Civic Intelligence

Grow IT Forward Inc

990 • Fiscal year 2023 • EIN 47-1931867

Jan 01, 2023 to Dec 31, 2023 • Filed on Nov 15, 2024

1501 Marshall StManitowoc, WI 54220

(920) 645-9467

Siviq Scores

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

Liabilities / Assets

80th percentile

0.41x

Higher debt load relative to assets than 80% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Liabilities / Revenue

67th percentile

0.23x

Higher debt load relative to revenue than 67% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Net Margin

46th percentile

2.2%

Higher net margin than 46% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Top Officer Pay

48th percentile

$54,000

Higher top officer pay than 48% of similar nonprofits.

Top officer pay equals 3.4% of source-year revenue.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Asset Growth

65th percentile

11%

Faster asset growth than 65% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Revenue Growth

83rd percentile

49%

Faster revenue growth than 83% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Assets

Up

$881,209

Up $89,640 (+11%) from 2022

Net Assets

Up

$523,034

Up $60,557 (+13%) from 2022

Liabilities

Up

$358,175

Up $29,083 (+8.8%) from 2022

Revenue

Up

$1,582,998

Up $520,829 (+49%) from 2022

Expenses

Up

$1,547,441

Up $572,022 (+59%) from 2022

Net Income

Down

$35,557

Down $51,193 (-59%) from 2022

Historical Trend

Balance Sheet Trend

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

$1.0M$500K$0Assets 2018: $35,121Liabilities 2018: $0Net Assets 2018: $35,1212018Assets 2019: $181,149Liabilities 2019: $6,186Net Assets 2019: $174,9632019Assets 2020: $401,351Liabilities 2020: $81,651Net Assets 2020: $319,7002020Assets 2021: $623,774Liabilities 2021: $294,626Net Assets 2021: $329,1482021Assets 2022: $791,569Liabilities 2022: $329,092Net Assets 2022: $462,4772022Assets 2023: $881,209Liabilities 2023: $358,175Net Assets 2023: $523,0342023Assets 2024: $795,430Liabilities 2024: $401,956Net Assets 2024: $393,4742024

Highlighted filing

2023

Assets$881,209
Liabilities$358,175
Net Assets$523,034

Operations Trend

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

$2.0M$1.5M$1.0M$500K$0-$500KRevenue 2018: $103,909Expenses 2018: $110,088Net Income 2018: -$6,1792018Revenue 2019: $284,379Expenses 2019: $144,537Net Income 2019: $139,8422019Revenue 2020: $263,955Expenses 2020: $119,217Net Income 2020: $144,7382020Revenue 2021: $297,209Expenses 2021: $287,761Net Income 2021: $9,4482021Revenue 2022: $1,062,169Expenses 2022: $975,419Net Income 2022: $86,7502022Revenue 2023: $1,582,998Expenses 2023: $1,547,441Net Income 2023: $35,5572023Revenue 2024: $1,444,432Expenses 2024: $1,545,927Net Income 2024: -$101,4952024

Highlighted filing

2023

Revenue$1,582,998
Expenses$1,547,441
Net Income$35,557
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Nov 15, 2024
Return Version
2023v5.1
Gross Receipts
$1,582,998
Mission and Program Overview

Mission

To provide people in need with dignified access to good food, along with opportunities to grow, cook, share, and advocate for it.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$607,354$581,355▼ $25,999
Rtn Earn Endowment Incm Other Fnds$462,477$523,034▲ $60,557
Cash and Non-Interest-Bearing Accounts$71,456$158,779▲ $87,323
Inventories for Sale or Use$83,504$118,770▲ $35,266
Pledges and Grants Receivable$14,400$10,800▼ $3,600
Accounts Receivable$10,029$8,210▼ $1,819
Prepaid Expenses and Deferred Charges$4,826$2,220▼ $2,606
Total Assets$791,569$881,209▲ $89,640
Other Assets Total-$1,075-
Liabilities
Mortgage Notes Payable Secured by Investment Property$288,100$326,789▲ $38,689
Other Liabilities$38,992$28,593▼ $10,399
Accounts Payable and Accrued Expenses-$2,793-
Deferred Revenue$2,000--
Total Liabilities$329,092$358,175▲ $29,083
Net Assets / Fund Balance
Total Net Assets Fund Balance$462,477$523,034▲ $60,557
Total Liabilities and Net Assets / Fund Balance$791,569$881,209▲ $89,640

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$239,176--
Other Land Buildings$77,484--
Land$66,605--
Equipment$89,643$202,157-
Leasehold Improvements$108,447--
Other Assets Org$1,075--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Amber DaugsCEO & FounderFT$54,000$54,000

Board Members and Trustees

NameTitle
Jason PriggePresident
Amy LundbergDirector
Dana BongleDirector
Jeremiah NovakDirector
Peter LewellenDirector
Andy WilsonTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,374,825
Program Service Revenue
$203,510
Investment Income
$21
Other Revenue
$4,642
All Other Contributions
$1,235,486
Change in Net Assets
$35,557

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,582,998
Total Revenue per Audited Statements
$1,582,998
Total Revenue per Form 990
$1,582,998
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,185,086
Salaries, Compensation, and Employee Benefits$362,355
Total Fundraising Expense$91,125
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$203,475$61,337$10,926$275,738
Depreciation Depletion$70,525$21,259$3,788$95,572
Occupancy$59,930$19,707$2,005$81,642
Advertising-$952$70,021$70,973
Current Officers, Directors, Trustees, and Key Employees$39,847$12,010$2,143$54,000
Other Expenses$47,318$5,079-$47,318
Fees for Services Other$32,356--$32,356
Payroll Taxes$19,226$5,795$1,033$26,054
Insurance$17,674$5,328$949$23,951
Interest$11,492--$11,492
Fees for Services Accounting-$8,580-$8,580
Other Employee Benefits$4,843$1,460$260$6,563
Travel$2,358--$2,358
Office Expenses-$1,047-$1,047
Fees for Services Legal-$230-$230
Total Functional Expenses$1,307,677$148,639$91,125$1,547,441

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,547,441
Total Expenses per Audited Statements$1,547,441
Total Expenses per Form 990$1,547,441
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
Night Market$50,643$50,643$35,153$15,490
Metrojam$32,373$32,373$29,657$2,716
Total Events$83,016$83,016$64,810$18,206
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Accrued Payroll$15,839
Federal Payroll Taxes$6,240
Accrued Interest$3,370
Sales Tax Payable$2,686
Wisconsin Withholding$458
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
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
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990 governing body review Part VI line 11

Form 990 is provided to ceo for reveiw before filing

Conflict of interest policy compliance Part VI line 12C

Board members are subject to a code of conduct which includes a conflict of interest policyprivate business or personal services are not allowed unless procedurally controlled to assure openness and fairnessif a board memeber has an unavoidable confilct of interest the member shall absent themselves without comment from deliberation and voteboard memebers will disclose any relationships that may cause a conflict of interest

Governing documents etc available to public Part VI line 19

Governing documents are available upon request

Filing and Contact Details

Filer

Filer Name
Grow It Forward Inc
EIN
47-1931867
Address
1501 MARSHALL ST, MANITOWOC, WI 54220

Signing Officer

Name
Amber Daugs
Title
CEO
Phone
9206459467
Signed
2024-11-15
Discuss with paid preparer
Yes

Organization Details

Formed
2014
Legal Domicile
Wi
Voting Board Members
7
Independent Board Members
7
Employees
26

Preparer

Firm
Lakeshore Accounting Inc
Address
115 E WALDO BLVD, MANITOWOC, WI 54220
Preparer
Katie Jansen
Phone
9206846940
Supplemental Narrative

Additional Explanations

Other or change in accounting method Part XII line 1

Audited financial statements were prepared on an accrual basis accounting method for tax return was changed to match

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0FORM 990 IS PROVIDED TO CEO FOR REVEIW BEFORE FILING
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1BOARD MEMBERS ARE SUBJECT TO A CODE OF CONDUCT WHICH INCLUDES A CONFLICT OF INTEREST POLICYPRIVATE BUSINESS OR PERSONAL SERVICES ARE NOT ALLOWED UNLESS PROCEDURALLY CONTROLLED TO ASSURE OPENNESS AND FAIRNESSIF A BOARD MEMEBER HAS AN UNAVOIDABLE CONFILCT OF INTEREST THE MEMBER SHALL ABSENT THEMSELVES WITHOUT COMMENT FROM DELIBERATION AND VOTEBOARD MEMEBERS WILL DISCLOSE ANY RELATIONSHIPS THAT MAY CAUSE A CONFLICT OF INTEREST
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2GOVERNING DOCUMENTS ARE AVAILABLE UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3AUDITED FINANCIAL STATEMENTS WERE PREPARED ON AN ACCRUAL BASIS ACCOUNTING METHOD FOR TAX RETURN WAS CHANGED TO MATCH
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990 governing body review Part VI line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Conflict of interest policy compliance Part VI line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Governing documents etc available to public Part VI line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Other or change in accounting method Part XII line 1
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