Forward Horizons Inc
- Assets
- $183.9k
- Revenue
- $408.9k
- Investments
- $0.0
- Employees
- 24
- Location
- Ashland, WI
- Founding
- 09/2019
- Data as of
- 12/2023
- EIN
- 83-4465214
Organization Overview
Forward Horizons Inc is located in Ashland, WI. The organization was established in 2019. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. As of 12/2023, Forward Horizons Inc employed 24 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Forward Horizons 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 12/2023, Forward Horizons Inc generated $408.9k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 30.6% each year . All expenses for the organization totaled $316.7k during the year ending 12/2023. While expenses have increased by 26.0% per year over the past 4 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO SUPPORT THOSE WITH DISABILITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUPPORTED HOME SERVICES, DAY SERVICES, TRANSPORTATION, EXERCISE AND FITNESS FOR PEOPLE WITH DISABILITIES IN THE ASHLAND AND BAYFIELD COUNTY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lori Hanson Board Member | Trustee | 1 | $0 |
Tom Mitchell Board Member | Trustee | 1 | $0 |
Gloria Suminski Board Member | Trustee | 1 | $0 |
Julia Veenendaal Board Member | Trustee | 1 | $0 |
Pete Herlevi Treasurer | Officer | 1 | $0 |
Stewart Holman President | Officer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $39,887 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,311 |
| Noncash contributions included in lines 1a–1f | $37,000 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $42,198 |
| Total Program Service Revenue | $363,684 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $2,165 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $408,863 |
| 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 | $230,579 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $21,746 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,825 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $111 |
| Office expenses | $3,952 |
| Information technology | $82 |
| Royalties | $0 |
| Occupancy | $10,985 |
| Travel | $7,281 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $702 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $10,646 |
| Insurance | $12,870 |
| All other expenses | $608 |
| Total functional expenses | $316,655 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $89,955 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $15,736 |
| 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 | $74,915 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,250 |
| Total assets | $183,856 |
| 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 | $31,501 |
| Total liabilities | $31,501 |
| Net assets without donor restrictions | $152,355 |
| 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 | $183,856 |