Civic Intelligence

Ffwd

990 • Fiscal year 2017 • EIN 46-4626500

Jan 01, 2017 to Dec 31, 2017 • Filed on Aug 12, 2018

1014 Torney AvenueSan Francisco, CA 94129

(415) 952-5906

Siviq Scores

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

Liabilities / Assets

21st percentile

0.00x

Higher debt load relative to assets than 21% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Liabilities / Revenue

18th percentile

0.00x

Higher debt load relative to revenue than 18% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Net Margin

84th percentile

30%

Higher net margin than 84% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Top Officer Pay

84th percentile

$150,000

Higher top officer pay than 84% of similar nonprofits.

Top officer pay equals 7.9% of source-year revenue.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Asset Growth

90th percentile

47%

Faster asset growth than 90% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Revenue Growth

24th percentile

-6.4%

Faster revenue growth than 24% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Assets

Up

$1,647,966

Up $524,670 (+47%) from 2016

Net Assets

Up

$1,641,742

Up $566,963 (+53%) from 2016

Liabilities

Down

$6,224

Down $42,293 (-87%) from 2016

Revenue

Down

$1,891,136

Down $130,175 (-6.4%) from 2016

Expenses

Down

$1,324,173

Down $15,810 (-1.2%) from 2016

Net Income

Down

$566,963

Down $114,365 (-17%) from 2016

Historical Trend

Balance Sheet Trend

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

$15M$10M$5.0M$0Assets 2014: $216,266Liabilities 2014: $9,065Net Assets 2014: $207,2012014Assets 2015: $422,379Liabilities 2015: $28,928Net Assets 2015: $393,4512015Assets 2016: $1,123,296Liabilities 2016: $48,517Net Assets 2016: $1,074,7792016Assets 2017: $1,647,966Liabilities 2017: $6,224Net Assets 2017: $1,641,7422017Assets 2018: $1,983,491Liabilities 2018: $106,627Net Assets 2018: $1,876,8642018Assets 2019: $1,909,612Liabilities 2019: $94,259Net Assets 2019: $1,815,3532019Assets 2020: $2,160,884Liabilities 2020: $409,714Net Assets 2020: $1,751,1702020Assets 2021: $3,305,764Liabilities 2021: $310,453Net Assets 2021: $2,995,3112021Assets 2022: $7,304,180Liabilities 2022: $132,395Net Assets 2022: $7,171,7852022Assets 2023: $11,554,565Liabilities 2023: $810,310Net Assets 2023: $10,744,2552023Assets 2024: $14,426,634Liabilities 2024: $1,203,126Net Assets 2024: $13,223,5082024

Highlighted filing

2017

Assets$1,647,966
Liabilities$6,224
Net Assets$1,641,742

Operations Trend

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

$30M$20M$10M$0-$10MRevenue 2014: $682,766Expenses 2014: $475,565Net Income 2014: $207,2012014Revenue 2015: $1,031,045Expenses 2015: $844,795Net Income 2015: $186,2502015Revenue 2016: $2,021,311Expenses 2016: $1,339,983Net Income 2016: $681,3282016Revenue 2017: $1,891,136Expenses 2017: $1,324,173Net Income 2017: $566,9632017Revenue 2018: $3,035,544Expenses 2018: $2,800,422Net Income 2018: $235,1222018Revenue 2019: $3,658,804Expenses 2019: $3,720,315Net Income 2019: -$61,5112019Revenue 2020: $3,829,197Expenses 2020: $3,893,380Net Income 2020: -$64,1832020Revenue 2021: $6,717,680Expenses 2021: $5,473,539Net Income 2021: $1,244,1412021Revenue 2022: $12,459,105Expenses 2022: $8,282,631Net Income 2022: $4,176,4742022Revenue 2023: $22,457,483Expenses 2023: $18,885,013Net Income 2023: $3,572,4702023Revenue 2024: $22,592,425Expenses 2024: $20,113,515Net Income 2024: $2,478,9102024

Highlighted filing

2017

Revenue$1,891,136
Expenses$1,324,173
Net Income$566,963
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Aug 12, 2018
Return Version
2017v2.2
Gross Receipts
$1,891,136
Mission and Program Overview

Mission

FFWD accelerates the growth of technology nonprofits by providing financial and human capital to help scale technology solutions for education, environmental, health, and human rights issues.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$846,897$1,610,653▲ $763,756
Land, Buildings, and Equipment, Net-$25,264-
Accounts Receivable$275,500$11,150▼ $264,350
Prepaid Expenses and Deferred Charges$899$899→ $0
Savings and Temporary Cash Investments-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$1,123,296$1,647,966▲ $524,670
Other Assets Total-$0-
Liabilities
Other Liabilities$29,556--
Accounts Payable and Accrued Expenses$18,961$6,224▼ $12,737
Total Liabilities$48,517$6,224▼ $42,293
Net Assets / Fund Balance
Unrestricted Net Assets$649,279$1,475,992▲ $826,713
Temporarily Rstr Net Assets$425,500$165,750▼ $259,750
Total Net Assets Fund Balance$1,074,779$1,641,742▲ $566,963
Total Liabilities and Net Assets / Fund Balance$1,123,296$1,647,966▲ $524,670

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$25,264-$25,264
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Shannon FarleyExec DirectorFT$150,000$150,000
Maria ChoiVP FundraisingFT$123,396$123,396
Christina ShatzenMarketing DirectorFT$106,667$106,667

Board Members and Trustees

NameTitle
Kevin BarenblatPresident
James SlavetVice President
Rekha PaiSecretary
Aston MotesTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,889,076
Program Service Revenue
$0
Investment Income
$2,060
Other Revenue
$0
All Other Contributions
$1,859,426
Change in Net Assets
$566,963

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,891,136
Revenue Not Reported on Form 990
$120,000
Total Revenue per Audited Statements
$2,011,136
Total Revenue per Form 990
$1,891,136
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$562,362
Grants and Similar Amounts Paid$479,228
Other Expenses$282,583
Total Fundraising Expense$140,539
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$479,228--$479,228
Other Salaries and Wages$232,904$7,880$61,953$302,737
Current Officers, Directors, Trustees, and Key Employees$115,399$3,905$30,696$150,000
Other Employee Benefits$48,570$1,864$12,466$62,900
Travel$13,940$2,330$18,740$35,010
Payroll Taxes$26,440$886$7,199$34,525
Fees for Services Accounting-$14,675-$14,675
Occupancy$10,454$371$2,475$13,300
Pension Plan Contributions$9,386$318$2,496$12,200
Information Technology$2,809$1,200$769$4,778
Office Expenses$459$2,223$281$2,963
Insurance-$1,674-$1,674
Other Expenses$146$341$716$1,203
Total Functional Expenses$1,144,583$39,051$140,539$1,324,173

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,444,173
Expenses per Audited Statements$1,324,173
Total Expenses per Form 990$1,324,173
Expenses Not Reported on Form 990$120,000
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
OnwardWashington, DC-General Support$77,074
Raheem AIWashington, DC-General Support$75,624
Beyond 12Oakland, CA-General Support$71,994
ConcrnSan Francisco, CA-General Support$56,263
Online SOSRichmond, CA-General Support$53,273
MyHealthEdChapel Hills, NC-General Support$50,043
MindRightNewark, NJ-General Support$46,933
IssueVoterNew York, NY-General Support$46,774
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Events$29,650---
Total Events$29,650---
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
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 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
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

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

FORM 990 IS PREPARED BY AN OUTSIDE TAX PROFESSIONAL. THE FORM IS THEN REVIEWED BYTHE ORGANIZATION'S FINANCE DIRECTOR, audit committee including certain MEMBERS OF THE BOARD OF DIRECTORS, AND THE EXECUTIVE DIRECTOR. THIS GROUP OF INDIVIDUALS THEN DISCUSSES THE CONTENTS OF THE RETURN WITH THE OUTSIDE TAX PROFESSIONAL. AFTER A FULL REVIEW, THE FINAL VERSION OF THE TAX RETURN IS PROVIDED TO ALL MEMBERS OF THE ORGANIZATION'S VOTING BODY. A REPRESENTATIVE OF THE BOARD AUTHORIZES THE FINAL FORM 990 WHICH IS THEN E-FILED WITH THE INTERNAL REVENUE SERVICE.

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

No interested person of the museum shall participate in making or attempting to influence a decision in which he or she has a real or potential financial interest. A COMMITTEE OF THE BOARD OF DIRECTORS REVIEWS ALL POTENTIAL CONFLICTS OF INTEREST ATLEAST ANNUALLY. ALL PERSONNEL (INCLUDING EMPLOYEES AND VOLUNTEERS) AND BOARD MEMBERS ARE REQUIRED TO DISCLOSE (IN WRITING) POTENTIAL CONFLICTS AND ANY RELATED PARTY AFFILIATIONS. LOANS BETWEEN THE ORGANIZATION AND MEMBERS OF MANAGEMENT AND THE BOARD ARE STRICTLY PROHIBITED. THE ORGANIZATION SEEKS FULL TRANSPARENCY ON ALL RELATIONSHIPS. ANY POTENTIAL CONFLICTS (IN FACT OR APPEARANCE) ARE DISCUSSED OPENLY AND RESOLVED IN ACCORDANCE WITH THE ORGANIZATION'S POLICIES AND PROCEDURES.

Form 990, Part VI, Line 15A: Compensation Review & Approval Process - CEO, Top Management

Members of the board of directors review the compensation of certain high-level personnel periodically in accordance with irs rules and regulations. Efforts are made to secure compensation data from industry sources in order to determine competitiveness and appropriateness of salaries. Every effort is made to ensure that the process is thorough and transparent in accordance with irs guidelines and the organization's policies and procedures.

Form 990, Part VI, Line 15B: Compensation Review and Approval Process for Officers and Key Employees

COMPENSATION OF OTHER PERSONNEL AND KEY EMPLOYEES IS REVIEWED PERIODICALLY BY MEMBERS OF MANAGEMENT. EFFORTS ARE MADE TO SECURE COMPENSATION DATA FROM INDUSTRY SOURCES IN ORDER TO DETERMINE COMPETITIVENESS AND APPROPRIATENESS OF SALARIES AND ALL RELATED BENEFITS. ALL DECISIONS ARE THEN reviewed and approved by the Board of Directors and DOCUMENTation is placed IN PERSONNEL FILES.

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

All of the organization's governing documents, financial statements and other legalfilings are maintained in a secure environment and held available for inspection bytax authorities and the general public. Tax returns are posted annually towww.guidestar.com and are also available for a physical inspection at the organization's office in san francisco, california.

Filing and Contact Details

Filer

Filer Name
Ffwd
EIN
46-4626500
Phone
4159525906
Address
1014 Torney Avenue, San Francisco, CA 94129

Signing Officer

Name
Kevin Barenblat
Title
President
Phone
4159525906
Signed
2018-08-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kevin Barenblat
Formed
2014
Legal Domicile
CA
Voting Board Members
5
Independent Board Members
5
Employees
7
Volunteers
1

Preparer

Firm
Regalia & Associates CPAs
Address
103 Town Country Dr Ste K, Danville, CA 94526
Preparer
Douglas W Regalia
Phone
9253140390
Supplemental Narrative

Financial Statement Notes

Part X : FIN48 Footnote

Income TaxesFinancial statement presentation follows the recommendations of ASC 740, Income Taxes. Under ASC 740, FFWD is required to report information regarding its exposure to various tax positions taken by the organization and requires a two-step process that separates recognition from measurement. The first step is determining whether a tax position has met the recognition threshold; the second step is measuring a tax position that meets the recognition threshold. Management believes that FFWD has adequately evaluated its current tax positions and has concluded that as of December 31, 2017, FFWD does not have any uncertain tax positions for which a reserve or an accrual for a tax liability would be necessary.FFWD has received notification from the Internal Revenue Service and the State of California that it qualifies for tax-exempt status under Section 501(c)(3) of the Internal Revenue Code and Section 23701d of the California Revenue and Taxation Code. This exemption is subject to periodic review by the federal and state taxing authorities and management is confident that the organization continues to satisfy all federal and state statutes in order to qualify for continued tax exemption status. FFWD may periodically receive unrelated business income requiring the organization to file separate tax returns under federal and state statutes. Under such conditions, FFWD calculates and accrues the applicable taxes payable.

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IRS990/Desc0Through its accelerator program, FFWD provides grants, training, and mentorship to tech-based nonprofits.Summer Accelerator: Provide tech-based nonprofits money, training, and mentoring to increase their impact.Accelerate Good Global Summit: Convene the worlds leading tech-based nonprofits, their funders, and the tech community to grow the tech nonprofit sector.Tech Nonprofit Directory and Job Board: Online resource for people looking for meaning to find organizations, jobs, volunteer roles, and board positions.
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0Income TaxesFinancial statement presentation follows the recommendations of ASC 740, Income Taxes. Under ASC 740, FFWD is required to report information regarding its exposure to various tax positions taken by the organization and requires a two-step process that separates recognition from measurement. The first step is determining whether a tax position has met the recognition threshold; the second step is measuring a tax position that meets the recognition threshold. Management believes that FFWD has adequately evaluated its current tax positions and has concluded that as of December 31, 2017, FFWD does not have any uncertain tax positions for which a reserve or an accrual for a tax liability would be necessary.FFWD has received notification from the Internal Revenue Service and the State of California that it qualifies for tax-exempt status under Section 501(c)(3) of the Internal Revenue Code and Section 23701d of the California Revenue and Taxation Code. This exemption is subject to periodic review by the federal and state taxing authorities and management is confident that the organization continues to satisfy all federal and state statutes in order to qualify for continued tax exemption status. FFWD may periodically receive unrelated business income requiring the organization to file separate tax returns under federal and state statutes. Under such conditions, FFWD calculates and accrues the applicable taxes payable.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X : FIN48 Footnote
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IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt3General Support
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IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt5General Support
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt6General Support
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt7General Support
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