Form 990 for tax year 2024

Totals

Total revenue

$415,290

Total expenses

$443,990

Contributions and grants received

$15,000

Grants paid

$0

Program service revenue

$400,290

Investment income

$0

Other revenue

$0

Total assets, end of year

$35,597

Total liabilities, end of year

$35,597

Net assets or fund balances, end of year

$0

Program services expenses (Part IX)

$57,008

Management and general expenses

$386,982

Fundraising expenses

$0

Program service expenses (Part III)

$57,008

Program services were 12.8% 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.

Mission and programs · 2024

• The incumbent worker training program administered by Knox St. Studios in the Triad are of North Carolina has significantly impacted the local workforce. By leveraging Google Certificates in Cyber Security and Digital Marketing, the program has equipped existing employees with critical, in-demand skills, enhancing their career prospects and improving business operations. Additionally, the training for small business owners to manage development contracts has empowered local entrepreneurs with the knowledge and tools to effectively navigate and secure business opportunities, driving economic growth and innovation in the region.

  Expenses $57,008

• The City of Durhams ARPA-funded program has made significant strides in advancing STEM education for middle and high school students, with a strong emphasis innovation. Supported by Duke Universitys School of Engineering, the initiative has provided students with hands-on learning experiences and access to cutting edge resources, fostering a new generation of innovators. Additionally, the programs successful launch of Techstars Startup Weekends has built a vibrant community around entrepreneurship, encouraging the development of innovative ideas and providing a platform for young entrepreneurs to collaborate and grow.

• Knox St. Studios, as a subrecipient of the SBA Community Navigator Program grant, played a crucial role in marketing outreach. This collaboration aims to foster a diverse, equitable, and innovative entrepreneurial ecosystem in Durham by uniting various organizations and grassroot leaders. The project leverages longstanding support from the City of Durham and Durham County, combined with Forward Cities national capacity-building expertise, to create a robust model for connecting the local economy.

As filed on the 2024 return.

Listed in Part VII

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.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type

form_990

Tax year

2024

Filed

13 November 2025

IRS schema version

2024v5.2

Source object

202640779349301829

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