Heartland Forward
- Assets
- $2.8m
- Revenue
- $10.8m
- Investments
- $0.0
- Employees
- 0
- Location
- Bentonville, AR
- Founding
- 02/2020
- Data as of
- 12/2022
- EIN
- 84-2515642
Organization Overview
Heartland Forward is located in Bentonville, AR. The organization was established in 2020. According to its NTEE Classification (S05) the organization is classified as: Research Institutes & Public Policy Analysis, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Heartland Forward 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 12/2022, Heartland Forward generated $10.8m in total revenue. All expenses for the organization totaled $11.1m during the year ending 12/2022.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO IMPROVE THE ECONOMIC PERFORMANCE IN THE CENTER OF THE U.S BY ADVOCATING FOR FACT-BASED SOLUTIONS TO FOSTER JOB CREATION, KNOWLEDGE-BASED AND INCLUSIVE GROWTH, AND IMPROVED HEALTH OUTCOMES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO IMPROVE THE ECONOMIC PERFORMANCE IN THE CENTER OF THE U.S BY ADVOCATING FOR FACT-BASED SOLUTIONS TO FOSTER JOB CREATION, KNOWLEDGE-BASED AND INCLUSIVE GROWTH, AND IMPROVED HEALTH OUTCOMES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Board Director, Secretary | OfficerTrustee | 2 | $0 |
Name Not Listed Board Director, Treasurer | OfficerTrustee | 2 | $0 |
Name Not Listed Board Director, President | OfficerTrustee | 40 | $0 |
Name Not Listed Board Director | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Walton Enterprises Llc Management Fees | 12/30/22 | $3,497,243 |
Markham Group Llc Consulting | 12/30/22 | $2,208,705 |
Builders And Backers Studio Llc Consulting | 12/30/22 | $2,167,478 |
Tusk Strategies Llc Consulting | 12/30/22 | $1,615,659 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $5,405,023 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $5,364,529 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $10,769,552 |
| Total Program Service Revenue | $50,000 |
| Investment income | $30 |
| 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 | $10,819,582 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $235,955 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $3,411,557 |
| Fees for services: Legal | $108,267 |
| Fees for services: Accounting | $96,270 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $6,716,490 |
| Advertising and promotion | $0 |
| Office expenses | $13,196 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $203,828 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,858 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $7,114 |
| Total functional expenses | $11,129,013 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,751,141 |
| Savings and temporary cash investments | $40,030 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,791,171 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $2,009,237 |
| Net assets with donor restrictions | $781,934 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $2,791,171 |
Grants Awarded
Over the last fiscal year, Heartland Forward has awarded $235,955 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
BENTON INSTITUTE FOR BROADBAND & SOCIETY PURPOSE: To work with the state broadband office to develop a customized Accelerate program for Arkansas. | $129,000 |
LULAC INSTITUTE INC PURPOSE: The Grant shall be used for educational outreach and enrollment activities for Latinx households in the EBB in Heartland Forward's geographic focus area. | $50,000 |
WINROCK INTERNATIONAL INSTITUTE FOR AGRICULTURAL DEVELOPMENT PURPOSE: The grant shall be used to dedicate staff and resources to the Accelerate program-including community recruitment, participating in trainings with the Benton Institute, and supporting community cohorts. | $32,000 |
COMMUNITIES UNLIMITED INC PURPOSE: The grant shall be used to dedicate staff and resources to the Accelerate program-including community recruitment, participating in trainings with the Benton Institute, and supporting community cohorts. | $24,955 |