Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1d · Related organizations

  $31,563,106

• 1f · All other contributions, gifts and grants

  $5,187,166

• 3 · Investment income

  total $622,131 · excluded $622,131

• 6a · Gross rents

  real property $8,000

• 6b · Less rental expenses

  real property $0

• 6c · Rental income or loss

  real property $8,000

• 6d · Net rental income or loss

  total $8,000 · excluded $8,000

• 11a · Other revenue: REIMBURSEMENT

  total $117,322 · related or exempt $117,322

• 11e · Other revenue, total

  $117,322

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $1,191,958 · program services $1,191,958

• 5 · Compensation of officers, directors and key employees

  total $687,652 · program services $464,148 · management and general $190,351 · fundraising $33,153

• 7 · Other salaries and wages

  total $5,095,199 · program services $4,119,139 · management and general $925,219 · fundraising $50,841

• 8 · Pension plan contributions

  total $301,156 · program services $242,557 · management and general $55,259 · fundraising $3,340

• 9 · Other employee benefits

  total $745,147 · program services $598,143 · management and general $137,996 · fundraising $9,008

• 10 · Payroll taxes

  total $402,146 · program services $320,554 · management and general $75,898 · fundraising $5,694

• 11b · Fees: legal

  total $356,871 · program services $1,020 · management and general $355,851

• 11c · Fees: accounting

  total $86,341 · management and general $86,341

• 11d · Fees: lobbying

  total $799,489 · program services $799,489

• 11e · Fees: professional fundraising services

  total $16,000 · fundraising $16,000

• 11f · Fees: investment management

  total $70,894 · management and general $70,894

• 11g · Fees: other

  total $3,172,468 · program services $2,851,956 · management and general $320,512

• 12 · Advertising and promotion

  total $148,549 · program services $148,549

• 13 · Office expenses

  total $265,491 · program services $211,793 · management and general $49,951 · fundraising $3,747

• 14 · Information technology

  total $771,284 · program services $574,945 · management and general $191,842 · fundraising $4,497

• 16 · Occupancy

  total $665,059 · program services $530,125 · management and general $125,518 · fundraising $9,416

• 17 · Travel

  total $701,225 · program services $504,870 · management and general $196,355

• 19 · Conferences, conventions and meetings

  total $221,152 · program services $142,427 · management and general $78,706 · fundraising $19

• 22 · Depreciation, depletion and amortization

  total $123,978 · program services $98,824 · management and general $23,399 · fundraising $1,755

• 24a · Other expenses: MEMBERSHIP DUES

  total $56,665 · program services $56,665

• 24b · Other expenses: BANK FEES

  total $35,016 · management and general $35,016

• 24c · Other expenses: BUSINESS INSURANCE

  total $33,104 · program services $26,387 · management and general $6,248 · fundraising $469

• 24d · Other expenses: REGISTRATIONS & LICENSE

  total $18,251 · management and general $18,251

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $3,966,701 · end of year $2,448,933

• 2 · Savings and temporary cash investments

  beginning of year $4,741,255 · end of year $1,392,249

• 3 · Pledges and grants receivable

  beginning of year $18,000,000 · end of year $24,478,272

• 4 · Accounts receivable

  beginning of year $64,783 · end of year $90,537

• 9 · Prepaid expenses and deferred charges

  beginning of year $474,899 · end of year $393,967

• 10a · Land, buildings and equipment: cost or other basis

  $820,629

• 10b · Land, buildings and equipment: accumulated depreciation

  $347,807

• 10c · Land, buildings and equipment, net

  beginning of year $574,843 · end of year $472,822

• 11 · Investments: publicly traded securities

  beginning of year $3,314,444 · end of year $12,530,426

• 15 · Other assets

  beginning of year $7,778,568 · end of year $18,243,978

• 17 · Accounts payable and accrued expenses

  beginning of year $1,765,800 · end of year $1,402,268

• 18 · Grants payable

  beginning of year $50,000

• 25 · Other liabilities

  beginning of year $4,558,101 · end of year $4,228,426

• 27 · Net assets without donor restrictions

  beginning of year $14,416,592 · end of year $29,817,218

• 28 · Net assets with donor restrictions

  beginning of year $18,125,000 · end of year $24,603,272

The filer's explanations (Part III)

PART II

AS REFLECTED ON SCHEDULE R., FWD.US, INC. SHARES PAID EMPLOYEES WITH FWD.US EDUCATION FUND, INC., A RELATED 501(C)(3) TAX-EXEMPT ORGANIZATION, PURSUANT TO A SHARED SERVICES AGREEMENT BETWEEN THE TWO ORGANIZATIONS. FWD.US, INC. ACTS AS A COMMON PAYMASTER FOR CERTAIN EMPLOYEES OF THE TWO ORGANIZATIONS. CERTAIN EMPLOYEES ALLOCATE THEIR TIME BETWEEN THE TWO ORGANIZATIONS, AND FWD.US EDUCATION FUND, INC. REIMBURSES FWD.US, INC. FOR FWD.US EDUCATION FUND, INC.'S ALLOCABLE SHARE OF SALARY AND BENEFITS EXPENSE. FWD.US, INC. HAS REPORTED THE COMPENSATION AND BENEFITS ATTRIBUTABLE TO IT ON ROW (I) OF THIS SCHEDULE. COMPENSATION ATTRIBUTABLE TO FWD.US EDUCATION FUND, INC. IS REPORTED ON ROW (II) OF THIS SCHEDULE.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

• COUNCIL FOR AMERICAN JOB GROWTH LLC

  IMMIGRATION REFORM · DE · income $0 · assets $175,605

  Directly controlled by FWDUS INC

• AMERICANS FOR CONSERVATIVE DIRECTION LLC

  IMMIGRATION REFORM · DE · income $550,000 · assets $550,425

  Directly controlled by FWDUS INC

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

• META PLATFORMS INC

  C · SOCIAL MEDIA · DE · controlled entity