Forward Foundation Inc
- Assets
- $1.9m
- Revenue
- $220.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Janesville, WI
- Founding
- 12/1987
- Data as of
- 02/2022
- EIN
- 39-1571083
Organization Overview
Forward Foundation Inc is located in Janesville, WI. The organization was established in 1987. According to its NTEE Classification (S31) the organization is classified as: Urban & Community Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Forward Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 02/2022, Forward Foundation Inc generated $220.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (3.4%) each year. All expenses for the organization totaled $433.5k during the year ending 02/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE PURPOSE IS TO ENCOURAGE ECONOMIC DEVELOPMENT BY MARKETING AND PROMOTING ACTIVITIES AIMED AT ATTRACTING NEW INDUSTRIES TO JANESVILLE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ECONOMIC DEVELOPMENT: THE PURPOSE IS TO ENCOURAGE ECONOMIC DEVELOPMENT BY MARKETING & PROMOTING ACTIVITIES AIMED AT ATTRACTING NEW INDUSTRIES TO JANESVILLE.
GOODWILL AMBASSADOR GRANTS: CONDUIT TO PROVIDE GRANTS TO LOCAL NON-PROFIT ENTITIES FROM DONATIONS PROVIED BY FORWARD JANESVILLE'S GOODWILL AMBASSADORS.
DOWNTOWN DEVELOPMENT: THE PURPOSE IS TO ENCOURAGE DEVELOPMENT OF THE DOWNTOWN OF JANESVILLE BY MARKETING & PROMOTING ACTIVITIES.
ROCK COUNTY 5.0 PROJECT: THIS IS A JOINT-COUNTY EFFORT TO IMPROVE THE ECONOMIC CONDITION OF THE AREA. THIS EFFORT WILL CONSIST OF 5 ECONOMIC DEVELOPMENT STRATEGIES - BUSINESS RETENTION & EXPANSION, BUSINESS & INVESTMENT ATTRACTION, REAL ESTATE POSITIONING, SMALL BUSINESS & ENTREPRENEURSHIP, & WORKFORCE PROFILING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Angela Pakes President | Officer | 1 | $0 |
Craig Degarmo Director | Trustee | 1 | $0 |
Larry Squire Director | Trustee | 1 | $0 |
Barry Brandt Director (until 10/31/22) | Trustee | 1 | $0 |
Sean Kennedy Director | Trustee | 1 | $0 |
David Hiller Secretary/treasurer | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $299,515 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$4,636 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$79,703 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $220,944 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $10,573 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $76,490 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $21,316 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $433,461 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $16,388 |
| Savings and temporary cash investments | $493,460 |
| Pledges and grants receivable | $203,400 |
| Accounts receivable, net | $26,350 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,926,376 |
| Accounts payable and accrued expenses | $7,123 |
| Grants payable | $0 |
| Deferred revenue | $899 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $197,321 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $205,343 |
| Net assets without donor restrictions | $567,295 |
| Net assets with donor restrictions | $1,153,738 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $1,721,033 |