Civic Intelligence

For-M Foundation Inc

EIN 84-4165560 • 501(c)3 • West Bend, WI

Profile

Develop diverse sources of tech talent and startups from k-12, university, and non-traditional career pathways

PO Box 34West Bend, WI 53095

mketech.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

93rd percentile

0.92x

Higher debt load relative to assets than 93% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2024

Liabilities / Revenue

91st percentile

0.94x

Higher debt load relative to revenue than 91% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2024

Net Margin

55th percentile

7.0%

Higher net margin than 55% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

9th percentile

-29%

Faster asset growth than 9% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Annualized from 2023 to 2024

Revenue Growth

37th percentile

-0.4%

Faster revenue growth than 37% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Annualized from 2023 to 2024

Assets

Down

$748,556

Down $309,506 (-29%) from 2023

Liabilities

Down

$691,659

Down $360,987 (-34%) from 2023

Net Assets

Up

$56,897

Up $51,481 (+951%) from 2023

Revenue

Down

$734,338

Down $2,835 (-0.4%) from 2023

Expenses

Down

$682,857

Down $188,006 (-22%) from 2023

Net Income

Up

$51,481

Up $185,171 (+139%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$1.5M$1.0M$500K$0Assets 2020: $866,018Liabilities 2020: $48,078Net Assets 2020: $817,9402020Assets 2021: $815,942Liabilities 2021: $313,282Net Assets 2021: $502,6602021Assets 2022: $590,126Liabilities 2022: $451,020Net Assets 2022: $139,1062022Assets 2023: $1,058,062Liabilities 2023: $1,052,646Net Assets 2023: $5,4162023Assets 2024: $748,556Liabilities 2024: $691,659Net Assets 2024: $56,8972024

Highlighted filing

2024

Assets$748,556
Liabilities$691,659
Net Assets$56,897

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$1.5M$1.0M$500K$0-$500KRevenue 2020: $1,048,500Expenses 2020: $230,560Net Income 2020: $817,9402020Revenue 2021: $95,950Expenses 2021: $411,230Net Income 2021: -$315,2802021Revenue 2022: $587,126Expenses 2022: $950,680Net Income 2022: -$363,5542022Revenue 2023: $737,173Expenses 2023: $870,863Net Income 2023: -$133,6902023Revenue 2024: $734,338Expenses 2024: $682,857Net Income 2024: $51,4812024

Highlighted filing

2024

Revenue$734,338
Expenses$682,857
Net Income$51,481

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Oct 27, 2025
Return Version
2024v5.2
Gross Receipts
$734,338
Mission and Program Overview

Mission

Develop diverse sources of tech talent and startups from k-12, university, and non-traditional career pathways

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$460,562$401,385▼ $59,177
Pledges and Grants Receivable$0$47,067▲ $47,067
Other Notes and Loans Receivable, Net$0$24,000▲ $24,000
Total Assets$1,058,062$748,556▼ $309,506
Other Assets Total$597,500$276,104▼ $321,396
Liabilities
Other Liabilities$1,022,646$0▼ $1,022,646
Accounts Payable and Accrued Expenses$29,500$690,659▲ $661,159
Deferred Revenue$500$1,000▲ $500
Total Liabilities$1,052,646$691,659▼ $360,987
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$5,416$56,897▲ $51,481
Total Net Assets Fund Balance$5,416$56,897▲ $51,481
Total Liabilities and Net Assets / Fund Balance$1,058,062$748,556▼ $309,506

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$276,104--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeOtherTotal
Joseph PoeschlExecutive DirectorFT$136,526$136,526

Board Members and Trustees

NameTitle
Molly MulroyChair
Sangeetha RaiVice Chair
Gordon NameniDirector
Gwenn PetersDirector
Jason FieldsDirector
Mara LordDirector
Matt MoeserDirector
Mike MaschekDirector
Rashi KhoslaDirector
Rebecca JanutisDirector
Victor AmayaDirector
Wendy SchaferDirector
Kathy HenrichChief Executive Officer
Dan RenouardTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$725,240
Program Service Revenue
$0
Investment Income
$9,098
Other Revenue
$0
All Other Contributions
$450,240
Change in Net Assets
$51,481
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$347,451
Other Expenses$335,406
Total Fundraising Expense$54,272
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$238,434$46,296$52,708$337,438
Other Expenses$96,000--$96,000
Pension Plan Contributions$6,582$1,278$1,455$9,315
Fees for Services Other$6,694--$6,694
Fees for Services Accounting-$4,481-$4,481
Conferences and Meetings$1,416--$1,416
Other Employee Benefits$493$96$109$698
Office Expenses$249--$249
All Other Expenses$16--$16
Total Functional Expenses$576,434$52,151$54,272$682,857
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
Lobbying activity
No
Subject to proxy tax
No
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 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 1A

The executive committee created by the board shall be comprised of the officers of the corporation (chairperson, vice chairperson, secretary, treasurer), the chief executive officer, board representatives from platinum and gold members who are not officers, and such other persons as determined by the chairperson. The executive committee will be responsible for approving the annual audit and recommended improvement plan.

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

Once our accounting firm, cliftonlarsonallen, completes the document, it will be reviewed by the chief executive officer. The board reviews and approves the financials, but not the form 990 prior to filing.

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

All for-m foundation board members are required to sign our conflict of interest policy. Whenever a conflict is identified by for-m foundation 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. If, after hearing the director's or officer's response and after making further investigation as warranted by the circumstances, the director, board of directors or committee determines the officer has failed to disclose an actual or possible conflict of interest, it shall take appropriate disciplinary and corrective action. The organization documents the detailed proceedings resulting from conflicts of interest in the meeting minutes.

Form 990, Part VI, Section C, Line 19

The governing documents, conflict of interest policy, and financial statements are available upon request.

Filing and Contact Details

Filer

Filer Name
For-m Foundation Inc
EIN
84-4165560
Phone
4144844034
Address
PO BOX 34, WEST BEND, WI 53095

Signing Officer

Name
Joe Poeschl
Title
Executive Director
Phone
4144844034
Signed
2025-10-27
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Joe Poeschl
Formed
2020
Legal Domicile
Wi
Voting Board Members
13
Independent Board Members
13
Employees
0
Volunteers
300

Preparer

Firm
Cliftonlarsonallen Llp
Address
10401 W INNOVATION DR STE 300, WAUWATOSA, WI 53226
Preparer
Kristen Donlevy
Phone
4144761880
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IRS990/PensionPlanContributionsGrp/ProgramServicesAmt06582
IRS990/PensionPlanContributionsGrp/TotalAmt09315
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt047067
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0JOE POESCHL
IRS990/ProfessionalFundraisingInd00
IRS990/ProgSrvcAccomActy2Grp/Desc0TALENT K20: RECOGNIZING THAT DEVELOPING DIVERSE TECH TALENT IS CRITICAL TO A VIBRANT TECH COMMUNITY, THE COALITION SUPPORTS TECHNOLOGY EDUCATION AND OPPORTUNITIES TO ATTRACT, DEVELOP, AND RETAIN DIVERSE REGIONAL STUDENTS TO CREATE A STRONG EARLY TALENT PIPELINE. SIGNATURE PROGRAMS INCLUDE HOUR OF TECH AND FUSE.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0192145
IRS990/ProgSrvcAccomActy2Grp/GrantAmt00
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt00
IRS990/ProgSrvcAccomActy3Grp/Desc0STARTUP: SCALABLE TECH STARTUPS DRIVE INNOVATION AND EMPLOYMENT. THE COALITION SUPPORTS START UP FIRMS THROUGHOUT THEIR LIFE CYCLE THROUGH FUNDING AND MENTORING PROGRAMS. SIGNATURE PROGRAMS INCLUDE OUR FOR-M INCUBATOR.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt0192144
IRS990/ProgSrvcAccomActy3Grp/GrantAmt00
IRS990/ProgSrvcAccomActy3Grp/RevenueAmt00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0736165
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt01008
IRS990/PYOtherExpensesAmt0354876
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0-133690
IRS990/PYSalariesCompEmpBnftPaidAmt0515987
IRS990/PYTotalExpensesAmt0870863
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0737173
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt051481
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RelatedOrganizationsAmt0275000
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt00
IRS990ScheduleA/First5Years170Ind0X
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0725240
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0736165
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0587126
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt095950
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt01048500
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt03192981
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt09098
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt01008
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt010106
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportTotal170Amt01634291
IRS990ScheduleA/SubstantialContributorsTotAmt01558690
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0725240
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0736165
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0587126
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt095950
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt01048500
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt03192981
IRS990ScheduleA/TotalSupportAmt03203087
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0276104
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0DUE FROM FOR-M
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0276104
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt057057
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt0220401
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt07097
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt031076
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt07827
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0KATHY HENRICH
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0CHIEF EXECUTIVE OFFICER
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt0323458
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalInformationDetail/ExplanationTxt0THE COMPENSATION OF THE CEO IS DETERMINED BY THE ORGANIZATION'S RELATED ORGANIZATION, FOR-M, INC. THE FOLLOWING METHODS WERE USED BY FOR-M, INC. TO ESTABLISH THE CEO'S COMPENSATION: 1. APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE
IRS990ScheduleJ/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 3
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE EXECUTIVE COMMITTEE CREATED BY THE BOARD SHALL BE COMPRISED OF THE OFFICERS OF THE CORPORATION (CHAIRPERSON, VICE CHAIRPERSON, SECRETARY, TREASURER), THE CHIEF EXECUTIVE OFFICER, BOARD REPRESENTATIVES FROM PLATINUM AND GOLD MEMBERS WHO ARE NOT OFFICERS, AND SUCH OTHER PERSONS AS DETERMINED BY THE CHAIRPERSON. THE EXECUTIVE COMMITTEE WILL BE RESPONSIBLE FOR APPROVING THE ANNUAL AUDIT AND RECOMMENDED IMPROVEMENT PLAN.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ONCE OUR ACCOUNTING FIRM, CLIFTONLARSONALLEN, COMPLETES THE DOCUMENT, IT WILL BE REVIEWED BY THE CHIEF EXECUTIVE OFFICER. THE BOARD REVIEWS AND APPROVES THE FINANCIALS, BUT NOT THE FORM 990 PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ALL FOR-M FOUNDATION BOARD MEMBERS ARE REQUIRED TO SIGN OUR CONFLICT OF INTEREST POLICY. WHENEVER A CONFLICT IS IDENTIFIED BY FOR-M FOUNDATION 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. IF, AFTER HEARING THE DIRECTOR'S OR OFFICER'S RESPONSE AND AFTER MAKING FURTHER INVESTIGATION AS WARRANTED BY THE CIRCUMSTANCES, THE DIRECTOR, BOARD OF DIRECTORS OR COMMITTEE DETERMINES THE OFFICER HAS FAILED TO DISCLOSE AN ACTUAL OR POSSIBLE CONFLICT OF INTEREST, IT SHALL TAKE APPROPRIATE DISCIPLINARY AND CORRECTIVE ACTION. THE ORGANIZATION DOCUMENTS THE DETAILED PROCEEDINGS RESULTING FROM CONFLICTS OF INTEREST IN THE MEETING MINUTES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 1A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd01
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0FOR-M INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0843213548
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)(6)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0WI
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0ECONOMIC DEVELOPMENT WITHING THE TECHNOLOGY INDUSTRY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt0PO BOX 34
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0WEST BEND
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0WI
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd053095
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00

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