Civic Intelligence

Forward Foundation Inc.

990 • Fiscal year 2021 • EIN 39-1571083

Feb 29, 2020 to Feb 28, 2021 • Filed on Aug 03, 2021

14 S Jackson St No 200Janesville, WI 53548

(608) 757-3160

Siviq Scores

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

Liabilities / Assets

71st percentile

0.24x

Higher debt load relative to assets than 71% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Liabilities / Revenue

94th percentile

3.40x

Higher debt load relative to revenue than 94% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Net Margin

1st percentile

-243%

Higher net margin than 1% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Top Officer Pay

86th percentile

$160,814

Higher top officer pay than 86% of similar nonprofits.

Top officer pay equals 87.9% of source-year revenue.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Asset Growth

14th percentile

-4.4%

Faster asset growth than 14% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Revenue Growth

2nd percentile

-79%

Faster revenue growth than 2% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Assets

Down

$2,555,599

Down $116,340 (-4.4%) from 2020

Net Assets

Down

$1,933,550

Down $444,629 (-19%) from 2020

Liabilities

Up

$622,049

Up $328,289 (+112%) from 2020

Revenue

Down

$183,000

Down $670,046 (-79%) from 2020

Expenses

Down

$627,629

Down $284,891 (-31%) from 2020

Net Income

Down

-$444,629

Down $385,155 (-648%) from 2020

Historical Trend

Balance Sheet Trend

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

$4.0M$3.0M$2.0M$1.0M$0Assets 2011: $1,252,485Liabilities 2011: $338,146Net Assets 2011: $914,3392011Assets 2012: $1,252,259Liabilities 2012: $347,315Net Assets 2012: $904,9442012Assets 2013: $1,039,267Liabilities 2013: $328,560Net Assets 2013: $710,7072013Assets 2014: $840,782Liabilities 2014: $319,098Net Assets 2014: $521,6842014Assets 2015: $815,115Liabilities 2015: $306,725Net Assets 2015: $508,3902015Assets 2016: $982,733Liabilities 2016: $287,139Net Assets 2016: $695,5942016Assets 2017: $1,928,291Liabilities 2017: $283,137Net Assets 2017: $1,645,1542017Assets 2018: $3,853,608Liabilities 2018: $285,011Net Assets 2018: $3,568,5972018Assets 2019: $2,732,504Liabilities 2019: $294,851Net Assets 2019: $2,437,6532019Assets 2020: $2,671,939Liabilities 2020: $293,760Net Assets 2020: $2,378,1792020Assets 2021: $2,555,599Liabilities 2021: $622,049Net Assets 2021: $1,933,5502021Assets 2022: $1,926,376Liabilities 2022: $205,343Net Assets 2022: $1,721,0332022Assets 2023: $1,997,790Liabilities 2023: $205,332Net Assets 2023: $1,792,4582023Assets 2024: $2,344,364Liabilities 2024: $238,579Net Assets 2024: $2,105,7852024Assets 2025: $2,342,845Liabilities 2025: $213,678Net Assets 2025: $2,129,1672025

Highlighted filing

2021

Assets$2,555,599
Liabilities$622,049
Net Assets$1,933,550

Operations Trend

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

$4.0M$2.0M$0-$2.0MExpenses 2011: $178,1402011Revenue 2012: $141,381Expenses 2012: $150,776Net Income 2012: -$9,3952012Revenue 2013: $54,712Expenses 2013: $248,949Net Income 2013: -$194,2372013Revenue 2014: $18,709Expenses 2014: $207,732Net Income 2014: -$189,0232014Revenue 2015: $417,646Expenses 2015: $430,940Net Income 2015: -$13,2942015Revenue 2016: $291,334Expenses 2016: $104,131Net Income 2016: $187,2032016Revenue 2017: $1,148,194Expenses 2017: $198,634Net Income 2017: $949,5602017Revenue 2018: $2,136,596Expenses 2018: $213,153Net Income 2018: $1,923,4432018Revenue 2019: $2,006,997Expenses 2019: $3,137,941Net Income 2019: -$1,130,9442019Revenue 2020: $853,046Expenses 2020: $912,520Net Income 2020: -$59,4742020Revenue 2021: $183,000Expenses 2021: $627,629Net Income 2021: -$444,6292021Revenue 2022: $220,944Expenses 2022: $433,461Net Income 2022: -$212,5172022Revenue 2023: $407,249Expenses 2023: $335,824Net Income 2023: $71,4252023Revenue 2024: $978,936Expenses 2024: $665,609Net Income 2024: $313,3272024Revenue 2025: $356,970Expenses 2025: $333,588Net Income 2025: $23,3822025

Highlighted filing

2021

Revenue$183,000
Expenses$627,629
Net Income-$444,629
Jump To
Filing Snapshot
Filing Period
Feb 29, 2020 to Feb 28, 2021
Signed
Aug 3, 2021
Return Version
2020v4.1
Gross Receipts
$251,888
Mission and Program Overview

Mission

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

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$728,675$1,191,497▲ $462,822
Pledges and Grants Receivable$1,205,648$786,372▼ $419,276
Savings and Temporary Cash Investments$639,778$556,925▼ $82,853
Cash and Non-Interest-Bearing Accounts$21,999$10,969▼ $11,030
Accounts Receivable$75,839$9,836▼ $66,003
Total Assets$2,671,939$2,555,599▼ $116,340
Liabilities
Mortgage Notes Payable Secured by Investment Property$228,002$613,052▲ $385,050
Accounts Payable and Accrued Expenses$64,859$8,098▼ $56,761
Deferred Revenue$899$899→ $0
Total Liabilities$293,760$622,049▲ $328,289
Net Assets / Fund Balance
Net Assets With Donor Restrictions$1,853,087$1,414,268▼ $438,819
Net Assets Without Donor Restrictions$525,092$519,282▼ $5,810
Total Net Assets Fund Balance$2,378,179$1,933,550▼ $444,629
Total Liabilities and Net Assets / Fund Balance$2,671,939$2,555,599▼ $116,340

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$907,911$215,285$1,123,196
Land$283,586-$283,586
Compensation and Service Providers

Board Members and Trustees

NameTitle
Lynn GardinierChair
Sherri StumpfPast Chair
John BeckordPresident
Barry BrandtDirector
Craig DegarmoDirector
David BagleyDirector
David HillerDirector
Larry SquireDirector
Mitch BensonDirector
Rich GruberDirector
Tim LindauDirector
Tim WeberDirector
Oakleigh RyanTreasurer/secretary
Revenue and Support

Revenue Composition

Contributions and Grants
$194,009
Program Service Revenue
$0
Investment Income
$99
Other Revenue
$-11,108
All Other Contributions
$194,009
Change in Net Assets
$-444,629
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$627,629
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Accounting-$29,497-$29,497
Other Expenses$21,565--$21,565
Occupancy-$11,138-$11,138
Fees for Services Other-$552-$552
Total Functional Expenses$586,442$41,187$0$627,629
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$2,056
Fundraising Gross Income$0
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
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
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

A copy of the 990 will be provided to the board members for review

Form 990, Part VI, Section B, Line 15

The organization does not directly compensate any officers or directors.

Form 990, Part VI, Section C, Line 19

UPON REQUEST

Filing and Contact Details

Filer

Filer Name
Forward Foundation Inc
EIN
39-1571083
Phone
6087573160
Address
14 S JACKSON ST NO 200, JANESVILLE, WI 53548

Signing Officer

Name
John Beckord
Title
President
Phone
6087573160
Signed
2021-08-03
Discuss with paid preparer
Yes

Organization Details

Principal Officer
John Beckord
Formed
1986
Legal Domicile
Wi
Voting Board Members
12
Independent Board Members
12
Employees
0
Volunteers
0

Preparer

Firm
Rsm US Llp
Address
1252 BELL VALLEY ROAD SUITE 300, ROCKFORD, IL 61108
Preparer
David a Bagley
Phone
8152317400
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IRS990/ProgSrvcAccomActy3Grp/Desc0ROCK 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.
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IRS990/ProgSrvcAccomActyOtherGrp/Desc0GOODWILL AMBASSADOR GRANTS: CONDUIT TO PROVIDE GRANTS TO LOCAL NON-PROFIT ENTITIES FROM DONATIONS PROVIED BY FORWARD JANESVILLE'S GOODWILL AMBASSADORS.
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IRS990/PYContributionsGrantsAmt0867125
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
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IRS990/PYOtherExpensesAmt0912520
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IRS990/PYTotalExpensesAmt0912520
IRS990/PYTotalProfFndrsngExpnsAmt00
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IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0639778
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0556925
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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0920075
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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt01143996
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IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt046980
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt049520
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0266225
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt03040
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt0187
IRS990ScheduleA/OtherIncome170Grp/TotalAmt03227
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IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
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IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt02133020
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt01143996
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt06450066
IRS990ScheduleA/TotalSupportAmt06719518
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
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IRS990ScheduleD/BuildingsGrp/DepreciationAmt0215285
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt01123196
IRS990ScheduleD/LandGrp/BookValueAmt0283586
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0283586
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01191497
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt014097
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt04987
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt04999
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0JOHN BECKORD
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0PRESIDENT
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt0160814
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0A COPY OF THE 990 WILL BE PROVIDED TO THE BOARD MEMBERS FOR REVIEW
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION DOES NOT DIRECTLY COMPENSATE ANY OFFICERS OR DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0FORWARD JANESVILLE INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0390212060
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501 (C) (6)
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0BUSINESS CHAMBER OF COMMERCE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt014 S JACKSON STREET SUITE 200
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0JANESVILLE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0WI
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd053548
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd00
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd01
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd01
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0WI
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
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IRS990/TotalAssetsEOYAmt02555599
IRS990/TotalAssetsGrp/BOYAmt02671939
IRS990/TotalAssetsGrp/EOYAmt02555599
IRS990/TotalCompGreaterThan150KInd01
IRS990/TotalContributionsAmt0194009
IRS990/TotalEmployeeCnt00

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$2.34$0.21$2.13$0.36$0.33$0.02
2024Detailed filing. Detailed filing data is available for this year.$2.34$0.24$2.11$0.98$0.67$0.31
2023Detailed filing. Detailed filing data is available for this year.$2.00$0.21$1.79$0.41$0.34$0.07
2022Detailed filing. Detailed filing data is available for this year.$1.93$0.21$1.72$0.22$0.43$0.21
2021Detailed filing. Detailed filing data is available for this year.$2.56$0.62$1.93$0.18$0.63$0.44
2020Detailed filing. Detailed filing data is available for this year.$2.67$0.29$2.38$0.85$0.91$0.06
2019Detailed filing. Detailed filing data is available for this year.$2.73$0.29$2.44$2.01$3.14$1.13
2018Detailed filing. Detailed filing data is available for this year.$3.85$0.29$3.57$2.14$0.21$1.92
2017Detailed filing. Detailed filing data is available for this year.$1.93$0.28$1.65$1.15$0.20$0.95
2016Detailed filing. Detailed filing data is available for this year.$0.98$0.29$0.70$0.29$0.10$0.19
2015Detailed filing. Detailed filing data is available for this year.$0.82$0.31$0.51$0.42$0.43$0.01
2014Detailed filing. Detailed filing data is available for this year.$0.84$0.32$0.52$0.02$0.21$0.19
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.04$0.33$0.71$0.05$0.25$0.19
2012Summary only. Only limited summary data is available for this year.$1.25$0.35$0.90$0.14$0.15$0.01
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.25$0.34$0.91$0.18