Foundation Forward INC FY2020 filing

EIN 46-3641483 Public charity (501(c)(3)) Valdese, NC NTEE W99
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Revenue & expenses by yearFY2020–FY2024
Revenue
$993K
FY2020
Expenses
$897K
FY2020

Form 990 for the fiscal year ending December 2020 (IRS tax year 2020).


Builds monuments to founding documents, educating communities about American history and rights. For fiscal year 2020 it reported $993K in revenue, $897K in expenses, and $237K in net assets.Pt I

Type
Public charity (501(c)(3)) · Public & Societal Benefit
Location
Valdese, NC
Website
chartersoffreedom.com
Filings
5 on file (2020–2020)
Revenue
$993KFY2020
Expenses
$897K
Net assets
$237K
People
9
You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →
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Figures match the IRS filing checked 8/25/26 · see original: IRS
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Size
$1–10M
What they do
Builds monuments to founding documents, educating communities about American history and rights.
Leadership
Perry Snider · Director · $70K
Money in and out
$993K revenue, $897K expenses
Bottom line
81% program efficiency

What Funders Ask

From IRS filings

Tax-deductible?

good Yes

Per the IRS master file. Details →

Can I give now?

good No revocation on IRS record

Not on the IRS revocation list. Details →

Filing up to date?

good Filed FY2024 (typical filing lag)

Details →

Spent on programs?

good 81% to programs

Form 990 Part IX, latest filing. Details →

Size and trend

$1–10M

Details →

Not in filings yet: foundation funders

Where the money goes · FY2020
Total revenue
$993K
Pt VIII · Ln 12
Total expenses
$897K
Pt IX · Ln 25
Net assets
$237K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $97K
Where spending went · Part IX cols B–D
Program services $0.81 Management & general $0.11 Fundraising $0.08
Program efficiency
81%
of spending reaches programs
Operating runway
0.3mo
months of highly liquid reserves at operating expense rate
Surplus margin
+10%
revenue over expenses, this year

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Summary of the Filing

Part I · fiscal year 2020 · Form 990
Total assets
$242K
FY2020
Total liabilities
$5K
FY2020
Revenue less expensesPt I · Ln 19$97K
Total assetsPt X · Ln 16$242K
Program-expense ratioPt IX · col B81%
Voting members of governing bodyPt I · Ln 39
Independent voting membersPt I · Ln 45

Identity & Classification

Form 990 Header · IRS Business Master File
Legal name (IRS)Hdr · item CFoundation Forward INC
EINHdr · item D46-3641483
Principal addressHdr · item CValdese, NC
WebsiteHdr · item Jchartersoffreedom.com
Year of formationHdr · item Lpending
State of legal domicileHdr · item MNC
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFPublic & Societal Benefit (W99)
Ruling yearIRS BMFJun 2014

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a9
Independent voting membersPt VI · Ln 1b5
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 2Yes

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Director
$70,000Pt VII · Sec A
$50,000Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Michael Unruh’s $79K as Director is at the 14th percentile of top reported officer pay among 732 $1–10M public & societal benefit nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 3 named individuals · Part VII

NameFY2023FY2022FY2021FY2020
Michael Unruh$78,648$69,079$50,000$50,000
Perry Snider$77,572$76,923$70,000$70,000
Connie Snider$57,565———

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Mission & Programs · Part III

Where the work happens

1 program service account for $727K of program spending, described in the organization's own filed words · FY2020.
01

We dedicated 4 settings in 2020, another 14 settings in different stages of work.

$727Kprogram expense

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Statement of Revenue

Part VIII
Contributions & grants100%$993K
— government grantsLn 1e$64K
Total revenueLn 12$993K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.81 Management & general $0.11 Fundraising $0.08
Program services81%$727K
Management & general11%$100K
Fundraising8%$69K
Total functional expensesLn 25$897K

Balance Sheet

Part X · end of year
CashLn 1$19K
Total assetsLn 16$242K
Total liabilitiesLn 26$5K
Total net assetsLn 32$237K
Months of cash on handcomputed0.3

Financial Metrics

Form 990 · FY2020 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $19K · Operating expenses/yr $897K
0.3 months
Where the money goes
Program services
Program services $727K · Total expenses $897K
81%
Management & General
Management & general $100K · Total expenses $897K
11%
Fundraising
Fundraising $69K · Total expenses $897K
8%
Cost to raise $1
Fundraising expense $69K · Solicited contributions $929K
$0.07 to raise $1
Where the money comes from
Contribution dependence
Contributions & grants $993K · Total revenue $993K
100%
Government reliance
Government grants $64K · Total revenue $993K
6%
Earned-income share
Program service revenue $0 · Total revenue $993K
0%
Investment reliance
Investment income $0 · Total revenue $993K
0%
Program self-sufficiency
Program service revenue $0 · Total expenses $897K
0%
Growth & trend
Revenue growth (YoY)
This year $993K · Prior year —
No prior year on file
Net-asset trend (YoY)
End of year $237K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $993K · Expenses $897K
+10%
Liabilities-to-Assets
Total liabilities — · Total assets $242K
—
Net-asset ratio
Net assets $237K · Total assets $242K
98%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $242K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Perry Snider · Reported title DIRECTOR · Highest reported compensation $70K · Total expenses $897K
8%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $475K · Total expenses $897K
53%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 81%——
Overhead ratio 11%——
Fundraising cost ratio 7%——
Legal 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.

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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)$4.4M revenue · ⤓ 990 PDF
FY2023$6.1M revenue · ⤓ 990 PDF
FY2022$1.0M revenue · ⤓ 990 PDF
FY2021$1.1M revenue · ⤓ 990 PDF
FY2020$993K 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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