Stuart and Margaret L Forbes Foundation Inc
Only null% goes to programs Strong reserves Growing revenue
Stuart and Margaret L Forbes Foundation Inc is a 501(c)(3) organization based in Columbus, North Carolina, registered in 1998, with $123,921 in FY2024 revenue. CharityIndex grades it C.
Po Box 1146, Columbus, NC, 28722 EIN 56-2079528 Since 1998
Revenue (FY2024)
$124K
▲ 130.7% vs prior year
Religion median: $139K
Expenses (FY2024)
$144K
Net assets
$2.0M
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
C
—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Stuart and Margaret L Forbes Foundation Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
C+Financial health25% of the rating165 mo reserves · -16% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Stuart and Margaret L Forbes Foundation Inc: 165 mo reserves · -16% margin earns a C+ on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Stuart and Margaret L Forbes Foundation Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
DTransparency10% of the rating1 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Stuart and Margaret L Forbes Foundation Inc: 1 of 5 disclosure signals earns a D on this criterion. See the exact thresholds →
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Contact & location
- Address
- Po Box 1146, Columbus, NC, 28722
- City
- Columbus
- State
- North Carolina
- Category
- Religion-Related
- Subcategory
- Christian Churches & Ministries
Financial trends
Revenue grew from $61K (FY2013) to $124K (FY2024) across 11 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $0Net assets $2.0M
Operating margin
-16.3%
Spent more than it raised in the latest fiscal year.
Total assets
$2.0M
Total liabilities
$0
Net assets
$2.0M
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $123,921▲131% | $144,086▲59.9% | $1,983,219▲46.8% | $1,983,219▲46.8% | 990PF |
| 2023 | $53,714▼41.0% | $90,119▲11.8% | $1,350,953▲2.7% | $1,350,953▲2.7% | 990PF |
| 2022 | $91,102▲61.7% | $80,596▲3.9% | $1,315,147▼1.0% | $1,315,147▼1.0% | 990PF |
| 2020 | $56,333▼52.3% | $77,593▲18.9% | $1,328,521▲15.1% | $1,328,521▲15.1% | 990PF |
| 2019 | $118,036▲84.8% | $65,266▼9.1% | $1,154,706▼0.7% | $1,154,706▼0.7% | 990PF |
| 2018 | $63,884▼6.6% | $71,810▲924% | $1,162,835▼3.7% | $1,162,835▼3.7% | 990PF |
| 2017 | $68,423▲33.3% | $7,014▼84.1% | $1,207,070▲7.0% | $1,207,070▲7.0% | 990PF |
| 2016 | $51,347▲26.3% | $44,208▼1.8% | $1,128,001▲15.7% | $1,128,001▲15.7% | 990PF |
| 2015 | $40,658▼52.0% | $45,008▲10.0% | $974,726▼5.0% | $974,726▼5.0% | 990PF |
| 2014 | $84,708▲38.5% | $40,904▼3.5% | $1,025,506▲5.6% | $1,025,506▲5.6% | 990PF |
| 2013 | $61,161 | $42,381▼34.7% | $970,911▲5.7% | $970,911▲5.7% | 990PF |
| 2012 | — | $64,943▲79.7% | $918,337▲0.8% | $918,337▲0.8% | 990PF |
| 2011 | — | $36,146 | $910,849 | $910,849 | 990PF |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
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Frequently asked questions
- Is Stuart and Margaret L Forbes Foundation Inc a legitimate nonprofit?
- Yes. Stuart and Margaret L Forbes Foundation Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 56-2079528, based in Columbus, North Carolina. Donations are tax-deductible.
- What is Stuart and Margaret L Forbes Foundation Inc's EIN?
- Stuart and Margaret L Forbes Foundation Inc's Employer Identification Number (EIN) is 56-2079528.
- How much revenue does Stuart and Margaret L Forbes Foundation Inc report?
- Stuart and Margaret L Forbes Foundation Inc reported $123,921 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Stuart and Margaret L Forbes Foundation Inc have?
- CharityIndex grades Stuart and Margaret L Forbes Foundation Inc C, based on financial health (reserves and operating margin).
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Data for Stuart and Margaret L Forbes Foundation Inc (EIN 56-2079528) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.