Forward Momentum Chicago

What it reported doing in 2024

Dance programs to not only increase dance skills and awareness, but to foster creativity, critical thinking, and social-emotional learning.from classroomresidencies to formal studio training, the organization offers a variety of danceexperiences for all ages and ability levels.the organization's program services consist of the following: in-school and after school programs/school partnerships -the organization partnerswith schools and youth service organizations to build residencies that are customdesigned to serve the schools, communities, and students to ensure engaging programs.instructors travel into schools and communities to bring the arts into communities with limited access. Instruction is trauma-informed, healing centered, and focused on utilizing movement and dance to improve social emotional learning and 21st century skills.the organization also partners with after school matters to provide year-longprogramming in the downtown area through an advanced apprenticeship that supportscollege and career readiness. In this program, high school students throughout thecity meet downtown to work at fmc dance collaborative as a part of a dance company. The fmc dance collaborative is made up of two sessions during the school year thatmeets three times a week after school and a summer dance intensive that meets forseven weeks.summer dance camp-the organization provides two campuses for summer dance camp onein the englewood neighborhood and one in the avondale neighborhood. Each yearhundreds of students attend camp for a full day of instruction in ballet, latin, hip hop, andmodern/contemporary dance. During their time at camp, students are provided the opportunity to go on weekly field trips and to perform throughout the city at navy pier and 31st street beach among other locations before producing a final showcase for families. Attendees to the organization's camp receive dance attire, a field trip uniform, snacks, water, and lunches as a part of their registration.saturday classes-students from the organization's summer camp and school partnerships are invited to continue their study of dance in a more structured studio setting free-of-charge on saturdays. Saturday class students attend class weekly and are provided opportunities to perform throughout the city, such as at the annual arts in the dark parade on state street and to attend professional dance performances.

Financial Efficiency

• Mission deployment rate: 45.2%; rating input score 45
• Program expense ratio: 57.6%; rating input score 58
• Fundraising efficiency: $4.62 raised per $1 spent on fundraising; rating input score 16; 16th percentile among comparable filings

Transparency & Controls

• Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
• Pay-setting controls: Limited
• Foreign activity oversight: Limited
• Grant itemization coverage: Limited
• Major donor itemization: Yes; rating input score 100
• Related-party transparency: Limited

Accountability

• Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
• Governance controls: 8 of 8 controls in place; rating input score 100
  • Conflict-of-interest policy: Pass
  • Whistleblower policy: Pass
  • Document-retention policy: Pass
  • CEO compensation review process: NotApplicable
  • Other executive compensation review process: Pass
  • Form 990 shared with the board: Pass
  • Board meeting minutes documented: Pass
  • Audit committee oversight: Pass
  • Independent financial-statement audit: Pass

Sustainability

• Operating margin: 21.8%; rating input score 78; 78th percentile among comparable filings
• Total-asset coverage ratio: 1.22; rating input score 49; 49th percentile among comparable filings
• Liabilities to assets ratio: 0.1; rating input score 43; 43rd percentile among comparable filings
• Officer compensation ratio: 13%; rating input score 28; 28th percentile among comparable filings

Growth

• Program expense growth: 12.1% per year; rating input score 100; 69th percentile among comparable filings
• Revenue growth: 8.3% per year; rating input score 100; 60th percentile among comparable filings
• Asset growth: 9.5% per year; rating input score 100; 57th percentile among comparable filings