Civic Intelligence

Fwdus Inc

990 • Fiscal year 2023 • EIN 46-2223015

Jan 01, 2023 to Dec 31, 2023 • Filed on Nov 12, 2024

PO Box 34506Washington, DC 20043

(415) 589-1222

Siviq Scores

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

Liabilities / Assets

41st percentile

0.09x

Higher debt load relative to assets than 41% of similar nonprofits.

2023 filings • 501(c)4 • $50M-$100M nonprofits • Source year 2023

Liabilities / Revenue

35th percentile

0.15x

Higher debt load relative to revenue than 35% of similar nonprofits.

2023 filings • 501(c)4 • $50M-$100M nonprofits • Source year 2023

Net Margin

84th percentile

57%

Higher net margin than 84% of similar nonprofits.

2023 filings • 501(c)4 • $50M-$100M nonprofits • Source year 2023

Top Officer Pay

80th percentile

$505,809

Higher top officer pay than 80% of similar nonprofits.

Top officer pay equals 1.3% of source-year revenue.

2023 filings • 501(c)4 • $50M-$100M nonprofits • Source year 2023

Asset Growth

89th percentile

54%

Faster asset growth than 89% of similar nonprofits.

2023 filings • 501(c)4 • $50M-$100M nonprofits • Annualized from 2022 to 2023

Revenue Growth

99th percentile

1450%

Faster revenue growth than 99% of similar nonprofits.

2023 filings • $50M-$100M nonprofits • Annualized from 2022 to 2023

Assets

Up

$60,051,184

Up $21,135,691 (+54%) from 2022

Net Assets

Up

$54,420,490

Up $21,878,898 (+67%) from 2022

Liabilities

Down

$5,630,694

Down $743,207 (-12%) from 2022

Revenue

Up

$37,497,725

Up $35,078,939 (+1450%) from 2022

Expenses

Down

$15,965,095

Down $5,801,172 (-27%) from 2022

Net Income

Up

$21,532,630

Up $40,880,111 (+211%) from 2022

Historical Trend

Balance Sheet Trend

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

$80M$60M$40M$20M$0Assets 2015: $7,409,893Liabilities 2015: $301,195Net Assets 2015: $7,108,6982015Assets 2017: $3,857,455Liabilities 2017: $4,086Net Assets 2017: $3,853,3692017Assets 2018: $9,201,868Liabilities 2018: $27,728Net Assets 2018: $9,174,1402018Assets 2019: $25,930,545Liabilities 2019: $1,516,685Net Assets 2019: $24,413,8602019Assets 2020: $26,057,638Liabilities 2020: $2,606,149Net Assets 2020: $23,451,4892020Assets 2021: $54,494,409Liabilities 2021: $2,284,750Net Assets 2021: $52,209,6592021Assets 2022: $38,915,493Liabilities 2022: $6,373,901Net Assets 2022: $32,541,5922022Assets 2023: $60,051,184Liabilities 2023: $5,630,694Net Assets 2023: $54,420,4902023Assets 2024: $55,230,657Liabilities 2024: $5,516,760Net Assets 2024: $49,713,8972024

Highlighted filing

2023

Assets$60,051,184
Liabilities$5,630,694
Net Assets$54,420,490

Operations Trend

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

$100M$50M$0-$50MRevenue 2015: $9,139,195Expenses 2015: $16,268,791Net Income 2015: -$7,129,5962015Revenue 2017: $4,800,877Expenses 2017: $12,245,707Net Income 2017: -$7,444,8302017Revenue 2018: $25,224,937Expenses 2018: $19,915,949Net Income 2018: $5,308,9882018Revenue 2019: $27,861,143Expenses 2019: $20,911,878Net Income 2019: $6,949,2652019Revenue 2020: $24,963,103Expenses 2020: $25,270,028Net Income 2020: -$306,9252020Revenue 2021: $65,150,482Expenses 2021: $36,502,920Net Income 2021: $28,647,5622021Revenue 2022: $2,418,786Expenses 2022: $21,766,267Net Income 2022: -$19,347,4812022Revenue 2023: $37,497,725Expenses 2023: $15,965,095Net Income 2023: $21,532,6302023Revenue 2024: $12,736,177Expenses 2024: $17,927,363Net Income 2024: -$5,191,1862024

Highlighted filing

2023

Revenue$37,497,725
Expenses$15,965,095
Net Income$21,532,630
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Nov 12, 2024
Return Version
2023v5.1
Gross Receipts
$37,497,725
Mission and Program Overview

Mission

Support comprehensive immigration reform, improve quality of american education and encourage more investment in scientific innovation.

Fwd.us, inc. Organizes constituencies around the country to support policy changes that create opportunity and unlock america's potential through comprehensive immigration reform and criminal justice reform.

Balance Sheet Detail
LineBeginningEndChange
Assets
Pledges and Grants Receivable$18,000,000$24,478,272▲ $6,478,272
Investments in Publicly Traded Securities$3,314,444$12,530,426▲ $9,215,982
Cash and Non-Interest-Bearing Accounts$3,966,701$2,448,933▼ $1,517,768
Savings and Temporary Cash Investments$4,741,255$1,392,249▼ $3,349,006
Land, Buildings, and Equipment, Net$574,843$472,822▼ $102,021
Prepaid Expenses and Deferred Charges$474,899$393,967▼ $80,932
Accounts Receivable$64,783$90,537▲ $25,754
Total Assets$38,915,493$60,051,184▲ $21,135,691
Other Assets Total$7,778,568$18,243,978▲ $10,465,410
Liabilities
Other Liabilities$4,558,101$4,228,426▼ $329,675
Accounts Payable and Accrued Expenses$1,765,800$1,402,268▼ $363,532
Grants Payable$50,000--
Total Liabilities$6,373,901$5,630,694▼ $743,207
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$14,416,592$29,817,218▲ $15,400,626
Net Assets With Donor Restrictions$18,125,000$24,603,272▲ $6,478,272
Total Net Assets Fund Balance$32,541,592$54,420,490▲ $21,878,898
Total Liabilities and Net Assets / Fund Balance$38,915,493$60,051,184▲ $21,135,691

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$170,715$248,080$418,795
Leasehold Improvements$302,107$99,727$401,834
Other Assets Org$3,557,748--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Mark DelichDirector of CongressionalFT$252,754$60,991$313,745
Todd SchultePresidentPT$265,137$27,974$293,111
Zoe TownsSr. Director of Criminal Justice RefPT$219,009$28,784$247,793
Alida GarciaVP of Advocacy & SecretaryPT$194,873$35,471$230,344
Elissa JohnsonVP Criminal Justice CampaignsPT$168,975$21,214$190,189
Christopher CogerHead of TechnologyPT$151,199$30,594$181,793
Tiffany LawrenceVP Chief Hr OfficerPT$135,135$25,126$160,261
Bina SurgeonCOO & TreasurerPT$123,251$16,363$139,614
Lorella PraeliDirector-$24,584$16,250$40,834

Board Members and Trustees

NameTitle
Andrew PincusDirector
David PlouffeDirector
Jordan FoxDirector

Highest Paid Contractors

ContractorServicesLocationCompensation
Plus Communications LLCGrassroots/grasstops Organizing, Comms &PO BOX 16504, Alexandria, VA 22302$1,354,397
Covington & Burling LLPLegalONE CITYCENTER 850 TENTH STREET NW, Washington, DC 20001$317,964
Juking The StatspatronageWebsite - Engineering, Design & Developm769 LAKEVIEW WAY, Redwood City, CA 94062$258,538
Asgk Public Strategies LLC Dba KivvitCommunications222 W MERCHANDISE MART PLAZA SUITE, Chicago, IL 60654$226,250
Moriarty LLCCommunications5245 VISTA BLVD STE 53-107, Sparks, NV 89436$158,310
Revenue and Support

Revenue Composition

Contributions and Grants
$36,750,272
Program Service Revenue
$0
Investment Income
$622,131
Other Revenue
$125,322
All Other Contributions
$5,187,166
Change in Net Assets
$21,532,630
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$7,525,837
Salaries, Compensation, and Employee Benefits$7,231,300
Grants and Similar Amounts Paid$1,191,958
Total Fundraising Expense$137,939
Professional Fundraising Fees$16,000

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$4,119,139$925,219$50,841$5,095,199
Fees for Services Other$2,851,956$320,512-$3,172,468
Grants to Domestic Orgs$1,191,958--$1,191,958
Fees for Services Lobbying$799,489--$799,489
Information Technology$574,945$191,842$4,497$771,284
Other Employee Benefits$598,143$137,996$9,008$745,147
Travel$504,870$196,355-$701,225
Current Officers, Directors, Trustees, and Key Employees$464,148$190,351$33,153$687,652
Occupancy$530,125$125,518$9,416$665,059
Payroll Taxes$320,554$75,898$5,694$402,146
Fees for Services Legal$1,020$355,851-$356,871
Pension Plan Contributions$242,557$55,259$3,340$301,156
Office Expenses$211,793$49,951$3,747$265,491
Conferences and Meetings$142,427$78,706$19$221,152
Advertising$148,549--$148,549
Depreciation Depletion$98,824$23,399$1,755$123,978
Fees for Services Accounting-$86,341-$86,341
Fees for Service Investment Mgmnt Fees-$70,894-$70,894
Other Expenses$26,387$18,251$469$18,251
Fees for Services Professional Fundraising--$16,000$16,000
Total Functional Expenses$12,883,549$2,943,607$137,939$15,965,095
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Coalition for the American DreamWashington, DC501(c)4Immigration Advocacy Grant$150,000
Texas Public Policy FoundationAustin, TX501(c)3Criminal Justice Advocacy Grant$150,000
Votevets Action FundWashington, DC501(c)4Immigration Advocacy Grant$125,000
Texas Nursery & Landscape AssociationAustin, TX501(c)6Immigration Advocacy Grant$90,000
Naacp - Ms State ConferenceJackson, MS501(c)4Criminal Justice Advocacy Grant$77,500
New York State Immigrant Action FundNew York, NY501(c)4Immigration Advocacy Grant$75,000
Empower Mississippi FoundationRidgeland, MS501(c)3Criminal Justice Advocacy Grant$70,000
Center for Community AlternativesSyracuse, NY501(c)3Criminal Justice Advocacy Grant$63,000
New York Communities for ChangeBrooklyn, NY501(c)4Criminal Justice Advocacy Grant$57,000
National Council Freeher NetworkRoxbury, MA501(c)4Criminal Justice Advocacy Grant$50,000
American Conservative UnionAlexandria, VA501(c)4Criminal Justice Advocacy Grant$30,000
Congressional Hispanic Caucus InstituteWashington, DC501(c)3Immigration Advocacy Grant$30,000
North Texas CommissionIrving, CA501(c)6Immigration Advocacy Grant$30,000
Texas Business Leadership CouncilAustin, TX501(c)6Immigration Advocacy Grant$30,000
Greater Houston PartnershipHouston, TX501(c)6Immigration Advocacy Grant$20,000
Rio Grand Valley PartnershipWeslaco, TX501(c)6Immigration Advocacy Grant$20,000
Texas Association of BusinessAustin, TX501(c)6Immigration Advocacy Grant$20,000
Georgia Hispanic Chamber of CommerceAtlanta, GA501(c)6Immigration Advocacy Grant$16,500
Latin American AssociationAtlanta, GA501(c)3Immigration Advocacy Grant$10,000
Moveonorg Civic ActionBerkeley, CA501(c)4Immigration Advocacy Grant$10,000
San Antonio Hispanic Chamber of CommernceSan Antonio, TX501(c)6Immigration Advocacy Grant$10,000
Texas Retailers AssociationAustin, TX501(c)6Immigration Advocacy Grant$10,000
Masa Group LLCWashington, DCLLC (s Corp)Immigration Advocacy Grant$8,000
The Business Council of New York State IncAlbany, NY501(c)6Immigration Advocacy Grant$7,000
Colorado Business RoundatbleGreenwood Village, CO501(c)6Immigration Advocacy Grant$6,500
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
Yes

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$16,000
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Lease Liablity$4,228,426
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 1A

The organization has two classes of directors. Certain actions may not be taken without the prior written consent or affirmative vote of one of the classes.

Form 990, Part VI, Section A, Line 6

Fwd.us has one class of voting members within the meaning of delaware general corporation law and one member within that class.

Form 990, Part VI, Section A, Line 7A

The sole member of the organization may appoint two of the organization's directors.

Form 990, Part VI, Section A, Line 7B

The sole member of the organization may appoint two of the organization's directors and remove the directors.

Form 990, Part VI, Section A, Line 8B

The organization does not have any committees with authority to act on behalf of the board.

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

The return will be reviewed by the president, chief operating officer, legal counsel, the audit committee, and copies provided to all directors of the organization prior to submitting to the internal revenue service.

Form 990, Part VI, Section B, Line 12C

The board of directors is responsible for monitoring compliance with the conflict of interest policy. The policy applies to each director, officer, member of a committee with board-delegated powers, and key employee. The president reviews the transaction and in the event of a potential conflict of interest, advises the board of directors of appropriate action with regard to the conflict. A potentially conflicted person may make a presentation at the board or committee meeting where the matter is deliberated, but after such presentation, he/she must leave the meeting during the discussion of, and the vote on, the transaction or arrangement that results in the possible conflict of interest.

Form 990, Part VI, Section B, Line 15

The board of directors reviewed and approved the president's salary after considering executive salary levels at comparable organizations. In addition, the board of directors review compensation for other officers and certain key employees. The decision making includes contemporaneous substaniation of the deliberation. The process described here was last completed in 2023.

Form 990, Part VI, Section C, Line 19

The organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Fwdus Inc
EIN
46-2223015
Phone
4155891222
Address
PO BOX 34506, WASHINGTON, DC 20043

Signing Officer

Name
Bina Surgeon
Title
COO & Treasurer
Phone
4155891222
Signed
2024-11-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Todd Schulte
Formed
2013
Legal Domicile
De
Voting Board Members
4
Independent Board Members
3
Employees
87
Volunteers
3

Preparer

Firm
Cliftonlarsonallen Llp
Address
901 NORTH GLEBE ROAD SUITE 200, ARLINGTON, VA 22203
Preparer
Robert Williams
Phone
5712279500
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

Grassroots, grasstops, and coalition organizing: program service expenses 292,750. Management and general expenses 0. Fundraising expenses 0. Total expenses 292,750. Research and polling: program service expenses 124,000. Management and general expenses 0. Fundraising expenses 0. Total expenses 124,000. Community development, design, and research: program service expenses 1,448,201. Management and general expenses 110,022. Fundraising expenses 0. Total expenses 1,558,223. Policymaker contact tools: program service expenses 43,368. Management and general expenses 45,832. Fundraising expenses 0. Total expenses 89,200. Communications: program service expenses 943,637. Management and general expenses 115,000. Fundraising expenses 0. Total expenses 1,058,637. Staff training, management coaching, other: program service expenses 0. Management and general expenses 49,658. Fundraising expenses 0. Total expenses 49,658.

Financial Statement Notes

PART X, LINE 2:

No provision for income taxes is required as of december 31, 2023 and 2022, as the organization had no net unrelated business income. The organization's tax returns are subject to review and examination by federal and state authorities. The organization is not aware of any activities that would jeopardize its tax exempt status.

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IRS990/ActivityOrMissionDesc0FWD.US, INC. ORGANIZES CONSTITUENCIES AROUND THE COUNTRY TO SUPPORT POLICY CHANGES THAT CREATE OPPORTUNITY AND UNLOCK AMERICA'S POTENTIAL THROUGH COMPREHENSIVE IMMIGRATION REFORM AND CRIMINAL JUSTICE REFORM.
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0NO PROVISION FOR INCOME TAXES IS REQUIRED AS OF DECEMBER 31, 2023 AND 2022, AS THE ORGANIZATION HAD NO NET UNRELATED BUSINESS INCOME. THE ORGANIZATION'S TAX RETURNS ARE SUBJECT TO REVIEW AND EXAMINATION BY FEDERAL AND STATE AUTHORITIES. THE ORGANIZATION IS NOT AWARE OF ANY ACTIVITIES THAT WOULD JEOPARDIZE ITS TAX EXEMPT STATUS.

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