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Filing year 2024

The Forman Foundation

Birmingham, Alabama·EIN 58-2045009·NTEE T20 · Philanthropy, Voluntarism & Grantmaking Foundations·501(c)(3)

* Sector derived from filing type (Form 990-PF), not IRS-assigned

Total revenue
$49k
Total assets
$479k
Total expenses
$34k
Reported officers
3

Reported officers (all unpaid)

No paid executives reported in 2024. The Forman Foundation reported 3 unpaid officers and board members on its 990-PF.

Director
Director
Director

Grants paid

Itemized grants reported on this foundation's 2024 Form 990-PF, Part XV.

Total granted

$27k

Itemized grants

8

Median grant

$2k

RecipientLocationPurposeAmount
Birmingham Botanical GardensBirmingham, ALTo support organization$10k
Independent Presbyterian ChurchBirmingham, ALTo support organization$6k
St Michael & All Angels Episcopal ChurchDallas, TXTo support organization$5k
Rotary Club FoundationBirmingham, ALTo support organization$3k
YWCABirmingham, ALTo support organization$2k
Birmingham Museum of ArtBirmingham, ALTo support organization$1k
Friends of the Children - TexasAustin, TXTo support organization$1k
Mountain Brook City Schools FoundationBirmingham, ALTo support organization$660
Compare this foundation's grantees
Financial trend

Revenue and expenses over time

The Forman Foundation reported revenue and expenses across 2 filing years.

RevenueExpenses
$85k
$35k
2023
$49k
$34k
2024
Total revenue and total expenses from IRS Form 990 filings.

This is a private foundation. Peers are foundations of similar asset size (Under $1M), because foundation pay scales with assets under management, not revenue.

Sector benchmark

What Philanthropy, Voluntarism & Grantmaking executives earn in Alabama

The Forman Foundation reported no executive compensation in its latest filing. For context, the highest-paid executive at a comparable philanthropy, voluntarism & grantmaking organization in Alabama earns a median of $10,858.

25th percentile
$5k
Median
$10,858
75th percentile
$33k
90th percentile
$98k

These are philanthropy, voluntarism & grantmaking sector-wide figures, not this organization's reported pay. Based on 513 organizations across 513 filings (2022 – 2024).

See full Philanthropy, Voluntarism & Grantmaking pay data for Alabama
FAQ

Common questions about The Forman Foundation

What are The Forman Foundation's revenue and expenses?

In 2024, The Forman Foundation reported $49k in total revenue and $34k in total expenses on its IRS Form 990.

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This is a private foundation. Peers are foundations of similar asset size (Under $1M), because foundation pay scales with assets under management, not revenue.