Civic Intelligence

Onward a Legacy Foundation

990 • Fiscal year 2021 • EIN 26-0045741

Jan 01, 2021 to Dec 31, 2021 • Filed on Nov 09, 2022

PO Box 26Cortez, CO 81321

(970) 565-9200

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

52nd percentile

0.14x

Higher debt load relative to assets than 52% of similar nonprofits.

2021 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2021

Liabilities / Revenue

62nd percentile

0.27x

Higher debt load relative to revenue than 62% of similar nonprofits.

2021 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2021

Net Margin

82nd percentile

41%

Higher net margin than 82% of similar nonprofits.

2021 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2021

Top Officer Pay

24th percentile

$23,400

Higher top officer pay than 24% of similar nonprofits.

Top officer pay equals 0.8% of source-year revenue.

2021 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2021

Asset Growth

80th percentile

30%

Faster asset growth than 80% of similar nonprofits.

2021 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2020 to 2021

Revenue Growth

70th percentile

32%

Faster revenue growth than 70% of similar nonprofits.

2021 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2020 to 2021

Assets

Up

$5,517,184

Up $1,262,103 (+30%) from 2020

Net Assets

Up

$4,735,923

Up $1,197,085 (+34%) from 2020

Liabilities

Up

$781,261

Up $65,018 (+9.1%) from 2020

Revenue

Up

$2,913,041

Up $711,092 (+32%) from 2020

Expenses

Up

$1,715,956

Up $398,258 (+30%) from 2020

Net Income

Up

$1,197,085

Up $312,834 (+35%) from 2020

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$8.0M$6.0M$4.0M$2.0M$0Assets 2010: $729,669Liabilities 2010: $142,431Net Assets 2010: $587,2382010Assets 2011: $861,034Liabilities 2011: $194,574Net Assets 2011: $666,4602011Assets 2012: $1,770,093Liabilities 2012: $177,904Net Assets 2012: $1,592,1892012Assets 2013: $2,136,113Liabilities 2013: $356,695Net Assets 2013: $1,779,4182013Assets 2014: $2,285,299Liabilities 2014: $419,224Net Assets 2014: $1,866,0752014Assets 2015: $2,134,645Liabilities 2015: $397,525Net Assets 2015: $1,737,1202015Assets 2016: $2,568,808Liabilities 2016: $564,303Net Assets 2016: $2,004,5052016Assets 2017: $2,757,228Liabilities 2017: $602,181Net Assets 2017: $2,155,0472017Assets 2018: $3,364,855Liabilities 2018: $1,100,307Net Assets 2018: $2,264,5482018Assets 2019: $3,260,012Liabilities 2019: $605,425Net Assets 2019: $2,654,5872019Assets 2020: $4,255,081Liabilities 2020: $716,243Net Assets 2020: $3,538,8382020Assets 2021: $5,517,184Liabilities 2021: $781,261Net Assets 2021: $4,735,9232021Assets 2022: $5,693,377Liabilities 2022: $591,096Net Assets 2022: $5,102,2812022Assets 2023: $6,567,529Liabilities 2023: $669,309Net Assets 2023: $5,898,2202023Assets 2024: $7,978,527Liabilities 2024: $778,952Net Assets 2024: $7,199,5752024

Highlighted filing

2021

Assets$5,517,184
Liabilities$781,261
Net Assets$4,735,923

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$6.0M$4.0M$2.0M$0-$2.0MExpenses 2010: $471,0352010Expenses 2011: $506,3112011Expenses 2012: $327,7692012Revenue 2013: $605,516Expenses 2013: $418,287Net Income 2013: $187,2292013Revenue 2014: $479,851Expenses 2014: $393,194Net Income 2014: $86,6572014Revenue 2015: $280,753Expenses 2015: $409,708Net Income 2015: -$128,9552015Revenue 2016: $688,149Expenses 2016: $420,764Net Income 2016: $267,3852016Revenue 2017: $615,903Expenses 2017: $465,361Net Income 2017: $150,5422017Revenue 2018: $1,082,196Expenses 2018: $972,695Net Income 2018: $109,5012018Revenue 2019: $2,011,121Expenses 2019: $1,621,082Net Income 2019: $390,0392019Revenue 2020: $2,201,949Expenses 2020: $1,317,698Net Income 2020: $884,2512020Revenue 2021: $2,913,041Expenses 2021: $1,715,956Net Income 2021: $1,197,0852021Revenue 2022: $3,597,468Expenses 2022: $2,572,635Net Income 2022: $1,024,8332022Revenue 2023: $4,158,533Expenses 2023: $3,781,548Net Income 2023: $376,9852023Revenue 2024: $5,147,847Expenses 2024: $3,846,492Net Income 2024: $1,301,3552024

Highlighted filing

2021

Revenue$2,913,041
Expenses$1,715,956
Net Income$1,197,085
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Nov 9, 2022
Return Version
2021v4.0
Gross Receipts
$2,968,508
Mission and Program Overview

Mission

Onward! Is a tax-exempt, non-profit community foundation organized for public charity purposes. Onward!'s mission is to provide opportunities to develop and maintain a sustainable resource base that will enhance the quality of life for residents in the four corners' communities.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$2,825,385$3,572,693▲ $747,308
Cash and Non-Interest-Bearing Accounts$581,375$863,331▲ $281,956
Land, Buildings, and Equipment, Net$369,371$783,109▲ $413,738
Pledges and Grants Receivable$183,737$120,321▼ $63,416
Investments Other Securities$68,435$61,065▼ $7,370
Savings and Temporary Cash Investments$190,223$39,574▼ $150,649
Accounts Receivable$5,983$38,303▲ $32,320
Other Notes and Loans Receivable, Net$23,247$28,323▲ $5,076
Prepaid Expenses and Deferred Charges$7,325$10,465▲ $3,140
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Program Related-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$4,255,081$5,517,184▲ $1,262,103
Other Assets Total-$0-
Liabilities
Other Liabilities$660,622$567,740▼ $92,882
Deferred Revenue-$151,868-
Accounts Payable and Accrued Expenses$55,621$61,653▲ $6,032
Total Liabilities$716,243$781,261▲ $65,018
Net Assets / Fund Balance
Net Assets With Donor Restrictions$3,281,084$4,635,343▲ $1,354,259
Net Assets Without Donor Restrictions$257,754$100,580▼ $157,174
Total Net Assets Fund Balance$3,538,838$4,735,923▲ $1,197,085
Total Liabilities and Net Assets / Fund Balance$4,255,081$5,517,184▲ $1,262,103

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$328,737$30,686$359,423
Land$311,066-$311,066
Buildings$143,306$3,999$147,305
Other Securities$37,962--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2021$615,222$20,587▲ $112,064-$681,284
2020$599,503$15,912▲ $22,756-$615,222
2019$516,831$18,649▲ $89,754-$599,503
2018$499,851$99,022▼ $41,514-$516,831
2017$473,519$800▲ $58,536$584$499,851
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Charles R Forth JrExecutive DirectorPT$23,400$23,400

Board Members and Trustees

NameTitle
Pete MontanoPresident
Mb McafeeVice President
David Coit JrDirector
Jessie Farias JrDirector
Laura HerrickDirector
Rebecca SamulskiDirector
Robby HenesSecretary
Youvonne NeeleyTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$2,169,515
Program Service Revenue
$43,486
Investment Income
$553,894
Other Revenue
$146,146
All Other Contributions
$1,257,758
Change in Net Assets
$1,197,085

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,844,371
Revenue Not Reported on Financial Statements
$68,670
Other Revenue Adjustments
$68,670
Total Revenue per Audited Statements
$2,844,371
Total Revenue per Form 990
$2,913,041
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$854,132
Other Expenses$564,058
Grants and Similar Amounts Paid$297,766
Total Fundraising Expense$8,622
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$712,686$45,257-$757,943
Grants to Domestic Orgs$229,246--$229,246
Fees for Services Management$68,670--$68,670
Grants to Domestic Individuals$68,520--$68,520
Payroll Taxes$59,731$7,613$668$68,012
Occupancy$43,912$3,180-$47,092
Depreciation Depletion$32,185--$32,185
Current Officers, Directors, Trustees, and Key Employees-$15,678$7,722$23,400
Travel$19,663--$19,663
Insurance$10,953$1,702-$12,655
Other Expenses$7,816$4,234-$12,050
Office Expenses$9,472$2,565-$12,037
All Other Expenses$5,218$6,067-$11,285
Fees for Services Accounting-$11,250-$11,250
Information Technology$8,010$1,949-$9,959
Pension Plan Contributions$3,795$750$232$4,777
Total Functional Expenses$1,601,308$106,026$8,622$1,715,956

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$1,715,956
Expenses per Audited Statements$1,647,286
Total Expenses per Audited Statements$1,647,286
Expenses Not Reported on Financial Statements$68,670
Other Expense Adjustments$68,670
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Grants under 5000Cortez, CO3General operations and projects$100,294
Cortez Animal ShelterCortez, CO3General operations$30,000
LOR FoundationWest Chester, PA3Grants for Cortez area projects$21,127
RockDove Creek, CO3General operations$20,490
Bridge Emergency ShltrCortez, CO3Support Emergency Shelter$20,000
Ksjd Community RadioCortez, CO3GRANTS FOR OPERATIONS and theatre$11,500
La Plata Family CtrDurango, CO3General operations$10,235
Four Corners Child AdvocacyCortez, CO3General operations$8,000
Community Fdn Serving SW CODurango, CO3Pass-through grant$6,000
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$57,058
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Fundraising Events$57,058$57,058-$57,058
Total Events$57,058$57,058-$57,058
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Forth Associates PCRelated PartyAccounting ServicesNo$3,150

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Agency Funds Payable$515,166
CRUT Payable$52,574
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
Yes
Business relationship with family members
No
Business relationship with organization members
Yes
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 2: Description of Business or Family Relationship of Officers, Directors, Et

The President is the father-in-law of the Executive Director. He recuses himself on any votes regarding the compensation of the Executive Director.

Form 990, Part VI, Line 11B: Form 990 Review Process

Form 990 is provided to the board either at a board meeting or via email and reviewed by the president before the president signs the 990.

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

Every year each board member and key employees complete a conflict of interest disclosure.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

Available upon request at the office.

Filing and Contact Details

Filer

Filer Name
Onward a Legacy Foundation
EIN
26-0045741
Phone
9705659200
Address
PO BOX 26, CORTEZ, CO 81321

Signing Officer

Name
Pete Montano
Title
President
Phone
9705602971
Signed
2022-11-09
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Charles R Forth Jr
Formed
2002
Legal Domicile
Co
Voting Board Members
8
Independent Board Members
8
Employees
129
Volunteers
80

Preparer

Firm
Forth & Associates Pc
Address
33 N CHESTNUT ST, CORTEZ, CO 81321
Preparer
Charles R Forth Jr
Phone
9705659200
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 4D: Other Program Services Description

OTHER PROGRAM SERVICES 4: ADMINISTRATION OF 29 FISCAL FUNDS. THE LARGEST FUNDS ARE RELATED TO School Community Youth, after school programs, Canyon lands preservation/education and orchard restoration. OTHER PROGRAM SERVICES 5: ADMINISTRATION OF 12 MISCELLANEOUS SPECIAL INTEREST FUNDS. OTHER PROGRAM SERVICES 6: ADMINISTRATION OF 10 AGENCY FUNDS. ONWARD INVESTS FUNDS ON BEHALF OF THESE DIFFERENT NON-PROFITS FOR VARIOUS PURPOSES, INCLUDING RESERVE FUNDS, BUILDING FUNDS AND LONG-TERM STRATEGIC FUNDS.

Financial Statement Notes

Part V, Line 4: Intended uses of the endowment fund.

All endowment funds intend to pay out earnings to support program costs for beneficial non-profits and charitable causes once specific criteria of each fund, set by the fund advisory committees, are met.

Part X : FIN48 Footnote

FIN 48 FootnoteThe Organization is exempt from federal income taxes under Section 501(c)(3) of the Internal Revenue Code and therefore has not recorded any provision for federal income taxes in the accompanying financial statements. In addition, the Organization has been determined by the Internal Revenue Service (IRS) not to be a private foundation within the meaning of Section 509(a) of the Internal Revenue Code. The Organization did not have any unrelated business income for the year ended December 31, 2021.The Organizations Form 990 or 990-EZ, Return of Organization Exempt from Income Tax, for the years ending December 31, 2020, 2019, and 2018 are subject to examination by the IRS, generally for three years after they were filed. Generally accepted accounting principles require tax effects from an uncertain tax position to be recognized in the financial statements only if the position is more likely than not to be sustained if the position were to be challenged by a taxing authority. The assessment of the tax position is based solely on the technical merits of the position, without regard to the likelihood that the tax position may be challenged. If an uncertain tax position meets the more-likely-than not threshold, the largest amount of tax benefit that is greater than 50% likely to be recognized upon ultimate settlement with the taxing authority is recorded.The Organizations primary tax positions relate to its status as a not-for-profit entity exempt from income taxes and classifications of activities related to its exempt purpose. Management has evaluated the tax positions reflected in the Organizations tax filings and does not believe that any material uncertain tax positions exist.

Part XI, Line 4B: Other revenue amounts included on 990 but not included in F/S

Fund Management Fees $68670

Part XII, Line 4B: Other revenue amounts included on 990 but not included in F/S

Fund Management Fees $68670

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Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$7.98$0.78$7.20$5.15$3.85$1.30
2023Detailed filing. Detailed filing data is available for this year.$6.57$0.67$5.90$4.16$3.78$0.38
2022Detailed filing. Detailed filing data is available for this year.$5.69$0.59$5.10$3.60$2.57$1.02
2021Detailed filing. Detailed filing data is available for this year.$5.52$0.78$4.74$2.91$1.72$1.20
2020Detailed filing. Detailed filing data is available for this year.$4.26$0.72$3.54$2.20$1.32$0.88
2019Detailed filing. Detailed filing data is available for this year.$3.26$0.61$2.65$2.01$1.62$0.39
2018Detailed filing. Detailed filing data is available for this year.$3.36$1.10$2.26$1.08$0.97$0.11
2017Detailed filing. Detailed filing data is available for this year.$2.76$0.60$2.16$0.62$0.47$0.15
2016Detailed filing. Detailed filing data is available for this year.$2.57$0.56$2.00$0.69$0.42$0.27
2015Detailed filing. Detailed filing data is available for this year.$2.13$0.40$1.74$0.28$0.41$0.13
2014Detailed filing. Detailed filing data is available for this year.$2.29$0.42$1.87$0.48$0.39$0.09
2013Detailed filing. Detailed filing data is available for this year.$2.14$0.36$1.78$0.61$0.42$0.19
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.77$0.18$1.59$0.33
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.86$0.19$0.67$0.51
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.73$0.14$0.59$0.47