Civic Intelligence

Forward Academy

990 • Fiscal year 2021 • EIN 85-1104300

Jan 01, 2021 to Dec 31, 2021 • Filed on Nov 11, 2022

3401 Lee Parkway Unit 308Dallas, TX 75219

(214) 416-8330

Siviq Scores

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

Liabilities / Assets

56th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Liabilities / Revenue

56th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Net Margin

76th percentile

32%

Higher net margin than 76% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Top Officer Pay

77th percentile

$0

Higher top officer pay than 77% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Asset Growth

100th percentile

8085200%

Faster asset growth than 100% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Annualized from 2020 to 2021

Revenue Growth

Score unavailable

No value available

A valid growth rate could not be computed from the available filing history.

Annualized from 2020 to 2021

Assets

Up

$80,853

Up $80,852 (+8085200%) from 2020

Net Assets

Up

$80,853

Up $80,853 from 2020

Liabilities

Flat

$0

Flat from 2020

Revenue

Up

$251,620

Up $251,620 from 2020

Expenses

Up

$170,767

Up $170,767 from 2020

Net Income

Up

$80,853

Up $80,853 from 2020

Historical Trend

Balance Sheet Trend

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

$100K$50K$0-$50KAssets 2020: $1Liabilities 2020: $0Net Assets 2020: $02020Assets 2021: $80,853Liabilities 2021: $0Net Assets 2021: $80,8532021Assets 2022: $22,197Liabilities 2022: $0Net Assets 2022: $22,1972022Assets 2023: $4,174Liabilities 2023: $39,984Net Assets 2023: -$35,8102023Assets 2024: $0Liabilities 2024: $0Net Assets 2024: $02024

Highlighted filing

2021

Assets$80,853
Liabilities$0
Net Assets$80,853

Operations Trend

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

$300K$200K$100K$0-$100KRevenue 2020: $0Expenses 2020: $0Net Income 2020: $02020Revenue 2021: $251,620Expenses 2021: $170,767Net Income 2021: $80,8532021Revenue 2022: $11Expenses 2022: $58,668Net Income 2022: -$58,6572022Revenue 2023: $0Expenses 2023: $58,008Net Income 2023: -$58,0082023Revenue 2024: $0Expenses 2024: $0Net Income 2024: $02024

Highlighted filing

2021

Revenue$251,620
Expenses$170,767
Net Income$80,853
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Nov 11, 2022
Return Version
2021v4.2
Gross Receipts
$251,620
Mission and Program Overview

Mission

Trend Forward Academy (the Academy) is a charitable organization established to connect underprivileged students in the field of information technology and data security with educational institutions/organizations in order to provide equal learning and training opportunities. The program seeks to fill gaps in the standard IT education curriculum and to provide deserving underprivileged students with additional opportunities.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$0$80,853▲ $80,853
Rtn Earn Endowment Incm Other Fnds$0$80,853▲ $80,853
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$0$80,853▲ $80,853
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$0$80,853▲ $80,853
Total Liabilities and Net Assets / Fund Balance$0$80,853▲ $80,853
Compensation and Service Providers

Board Members and Trustees

NameTitle
Wael MohamedPresident & Director
Antonio CanoTreasurer & Director
Hernan ArabrusterVP & Director
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$250,000
Investment Income
$0
Other Revenue
$1,620
Change in Net Assets
$80,853
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$154,743
Other Expenses$16,024
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$154,743--$154,743
Travel$14,297--$14,297
Fees for Services Legal$1,450--$1,450
Fees for Services Other$277--$277
Total Functional Expenses$170,767$0$0$170,767
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
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
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

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

This Form 990 was prepared by a third-party and reviewed by the Director of Operations and the governing body before this form is e-filed.

Form 990, Part VI, Section C, line 19

Our Directors are required to make a conflict of interest and ethics declaration once per year. The conflict of interest policy is available for review of any member of the organization.

Filing and Contact Details

Filer

Filer Name
Forward Academy
EIN
85-1104300
Phone
2144168330
Address
3401 Lee Parkway Unit 308, Dallas, TX 75219

Signing Officer

Name
Antonio cano
Title
Director
Phone
2144168330
Signed
2022-11-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Antonio Cano
Formed
2020
Legal Domicile
TX
Voting Board Members
0
Independent Board Members
0
Employees
0
Volunteers
0

Preparer

Firm
Welch Llp
Address
CA
Preparer
Rita Evdokimova
Phone
6132369191
Supplemental Narrative

Additional Explanations

Form 990, Part III, line 2

The Academy is delivering two flagship talent incubation programs: 1. Certificate Program in IT Security (CPITS) offers engineering graduates an intensive 8-week introduction to cybersecurity fundamentals and Trend Micro's industry-leading enterprise solutions. 2. General Markets (GM) program offers an analogous incubation pathway for young Egyptian business, marketing, and communications graduates. The GM program provides fresh talent with hands-on training in customer care, sales, and marketing.

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The Academy is delivering two flagship talent incubation programs: 1. Certificate Program in IT Security (CPITS) offers engineering graduates an intensive 8-week introduction to cybersecurity fundamentals and Trend Micro's industry-leading enterprise solutions. 2. General Markets (GM) program offers an analogous incubation pathway for young Egyptian business, marketing, and communications graduates. The GM program provides fresh talent with hands-on training in customer care, sales, and marketing.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1This Form 990 was prepared by a third-party and reviewed by the Director of Operations and the governing body before this form is e-filed.
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