Forest Forward
- Assets
- $24.4m
- Revenue
- $7.9m
- Investments
- $0.0
- Employees
- 6
- Location
- Dallas, TX
- Founding
- Data as of
- 12/2023
- EIN
- 85-1581238
Organization Overview
Forest Forward is located in Dallas, TX. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2023, Forest Forward employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Forest 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 12/2023, Forest Forward generated $7.9m in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 42.7% each year . All expenses for the organization totaled $2.3m during the year ending 12/2023. While expenses have increased by 20.3% per year over the past 3 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
FOREST FORWARD WORKS WITH THE COMMUNITY TO COMBAT THE CAUSES AND EFFECTS OF SYSTEMIC INEQUITIES THROUGH NEIGHBORHOOD REVITALIZATION THAT CENTERS EFFORTS TO ACCELERATE THE ADVANCEMENT OF MARGINALIZED PEOPLE. THE CENTERPOINT OF THE PROJECT IS THE RESTORATION AND RENOVATION OF THE HISTORIC FOREST THEATER IN SOUTH DALLAS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FOREST THEATER PROJECT PRESERVING OUR CULTURAL IDENTITY AND PROVIDING OPPORTUNITYTHE FOREST THEATER, ONCE KNOWN FOR ITS MARQUEE AND BECKONING LIGHTS, WILL BE RESTORED YIELDING 45,000 SQUARE FEET DEDICATED TO FOUR CRITICAL SPACES:CONCERT HALLCREATIVE LABORATORY-13,000 SQUARE FEET OF SPACE TO HOUSE MOVEMENT AND RECORDING STUDIO, FLEX SPACE, RESOURCE CENTER, SENSORY IMMERSION ROOM, ARTIST CLASSROOMS, AND LABSROOF DECKSTUDIO THEATERCRADLE TO COLLEGE EDUCATION PATHWAY & COMMUNITY OUTREACH - A MULTI-YEAR PUBLIC-PRIVATE PARTNERSHIP WITH THE DALLAS INDEPENDENT SCHOOL DISTRICT HAS BEEN ESTABLISHED TO ADVANCE EDUCATIONAL OPPORTUNITIES BY PROVIDING STUDENT ACCESS TO THE RESTORED FOREST THEATER AND ITS COMPONENT FEATURES SUCH AS THE SENSORY IMMERSION ROOM, STUDIO THEATER WITH ABILITY TO CONVERT FOR ANIMATION AND CGI TECHNOLOGY, AND PODCAST, BROADCAST, AND RECORDING STUDIO.THROUGH THIS PARTNERSHIP, THE DR. MARTIN LUTHER KING CENTER HAS BEEN TRANSFORMED INTO THE DR. MARTIN LUTHER KING, JR. ARTS ACADEMY, EXTENDING ITS CURRICULAR OFFERINGS FROM PRE-K THROUGH THE EIGHTH GRADE.HOUSING - UNDERSTANDING THAT NEIGHBORHOODS ARE IMPACTED BY THEIR HOUSING STOCK, FOREST FORWARD WORKS TO ESTABLISH COLLABORATIVE RELATIONSHIPS TO SUPPORT THE DEVELOPMENT AND CONSTRUCTION OF MIXED-INCOME HOUSING. THE APPROACH TO HOUSING CREATION WILL FOCUS ON NO DISPLACEMENT OF RESIDENTS AND PRESERVING AFFORDABILITY.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Elizabeth Wattley President & CEO | Officer | 40 | $190,000 |
Alicia Peoples Chief Dev. Officer | 40 | $120,000 | |
Chris Dowdy VP Of Strategy | 40 | $120,000 | |
Larry James Director | Trustee | 0.25 | $0 |
Matrice Ellis-Kirk Chairman | OfficerTrustee | 4 | $0 |
Jon Halbert Director | Trustee | 0.25 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Baker Tilly Us Llp Client Accounting | 12/30/23 | $182,923 |
Kimley-horn & Associates Professional Services | 12/30/23 | $336,979 |
Hks Professional Services | 12/30/23 | $1,914,782 |
The Projects Group Project Management | 12/30/23 | $364,235 |
Rise 360 Consulting Consulting Services | 12/30/23 | $187,970 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $7,851,097 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,851,097 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $5,312 |
| 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 | $7,856,409 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $30,442 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $190,000 |
| Compensation of current officers, directors, key employees. | $47,500 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $485,269 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $52,216 |
| Payroll taxes | $53,820 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $82,238 |
| Fees for services: Accounting | $209,996 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $368,065 |
| Advertising and promotion | $117,659 |
| Office expenses | $110,325 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $277,262 |
| Travel | $23,309 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $15,830 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $110,215 |
| Insurance | $30,008 |
| All other expenses | $0 |
| Total functional expenses | $2,288,987 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,375,496 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $6,895,643 |
| 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 | $34,698 |
| Net Land, buildings, and equipment | $6,110,789 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,938,574 |
| Total assets | $24,355,200 |
| Accounts payable and accrued expenses | $441,028 |
| 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 | $2,852,332 |
| Unsecured mortgages and notes payable | $500,000 |
| Other liabilities | $1,568,070 |
| Total liabilities | $5,361,430 |
| Net assets without donor restrictions | $7,920,431 |
| Net assets with donor restrictions | $11,073,339 |
| 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 | $24,355,200 |