Forward Foundation Inc

Foundation · Grantmaker Janesville, WI EIN: 39-1571083

The purpose is to encourage economic development by marketing and promoting activities aimed at attracting new industries to Janesville.

Key facts about Forward Foundation Inc

EIN
39-1571083
Latest 990 filing
Form 990 filing, 2025
Total assets
$2,342,845

Data from IRS Form 990 filing, 2025; updated September 2026.

Financial Overview

From 2025 IRS Form 990 filing · View filing

Total Assets

$2.3M

-0.1% YoY

Revenue

$357K

-63.5% YoY

Net Investment Income

$21K

+70816.7% YoY

Expenses

$334K

-49.9% YoY

About Forward Foundation Inc

Based on IRS filings

Forward Foundation Inc is a nonprofit organization focused on Community Improvement & Capacity Building, based in Janesville, WI. IRS filing data is available from 2021 through 2025. As of 2025, the organization holds $2.3M in total assets. Net investment income was $21K.

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

1state

States

Cities

Janesville

Giving Over Time

Total grant dollars and number of grants per year

$0$50K$100K$150K0 grants20210 grants20220 grants20232 grants20240 grants2025

Grant Insights

How this funder distributes its grants

Top Recipients

Top 0 recipients in 2025

Grant Size Distribution

2 grants across all recorded years

1<$50K1$50–100K$100–250K$250–500K$500K–1M$1–5M$5M+

Giving History

Grant recipients and amounts by year

No grants recorded for 2025.

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$500K$1M$1.5M20212022202320242025
Metric202520242023
Total Assets$2,342,845$2,344,364$1,997,790
Revenue$356,970$978,936$407,249
Expenses$333,588$665,609$335,824
Qualifying Distributions———
Net Investment Income$21,275$30—
Distributable Amount———

Data update history

When this profile's IRS filing data changed on Grantable

  1. IRS filings on file for fiscal years 2021–2025

Leadership & Key People

Officers and directors from IRS filings

Forward Foundation Inc is led by Angela Pakes, President since 2023 (on filings since 2022); none of the 13 officers listed in 2025 report compensation.

Officers on the 2025 filing

  • Angela Pakes

    President

    Director → President, 2023

    On filings since 2022

    1 hr/week

    No compensation reported

  • Sharlon Hermanson

    President

    New on the 2025 filing

    1 hr/week

    No compensation reported

  • David Hiller

    Chair

    Secretary & Treasurer → Vice Chair, 2024

    Vice Chair → Chair, 2025

    On filings since 2021

    1 hr/week

    No compensation reported

  • Craig DeGarmo

    Director

    On filings since 2021

    1 hr/week

    No compensation reported

  • Larry Squire

    Director

    On filings since 2021

    1 hr/week

    No compensation reported

  • Lynn Gardinier

    Director

    Chair → Past Chair, 2023

    Past Chair → Director, 2024

    On filings since 2021

    1 hr/week

    No compensation reported

  • Tim Lindau

    Director

    Chair → Past Chair, 2024

    Past Chair → Director, 2025

    On filings since 2021

    1 hr/week

    No compensation reported

  • Sean Kennedy

    Director

    On filings since 2023

    1 hr/week

    No compensation reported

  • Oakleigh Ryan

    Past Chair

    Vice Chair → Chair, 2024

    Chair → Past Chair, 2025

    On filings since 2021

    1 hr/week

    No compensation reported

  • Corinne Webber

    Manager Finance & Ops

    New on the 2025 filing

    1 hr/week

    No compensation reported

  • Derek Greene

    Vice Chair

    New on the 2025 filing

    1 hr/week

    No compensation reported

  • George Cullen

    Treasurer

    New on the 2025 filing

    1 hr/week

    No compensation reported

  • Michael Gilbertson

    Future Vice Chair

    New on the 2025 filing

    1 hr/week

    No compensation reported

Former officers (8)
  • Former: Mick Gilbertson (2024) — Treasurer
  • Former: Barry Brandt (2021–2023) — Director
  • Former: John Beckord (2021–2022) — President
  • Former: David Bagley (2021) — Director
  • Former: Mitch Benson (2021) — Director
  • Former: Rich Gruber (2021) — Director
  • Former: Sherri Stumpf (2021) — Past Chair
  • Former: Tim Weber (2021) — Director

Data from IRS Form 990 filings, 2021–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.

Frequently asked questions about Forward Foundation Inc

How large is Forward Foundation Inc?

Forward Foundation Inc reported $2.3M in total assets on its 2025 IRS Form 990 filing. Its revenue that year was $357K.

What is Forward Foundation Inc?

Forward Foundation Inc is a nonprofit organization focused on Community Improvement & Capacity Building, based in Janesville, WI. It holds $2.3M in total assets as of 2025.

Where does Forward Foundation Inc operate?

Forward Foundation Inc has awarded grants in Wisconsin.

What is Forward Foundation Inc's EIN?

Forward Foundation Inc's EIN (Employer Identification Number) is 39-1571083. IRS Form 990 filing data is available on this page for 2021–2025.

Data last updated September 2026. Sourced from IRS Form 990 filings.

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