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Louisa Forward Foundation INC

Tax-deductible

Louisa, VA501(c)(3)Since 2020Community DevelopmentEIN 85-2674614

The louisa forward foundation is a 501(c)(3) nonprofit created to support the economic, education and community development programs implemented by the louisa county chamber of commerce.

501(c)(3) charity; gifts are tax-deductible.
69¢ of each $1 spent went to programs.
Run by 26 volunteers.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
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
Spent on programs
69%
of spending
Fine: 69% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Cash reserves
7 mo
of spending, in cash
Looks good: 6.6 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $10K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$20K
43% of total assets
Looks good: liabilities are 43% of assets; 50% or less.
Pt X · Ln 26
Independent board members
6
of 6 voting members
Looks good: 6 of 6 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$90K
-12% vs prior year
Spent
$83K
To programs
69%
Net assets
$26K
By yearFY2021–FY2024
Revenue
$90K
FY2024▼ -12%
Revenue by fiscal year
FY2021$2K
FY2022$23K
FY2023$105K
FY2024$101K
FY2024$90K
Net assets
$26K
FY2024▲ +33%
Net assets by fiscal year
FY2021$1K
FY2022$11K
FY2023$1K
FY2024$20K
FY2024$26K

From the FY2024 Form 990 · see the original

Form 990 (PDF) Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Nov 2020.

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

Where the money goes

69 cents of each dollar spent went to programs.

Program services 69% · $57K Management & general 31% · $26K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Who runs it and what they're paid

7 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Melanie Baker
Vice Chair
$0Pt VII · Sec A
$0Pt VII · Sec A
John Pope
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
Judy Winslow
Director
$0Pt VII · Sec A
Tracy Clark
Executive Director
$0Pt VII · Sec A
See Louisa Forward Foundation INC 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

Louisa Forward Foundation INC is a community improvement nonprofit based in Louisa, VA, formed in 2020.

Provided by the organization

This section is blank until Louisa Forward Foundation INC claims this page.

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1 program service account for $57K of program spending, described in the organization's own filed words · FY2024.
01

Providing financial support to economic, education, and community development activities of the louisa county chamber of commerce

$57Kprogram expense

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Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2024
Change X United States INCFY2024$7K
Nisource Charitable FoundationFY2024$2K
Total grants receivedfrom 2 funders$10K

By the numbers

The FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$90K
Ln 12
Fees for servicesLn 2g$71K
Gifts and grantsLn 1h$18K
Investment incomeLn 3$5
Money outPt IX
$83K
Ln 25
Programscol B$57K
Managementcol C$26K
Owns and owesPt X
$26K
net assets · Ln 32
Cash and savingsLn 1–2$46K
Total assetsLn 16$46K
LiabilitiesLn 26$20K
PeoplePt VI, VII
7
listed · VII A
PaidVII A0
Voting boardVI 1a6
IndependentVI 1b6
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$18K
Fees for servicesLn 2g$71K
Investment incomeLn 3$5
Total revenueLn 12$90K
Assets in detailPt X, end of year
CashLn 1$31K
SavingsLn 2$15K
Cash and savings togetherLn 1–2$46K
Other assetsLn 15$0
Total assetsLn 16$46K
LiabilitiesLn 26$20K
Net assetsLn 32$26K
OperationsPt I, VI
EmployeesI 50
VolunteersI 626
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 FY24End FY24
Cash and savingsLn 1–2$27K$46K
Total assetsLn 16$34K$46K
LiabilitiesLn 26$14K$20K
Net assetsLn 32$20K$26K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$4K$4K
Management feesLn 11a$21K$21K
Legal feesLn 11b$25$25
Accounting feesLn 11c$238$238
Office expensesLn 13$3K$3K
Information technologyLn 14$1K$1K
Other expenses (24a–d)Ln 24$53K$53K$350
All other expensesLn 24e$690$690
Total functional expensesLn 25$83K$57K$26K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 $101K$20K 990 PDF
FY2023 $105K$1K 990 PDF
FY2022 $23K$11K 990 PDF
FY2021 $2K$1K 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 FY2024 990 (4 parts)
Part VIII · Statement of revenue $89,516 across 5 lines filed
VIII-1f All other contributions, gifts and grants$18,158
VIII-1h Total contributions, gifts and grants$18,158
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $71,353$71,353
VIII-3 Investment incomeExcluded from tax $5$5
VIII-12 Total revenueRelated to mission $71,353 · Unrelated business $0 · Excluded from tax $5$89,516
Part IX · Statement of functional expenses $83,028 across 8 lines filed
IX-1 Grants to domestic organizationsPrograms $4,010$4,010
IX-11a Management feesManagement $20,880$20,880
IX-11b Legal feesManagement $25$25
IX-11c Accounting feesManagement $238$238
IX-13 Office expensesManagement $2,908$2,908
IX-14 Information technologyManagement $1,030$1,030
IX-24 Other expenses (24a–d)Programs $52,897 · Management $350$53,247
IX-24e All other expensesManagement $690$690
IX-25 Total functional expensesPrograms $56,907 · Management $26,121 · Fundraising $0$83,028
Part X · Balance sheet $45,852 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $20,991$30,916
X-2 Savings and temporary cash investmentsStart of year $6,246$14,936
X-15 Other assetsStart of year $6,566$0
X-16 Total assetsStart of year $33,803$45,852
X-17 Accounts payable and accrued expensesStart of year $12,720$118
X-19 Deferred revenueStart of year $1,500$13,275
X-25 Other liabilitiesStart of year $0$6,388
X-26 Total liabilitiesStart of year $14,220$19,781
X-27 Net assets without donor restrictionsStart of year $19,583$26,071
X-32 Total net assets or fund balancesStart of year $19,583$26,071
X-33 Total liabilities and net assetsStart of year $33,803$45,852
Part XI · Reconciliation of net assets $26,071 net assets at year end
XI-1 Total revenue$89,516
XI-2 Total expenses$83,028
XI-3 Revenue less expenses$6,488
XI-4 Net assets at start of year$19,583
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$26,071

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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