EIN 71-0674001

Forge (Forge)

Name: Forge (Forge) financials for 2023
Creator: Cause IQ
License: https://creativecommons.org/licenses/by-nc-nd/4.0/

Programs|Personnel|Financials|Form 990s|Peers

IRS 501(c) type

501(c)(3)

Num. employees

City

Huntsville

State

Arkansas

Year formed

1988

Most recent tax filings

2023-09-01

NTEE code, primary

S30: Economic Development

Description

FORGE assists in long term economic growth and revitalization of rural communities and farm related enterprises in the Ozark region of Arkansas, Missouri, Oklahoma, and Louisiana. It provides loans to small businesses and agricultural enterprises in accordance with the exempt function and mission of the organization. In addition, it offers educational assistance and training to small businesses and agricultural enterprises. Its location is Huntsville, AR.

Total revenues

$2,241,893

2023

Total expenses

$2,146,255

2023

Total assets

$12,877,023

2023

Num. employees

2023

Program areas at Forge (Forge)

Provided loans to small businesses and agricultural enterprises in accordance with the exempt function and mission of the organization: provided educational assistance and training to small businesses and agricultural enterprises in accordance with the exempt function and mission of the organization. Forge closed 102 loans valued at 3,025,566 and was recognized as the Arkansas microlender of the year. 58 loans were to minority entrepreneurs, 60 loans were to women, 5 loans were to veterens, and 56 loans were to low-income borrowers. 30 loans were in rural census tracts and 69 loans were in urban census tracts. The Forge loan portolio consists of 396 individual loans valued at 6,404,060.

Personnel at Forge (Forge)

Name	Title	Compensation	Date of data
Philip Adams	Executive Director	$0	2024-10-31
Jerry Huddleston, MBA	Director of Compliance		2024-10-31
Latanyua T. Robinson	East Arkansas Regional Director		2024-10-31
Itzel Velazquez	Kiva Hub Capital Access Manager		2024-10-31

Financials for Forge (Forge)

Revenues	FYE 09/2023	FYE 09/2022	% Change
Total grants, contributions, etc.	$1,783,043	$1,543,577	15.5%
Program services	$0	$0	-
Investment income and dividends	$409,746	$363,644	12.7%
Tax-exempt bond proceeds	$0	$0	-
Royalty revenue	$0	$0	-
Net rental income	$0	$0	-
Net gain from sale of non-inventory assets	$0	$0	-
Net income from fundraising events	$0	$0	-
Net income from gaming activities	$0	$0	-
Net income from sales of inventory	$0	$0	-
Miscellaneous revenues	$49,104	$58,676	-16.3%
Total revenues	$2,241,893	$1,965,897	14%

Form 990s for Forge (Forge)

Fiscal year ending	Date received by IRS	Form	PDF link
2023-09	2024-06-10	990	View PDF
2022-09	2023-04-28	990	View PDF
2021-09	2022-05-20	990	View PDF
2020-09	2021-05-28	990	View PDF
2019-09	2020-10-07	990	View PDF
...and 11 more Form 990s

Organizations like Forge (Forge)

Organization	Type	Location	Revenue
Credit Builders Alliance	501(c)(3)	Washington, DC	$4,747,116
Sabre Finance	501(c)(3)	Birmingham, AL	$1,669,572
Rural Missouri Incorporated	501(c)(3)	Jefferson City, MO	$3,116,015
Common Capital	501(c)(3)	Springfield, MA	$1,986,861
Woodland Financial Partners	501(c)(3)	Keshena, WI	$2,731,167
Cape and Islands Community Community Development	501(c)(3)	Centerville, MA	$1,517,571
The Community Economic Development Fund Foundation	501(c)(3)	Meriden, CT	$2,433,942
Renaissance Economic Development Corporation	501(c)(3)	New York, NY	$4,107,593
Seattle Economic Development Fund Business Impact NW	501(c)(3)	Tukwila, WA	$6,779,426
Grow South Dakota / Northeast South Dakota Economic Corporation	501(c)(3)	Sisseton, SD	$1,331,875

Data update history

October 31, 2024

Updated personnel

Identified 4 new personnel

August 3, 2024

Posted financials

Added Form 990 for fiscal year 2023

July 13, 2024

Received grants

Identified 1 new grant, including a grant for $25,000 from Operation Hat Trick

November 25, 2023

Posted financials

Added Form 990 for fiscal year 2021

July 10, 2023

Posted financials

Added Form 990 for fiscal year 2022

Nonprofit Types

Business and community development organizationsCharities

Issues

Community improvementEconomic development

Characteristics

Receives government fundingManagement and technical assistanceTax deductible donationsAccepts online donations

General information

Address: PO Box 1138; Huntsville, AR 72740
Metro area: Fayetteville-Springdale-Rogers, AR
County: Madison County, AR
Website URL: forgefund.org/
Phone: (479) 738-1585

IRS details

EIN: 71-0674001
Fiscal year end: September
Taxreturn type: Form 990
Year formed: 1988
Eligible to receive tax-deductible contributions (Pub 78): Yes

Categorization

NTEE code, primary: S30: Economic Development
NAICS code, primary: 522120: Savings Institutions
Parent/child status: Independent

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Forge (Forge)

Program areas at Forge (Forge)

Personnel at Forge (Forge)

Financials for Forge (Forge)

Form 990s for Forge (Forge)

Organizations like Forge (Forge)

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