Forum Enterprises Inc
Forum Enterprises Inc. ceased reporting financial activity after 2015, previously operating with minimal revenue and no officer compensation.
EIN: 202513420 · Silver Spring, MD · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Expenses | $207K |
| Program Spending | 85% |
| CEO/Top Officer Pay | $204,716. |
| Net Assets | $4K |
| Transparency Score | 70/100 |
Is Forum Enterprises Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Forum Enterprises Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Forum Enterprises Inc
Forum Enterprises Inc (EIN: 202513420) is a nonprofit organization based in Silver Spring, MD. The organization reported total revenue of $0 and total assets of $0 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Forum Enterprises Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Forum Enterprises Inc is a small nonprofit, with 5 years of IRS 990 filings on record (2011–2015). Revenue has grown at a compound annual rate of 23.7%.
Key Financial Metrics (2015)
From the most recent IRS 990 filing on record:
| Total Revenue | $205K |
| Total Expenses | $207K |
| Surplus / Deficit | $-2,061 |
| Total Assets | $4K |
| Net Assets | $4K |
| Operating Margin | -1.0% |
| Months of Reserves | 0.2 months |
Financial Health Grade: C
In 2015, Forum Enterprises Inc reported a deficit of $2K with expenses exceeding revenue, holds 0.2 months of operating reserves (limited).
Financial Trends
Over 5 years of filings (2011–2015), Forum Enterprises Inc's revenue has grown at a compound annual growth rate (CAGR) of 23.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2015 | +33.8% | +33.6% | -33.9% |
| 2014 | +53.8% | +59.6% | -21.6% |
| 2013 | +8.9% | +0.3% | +44.5% |
| 2012 | +4.3% | +14.7% | -7.2% |
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Forum Enterprises Inc with a Mission Score of 70 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Forum Enterprises Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2015)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $2K, with expenses exceeding revenue.
Executive Compensation Analysis
Forum Enterprises Inc. consistently reported 0% officer compensation across all available filings, indicating that no salaries were paid to executives, which is highly unusual for an organization with reported revenues up to $204,716.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Forum Enterprises Inc's IRS 990 filings:
- Abrupt cessation of reported financial activity after 2015, with latest revenue and assets at $0.
- Lack of detailed expense breakdown to assess program efficiency accurately.
Strengths
The following positive indicators were identified for Forum Enterprises Inc:
- Consistent reporting of 0% officer compensation, indicating a lean and potentially volunteer-driven leadership.
- Historically low liabilities ($0 across all filings), suggesting sound financial management.
- Expenses closely tracked revenue historically, indicating funds were utilized rather than accumulated excessively.
Frequently Asked Questions about Forum Enterprises Inc
Is Forum Enterprises Inc a legitimate charity?
Forum Enterprises Inc (EIN: 202513420) is a registered tax-exempt nonprofit based in Maryland. Our AI analysis gives it a Mission Score of 70/100. It has 5 years of IRS 990 filings on record. 2 red flags identified. 3 strengths noted. Financial health grade: C.
How does Forum Enterprises Inc spend its money?
Forum Enterprises Inc directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Forum Enterprises Inc tax-deductible?
Forum Enterprises Inc is registered as a tax-exempt nonprofit (EIN: 202513420). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Forum Enterprises Inc CEO make?
Forum Enterprises Inc's highest-compensated officer earns $204,716. annually. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Forum Enterprises Inc's spending goes to programs?
Forum Enterprises Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Forum Enterprises Inc located?
Forum Enterprises Inc is headquartered in Silver Spring, Maryland and files with the IRS under EIN 202513420.
How many years of IRS 990 filings does Forum Enterprises Inc have?
Forum Enterprises Inc has 5 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends.
Is Forum Enterprises Inc. still an active organization?
The latest reported revenue and assets of $0, following several years of financial activity, strongly suggest the organization may no longer be active or has significantly scaled down operations. Further investigation would be needed to confirm its current status.
How did Forum Enterprises Inc. manage to operate with 0% officer compensation?
Operating with 0% officer compensation implies that leadership roles were likely filled by volunteers, or compensation was reported under other expense categories not specified in the provided data. This is a significant indicator of a lean operational model.
What were the primary programs or activities of Forum Enterprises Inc.?
The provided data does not include details on the organization's NTEE code or specific program expenses, making it impossible to determine its primary programs or activities.
Filing History
IRS 990 filing history for Forum Enterprises Inc showing financial trends over 5 years of public records:
Over 5 years of IRS 990 filings (2011–2015), Forum Enterprises Inc's revenue has grown by 133.8%, moving from $88K to $205K. Total assets decreased by 30.5% over the same period, from $6K to $4K. Total functional expenses rose by 145.3%, from $84K to $207K. In its most recent filing year (2015), Forum Enterprises Inc reported a deficit of $2K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2015 | $205K | $207K | $4K | $0 | — | View 990 |
| 2014 | $153K | $155K | $6K | $0 | — | View 990 |
| 2013 | $99K | $97K | $8K | $0 | — | View 990 |
| 2012 | $91K | $97K | $6K | $0 | — | View 990 |
| 2011 | $88K | $84K | $6K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2015: Revenue of $205K, expenses of $207K, and assets of $4K (revenue +33.8% year-over-year).
- 2014: Revenue of $153K, expenses of $155K, and assets of $6K (revenue +53.8% year-over-year).
- 2013: Revenue of $99K, expenses of $97K, and assets of $8K (revenue +8.9% year-over-year).
- 2012: Revenue of $91K, expenses of $97K, and assets of $6K (revenue +4.3% year-over-year).
- 2011: Revenue of $88K, expenses of $84K, and assets of $6K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Forum Enterprises Inc:
Data Sources and Methodology
This transparency report for Forum Enterprises Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.