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Forward Academy FY2021 filing

Dallas, TXUnknown exempt organizationEIN 85-1104300Revenue $252K in FY2021

On file with the IRS3401 Lee Parkway Unit 308 · Dallas, TX

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Trend Forward Academy (the Academy) is a charitable organization established to connect underprivileged students in the field of information technology and data security with educational institutions/organizations in order to provide equal learning and training opportunities. The program seeks to fill gaps in the standard IT education curriculum and to provide deserving underprivileged students with additional opportunities.

100¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Programs: Part IX

Before you give

FY2021 · Form 990Independent: from IRS data, not the org
Download 990
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 4
filings with a surplus
Average deficit $9K a year · 14% of revenue · last 4 filings
Worth a look: a surplus in 2 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
6 mo
of spending, in cash
Looks good: 5.7 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$252K
Spent
$171K
To programs
100%
Net assets
$81K
By yearFY2020–FY2024
Revenue
$252K
FY2021
Tap a bar for its year
Revenue by fiscal year
FY2020$0
FY2021$252K
FY2022$11
FY2023$0
FY2024$0
Expenses
$171K
FY2021
Tap a bar for its year
Expenses by fiscal year
FY2020Not on file
FY2021$171K
FY2022$59K
FY2023$58K
FY2024$0
Net assets
$81K
FY2021
Tap a bar for its year
Net assets by fiscal year
FY2020$0
FY2021$81K
FY2022$22K
FY2023−$36K
FY2024$0

From the FY2021 Form 990 · see the original

Form 990 (PDF) Claim
You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $171K

Form 990 Part IX, line 25. Every line is in By the numbers.

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Who runs it and what they're paid

3 people listed on the 990.

Part VII, Section A · reportable compensation
Wael Mohamed
President & Director
$0Pt VII · Sec A
Antonio Cano
Treasurer & Director
$0Pt VII · Sec A
Hernan Arabruster
VP & Director
$0Pt VII · Sec A
See Forward Academy executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Connects underprivileged students with IT education and training opportunities.

Questions for Forward Academy

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Provided by the organization

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1 program · $171K · in their own filed words · FY2021
01

The Academy is delivering two flagship talent incubation programs:1. Certificate Program in IT Security (CPITS) offers engineering graduates an intensive 8-week introduction to cybersecurity fundamentals and Trend Micro's industry-leading enterprise solutions.2.

$171Kprogram expense

By the numbers

The FY2021 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$252K
Ln 12
Fees for servicesLn 2g$250K
Other incomeLn 4–11$2K
Money outPt IX
$171K
Ln 25
Programscol B$171K
Owns and owesPt X
$81K
net assets · Ln 32
Cash and savingsLn 1–2$81K
Total assetsLn 16$81K
LiabilitiesLn 26$0
PeoplePt VI, VII
3
listed · VII A
PaidVII A0
Voting boardVI 1a0
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$250K
Other incomeLn 4–11$2K
Total revenueLn 12$252K
Assets in detailPt X, end of year
CashLn 1$81K
Cash and savings togetherLn 1–2$81K
Total assetsLn 16$81K
LiabilitiesLn 26$0
Net assetsLn 32$81K
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$0$81K
Total assetsLn 16$0$81K
LiabilitiesLn 26$0$0
Net assetsLn 32$0$81K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$155K$155K
Legal feesLn 11b$1K$1K
Other fees for servicesLn 11g$277$277
TravelLn 17$14K$14K
Total functional expensesLn 25$171K$171K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $0$0$0$0 990 PDF
FY2023 $0$58K−$58K−$36K 990 PDF
FY2022 $11$59K−$59K$22K 990 PDF
FY2021 Viewing $252K$171K$81K$81K 990 PDF
FY2020 $0$0 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2021 990 (6 parts)
Part I · Summary $251,620 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $0$250,000
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $0$1,620
I-12 Total revenuePrior year $0$251,620
I-13 Grants and similar amounts paidPrior year $0$154,743
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $0$16,024
I-18 Total expensesPrior year $0$170,767
I-19 Revenue less expensesPrior year $0$80,853
Part VI · Governance 4 to look at
VI-1a Voting members of the governing body0
VI-1b Independent voting members0
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $251,620 across 2 lines filed
Lines not itemized here account for $250,000 of total revenue; see the IRS return.
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Unrelated business $1,620$1,620
VIII-12 Total revenueRelated to mission $0 · Unrelated business $251,620 · Excluded from tax $0$251,620
Part IX · Statement of functional expenses $170,767 across 4 lines filed
IX-2 Grants to domestic individualsPrograms $154,743$154,743
IX-11b Legal feesPrograms $1,450$1,450
IX-11g Other fees for servicesPrograms $277$277
IX-17 TravelPrograms $14,297$14,297
IX-25 Total functional expensesPrograms $170,767 · Management $0 · Fundraising $0$170,767
Part X · Balance sheet $80,853 assets, 5 lines filed
X-1 Cash, non-interest-bearingStart of year $0$80,853
X-16 Total assetsStart of year $0$80,853
X-26 Total liabilitiesStart of year $0$0
X-32 Total net assets or fund balancesStart of year $0$80,853
X-33 Total liabilities and net assetsStart of year $0$80,853
Part XI · Reconciliation of net assets $80,853 net assets at year end
XI-1 Total revenue$251,620
XI-2 Total expenses$170,767
XI-3 Revenue less expenses$80,853
XI-4 Net assets at start of year$0
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$80,853

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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