Civic Intelligence

Forward Academy

990 • Fiscal year 2023 • EIN 85-1104300

Jan 01, 2023 to Dec 31, 2023 • Filed on Nov 15, 2024

Organization ProfileN/A
Antonio Cano 1016 Rabbit Brush RdLeander, TX 78641

(214) 416-8330

Siviq Scores

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

Liabilities / Assets

99th percentile

9.58x

Higher debt load relative to assets than 99% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2023

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on this filing.

Source year 2023

Top Officer Pay

78th percentile

$0

Higher top officer pay than 78% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Asset Growth

5th percentile

-81%

Faster asset growth than 5% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Revenue Growth

1st percentile

-100%

Faster revenue growth than 1% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets99th percentile

Assets

Down

$4,174

Down $18,023 (-81%) from 2022

Net Assets

Down

-$35,810

Down $58,007 (-261%) from 2022

Liabilities

Up

$39,984

Up $39,984 from 2022

Revenue And Expenses
Liabilities / RevenueScore unavailableNet MarginScore unavailable

Revenue

Down

$0

Down $11 (-100%) from 2022

Expenses

Down

$58,008

Down $660 (-1.1%) from 2022

Net Income

Up

-$58,008

Up $649 (+1.1%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth5th 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

2023

Assets$4,174
Liabilities$39,984
Net Assets-$35,810
Open 2023 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

2023

Revenue$0
Expenses$58,008
Net Income-$58,008
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Nov 15, 2024
Return Version
2023v5.1
Gross Receipts
$0
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$22,197$4,174▼ $18,023
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Rtn Earn Endowment Incm Other Fnds$22,197$-35,810▼ $58,007
Total Assets$22,197$4,174▼ $18,023
Liabilities
Accounts Payable and Accrued Expenses$0$39,984▲ $39,984
Total Liabilities$0$39,984▲ $39,984
Net Assets / Fund Balance
Total Net Assets Fund Balance$22,197$-35,810▼ $58,007
Total Liabilities and Net Assets / Fund Balance$22,197$4,174▼ $18,023
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
$0
Change in Net Assets
$-58,008
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$58,008
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 Other$55,508--$55,508
Fees for Services Legal$2,500--$2,500
Total Functional Expenses$58,008$0$0$58,008
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
Antonio Cano 1016 Rabbit Brush Rd, Leander, TX 78641

Signing Officer

Name
Antonio cano
Title
Director
Phone
2144168330
Signed
2024-11-15
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
Bob Morrill
Phone
6132369191
Supplemental Narrative

Additional Explanations

Form 990, Part IX, line 11G

“Bank Charges and Fees: Program service expenses 735. Management and general expenses 0. Fundraising expenses 0. Total expenses 735. Consuling expense: Program service expenses 185. Management and general expenses 0. Fundraising expenses 0. Total expenses 185. Contractors: Program service expenses 30,588. Management and general expenses 0. Fundraising expenses 0. Total expenses 30,588. Rent and lease: Program service expenses 24,000. Management and general expenses 0. Fundraising expenses 0. Total expenses 24,000.”

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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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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.
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ReturnHeader/BuildTS02024-10-15 13:58:12Z
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ReturnHeader/BusinessOfficerGrp/SignatureDt02024-11-15
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ReturnHeader/PreparerPersonGrp/PhoneNum06132369191
ReturnHeader/PreparerPersonGrp/PreparationDt02024-11-15
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Bob Morrill
ReturnHeader/ReturnTs02024-11-15T20:46:35-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02023-01-01
ReturnHeader/TaxPeriodEndDt02023-12-31
ReturnHeader/TaxYr02023

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$4,174
Liabilities
$39,984
Net assets
-$35,810
Revenue
$0
Expenses
$58,008
Net income
-$58,008
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