Forward Cities Inc

Organization Overview

Forward Cities Inc is located in Durham, NC. The organization was established in 2006. According to its NTEE Classification (S31) the organization is classified as: Urban & Community Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, Forward Cities Inc employed 36 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Forward Cities Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 12/2021, Forward Cities Inc generated $2.5m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 15.4% each year . All expenses for the organization totaled $2.1m during the year ending 12/2021. While expenses have increased by 12.8% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

TO CREATE OPPORTUNITIES FOR SHARED PROSPERITY THROUGH INCLUSIVE AND EQUITABLE ENTREPENEURIAL ECOSYSTEM DEVELOPMENT.

Describe the Organization's Program Activity:

Part 3 - Line 4a

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.


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.


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.


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Board, Officers & Key Employees

Name (title)Compensation
Faye Horwitt
CEO
$144,805
Adrian Smith
Treasurer
$0
Cathy Belk
Chair
$0
Brandon Cosby
Member
$0
Pete Carlson
Member
$0
Trevor Smith
Member
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $353,742
All other contributions, gifts, grants, and similar amounts not included above$1,678,086
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$2,031,828
Total Program Service Revenue$428,359
Investment income $0
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $2,460,187

Grants Awarded

Over the last fiscal year, Forward Cities Inc has awarded $1,104,133 in support to 2 organizations.

Grant RecipientAmount

LIVING CITIES INC

PURPOSE: TALENT DIVIDEND

$1,061,633

LOCAL PROJECTS LLC

PURPOSE: CHANGE BY US - PHASE 1

$42,500
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 3 grants that Forward Cities Inc has recieved totaling $1,145,000.

Awarding OrganizationAmount
Ewing Marion Kauffman Foundation

Kansas City, MO

PURPOSE: SUPPORT FOR IMPLEMENTING AND TESTING A REPLICABLE, GRASSROOTS-BASED APPROACH TO STRENGTHENING ENTREPRENEURIAL ECOSYSTEMS. 202002-8002

$1,121,000
Pittsburgh Foundation

Pittsburgh, PA

PURPOSE: ECONOMIC DEVELOPMENT

$14,000
Nc Idea

Durham, NC

PURPOSE: ENGAGE GRANTS

$10,000
View Grant Recipient Profile

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