Nonprofit · EIN 13-4302280
FORWARD CITIES INC
Tax-exempt · DURHAM, NC 27702
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $1,726,446 | $1,445,884 | $280,562 | $583,572 | $0 | $583,572 |
| December 31, 2023 | 990 | $1,072,854 | $1,560,386 | -$487,532 | $303,010 | $0 | $303,010 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $1,723,419
- of which government grants
- $731,718
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $3,027
Expenses
- Grants and similar amounts paid
- $174,284
- Compensation of officers, directors and key employees
- $155,741
- Other salaries and wages
- $318,018
- Salaries, compensation and benefits (total)
- $576,261
- Professional fundraising fees
- $0
- Legal fees
- $10
- Accounting fees
- $35,496
- Travel
- $17,611
- Program services (functional)
- $1,030,352
- Management and general (functional)
- $396,172
- Fundraising (functional)
- $19,360
Balance sheet and other
- Total assets, start of year
- $303,010
- Total assets, end of year
- $583,572
- Total liabilities, end of year
- $0
- Net assets, end of year
- $583,572
- Net assets without donor restrictions
- $257,707
- Net assets with donor restrictions
- $325,865
- Gross receipts
- $1,726,446
- Employees
- 9
- Volunteers
- 6
- Year formed
- 2005
- State of legal domicile
- NC
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 December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| C FAY HORWITT | PRESIDENT AND CEO Officer | 40 | $147,171 | $8,570 |
| DEMETRA BROWN | MEMBER Trustee or director | 5 | $0 | $0 |
| CHRISTINA CAIN | MEMBER Trustee or director | 5 | $0 | $0 |
| LAUREN PAUL | MEMBER Trustee or director | 5 | $0 | $0 |
| TREVOR SMITH | MEMBER Trustee or director | 5 | $0 | $0 |
| PETE CARLSON | BOARD CHAIR Trustee or director, Officer | 10 | $0 | $0 |
| ADRIAN SMITH | TREASURER Trustee or director, Officer | 10 | $0 | $0 |
990 for the year ended December 31, 2023: 7 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| C FAY HORWITT | PRESIDENT AND CEO Officer | 40 | $138,978 | $7,741 |
| DEMETRA BROWN | MEMBER FROM 2.2023 Trustee or director | 5 | $0 | $0 |
| CHRISTINA CAIN | MEMBER Trustee or director | 5 | $0 | $0 |
| LAUREN PAUL | MEMBER FROM 2.2023 Trustee or director | 5 | $0 | $0 |
| TREVOR SMITH | MEMBER Trustee or director | 5 | $0 | $0 |
| PETE CARLSON | BOARD CHAIR Trustee or director, Officer | 10 | $0 | $0 |
| ADRIAN SMITH | TREASURER Trustee or director, Officer | 10 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 2008, DURHAM, NC 27702-2008
- In care of
- % DIAMONTE HAMLETT-WALKER
- Principal officer (990 for 2024)
- DIAMONTE WALKER, PO BOX 2008, DURHAM, NC 27702
- Signed the 990
- DIAMONTE WALKER, CEO
- Phone
- (910) 928-4480
- Website
- HTTPS://FORWARDCITIES.ORG/
- Return prepared by
- BLACKMAN & SLOOP ADVISORS INC
Mission
TO EQUIP COMMUNITY LEADERS, CATALYZE NARRATIVE CHANGE, AND MEASURE PROGRESS OVER TIME, LEVERAGING FIRST-HAND ECOSYSTEM BUILDING EXPERIENCES ACROSS THE NATION.
Program accomplishments
- E3 DURHAM COUNTY AWARD-AS THE SBA NAVIGATOR PROGRAM AND PILOT FUNDING ENDED IN NOVEMBER 2023, THE DURHAM COUNTY ARPA GRANT AWARD IS AN OPPORTUNITY TO LEVERAGE THE SBA'S INVESTMENT IN DURHAM COUNTY AND BUILD ON E3 DURHAM'S MOMENTUM. RECOGNIZING THE TREMENDOUS VALUE OF THE MANY DEDICATED AREA BUSINESS SUPPORT ORGANIZATIONS AND SERVICE PROVIDERS WHO WORK TIRELESSLY TO EQUIP DURHAM COUNTY BUSINESS OWNERS, THIS PROGRAM EARMARKS NEARLY 50% PROGRAMMATIC FUNDING AS PASS THROUGH TO 1) ENROLLED ENTREPRENEURS TO REDUCE THE COST OF DOING BUSINESS AND 2) SERVICE PROVIDERS TO ENGAGE THEIR EXPERTISE AND INCREASE THEIR ABILITY TO EFFECTIVELY AND SUSTAINABLY SERVE THE COMMUNITY.COMBINED WITH THE EXISTING STRENGTHS OF THE NAVIGATION MODEL, THESE EFFORTS WILL ALLOW US TO BETTER UNDERSTAND ENTREPRENEURS' NEEDS; PRIORITIZE NEEDS BY STAGE, SIZE, SECTOR, AND DEMOGRAPHICS; CONTINUE TO GROW CAPITAL READINESS AND CONNECTIONS; AND ENGAGE A BROADER SET OF SUPPORT ORGANIZATIONS AND SERVICE PROVIDERS TO LEVEL-UP SUPPORT FOR ENTREPRENEURS WHO NEED IT MOST.Expenses $439,919 · grants $168,434
- 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.Expenses $301,366 · grants $4,000
- TULSA ECOSYSTEM- FORWARD CITIES PARTNERED WITH BUILD IN TULSA TO CREATE A COMPREHENSIVE DATA FRAMEWORK FOR ACCELERATOR AND ENTREPRENEURSHIP-SUPPORT PROGRAM IMPROVEMENT. BUILD IN TULSA PROVIDES ENTREPRENEURS WITH A NETWORK OF ACCELERATORS, MENTORING, EDUCATION, NETWORKING, AND DIRECT FINANCIAL ASSISTANCE TO BUILD COMMUNITY AND STRATEGIC PARTNERSHIPS.Expenses $140,865
- Expenses $148,202 · grants $1,850
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 December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 13-4302280
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2006
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S31)
- Assets (IRS master file)
- $583,572
- Income (IRS master file)
- $1,726,446
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $1,726,446 | $1,445,884 | $583,572 | XML |
| 990 | December 2023 | $1,072,854 | $1,560,386 | $303,010 | XML |
| 990 | December 2022 | $1,860,427 | $2,254,056 | $790,542 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | 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 13-4302280).
Questions about FORWARD CITIES INC
- What is the EIN of FORWARD CITIES INC?
- The employer identification number (EIN) of FORWARD CITIES INC is 13-4302280.
- Is FORWARD CITIES INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2006.
- Are donations to FORWARD CITIES INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does FORWARD CITIES 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 CITIES INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did FORWARD CITIES INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of FORWARD CITIES INC?
- The 990 for the year ended December 31, 2024 names DIAMONTE WALKER.
- Who are the officers and directors of FORWARD CITIES INC?
- The 990 for the year ended December 31, 2024 lists 7 people; 1 received compensation from the organization, the highest $147,171 (C FAY HORWITT, PRESIDENT AND CEO).
- How much revenue does FORWARD CITIES INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $1,726,446, expenses of $1,445,884 and total assets of $583,572 at year end.
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All nonprofits in DURHAM · North Carolina · Community improvement and capacity building