Forward Action Fund

“Forward action fund has delegated management duties to civix strategy group, a management company that is not affiliated with any directors or officers of forward action fund. The terms of the services are negotiated at arm's length and documented in an agreement.”

“Nature of diversion: cyberattack fraudulent wire payment dollar amount: $450,000 loss corrective actions: including but not limited to adoption of a new email monitoring system that quarantines suspicious messages for review, regular cybersecurity training for staff, and a strict policy requiring verbal confirmation from vendors before processing any wire transfers. Pertinent circumstances: in october of 2024, one of faf's trusted vendors suffered a sophisticated cyberattack. The attacker was able to take over the vendor's email and inserted themselves into an already established, valid email communication with faf, resulting in a wire payment of $500,000 being sent to a fraudulent account. There was a recovery of $50,000 from the receiving bank, resulting in overall loss of $450,000.”

“The organization does not have any committees with the authority to act on behalf of the governing body.”

“The form 990 is prepared by the outside accountants. The form 990 was then reviewed by the board in detail prior to filing. Questions were addressed to the preparer and resolved timely. A final draft version of the return was provided to the full board prior to filing.”

“Annually, directors and officers disclose interests that could give rise to conflicts. Any such interest must be disclosed and made a matter of record at the time of election to the board and maintained through an annual procedure and when the interest becomes a matter of board action. No director having a conflict of interest in any matter will be counted in determining the quorum for the meeting, nor present when the matter is discussed or voted on. Meeting minutes reflect that the disclosure was made, that the director abstained and was not present during the discussion or vote, and that a quorum existed not counting such director.”

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

“Staffing/subcontractor: program service expenses 2,715,653. Management and general expenses 0. Fundraising expenses 0. Total expenses 2,715,653. Consulting services: program service expenses 2,134,291. Management and general expenses 0. Fundraising expenses 162,952. Total expenses 2,297,243. Field: program service expenses 24,776,436. Management and general expenses 0. Fundraising expenses 0. Total expenses 24,776,436. Content creation: program service expenses 200. Management and general expenses 0. Fundraising expenses 0. Total expenses 200. Organizing: program service expenses 621,113. Management and general expenses 0. Fundraising expenses 0. Total expenses 621,113.”

“The process has not changed from the prior year.”