Civic Intelligence

Fwdus Inc

990 • Fiscal year 2024 • EIN 46-2223015

Jan 01, 2024 to Dec 31, 2024 • Filed on Nov 14, 2025

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

45th percentile

0.10x

Higher debt load relative to assets than 45% of similar nonprofits.

2024 filings • 501(c)4 • $50M-$100M nonprofits • Source year 2024

Liabilities / Revenue

64th percentile

0.43x

Higher debt load relative to revenue than 64% of similar nonprofits.

2024 filings • 501(c)4 • $50M-$100M nonprofits • Source year 2024

Net Margin

8th percentile

-41%

Higher net margin than 8% of similar nonprofits.

2024 filings • 501(c)4 • $50M-$100M nonprofits • Source year 2024

Top Officer Pay

82nd percentile

$515,833

Higher top officer pay than 82% of similar nonprofits.

Top officer pay equals 4.1% of source-year revenue.

2024 filings • 501(c)4 • $50M-$100M nonprofits • Source year 2024

Asset Growth

15th percentile

-8.0%

Faster asset growth than 15% of similar nonprofits.

2024 filings • 501(c)4 • $50M-$100M nonprofits • Annualized from 2023 to 2024

Revenue Growth

4th percentile

-66%

Faster revenue growth than 4% of similar nonprofits.

2024 filings • 501(c)4 • $50M-$100M nonprofits • Annualized from 2023 to 2024

Assets

Down

$55,230,657

Down $4,820,527 (-8.0%) from 2023

Net Assets

Down

$49,713,897

Down $4,706,593 (-8.6%) from 2023

Liabilities

Down

$5,516,760

Down $113,934 (-2.0%) from 2023

Revenue

Down

$12,736,177

Down $24,761,548 (-66%) from 2023

Expenses

Up

$17,927,363

Up $1,962,268 (+12%) from 2023

Net Income

Down

-$5,191,186

Down $26,723,816 (-124%) from 2023

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

2024

Assets$55,230,657
Liabilities$5,516,760
Net Assets$49,713,897

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

2024

Revenue$12,736,177
Expenses$17,927,363
Net Income-$5,191,186
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 14, 2025
Return Version
2024v5.2
Gross Receipts
$12,736,177
Mission and Program Overview

Mission

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
Investments in Publicly Traded Securities$12,530,426$23,816,975▲ $11,286,549
Savings and Temporary Cash Investments$1,392,249$11,099,727▲ $9,707,478
Cash and Non-Interest-Bearing Accounts$2,448,933$3,361,940▲ $913,007
Prepaid Expenses and Deferred Charges$393,967$428,329▲ $34,362
Pledges and Grants Receivable$24,478,272$400,000▼ $24,078,272
Land, Buildings, and Equipment, Net$472,822$298,561▼ $174,261
Accounts Receivable$90,537$115,163▲ $24,626
Total Assets$60,051,184$55,230,657▼ $4,820,527
Other Assets Total$18,243,978$15,709,962▼ $2,534,016
Liabilities
Other Liabilities$4,228,426$3,176,598▼ $1,051,828
Accounts Payable and Accrued Expenses$1,402,268$2,340,162▲ $937,894
Total Liabilities$5,630,694$5,516,760▼ $113,934
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$29,817,218$34,191,898▲ $4,374,680
Net Assets With Donor Restrictions$24,603,272$15,521,999▼ $9,081,273
Total Net Assets Fund Balance$54,420,490$49,713,897▼ $4,706,593
Total Liabilities and Net Assets / Fund Balance$60,051,184$55,230,657▼ $4,820,527

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$75,250$352,098$427,348
Leasehold Improvements$223,311$178,523$401,834
Other Assets Org$2,579,147--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Todd SchultePresidentPT$297,538$35,434$332,972
Mark DelichDirector of CongressionalFT$261,169$58,428$319,597
Zoe TownsExecutive Director & SecretaryPT$258,379$31,664$290,043
Christopher CogerVP, Chief Digital OfficerPT$174,486$31,619$206,105
Tiffany LawrenceVP, Chief Hr OfficerPT$158,798$31,136$189,934
Bina SurgeonCOO & TreasurerPT$138,402$18,779$157,181
Juan PachonVP CommunicationsPT$142,563$12,739$155,302
Rena Karefa-johnsonVP, of National InitiativesPT$115,269$15,822$131,091
Lorella PraeliDirector-$16,250$16,250$32,500

Board Members and Trustees

NameTitle
Andrew PincusDirector
David PlouffeDirector
Jordan FoxDirector

Highest Paid Contractors

ContractorServicesLocationCompensation
Plus Communications LLCGrassroots/grasstops Organizing And CommPO BOX 16504, Alexandria, VA 22302$663,937
Juking The StatspatronageWebsite - Engineering, Design & Developm769 LAKEVIEW WAY, Redwood City, CA 94062$359,689
Precision StrategiesCommunications901 NEW YORK AVE NW SUITE 530, Washington, DC 20001$348,216
Inclusv LLCStragetic Consulting13654 VICTORY BOULEVARD BOX 391 LO, Los Angeles, CA 91401$312,000
Covington & Burling LLPLegalONE CITYCENTER 850 TENTH STREET NW, Washington, DC 20001$297,526
Revenue and Support

Revenue Composition

Contributions and Grants
$12,175,691
Program Service Revenue
$0
Investment Income
$551,679
Other Revenue
$8,807
All Other Contributions
$6,653,959
Change in Net Assets
$-5,191,186
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$9,468,627
Salaries, Compensation, and Employee Benefits$7,869,236
Grants and Similar Amounts Paid$589,500
Total Fundraising Expense$134,613
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$4,298,827$1,049,570$70,009$5,418,406
Fees for Services Other$3,364,535$251,286-$3,615,821
Information Technology$739,438$193,743$6,457$939,638
Other Employee Benefits$678,603$164,615$11,680$854,898
Travel$466,943$374,335-$841,278
Current Officers, Directors, Trustees, and Key Employees$640,407$136,534$19,505$796,446
Occupancy$629,672$151,892$11,341$792,905
Grants to Domestic Orgs$589,500--$589,500
Fees for Services Lobbying$554,924--$554,924
Fees for Services Legal-$493,735-$493,735
Payroll Taxes$352,524$85,037$6,349$443,910
Pension Plan Contributions$282,206$68,591$4,779$355,576
Conferences and Meetings$242,349$63,589$7$305,945
Advertising$247,268--$247,268
Office Expenses$159,258$64,582$2,769$226,609
Fees for Services Accounting-$124,587-$124,587
Depreciation Depletion$80,427$19,401$1,449$101,277
Fees for Service Investment Mgmnt Fees-$70,289-$70,289
Insurance$14,860$3,585$268$18,713
Other Expenses$17,138$16,160-$16,160
Total Functional Expenses$13,378,219$4,414,531$134,613$17,927,363
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
House Majority ForwardWashington, DC501(c)4Immigration Education Grant$60,000
Texas Restaurant AssociationAustin, TX501(c)6Immigration Advocacy Grant$50,000
Church World Service IncElkhart, IN501(c)3Immigration Advocacy Grant$40,000
Texas Nursery & Landscape AssociationAustin, TX501(c)6Immigration Advocacy Grant$40,000
Texas Association of BusinessAustin, TX501(c)6Immigration Advocacy Grant$35,000
North Texas CommissionIrving, TX501(c)6Immigration Advocacy Grant$30,000
Texas Business Leadership CouncilAustin, TX501(c)6Immigration Advocacy Grant$30,000
Center for Community Alternatives IncSyracuse, NY501(c)3Criminal Justice Advocacy Grant$25,000
Collective FutureWashington, DC501(c)4Criminal Justice Advocacy Grant$25,000
Defending Democracy Together InstituteWashington, DC501(c)3Immigration Advocacy Grant$25,000
Momsrising TogetherBaltimore, MD501(c)4Immigration Advocacy Grant$25,000
National Redistricting Action FundChicago, IL501(c)4Immigration Advocacy Grant$25,000
Greater Houston PartnershipHouston, TX501(c)6Immigration Advocacy Grant$20,000
Kairos Democracy FundThe Bronx, NY501(c)3Criminal Justice Advocacy Grant$20,000
Rio Grande Valley PartnershipWeslaco, TX501(c)6Immigration Advocacy Grant$20,000
State Policy InstituteWashington, DC501(c)4Immigration Advocacy Grant$20,000
Fusion Partnerships IncBaltimore, MD501(c)3Criminal Justice Advocacy Grant$15,000
American Civil Liberties Union of MarylandBaltimore, MD501(c)4Criminal Justice Advocacy Grant$10,000
Austin Chamber of CommerceAustin, TX501(c)6Immigration Advocacy Grant$10,000
El Paso Chamber of CommerceEl Paso, TX501(c)6Immigration Advocacy Grant$10,000
Greater San Antonio Chamber of CommerceSan Antonio, TX501(c)6Immigration Advocacy Grant$10,000
Georgia Hispanic Chamber of CommerceAtlanta, GA501(c)6Immigration Advocacy Grant$7,000
Georgia Chamber of CommerceAtlanta, GA501(c)6Immigration Advocacy Grant$6,500
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
Yes
In-house lobbying only
No
Subject to proxy tax
No

Reported Spending and Taxes

Line ItemAmount
Political Expenditures$600,000
Section 527 Activity Spending$600,000
Total Exempt Function Spending$600,000
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Lease Liablity$3,176,598
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
Todd Schulte
Title
President
Phone
4155891222
Signed
2025-11-14
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
84
Volunteers
3

Preparer

Firm
Cliftonlarsonallen Llp
Address
950 NORTH GLEBE ROAD SUITE 1200, ARLINGTON, VA 22203
Preparer
Robert Williams
Phone
5712279500
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

Research and polling: program service expenses 134,500. Management and general expenses 0. Fundraising expenses 0. Total expenses 134,500. Community development, design, and research: program service expenses 2,471,987. Management and general expenses 54,000. Fundraising expenses 0. Total expenses 2,525,987. Policymaker contact tools: program service expenses 13,275. Management and general expenses 82,232. Fundraising expenses 0. Total expenses 95,507. Communications: program service expenses 744,773. Management and general expenses 90,000. Fundraising expenses 0. Total expenses 834,773. Staff training, management coaching, other: program service expenses 0. Management and general expenses 25,054. Fundraising expenses 0. Total expenses 25,054.

Financial Statement Notes

PART X, LINE 2:

No provision for income taxes is required as of december 31, 2024 and 2023, 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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IRS990/Desc0FWD.US, INC. BUILT A GRASSROOTS MOBILIZATION THAT CONNECTS HUNDREDS OF THOUSANDS OF AMERICANS THROUGH A TECHNOLOGY-BASED CAMPAIGN IN SUPPORT OF IMMIGRATION REFORM, AND IN SUPPORT FOR FIXING OUR BROKEN CRIMINAL JUSTICE SYSTEM THROUGH POLICY CHANGE AT THE STATE, FEDERAL, AND LOCAL LEVEL. THIS INCLUDED FACE-TO-FACE EVENTS, ON-LINE COMMUNICATIONS, EARNED MEDIA, PAID MEDIA AND COALITION BUILDING. IN ADDITION, FWD.US, INC. DEVELOPED ON-LINE TECHNOLOGY TO IMPROVE ITS COMMUNICATIONS, ITS PARTICIPANT'S COMMUNICATIONS WITH EACH OTHER, AND THE EFFECTIVENESS OF FWD.US, INC.'S GRASSROOTS MOBILIZATION.
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