Forever 49 Foundation FY2023 filing

Tax-deductible

Cincinnati, OH501(c)(3)EducationEIN 84-2307726

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An academic scholarship to provide a cincinnati studen/students, affected by cancer, an economic opportunity to alleviate stress and financial burden.

501(c)(3) charity; gifts are tax-deductible.
97¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2023 · 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
3 of 3
filings with a surplus
Average surplus $88K a year · 77% of revenue · last 3 filings
Looks good: a surplus in 3 of the last 3 filings.
Pt I · Ln 19 · 3 filings
Spent on programs
97%
of spending
Looks good: 97% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
12 mo
of spending, in cash
Looks good: 12.2 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $36
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
5
of 5 voting members
Looks good: 5 of 5 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$103K
+21% vs prior year
Spent
$30K
To programs
97%
Net assets
$340K
By yearFY2020–FY2024
Revenue
$103K
FY2023▲ +21%
Revenue by fiscal year
FY2020$51K
FY2021$100K
FY2022$86K
FY2023$103K
FY2024$154K
Expenses
$30K
FY2023▲ +35%
Expenses by fiscal year
FY2020Not on file
FY2021Not on file
FY2022$22K
FY2023$30K
FY2024$29K
Net assets
$340K
FY2023▲ +33%
Net assets by fiscal year
FY2020$103K
FY2021$189K
FY2022$255K
FY2023$340K
FY2024$475K

From the FY2023 Form 990 · see the original

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You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jul 2019.

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

Where the money goes

97 cents of each dollar spent went to programs.

Program services 97% · $29K Management & general 3% · $997

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

5 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Executive Director
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A

Colleen Farmer’s $3K as Vice President is at the 2nd percentile of top reported officer pay among 1613 $100K–1M education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

See Forever 49 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

Provides scholarships to Cincinnati students affected by cancer, easing financial stress.

Provided by the organization

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1 program · $29K · in their own filed words · FY2023
01

The foundation was formed in 2019 in order to continue to honor the memory of beth vissing nieman by offering tuition asistance to a student or students of lasalle AND/OR mercy mcauley high schools who are affected in some way by cancer, whether it be a loved one's illness or the student's illness.

$29Kprogram 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 · FY2023
Total grants receivedfrom 1 funder$36
Grants paid · 6 grants · $71K · 2022–2024
Unitemized GrantFY2024$21,850
Unitemized GrantFY2024$1,408
Unitemized GrantFY2023$27,300
Unitemized GrantFY2023$500
Unitemized GrantFY2022$18,200
Unitemized GrantFY2022$1,750

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$103K
Ln 12
Gifts and grantsLn 1h$110K
Investment incomeLn 3$11K
Money outPt IX
$30K
Ln 25
Programscol B$29K
Managementcol C$997
Owns and owesPt X
$340K
net assets · Ln 32
Cash and savingsLn 1–2$30K
Total assetsLn 16$340K
LiabilitiesLn 26$0
PeoplePt VI, VII
5
listed · VII A
PaidVII A0
Voting boardVI 1a5
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$110K
Fundraising eventsLn 1c$106K
Investment incomeLn 3$11K
Gains on assetsLn 7$3K
Total revenueLn 12$103K
Assets in detailPt X, end of year
CashLn 1$30K
Cash and savings togetherLn 1–2$30K
InvestmentsLn 11–13$310K
Total assetsLn 16$340K
LiabilitiesLn 26$0
Net assetsLn 32$340K
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$45K$30K
InvestmentsLn 11–13$210K$310K
Total assetsLn 16$255K$340K
LiabilitiesLn 26$0$0
Net assetsLn 32$255K$340K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$28K$28K
Investment management feesLn 11f$798$798
Office expensesLn 13$929$739$190
Other expenses (24a–d)Ln 24$9$9
Total functional expensesLn 25$30K$29K$997$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $154K$29K$126K$475K 990 PDF
FY2023 Viewing $103K$30K$74K$340K 990 PDF
FY2022 $86K$22K$64K$255K 990 PDF
FY2021 $100K$189K 990 PDF
FY2020 $51K$103K 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 FY2023 990 (4 parts)
Part VIII · Statement of revenue $103,157 across 7 lines filed
VIII-1c Fundraising events$106,246
VIII-1f All other contributions, gifts and grants$3,505
VIII-1h Total contributions, gifts and grants$109,751
VIII-3 Investment incomeExcluded from tax $8,654$8,654
VIII-7 Net gain or loss on sales of assetsExcluded from tax $2,705$2,705
VIII-8 Net income from fundraising eventsExcluded from tax −$17,953−$17,953
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax −$6,594$103,157
Part IX · Statement of functional expenses $29,536 across 4 lines filed
IX-2 Grants to domestic individualsPrograms $27,800$27,800
IX-11f Investment management feesManagement $798$798
IX-13 Office expensesPrograms $739 · Management $190$929
IX-24 Other expenses (24a–d)Management $9$9
IX-25 Total functional expensesPrograms $28,539 · Management $997 · Fundraising $0$29,536
Part X · Balance sheet $340,061 assets, 7 lines filed
X-1 Cash, non-interest-bearingStart of year $45,477$30,047
X-11 Publicly traded securitiesStart of year $209,659$310,014
X-16 Total assetsStart of year $255,136$340,061
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $255,136$340,061
X-32 Total net assets or fund balancesStart of year $255,136$340,061
X-33 Total liabilities and net assetsStart of year $255,136$340,061
Part XI · Reconciliation of net assets $340,061 net assets at year end
XI-1 Total revenue$103,157
XI-2 Total expenses$29,536
XI-3 Revenue less expenses$73,621
XI-4 Net assets at start of year$255,136
XI-5 Net unrealized gains (losses) on investments$11,304
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$340,061

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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