Civic Intelligence

Forward Academy

990 • Fiscal year 2022 • EIN 85-1104300

Jan 01, 2022 to Dec 31, 2022 • Filed on Aug 01, 2023

Organization ProfileN/A
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

58th percentile

0.00x

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

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Liabilities / Revenue

58th percentile

0.00x

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

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Net Margin

1st percentile

-533245%

Higher net margin than 1% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Top Officer Pay

78th percentile

$0

Higher top officer pay than 78% of similar nonprofits.

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

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Asset Growth

6th percentile

-73%

Faster asset growth than 6% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Annualized from 2021 to 2022

Revenue Growth

1st percentile

-100%

Faster revenue growth than 1% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets58th percentile

Assets

Down

$22,197

Down $58,656 (-73%) from 2021

Net Assets

Down

$22,197

Down $58,656 (-73%) from 2021

Liabilities

Flat

$0

Flat from 2021

Revenue And Expenses
Liabilities / Revenue58th percentileNet Margin1st percentile

Revenue

Down

$11

Down $251,609 (-100%) from 2021

Expenses

Down

$58,668

Down $112,099 (-66%) from 2021

Net Income

Down

-$58,657

Down $139,510 (-173%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth6th percentile

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

2022

Assets$22,197
Liabilities$0
Net Assets$22,197
Open 2022 Filing

Operations Trend

Revenue Growth1st percentile

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

2022

Revenue$11
Expenses$58,668
Net Income-$58,657
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Aug 1, 2023
Return Version
2022v5.0
Gross Receipts
$11
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$80,853$22,197▼ $58,656
Rtn Earn Endowment Incm Other Fnds$80,853$22,197▼ $58,656
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$80,853$22,197▼ $58,656
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$80,853$22,197▼ $58,656
Total Liabilities and Net Assets / Fund Balance$80,853$22,197▼ $58,656
Compensation and Service Providers
Top Officer Pay78th percentile

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
$0
Investment Income
$0
Other Revenue
$11
Change in Net Assets
$-58,657
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$58,668
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Management$34,000--$34,000
Travel$12,677--$12,677
Other Expenses$10,000--$10,000
Fees for Services Other$1,991--$1,991
Total Functional Expenses$58,668$0$0$58,668
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
2023-08-01
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
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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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IRS990/Desc0The 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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IRS990/Form990PartVIISectionAGrp/TitleTxt1Treasurer & Director
IRS990/Form990PartVIISectionAGrp/TitleTxt2VP & Director
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0This 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.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Our 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.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section B, line 11b
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ReturnHeader/Filer/EIN0851104300
ReturnHeader/Filer/PhoneNum02144168330
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ReturnHeader/Filer/USAddress/StateAbbreviationCd0TX
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ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0WELCH LLP
ReturnHeader/PreparerFirmGrp/PreparerForeignAddress/AddressLine1Txt0123 SLATER STREET 3RD FLOOR
ReturnHeader/PreparerFirmGrp/PreparerForeignAddress/CityNm0OTTAWA
ReturnHeader/PreparerFirmGrp/PreparerForeignAddress/CountryCd0CA
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ReturnHeader/PreparerFirmGrp/PreparerForeignAddress/ProvinceOrStateNm0ONTARIO
ReturnHeader/PreparerPersonGrp/PhoneNum06132369191
ReturnHeader/PreparerPersonGrp/PreparationDt02023-08-01
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Rita Evdokimova
ReturnHeader/ReturnTs02023-08-01T16:23:23-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0Antonio
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0cano
ReturnHeader/TaxPeriodBeginDt02022-01-01
ReturnHeader/TaxPeriodEndDt02022-12-31
ReturnHeader/TaxYr02022

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2022 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$22,197
Liabilities
$0
Net assets
$22,197
Revenue
$11
Expenses
$58,668
Net income
-$58,657
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$0.00$0.00$0.00
2023Detailed filing. Detailed filing data is available for this year.$0.04$0.40$0.36$0.00$0.58$0.58
2022Detailed filing. Detailed filing data is available for this year.$0.22$0.00$0.22$0.00$0.59$0.59
2021Detailed filing. Detailed filing data is available for this year.$0.81$0.00$0.81$2.52$1.71$0.81
2020Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$0.00$0.00$0.00