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Compensation 990 is an independent service that uses public IRS Form 990 filings as its source data. We clean and standardize this information, but the original filings may contain errors or omissions. Years on this site refer to the organization’s fiscal year end date on the filing.

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Organizations The Forbes Funds

The Forbes Funds

Fiscal year ending 2024. Filed on November 13, 2025.

Two Allegheny Ctr Nova Tower 2 404
Pittsburgh, Pennsylvania 15212

The Forbes Funds (EIN: 25-1418095) has filed an IRS Form 990 since at least fiscal year 2016. In its fiscal year 2024 IRS Form 990 filing, The Forbes Funds, a 501(c)(3) charitable organization, reported compensation for 5 out of 9 total employees. Among the employees shown here, the average compensation is $339,542. The highest compensated employee at The Forbes Funds is Elisabeth Schroeder with fiscal year 2024 compensation of $720,300.

Revenue, expenses, and employee compensation

Revenue

$1,683,390

Expenses

$2,320,380

Employee compensation

$1,051,642
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Elisabeth Schroeder
Member at-large
$720,300
$0 $647,859 $72,441
Jonathan Brelsford
Member at-large
$379,505
$0 $307,282 $72,223
Fred Brown
President and Chief Executive Officer
$293,789
$230,023 No related comp$63,766
Olivia Benson Gallina
Chief Operating Officer
$156,787
$104,152 No related comp$52,635
Hannah Karolak
Chief Program Officer
$147,328
$102,896 No related comp$44,432

Benchmark Employee Compensation

Non-Employee Board Members

Jason Jones
Treasurer
$4,575
$4,575 No related compNo other comp
Stanley Litow
Member at Large (Enter 6/24)
No compensation reported
Sylvia Fields
Member at Large (Exit 3/24)
No compensation reported
Bill Isler
Chair
No compensation reported
Kathy Humphrey
Member at-large
No compensation reported
Jeremiah Brooker
Member at Large (Enter 6/24)
No compensation reported
James E Taylor
Vice Chair
No compensation reported

Contractors

Skillbuilders Io Inc.
AI Cohort Training
$134,600

Mission Statement

TO FOCUS ON STRENGTHENING THE MANAGEMENT CAPACITY AND IMPACT OF COMMUNITY NONPROFITS INDIVIDUALLY AND COLLECTIVELY.

Revisions to this organization profile

November 13, 2025:
2024 The Forbes Funds 990 filed
November 14, 2024:
2023 The Forbes Funds 990 filed
November 15, 2023:
2022 The Forbes Funds 990 filed

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