2023-11-15T07:40:08-06:00 2022-12-31 561304727 BLACKMAN & SLOOP CPAS PA 1414 RALEIGH ROAD SUITE 300 CHAPEL HILL NC 27517 990 2022-01-01 134302280 FORWARD CITIES INC FORW 9109284480 PO BOX 2008 DURHAM NC 27702 FAY HORWITT PRESIDENT AND CEO 9109284480 2023-11-14 1 FAY HORWITT 999009999 0 DEETRA B WATSON P00534544 9199428700 0 AAL1 IAL1 2022 2023-04-26 12:10:37Z FAY HORWITT PO BOX 2008 DURHAM NC 27702 1860427 0 X HTTPS://FORWARDCITIES.ORG/ X 2005 NC TO EQUIP COMMUNITY LEADERS, CATALYZE NARRATIVE CHANGE, AND MEASURE PROGRESS OVER TIME, LEVERAGING FIRST-HAND ECOSYSTEM BUILDING EXPERIENCES ACROSS THE NATION. 6 6 23 6 0 0 2031828 1673950 428359 183730 0 0 0 2747 2460187 1860427 0 257289 0 0 1484879 1393938 0 0 112932 607195 602829 2092074 2254056 368113 -393629 1196373 790542 47162 0 1149211 790542 X TO EQUIP COMMUNITY LEADERS, CATALYZE NARRATIVE CHANGE, AND MEASURE PROGRESS OVER TIME, LEVERAGING FIRST-HAND ECOSYSTEM BUILDING EXPERIENCES ACROSS THE NATION. 0 0 1424608 257289 175000 E3 SOLUTIONS: FORWARD CITIES LEVERAGES ITS EXTENSIVE EXPERIENCE CONVENING CROSS-SECTOR AND DIVERSE STAKEHOLDERS TO ASSESS THE HEALTH OF A CITY'S EQUITABLE ENTREPRENEURIAL ECOSYSTEM (E3). AND TO PROVIDE CONSULTING SERVICES FOR OTHER ORGANIZATIONS. PRIMARY CLIENTS AND PROGRAM ACCOMPLISHMENTS INCLUDED:-ESHIP COMMUNITIES- ESHIP COMMUNITIES WAS A COMMUNITY-DRIVEN APPROACH FOR BUILDING ENTREPRENEURIAL ECOSYSTEMS THAT FOSTER INCLUSION, RELATIONSHIPS, COLLABORATION, AND SOCIAL CAPITAL ACROSS NETWORKS OF ENTREPRENEURS AND THOSE WHO SUPPORT THEM. THE PROGRAM SUPPORTED THE CREATION AND EVALUATION OF A REPEATABLE, BOTTOM-UP APPROACH TO BUILDING AND STRENGTHENING ENTREPRENEURIAL ECOSYSTEMS. IN 2022, WE SUCCESSFULLY GUIDED THE FOUR PILOT COMMUNITIES IN THE FINAL STAGES OF THEIR ECOSYSTEM PILOT PROJECTS, PRODUCED A FINAL CROSS-CITY CONVENING, AND WORKED WITH LOCAL ORGANIZATIONS TO TRANSITIONED THE ONGOING WORK TO LOCAL ORGANIZATIONS WITHIN EACH COMMUNITY.-E3 DURHAM - IN 2022, FORWARD CITIES WAS SELECTED TO IMPLEMENT AN SBA COMMUNITY NAVIGATOR PROGRAM IN DURHAM, NC. BRANDED E3 DURHAM, THE PROGRAM WAS LAUNCHED WITH NECESSARY RESOURCES TO EQUIP ENTREPRENEURS FOR SUCCESS AND INCREASE THE CAPACITY OF AND COLLABORATION BETWEEN ENTREPRENEURIAL SERVICE PROVIDERS. OUR HOLISTIC APPROACH WAS DESIGNED TO REPAIR COMMUNITY RELATIONSHIPS DAMAGED BY SYSTEMIC INEQUITIES AND BUILD TRUST. THE PROGRAM PROVIDED AN OPPORTUNITY TO POSITION DURHAM COUNTY AS A MODEL FOR HOW A ROBUST AND EQUITABLE ENTREPRENEURIAL ECOSYSTEM SUPPORTS AND CREATES ENGINES FOR REGIONAL ECONOMIC GROWTH AND DEVELOPMENT BASED ON TALENT, EXPERTISE, AND ASSETS ALREADY IN OUR COMMUNITY. -JEANETTE -FORWARD CITIES FACILITATED A DATA-DRIVEN, COMMUNITY-INFORMED PROCESS OF TRUST-BUILDING CONVERSATIONS GEARED TOWARDS MATCHING COMMUNITY NEEDS WITH ECOSYSTEM BUILDING INTERVENTIONS. THE ENGAGEMENT WILL CONCLUDE WITH A CONCISE ACTION PLAN WRITTEN BY FORWARD CITIES TO BE IMPLEMENTED BY LOCAL LEADERS.-E3 INDY - THROUGH THE INDY E3 ENGAGEMENT, FORWARD CITIES ACTIVATED A RACIAL EQUITY COALITION FRAMEWORK TO HELP INDY ECOSYSTEM LEADERS DETERMINE THE BEST WAY TO CATALYZE STAKEHOLDERS TOWARD THE DEVELOPMENT OF THE ECOSYSTEM CONDITIONS NECESSARY FOR SHORT-TERM RECOVERY FOR BLACK AND LATINX OWNED BUSINESSES BALANCED WITH LONG-TERM RESILIENCY. -UNIVERSITY OF OREGON INNOVATION PARTNERSHIP SERVICES - FORWARD CITIES PROVIDED STRATEGIC DOING CONSULTING SERVICES IN PARTNERSHIP WITH JIM WOODELL & ASSOCIATES. FORWARD CITIES' TEAM MEMBERS ASSISTED IN PREPARING, FACILITATING,AND DEBRIEFING SIX (6) HOURS OF VIRTUAL STRATEGIC DOING WORKSHOPS WITH THE UNIVERSITY OF OREGON (UO), PORTLAND STATE UNIVERSITY (PSU), AND OREGON INSTITUTE OF TECHNOLOGY (OIT) AND SELECTED PARTNERS IN EACH OF THESE INSTITUTIONS' REGIONAL ENTREPRENEURIAL ECOSYSTEMS. 200388 E3 NATION: FORWARD CITIES ALSO LEVERAGES ITS OWN LEARNINGS TO TRAIN AND EQUIP ECOSYSTEM BUILDERS AND OTHER ORGANIZATIONS ACROSS THE COUNTRY WITH THE SKILLS THEY NEED TO EFFECTIVELY DEVELOP THEIR OWN EQUITABLE ENTREPRENEURIAL ECOSYSTEMS. PRIMARY CLIENTS AND PROGRAM ACCOMPLISHMENTS INCLUDED:-EWING MARION KAUFFMAN LEARNING GRANT - IN 2022, FORWARD CITIES PROVIDED CONSULTING SERVICES TO THE EMKF EVALUATION DEPARTMENT BY PUTTING IN PLACE A STRONG LEARNING FOUNDATION TO BUILD OFF OF THE SOON TO BE COMPLETED FOUR YEAR ESHIP COMMUNITIES PROJECT. THE SCOPE OF WORK INCLUDED: 1) GATHERING DATA, STORIES, AND LEARNINGS FROM EACH OF THE FOUR ESHIP COMMUNITIES; 2) IDENTIFYING EVIDENCE-BUILDING NEEDS FOR FORWARD CITIES AND CREATE A PLAN TO ADDRESS MUTUAL LEARNING GOALS, INCLUDING TESTING AND REFINING COMPONENTS OF THE VIBRANCY FRAMEWORK THAT WAS DEVELOPED FROM FORWARD CITY'S ESHIP WORK, AND 3) WORKING WITH STANDPOINT CONSULTING AND KAUFFMAN TO LEARN FROM FORWARD CITIES' EXPERTISE IN CENTERING THE NEEDS OF BIPOC ENTREPRENEURS IN ECOSYSTEM BUILDING TO INFORM KAUFFMAN'S INCLUSIVE PROSPERITY FRAMEWORK AND THE NEXT PHASE OF KAUFFMAN AND FORWARD CITY'S WORK TOGETHER. -BLACK WALL STREET FORWARD - IN 2022, FORWARD CITIES LAUNCHED THE BLACK WALL STREET FORWARD PILOT PROGRAM. THE PROGRAM WAS MODELED ON THE PILLARS THAT MADE DURHAM NC'S ORIGINAL BLACK WALL STREET SUCCESSFUL, AND AIMS TO CONTINUE THE LEGACY OF THIS VIBRANT WORK BY SUPPORTING AND CATALYZING LOCAL LEADERS, BLACK BUSINESS OWNERS, AND CHAMPIONS. THE TRANSFORMATIVE PILOT ENGAGED FIVE COMMUNITIES THROUGHOUT THE STATE OF NORTH CAROLINA IN A COHORT-BASED LEARNING JOURNEY TO EXPLORE THE PAST AND PRESENT OF BLACK ENTREPRENEURSHIP IN THOSE COMMUNITIES AND TO TAKE COLLABORATIVE ACTION TO BUILD A BETTER COLLECTIVE FUTURE. 69503 7750 E3 VOICES: FORWARD CITIES USES THE EXPERIENCE GAINED IN ALL THE PROGRAMS TO DEVELOP E3 VOICES THAT CREATED THOUGHT LEADERSHIP, SPEAKING ENGAGEMENTS, AND RESEARCH PUBLICATIONS RELATED TO DIVERSITY, EQUITY, AND INCLUSION.STARTUP CHAMPIONS NETWORK SPRING 2022 SUMMIT - IN 2022, THE PRIMARY E3 VOICES ENGAGEMENT WAS THE SCN SUMMIT. HELD APRIL 4-6 IN TRIANGLE, NORTH CAROLINA. THE SUMMIT CONVENED OVER 100 ENTREPRENEURIAL ECOSYSTEM BUILDERS FROM ACROSS THE COUNTRY MANY WHO WORK FOR ORGANIZATIONS RECENTLY FUNDED BY SBA GRANTS AND WILL BE SUPPORTED BY SOME OF THE COUNTRY'S TOP ECOSYSTEM BUILDER SUPPORT ORGANIZATIONS. THE CONFERENCE TOOK BOTH A REGIONAL AND EQUITY BASED APPROACH TO SUMMIT CONTENT, OFFERING INSIGHTS ON EFFECTIVE ENTREPRENEURIAL ECOSYSTEM BUILDING STRATEGIES THAT PRIORITIZED INCLUSION AND ECONOMIC MOBILITY. 1694499 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 67 0 1 23 1 0 0 0 0 0 0 0 0 0 0 0 0 X 6 6 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 NC X FAY HORWITT 9199284480 PO BOX 2008 DURHAM NC 27702 DEMETRA BROWN MEMBER 5.00 X 0 0 0 CHRISTINA CAIN MEMBER 5.00 X 0 0 0 LAUREN PAUL MEMBER 5.00 X 0 0 0 TREVOR SMITH MEMBER 5.00 X 0 0 0 PETE CARLSON BOARD CHAIR 10.00 X X 0 0 0 ADRIAN SMITH TREASURER 10.00 X X 0 0 0 C FAY HORWITT PRESIDENT AND CEO 40.00 X 149485 0 7177 149485 0 7177 1 0 1 0 0 511000 1162950 1673950 CONSULTING 611430 183730 183730 183730 OTHER INCOME 561499 2747 2747 2747 1860427 183730 0 2747 257289 257289 156662 108097 39165 9400 1024184 706687 256046 61451 52434 36179 13109 3146 68305 47131 17076 4098 92353 63724 23088 5541 19005 2169 16760 76 23692 2704 20894 94 4402 3620 782 17571 5210 12361 49466 12313 25167 11986 41671 36270 47 5354 51187 45814 5338 35 2531 2531 SUBCONTRACTORS 377123 357008 9375 10740 EQUIPMENT 7014 3951 3036 27 ENTREPRENEUR & ESO SURV 4688 4688 MISCELLANEOUS 4479 1645 2632 202 2254056 1694499 446625 112932 1184173 790542 11700 500 1196373 790542 47162 47162 0 X 277275 -149078 871936 939620 1149211 790542 1196373 790542 -393629 34960 0 X X 0 1 X 1 0 X 1408391 2273229 1787331 2031828 1673950 9174729 1408391 2273229 1787331 2031828 1673950 9174729 4762136 4412593 9174729 186477 0.48100 0.57400 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1860427 0 1860427 0 1860427 2254056 0 2254056 0 2254056 1 NORTH CAROLINA CENTRAL UNIVERSITY SCHOOL OF BUSINESS 1801 FAYETTEVILLE STREET DURHAM NC 27707 566000730 501(C)(3) 50000 0 COMMUNITY NAVIGATOR SPOKE DURHAM TECHNICAL COMMUNITY COLLEGE 1637 E LAWSON STREET DURHAM NC 27703 560792513 501(C)(3) 50000 0 COMMUNITY NAVIGATOR SPOKE COHADO 2120 SAINT PAUL STREET UNIT 2 BALTIMORE MD 21218 823558284 36813 0 COMMUNITY NAVIGATOR SPOKE ECHO 506 RAMSEUR ST SUITE 1 DURHAM NC 27701 474482327 30000 0 COMMUNITY NAVIGATOR SPOKE INFINITY BRIDGES 8311 BRIER CREEK PKWY STE 105-271 RALEIGH NC 27617 831897412 30000 0 COMMUNITY NAVIGATOR SPOKE KNOX ST STUDIOSAB COMMUNITY 1307 W KNOX STREET DURHAM NC 27705 831354743 25000 0 COMMUNITY NAVIGATOR SPOKE PROVIDENT1898 411 W CHAPEL HILL STREET SUITE C2 DURHAM NC 27701 611920240 25000 0 COMMUNITY NAVIGATOR SPOKE 2 5 PART I, LINE 2: THESE ARE ALL SPOKE PAYMENTS AS PART OF THE SBA COMMUNITY NAVIGATOR PILOT PROGRAM (CNPP) HUB AND SPOKE MODEL, OF WHICH FORWARD CITIES FUNCTIONS AS THE HUB. THESE ARE PASSTHROUGH PAYMENTS MANAGED BY FORWARD CITIES ON BEHALF OF THE SBA PROGRAM TO OUR PARTNER ORGANIZATIONS IN THE DURHAM COMMUNITY. THIS PROGRAM PROVIDES EDUCATIONAL PROGRAMS, NAVIGATION RESOURCES AND CONVENING EVENTS FOR LOCAL ENTREPRENEURS TO IMPROVE THEIR ACCESS TO SKILLS, TECHNICAL ASSISTANCE AND CAPITAL. X X 0 0 0 0 0 0 0 0 0 C FAY HORWITT PRESIDENT AND CEO 149485 0 0 0 0 0 0 0 7177 0 156662 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B THE ORGANIZATIONS PRESIDENT/CEO AND MANAGER OF FINANCE REVIEW THE DRAFT FORM 990. THEN EMAIL THE DRAFT RETURN TO THE BOARD OF DIRECTORS FOR THEIR REVIEW. THEIR QUESTIONS OR COMMENTS ARE DIRECTED BACK TO THE PRESIDENT/CEO AND MANAGER OF FINANCE AND THE RETURN IS FINALIZED WITH ANY REVISIONS. A COPY OF THE FORM 990 IS PROVIDED TO ALL BOARD MEMBERS BEFORE FILING. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION REGULARLY AND CONSISTENTLY MONITORS AND ENFORCES COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY BY REQUIRING ANNUAL FULL DISCLOSURE, IN WRITING, OF ALL POTENTIAL CONFLICTS OF INTERESTED PARTIES TO THE ORGANIZATION. ALL POTENTIAL CONFLICTS OF INTEREST REPORTED TO THE BOARD ARE REVIEWED AND VOTED ON AS TO WHETHER ANY FURTHER ACTION IS REQUIRED. FORM 990, PART VI, SECTION B, LINE 15A OFFICER SALARY IS INCLUDED IN THE BUDGET APPROVAL PROCESS AND REFLECTED IN THE EMPLOYMENT AGREEMENT. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XII, LINE 2C FINANCE AND AUDIT COMMITTEE TAKES FULL RESPONSIBILITY FOR OVERSIGHT OF THE AUDITED FINANCIAL STATEMENTS. BOARD OF DIRECTORS ANNUALLY ENGAGES AUDIT FIRM TO PERFORM THE AUDIT OF THE FINANCIAL STATEMENTS.