Forward Foundation
- Assets
- $642.8k
- Revenue
- $261.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Fargo, ND
- Founding
- 06/2013
- Data as of
- 12/2021
- EIN
- 46-0557952
Organization Overview
Forward Foundation is located in Fargo, ND. The organization was established in 2013. According to its NTEE Classification (P58) the organization is classified as: Gift Distribution, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Forward Foundation 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 12/2021, Forward Foundation generated $261.0k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.2% each year. All expenses for the organization totaled $253.8k during the year ending 12/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO ENHANCE THE LIVES OF CHILDREN.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO ENHANCE THE LIVES OF CHILDREN.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gary Goplen Treasurer | OfficerTrustee | 2 | $0 |
Heidi Gustafson Vice President | OfficerTrustee | 2 | $0 |
Sheri Stockmoe President | OfficerTrustee | 2 | $0 |
Mirissa Secretary | Officer | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $79,432 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $188,736 |
| Noncash contributions included in lines 1a–1f | $90,998 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $268,168 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$7,169 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $260,999 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $150,500 |
| Grants and other assistance to domestic individuals. | $90,000 |
| 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 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 | $6,202 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,190 |
| Advertising and promotion | $0 |
| Office expenses | $4,907 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| 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 | $253,799 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $642,801 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $642,801 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $507,006 |
| Net assets with donor restrictions | $135,795 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $642,801 |
Grants Awarded
Over the last fiscal year, Forward Foundation has awarded $122,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
POWER PLATES PURPOSE: MEALS FOR CHILDREN | $112,000 |
Jamestown, ND PURPOSE: ASSISTANCE WITH NEW FACILITY | $10,000 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Forward Foundation has recieved totaling $101,000.
| Awarding Organization | Amount |
|---|---|
Engelstad Fam Foundation Las Vegas, NV PURPOSE: PROGRAM SUPPORT | $100,000 |
Brandt Family Foundation Fargo, ND PURPOSE: TO HELP FUND GENERAL OPERATIONS | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Pcs For People St Paul, MN | $16,325,586 | $24,823,070 |
Child Care Connections Inc Bozeman, MT | $1,527,630 | $4,748,373 |
Pinky Swear Foundation Edina, MN | $9,189,085 | $5,689,220 |
Wishes & More Fridley, MN | $2,091,230 | $1,601,926 |
Great North Pole West Fargo, ND | $278,721 | $1,262,419 |
Reach Out & Care Wheels Inc Bozeman, MT | $305,829 | $334,022 |
Forward Foundation Fargo, ND | $642,801 | $260,999 |
Wright-Hennepin Electric Tr Rockford, MN | $83,943 | $243,860 |
Big Iron Classic Truck Shows Mantorville, MN | $69,653 | $0 |
40 Winks Foundation Little Canada, MN | $137,801 | $0 |
Rose Foundation Brooklyn Park, MN | $1,231 | $0 |
Christmas Anonymous Inc Rochester, MN | $91,095 | $0 |