For-M Foundation Inc
- Assets
- $590.1k
- Revenue
- $587.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Milwaukee, WI
- Founding
- Data as of
- 12/2022
- EIN
- 84-4165560
Organization Overview
For-M Foundation Inc is located in Milwaukee, WI. According to its NTEE Classification (S99) the organization is classified as: Community Improvement & Capacity Building N.E.C., 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. For-M Foundation 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 12/2022, For-M Foundation Inc generated $587.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (17.6%) each year. All expenses for the organization totaled $950.7k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
DEVELOP DIVERSE SOURCES OF TECH TALENT AND STARTUPS FROM K-12, UNIVERSITY, AND NON-TRADITIONAL CAREER PATHWAYS
Describe the Organization's Program Activity:
Part 3 - Line 4a
TALENT RESKILLING/UPSKILLING: WE PROVIDE OPPORTUNITIES FOR UPSKILLING AND RESKILLING TO EXPAND BOTH THE CAPACITY AND DIVERSITY OF OUR TECH TALENT. SIGNATURE PROGRAMS INCLUDE TECH APPRENTICESHIPS A PREFERRED PROVIDER RESKILLING NETWORK FOR NON-TRADITIONAL SKILLS DEVELOPMENT, AND AI UPSKILLING. WE LEVERAGE STATE AND FEDERAL GRANTS TO OFFSET THE COSTS AND RISKS SO THAT EMPLOYERS CAN INVEST IN RESKILLING AND UPSKILLING.
STARTUP: SCALABLE TECH STARTUPS DRIVE INNOVATION AND EMPLOYMENT. THE COALITION SUPPORTS START UP FIRMS THROUGHOUT THEIR LIFE CYCLE THROUGH FUNDING AND MENTORING PROGRAMS. SIGNATURE PROGRAMS INCLUDE OUR FOR-M INCUBATOR.
TALENT K20: RECOGNIZING THAT DEVELOPING DIVERSE TECH TALENT IS CRITICAL TO A VIBRANT TECH COMMUNITY, THE COALITION SUPPORTS TECHNOLOGY EDUCATION AND OPPORTUNITIES TO ATTRACT, DEVELOP, AND RETAIN DIVERSE REGIONAL STUDENTS TO CREATE A STRONG EARLY TALENT PIPELINE. SIGNATURE PROGRAMS INCLUDE HOUR OF TECH AND FUSE.
TALENT ATTRACTION/RETENTION: SUPPORT PROGRAMS AND EFFORTS TO ATTRACT TECH WORKERS TO THE REGION AND ENSURE EXISTING TECH WORKS CHOOSE TO REMAIN. SIGNATURE ASSETS INCLUDE CHOOSEMKETECH.ORG TO SHOWCASE OUR REGION.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Molly Mulroy Chair | OfficerTrustee | 0.5 | $0 |
Sangeetha Rai Vice Chair | OfficerTrustee | 0.5 | $0 |
Dan Renouard Treasurer | OfficerTrustee | 0.5 | $0 |
Rebecca Janutis Director | Trustee | 0.5 | $0 |
Wendy Schafer Director | Trustee | 0.5 | $0 |
Eric Senn Director | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $175,000 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $412,126 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $587,126 |
| Total Program Service Revenue | $0 |
| 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 | $587,126 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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 | $473,382 |
| Pension plan accruals and contributions | $12,432 |
| Other employee benefits | $41,507 |
| Payroll taxes | $34,724 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,100 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $17,690 |
| Advertising and promotion | $705 |
| Office expenses | $33 |
| Information technology | $78 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $1,048 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $6,315 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $950,680 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $286,432 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $126,694 |
| 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 | $177,000 |
| Total assets | $590,126 |
| Accounts payable and accrued expenses | $19,594 |
| 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 | $431,426 |
| Total liabilities | $451,020 |
| Net assets without donor restrictions | $9,106 |
| Net assets with donor restrictions | $130,000 |
| 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 | $590,126 |