Forward Foundation EIN 46-0557952

Forward Foundation FY2020 filing

EIN  46-0557952 Public charity (501(c)(3)) Fargo, ND
Form 990 (PDF)
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Size
$100K–1M
What they do
Improves children's lives through programs and support.
Leadership
Sheri Stockmoe · President
Money in and out
$235K revenue, $208K expenses
Bottom line
94% program efficiency

Improves children's lives through programs and support. For fiscal year 2020 it reported $235K in revenue, $208K in expenses, and $636K in net assets.Pt I

Where the money goes · FY2020
Total revenue
$235K
Pt VIII · Ln 12
Total expenses
$208K
Pt IX · Ln 25
Net assets
$636K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $27K
Where spending went · Part IX cols B–D
Program services $0.94 Management & general $0.05 Fundraising $0.01
Program efficiency
94%
of spending reaches programs
Operating runway
41.3mo
months of highly liquid reserves at operating expense rate
Surplus margin
+11%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2020 · Form 990
Revenue
$235K
FY2020
Expenses
$208K
FY2020
Total assets
$674K
FY2020
Total liabilities
$39K
FY2020
Total revenue
$235K
Pt VIII · Ln 12
Total expenses
$208K
Pt IX · Ln 25
Net assets
$636K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$27K
Total assetsPt X · Ln 16$674K
Program-expense ratioPt IX · col B94%
Voting members of governing bodyPt I · Ln 33
Independent voting membersPt I · Ln 4pending
Mission & Programs · Part III

Where the work happens

1 program service account for $196K of program spending, described in the organization's own filed words · FY2020.
01

To enhance the lives of children.

$196Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CForward Foundation
EINHdr · item D46-0557952
Principal addressHdr · item CFargo, ND
WebsiteHdr · item Jwww.forwardfoundation.com
Year of formationHdr · item Lpending
State of legal domicileHdr · item MND
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFHuman Services (P58)
Ruling yearIRS BMFJun 2013

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a3
Independent voting membersPt VI · Ln 1bpending
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
$0Pt VII · Sec A
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
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Statement of Revenue

Part VIII
Contributions & grants100%$235K
Total revenueLn 12$235K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.94 Management & general $0.05 Fundraising $0.01
Program services94%$196K
Management & general5%$11K
Fundraising1%$1K
Total functional expensesLn 25$208K

Balance Sheet

Part X · end of year
CashLn 1$674K
Total assetsLn 16$674K
Total liabilitiesLn 26$39K
Total net assetsLn 32$636K
Months of cash on handcomputed38.9

Financial Metrics

Form 990 · FY2020 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $674K · Operating expenses (Pt IX) $208K · Less non-cash grants $12K · Cash operating expenses/yr $196K
41.3 months
Where the money goes
Program services
Program services $196K · Total expenses $208K
94%
Management & General
Management & general $11K · Total expenses $208K
5%
Fundraising
Fundraising $1K · Total expenses $208K
1%
Cost to raise $1
Fundraising expense $1K · Solicited contributions $235K
$0.01 to raise $1
Where the money comes from
Contribution dependence
Contributions & grants $235K · Total revenue $235K
100%
Government reliance
Government grants — · Total revenue $235K
Earned-income share
Program service revenue $0 · Total revenue $235K
0%
Investment reliance
Investment income $0 · Total revenue $235K
0%
Program self-sufficiency
Program service revenue $0 · Total expenses $208K
0%
Growth & trend
Revenue growth (YoY)
This year $235K · Prior year —
No prior year on file
Net-asset trend (YoY)
End of year $636K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $235K · Expenses $208K
+11%
Liabilities-to-Assets
Total liabilities — · Total assets $674K
Net-asset ratio
Net assets $636K · Total assets $674K
94%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $674K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Sheri Stockmoe · Reported title PRESIDENT · Highest reported compensation $0 · Total expenses $208K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $208K
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 94%
Overhead ratio 5%
Fundraising cost ratio 1%
Accounting fee ratio 5%

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 · FY2021
Total grants receivedfrom 1 funder$15K
Grants paid · 15 grants · $716K · 2020–2024
Unitemized GrantFY2024$54,800
Power PlatesFY2024$25,000
Harvest Hope FarmMN · FY2024$7,500
Unitemized GrantFY2023$66,500
Unitemized GrantFY2022$82,500
Power PlatesFY2022$64,300
Harvest Hope FarmMN · FY2022$7,500
Power PlatesFY2021$112,000
Unitemized GrantFY2021$90,000
Jamestown Gymnastics ClubincND · FY2021$10,000
Unitemized GrantFY2020$67,500
Brew BirdFY2020$50,000
Power PlatesFY2020$38,850

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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
FY2024 (Latest)$179K revenue · ⤓ 990 PDF
FY2023$333K revenue · ⤓ 990 PDF
FY2022$278K revenue · ⤓ 990 PDF
FY2021$261K revenue · ⤓ 990 PDF
FY2020$235K revenue · viewing · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2020IRS
Classification, formation year, addressIRS Business Master File
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