Forge Greensboro
- Assets
- $168.5k
- Revenue
- $264.8k
- Investments
- $0.0
- Employees
- 10
- Location
- Greensboro, NC
- Founding
- 02/2015
- Data as of
- 06/2022
- EIN
- 46-2346843
Organization Overview
Forge Greensboro is located in Greensboro, NC. The organization was established in 2015. According to its NTEE Classification (S30) the organization is classified as: Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 06/2022, Forge Greensboro employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Forge Greensboro 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 06/2022, Forge Greensboro generated $264.8k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 17.1% each year . All expenses for the organization totaled $410.3k during the year ending 06/2022. While expenses have increased by 24.3% per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO ACQUIRE AND MAINTAIN A COLLABORATIVE WORKSPACE FOR COMMUNAL USE BY ALL MEMBERS; FOSTER A CREATIVE, COLLABORATIVE ENVIRONMENT FOR EXPERIMENTATION AND DEVELOPMENT IN TECHNOLOGY AND ART; INTERACT WITH THE LOCAL COMMUNITY THAT THE SPACE IS SITUATED IN THROUGH EDUCATION AND CULTURAL PARTICIPATION; SHARE OF DEVELOPMENTS AND IDEAS WITH THE WORLD AT LARGE; FACILITATE COMMUNICATION WITH OTHER SPACES AND COLLEAGUES NATIONALLY AND INTERNATIONALLY; AND INVITE EXPERTS AND OTHER CREATIVE INDIVIDUALS TO SHARE THEIR IDEAS AND PROJECTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE A COLLABORATIVE WORKSPACE FOR COMMUNAL USE BY ALL MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joey Adams President | OfficerTrustee | 1 | $0 |
Boyce Collins Secretary | OfficerTrustee | 1 | $0 |
Art Winstead Treasurer | OfficerTrustee | 1 | $0 |
Alvin Garner Director | Trustee | 1 | $0 |
Ken Causey Director | Trustee | 1 | $0 |
Greg Chabon Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $61,324 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $61,324 |
| Total Program Service Revenue | $190,458 |
| Investment income | $1 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $6,000 |
| 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 | $264,794 |
| 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. | $50,000 |
| Compensation of current officers, directors, key employees. | $5,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $87,087 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $3,867 |
| 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 | $2,426 |
| Advertising and promotion | $7,999 |
| Office expenses | $10,072 |
| Information technology | $1,709 |
| Royalties | $0 |
| Occupancy | $112,881 |
| Travel | $767 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $15,627 |
| Insurance | $5,872 |
| All other expenses | $26,638 |
| Total functional expenses | $410,268 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,098 |
| Savings and temporary cash investments | $514 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $5,500 |
| 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 | $0 |
| Net Land, buildings, and equipment | $155,393 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,958 |
| Total assets | $168,463 |
| Accounts payable and accrued expenses | $76,123 |
| 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 | $58,452 |
| Total liabilities | $134,575 |
| Net assets without donor restrictions | $33,888 |
| Net assets with donor restrictions | $0 |
| 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 | $168,463 |