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/
What are the reviews and ratings of this charity?
Charity Navigator Rating: 95% - Four-Star out of Four Star Rating from Charity Navigator
Forward Cities Inc has received a strong Four-Star rating from Charity Navigator, reflecting its high standards in accountability and finance as well as its effective community engagement. With an impressive Accountability & Finance score of 96 and a Program Expense Ratio of 79.03%, the organization demonstrates a strong commitment to utilizing funds efficiently to support its programs.
The organization excels in governance, showcasing a fully independent board and robust oversight practices. The absence of liabilities indicates a solid financial foundation, and the perfect scores in areas such as constituent feedback collection and usage highlight its responsiveness to community needs and stakeholder input.
However, while overall performance is commendable, the Culture & Community score of 86 and the Equity Strategies score of 79 reveal potential areas for improvement. These aspects suggest that while the organization is effective in many areas, ongoing efforts to enhance its inclusivity and community engagement strategies could further strengthen its impact.
This AI summary has been generated from information found on Charity Navigator.
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.
Heare 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):
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- Compensation: $149,485
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- Other: $7,177
Official website here: www.forwardcities.org/
Where can I find the form 990 for Forward Cities Inc?
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.
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Impact
October, 2024
Forward Cities Inc has a profound impact on fostering equitable entrepreneurial ecosystems in communities across the nation. By equipping community leaders and catalyzing narrative change, it addresses systemic inequities and enhances collaboration among diverse stakeholders.
One of the key initiatives, ESHIP Communities, employs a bottom-up approach to strengthen local entrepreneurial networks, cultivating relationships and social capital. As a result, pilot communities benefit from tailored support that fosters inclusion and collaboration, enabling sustainable growth within their ecosystems.
In Durham, North Carolina, the E3 Durham program emphasizes resource allocation to equip entrepreneurs and enhance the capacity of entrepreneurial service providers. This initiative not only repairs community relationships but also positions Durham as a model for equitable entrepreneurship, showcasing how local assets can drive economic development.
Forward Cities also engages in data-driven, community-informed processes, such as in the Jeanette initiative, where it aligns community needs with effective interventions to ensure actionable outcomes. The Indy E3 engagement further demonstrates its commitment to racial equity by activating coalitions that support short-term recovery and long-term resilience for Black and Latinx-owned businesses.
Through strategic partnerships with educational institutions, such as the University of Oregon, Forward Cities facilitates workshops that enhance regional entrepreneurial ecosystems, thus broadening its impact beyond single communities.
Overall, Forward Cities Inc’s work is pivotal in reshaping narratives around entrepreneurship, building trust within communities, and establishing frameworks for sustainable economic growth that prioritize equity and inclusivity.
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.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Program Service Revenue: $183,730
- Gross Receipts: $1,860,427
Assets and Liabilities:
- Total Assets: $790,542
- Total Liabilities: $0
- Net Assets: $790,542
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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
Phone
(910) 928-4480Principal Officer
Fay Horwitt
Main Address
PO BOX 2008, DURHAM, NC, 27702
Website
www.forwardcities.org/NTEE Category
Code: S31 - Community improvement
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