William Guy Forbeck Research Foundation

Tax-deductible

Carbondale, CO501(c)(3)Since 1983EIN 57-0788084Revenue $728K in FY2024

On file with the IRSwgfrf.org398 Caballo St, 81623-9799 · Carbondale, COTax-exempt since Jul 1985Publicly supported charity — 170(b)(1)(A)(vi)

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With its origin in pediatric cancer, the William Guy Forbeck Research Foundation promotes advances in cancer Research through collaboration

501(c)(3) charity; gifts are tax-deductible.
70¢ of each $1 spent went to programs.
Run by 6 volunteers and 2 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
1 of 5
filings with a surplus
Average deficit $216K a year · 41% of revenue · last 5 filings
Concern: a surplus in 1 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
70%
of spending
Fine: 70% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$191K
to officers and key staff · 21% of spending
Worth a look: pay to officers and key staff is 21% of spending; over 20%.
Pt VII · Sec A
Cash reserves
6 mo
of spending, in cash
Looks good: 5.5 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
5
named funders · $99K
Looks good: 5 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$39K
1% of total assets
Looks good: liabilities are 1% of assets; 50% or less.
Pt X · Ln 26
Independent board members
11
of 13 voting members
Looks good: 11 of 13 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$728K
+87% vs prior year
Spent
$907K
To programs
70%
Net assets
$3.6M
By yearFY2020–FY2024
Revenue
$728K
FY2024▲ +87%
Tap a bar for its year
Revenue by fiscal year
FY2020$595K
FY2021$761K
FY2022$161K
FY2023$389K
FY2024$728K
Expenses
$907K
FY2024▲ +17%
Tap a bar for its year
Expenses by fiscal year
FY2020$300K
FY2021$977K
FY2022$755K
FY2023$776K
FY2024$907K
Net assets
$3.6M
FY2024▼ -3%
Tap a bar for its year
Net assets by fiscal year
FY2020$5.5M
FY2021$5.1M
FY2022$3.7M
FY2023$3.7M
FY2024$3.6M

From the FY2024 Form 990 · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jul 1985.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

70 cents of each dollar spent went to programs.

Program services 70% · $633K Management & general 11% · $103K Fundraising 19% · $170K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

13 people listed on the 990; $191K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Director
$121,250Pt VII · Sec A
$70,000Pt VII · Sec A
Director/Treasurer
$0Pt VII · Sec A
Director/President
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director/Sci Advisory Bd
$0Pt VII · Sec A
Director/Str Planning Chair
$0Pt VII · Sec A

Compensation history total reportable pay by year · 4 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Ms Jamie F Collins$121,250$105,000$105,643——
Mrs Jamie F Collins———$95,833$92,892
Mr Aaron Jesser$70,000————
Mr Aaron H Jesser—$65,000$60,000$55,833$53,800

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See William Guy Forbeck Research Foundation executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Funds and encourages cancer research collaboration.

Questions for William Guy Forbeck Research Foundation

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Provided by the organization

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2 programs · $633K · in their own filed words · FY2024
01

Forbeck Forums and Forbeck Scholar Retreats

Intimate three day meetings which include 'think tanks' for some of the leading international cancer researchers and early cancer oncology investigators with great future promise. These events offer educational, career development and networking opportunities.

$625Kprogram expense
02

Scientific Advisory Board (sab)

A small committee of well respected physicians and scientists from the arenas of cancer biology and clinical care that assist to drive the mission of the foundation. The sab advises the board of directors on the scientific activities of the foundation.

$8Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2024
See all 5 funders →
Grants paid · 1 grant · $576K · 2021–2021
Unitemized GrantFY2021$576,052

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$728K
Ln 12
Investment incomeLn 3$422K
Gifts and grantsLn 1h$291K
Other incomeLn 4–11$16K
Money outPt IX
$907K
Ln 25
Programscol B$633K
Managementcol C$103K
Fundraisingcol D$170K
Owns and owesPt X
$3.6M
net assets · Ln 32
Cash and savingsLn 1–2$414K
Total assetsLn 16$3.6M
LiabilitiesLn 26$39K
PeoplePt VI, VII
13
listed · VII A
PaidVII A2
Voting boardVI 1a13
IndependentVI 1b11
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$291K
Noncash giftsLn 1g$5K
Fundraising eventsLn 1c$20K
Investment incomeLn 3$422K
Other incomeLn 4–11$16K
Gains on assetsLn 7$310K
Total revenueLn 12$728K
Assets in detailPt X, end of year
SavingsLn 2$414K
Cash and savings togetherLn 1–2$414K
InvestmentsLn 11–13$3.0M
Other assetsLn 15$18K
Total assetsLn 16$3.6M
LiabilitiesLn 26$39K
Net assetsLn 32$3.6M
OperationsPt I, VI
EmployeesI 52
VolunteersI 66
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$171K$414K
InvestmentsLn 11–13$3.5M$3.0M
Total assetsLn 16$3.7M$3.6M
LiabilitiesLn 26$18K$39K
Net assetsLn 32$3.7M$3.6M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$214K$81K$24K$108K
Other salaries and wagesLn 7$100K$58K$42K
Payroll taxesLn 10$17K$7K$2K$9K
Accounting feesLn 11c$72K$72K
Advertising and promotionLn 12$6K$6K
Office expensesLn 13$2K$2K
Information technologyLn 14$3K$808$2K
TravelLn 17$168K$167K$859$960
Conferences, conventions and meetingsLn 19$307K$305K$2K$245
InsuranceLn 23$662$252$74$336
Other expenses (24a–d)Ln 24$17K$9K$73$8K
Total functional expensesLn 25$907K$633K$103K$170K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $728K$907K−$179K$3.6M 990 PDF
FY2023 $389K$776K−$387K$3.7M 990 PDF
FY2022 $161K$755K−$593K$3.7M 990 PDF
FY2021 $761K$977K−$217K$5.1M 990 PDF
FY2020 $595K$300K$295K$5.5M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2024 990 (6 parts)
Part I · Summary $728,062 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $143,087$291,019
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $249,200$421,502
I-11 Other revenuePrior year −$3,583$15,541
I-12 Total revenuePrior year $388,704$728,062
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $227,349$330,742
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $548,803$575,881
I-18 Total expensesPrior year $776,152$906,623
I-19 Revenue less expensesPrior year −$387,448−$178,561
Part VI · Governance 11 of 13 board members independent, 1 to look at
VI-1a Voting members of the governing body13
VI-1b Independent voting members11
VI-2 Family or business relationship among officers or directorsYes
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $728,062 across 9 lines filed
VIII-1c Fundraising events$19,778
VIII-1f All other contributions, gifts and grants$262,291
VIII-1g Noncash contributions (included above)$5,245
VIII-1h Total contributions, gifts and grants$291,019
VIII-3 Investment incomeExcluded from tax $111,217$111,217
VIII-7 Net gain or loss on sales of assetsExcluded from tax $310,285$310,285
VIII-8 Net income from fundraising eventsExcluded from tax $14,049$14,049
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Unrelated business $1,492$1,492
VIII-12 Total revenueRelated to mission $0 · Unrelated business $1,492 · Excluded from tax $435,551$728,062
Part IX · Statement of functional expenses $906,623 across 11 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $81,343 · Management $23,974 · Fundraising $108,352$213,669
IX-7 Other salaries and wagesPrograms $58,138 · Fundraising $41,550$99,688
IX-10 Payroll taxesPrograms $6,618 · Management $1,951 · Fundraising $8,816$17,385
IX-11c Accounting feesManagement $71,626$71,626
IX-12 Advertising and promotionPrograms $5,988$5,988
IX-13 Office expensesManagement $2,123$2,123
IX-14 Information technologyManagement $808 · Fundraising $1,996$2,804
IX-17 TravelPrograms $166,619 · Management $859 · Fundraising $960$168,438
IX-19 Conferences, conventions and meetingsPrograms $304,555 · Management $1,994 · Fundraising $245$306,794
IX-23 InsurancePrograms $252 · Management $74 · Fundraising $336$662
IX-24 Other expenses (24a–d)Programs $9,427 · Management $73 · Fundraising $7,946$17,446
IX-25 Total functional expensesPrograms $632,940 · Management $103,482 · Fundraising $170,201$906,623
Part X · Balance sheet $3,629,822 assets, 11 lines filed
X-2 Savings and temporary cash investmentsStart of year $170,679$414,433
X-9 Prepaid expenses and deferred chargesStart of year $68,084$157,650
X-11 Publicly traded securitiesStart of year $3,470,561$3,040,117
X-15 Other assetsStart of year $0$17,622
X-16 Total assetsStart of year $3,709,324$3,629,822
X-17 Accounts payable and accrued expensesStart of year $17,577$39,209
X-26 Total liabilitiesStart of year $17,577$39,209
X-27 Net assets without donor restrictionsStart of year $3,691,747$3,510,613
X-28 Net assets with donor restrictionsStart of year $0$80,000
X-32 Total net assets or fund balancesStart of year $3,691,747$3,590,613
X-33 Total liabilities and net assetsStart of year $3,709,324$3,629,822
Part XI · Reconciliation of net assets $3,590,613 net assets at year end
XI-1 Total revenue$728,062
XI-2 Total expenses$906,623
XI-3 Revenue less expenses−$178,561
XI-4 Net assets at start of year$3,691,747
XI-5 Net unrealized gains (losses) on investments$83,320
XI-6 Donated services and use of facilities$19,926
XI-7 Investment expenses−$25,819
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$3,590,613

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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