Forward High Point Foundation EIN 26-4193380

Forward High Point Foundation FY2021 filing

EIN  26-4193380 Public charity (501(c)(3)) High Point, NC
Form 990 (PDF)
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Size
$100K–1M
What they do
Develops urban living spaces and styles for High Point residents.
Leadership
Doyle Early · Board Member
Money in and out
$303K revenue, $288K expenses
Bottom line
100% program efficiency

Develops urban living spaces and styles for High Point residents. For fiscal year 2021 it reported $303K in revenue, $288K in expenses, and $167K in net assets.Pt I

Where the money goes · FY2021
Total revenue
$303K
Pt VIII · Ln 12
Total expenses
$288K
Pt IX · Ln 25
Net assets
$167K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $15K
Where spending went · Part IX cols B–D
Program services $1.00
Program efficiency
100%
of spending reaches programs
Operating runway
3.8mo
months of highly liquid reserves at operating expense rate
Surplus margin
+5%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2021 · Form 990
Revenue
$303K
FY2021
Expenses
$288K
FY2021
Total assets
$1.9M
FY2021
Total liabilities
$1.7M
FY2021
Total revenue
$303K
Pt VIII · Ln 12
Total expenses
$288K
Pt IX · Ln 25
Net assets
$167K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$15K
Total assetsPt X · Ln 16$1.9M
Program-expense ratioPt IX · col B100%
Voting members of governing bodyPt I · Ln 324
Independent voting membersPt I · Ln 424
Mission & Programs · Part III

Where the work happens

1 program service account for $288K of program spending, described in the organization's own filed words · FY2020.
01

Successfully planned and created a series of concerts held in the downtown high point area. These free concerts were well attended and festive, effectively promoting the possibilities for the core city of high point. Also have acquired several properties in the core city to be developed by outside parties.

$288Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CForward High Point Foundation
EINHdr · item D26-4193380
Principal addressHdr · item CHigh Point, NC
WebsiteHdr · item Jnone reported
Year of formationHdr · item Lpending
State of legal domicileHdr · item MNC
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFCommunity Development (S31)
Ruling yearIRS BMFAug 2009

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a24
Independent voting membersPt VI · Ln 1b24
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
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 · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
See Forward High Point Foundation executive salaries →

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Statement of Revenue

Part VIII
Program service revenue$200K · 66%
Other revenue$77K · 26%
Contributions & grants$26K · 9%
Program service revenue66%$200K
Other revenue26%$77K
Contributions & grants9%$26K
Investment income$1
Total revenueLn 12$303K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $1.00
Program services100%$288K
Total functional expensesLn 25$288K

Balance Sheet

Part X · end of year
CashLn 1$91K
Total assetsLn 16$1.9M
Total liabilitiesLn 26$1.7M
Total net assetsLn 32$167K
Months of cash on handcomputed3.8

Financial Metrics

Form 990 · FY2021 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $91K · Operating expenses/yr $288K
3.8 months
Where the money goes
Program services
Program services $288K · Total expenses $288K
100%
Management & General
Management & general $0 · Total expenses $288K
0%
Fundraising
Fundraising $0 · Total expenses $288K
0%
Cost to raise $1
Fundraising expense $0 · Solicited contributions $26K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $26K · Total revenue $303K
9%
Government reliance
Government grants — · Total revenue $303K
Earned-income share
Program service revenue $200K · Total revenue $303K
66%
Investment reliance
Investment income $1 · Total revenue $303K
0%
Program self-sufficiency
Program service revenue $200K · Total expenses $288K
69%
Growth & trend
Revenue growth (YoY)
This year $303K · Prior year —
No prior year on file
Net-asset trend (YoY)
End of year $167K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $303K · Expenses $288K
+5%
Liabilities-to-Assets
Total liabilities — · Total assets $1.9M
Net-asset ratio
Net assets $167K · Total assets $1.9M
9%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $1.9M
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Doyle Early · Reported title BOARD MEMBER · Highest reported compensation $0 · Total expenses $288K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $288K
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 100%
Overhead ratio 0%
Fundraising cost ratio 0%
Legal fee ratio 8%

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 · FY2023
Total grants receivedfrom 1 funder$22
Grants paid · 1 grant · $39K · 2020–2020
Forward High Point INCNC · FY2020$39,185

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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)$102K revenue · ⤓ 990 PDF
FY2024$223K revenue · ⤓ 990 PDF
FY2023$242K revenue · ⤓ 990 PDF
FY2022$254K revenue · ⤓ 990 PDF
FY2021$303K revenue · viewing · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2021IRS
Classification, formation year, addressIRS Business Master File
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