2026-07-01T10:36:45-05:00 2024-06-30 331706925 AMANDA LUKE CPA PLLC PO BOX 3065 WILMINGTON NC 28406 990 2023-09-06 933423161 PAY IT FORWARD FUND LLC PAYI 9196072417 717 MARKET STREET WILMINGTON NC 28401 MEAGHAN DENNISON CHIEF EXECUTIVE OFFICER 9196072417 2026-06-30 1 1 AMANDA LUKE CPA P01629576 9108610631 2026-06-30 2023 2025-03-06 01:10:19Z X MEAGHAN DENNISON 717 MARKET STREET WILMINGTON NC 28401 2426271 0 X HTTPS://THEFORWARD.FUND/ X LIMITED LIABILITY COMPANY 2023 NC THE FORWARD FUND IS NORTH CAROLINA'S FIRST PAY-IT-FORWARD WORKFORCE FINANCING MODEL, EXPANDING ACCESS TO SHORT-TERM, HIGH-IMPACT CREDENTIALED TRAINING PROGRAMS THAT LEAD DIRECTLY TO CAREERS IN HIGH-WAGE SECTORS. THROUGH ZERO-INTEREST, OUTCOMES-BASED LOANS ALIGNED WITH WORKFORCE NEEDS, TFF IS STRENGTHENING NORTH CAROLINA'S WORKFORCE AND FUELING SUSTAINABLE ECONOMIC GROWTH. 5 4 0 5 0 0 2425000 0 1271 0 2426271 0 0 81446 0 15248 67417 148863 2277408 2287338 9930 2277408 X THE FORWARD FUND IS NORTH CAROLINA'S FIRST PAY-IT-FORWARD WORKFORCE FINANCING MODEL, EXPANDING ACCESS TO SHORT-TERM, HIGH-IMPACT CREDENTIALED TRAINING PROGRAMS THAT LEAD DIRECTLY TO CAREERS IN HIGH-WAGE SECTORS. THROUGH ZERO-INTEREST, OUTCOMES-BASED LOANS ALIGNED WITH WORKFORCE NEEDS, TFF IS STRENGTHENING NORTH CAROLINA'S WORKFORCE AND FUELING SUSTAINABLE ECONOMIC GROWTH. 0 0 89722 THE FORWARD FUND IS NORTH CAROLINA'S FIRST PAY-IT-FORWARD FUNDING MODEL. IT INVESTS IN STUDENTS TO ENROLL, GRADUATE, AND ATTAIN HIGH-WAGE EMPLOYMENT THROUGH TAILORED FINANCIAL SUPPORT WHILE ENSURING LOCAL EMPLOYERS FIND THE SKILLED TALENT THEY NEED. 89722 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 5 4 0 0 0 0 0 0 0 1 0 0 0 1 1 1 1 0 0 1 0 0 X MEAGHAN DENNISON 9196072414 717 MARKET STREET WILMINGTON NC 28401 MEAGHAN DENNISON CHIEF EXEUCTIVE OFFICER 40.00 0.00 X X 0 104390 11392 KATE GROAT DIRECTOR 1.00 X 0 0 0 GREGG GOLDENBERG DIRECTOR 1.00 X 0 0 0 ANDREA JOHNSTON CHAIR 1.00 X X 0 0 0 JOHN GILLESPIE DIRECTOR 1.00 X 0 0 0 0 104390 11392 0 0 0 0 0 2425000 100000 2425000 1271 1271 2426271 0 0 1271 X 76150 41114 23694 11342 5296 3019 1589 688 12239 2448 9791 262 262 35237 33123 2114 11041 8833 1104 1104 943 943 1090 1090 1650 1650 16 16 1169 1169 3160 3160 OTHER FEES 600 600 BANK FEES 10 10 148863 89722 43893 15248 62667 301281 1915703 6037 0 1650 0 2287338 9930 0 9930 X 2277408 0 2277408 0 2287338 2277408 0 X 0 1 X 0 0 X 2425000 2425000 2425000 2425000 2425000 1271 1271 2426271 X PART II, LINE 13 THE ORGANIZATION'S INITIAL TAX YEAR WAS A SHORT YEAR BEGINNING ON THE DATE OF FORMATION, SEPTEMBER 6, 2023, AND ENDING JUNE 30, 2024. THIS SHORT YEAR IS INCLUDED IN THE FIVE-YEAR PUBLIC SUPPORT COMPUTATION PERIOD REPORTED ON SCHEDULE A, PART II. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 X PART X, LINE 2: THE ORGANIZATION IS A NOT-FOR-PROFIT EXEMPT FROM FEDERAL AND STATE INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND THE NORTH CAROLINA DEPARTMENT OF REVENUE. CONTRIBUTIONS TO THE ORGANIZATION ARE TAX DEDUCTIBLE. THEREFORE, NO PROVISION FOR INCOME TAXES HAS BEEN MADE IN THE ACCOMPANYING COMBINED FINANCIAL STATEMENTS. IT IS THE ORGANIZATION'S POLICY TO EVALUATE ALL TAX POSITIONS TO IDENTIFY ANY THAT MAY BE CONSIDERED UNCERTAIN. ALL IDENTIFIED MATERIAL TAX POSITIONS ARE ASSESSED AND MEASURED BY A MORE-LIKELY-THAN-NOT THRESHOLD TO DETERMINE IF THE TAX POSITION IS UNCERTAIN AND WHAT, IF ANY, THE EFFECT OF THE UNCERTAIN POSITION MAY HAVE ON THE COMBINED FINANCIAL STATEMENTS. NO MATERIAL UNCERTAIN TAX POSITIONS WERE IDENTIFIED FOR THE YEAR ENDED JUNE 30, 2024. ANY CHANGE IN THE AMOUNT OF A TAX POSITION WILL BE RECOGNIZED IN THE PERIOD THE CHANGE OCCURS. AS OF JUNE 30, 2024, AND INCLUDING THE PREVIOUS THREE (3) YEARS CONSIDERING EXTENSIONS, THE ORGANIZATION'S INCOME TAX RETURNS ARE OPEN AND SUBJECT TO EXAMINATION BY TAX AUTHORITIES AND RELEVANT JURISDICTION. SHOULD SUCH AN EXAMINATION TAKE PLACE, MANAGEMENT DOES NOT ANTICIPATE ANY SIGNIFICANT ISSUES RELATED TO THE OPEN YEARS. THE FORWARD FUND HAS ONLY BEEN IN EXISTENCE SINCE SEPTEMBER 6, 2023 AND THIS IS THEIR INITIAL YEAR FILING. X 1 100000 PLEDGE AMOUNT 0 0 0 PART I, COLUMN (B): THE ORGANIZATION IS REPORTING THE NUMBER OF CONTRIBUTIONS. FORM 990, PART VI, SECTION A, LINE 8B THE ORGANIZATION DID NOT HAVE ANY COMMITTEES DURING THE CURRENT FISCAL YEAR. FORM 990, PART VI, SECTION B, LINE 11B A COPY OF THE FORM 990 IS DISTRIBUTED, REVIEWED, AND APPROVED INTERNALLY BEFORE IT IS FILED WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD SIGNS AN ANNUAL CONFLICT OF INTEREST STATEMENT. FORM 990, PART VI, SECTION B, LINE 15A COMPENSATION FOR THE CEO WAS DETERMINED BY THE BOARD IN CONJUCTION AND APPROVED AS PART OF THE ANNUAL BUDGET. THE ORGANIZATION WILL ENGAGE A HUMAN RESOURCES AUDIT WITHIN THE FIRST THREE YEARS OF OPERATION TO PERFORM AN AUDIT OF COMPENSATION AND REVISED SALARY SCHEDULE FOR THE CEO. FORM 990, PART VI, SECTION C, LINE 19 THESE DOCUMENTS ARE AVAILABLE UPON WRITTEN REQUEST. FORM 990, PART IX, LINE 11G CONTRACT SERVICES: PROGRAM SERVICE EXPENSES 33,123. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 2,114. TOTAL EXPENSES 35,237. CAPE FEAR AFFORDABLE HOUSING LLC PO BOX 7746 WILMINGTON NC 28406 863342110 AFFORDABLE RENTAL HOUSING NC 0 0 COLLECTIVE IMPACT IN NEW HANOVER COUNTY INC CAPE FEAR COLLECTIVE VENTURES LLC PO BOX 7746 WILMINGTON NC 28406 863352330 AFFORDABLE RENTAL HOUSING NC 0 0 COLLECTIVE IMPACT IN NEW HANOVER COUNTY INC CAPE FEAR COLLECTIVE CAPITAL LLC PO BOX 7746 WILMINGTON NC 28406 882322580 AFFORDABLE RENTAL HOUSING NC 0 0 COLLECTIVE IMPACT IN NEW HANOVER COUNTY INC MISSION DRIVEN MOTORS LLC PO BOX 7746 WILMINGTON NC 28406 883237212 AFFORDABLE TRANSPORTATION NC 0 0 COLLECTIVE IMPACT IN NEW HANOVER COUNTY INC COLLECTIVE IMPACT IN NEW HANOVER COUNTY INC PO BOX 7746 WILMINGTON NC 28406 833263326 IMPACT INVESTING PROGRAMS NC 501(C)(3) LINE 10 N/A 0 CAPE FEAR COLLECTIVE IMPACT OPPORTUNITY 1 LLC PO BOX 7746 WILMINGTON NC 28406 854312875 AFFORDABLE HOUSING NC N/A N/A 0 0 CAPE FEAR COLLECTIVE IMPACT OPPORTUNITY 2 LLC PO BOX 7746 WILMINGTON NC 28406 874501191 AFFORDABLE HOUSING NC N/A N/A 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 COLLECTIVE IMPACT IN NEW HANOVER COUNTY INC P 109297 EXPENSES PAID COLLECTIVE IMPACT IN NEW HANOVER COUNTY INC S 400000 CASH PAID