Forge Greensboro
- Assets
- $209.0k
- Revenue
- $393.1k
- Investments
- $0.0
- Employees
- 4
- Location
- Greensboro, NC
- Founding
- 02/2015
- Data as of
- 06/2021
- 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 06/2021, Forge Greensboro employed 4 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 06/2021, Forge Greensboro generated $393.1k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 28.4% each year . All expenses for the organization totaled $356.1k during the year ending 06/2021. While expenses have increased by 25.9% per year over the past 6 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
2021
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 |
|---|---|---|---|
Joe Rotondi Executive Director | Officer | 40 | $46,750 |
Boyce Collins Secretary | Officer | 1 | $0 |
Joey Adams President | Officer | 1 | $0 |
Art Winstead Treasurer | Officer | 1 | $0 |
Alvin Garner Director | Trustee | 1 | $0 |
Ken Causey Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $11,353 |
| All other contributions, gifts, grants, and similar amounts not included above | $82,541 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $93,894 |
| Total Program Service Revenue | $230,449 |
| 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 | $393,090 |
| 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. | $46,750 |
| Compensation of current officers, directors, key employees. | $4,675 |
| Compensation to disqualified persons | $88,318 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $13,132 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $30 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,026 |
| Advertising and promotion | $3,532 |
| Office expenses | $14,896 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $73,262 |
| Travel | $0 |
| 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 | $15,464 |
| Insurance | $5,818 |
| All other expenses | $16,554 |
| Total functional expenses | $356,107 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,534 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $33,383 |
| 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 | $169,054 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $208,971 |
| Accounts payable and accrued expenses | $0 |
| 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 | $13,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $16,609 |
| Total liabilities | $29,609 |
| Net assets without donor restrictions | $179,362 |
| 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 | $208,971 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Forge Greensboro has recieved totaling $44,691.
| Awarding Organization | Amount |
|---|---|
The Cemala Foundation Inc Greensboro, NC PURPOSE: GENERAL OPERATING SUPPORT | $25,000 |
Lincoln Financial Foundation Inc Radnor, PA PURPOSE: FINANCIAL WELLNESS PROGRAMS | $10,000 |
United Arts Council Of Greater Greensboro Inc Greensboro, NC PURPOSE: AG RELIEF GRANT | $9,375 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $316 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Metro Atlanta Host Committee Inc Atlanta, GA | $222,399 | $14,582,853 |
Economic Development Partnership Of North Carolina Inc Raleigh, NC | $8,246,221 | $25,900,688 |
Atlanta Convention & Vistors Bureau Inc Atlanta, GA | $20,280,984 | $17,066,911 |
Memphis Convention And Visitors Bureau Memphis, TN | $38,589,779 | $17,172,027 |
Tennessee Technology Development Corporation Nashville, TN | $18,062,853 | $12,109,273 |
Riverfront Development Corporation Memphis, TN | $39,591,502 | $20,233,137 |
Chattanooga Area Convention And Visitors Bureau Inc Chattanooga, TN | $6,892,228 | $12,124,566 |
Nash-Edgecombe Economic Development Inc Rocky Mount, NC | $2,214,551 | $9,450,498 |
Alexandria Economic Development Partnership Inc Alexandria, VA | $1,919,174 | $9,268,061 |
Richmond Metropolitan Convention & Vistors Bureau Richmond, VA | $6,099,091 | $8,138,093 |
Knoxville Convention & Visitors Bureau Inc Knoxville, TN | $5,768,468 | $5,619,069 |
South Carolina I-77 Alliance Richburg, SC | $4,361,702 | $6,505,378 |