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Nonprofit · EIN 45-4590140

FORWARD FUND INC

Tax-exempt · NEW YORK, NY 10038

Financials

$961K$3.2M2023$1.3M$2.3M2024
Revenue Expenses · by fiscal year end
Financials of FORWARD FUND INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$1,308,164$2,307,908-$999,744$27,687,244$1,945,393$25,741,851
December 31, 2023990$961,330$3,198,828-$2,237,498$27,923,676$1,534,134$26,389,542
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$0
Program service revenue
$0
Investment income
$1,308,164
Net gain from sales of assets
$390,445
Other revenue
$0

Expenses

Grants and similar amounts paid
$1,448,000
Salaries, compensation and benefits (total)
$0
Professional fundraising fees
$0
Occupancy
$458,613
Depreciation
$359,071
Program services (functional)
$2,215,688
Management and general (functional)
$92,220

Balance sheet and other

Total assets, start of year
$27,923,676
Total assets, end of year
$27,687,244
Total liabilities, end of year
$1,945,393
Net assets, end of year
$25,741,851
Land, buildings and equipment
$8,531,340
Publicly traded securities
$18,123,274
Net assets without donor restrictions
$25,741,851
Gross receipts
$3,795,389
Employees
0
Volunteers
7
Year formed
2011
State of legal domicile
NY

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.

NameTitleHours / weekCompensationFrom related orgsOther / benefits
RACHEL FISHMAN FEDDERSENCEO
Officer
1$0$365,640$49,962
SOCHIETA MOTHVP, FINANCE AND OPERATIONS
Officer
1$0$235,082$3,741
ALAN SILBERSTEINCHAIR
Trustee or director, Officer
1$0$0$0
HOWARD SWIBEL from 111224SECRETARY
Trustee or director, Officer
1$0$0$0
JAMES FELDMANVICE-CHAIR
Trustee or director, Officer
1$0$0$0
JEFF GOTTLIEB THRU 111224SECRETARY
Trustee or director, Officer
1$0$0$0
SAMUEL NORICHPRESIDENT
Trustee or director, Officer
2$0$0$0
YEHESKEL DATTNERTREASURER
Trustee or director, Officer
1$0$0$0
JACOB MOROWITZINVESTMENT POLICY COMMITTEE
Trustee or director
1$0$0$0
990 for the year ended December 31, 2023: 9 people
NameTitleHours / weekCompensationFrom related orgsOther / benefits
RACHEL FISHMAN FEDDERSENCEO & PUBLISHER
Officer
1$0$330,353$47,222
SOCHIETA MOTH FROM 53023VP, FINANCE AND OPERATIONS
Officer
1$0$116,612$676
ALAN BENDICH THROUGH 61523VP, FINANCE AND OPERATIONS
Officer
1$0$94,510$22,564
SAMUEL NORICHPRESIDENT
Trustee or director, Officer
2$0$0$0
ALAN SILBERSTEINCHAIR
Trustee or director, Officer
1$0$0$0
JAMES FELDMANVICE-CHAIR
Trustee or director, Officer
1$0$0$0
YAHESKEL DATTNERTREASURER
Trustee or director, Officer
1$0$0$0
JEFF GOTTLIEBSECRETARY
Trustee or director, Officer
1$0$0$0
JACOB MOROWITZINVESTMENT POLICY COMMITTE
Trustee or director
1$0$0$0

Address and contacts

Address (IRS master file)
125 MAIDEN LN FL 8, NEW YORK, NY 10038-5015
In care of
% SAMUEL NORICH
Principal officer (990 for 2024)
RACHEL FISHMAN FEDDERSEN, 125 Maiden Lane Floor 8, New York, NY 10038
Signed the 990
RACHEL FISHMAN FEDDERSEN, CEO
Phone
(212) 889-8200
Return prepared by
Forvis Mazars LLP

Mission

THE MISSION OF THE FORWARD FUND, INC. IS TO PROMOTE AND STRENGTHEN JEWISH PEOPLEHOOD, CULTURE AND HERITAGE BY SUPPORTING AND BENEFITING THE FORWARD ASSOCIATION INC.

990 for the year ended December 31, 2024

Program accomplishments

  • SUPPORT IN THE FORM OF GRANTS AND OCCUPANCY TO THE FORWARD ASSOCIATION INC. IN SUPPORT OF THEIR MISSION.
    Expenses $2,215,688 · grants $1,448,000

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 yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
45-4590140
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Supporting organization, Type I
Donations deductible (Pub 78)
Supporting organization, 50% limit
Exempt since
2014
Accounting year ends
December
Files
Form 990 or 990-EZ
Category (NTEE)
Animal-related (D20)
Assets (IRS master file)
$27,687,244
Income (IRS master file)
$3,795,389

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$1,308,164$2,307,908$27,687,244XML
990December 2023$961,330$3,198,828$27,923,676XML
990December 2022$830,155$3,249,642$28,381,166IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2018–––IRS
990December 2017–––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 45-4590140).

Questions about FORWARD FUND INC

What is the EIN of FORWARD FUND INC?
The employer identification number (EIN) of FORWARD FUND INC is 45-4590140.
Is FORWARD FUND INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2014.
Are donations to FORWARD FUND INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Supporting organization, 50% limit).
Which annual return does FORWARD FUND INC 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 FORWARD FUND INC 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 FORWARD FUND INC 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 FORWARD FUND INC?
The 990 for the year ended December 31, 2024 names RACHEL FISHMAN FEDDERSEN.
Who are the officers and directors of FORWARD FUND INC?
The 990 for the year ended December 31, 2024 lists 9 people; 0 received compensation from the organization.
How much revenue does FORWARD FUND INC have?
On its 990 for the year ended December 31, 2024 it reported revenue of $1,308,164, expenses of $2,307,908 and total assets of $27,687,244 at year end.

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