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.
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
17 people listed on the 990.
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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.
Questions for Forward Arts Foundation INC
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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.
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.
Operation of a gift shop run by the foundation for the retail sale of gifts.
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2024 990, line by line.
Download 990
| Line | Start FY24 | End FY24 |
|---|---|---|
| Cash and savingsLn 1–2 | $864K | $1.6M |
| InvestmentsLn 11–13 | $5.0M | $5.1M |
| Land, buildings, equipmentLn 10c | $609K | $452K |
| Total assetsLn 16 | $6.8M | $7.3M |
| LiabilitiesLn 26 | $299K | $272K |
| Net assetsLn 32 | $6.5M | $7.1M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Grants to domestic organizationsLn 1 | $183K | $183K | ||
| Grants to domestic individualsLn 2 | $22K | $22K | ||
| Other salaries and wagesLn 7 | $1.2M | $1.1M | $85K | $27K |
| Other employee benefitsLn 9 | $8K | $7K | $551 | $175 |
| Payroll taxesLn 10 | $97K | $88K | $7K | $2K |
| Legal feesLn 11b | $133 | $108 | $25 | |
| Accounting feesLn 11c | $23K | $19K | $4K | |
| Other fees for servicesLn 11g | $40K | $33K | $8K | |
| Advertising and promotionLn 12 | $41K | $41K | $140 | |
| Office expensesLn 13 | $136K | $132K | $4K | |
| Information technologyLn 14 | $55K | $54K | $2K | |
| OccupancyLn 16 | $64K | $64K | $395 | |
| TravelLn 17 | $45K | $45K | ||
| Depreciation, depletion and amortizationLn 22 | $187K | $154K | $33K | |
| InsuranceLn 23 | $49K | $46K | $3K | |
| Other expenses (24a–d)Ln 24 | $351K | $346K | $5K | |
| All other expensesLn 24e | $1K | $1K | $35 | |
| Total functional expensesLn 25 | $2.5M | $2.3M | $197K | $29K |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2025 Latest | $3.4M | $2.7M | $642K | $7.7M | 990 PDF |
| FY2024 Viewing | $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
See the full FY2024 990 (6 parts)
Part I · Summary $3,098,202 revenue, 12 lines filed
Part VI · Governance 17 of 17 board members independent, no flags
Part VIII · Statement of revenue $3,098,202 across 10 lines filed
Part IX · Statement of functional expenses $2,536,942 across 17 lines filed
Part X · Balance sheet $7,349,580 assets, 16 lines filed
Part XI · Reconciliation of net assets $7,077,364 net assets at year end
Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File
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