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Nonprofiteer
← FORT BEND FORWARD INC

Form 990 for tax year 2023

Filed by FORT BEND FORWARD INC.

Totals

Total revenue
$357,207
Total expenses
$310,218
Contributions and grants received
$297,694
Grants paid
$174,750
Program service revenue
$59,513
Investment income
$0
Other revenue
$0
Total assets, end of year
$427,152
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$427,152
Program services expenses (Part IX)
$310,218
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$310,218

Program services were 100.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $297,694

  • 2a · Program service revenue: PROGRAM INCOME

    total $59,513 · related or exempt $59,513

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $174,750 · program services $174,750

  • 24a · Other expenses: NON-PROFIT LEADERSHIP P

    total $68,637 · program services $68,637

  • 24b · Other expenses: COMMUNITY SERVICE EXPEN

    total $43,703 · program services $43,703

  • 24c · Other expenses: FESTIVAL OF ONE EXPENSE

    total $14,564 · program services $14,564

  • 24d · Other expenses: CIVICS BEE 2023 EXPENSE

    total $8,564 · program services $8,564

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $305,051 · end of year $372,425

  • 4 · Accounts receivable

    beginning of year $75,112 · end of year $54,727

  • 27 · Net assets without donor restrictions

    beginning of year $119,508 · end of year $166,497

  • 28 · Net assets with donor restrictions

    beginning of year $260,655 · end of year $260,655

Mission and programs · 2023

Mission

THE MISSION OF FORT BEND FORWARD IS TO PROVIDE RESOURCES TO MEET THE LITERARY, CULTURAL, EDUCATIONAL AND HEALTH NEEDS OF THE GREATER FORT BEND COMMUNITY.

  • PROVIDE SCHOLARSHIP GRANTS TO SCHOOLS AND OTHER ORGANIZATIONS COMMITTED TO THE DEVELOPMENT OF FORT BEND COUNTY.

    Expenses $174,750 · Grants $174,750

  • TO PROVIDE A FORUM TO THOSE INDIVIDUALS WANTING TO LEARN AND DEVELOP SKILLS TO ENHANCE THE SUCCESS OF THE ORGANIZATIONS THEY LEAD IN FORT BEND COUNTY.

    Expenses $91,765 · Revenue $59,513

  • THE YOUTH IN PHILANTHROPY PROGRAM BRINGS TOGETHER 200 JUNIORS AND SENIORS FROM ACROSS FORT BEND COUNTY TO GROW AS LEADERS AND LEARN ABOUT THE NONPROFIT SECTOR.

    Expenses $43,703

As filed on the 2023 return.

Listed in Part VII

  • Qiara Suggs

    CHAIR

    Total calculated
    $0
    Hours/week
    0.25 + 1 related

  • King Banerjee

    IMMEDIATE PAST CHAIR

    Total calculated
    $0
    Hours/week
    0.25 + 1 related

  • Jim Rice

    INCOMING CHAIR

    Total calculated
    $0
    Hours/week
    0.25 + 1 related

  • Keith Borgfeldt

    TREASURER

    Total calculated
    $0
    Hours/week
    0.25 + 1 related

  • Tariq Zafar

    LEGAL COUNSEL

    Total calculated
    $0
    Hours/week
    0.25 + 1 related

  • Keri Schmidt

    PRESIDENT AND CEO

    Total calculated
    $285,783
    From this org
    $0
    From related orgs
    $276,177
    Other
    $9,606
    Hours/week
    0.25 + 60 related

    Schedule J breakdown matched by us

    Base
    $0 + $240,154 related
    Bonus
    $0 + $36,023 related
    Other
    $0
    Deferred
    $0 + $9,606 related
    Nontaxable benefits
    $0
    Filer's total
    $0 + $285,783 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2023
Filed
16 August 2024
IRS schema version
2023v5.1
Source object
202412299349300046

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