2020-10-26T08:41:11-05:00 2019-12-31 561445619 NEAL BRADSHER & TAYLOR PA 4721 EMPEROR BOULEVARD SUITE 130 DURHAM NC 27703 990 2019-01-01 134302280 FORWARD CITIES INC FORW 9199284480 PO BOX 2008 DURHAM NC 27702 CHRISTOPHER GERGEN CEO & CO-FOUNDER 9199284480 2020-10-26 1 MICHAEL CLONCH P01380043 9194893369 174.99.155.26 2020-10-26 09:43:30 ED P E14C6426B0D2CCF1E82963CEFBA9758E14BE52D2 5D013EDE3C5F08EB76B9B225D37EEC4506DFEE7B 2019 2021-01-29 14:40:06Z CHRISTOPHER GERGEN PO BOX 2008 DURHAM NC 27702 2778625 0 X FORWARDCITIES.ORG X 2005 NC TO CREATE OPPORTUNITIES FOR SHARED PROSPERITY THROUGH INCLUSIVE AND EQUITABLE ENTREPENEURIAL ECOSYSTEM DEVELOPMENT. 10 9 24 20 0 0 530891 2273229 877500 505396 0 0 22774 0 1431165 2778625 0 0 0 0 450522 1542764 0 0 0 647657 822002 1098179 2364766 332986 413859 655260 1137143 197659 155683 457601 981460 X CONNECT CROSS SECTOR LEADERS WITH EACH OTHER AND WITH THE SMARTEST IDEAS AND PRACTICES FOR MOVING THE NEEDLE ON KEY DIMMENSIONS OF SUCCESS. 0 0 849245 387500 COMMUNITY ENTREPRENEURSHIP ACCELERATORS (CEA): THE COMMUNITY ENTREPRENEURSHIP ACCELERATORS, WHICH WAS LAUNCHED IN 2019, BEGAN IN EARNEST IN 2018 WITH THE SELECTION OF PARTICIPATING CITIES, HIRING ON THE GROUND LOCAL DIRECTORS, AND BUILDING THE PROGRAM FOR SUCCESS. THE CEA PROGRAM IS DEVELOPED TO ACHIEVE SHORT-TERM OUTCOMES TO LAY THE FOUNDATION FOR ACHIEVING MEDIUM-TERM IMPACTS. THE CITIES SELECTED FOR CEA WORK INCLUDED: PITTSBURGH, PA, INDIANAPOLIS, IN, FRANKLIN COUNTY, OH, AND WESTMORELAND COUNTY, PA. 608722 ESHIP COMMUNITIES: ESHIP COMMUNITIES, WITH SUPPORT FROM THE KAUFFMAN FOUNDATION, LAUNCHED IN 2019 WITH SIGNIFICANT GROUNDWORK IN LATE-2018. THIS WORK INCLUDED SELECTION OF A CITY, KANSAS CITY, MO, AND THE HIRING OF A LOCAL DIRECTOR TO WORK WITH LOCAL ENTREPRENEURS IN THE KANSAS CITY AREA. IN 2019, WORK EXPANDED INTO BALTIMORE, THE RIO GRANDE REGION OF NEW MEXICO, AND LONG BEACH, CA 207501 100000 THROUGH OUR NATIONAL MEMBERSHIP WORK, FORWARD CITIES FACILITATES A LEARNING NETWORK FOR MEMBER CITIES THROUGH VIRTUAL AND IN-PERSON LEARNING OPPORTUNITIES WITH EXPERTS IN THE AREA OF ENTREPRENEURSHIP AND ECOSYSTEM DEVELOPMENT. 155080 17896 FORWARD CITIES CONDUCTS RESEARCH THAT OFFERS NEW INSIGHT ON WHAT ENABLES CITIES TO THRIVE AND THAT PROVIDES ACTIONABLE STRATEGIES FOR CITIES.INNOVATENC IS A CROSS-CITY INITIATIVE HELPING RURAL, SMALL, AND MEDIUM-SIZED COMMUNITIES ACROSS THE STATE TRANSITION TO A KNOWLEDGE-BASED ECONOMY BY DEVELOPING VIBRANT INNOVATION ECOSYSTEMS. AN INNOVATION ECOSYSTEM IS A COLLECTION OF PEOPLE, ORGANIZATIONS, POLICIES, AND PROGRAMS THAT PRODUCE GOODS AND SERVICES THAT ARE NEW, HIGHLY VALUED, AND HARD TO REPLICATE AND OUTSOURCE. THIS PROGRAM IS A PUBLIC-PRIVATE PARTNERSHIP BETWEEN FORWARD CITIES AND THE NORTH CAROLINA DEPARTMENT OF COMMERCE'S OFFICE OF SCIENCE, TECHNOLOGY, AND INNOVATION.MINIMAL VIABLE SOLUTIONS (MVS) 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 IN THE COURSE OF 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. 155080 17896 1820548 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 23 0 1 24 1 0 0 0 0 0 0 0 0 0 0 X 10 9 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X THE CORPORATION 9199284480 201 WEST MAIN STREET SUITE 115 DURHAM NC 27701 BRIAN PAYNE CHAIR 1.00 X X 0 0 0 WALKER SANDERS VICE CHAIR 1.00 X X 0 0 0 CATHY BELK TREASURER 0.50 X X 0 0 0 PAUL S GROGAN MEMBER 0.50 X 0 0 0 TAWANNA BLACK MEMBER 0.50 X 0 0 0 MAURICE JONES MEMBER 0.50 X 0 0 0 ALEX DERKSON MEMBER 0.50 X 0 0 0 BRANDON COSBY MEMBER 0.50 X 0 0 0 JEAN HORSTMAN MEMBER 0.50 X 0 0 0 CHRISTOPHER GERGEN CEO 40.00 X 170291 0 2795 170291 0 2795 1 0 1 0 0 216608 2056621 2273229 CONTRACT REVENUE 900099 487500 487500 PROGRAM FEES 900099 17896 17896 505396 2778625 505396 0 0 173266 127472 45794 1212828 1067150 145678 57006 41939 15067 99664 84714 14950 14031 14031 113845 39766 74079 23866 23866 11755 11755 30388 22356 8032 116646 84953 31693 212368 212368 4842 4842 BAD DEBT EXPENSE 126595 126595 COMMUNITY INNOVATATION 70848 70848 DEVELOPMENT & OPERATION 51702 51702 MVS EXPENSES 27718 27718 17398 17398 2364766 1820548 544218 0 277465 720215 397000 376295 16928 1500 3000 655260 1137143 25159 155683 172500 197659 155683 X 457601 53045 928415 457601 981460 655260 1137143 413859 110000 0 X X 0 1 X 1 0 X 884894 644032 909753 1408391 2273229 6120299 884894 644032 909753 1408391 2273229 6120299 1154384 4965915 350 300 3000 5000 8650 6128949 505396 0.81020 0.99800 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 X 2778625 0 2778625 0 2778625 2364766 0 2364766 0 2364766 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 CHRISTOPHER GERGEN CEO 170291 0 0 0 0 0 2795 0 0 0 173086 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 BUDGET APPROVAL PROCESS WHICH THAT SALARY IS EXPLICIT IN THE CONTEXT OF THE BUDGET 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. PART XII FINANCIAL STATEMENT AND REPORTING LINE 2C BOARD AND CEO REVIEWS DRAFT FINANCIAL STATEMENTS AND 990 FOR APPROVAL.