Forge City Works
- Assets
- $1.0m
- Revenue
- $1.8m
- Investments
- $0.0
- Employees
- 62
- Location
- Hartford, CT
- Founding
- 08/2008
- Data as of
- 12/2021
- 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 12/2021, Forge City Works employed 62 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 12/2021, Forge City Works generated $1.8m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.6%) each year. All expenses for the organization totaled $1.5m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (4.1%) per year over the past 7 years. 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
2021
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 |
|---|---|---|---|
Aimee Hendrigan Secretary/treasurer | OfficerTrustee | 1 | $0 |
Jahn Marie Surette Board Chair | OfficerTrustee | 1 | $0 |
Whitney Bundy Director | Trustee | 1 | $0 |
Sara Batchelder Director | Trustee | 1 | $0 |
Josh Durand Director | Trustee | 1 | $0 |
Leslie Gomez Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $68,285 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,381,827 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,450,112 |
| Total Program Service Revenue | $304,997 |
| 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 | $13,582 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,768,691 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $679,362 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $116,202 |
| Payroll taxes | $51,971 |
| 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 | $292,011 |
| Advertising and promotion | $0 |
| Office expenses | $99,382 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $121,721 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $17,453 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $27,149 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $1,494,619 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $722,033 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $106,666 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $8,255 |
| Prepaid expenses and deferred charges | $13,118 |
| Net Land, buildings, and equipment | $183,835 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,033,907 |
| Accounts payable and accrued expenses | $71,131 |
| 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 | $150,000 |
| Other liabilities | $0 |
| Total liabilities | $221,131 |
| Net assets without donor restrictions | $464,540 |
| Net assets with donor restrictions | $348,236 |
| 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 | $1,033,907 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Forge City Works has recieved totaling $10,000.
| Awarding Organization | Amount |
|---|---|
Farmington Bank Community Foundation Inc Hartford, CT PURPOSE: CULINARY JOB TRAINING | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Economic Opportunity Council Of Suffolk Inc Patchogue, NY | $6,210,341 | $18,971,000 |
Integrated Community Alternatives Network Inc Utica, NY | $14,279,832 | $19,265,883 |
Northern Manhattan Improvement Corp New York, NY | $8,451,430 | $18,004,122 |
Veterans Inc Worcester, MA | $18,236,837 | $18,440,204 |
Chautauqua Opportunities Inc Dunkirk, NY | $6,065,142 | $15,802,051 |
Commission On Economic Opportunity For The Rensselaer County Area Inc Troy, NY | $18,234,515 | $14,616,169 |
Phipps Neighborhoods Inc New York, NY | $46,342,034 | $30,198,997 |
Delaware Opportunities Inc Hamden, NY | $6,012,612 | $14,102,184 |
Painters District Council No 4 S U B Fund Cheektowaga, NY | $33,742,384 | $15,066,465 |
Community Action Agency Of New Haven Inc New Haven, CT | $523,093 | $14,060,753 |
Economic Opportunity Commission Of Nassau County Inc Hempstead, NY | $10,306,992 | $13,197,438 |
Cypress Hills Local Development Corporation Inc Brooklyn, NY | $20,394,898 | $16,091,549 |