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Nonprofiteer
← FOR-M FOUNDATION INC

Form 990 for tax year 2024

Filed by FOR-M FOUNDATION INC.

Totals

Total revenue
$734,338
Total expenses
$682,857
Contributions and grants received
$725,240
Grants paid
$0
Program service revenue
$0
Investment income
$9,098
Other revenue
$0
Total assets, end of year
$748,556
Total liabilities, end of year
$691,659
Net assets or fund balances, end of year
$56,897
Program services expenses (Part IX)
$576,434
Management and general expenses
$52,151
Fundraising expenses
$54,272
Program service expenses (Part III)
$576,434

Program services were 84.4% 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.

  • 1d · Related organizations

    $275,000

  • 1f · All other contributions, gifts and grants

    $450,240

  • 3 · Investment income

    total $9,098 · excluded $9,098

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $337,438 · program services $238,434 · management and general $46,296 · fundraising $52,708

  • 8 · Pension plan contributions

    total $9,315 · program services $6,582 · management and general $1,278 · fundraising $1,455

  • 9 · Other employee benefits

    total $698 · program services $493 · management and general $96 · fundraising $109

  • 11c · Fees: accounting

    total $4,481 · management and general $4,481

  • 11g · Fees: other

    total $6,694 · program services $6,694

  • 13 · Office expenses

    total $249 · program services $249

  • 19 · Conferences, conventions and meetings

    total $1,416 · program services $1,416

  • 24a · Other expenses: PROGRAM EXPENSE

    total $226,550 · program services $226,550

  • 24b · Other expenses: CREDIT LOSS

    total $96,000 · program services $96,000

  • 24e · All other expenses

    total $16 · program services $16

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $460,562 · end of year $401,385

  • 3 · Pledges and grants receivable

    beginning of year $0 · end of year $47,067

  • 7 · Other notes and loans receivable

    beginning of year $0 · end of year $24,000

  • 15 · Other assets

    beginning of year $597,500 · end of year $276,104

  • 17 · Accounts payable and accrued expenses

    beginning of year $29,500 · end of year $690,659

  • 19 · Deferred revenue

    beginning of year $500 · end of year $1,000

  • 25 · Other liabilities

    beginning of year $1,022,646 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $5,416 · end of year $56,897

Mission and programs · 2024

Mission

DEVELOP DIVERSE SOURCES OF TECH TALENT AND STARTUPS FROM K-12, UNIVERSITY, AND NON-TRADITIONAL CAREER PATHWAYS

  • TALENT RESKILLING/UPSKILLING: WE PROVIDE OPPORTUNITIES FOR UPSKILLING AND RESKILLING TO EXPAND BOTH THE CAPACITY AND DIVERSITY OF OUR TECH TALENT. SIGNATURE PROGRAMS INCLUDE TECH APPRENTICESHIPS A PREFERRED PROVIDER RESKILLING NETWORK FOR NON-TRADITIONAL SKILLS DEVELOPMENT, AND AI UPSKILLING. WE LEVERAGE STATE AND FEDERAL GRANTS TO OFFSET THE COSTS AND RISKS SO THAT EMPLOYERS CAN INVEST IN RESKILLING AND UPSKILLING.

    Expenses $192,145

  • TALENT K20: RECOGNIZING THAT DEVELOPING DIVERSE TECH TALENT IS CRITICAL TO A VIBRANT TECH COMMUNITY, THE COALITION SUPPORTS TECHNOLOGY EDUCATION AND OPPORTUNITIES TO ATTRACT, DEVELOP, AND RETAIN DIVERSE REGIONAL STUDENTS TO CREATE A STRONG EARLY TALENT PIPELINE. SIGNATURE PROGRAMS INCLUDE HOUR OF TECH AND FUSE.

    Expenses $192,145

  • STARTUP: SCALABLE TECH STARTUPS DRIVE INNOVATION AND EMPLOYMENT. THE COALITION SUPPORTS START UP FIRMS THROUGHOUT THEIR LIFE CYCLE THROUGH FUNDING AND MENTORING PROGRAMS. SIGNATURE PROGRAMS INCLUDE OUR FOR-M INCUBATOR.

    Expenses $192,144

As filed on the 2024 return.

Listed in Part VII

  • Molly Mulroy

    CHAIR

    Total calculated
    $0
    Hours/week
    0.5 + 0.5 related
  • Sangeetha Rai

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    0.5 + 0.5 related
  • Dan Renouard

    TREASURER

    Total calculated
    $0
    Hours/week
    0.5 + 0.5 related
  • Wendy Schafer

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5 + 0.5 related
  • Rashi Khosla

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5 + 0.5 related
  • Gordon Nameni

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5 + 0.5 related
  • Jason Fields

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5 + 0.5 related
  • Mara Lord

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5 + 0.5 related
  • Rebecca Janutis

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5 + 0.5 related
  • Joseph Poeschl

    EXECUTIVE DIRECTOR

    Total calculated
    $136,526
    From this org
    $0
    From related orgs
    $136,526
    Other
    $0
    Hours/week
    40 + 0.5 related
  • Gwenn Peters

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5 + 0.5 related
  • Matt Moeser

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5 + 0.5 related
  • Mike Maschek

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5 + 0.5 related
  • Victor Amaya

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5 + 0.5 related
  • Kathy Henrich

    CHIEF EXECUTIVE OFFICER

    Total calculated
    $323,458
    From this org
    $0
    From related orgs
    $285,285
    Other
    $38,173
    Hours/week
    0.5 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $220,401 related
    Bonus
    $0 + $57,057 related
    Other
    $0 + $7,827 related
    Deferred
    $0 + $7,097 related
    Nontaxable benefits
    $0 + $31,076 related
    Filer's total
    $0 + $323,458 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

The filer's explanations (Part III)

PART I, LINE 3
THE COMPENSATION OF THE CEO IS DETERMINED BY THE ORGANIZATION'S RELATED ORGANIZATION, FOR-M, INC. THE FOLLOWING METHODS WERE USED BY FOR-M, INC. TO ESTABLISH THE CEO'S COMPENSATION: 1. APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE

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

No itemized grants to organizations 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.

  • FOR-M INC

    501(C)(6) · ECONOMIC DEVELOPMENT WITHING THE TECHNOLOGY INDUSTRY · WI

Provenance

Return type
form_990
Tax year
2024
Filed
27 October 2025
IRS schema version
2024v5.2
Source object
202503019349301760

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