HEARTLAND FORWARD

BENTONVILLE, AR, 72712-1860 (479) 464-1570 Est. 2018 EIN 84-2515642
S05 - Research Institutes & Public Policy Analysis 990 - Public charity return 501(c)(3)
www.heartlandforward.org

Mission

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

Giving Portfolio

Total Grants
25
Total Giving
$1.3M
Recipients
24
Years Active
2022 - 2024
Avg grant: $54,943 Median: $41,000

Yearly Trends

YearGrantsTotal Giving Avg GrantNewRepeat
202415$710K $47K132
20236$351K $59K23
20224$236K $59K40

Sectors Funded

Philanthropy & Grantmaking
5
Community Improvement
2
International & Foreign Affairs
2
Science & Technology
2
Education
1

Top States

Arkansas
10
Oklahoma
5
Illinois
5
Tennessee
1
Mississippi
1
Alabama
1
Michigan
1
District of Columbia
1

Grantee Size Profile

$10M - $50M
3
Over $50M
2
$500K - $1M
2
$1M - $5M
1

Top Grantees

Page 1 of 3

Grants Awarded · 12 grants

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Financials

Total Revenue
$11,882,702
Total Expenses
$12,640,759
Net Assets
$6,426,256
7 volunteers
From latest filing (tax period ending 2024-12-31)

Financial Health

Operating Reserve
6.1 months Healthy
Net assets / monthly expenses
Year-over-Year Change
Revenue ↓ 22.1%
Expenses ↑ 16.3%
Revenue Sources
Contributions 99.9% Investment 0.1%
Expense Breakdown
Program 66.7% Management 33.3%

Officers & Trustees (7)

Individual compensation is available on Grow plans.

Filing History (4 filings)

YearRevenueExpensesNet Assets
2024 990 - Public charity return
Jan 1, 2024 to Dec 31, 2024
$11,882,702 ↓$12,640,759$6,426,256
2023 990 - Public charity return
Jan 1, 2023 to Dec 31, 2023
$15,261,912 ↑$10,868,770$7,184,313
2022 990 - Public charity return
Jan 1, 2022 to Dec 31, 2022
$10,819,582 ↑$11,129,013$2,791,171
2020 990 - Public charity return
Jan 1, 2020 to Dec 31, 2020
$837,132 $541,457$295,675

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EIN: 84-2515642 · Source: IRS Form 990 e-file data