Shawnee Forward Inc
- Assets
- $1.4m
- Revenue
- $950.3k
- Investments
- $0.0
- Employees
- 7
- Location
- Shawnee, OK
- Founding
- 01/2020
- Data as of
- 06/2024
- EIN
- 82-3127939
Organization Overview
Shawnee Forward Inc is located in Shawnee, OK. The organization was established in 2020. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 06/2024, Shawnee Forward Inc employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Shawnee Forward Inc is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 06/2024, Shawnee Forward Inc generated $950.3k in total revenue. All expenses for the organization totaled $420.8k during the year ending 06/2024. While expenses have increased by 96.2% per year over the past 6 years. They've been increasing with an increasing level of total revenue. 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
SHAWNEE FORWARD, INC. IS A NON-STOCK, NON-PROFIT BUSINESS ASSOCIATION THAT PROMOTES A REGIONAL VISION. THIS NEW CORPORATION HAS A COMMON VISION TO SERVE THE INTERESTS OF THE GREATER SHAWNEE AREA. TO THE EXTENT CONSISTENT WITH THE ABOVE GENERAL PURPOSES, THE SPECIFIC PURPOSES FOR THIS CORPORATION ALSO INCLUDE: (A) TO GENERATE JOBS AND INVESTMENT; (B) TO DEVELOP AND MAINTAIN A GREATER SHAWNEE, OKLAHOMA AREA PROGRAM TO ASSIST EXISTING BUSINESSES AND ENTREPRENEURS; (C) TO ATTRACT NEW BUSINESSES IN ORDER TO IMPROVE THE ECONOMIC WELL-BEING OF AREA RESIDENTS; (D) TO CULTIVATE TALENT AND LEADERSHIP; (E) TO PROMOTE AND DEVELOP THE RESOURCES OF THE GREATER SHAWNEE, OKLAHOMA AREA AND OF ITS COMPONENT MUNICIPALITIES; AND (F) TO ENHANCE THE QUALITY OF LIFE CONCERNS THAT HAS AN IMPACT ON ECONOMIC GROWTH AND DEVELOPMENT IN THE AREA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
(A) TO GENERATE JOBS AND INVESTMENT; (B) TO DEVELOP AND MAINTAIN A GREATER SHAWNEE, OKLAHOMA AREA PROGRAM TO ASSIST EXISTING BUSINESSES AND ENTREPRENEURS; (C) TO ATTRACT NEW BUSINESSES IN ORDER TO IMPROVE THE ECONOMIC WELL-BEING OF AREA RESIDENTS; (D) TO CULTIVATE TALENT AND LEADERSHIP; (E) TO PROMOTE AND DEVELOP THE RESOURCES OF THE GREATER SHAWNEE, OKLAHOMA AREA AND OF ITS COMPONENT MUNICIPALITIES; AND (F) TO ENHANCE THE QUALITY OF LIFE CONCERNS THAT HAS AN IMPACT ON ECONOMIC GROWTH AND DEVELOPMENT IN THE AREA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cami Engles Member | Trustee | 0 | $0 |
Casey Bell President | OfficerTrustee | 0 | $0 |
Steve Wallace Treasurer | OfficerTrustee | 0 | $0 |
Jim Collard Member | Trustee | 0 | $0 |
Gary Highley Member | Trustee | 0 | $0 |
Jeff Madison Member | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $17,766 |
| All other contributions, gifts, grants, and similar amounts not included above | $294,997 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $312,763 |
| Total Program Service Revenue | $167,104 |
| Investment income | $87,248 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $13,849 |
| Net Gain/Loss on Asset Sales | $368,960 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $950,274 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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 of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $248,538 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $18,376 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $4,181 |
| Fees for services: Accounting | $32,953 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $4,613 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $39,217 |
| Travel | $3,367 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $74 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,441 |
| Insurance | $9,983 |
| All other expenses | $2,810 |
| Total functional expenses | $420,778 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,218,071 |
| Savings and temporary cash investments | $141,778 |
| 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 | $11,171 |
| Net Land, buildings, and equipment | $4,438 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,082 |
| Total assets | $1,376,540 |
| Accounts payable and accrued expenses | $5,131 |
| Grants payable | $0 |
| Deferred revenue | $6,000 |
| 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 | $10,768 |
| Total liabilities | $21,899 |
| Net assets without donor restrictions | $1,354,641 |
| Net assets with donor restrictions | $0 |
| 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 | $1,376,540 |