Nonprofit · EIN 39-1571083
FORWARD FOUNDATION INC
Tax-exempt · JANESVILLE, WI 53548
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| February 28, 2025 | 990 | $356,970 | $333,588 | $23,382 | $2,342,845 | $213,678 | $2,129,167 |
| February 29, 2024 | 990 | $978,936 | $665,609 | $313,327 | $2,344,364 | $238,579 | $2,105,785 |
| February 28, 2023 | 990 | $407,249 | $335,824 | $71,425 | $1,997,790 | $205,332 | $1,792,458 |
Financial details: 990 for the year ended February 28, 2025
Revenue
- Contributions, gifts and grants
- $187,058
- Program service revenue
- $207,043
- Investment income
- $21,275
- Net rental income
- -$1,668
- Net income from fundraising events
- -$56,738
- Other revenue
- -$58,406
Expenses
- Grants and similar amounts paid
- $57,500
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $58,236
- Occupancy
- $58,803
- Program services (functional)
- $186,248
- Management and general (functional)
- $147,340
Balance sheet and other
- Total assets, start of year
- $2,344,364
- Total assets, end of year
- $2,342,845
- Total liabilities, end of year
- $213,678
- Net assets, end of year
- $2,129,167
- Land, buildings and equipment
- $1,151,070
- Net assets without donor restrictions
- $572,401
- Net assets with donor restrictions
- $1,556,766
- Gross unrelated business income
- -$3,954
- Gross receipts
- $475,132
- Employees
- 0
- Volunteers
- 10
- Year formed
- 1986
- State of legal domicile
- WI
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended February 28, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| Sharlon Hermanson | President Officer | 1 | $0 | $70,316 | $823 |
| Corinne Webber | Mgr Finance & Ops Officer | 1 | $0 | $41,804 | $4,808 |
| Angela Pakes | President (until 3/1/24) Officer | 1 | $0 | $38,241 | $6,011 |
| Craig DeGarmo | Director Trustee or director | 1 | $0 | $0 | $0 |
| Larry Squire | Director Trustee or director | 1 | $0 | $0 | $0 |
| Sean Kennedy | Director Trustee or director | 1 | $0 | $0 | $0 |
| Lynn Gardinier | Director Trustee or director | 1 | $0 | $0 | $0 |
| Tim Lindau | Director Trustee or director | 1 | $0 | $0 | $0 |
| Derek Greene | Vice Chair Trustee or director, Officer | 1 | $0 | $0 | $0 |
| Michael Gilbertson | Future Vice Chair Trustee or director, Officer | 1 | $0 | $0 | $0 |
| Oakleigh Ryan | Past Chair Trustee or director, Officer | 1 | $0 | $0 | $0 |
| David Hiller | Chair Trustee or director, Officer | 1 | $0 | $0 | $0 |
| George Cullen | Treasurer Trustee or director, Officer | 1 | $0 | $0 | $0 |
990 for the year ended February 29, 2024: 9 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| Angela Pakes | President Officer | 1 | $0 | $174,882 | $30,308 |
| Craig DeGarmo | Director Trustee or director | 1 | $0 | $0 | $0 |
| Larry Squire | Director Trustee or director | 1 | $0 | $0 | $0 |
| Sean Kennedy | Director Trustee or director | 1 | $0 | $0 | $0 |
| Lynn Gardinier | Director Trustee or director | 1 | $0 | $0 | $0 |
| David Hiller | Vice Chair Trustee or director, Officer | 1 | $0 | $0 | $0 |
| Tim Lindau | Past Chair Trustee or director, Officer | 1 | $0 | $0 | $0 |
| Oakleigh Ryan | Chair Trustee or director, Officer | 1 | $0 | $0 | $0 |
| Mick Gilbertson | Treasurer Trustee or director, Officer | 1 | $0 | $0 | $0 |
990 for the year ended February 28, 2023: 9 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| Angela Pakes | President Officer | 1 | $0 | $141,396 | $17,252 |
| Craig DeGarmo | Director Trustee or director | 1 | $0 | $0 | $0 |
| Larry Squire | Director Trustee or director | 1 | $0 | $0 | $0 |
| Barry Brandt | Director (until 10/31/22) Trustee or director | 1 | $0 | $0 | $0 |
| Sean Kennedy | Director Trustee or director | 1 | $0 | $0 | $0 |
| David Hiller | Secretary/Treasurer Trustee or director, Officer | 1 | $0 | $0 | $0 |
| Lynn Gardinier | Past Chair Trustee or director, Officer | 1 | $0 | $0 | $0 |
| Tim Lindau | Chair Trustee or director, Officer | 1 | $0 | $0 | $0 |
| Oakleigh Ryan | Vice Chair Trustee or director, Officer | 1 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 14 S JACKSON ST STE 200, JANESVILLE, WI 53548-3878
- In care of
- % SHAR HERMANSON
- Principal officer (990 for 2024)
- Shar Hermanson, 14 S Jackson St 200, Janesville, WI 53548
- Signed the 990
- Shar Hermanson, President
- Phone
- (608) 757-3160
- Return prepared by
- RSM US LLP
Mission
The purpose is to encourage economic development by marketing and promoting activities aimed at attracting new industries to Janesville.
Program accomplishments
- Rock County 5.0 Project: This is a joint-county effort to improve the economic condition of the area. This effort will consist of 5 economic development strategies - Business Retention & Expansion, Business & Investment Attraction, Real Estate Positioning, Small Business & Entrepreneurship, & Workforce Profiling.Expenses $97,668 · revenue $166,132
- Economic Development: the purpose is to encourage economic development by marketing & promoting activities aimed at attracting new industries to Janesville.Expenses $66,182 · grants $57,500 · revenue $43,197
- Vision Forward Fund: the Vision Forward Fund (VFF) catalyzes change in the following four areas: Brand & Advocacy, Development Culture for Economic Opportunity, Talent Retention & Attraction, Business Retention & Strategic Diversification.Expenses $22,398
- Woodman's Sports & Convention Center: the purpose is to encourage development of the sports & convention center by marketing & promoting activities.
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in February, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | February 28, 2026 | July 15, 2026 | Not on file |
| 2024 | February 28, 2025 | July 15, 2025 | 990 on file |
| 2023 | February 29, 2024 | July 15, 2024 | 990 on file |
IRS record
- EIN
- 39-1571083
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1987
- Accounting year ends
- February
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S31Z)
- Assets (IRS master file)
- $2,342,845
- Income (IRS master file)
- $475,132
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | February 2025 | $356,970 | $333,588 | $2,342,845 | XML |
| 990-T | February 2025 | – | – | – | IRS |
| 990 | February 2024 | $978,936 | $665,609 | $2,344,364 | XML |
| 990-T | February 2024 | – | – | – | IRS |
| 990 | February 2023 | $407,249 | $335,824 | $1,997,790 | XML |
| 990-T | February 2023 | – | – | – | IRS |
| 990 | February 2022 | – | – | – | IRS |
| 990-T | February 2022 | – | – | – | IRS |
| 990 | February 2021 | – | – | – | IRS |
| 990-T | February 2021 | – | – | – | IRS |
| 990 | February 2019 | – | – | – | IRS |
| 990 | February 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 39-1571083).
Questions about FORWARD FOUNDATION INC
- What is the EIN of FORWARD FOUNDATION INC?
- The employer identification number (EIN) of FORWARD FOUNDATION INC is 39-1571083.
- Is FORWARD FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1987.
- Are donations to FORWARD FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does FORWARD FOUNDATION INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of FORWARD FOUNDATION INC due?
- The return for tax year 2025 (the year ending February 28, 2026) is due July 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did FORWARD FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended February 2025.
- Who is the principal officer of FORWARD FOUNDATION INC?
- The 990 for the year ended February 28, 2025 names Shar Hermanson.
- Who are the officers and directors of FORWARD FOUNDATION INC?
- The 990 for the year ended February 28, 2025 lists 13 people; 0 received compensation from the organization.
- How much revenue does FORWARD FOUNDATION INC have?
- On its 990 for the year ended February 28, 2025 it reported revenue of $356,970, expenses of $333,588 and total assets of $2,342,845 at year end.
Other nonprofits in JANESVILLE
- FISCC INC EIN 92-3967306 · last filed 990 for 2025
- DOWNTOWN JANESVILLE INC EIN 38-3672455 · last filed 990 for 2025
- JANESVILLE INNOVATION INC EIN 46-3516056 · last filed 990 for 2024
- GENETIC COUNSELOR EDUCATORS ASSOCIATION EIN 30-0010063 · last filed 990-EZ for 2025
- JANESVILLE ROTARY FOUNDATION EIN 39-1092586 · last filed 990 for 2025
- ROCKY MOUNTAIN CHAPTER OF THE PROFESSIONAL CONVENTION MANAGEMENT EIN 84-1288155 · last filed 990-EZ for 2024
- WISCONSIN PUBLIC TRANSPORTATION ASSOCIATION INC EIN 81-5264773 · last filed 990 for 2025
- ROCK-GREEN REALTORS ASSOCIATION INC EIN 39-6084474 · last filed 990-EZ for 2025
All nonprofits in JANESVILLE · Wisconsin · Community improvement and capacity building