Heartland Forward Inc logo

Heartland Forward Inc

BENTONVILLE, AR EIN: 84-2515642 Website

A think and do tank dedicated to being a resource for states and communities - helping to advance the economic opportunity in the heartland.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$6.4M

-10.6% YoY

Annual Giving

$710K

+102.3% YoY

Grant Count

15

+150.0% YoY

Avg Grant Size

$47K

-19.1% YoY

About Heartland Forward Inc

Based on IRS filings

Heartland Forward Inc is a nonprofit organization focused on Community Improvement & Capacity Building, based in BENTONVILLE, AR. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $6.4M in total assets. In 2024, it awarded 15 grants totaling $710K. Net investment income was $16K.

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

8states

Cities

BentonvilleBirminghamBroken ArrowChicagoClarksdaleCowetaDetroitFayettevilleHelenawest HelenaLittle RockMemphisTulsaWashingtonWilmette

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$4M$8M$13M$17M20202021202220232024
Metric202420232022
Total Assets$6,426,256$7,184,313$2,791,171
Revenue$11,882,702$15,261,912$10,819,582
Expenses$12,640,759$10,868,770$11,129,013
Qualifying Distributions
Net Investment Income$15,500$837$30
Distributable Amount

Giving Over Time

Total grant dollars and number of grants per year

$0$178K$355K$533K$710K0 grants20201 grants20214 grants20226 grants202315 grants2024

Grant Insights

How this funder distributes its grants

Top Recipients

Top 10 recipients in 2024

Heartland Action Inc$300KAmerican Library Associa…$60KBenton Institute for Bro…$50K1 Girl Revolution LLC$25KAbily LLC$25KDomes by Joshua LLC$25KFilm Delta LLC$25KGnargo Bike LLC$25KHeiss Mug LLC$25KNehisi Ventures LLC$25K

Grant Size Distribution

26 grants across all recorded years

15<$50K8$50–100K2$100–250K1$250–500K$500K–1M$1–5M$5M+

Giving History

Grant recipients and amounts by year

No grants recorded for .

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

NameTitleHoursCompensation
BUDDY D PHILPOTDIRECTOR, SECRETARY2
Michael MaloneBOARD DIRECTOR, TREASURER2
ROSS DeVOLBOARD DIRECTOR, PRESIDENT40
OLIVIA WALTONBOARD DIRECTOR2
ANGIE COOPERCHIEF PROGRAM OFFICER35
BLAKE WOOLSEYCHIEF COMMUNICATIONS AND DEVELOPMENT40
DAVE SHIDELERCHIEF RESEARCH OFFICER40

Subject Areas

Focus areas based on grantmaking activity

Related Funders

Similar funders by location and focus area

Data last updated April 2026. Sourced from IRS Form 990-PF filings.

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