Forward Huron INC EIN 20-8612763

Forward Huron INC

EIN  20-8612763 Public charity (501(c)(3)) Huron, SD
Form 990 (PDF) Compare with another nonprofit →
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Size
<$100K
What they do
Develops the economy, healthcare, and community to improve quality of life for Huron and surrounding areas.
Leadership
Paul Aylward · Director
Money in and out
$26K revenue, $36K expenses
Bottom line
65% program efficiency

Develops the economy, healthcare, and community to improve quality of life for Huron and surrounding areas. For fiscal year 2025 it reported $26K in revenue, $36K in expenses, and $273K in net assets.Pt I

Where the money goes · FY2025
Total revenue
$26K
Pt VIII · Ln 12
Total expenses
$36K
Pt IX · Ln 25
Net assets
$273K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$10K
Where spending went · Part IX cols B–D
Program services $0.65 Management & general $0.35
Program efficiency
65%
of spending reaches programs▲ +629% vs prior filing year
Operating runway
28.4mo
months of highly liquid reserves at operating expense rate▲ +114% vs prior filing year
Surplus margin
-40%
revenue over expenses, this year▲ +98% vs prior filing year

Summary of the Filing

Part I · fiscal year 2025 · Form 990
Revenue
$26K
FY2025▲ ×26
Expenses
$36K
FY2025▲ +83%
Total assets
$538K
FY2025▼ -13%
Total liabilities
$265K
FY2025▼ -21%
Total revenue
$26K
Pt VIII · Ln 12
Total expenses
$36K
Pt IX · Ln 25
Net assets
$273K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$10K
Total assetsPt X · Ln 16$538K
Program-expense ratioPt IX · col B65%
Voting members of governing bodyPt I · Ln 310
Independent voting membersPt I · Ln 410
Mission & Programs · Part III

Where the work happens

1 program service account for $24K of program spending, described in the organization's own filed words · FY2025.
01

To provide assitance to individuals and business who will provide new jobs or expand their present workforce in the community and surrounding area.

$24Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CForward Huron INC
EINHdr · item D20-8612763
Principal addressHdr · item CHuron, SD
WebsiteHdr · item Jwww.huronsd.com/cdf
Year of formationHdr · item Lpending
State of legal domicileHdr · item MSD
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFCommunity Development (S32)
Ruling yearIRS BMFAug 2008

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a10
Independent voting membersPt VI · Ln 1b10
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Vice Chairma
$0Pt VII · Sec A
Chairman
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
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Statement of Revenue

Part VIII
Contributions & grants100%$26K
Investment income$19
Total revenueLn 12$26K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.65 Management & general $0.35
Program services65%$24K
Management & general35%$13K
Total functional expensesLn 25$36K

Balance Sheet

Part X · end of year
CashLn 1$86K
Total assetsLn 16$538K
Total liabilitiesLn 26$265K
Total net assetsLn 32$273K
Months of cash on handcomputed28.4

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $86K · Operating expenses/yr $36K
28.4 months
Where the money goes
Program services
Program services $24K · Total expenses $36K
65%
Management & General
Management & general $13K · Total expenses $36K
35%
Fundraising
Fundraising $0 · Total expenses $36K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $130K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $26K · Total revenue $26K
100%
Government reliance
Government grants — · Total revenue $26K
Earned-income share
Program service revenue $0 · Total revenue $26K
0%
Investment reliance
Investment income $19 · Total revenue $26K
0%
Program self-sufficiency
Program service revenue $0 · Total expenses $36K
0%
Growth & trend
Revenue growth (YoY)
This year $26K · Prior year $1K
Prior-year revenue below floor — showing dollar change
Revenue CAGR
FY2020 $511K · FY2025 $26K
-45%
Net-asset trend (YoY)
End of year $273K · Beginning of year $284K
-4%
Balance sheet
Surplus Margin
Revenue $26K · Expenses $36K
-40%
Liabilities-to-Assets
Total liabilities $265K · Total assets $538K
49%
Net-asset ratio
Net assets $273K · Total assets $538K
51%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $538K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Paul Aylward · Reported title DIRECTOR · Highest reported compensation $0 · Total expenses $36K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $36K
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 65%
Overhead ratio 35%
Fundraising cost ratio 0%
Revenue growth ×26

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · received and paid
Grants received · FY2024
Total grants receivedfrom 1 funder$45K
Grants paid · 4 grants · $2.3M · 2020–2025

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$26K revenue · viewing · ⤓ 990 PDF
FY2024$1K revenue · ⤓ 990 PDF
FY2023$397K revenue · ⤓ 990 PDF
FY2022$41K revenue · ⤓ 990 PDF
FY2021$78K revenue · ⤓ 990 PDF
FY2020$511K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2025IRS
Classification, formation year, addressIRS Business Master File
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