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Nonprofiteer
← FOR-M INC

Form 990 for tax year 2024

Filed by FOR-M INC.

Totals

Total revenue
$1,162,412
Total expenses
$1,424,142
Contributions and grants received
$914,624
Grants paid
$281,000
Program service revenue
$22,328
Investment income
$223,030
Other revenue
$2,430
Total assets, end of year
$5,728,862
Total liabilities, end of year
$328,419
Net assets or fund balances, end of year
$5,400,443
Program services expenses (Part IX)
$1,244,145
Management and general expenses
$86,708
Fundraising expenses
$93,289
Program service expenses (Part III)
$6,000

Program services were 87.4% 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.

  • 1e · Government grants (contributions)

    $53,126

  • 1f · All other contributions, gifts and grants

    $861,498

  • 2a · Program service revenue: MEMBER DUES

    total $20,665 · related or exempt $20,665

  • 2b · Program service revenue: EVENTS

    total $1,663 · related or exempt $1,663

  • 3 · Investment income

    total $223,030 · excluded $223,030

  • 11a · Other revenue: OTHER REVENUE

    total $2,430 · excluded $2,430

  • 11e · Other revenue, total

    $2,430

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $281,000 · program services $281,000

  • 7 · Other salaries and wages

    total $468,967 · program services $331,372 · management and general $64,342 · fundraising $73,253

  • 8 · Pension plan contributions

    total $13,698 · program services $9,679 · management and general $1,879 · fundraising $2,140

  • 9 · Other employee benefits

    total $57,331 · program services $41,114 · management and general $7,583 · fundraising $8,634

  • 10 · Payroll taxes

    total $59,298 · program services $41,900 · management and general $8,136 · fundraising $9,262

  • 11b · Fees: legal

    total $21,736 · program services $21,736

  • 11c · Fees: accounting

    total $81,635 · program services $81,635

  • 11d · Fees: lobbying

    total $9,600 · program services $9,600

  • 11g · Fees: other

    total $111,177 · program services $111,177

  • 12 · Advertising and promotion

    total $26,093 · program services $24,270 · management and general $1,823

  • 13 · Office expenses

    total $2,954 · program services $2,954

  • 14 · Information technology

    total $31,720 · program services $31,720

  • 17 · Travel

    total $10,531 · program services $9,097 · management and general $1,434

  • 19 · Conferences, conventions and meetings

    total $15,418 · program services $14,937 · management and general $481

  • 22 · Depreciation, depletion and amortization

    total $210 · program services $210

  • 23 · Insurance

    total $7,508 · program services $6,478 · management and general $1,030

  • 24a · Other expenses: PROGRAM EXPENSE

    total $210,718 · program services $210,718

  • 24b · Other expenses: DUES & SUBSCRIPTIONS

    total $7,837 · program services $7,837

  • 24e · All other expenses

    total $6,711 · program services $6,711

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,005,989 · end of year $730,789

  • 3 · Pledges and grants receivable

    beginning of year $172,213 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $1,261 · end of year $6,586

  • 11 · Investments: publicly traded securities

    beginning of year $4,074,775 · end of year $4,327,967

  • 15 · Other assets

    beginning of year $1,023,957 · end of year $663,520

  • 17 · Accounts payable and accrued expenses

    beginning of year $605,231 · end of year $315,420

  • 19 · Deferred revenue

    beginning of year $10,791 · end of year $12,999

  • 27 · Net assets without donor restrictions

    beginning of year $5,603,173 · end of year $5,400,443

  • 28 · Net assets with donor restrictions

    beginning of year $59,000 · end of year $0

Mission and programs · 2024

Mission

INCLUSIVELY DOUBLE TECH TALENT IN THE MILWAUKEE REGION IN ORDER TO DRIVE ENDURING ECONOMIC PROSPERITY AND CREATE LIFE CHANGING JOBS

Activities or mission (Part I)

TO INCLUSIVELY GROW THE TECH ECOSYSTEM IN SOUTHEAST WISCONSIN IN ORDER TO DRIVE ENDURING ECONOMIC PROSPERITY AND CREATE LIFE CHANGING OPPORTUNITIES IN TECHNOLOGY. OUR FOUR AREAS OF FOCUS INCLUDE: 1. ATTRACTION OF TECH TALENT AND COMPANIES TO THE REGION2. BUILDING A DIVERSE TECH TALENT PIPELINE3. SCALING THE INNOVATION ECOSYSTEM 4. BUILDING CONNECTIONS AND COMMUNITY

  • REGIONAL BRANDINGADVANCE THE IMAGE OF THE MILWAUKEE REGION AS A TECHNOLOGY REGION WHICH ATTRACTS BOTH TECH COMPANIES AND WORKERS. THIS INCLUDES PROMOTING OUR STRENGTHS IN WATER/ENERGY TECHNOLOGY, HEALTHTECH, FINANCIAL PAYMENTS, AND INSURTECH.

    Expenses $6,000 · Grants $6,000

  • TECH JOBSSUPPORT EFFORTS TO CREATE AN ENVIRONMENT ATTRACTIVE TO TECHNOLOGY COMPANIES WITH THE GOAL BEING TO PROVIDE CAREER OPPORTUNITIES. THIS INCLUDES OUR WORK TO DEVELOP OUR TECH-BASED INDUSTRY CLUSTERS, INCLUDING FEDERAL GRANT OPPORTUNITIES SUCH AS NSF ECONOMIC ENGINES (ENERGY/WATER RESILIENCY IN MANUFACTURING), AND EDA TECH HUBS (BIO-TECHNOLOGY)

  • PRE-INTERNSHIP - OVER 70 INDIVIDUALS SERVED, WITH 84% FROM DEMOGRAPHICS TRADITIONALLY UNDERREPRESENTED IN TECH

  • TALENT - ATTRACT AND RETAIN

  • TRANSFORM AND CONNECT

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Molly Mulroy

    CHAIR

    Total calculated
    $0
    Hours/week
    0.5 + 0.5 related

  • Mara Lord

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5 + 0.5 related

  • Dan Renouard

    TREASURER

    Total calculated
    $0
    Hours/week
    0.5 + 0.5 related

  • Rebecca Janutis

    DIRECTOR

    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

  • Sangeetha Rai

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    0.5 + 0.05 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
    $285,285
    From related orgs
    $0
    Other
    $38,173
    Hours/week
    40 + 0.5 related

    Schedule J breakdown matched by us

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

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

  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement

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.

  • FOR-M FOUNDATION INC

    501(C)(3) · FOSTER THE SUPPLY AND DEMAND OF IT TALENT IN MILWAUKEE REGION · WI · controlled entity

Provenance

Return type
form_990
Tax year
2024
Filed
27 October 2025
IRS schema version
2024v5.2
Source object
202513019349301761

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