Civic Intelligence

For M Inc

990 • Fiscal year 2020 • EIN 84-3213548

Jan 01, 2020 to Dec 31, 2020 • Filed on Nov 15, 2021

PO Box 70590Milwaukee, WI 53207

(414) 484-4034

Siviq Scores

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

Liabilities / Assets

13th percentile

0.01x

Higher debt load relative to assets than 13% of similar nonprofits.

2020 filings • 501(c)6 • $5M-$10M nonprofits • Source year 2020

Liabilities / Revenue

10th percentile

0.01x

Higher debt load relative to revenue than 10% of similar nonprofits.

2020 filings • 501(c)6 • $5M-$10M nonprofits • Source year 2020

Net Margin

99th percentile

84%

Higher net margin than 99% of similar nonprofits.

2020 filings • 501(c)6 • $5M-$10M nonprofits • Source year 2020

Top Officer Pay

44th percentile

$249,624

Higher top officer pay than 44% of similar nonprofits.

Top officer pay equals 5.1% of source-year revenue.

2020 filings • 501(c)6 • $5M-$10M nonprofits • Source year 2020

Asset Growth

100th percentile

258%

Faster asset growth than 100% of similar nonprofits.

2020 filings • 501(c)6 • $5M-$10M nonprofits • Annualized from 2019 to 2020

Revenue Growth

99th percentile

229%

Faster revenue growth than 99% of similar nonprofits.

2020 filings • 501(c)6 • $5M-$10M nonprofits • Annualized from 2019 to 2020

Assets

Up

$5,372,217

Up $3,872,217 (+258%) from 2019

Net Assets

Up

$5,303,252

Up $4,147,983 (+359%) from 2019

Liabilities

Down

$68,965

Down $275,766 (-80%) from 2019

Revenue

Up

$4,937,462

Up $3,438,962 (+229%) from 2019

Expenses

Up

$791,717

Up $448,486 (+131%) from 2019

Net Income

Up

$4,145,745

Up $2,990,476 (+259%) from 2019

Historical Trend

Balance Sheet Trend

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

$8.0M$6.0M$4.0M$2.0M$0Assets 2019: $1,500,000Liabilities 2019: $344,731Net Assets 2019: $1,155,2692019Assets 2020: $5,372,217Liabilities 2020: $68,965Net Assets 2020: $5,303,2522020Assets 2021: $6,046,032Liabilities 2021: $567,964Net Assets 2021: $5,478,0682021Assets 2022: $5,957,326Liabilities 2022: $221,829Net Assets 2022: $5,735,4972022Assets 2023: $6,278,195Liabilities 2023: $616,022Net Assets 2023: $5,662,1732023Assets 2024: $5,728,862Liabilities 2024: $328,419Net Assets 2024: $5,400,4432024

Highlighted filing

2020

Assets$5,372,217
Liabilities$68,965
Net Assets$5,303,252

Operations Trend

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

$6.0M$4.0M$2.0M$0-$2.0MRevenue 2019: $1,498,500Expenses 2019: $343,231Net Income 2019: $1,155,2692019Revenue 2020: $4,937,462Expenses 2020: $791,717Net Income 2020: $4,145,7452020Revenue 2021: $1,425,191Expenses 2021: $1,186,498Net Income 2021: $238,6932021Revenue 2022: $1,633,369Expenses 2022: $1,046,213Net Income 2022: $587,1562022Revenue 2023: $1,298,163Expenses 2023: $1,449,958Net Income 2023: -$151,7952023Revenue 2024: $1,162,412Expenses 2024: $1,424,142Net Income 2024: -$261,7302024

Highlighted filing

2020

Revenue$4,937,462
Expenses$791,717
Net Income$4,145,745
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Nov 15, 2021
Return Version
2020v4.1
Gross Receipts
$4,937,462
Mission and Program Overview

Mission

Inclusively double tech talent in the milwaukee region in order to drive enduring economic prosperity and create life changing jobs

Economic development within the technology industry

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Other Securities-$2,011,179-
Cash and Non-Interest-Bearing Accounts$1,500,000$1,518,419▲ $18,419
Pledges and Grants Receivable-$934,000-
Accounts Receivable-$770,000-
Land, Buildings, and Equipment, Net$0$90,269▲ $90,269
Prepaid Expenses and Deferred Charges-$272-
Total Assets$1,500,000$5,372,217▲ $3,872,217
Other Assets Total$0$48,078▲ $48,078
Liabilities
Other Liabilities$305,454$0▼ $305,454
Accounts Payable and Accrued Expenses$37,777$58,215▲ $20,438
Deferred Revenue$1,500$10,750▲ $9,250
Total Liabilities$344,731$68,965▼ $275,766
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,155,269$3,599,252▲ $2,443,983
Net Assets With Donor Restrictions-$1,704,000-
Total Net Assets Fund Balance$1,155,269$5,303,252▲ $4,147,983
Total Liabilities and Net Assets / Fund Balance$1,500,000$5,372,217▲ $3,872,217

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$90,269$8,206$98,475
Other Securities$1,011,176--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Kathy HenrichChief Executive OfficerFT$187,129$62,495$249,624

Board Members and Trustees

NameTitle
Karl GouveneurChairperson
Scott VifquainVice Chairperson
Michael RodgersSecretary/treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$4,928,250
Program Service Revenue
$0
Investment Income
$9,212
Other Revenue
$0
All Other Contributions
$4,917,250
Change in Net Assets
$4,145,745
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$488,746
Salaries, Compensation, and Employee Benefits$292,471
Grants and Similar Amounts Paid$10,500
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Comp Disqual Persons---$257,563
Fees for Services Other---$227,253
Fees for Services Legal---$43,416
Fees for Services Accounting---$29,697
Advertising---$26,631
Payroll Taxes---$17,472
Other Employee Benefits---$15,694
Grants to Domestic Orgs---$10,500
Depreciation Depletion---$8,206
Information Technology---$6,314
Office Expenses---$2,882
Insurance---$2,278
Pension Plan Contributions---$1,742
Travel---$780
Other Expenses---$439
Total Functional Expenses$0$0$0$791,717
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
5 Lakes InstituteMilwaukee, WI-A Contribution to Their Blueprint Partnership, Contributing to Matching Funds for a Wedc Grant to Continue Blueprint Programming$5,000
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
No
In-house lobbying only
Yes
Subject to proxy tax
Yes
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

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

Members in each class are allowed to elect a representative board member once a certain number of those members have been reached.

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

There were no committees with authority to act on behalf of the governing body.

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

Copy of the form 990 will be provided to board members before filing.

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

All for-m inc board members are required to sign our conflict of interest policy. Whenever a conflict is identified by for-m inc officers or board members, it is reviewed separate of that individual after all facts have been gathered and the board then rules on actions to be taken.

Form 990, Part VI, Section C, Line 19

UPON REQUEST

Filing and Contact Details

Filer

Filer Name
For-m Inc
EIN
84-3213548
Phone
4144844034
Address
PO BOX 70590, MILWAUKEE, WI 53207

Signing Officer

Name
Kathy Henrich
Title
Current CEO
Phone
4144844034
Signed
2021-11-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kathy Henrich
Formed
2019
Legal Domicile
Wi
Voting Board Members
3
Independent Board Members
3
Employees
6
Volunteers
3

Preparer

Firm
Cliftonlarsonallen Llp
Address
8215 GREENWAY BOULEVARD SUITE 600, MIDDLETON, WI 53562
Preparer
Kimberly Anderson
Phone
6086628600
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 2

Growth of the startup ecosystem (early stage startup incubator, reverse pitch), k-20 (summer talent internship program, strategic planning on inclusive computer science education), reskilling (state approval of apprenticeship program), regional image (national promotion of the region as a tech region)

Form 990, Part III, Line 3

Fall experiment was not conducted in 2020.

FORM 990, PART V, LINE 6B:

Client does not issue the required statements now, it is mentioned to prospective members. There is a call out in the member agreement that for-m is a nonstock corporation, not a c3 public charity.

Form 990, Part IX, Line 11G

Other contracted services 227,253.

Raw XML AppendixShowing 400 of 401 raw XML fields

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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IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0GROWTH OF THE STARTUP ECOSYSTEM (EARLY STAGE STARTUP INCUBATOR, REVERSE PITCH), K-20 (SUMMER TALENT INTERNSHIP PROGRAM, STRATEGIC PLANNING ON INCLUSIVE COMPUTER SCIENCE EDUCATION), RESKILLING (STATE APPROVAL OF APPRENTICESHIP PROGRAM), REGIONAL IMAGE (NATIONAL PROMOTION OF THE REGION AS A TECH REGION)
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1FALL EXPERIMENT WAS NOT CONDUCTED IN 2020.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2CLIENT DOES NOT ISSUE THE REQUIRED STATEMENTS NOW, IT IS MENTIONED TO PROSPECTIVE MEMBERS. THERE IS A CALL OUT IN THE MEMBER AGREEMENT THAT FOR-M IS A NONSTOCK CORPORATION, NOT A C3 PUBLIC CHARITY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3MEMBERS IN EACH CLASS ARE ALLOWED TO ELECT A REPRESENTATIVE BOARD MEMBER ONCE A CERTAIN NUMBER OF THOSE MEMBERS HAVE BEEN REACHED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THERE WERE NO COMMITTEES WITH AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5COPY OF THE FORM 990 WILL BE PROVIDED TO BOARD MEMBERS BEFORE FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6ALL FOR-M INC BOARD MEMBERS ARE REQUIRED TO SIGN OUR CONFLICT OF INTEREST POLICY. WHENEVER A CONFLICT IS IDENTIFIED BY FOR-M INC OFFICERS OR BOARD MEMBERS, IT IS REVIEWED SEPARATE OF THAT INDIVIDUAL AFTER ALL FACTS HAVE BEEN GATHERED AND THE BOARD THEN RULES ON ACTIONS TO BE TAKEN.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8OTHER CONTRACTED SERVICES 227,253.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART III, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART III, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART V, LINE 6B:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION A, LINE 8B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8FORM 990, PART IX, LINE 11G
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0FOR-M FOUNDATION INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0844165560
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0WI
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0FOSTER THE SUPPLY AND DEMAND OF TALENT IN MILWAUKEE AND PROMOTE DIVERSITY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0LINE 7
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt0720 E WISCONSIN AVE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0MILWAUKEE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0WI
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd053202
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd01
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd01
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd01
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd00
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt0123733
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt183462
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0BOOK
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt1BOOK
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0FOR-M FOUNDATION
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt1FOR-M FOUNDATION
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt0O
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt1S
IRS990ScheduleR/TransferFromOtherOrgInd01
IRS990ScheduleR/TransferToOtherOrgInd01
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd01
IRS990/SignificantNewProgramSrvcInd01
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd01
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt01500000
IRS990/TotalAssetsEOYAmt05372217
IRS990/TotalAssetsGrp/BOYAmt01500000
IRS990/TotalAssetsGrp/EOYAmt05372217
IRS990/TotalCompGreaterThan150KInd01
IRS990/TotalContributionsAmt04928250
IRS990/TotalEmployeeCnt06
IRS990/TotalFunctionalExpensesGrp/TotalAmt0791717
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0344731
IRS990/TotalLiabilitiesEOYAmt068965
IRS990/TotalLiabilitiesGrp/BOYAmt0344731
IRS990/TotalLiabilitiesGrp/EOYAmt068965
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01155269
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt05303252
IRS990/TotalOtherCompensationAmt06000
IRS990/TotalReportableCompFromOrgAmt0243624
IRS990/TotalRevenueGrp/ExclusionAmt09212
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt04937462
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt03
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01500000
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt05372217
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/TotalAmt0780
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0PO BOX 70590
IRS990/USAddress/CityNm0MILWAUKEE
IRS990/USAddress/StateAbbreviationCd0WI
IRS990/USAddress/ZIPCd053207
IRS990/VotingMembersGoverningBodyCnt03
IRS990/VotingMembersIndependentCnt03
IRS990/WebsiteAddressTxt0MKETECH.ORG
IRS990/WhistleblowerPolicyInd00
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd02
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0KATHY HENRICH
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CURRENT CEO
ReturnHeader/BusinessOfficerGrp/PhoneNum04144844034
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-11-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0FOR-M INC
ReturnHeader/Filer/BusinessNameControlTxt0FOR-
ReturnHeader/Filer/EIN0843213548
ReturnHeader/Filer/PhoneNum04144844034
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 70590
ReturnHeader/Filer/USAddress/CityNm0MILWAUKEE
ReturnHeader/Filer/USAddress/StateAbbreviationCd0WI
ReturnHeader/Filer/USAddress/ZIPCd053207
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0410746749
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0CLIFTONLARSONALLEN LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt08215 GREENWAY BOULEVARD SUITE 600
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0MIDDLETON
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0WI
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd053562
ReturnHeader/PreparerPersonGrp/PhoneNum06086628600
ReturnHeader/PreparerPersonGrp/PreparationDt02021-11-15
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0KIMBERLY ANDERSON
ReturnHeader/ReturnTs02021-11-15T16:39:47-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0KATHY
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0HENRICH
ReturnHeader/TaxPeriodBeginDt02020-01-01
ReturnHeader/TaxPeriodEndDt02020-12-31

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