2022-12-08T10:07:57-06:00 2021-12-31 561445619 NEAL BRADSHER & TAYLOR PA 4721 EMPEROR BOULEVARD SUITE 130 DURHAM NC 27703 990 2021-01-01 134302280 FORWARD CITIES INC FORW 9199284480 PO BOX 2008 DURHAM NC 27702 FAY HORWITT PRESIDENT & CEO 9199284480 2022-12-08 1 FAY HORWITT 999009999 MICHAEL CLONCH P01380043 9194893369 3 AAL1 IAL1 2021 2022-09-23 18:48:47Z FAY HORWITT PO BOX 2008 DURHAM NC 27702 2460187 0 X FORWARDCITIES.ORG X 2005 NC TO CREATE OPPORTUNITIES FOR SHARED PROSPERITY THROUGH INCLUSIVE AND EQUITABLE ENTREPENEURIAL ECOSYSTEM DEVELOPMENT. 6 6 36 0 0 0 1787331 2031828 612127 428359 0 0 83310 0 2482768 2460187 0 0 0 0 1839705 1484879 0 0 0 843425 607195 2683130 2092074 -200362 368113 889550 1196373 108452 47162 781098 1149211 X TO CREATE OPPORTUNITIES FOR SHARED PROSPERITY THROUGH INCLUSIVE AND EQUITABLE ENTREPRENEURIAL ECOSYSTEM DEVELOPMENT. 0 0 396263 249000 COMMUNITY ENTREPRENEURSHIP ACCELERATORS (CEA): THROUGH ITS COMMUNITY ENTREPRENEURSHIP ACCELERATOR (CEA) IS A CAPACITY-BUILDING SERIES OF ENGAGEMENTS DESIGNED TO EQUIPS AND SUPPORT NETWORKS OF METROPOLITAN AND MICROPOLITAN COMMUNITIES ACROSS THE U.S. TO GROW AND SUSTAIN EQUITABLE ENTREPRENEURIAL ECOSYSTEMS. FORWARD CITIES CONVENES AND FACILITATES A DISCOVERY PROCESS TO GATHER INSIGHTS ABOUT ENTREPRENEURS, EQUIPPERS, AND THE ECOSYSTEM. WE COMPLETE AN ASSESSMENT OF THE HEALTH AND EQUITY OF THE LOCAL ENTREPRENEURIAL ECOSYSTEM VIA THE E3 SCORECARD USING FOUR KEY METRICS PRESENT IN EVERY ECOSYSTEM: PEOPLE, PROGRAMS, NETWORKS, AND NARRATIVES. USING THOSE FINDINGS, FORWARD CITIES ALIGNS CROSS-SECTOR ECOSYSTEM STAKEHOLDERS THROUGH AN IDEATION AND DESIGN PROCESS TO CO-CREATE AND IMPLEMENT STRATEGIES AIMED AT LOWERING THE BARRIERS TO SMALL BUSINESS GROWTH. FORWARD CITIES CUSTOMIZES AND DELIVERS A LONG-TERM ACTIONABLE STRATEGIC PLAN THAT COMMUNITIES USE TO ALIGN AND CATALYZE MARKET OPPORTUNITIES FOR ENTREPRENEURS, INCREASE THE EFFICACY OF SUPPORT ORGANIZATIONS WHO SERVE THEM, AND INCREASE COLLABORATION, CULTURAL COMPETENCE, AND DISTRIBUTED POWER ACROSS THE ECOSYSTEM. 1108910 ESHIP COMMUNITIES: THE KAUFFMAN FOUNDATION FUNDED ESHIP COMMUNITIES PROGRAM IS 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. ACROSS ITS FOUR COMMUNITIES IN KANSAS CITY, BALTIMORE, LONG BEACH, AND THE RIO GRANDE AREA, NEW MEXICO, THE PROGRAM SUPPORTS THE CREATION AND EVALUATION OF A REPEATABLE, BOTTOM-UP APPROACH TO BUILDING AND STRENGTHENING ENTREPRENEURIAL ECOSYSTEMS. FORWARD CITIES HAS ASSISTED IN THE FORMATION OF FOUR COLLABORATIVE COUNCILS OF INDIVIDUALS WHO REPRESENT DIFFERENT STAKEHOLDERS FROM ACROSS THEIR COMMUNITY. THE COUNCILS HAVE DEVELOPED AND IMPLEMENTED PILOT PROJECTS THAT ADDRESS SPECIFIC BARRIERS OR GAPS IN THEIR ECOSYSTEM AS IDENTIFIED THROUGH RESEARCH EFFORTS IN THEIR COMMUNITIES. IN ALL COMMUNITIES WE HAVE SEEN PILOTS CATALYZE ADDITIONAL ECOSYSTEM EFFORTS AND INVESTMENTS AS WELL AS MEET DIRECT NEEDS OF UNDER-SERVED ENTREPRENEURS OR ENTREPRENEURIAL SUPPORT ORGANIZATIONS. 63477 MINIMAL VIABLE SOLUTIONS (MVS), ALSO KNOWN AS PILOT PROGRAMS, ARE STRATEGIES THAT HAVE BEEN IDENTIFIED THROUGH A COMMUNITY-LED PROCESS TO ADDRESS BARRIERS TO INCREASING ENTREPRENEURIAL STARTS AND SMALL BUSINESS GROWTH IN UNDER-CONNECTED COMMUNITIES. MVS ARE CO-CREATED DURING A DATA-INFORMED FACILITATION PROCESS INVOLVING LOCAL WORKING GROUPS, LOCAL ENTREPRENEURS, ENTREPRENEURIAL SUPPORTERS, AND FORWARD CITIES. THEY ARE DESIGNED TO TEST A SET OF PILOT INTERVENTIONS THAT, IF SUCCESSFUL, CAN BE SCALED TO BENEFIT A BROADER SET OF ENTREPRENEURS IN SIMILAR NEIGHBORHOODS, THE CITY AND/OR THE REGION. 5713 179359 5713 179359 1574363 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 50 0 1 36 1 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 1 0 X THE CORPORATION 9199284480 PO BOX 2008 DURHAM NC 27702 ADRIAN SMITH TREASURER 10.00 X X 0 0 0 PETE CARLSON MEMBER 5.00 X 0 0 0 CATHY BELK CHAIR 10.00 X X 0 0 0 BRANDON COSBY MEMBER 5.00 X 0 0 0 TREVOR SMITH MEMBER 5.00 X 0 0 0 CHRIS CAIN MEMBER 5.00 X 0 0 0 FAYE HORWITT CEO 40.00 X 144805 0 6270 144805 0 6270 1 0 1 0 0 353742 1678086 2031828 PROGRAM FEES 900099 428359 428359 428359 2460187 428359 0 0 151075 110285 40790 1163131 849085 314046 69355 50629 18726 101318 73962 27356 139294 106498 32796 15430 9185 6245 42089 27497 14592 8900 6497 2403 15483 8935 6548 15894 15894 5463 5463 ESHIP 187107 187107 MVS EXPENSES 98859 98859 DEVELOPMENT & OPERATION 43270 5268 38002 RESEARCH DEPARTMENT 21339 21339 14067 3323 10744 2092074 1574363 517711 0 889050 1184173 11700 500 500 889550 1196373 108452 47162 108452 47162 X -121408 277275 902506 871936 781098 1149211 889550 1196373 368113 0 X X 0 1 X 1 0 X 909753 1408391 2273229 1787331 2031828 8410532 909753 1408391 2273229 1787331 2031828 8410532 3578637 4831895 3000 5000 8000 8418532 1629191 0.57400 0.68460 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 X 2460187 0 2460187 0 2460187 2092074 0 2092074 0 2092074 PART X, LINE 2: THE ORGANIZATION IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C) (3) OF THE INTERNAL REVENUE CODE. HOWEVER, INCOME FROM CERTAIN ACTIVITIES NOT DIRECTLY RELATED TO THE ORGANIZATION'S TAX-EXEMPT PURPOSE WOULD BE SUBJECT TO TAXATION AS UNRELATED BUSINESS INCOME. MANAGEMENT HAS CONSIDERED THE TAX POSITIONS TAKEN IN ITS TAX RETURNS AND BELIEVES THAT ALL OF THE POSITIONS TAKEN BY FORWARD CITIES, INC. IN ITS FEDERAL EXEMPT ORGANIZATION TAX RETURNS ARE MORE LIKELY THAN NOT TO BE SUSTAINED UPON EXAMINATION. GENERALLY, TAX RETURNS REMAIN OPEN FOR THREE YEARS FOR EXAMINATION BY TAXING AUTHORITIES. MANAGEMENT DOES NOT BELIEVE THERE ARE ANY MATERIAL UNCERTAIN TAX POSITIONS; THEREFORE, THE ORGANIZATION DID NOT RECOGNIZE ANY LIABILITY FOR UNRECOGNIZED TAX BENEFITS. X X 0 0 0 0 0 0 0 0 0 FAYE HORWITT CEO 144805 0 0 0 0 0 0 0 6270 0 151075 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B THE ORGANIZATIONS PRESIDENT/CEO AND MANAGER OF FIANANCE 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 CONFICTS 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 15 OFFICER SALARY IS INCLUDED IN THE BUDGET APPROVAL PROCESS AND REFLECTED IN THE EMPLOYEMENT AGREEMENT. FORM 990, PART VI, SECTION C, LINE 18 GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. 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: NO CHANGES WERE MADE TO THE OVERSIGHT PROCESS.