Long Beach Forward INC EIN 85-1047927 Form 990 (PDF) Claim this org

Long Beach Forward INC

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Empowering low-income communities of color to build knowledge, leadership, and power for a healthier Long Beach. For fiscal year 2024 it reported $1.5M in revenue, $1.3M in expenses, and $163K in net assets.Pt I

Type
Public charity (501(c)(3)) · Community Development
Location
Long Beach, CA
Website
lbforward.org
Filings
3 on file (2022–2024)
Revenue
$1.5MFY2024
Expenses
$1.3M
Net assets
$163K
People
9
Filings
3
Updates
0
More identity details & actions ⌄
EIN  85-1047927 Public charity (501(c)(3)) Long Beach, CA
Form 990 (PDF)
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Size
$1–10M
What they do
Empowering low-income communities of color to build knowledge, leadership, and power for a healthier Long Beach.
Leadership
Money in and out
$1.5M revenue, $1.3M expenses
Bottom line
73% program efficiency
Where the money goes · FY2024
Total revenue
$1.5M
Pt VIII · Ln 12
Total expenses
$1.3M
Pt IX · Ln 25
Net assets
$163K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $182K
Where spending went · Part IX cols B–D
Program services $0.73 Management & general $0.18 Fundraising $0.09
Program efficiency
73%
of spending reaches programs▲ +6% vs prior filing year
Operating runway
0.1mo
months of highly liquid reserves at operating expense rate▼ -86% vs prior filing year
Surplus margin
+12%
revenue over expenses, this year▲ +107% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$1.5M
FY2024▲ +112%
Expenses
$1.3M
FY2024▼ -33%
Total assets
$643K
FY2024▲ +117%
Total liabilities
$480K
FY2024▲ +50%
Total revenue
$1.5M
Pt VIII · Ln 12
Total expenses
$1.3M
Pt IX · Ln 25
Net assets
$163K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$182K
Total assetsPt X · Ln 16$643K
Program-expense ratioPt IX · col B73%
Voting members of governing bodyPt I · Ln 38
Independent voting membersPt I · Ln 48

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CLong Beach Forward INC
EINHdr · item D85-1047927
Principal addressHdr · item CLong Beach, CA
WebsiteHdr · item Jlbforward.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MCA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFCommunity Development (S20)
Ruling yearIRS BMFAug 2021

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a8
Independent voting membersPt VI · Ln 1b8
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

James Suazo’s $83K as Executive Director is at the 12th percentile of top reported officer pay among 2833 $1–10M community development 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.

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2023FY2022
James Suazo$82,602$51,162

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.

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Mission & Programs · Part III

Where the work happens

3 program services account for $682K of program spending, described in the organization's own filed words · FY2024.
01

Best Start Central Long Beach

Best start central long beach is a network that brings parents, caregivers, organizations, and policymakers together to change policies and systems that improve the lives of children 0-5 and their families. The network focuses on improving childcare access, housing and economic security, healthy parenting, and child abuse prevention.

$451Kprogram expense
02

The social housing for long beach project aims to expand the supply of quality, permanently affordable housing in low-income neighborhoods within the city of long beach to improve housing stability, economic security, and community wellbeing among children and families.

$167Kprogram expense
03

The best start community projects are community-led projects that are designed by and carried out by members of the best start central long beach network through participatory budgeting and the best start central long beach leadership team.

$64Kprogram expense

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Statement of Revenue

Part VIII
Contributions & grants$1.5M · 98%
Program service revenue$37K · 2%
Contributions & grants98%$1.5M
Program service revenue2%$37K
Investment income$112
Total revenueLn 12$1.5M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.73 Management & general $0.18 Fundraising $0.09
Program services73%$974K
Management & general18%$242K
Fundraising9%$124K
Total functional expensesLn 25$1.3M

Balance Sheet

Part X · end of year
CashLn 1$16K
Total assetsLn 16$643K
Total liabilitiesLn 26$480K
Total net assetsLn 32$163K
Months of cash on handcomputed0.1

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $16K · Operating expenses (Pt IX) $1.3M · Less non-cash grants $2K · Cash operating expenses/yr $1.3M
0.1 months
Where the money goes
Program services
Program services $974K · Total expenses $1.3M
73%
Management & General
Management & general $242K · Total expenses $1.3M
18%
Fundraising
Fundraising $124K · Total expenses $1.3M
9%
Cost to raise $1
Fundraising expense (3-yr avg) $141K · Solicited contributions (3-yr avg) $1.7M
$0.09 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $1.5M · Total revenue $1.5M
98%
Government reliance
Government grants — · Total revenue $1.5M
Earned-income share
Program service revenue $37K · Total revenue $1.5M
2%
Investment reliance
Investment income $112 · Total revenue $1.5M
<0.01%
Program self-sufficiency
Program service revenue $37K · Total expenses $1.3M
3%
Growth & trend
Revenue growth (YoY)
This year $1.5M · Prior year $718K
+112%
Net-asset trend (YoY)
End of year $163K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $1.5M · Expenses $1.3M
+12%
Liabilities-to-Assets
Total liabilities — · Total assets $643K
Net-asset ratio
Net assets $163K · Total assets $643K
25%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $643K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Cesar Armendariz · Reported title CHAIR · Highest reported compensation $0 · Total expenses $1.3M
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $903K · Total expenses $1.3M
67%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 73%
Overhead ratio 18%
Fundraising cost ratio 8%
Revenue growth 112%
Accounting fee ratio 0.7%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · received and paid
Grants received · FY2024
See all 11 funders →
Grants paid · 15 grants · $273K · 2022–2024
Families in Good HealthAZ · FY2024$4,000
Cambodia Town INCCA · FY2024$4,000
Community PartnersCA · FY2023$5,500
California Families in FocusCA · FY2022$32,225
Ahn FoundationCA · FY2022$31,655
Public Health Foundation INCCA · FY2022$17,500
City FabrickCA · FY2022$7,900
Community PartnersCA · FY2022$7,800

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$1.5M revenue · viewing · ⤓ 990 PDF
FY2023$718K revenue · ⤓ 990 PDF
FY2022$2.8M revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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