Nonprofit · EIN 20-5092412
FORWARD STEPS FOUNDATION
Tax-exempt · BOULDER, CO 80302
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $538,577 | $458,297 | $80,280 | $301,022 | $6,592 | $294,430 |
| December 31, 2023 | 990 | $419,817 | $341,445 | $78,372 | $217,844 | $3,694 | $214,150 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $539,770
- Program service revenue
- $0
- Investment income
- -$1,193
- Net gain from sales of assets
- -$315
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $0
- Other salaries and wages
- $273,521
- Salaries, compensation and benefits (total)
- $309,087
- Professional fundraising fees
- $0
- Accounting fees
- $2,463
- Occupancy
- $3,170
- Depreciation
- $35
- Program services (functional)
- $342,709
- Management and general (functional)
- $41,927
- Fundraising (functional)
- $73,661
Balance sheet and other
- Total assets, start of year
- $217,844
- Total assets, end of year
- $301,022
- Total liabilities, end of year
- $6,592
- Net assets, end of year
- $294,430
- Net assets without donor restrictions
- $274,430
- Net assets with donor restrictions
- $20,000
- Gross receipts
- $538,892
- Employees
- 6
- Volunteers
- 30
- Year formed
- 2006
- State of legal domicile
- CO
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 |
|---|---|---|---|
| JENNIFER FALKOSKI | Executive Director | 40 | $111,802 |
| ROB TIERNAN | President Trustee or director, Officer | 1 | $0 |
| STEFAN MAGNUSSON | Treasurer Trustee or director, Officer | 1 | $0 |
| JEFF MENDEL | Secretary Trustee or director, Officer | 1 | $0 |
| JANEL DOMENICO | Director Trustee or director | 1 | $0 |
| STUART LORD | Director Trustee or director | 1 | $0 |
| SHANTEL MCMEEKIN | Director Trustee or director | 1 | $0 |
| ERIC VEVE | Director Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 7 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| STEFAN MAGNUSSON | TREASURER Trustee or director, Officer | 1 | $0 |
| DR STUART LORD | DIRECTOR Trustee or director | 1 | $0 |
| ROBERT M TIERNAN | PRESIDENT Trustee or director, Officer | 1 | $0 |
| SHANTEL MCMEEKIN | DIRECTOR Trustee or director | 1 | $0 |
| JANEL DOMENICO | DIRECTOR Trustee or director | 1 | $0 |
| JEFF MENDEL | SECRETARY Trustee or director, Officer | 1 | $0 |
| ERIC VEVE | DIRECTOR Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 768 MOUNTAIN MEADOWS RD, BOULDER, CO 80302-9259
- In care of
- % ROBERT M HUFFAKER
- Signed the 990
- ROB TIERNAN, President
- Phone
- (303) 404-9966
- Website
- WWW.FORWARDSTEPS.ORG
- Return prepared by
- Wesley Tax & Advisory PLLC
Mission
By investing in their lives, Forward Steps supports youth and young adults at-risk by reducing equity gaps in education and workforce development so they can reach their full potential as independent and thriving members of their community through financial support, mentoring, resource navigation and wrap around supports, and customized career and postsecondary readiness programming helping students navigate high school persistence and graduation, and postsecondary enrollment, attainment, and successful workforce entry earning a sustainable wage.
Program accomplishments
- By investing in their lives, Forward Steps supports youth and young adults at-risk by reducing equity gaps in education and workforce development so they can reach their full potential as independent and thriving members of their community through financial support, mentoring, resource navigation and wrap around supports, and customized career and postsecondary readiness programming helping students navigate high school persistence and graduation, and postsecondary enrollment, attainment, and successful workforce entry earning a sustainable wage. Forward Steps has two programs along this continuum: Realizing Aptitudes and Guardian Scholars.Expenses $342,709
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
- 20-5092412
- 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
- 2015
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Human services (P20)
- Assets (IRS master file)
- $301,022
- Income (IRS master file)
- $538,892
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $538,577 | $458,297 | $301,022 | XML |
| 990 | December 2023 | $419,817 | $341,445 | $217,844 | XML |
| 990 | December 2022 | $452,914 | $437,350 | $142,817 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990 | December 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 20-5092412).
Questions about FORWARD STEPS FOUNDATION
- What is the EIN of FORWARD STEPS FOUNDATION?
- The employer identification number (EIN) of FORWARD STEPS FOUNDATION is 20-5092412.
- Is FORWARD STEPS FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2015.
- Are donations to FORWARD STEPS FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does FORWARD STEPS FOUNDATION 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 STEPS FOUNDATION 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 STEPS FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who are the officers and directors of FORWARD STEPS FOUNDATION?
- The 990 for the year ended December 31, 2024 lists 8 people; 1 received compensation from the organization, the highest $111,802 (JENNIFER FALKOSKI, Executive Director).
- How much revenue does FORWARD STEPS FOUNDATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $538,577, expenses of $458,297 and total assets of $301,022 at year end.
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