Race Forward Action INC EIN 92-0898880 Form 990 (PDF) Claim this org

Race Forward Action INC

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Cultivates advocacy and electoral power for people of color to advance racial justice. For fiscal year 2024 it reported $408K in revenue, $619K in expenses, and $223K in net assets.Pt I

Type
Membership association · Civil Rights & Advocacy
Location
New York, NY
Website
raceforwardaction.org
Filings
2 on file (2023–2024)
Revenue
$408KFY2024
Expenses
$619K
Net assets
$223K
People
6
Filings
2
Updates
0
More identity details & actions ⌄
EIN  92-0898880 Membership association New York, NY
Form 990 (PDF)
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Size
$100K–1M
What they do
Cultivates advocacy and electoral power for people of color to advance racial justice.
Leadership
Glenn Harris · Secretary
Money in and out
$408K revenue, $619K expenses
Bottom line
-52% operating surplus
Membership & operating revenue · FY2024
Total revenue
$408K
Pt VIII · Ln 12
Total expenses
$619K
Pt IX · Ln 25
Net assets
$223K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$211K
Where spending went · Part IX cols B–D
Program services $0.77 Management & general $0.18 Fundraising $0.05
Operating surplus
-52%
revenue over expenses▼ -160% vs prior filing year
Earned revenue
75%
of revenue from program services & dues▲ ×382 vs prior filing year
Program spending
77%
of expenses reach member services▲ +29% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$408K
FY2024▼ -19%
Expenses
$619K
FY2024▲ +750%
Total assets
$320K
FY2024▼ -37%
Total liabilities
$97K
FY2024▲ +34%
Total revenue
$408K
Pt VIII · Ln 12
Total expenses
$619K
Pt IX · Ln 25
Net assets
$223K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$211K
Total assetsPt X · Ln 16$320K
Program-expense ratioPt IX · col B77%
Voting members of governing bodyPt I · Ln 35
Independent voting membersPt I · Ln 44
Mission & Programs · Part III

Where the work happens

1 program service account for $475K of program spending, described in the organization's own filed words · FY2024.
01

Race forward action (rfa) envisions a nation that continually strives to create, realize, and refine a just multiracial democracy in which people of color thrive with power and purpose. Race forward action will defend and advance a just, multiracial democracy by cultivating the advocacy and electoral power of people of color to catalyze…

$475Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CRace Forward Action INC
EINHdr · item D92-0898880
Principal addressHdr · item CNew York, NY
WebsiteHdr · item Jraceforwardaction.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MNY
Exempt statusHdr · item I501(c)(4) · active
NTEE classificationIRS BMFCivil Rights & Advocacy (R01)
Ruling yearIRS BMFJul 2024

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a5
Independent voting membersPt VI · Ln 1b4
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 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Secretary
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
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Statement of Revenue

Part VIII
Program service revenue$308K · 75%
Contributions & grants$100K · 25%
Program service revenue75%$308K
Contributions & grants25%$100K
Total revenueLn 12$408K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.77 Management & general $0.18 Fundraising $0.05
Program services77%$475K
Management & general18%$112K
Fundraising5%$33K
Total functional expensesLn 25$619K

Balance Sheet

Part X · end of year
CashLn 1$319K
Total assetsLn 16$320K
Total liabilitiesLn 26$97K
Total net assetsLn 32$223K
Months of cash on handcomputed6.2

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $319K · Operating expenses/yr $619K
6.2 months
Where the money goes
Program services
Program services $475K · Total expenses $619K
77%
Management & General
Management & general $112K · Total expenses $619K
18%
Fundraising
Fundraising $33K · Total expenses $619K
5%
Cost to raise $1
Fundraising expense (2-yr avg) $19K · Solicited contributions (2-yr avg) $303K
$0.06 to raise $1 (2-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $100K · Total revenue $408K
25%
Government reliance
Government grants — · Total revenue $408K
Earned-income share
Program service revenue $308K · Total revenue $408K
75%
Investment reliance
Investment income $0 · Total revenue $408K
0%
Program self-sufficiency
Program service revenue $308K · Total expenses $619K
50%
Growth & trend
Revenue growth (YoY)
This year $408K · Prior year $506K
-19%
Net-asset trend (YoY)
End of year $223K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $408K · Expenses $619K
-52%
Liabilities-to-Assets
Total liabilities — · Total assets $320K
Net-asset ratio
Net assets $223K · Total assets $320K
70%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $320K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Glenn Harris · Reported title SECRETARY · Highest reported compensation $0 · Total expenses $619K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $619K
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 77%
Overhead ratio 18%
Fundraising cost ratio 33%
Revenue growth -19%
Legal fee ratio 4%

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
Tides AdvocacyFY2024$100K
Total grants receivedfrom 1 funder$100K
Grants paid · 2 grants · $60K · 2024–2024
Down Home North Carolina INCNC · FY2024$30,000
Education Justice ActionNC · FY2024$30,000

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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)$408K revenue · viewing · ⤓ 990 PDF
FY2023$506K 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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