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Forward Arts Foundation INC

Tax-deductible

Atlanta, GA501(c)(3)Arts & CultureEIN 58-6048113Revenue $3.4M in FY2025

On file with the IRSforwardartsatlanta.org3130 Slaton Dr Nw, 30305-2009 · Atlanta, GATax-exempt since Nov 1965Publicly supported — 509(a)(2)

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Since its founding, the Forward Arts Foundation has provided significant support to the visual Arts in atlanta, ga, including: (I) leadership grants for art exhibitions, (II) donations for specific art acquisitions by other local publicly supported Arts organizations, and (III) annual scholarships for local artists.

501(c)(3) charity; gifts are tax-deductible.
91¢ of each $1 spent went to programs.
Run by 132 volunteers and 48 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

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FY2025 · 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
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 6
filings with a surplus
Average surplus $399K a year · 16% of revenue · last 6 filings
Fine: a surplus in 4 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
91%
of spending
Looks good: 91% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
8 mo
of spending, in cash
Looks good: 8.2 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $4K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$440K
5% of total assets
Looks good: liabilities are 5% of assets; 50% or less.
Pt X · Ln 26
Independent board members
19
of 19 voting members
Looks good: 19 of 19 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$3.4M
+8% vs prior year
Spent
$2.7M
To programs
91%
Net assets
$7.7M
By yearFY2020–FY2025
Revenue
$3.4M
FY2025▲ +8%
Tap a bar for its year
Revenue by fiscal year
FY2020$1.6M
FY2021$1.5M
FY2022$2.9M
FY2023$2.6M
FY2024$3.1M
FY2025$3.4M
Expenses
$2.7M
FY2025▲ +7%
Tap a bar for its year
Expenses by fiscal year
FY2020$2.0M
FY2021$1.5M
FY2022$1.8M
FY2023$2.1M
FY2024$2.5M
FY2025$2.7M
Net assets
$7.7M
FY2025▲ +9%
Tap a bar for its year
Net assets by fiscal year
FY2020$4.9M
FY2021$4.8M
FY2022$6.0M
FY2023$6.5M
FY2024$7.1M
FY2025$7.7M

From the FY2025 Form 990 (year ending June 2025) · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Nov 1965.

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

Where the money goes

91 cents of each dollar spent went to programs.

Program services 91% · $2.5M Management & general 8% · $211K Fundraising 1% · $31K

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

19 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
Cam Kellett
Board Member, at Large
$0Pt VII · Sec A
Clayton Howell
Board Member, Volunteer Act Chair
$0Pt VII · Sec A
$0Pt VII · Sec A
Elizabeth Long
Board Member, Restaurant Chair
$0Pt VII · Sec A
Karen H'Doubler
Chair Elect
$0Pt VII · Sec A
Landon Lanier
Secretary
$0Pt VII · Sec A
Laura Nunnally
Board Member, Membership Prgm Chair
$0Pt VII · Sec A
Leigh Pollard
Board Member, Gift Shop Chair
$0Pt VII · Sec A
See Forward Arts Foundation INC 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 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Supports visual arts through exhibition grants, art acquisitions, and artist scholarships.

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Provided by the organization

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3 programs · $2.5M · in their own filed words · FY2024
01

Besides receiving member dues the foundation operates an art gallery to show and sell artwork as part of the foundation's primary purpose to support and further the arts in atlanta.

$2.5Mprogram expense
02

Operation of the swan coach house restaurant run by the foundation. The restaurant is also open to the public and available for use for special events and banquets for individuals and groups.

Pt IX · col B
03

Operation of a gift shop run by the foundation for the retail sale of gifts.

Pt IX · col B

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 · FY2025
Roy and Janet Dorsey Foundation INCFY2025$4K
Total grants receivedfrom 1 funder$4K
Grants paid · 25 grants · $849K · 2019–2024
Michael C Carlos MuseumFY2024$150,000
Ernest G Welch School of Art and DesignFY2024$50,000
Atlanta Beltline Partnership INCGA · FY2024$30,000
Unitemized GrantFY2024$22,500
Atlanta Center for PhotographyFY2024$10,000
High Museum of ArtGA · FY2023$100,000
Oglethorpe University Museum of ArtFY2023$25,000
Unitemized GrantFY2023$22,500
The Museum of Contemporary Art of Georgia INCGA · FY2023$20,000
Atlanta Historical Society INCGA · FY2023$15,000
Dashboard Co-Op INCGA · FY2023$10,000
Agnes Scott CollegeGA · FY2023$10,000
Atlanta Contemporary Art Center INCGA · FY2022$25,000
Unitemized GrantFY2022$24,500
High Museum of ArtGA · FY2022$14,300
The University of Georgia FoundationGA · FY2021$25,000
Unitemized GrantFY2021$21,700
Georgia Committee of the National Museum of Women in the Arts INCGA · FY2021$15,000
See all 25 grants →

By the numbers

The FY2025 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$3.4M
Ln 12
Other incomeLn 4–11$1.8M
Gifts and grantsLn 1h$1.3M
Investment incomeLn 3$266K
Money outPt IX
$2.7M
Ln 25
Programscol B$2.5M
Managementcol C$211K
Fundraisingcol D$31K
Owns and owesPt X
$7.7M
net assets · Ln 32
Cash and savingsLn 1–2$1.9M
Total assetsLn 16$8.2M
LiabilitiesLn 26$440K
PeoplePt VI, VII
19
listed · VII A
PaidVII A0
Voting boardVI 1a19
IndependentVI 1b19
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.3M
Noncash giftsLn 1g$150K
Fundraising eventsLn 1c$617K
Investment incomeLn 3$266K
Other incomeLn 4–11$1.8M
Total revenueLn 12$3.4M
Assets in detailPt X, end of year
SavingsLn 2$1.9M
Cash and savings togetherLn 1–2$1.9M
InvestmentsLn 11–13$5.8M
Land, buildings, equipmentLn 10c$276K
Other assetsLn 15$24K
Total assetsLn 16$8.2M
LiabilitiesLn 26$440K
Net assetsLn 32$7.7M
OperationsPt I, VI
EmployeesI 548
VolunteersI 6132
Fiscal year endsHeaderJune
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 FY25End FY25
Cash and savingsLn 1–2$1.6M$1.9M
InvestmentsLn 11–13$5.1M$5.8M
Land, buildings, equipmentLn 10c$452K$276K
Total assetsLn 16$7.3M$8.2M
LiabilitiesLn 26$272K$440K
Net assetsLn 32$7.1M$7.7M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$222K$222K
Grants to domestic individualsLn 2$22K$22K
Other salaries and wagesLn 7$1.3M$1.2M$89K$28K
Other employee benefitsLn 9$7K$7K$511$160
Payroll taxesLn 10$104K$94K$7K$2K
Legal feesLn 11b$141$117$24
Accounting feesLn 11c$25K$21K$4K
Other fees for servicesLn 11g$52K$44K$9K
Advertising and promotionLn 12$83K$83K$210
Office expensesLn 13$142K$138K$4K
Information technologyLn 14$48K$46K$1K
OccupancyLn 16$68K$67K$419
TravelLn 17$53K$53K
Depreciation, depletion and amortizationLn 22$184K$151K$32K
InsuranceLn 23$53K$50K$3K
Other expenses (24a–d)Ln 24$362K$357K$6K
All other expensesLn 24e$6K$6K$100
Total functional expensesLn 25$2.7M$2.5M$211K$31K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $3.4M$2.7M$642K$7.7M 990 PDF
FY2024 $3.1M$2.5M$561K$7.1M 990 PDF
FY2023 $2.6M$2.1M$477K$6.5M 990 PDF
FY2022 $2.9M$1.8M$1.1M$6.0M 990 PDF
FY2021 $1.5M$1.5M−$53K$4.8M 990 PDF
FY2020 $1.6M$2.0M−$366K$4.9M 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 FY2025 990 (6 parts)
Part I · Summary $3,353,774 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,068,623$1,315,223
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $275,204$265,593
I-11 Other revenuePrior year $1,754,375$1,772,958
I-12 Total revenuePrior year $3,098,202$3,353,774
I-13 Grants and similar amounts paidPrior year $205,500$245,000
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $1,338,792$1,391,335
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $992,650$1,075,743
I-18 Total expensesPrior year $2,536,942$2,712,078
I-19 Revenue less expensesPrior year $561,260$641,696
Part VI · Governance 19 of 19 board members independent, no flags
VI-1a Voting members of the governing body19
VI-1b Independent voting members19
VI-2 Family or business relationship among officers or directorsNo
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 $3,353,774 across 10 lines filed
Lines not itemized here account for $1,737,661 of total revenue; see the IRS return.
VIII-1b Membership dues$161,000
VIII-1c Fundraising events$616,809
VIII-1f All other contributions, gifts and grants$537,414
VIII-1g Noncash contributions (included above)$150,001
VIII-1h Total contributions, gifts and grants$1,315,223
VIII-3 Investment incomeExcluded from tax $265,593$265,593
VIII-6 Net rental income or lossUnrelated business $297,078$297,078
VIII-8 Net income from fundraising eventsExcluded from tax −$268,428−$268,428
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Unrelated business $6,647$6,647
VIII-12 Total revenueRelated to mission $51,911 · Unrelated business $1,989,475 · Excluded from tax −$2,835$3,353,774
Part IX · Statement of functional expenses $2,712,078 across 17 lines filed
IX-1 Grants to domestic organizationsPrograms $222,500$222,500
IX-2 Grants to domestic individualsPrograms $22,500$22,500
IX-7 Other salaries and wagesPrograms $1,162,933 · Management $89,451 · Fundraising $28,101$1,280,485
IX-9 Other employee benefitsPrograms $6,641 · Management $511 · Fundraising $160$7,312
IX-10 Payroll taxesPrograms $94,033 · Management $7,233 · Fundraising $2,272$103,538
IX-11b Legal feesPrograms $117 · Management $24$141
IX-11c Accounting feesPrograms $20,805 · Management $4,179$24,984
IX-11g Other fees for servicesPrograms $43,690 · Management $8,776$52,466
IX-12 Advertising and promotionPrograms $83,045 · Management $210$83,255
IX-13 Office expensesPrograms $137,882 · Management $4,488$142,370
IX-14 Information technologyPrograms $46,035 · Management $1,498$47,533
IX-16 OccupancyPrograms $67,286 · Management $419$67,705
IX-17 TravelManagement $52,579$52,579
IX-22 Depreciation, depletion and amortizationPrograms $151,213 · Management $32,357$183,570
IX-23 InsurancePrograms $49,622 · Management $3,356$52,978
IX-24 Other expenses (24a–d)Programs $356,823 · Management $5,614$362,437
IX-24e All other expensesPrograms $5,625 · Management $100$5,725
IX-25 Total functional expensesPrograms $2,470,750 · Management $210,795 · Fundraising $30,533$2,712,078
Part X · Balance sheet $8,170,018 assets, 15 lines filed
X-2 Savings and temporary cash investmentsStart of year $1,593,011$1,860,738
X-4 Accounts receivableStart of year $17,680$13,955
X-8 Inventories for sale or useStart of year $137,712$137,883
X-9 Prepaid expenses and deferred chargesStart of year $68,684$82,608
X-10c Land, buildings and equipment, netStart of year $451,819$275,870
X-11 Publicly traded securitiesStart of year $5,056,466$5,774,892
X-15 Other assetsStart of year $24,207$24,072
X-16 Total assetsStart of year $7,349,580$8,170,018
X-17 Accounts payable and accrued expensesStart of year $183,180$212,904
X-19 Deferred revenueStart of year $89,036$227,109
X-26 Total liabilitiesStart of year $272,216$440,013
X-27 Net assets without donor restrictionsStart of year $6,984,615$7,659,406
X-28 Net assets with donor restrictionsStart of year $92,749$70,599
X-32 Total net assets or fund balancesStart of year $7,077,364$7,730,005
X-33 Total liabilities and net assetsStart of year $7,349,580$8,170,018
Part XI · Reconciliation of net assets $7,730,005 net assets at year end
XI-1 Total revenue$3,353,774
XI-2 Total expenses$2,712,078
XI-3 Revenue less expenses$641,696
XI-4 Net assets at start of year$7,077,364
XI-5 Net unrealized gains (losses) on investments$7,896
XI-9 Other changes in net assets$3,049
XI-10 Net assets at end of year$7,730,005

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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