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Forward Cities Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 134302280 ✦ Durham, NC ✦ Designated as a 501(c)(3)

Overview

What is Forward Cities Inc?

Forward Cities Inc, based in Durham, North Carolina, is a nonprofit organization dedicated to enhancing equitable entrepreneurial ecosystems across various communities. They leverage their expertise in convening diverse stakeholders to assess the health of these ecosystems and provide consulting services. Notable accomplishments include guiding four pilot communities in the final stages of their ecosystem projects, launching an SBA Community Navigator program in Durham, and facilitating data-driven conversations to match community needs with ecosystem building interventions. Their mission is to equip community leaders, catalyze narrative change, and measure progress over time, utilizing their nationwide ecosystem building experiences.


Official website here: www.forwardcities.org/

Is Forward Cities Inc legitimate?

Forward Cities Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Forward Cities Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.

Here are some key statistics you may want to consider:

Executive Compensation: $156,662
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,024,184

For more financial information, click here


Official website here: www.forwardcities.org/

What is the mission statement of Forward Cities Inc?

Forward Cities Inc's mission is centered around equipping community leaders, catalyzing narrative change, and measuring progress over time. They accomplish this by leveraging their experience in ecosystem building across various communities. The organization's primary focus is on promoting equitable entrepreneurial ecosystems, providing consulting services, and fostering collaborations among diverse stakeholders. One of their key initiatives is ESHIP Communities, a community-driven approach that encourages inclusion, relationships, collaboration, and social capital among entrepreneurs and their supporters. The program has been instrumental in developing a repeatable, bottom-up method for building and strengthening entrepreneurial ecosystems. In 2022, Forward Cities was selected to implement an SBA Community Navigator program in Durham, NC. Branded as E3 Durham, the program aims to equip entrepreneurs for success and enhance the capacity of entrepreneurial service providers, thereby fostering a robust and equitable entrepreneurial ecosystem. The organization also facilitated data-driven, community-informed trust-building conversations in Jeanette, aiming to match community needs with ecosystem building interventions. The engagement concluded with an action plan for implementation by local leaders. In summary, Forward Cities Inc is dedicated to empowering community leaders, catalyzing change, and measuring progress in equitable entrepreneurial ecosystems, leveraging their experience in ecosystem building across various communities.


Official website here: www.forwardcities.org/

Who is the CEO of Forward Cities Inc?

Fay Horwitt is the Member of Forward Cities Inc. The CEO's salary of Forward Cities Inc is $149,485 and their total compensation is $156,662.


Official website here: www.forwardcities.org/

What is the revenue of Forward Cities Inc?

Forward Cities Inc's revenue in 2022 was $1,860,427.


Official website here: www.forwardcities.org/

Who are the executives of Forward Cities Inc and what are their salaries?

The average compensation at Forward Cities Inc during 2022 was $51,341. There are 23 employees and 6 volunteers at Forward Cities Inc.

Here are 7 key members and their salaries (Forward Cities Inc's CEO's salary is $149,485 and their total compensation is $156,662):

    C Fay Horwitt (President And Ceo)
  • Compensation: $149,485
  • Related: $0
  • Other: $7,177

    • Demetra Brown (Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Christina Cain (Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Lauren Paul (Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Trevor Smith (Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Pete Carlson (Board Chair) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Adrian Smith (Treasurer) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.forwardcities.org/

    Where can I find the form 990 for Forward Cities Inc?

    The Forward Cities Inc’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.forwardcities.org/

    Learn more at the official website: www.forwardcities.org/

    Mission Statement of Forward Cities Inc

    Forward Cities Inc is an organization dedicated to equipping community leaders and catalyzing narrative change, while simultaneously measuring progress over time. This is achieved by leveraging their firsthand experiences in ecosystem building across various regions of the nation. Their mission is to empower these leaders to foster inclusive and collaborative entrepreneurial ecosystems, thereby promoting social capital and strengthening networks of entrepreneurs and their supporters.

    In a nutshell, Forward Cities Inc serves as a bridge between diverse stakeholders, assessing the health of equitable entrepreneurial ecosystems (E3) in various cities. By utilizing their extensive experience, they provide consulting services to enhance and fortify these ecosystems, ultimately benefiting both entrepreneurs and the communities they serve. Their initiatives have included programs such as ESHIP Communities, which facilitated a bottom-up approach to building and strengthening entrepreneurial ecosystems. Additionally, Forward Cities Inc has collaborated with organizations in Durham, NC, and other communities, implementing programs designed to equip entrepreneurs for success and increase collaboration between entrepreneurial service providers. These initiatives aim to repair community relationships impacted by systemic inequalities and foster trust, positioning these communities as models for regional economic growth.

    Impact

    This information is meant to be a general summary of Forward Cities Inc. Please take the time to review official sources before making any decisions based upon the content provided here.




    Thursday, August 15, 2024

    Forward Cities Inc's impact can be seen in its efforts to equip community leaders, catalyze narrative change, and measure progress over time. The organization leverages first-hand ecosystem building experiences across the nation to support inclusive entrepreneurial ecosystems. One of its key programs, ESHIP Communities, fosters inclusion, relationships, collaboration, and social capital among entrepreneurs and their supporters. Additionally, initiatives like E3 Durham aim to equip entrepreneurs for success, increase collaboration among service providers, and repair community relationships damaged by systemic inequities.

    Through data-driven and community-informed processes like the Jeanette project and E3 Indy engagement, Forward Cities facilitates trust-building conversations and helps ecosystem leaders determine the best strategies to support marginalized business owners for both short-term recovery and long-term resiliency. The organization's work extends to providing consulting services to institutions like the University of Oregon to foster regional entrepreneurial ecosystems.

    Overall, Forward Cities Inc's impact is tangible in its dedication to building equitable and thriving entrepreneurial ecosystems in communities across the nation.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

    This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $0
  • Program Service Revenue: $183,730
  • Gross Receipts: $1,860,427

    • Assets and Liabilities:
  • Total Assets: $790,542
  • Total Liabilities: $0
  • Net Assets: $790,542
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    CONSULTING

    Revenue

    $183,730

    Organization Details

    Founding Year

    2005

    Principal Officer

    Fay Horwitt

    Main Address

    PO BOX 2008, DURHAM, NC, 27702

    NTEE Category

    Code: S31 - Community improvement

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