Forge City Works
- Assets
- $4.9m
- Revenue
- $7.6m
- Investments
- $27.1k
- Employees
- 119
- Location
- Hartford, CT
- Founding
- 08/2008
- Data as of
- 12/2023
- EIN
- 26-1412551
Organization Overview
Forge City Works is located in Hartford, CT. The organization was established in 2008. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2023, Forge City Works employed 119 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Forge City Works is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Forge City Works generated $7.6m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 19.3% each year . All expenses for the organization totaled $4.2m during the year ending 12/2023. While expenses have increased by 9.6% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
FORGE CITY WORKS, INC. PROVIDES JOB TRAINING, FOOD ACCESS, AND CREATES SUSTAINABLE SOCIAL ENTERPRISES TO HELP PEOPLE CHANGE THEIR LIVES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE JOB TRAINING, FOOD ACCESS, AND SUSTAINABLE SOCIAL ENTERPRISES TO CHANGE LIVES, BUILD COMMUNITY, AND CREATE OPPORTUNITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Benjamin Dubow Executive Director | Officer | 40 | $130,878 |
Ojala Naeem Chair | OfficerTrustee | 1 | $0 |
Aimee Hendrigan Secretary/treasurer | OfficerTrustee | 1 | $0 |
Sara Batchelder Director | Trustee | 1 | $0 |
Jermaine Frazer-Phillips Director | Trustee | 1 | $0 |
Maggie Willard Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $240,365 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $6,041,717 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,282,082 |
| Total Program Service Revenue | $1,275,250 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,557,332 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $130,878 |
| Compensation of current officers, directors, key employees. | $15,832 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,874,042 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $260,386 |
| Payroll taxes | $156,453 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $860,201 |
| Advertising and promotion | $62,485 |
| Office expenses | $113,837 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $233,953 |
| Travel | $86,221 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $112,353 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $76,863 |
| Insurance | $50,325 |
| All other expenses | $0 |
| Total functional expenses | $4,168,267 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $599,933 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,436,240 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $50,654 |
| Net Land, buildings, and equipment | $759,438 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $27,144 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,873,409 |
| Accounts payable and accrued expenses | $230,168 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $27,144 |
| Total liabilities | $257,312 |
| Net assets without donor restrictions | $1,064,658 |
| Net assets with donor restrictions | $3,551,439 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $4,873,409 |