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Roosevelt Forward INC FY2021 filing

Not tax-deductible

New York, NY501(c)(4)Community DevelopmentEIN 84-2486795Revenue $50K in FY2021

On file with the IRSrooseveltforward.org570 Lexington Ave FL 5th, 10022-6837 · New York, NYTax-exempt since Jul 2020

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Roosevelt Forward is where progressive economics meet progressive politics.

63¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Programs: Part IX

Before you give

FY2021 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(4)
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
No
Donations are not tax-deductible
Worth a look: the IRS does not list 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
2 of 5
filings with a surplus
Average deficit $19K a year · 3% of revenue · last 5 filings
Concern: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
63%
of spending
Worth a look: 63% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Cash reserves
11 mo
of spending, in cash
Looks good: 11.1 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
4
named funders · $445K
Looks good: 4 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$12K
3% of total assets
Looks good: liabilities are 3% 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
$50K
-94% vs prior year
Spent
$405K
To programs
63%
Net assets
$368K
By yearFY2020–FY2024
Revenue
$50K
FY2021▼ -94%
Tap a bar for its year
Revenue by fiscal year
FY2020$835K
FY2021$50K
FY2022$728K
FY2023$432K
FY2024$911K
Expenses
$405K
FY2021▼ -25%
Tap a bar for its year
Expenses by fiscal year
FY2020$540K
FY2021$405K
FY2022$556K
FY2023$574K
FY2024$976K
Net assets
$368K
FY2021▼ -49%
Tap a bar for its year
Net assets by fiscal year
FY2020$722K
FY2021$368K
FY2022$539K
FY2023$398K
FY2024$333K

From the FY2021 Form 990 · see the original

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You’re viewing the FY2021 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 2020.

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

Where the money goes

63 cents of each dollar spent went to programs.

Program services 63% · $255K Management & general 34% · $136K Fundraising 3% · $13K

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
$0Pt VII · Sec A
Roger Kim
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Roosevelt Forward 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 15aNo

Programs and updates

Promotes progressive economics and politics to advance societal progress.

Provided by the organization

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1 program · $255K · in their own filed words · FY2021
01

Research and analyze impact of policy proposals put forward by lawmakers and public policy leaders; using traditional and social media, educate the public about our analysis and views on policy proposals promoted by public policy leaders; and identify, vet, and recommend experts.

$255Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · funders on record
Grants received · FY2024
Open Society Policy Center INCFY2024$300K
Our American Future ActionFY2024$100K
Service Employees International UnionFY2024$25K
Sixteen Thirty FundFY2024$20K
Total grants receivedfrom 4 funders$445K
See all 4 funders →

By the numbers

The FY2021 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$50K
Ln 12
Gifts and grantsLn 1h$50K
Money outPt IX
$405K
Ln 25
Programscol B$255K
Managementcol C$136K
Fundraisingcol D$13K
Owns and owesPt X
$368K
net assets · Ln 32
Cash and savingsLn 1–2$374K
Total assetsLn 16$380K
LiabilitiesLn 26$12K
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$50K
Total revenueLn 12$50K
Assets in detailPt X, end of year
CashLn 1$374K
Cash and savings togetherLn 1–2$374K
Land, buildings, equipmentLn 10c$3K
Total assetsLn 16$380K
LiabilitiesLn 26$12K
Net assetsLn 32$368K
OperationsPt I, VI
EmployeesI 50
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 FY21End FY21
Cash and savingsLn 1–2$860K$374K
Land, buildings, equipmentLn 10c$6K$3K
Total assetsLn 16$869K$380K
LiabilitiesLn 26$147K$12K
Net assetsLn 32$722K$368K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$185K$113K$64K$7K
Pension plan contributionsLn 8$4K$2K$1K$139
Other employee benefitsLn 9$16K$10K$6K$609
Payroll taxesLn 10$21K$13K$7K$779
Accounting feesLn 11c$7K$7K
Other fees for servicesLn 11g$50K$45K$5K
Depreciation, depletion and amortizationLn 22$3K$3K
InsuranceLn 23$3K$3K
Other expenses (24a–d)Ln 24$117K$72K$40K$4K
Total functional expensesLn 25$405K$255K$136K$13K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $911K$976K−$65K$333K 990 PDF
FY2023 $432K$574K−$141K$398K 990 PDF
FY2022 $728K$556K$172K$539K 990 PDF
FY2021 Viewing $50K$405K−$354K$368K 990 PDF
FY2020 $835K$540K$296K$722K 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 FY2021 990 (6 parts)
Part I · Summary $50,303 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $835,279$50,303
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $835,279$50,303
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 $340,678$224,771
I-16a Professional fundraising feesPrior year $24,000$0
I-17 Other expensesPrior year $174,912$179,785
I-18 Total expensesPrior year $539,590$404,556
I-19 Revenue less expensesPrior year $295,689−$354,253
Part VI · Governance 5 of 5 board members independent, 1 to look at
VI-1a Voting members of the governing body5
VI-1b Independent voting members5
VI-15a Process for setting top official's payNo
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
Part VIII · Statement of revenue $50,303 across 3 lines filed
VIII-1f All other contributions, gifts and grants$50,303
VIII-1h Total contributions, gifts and grants$50,303
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$50,303
Part IX · Statement of functional expenses $404,556 across 9 lines filed
IX-7 Other salaries and wagesPrograms $113,457 · Management $64,052 · Fundraising $7,014$184,523
IX-8 Pension plan contributionsPrograms $2,274 · Management $1,284 · Fundraising $139$3,697
IX-9 Other employee benefitsPrograms $9,861 · Management $5,567 · Fundraising $609$16,037
IX-10 Payroll taxesPrograms $12,614 · Management $7,121 · Fundraising $779$20,514
IX-11c Accounting feesManagement $6,903$6,903
IX-11g Other fees for servicesPrograms $45,200 · Management $4,800$50,000
IX-22 Depreciation, depletion and amortizationManagement $3,167$3,167
IX-23 InsuranceManagement $3,066$3,066
IX-24 Other expenses (24a–d)Programs $71,723 · Management $40,491 · Fundraising $4,435$116,649
IX-25 Total functional expensesPrograms $255,129 · Management $136,451 · Fundraising $12,976$404,556
Part X · Balance sheet $379,723 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $860,438$374,054
X-9 Prepaid expenses and deferred chargesStart of year $1,733$2,502
X-10c Land, buildings and equipment, netStart of year $6,333$3,167
X-16 Total assetsStart of year $868,504$379,723
X-17 Accounts payable and accrued expensesStart of year $146,681$12,153
X-26 Total liabilitiesStart of year $146,681$12,153
X-27 Net assets without donor restrictionsStart of year $721,823$367,570
X-32 Total net assets or fund balancesStart of year $721,823$367,570
X-33 Total liabilities and net assetsStart of year $868,504$379,723
Part XI · Reconciliation of net assets $367,570 net assets at year end
XI-1 Total revenue$50,303
XI-2 Total expenses$404,556
XI-3 Revenue less expenses−$354,253
XI-4 Net assets at start of year$721,823
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$367,570

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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