2024-11-15T13:23:48-06:00 2023-12-31 561304727 BLACKMAN & SLOOP ADVISORS INC 1414 RALEIGH ROAD SUITE 300 CHAPEL HILL NC 27517 990 2023-01-01 134302280 FORWARD CITIES INC FORW 9109284480 PO BOX 2008 DURHAM NC 27702 FAY HORWITT PRESIDENT AND CEO 9109284480 2024-11-14 1 0 DEETRA B WATSON P00534544 9199428700 2023 2024-10-15 13:58:12Z FAY HORWITT PO BOX 2008 DURHAM NC 27702 1072854 0 X HTTPS://FORWARDCITIES.ORG/ X 2005 NC TO EQUIP COMMUNITY LEADERS, CATALYZE NARRATIVE CHANGE, AND MEASURE PROGRESS OVER TIME, LEVERAGING FIRST-HAND ECOSYSTEM BUILDING EXPERIENCES ACROSS THE NATION. 6 6 13 6 0 0 1673950 1020459 183730 50500 0 0 2747 1895 1860427 1072854 257289 196802 0 0 1393938 859989 0 0 24484 602829 503595 2254056 1560386 -393629 -487532 790542 303010 0 0 790542 303010 X TO EQUIP COMMUNITY LEADERS, CATALYZE NARRATIVE CHANGE, AND MEASURE PROGRESS OVER TIME, LEVERAGING FIRST-HAND ECOSYSTEM BUILDING EXPERIENCES ACROSS THE NATION. 0 0 384401 139593 THE E3 DURHAM COMMUNITY NAVIGATOR PILOT PROGRAM, FUNDED BY THE SMALL BUSINESS ADMINISTRATION, IS DESIGNED TO ADDRESS SYSTEMIC, STRUCTURAL, CULTURAL, AND DEMOGRAPHIC INEQUITIES IN THE DURHAM, NC AREA THAT ARE PREVENTING ENTREPRENEURS FROM ACCESSING EQUITABLE OPPORTUNITIES. DURING THIS PILOT PROGRAM FORWARD CITIES, INC., WILL ACT AS A "HUB" THAT FOCUSES ON HELPING EXISTING LOCAL NAVIGATION PARTNERS CONNECT WITH AND ENGAGE ECONOMICALLY DISADVANTAGED AND/OR DISCONNECTED ENTREPRENEURS. THESE NAVIGATION PARTNERS, ALSO CALLED SPOKES, IN TURN PROVIDE EDUCATIONAL OPPORTUNITIES, NETWORKING, TECHNICAL ASSISTANCE, PROFESSIONAL SERVICES, COUNSELING, ACCESS TO CAPITAL, AND OTHER CRITICAL RESOURCES FOR EARLY-TO-MID-STAGE ENTREPRENEURS. THIS COLLABORATIVE EFFORT WILL BUILD A COMMUNITY AND A DUPLICABLE FRAMEWORK TO ADDRESS LONG-TERM SYSTEMIC BIASES, BARRIERS AND OTHER CHALLENGES FACED BY UNDERSERVED ENTREPRENEURS THROUGH A SYSTEMS-CHANGE APPROACH. 323107 THE BLACK WALL STREET FORWARD PILOT PROGRAM LAUNCHED IN 2022 AND WAS MODELED ON THE PILLARS THAT MADE DURHAM'S ORIGINAL BLACK WALL STREET SUCCESSFUL, WITH THE GOAL OF CONTINUING THE LEGACY OF CATALYZING BLACK BUSINESS OWNERS AND CHAMPIONS. THE TRANSFORMATIVE PROGRAM ENGAGED FIVE COMMUNITIES THROUGHOUT THE STATE OF NORTH CAROLINA IN A COHORT-BASED LEARNING JOURNEY TO EXPLORE THE PAST AND PRESENT OF BLACK ENTREPRENEURSHIP IN THOSE COMMUNITIES AND TO TAKE COLLABORATIVE ACTION TO BUILD A BETTER COLLECTIVE FUTURE. 104351 57000 -E3 INDY - THROUGH THE INDY E3 ENGAGEMENT, FORWARD CITIES ACTIVATED A RACIAL EQUITY COALITION FRAMEWORK TO HELP INDY ECOSYSTEM LEADERS DETERMINE THE BEST WAY TO CATALYZE STAKEHOLDERS TOWARD THE DEVELOPMENT OF THE ECOSYSTEM CONDITIONS NECESSARY FOR SHORT-TERM RECOVERY FOR BLACK AND LATINX OWNED BUSINESSES BALANCED WITH LONG-TERM RESILIENCY. 329783 209 50500 E3 VOICES: FORWARD CITIES USES THE EXPERIENCE GAINED IN ALL THE PROGRAMS TO DEVELOP E3 VOICES THAT CREATED THOUGHT LEADERSHIP, SPEAKING ENGAGEMENTS, AND RESEARCH PUBLICATIONS RELATED TO DIVERSITY, EQUITY, AND INCLUSION.E3 NATION: FORWARD CITIES ALSO LEVERAGES ITS OWN LEARNINGS TO TRAIN AND EQUIP ECOSYSTEM BUILDERS AND OTHER ORGANIZATIONS ACROSS THE COUNTRY WITH THE SKILLS THEY NEED TO EFFECTIVELY DEVELOP THEIR OWN EQUITABLE ENTREPRENEURIAL ECOSYSTEMS. PRIMARY CLIENTS AND PROGRAM ACCOMPLISHMENTS INCLUDED:-EWING MARION KAUFFMAN LEARNING GRANT - IN 2023, FORWARD CITIES PROVIDED CONSULTING SERVICES TO THE EMKF EVALUATION DEPARTMENT BY PUTTING IN PLACE A STRONG LEARNING FOUNDATION TO BUILD OFF OF THE SOON TO BE COMPLETED FOUR YEAR ESHIP COMMUNITIES PROJECT. E3 SOLUTIONS: FORWARD CITIES LEVERAGES ITS EXTENSIVE EXPERIENCE CONVENING CROSS-SECTOR AND DIVERSE STAKEHOLDERS TO ASSESS THE HEALTH OF A CITY'S EQUITABLE ENTREPRENEURIAL ECOSYSTEM (E3). AND TO PROVIDE CONSULTING SERVICES FOR OTHER ORGANIZATIONS. PRIMARY CLIENTS AND PROGRAM ACCOMPLISHMENTS INCLUDED:-ESHIP COMMUNITIES- ESHIP COMMUNITIES WAS A COMMUNITY-DRIVEN APPROACH FOR BUILDING ENTREPRENEURIAL ECOSYSTEMS THAT FOSTER INCLUSION, RELATIONSHIPS, COLLABORATION, AND SOCIAL CAPITAL ACROSS NETWORKS OF ENTREPRENEURS AND THOSE WHO SUPPORT THEM. THE PROGRAM SUPPORTED THE CREATION AND EVALUATION OF A REPEATABLE, BOTTOM-UP APPROACH TO BUILDING AND STRENGTHENING ENTREPRENEURIAL ECOSYSTEMS. 329783 209 50500 1141642 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 43 0 1 13 1 0 0 0 0 0 0 0 0 0 0 0 0 X 6 6 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 NC X FAY HORWITT 9199284480 PO BOX 2008 DURHAM NC 27702 DEMETRA BROWN MEMBER FROM 2.2023 5.00 X 0 0 0 CHRISTINA CAIN MEMBER 5.00 X 0 0 0 LAUREN PAUL MEMBER FROM 2.2023 5.00 X 0 0 0 TREVOR SMITH MEMBER 5.00 X 0 0 0 PETE CARLSON BOARD CHAIR 10.00 X X 0 0 0 ADRIAN SMITH TREASURER 10.00 X X 0 0 0 C FAY HORWITT PRESIDENT AND CEO 40.00 X 138978 0 7741 138978 0 7741 1 0 0 0 0 439765 580694 1020459 CONSULTING 611430 50500 50500 50500 OTHER INCOME 561499 1895 1895 1895 1072854 50500 0 1895 196802 196802 146719 121347 25372 544121 450030 94091 33847 27994 5853 81276 50625 30213 438 54026 45563 8463 350 350 71059 71059 8306 8306 1163 1126 37 33229 33229 60352 22161 26221 11970 46926 40171 5164 1591 32399 32399 5355 1341 4014 SUBCONTRACTORS 235740 143752 81540 10448 MISCELLANEOUS 8148 7763 385 EQUIPMENT 568 568 1560386 1141642 394260 24484 790542 303010 790542 303010 0 0 X -149078 9956 939620 293054 790542 303010 790542 303010 -487532 0 X X 0 1 X 1 0 X 2273229 1787331 2031828 1673950 1020459 8786797 2273229 1787331 2031828 1673950 1020459 8786797 4640299 4146498 1895 1895 8788692 236977 0.47180 0.48100 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1072854 0 1072854 0 1072854 1560386 0 1560386 0 1560386 1 NORTH CAROLINA CENTRAL UNIVERSITY SCHOOL OF BUSINESS 1801 FAYETTEVILLE STREET DURHAM NC 27707 566000730 501(C)(3) 0 12500 COMMUNITY NAVIGATOR SPOKE DURHAM TECHNICAL COMMUNITY COLLEGE 1637 E LAWSON STREET DURHAM NC 27703 560792513 501(C)(3) 0 37500 COMMUNITY NAVIGATOR SPOKE ECHO 506 RAMSEUR ST SUITE 1 DURHAM NC 27701 474482327 0 22500 COMMUNITY NAVIGATOR SPOKE INFINITY BRIDGES 8311 BRIER CREEK PKWY STE 105-271 RALEIGH NC 27617 831897412 0 27500 COMMUNITY NAVIGATOR SPOKE KNOX ST STUDIOSAB COMMUNITY 1307 W KNOX STREET DURHAM NC 27705 831354743 0 18750 COMMUNITY NAVIGATOR SPOKE PROVIDENT1898 411 W CHAPEL HILL STREET SUITE C2 DURHAM NC 27701 611920240 0 18750 COMMUNITY NAVIGATOR SPOKE BLACK ONYX MANAGEMENT INC 1389 W 86TH ST INDIANAPOLIS IN 46260 812118788 0 25000 THE INDIANAPOLIS COMMUNITY ENTREPRENEURSHIP ACCELERATOR 2 5 PART I, LINE 2: COMMUNITY NAVIGATOR SPOKE ARE ALL SPOKE PAYMENTS AS PART OF THE SBA COMMUNITY NAVIGATOR PILOT PROGRAM (CNPP) HUB AND SPOKE MODEL, OF WHICH FORWARD CITIES FUNCTIONS AS THE HUB. THESE ARE PASSTHROUGH PAYMENTS MANAGED BY FORWARD CITIES ON BEHALF OF THE SBA PROGRAM TO OUR PARTNER ORGANIZATIONS IN THE DURHAM COMMUNITY. THIS PROGRAM PROVIDES EDUCATIONAL PROGRAMS, NAVIGATION RESOURCES AND CONVENING EVENTS FOR LOCAL ENTREPRENEURS TO IMPROVE THEIR ACCESS TO SKILLS, TECHNICAL ASSISTANCE AND CAPITAL. THE INDIANAPOLIS COMMUNITY ENTREPRENEURSHIP ACCELERATOR - THESE GRANT FUNDS WERE USED TO HELP CREATE A SUSTAINABLE ENTREPRENEURIAL INFRASTRUCTURE IN INDIANAPOLIS. THIS INCLUDES PROVIDING FUNDING TO A LOCAL COORDINATOR TO ENSURE THAT THE INFRASTRUCTURE AND ECOSYSTEM HAVE SUSTAINABLE AND ONGOING LEADERSHIP ON THE GROUND. FORM 990, PART VI, SECTION B, LINE 11B THE ORGANIZATIONS PRESIDENT/CEO AND MANAGER OF FINANCE REVIEW THE DRAFT FORM 990. THEN EMAIL THE DRAFT RETURN TO THE BOARD OF DIRECTORS FOR THEIR REVIEW. THEIR QUESTIONS OR COMMENTS ARE DIRECTED BACK TO THE PRESIDENT/CEO AND MANAGER OF FINANCE AND THE RETURN IS FINALIZED WITH ANY REVISIONS. A COPY OF THE FORM 990 IS PROVIDED TO ALL BOARD MEMBERS BEFORE FILING. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION REGULARLY AND CONSISTENTLY MONITORS AND ENFORCES COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY BY REQUIRING ANNUAL FULL DISCLOSURE, IN WRITING, OF ALL POTENTIAL CONFLICTS OF INTERESTED PARTIES TO THE ORGANIZATION. ALL POTENTIAL CONFLICTS OF INTEREST REPORTED TO THE BOARD ARE REVIEWED AND VOTED ON AS TO WHETHER ANY FURTHER ACTION IS REQUIRED. FORM 990, PART VI, SECTION B, LINE 15A OFFICER SALARY IS INCLUDED IN THE BUDGET APPROVAL PROCESS AND REFLECTED IN THE EMPLOYMENT AGREEMENT. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XII, LINE 2C FINANCE AND AUDIT COMMITTEE TAKES FULL RESPONSIBILITY FOR OVERSIGHT OF THE AUDITED FINANCIAL STATEMENTS. BOARD OF DIRECTORS ANNUALLY ENGAGES AUDIT FIRM TO PERFORM THE AUDIT OF THE FINANCIAL STATEMENTS.