributions $992,065
77.8%
Program Services $11,500
0.9%
Investment Income $150,502
11.8%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $121,368
9.5%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $164,006
14.0%
Professional Fundraising Fees $0
Other Salaries and Wages $157,287
13.4%
Assets/Debt
Total Assets $6,693,102
Total Liabilities $523,012
Net Assets $6,170,090

Document Links

Fiscal Year Ending Dec.
2011

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,519,611
Expenses
$1,489,325
Net Income
$30,286
Net Assets
$5,768,224
Notable Sources of Revenue Percent of Total Revenue
Contributions $1,062,187
69.9%
Program Services $89,967
5.9%
Investment Income $143,345
9.4%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $224,112
14.7%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $126,892
8.5%
Professional Fundraising Fees $0
Other Salaries and Wages $190,229
12.8%
Assets/Debt
Total Assets $6,315,059
Total Liabilities $546,835
Net Assets $5,768,224

Document Links

Fiscal Year Ending Dec.
2010

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2009

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2008

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2007

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2006

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2005

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2004

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2003

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2002

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2001

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

About This Data

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

Which Organizations Are Here?

Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

Get the Data

For those interested in acquiring the original data from the source, here’s where our data comes from:

  • Raw filing data. Includes EINs and summary financials as structured data.
  • Exempt Organization profiles. Includes organization names, addresses, etc. You can merge this with the raw filing data using EIN numbers.
  • Form 990 documents. Prior to 2017, these documents were obtained and processed by Public.Resource.org and ProPublica. Bulk PDF downloads since 2017 are available from the IRS.
  • Form 990 documents as XML files. Includes complete filing data (financial details, names of officers, tax schedules, etc.) in machine-readable format. Only available for electronically filed documents. Electronic data released prior to October 2021 is also available through Amazon Web Services.
  • Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

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