Heartland Forward
- Assets
- $3.1m
- Revenue
- $9.9m
- Investments
- $0.0
- Employees
- 0
- Location
- Bentonville, AR
- Founding
- 02/2020
- Data as of
- 12/2021
- EIN
- 84-2515642
Organization Overview
Heartland Forward is located in Bentonville, AR. The organization was established in 2020. According to its NTEE Classification (S05) the organization is classified as: Research Institutes & Public Policy Analysis, 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. Heartland Forward 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, Heartland Forward generated $9.9m in total revenue. All expenses for the organization totaled $7.1m during the year ending 12/2021.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO IMPROVE THE ECONOMIC PERFORMANCE IN THE CENTER OF THE U.S BY ADVOCATING FOR FACT-BASED SOLUTIONS TO FOSTER JOB CREATION, KNOWLEDGE-BASED AND INCLUSIVE GROWTH, AND IMPROVED HEALTH OUTCOMES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO IMPROVE THE ECONOMIC PERFORMANCE IN THE CENTER OF THE U.S BY ADVOCATING FOR FACT-BASED SOLUTIONS TO FOSTER JOB CREATION, KNOWLEDGE-BASED AND INCLUSIVE GROWTH, AND IMPROVED HEALTH OUTCOMES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Board Director | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Walton Enterprises Llc Management Fees | 12/30/21 | $2,438,506 |
Tusk Strategies Inc Consulting | 12/30/21 | $1,403,080 |
Markham Group Llc Consulting | 12/30/21 | $651,327 |
Lead For America Consulting | 12/30/21 | $480,000 |
Accenture Llp Consulting | 12/30/21 | $350,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $3,836,911 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $6,063,591 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $9,900,502 |
| 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 | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $9,900,502 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $76,755 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $2,409,340 |
| Fees for services: Legal | $38,950 |
| Fees for services: Accounting | $22,875 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $4,049,531 |
| Advertising and promotion | $0 |
| Office expenses | $21,943 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $40,037 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,814 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $7,095,575 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,100,602 |
| 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 | $3,100,602 |
| 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 | $0 |
| 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 | $3,100,602 |
| Total liabilities and net assets/fund balances | $3,100,602 |
Grants Recieved
Over the last fiscal year, we have identified 11 grants that Heartland Forward has recieved totaling $7,046,878.
| Awarding Organization | Amount |
|---|---|
Town Branch Foundation Bentonville, AR PURPOSE: 2021 OPERATING SUPPORT | $3,836,911 |
George Kaiser Family Foundation Tulsa, OK PURPOSE: Civic and Innovation Opportunities in Tulsa -2 years | $1,000,000 |
Walton Family Foundation Inc Bentonville, AR PURPOSE: TO SUPPORT THE CONNECTING THE HEARTLAND - COMMUNICATION AND ADVOCACY CAMPAIGN TO CLOSE THE DIGITAL DIVIDE. | $1,000,000 |
Walton Family Foundation Inc Bentonville, AR PURPOSE: TO SUPPORT THE CONNECTING THE HEARTLAND CAMPAIGN. | $333,334 |
Walton Family Foundation Inc Bentonville, AR PURPOSE: TO IMPROVE ECONOMIC AND SOCIAL MOBILITY IN AMERICA'S HEARTLAND. | $333,333 |
Alumbra Innovations Foundation Bentonville, AR PURPOSE: CONNECTING THE HEARTLAND | $250,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Heartland Forward Bentonville, AR | $3,100,602 | $9,900,502 |
Arkansas Research Alliance Conway, AR | $2,528,169 | $2,522,456 |
Real Estate Council Inc Dallas, TX | $1,409,391 | $1,647,020 |
The Foundation For Research On Equal Opportunity Austin, TX | $624,869 | $1,480,083 |
Operator Foundation Austin, TX | $143,524 | $731,650 |
Research & Development Associates Inc San Antonio, TX | $276,530 | $508,511 |
Hamilton Flourishing Chattanooga, TN | $19,909 | $325,012 |
Bi-State Development Research Institute St Louis, MO | $0 | $23,375 |
Action Plan Oklahoma Inc Oklahoma City, OK | $198,785 | $400,000 |
Institute For Economic Empowerment Of Women Oklahoma City, OK | $149,356 | $182,626 |
North Texas Commission Foundation DFW Airport, TX | $257,060 | $193,131 |
Cumberland Region Tomorrow Nashville, TN | $173,795 | $75,030 |