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Nonprofiteer
← FORWARD FOUNDATION INC

Form 990 for tax year 2022

Filed by FORWARD FOUNDATION INC.

Totals

Total revenue
$407,249
Total expenses
$335,824
Contributions and grants received
$371,933
Grants paid
$0
Program service revenue
$99,486
Investment income
$0
Other revenue
-$64,170
Total assets, end of year
$1,997,790
Total liabilities, end of year
$205,332
Net assets or fund balances, end of year
$1,792,458
Program services expenses (Part IX)
$288,975
Management and general expenses
$46,849
Fundraising expenses
$0
Program service expenses (Part III)
$288,975

Program services were 86.0% 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.

  • 1c · Fundraising events

    $71,375

  • 1f · All other contributions, gifts and grants

    $300,558

  • 2a · Program service revenue: Rock Internship Fees

    total $90,221 · related or exempt $90,221

  • 2b · Program service revenue: Membership dues

    total $7,600 · related or exempt $7,600

  • 2c · Program service revenue: Event Admission Fees

    total $1,665 · related or exempt $1,665

  • 6a · Gross rents

    real property $58,560

  • 6b · Less rental expenses

    real property $52,886

  • 6c · Rental income or loss

    real property $5,674

  • 6d · Net rental income or loss

    total $5,674 · related or exempt $5,936 · unrelated business -$262

  • 8a · Fundraising events: gross income

    $0

  • 8a · Fundraising events: contributions included on line 1c

    $71,375

  • 8b · Fundraising events: direct expenses

    $69,844

  • 8c · Net income from fundraising events

    total -$69,844 · excluded -$69,844

Functional expenses

Part IX, the statement of functional expenses.

  • 11c · Fees: accounting

    total $9,935 · management and general $9,935

  • 11g · Fees: other

    total $11,521 · management and general $11,521

  • 16 · Occupancy

    total $25,393 · management and general $25,393

  • 24a · Other expenses: Downtown Development

    total $201,178 · program services $201,178

  • 24b · Other expenses: Rock County 5.0 expense

    total $87,797 · program services $87,797

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $16,388 · end of year $19,625

  • 2 · Savings and temporary cash investments

    beginning of year $493,460 · end of year $714,508

  • 3 · Pledges and grants receivable

    beginning of year $203,400 · end of year $77,250

  • 4 · Accounts receivable

    beginning of year $26,350 · end of year $3,150

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

    $1,430,209

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

    $246,952

  • 10c · Land, buildings and equipment, net

    beginning of year $1,186,778 · end of year $1,183,257

  • 17 · Accounts payable and accrued expenses

    beginning of year $7,123 · end of year $19,460

  • 19 · Deferred revenue

    beginning of year $899 · end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $197,321 · end of year $185,872

  • 27 · Net assets without donor restrictions

    beginning of year $567,295 · end of year $610,648

  • 28 · Net assets with donor restrictions

    beginning of year $1,153,738 · end of year $1,181,810

Mission and programs · 2022

Mission

The purpose is to encourage economic development by marketing and promoting activities aimed at attracting new industries to Janesville.

  • Economic Development: the purpose is to encourage economic development by marketing & promoting activities aimed at attracting new industries to janesville.

  • Downtown Development: the purpose is to encourage development of the downtown of janesville by marketing & promoting activities.

    Expenses $201,178 · Revenue $15,201

  • Rock County 5.0 Project: This is a joint-county effort to improve the economic condition of the area. This effort will consist of 5 economic development strategies - Business Retention & Expansion, Business & Investment Attraction, Real Estate Positioning, Small Business & Entrepreneurship, & Workforce Profiling.

    Expenses $87,797 · Revenue $90,221

  • Goodwill Ambassador Grants: Conduit to provide grants to local Non-Profit Entities from donations provied by Forward Janesville's Goodwill Ambassadors.

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Angela Pakes

    President

    Total calculated
    $158,648
    From this org
    $0
    From related orgs
    $141,396
    Other
    $17,252
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $140,872 related
    Bonus
    $0
    Other
    $0 + $524 related
    Deferred
    $0
    Nontaxable benefits
    $0 + $17,252 related
    Filer's total
    $0 + $158,648 related

  • Craig DeGarmo

    Director

    Total calculated
    $0
    Hours/week
    1

  • Larry Squire

    Director

    Total calculated
    $0
    Hours/week
    1

  • Barry Brandt

    Director (until 10/31/22)

    Total calculated
    $0
    Hours/week
    1

  • Sean Kennedy

    Director

    Total calculated
    $0
    Hours/week
    1 + 3 related

  • David Hiller

    Secretary/Treasurer

    Total calculated
    $0
    Hours/week
    1 + 3 related

  • Lynn Gardinier

    Past Chair

    Total calculated
    $0
    Hours/week
    1

  • Tim Lindau

    Chair

    Total calculated
    $0
    Hours/week
    1 + 3 related

  • Oakleigh Ryan

    Vice Chair

    Total calculated
    $0
    Hours/week
    1 + 3 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 organization's top management official is done by the following related organization: Forward Janesville, Inc.

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.

Provenance

Return type
form_990
Tax year
2022
Filed
16 January 2024
IRS schema version
2022v5.0
Source object
202440169349304874

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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