Civic Intelligence

Forge Financing Ozark Rural Growth and Economy

990 • Fiscal year 2016 • EIN 71-0674001

Oct 01, 2015 to Sep 30, 2016 • Filed on Apr 18, 2017

Organization ProfileWWW.FORGEONLINE.COM
PO Box 1138Huntsville, AR 72740-1138

(479) 738-1585

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

84th percentile

0.74x

Higher debt load relative to assets than 84% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2016

Liabilities / Revenue

95th percentile

6.53x

Higher debt load relative to revenue than 95% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2016

Net Margin

92nd percentile

49%

Higher net margin than 92% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2016

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2016

Asset Growth

83rd percentile

18%

Faster asset growth than 83% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2015 to 2016

Revenue Growth

93rd percentile

73%

Faster revenue growth than 93% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets84th percentile

Assets

Up

$5,421,157

Up $844,669 (+18%) from 2015

Net Assets

Up

$1,422,877

Up $298,254 (+27%) from 2015

Liabilities

Up

$3,998,280

Up $546,415 (+16%) from 2015

Revenue And Expenses
Liabilities / Revenue95th percentileNet Margin92nd percentile

Revenue

Up

$611,920

Up $257,846 (+73%) from 2015

Expenses

Up

$313,656

Up $36,222 (+13%) from 2015

Net Income

Up

$298,264

Up $221,624 (+289%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth83rd percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$15M$10M$5.0M$0Assets 2011: $2,013,038Liabilities 2011: $1,589,580Net Assets 2011: $423,4582011Assets 2012: $2,392,449Liabilities 2012: $1,927,539Net Assets 2012: $464,9102012Assets 2013: $3,519,251Liabilities 2013: $2,496,859Net Assets 2013: $1,022,3922013Assets 2014: $4,283,906Liabilities 2014: $3,235,923Net Assets 2014: $1,047,9832014Assets 2015: $4,576,488Liabilities 2015: $3,451,865Net Assets 2015: $1,124,6232015Assets 2016: $5,421,157Liabilities 2016: $3,998,280Net Assets 2016: $1,422,8772016Assets 2017: $6,880,152Liabilities 2017: $5,410,337Net Assets 2017: $1,469,8152017Assets 2018: $7,211,168Liabilities 2018: $5,555,272Net Assets 2018: $1,655,8962018Assets 2019: $8,005,319Liabilities 2019: $5,792,855Net Assets 2019: $2,212,4642019Assets 2020: $9,139,095Liabilities 2020: $6,202,743Net Assets 2020: $2,936,3522020Assets 2021: $10,015,357Liabilities 2021: $5,942,470Net Assets 2021: $4,072,8872021Assets 2022: $11,064,924Liabilities 2022: $6,654,515Net Assets 2022: $4,410,4092022Assets 2023: $12,877,023Liabilities 2023: $8,370,976Net Assets 2023: $4,506,0472023Assets 2024: $11,375,673Liabilities 2024: $7,719,131Net Assets 2024: $3,656,5422024

Highlighted filing

2016

Assets$5,421,157
Liabilities$3,998,280
Net Assets$1,422,877
Open 2016 Filing

Operations Trend

Revenue Growth93rd percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2011: $286,738Expenses 2011: $172,485Net Income 2011: $114,2532011Revenue 2012: $237,597Expenses 2012: $196,145Net Income 2012: $41,4522012Revenue 2013: $815,627Expenses 2013: $258,145Net Income 2013: $557,4822013Revenue 2014: $309,648Expenses 2014: $284,057Net Income 2014: $25,5912014Revenue 2015: $354,074Expenses 2015: $277,434Net Income 2015: $76,6402015Revenue 2016: $611,920Expenses 2016: $313,656Net Income 2016: $298,2642016Revenue 2017: $470,924Expenses 2017: $423,986Net Income 2017: $46,9382017Revenue 2018: $579,068Expenses 2018: $392,987Net Income 2018: $186,0812018Revenue 2019: $1,384,909Expenses 2019: $712,002Net Income 2019: $672,9072019Revenue 2020: $1,553,352Expenses 2020: $821,269Net Income 2020: $732,0832020Revenue 2021: $2,246,755Expenses 2021: $1,110,220Net Income 2021: $1,136,5352021Revenue 2022: $1,965,897Expenses 2022: $1,628,375Net Income 2022: $337,5222022Revenue 2023: $2,241,893Expenses 2023: $2,146,255Net Income 2023: $95,6382023Revenue 2024: $1,468,312Expenses 2024: $2,289,190Net Income 2024: -$820,8782024

Highlighted filing

2016

Revenue$611,920
Expenses$313,656
Net Income$298,264
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Oct 1, 2015 to Sep 30, 2016
Signed
Apr 18, 2017
Return Version
2015v3.0
Gross Receipts
$611,920
Mission and Program Overview

Mission

To assist in long term economic growth and revitalization of rural communities and farm related enterprises in the ozark region of arkansas, missouri, and oklahoma.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$3,235,547$3,646,611▲ $411,064
Cash and Non-Interest-Bearing Accounts$1,273,877$1,543,140▲ $269,263
Land, Buildings, and Equipment, Net$15,806$138,066▲ $122,260
Pledges and Grants Receivable$32,649$74,356▲ $41,707
Prepaid Expenses and Deferred Charges$698$698→ $0
Total Assets$4,576,488$5,421,157▲ $844,669
Other Assets Total$17,911$18,286▲ $375
Liabilities
Mortgage Notes Payable Secured by Investment Property$2,509,811$3,142,405▲ $632,594
Other Liabilities$926,109$788,756▼ $137,353
Accounts Payable and Accrued Expenses$15,955$67,119▲ $51,164
Total Liabilities$3,451,875$3,998,280▲ $546,405
Net Assets / Fund Balance
Unrestricted Net Assets$743,620$823,634▲ $80,014
Temporarily Rstr Net Assets$380,993$599,243▲ $218,250
Total Net Assets Fund Balance$1,124,613$1,422,877▲ $298,264
Total Liabilities and Net Assets / Fund Balance$4,576,488$5,421,157▲ $844,669

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$69,650-$69,650
Land$55,000-$55,000
Equipment$11,682$17,837$29,519
Leasehold Improvements$1,734$3,343$5,077
Compensation and Service Providers
Top Officer PayScore unavailable

Board Members and Trustees

NameTitle
Bob PenquitePresident
Bill FoxDirector
Bill LordDirector
Mary SanchezDirector
Steve ParkerDirector
Tom PorterfieldDirector
Rebecca LynnSecretary
Mark NelsonTreasurer
James MorganVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$385,647
Program Service Revenue
$0
Investment Income
$210,735
Other Revenue
$15,538
All Other Contributions
$120,050
Change in Net Assets
$298,264

Audited Revenue Reconciliation

Revenue per Audited Statements
$611,920
Total Revenue per Audited Statements
$611,920
Total Revenue per Form 990
$611,920
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$175,288
Other Expenses$138,368
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$127,435$14,160-$141,595
Interest$37,407--$37,407
Other Employee Benefits$19,242$2,138-$21,380
Fees for Services Accounting$10,770$3,590-$14,360
Office Expenses$12,122$1,625-$13,747
Occupancy$11,506$1,278-$12,784
Payroll Taxes$11,082$1,231-$12,313
Travel$3,645--$3,645
Insurance$2,789$310-$3,099
Other Expenses$3,000--$3,000
Depreciation Depletion$2,150$239-$2,389
Advertising$248--$248
Total Functional Expenses$289,085$24,571$0$313,656

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$313,656
Total Expenses per Audited Statements$313,656
Total Expenses per Form 990$313,656
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Investor Deposits$788,756
Line of Credit-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

“Complete copy of form 990 and all schedules was emailed to board members prior to filing.”

Form 990, Page 6, Part VI, Line 12C

“The forge board and staff actively monitor possible conflicts of interest. As stated in the forge by-laws and personnel policy manual, it is the responsibility of staff members and board members to divulge any financial interest that they may have in the loan approval or investor acceptance process. Possible conflicts of interest are discussed at the quarterly forge board of trustee meetings when the forge board of trustees reviews and approves all new loans, reiviews the loan portfolio, internal financial reports, and examines loan committee reports.”

Form 990, Page 6, Part VI, Line 19

“No documents available to the public”

Filing and Contact Details

Filer

Filer Name
Forge Inc
EIN
71-0674001
Phone
4797381585
Address
PO BOX 1138, HUNTSVILLE, AR 72740-1138

Signing Officer

Name
Charlie Stockton
Title
Executive Director
Phone
4797381585
Signed
2017-04-18
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Bob Penquite
Formed
1988
Legal Domicile
Ar
Voting Board Members
8
Independent Board Members
8
Employees
3

Preparer

Firm
Przybysz & Associates Cpas Pc
Address
4200 JENNY LIND RD STE B, FORT SMITH, AR 72901
Preparer
Marc Lux CPA
Phone
4796490888
Supplemental Narrative

Financial Statement Notes

Schedule D, Page 3, Part X

“The organization files tax-exempt returns in the u.s. Federal jurisdictions. With some exceptions, the organization remains open to u.s. Federal tax examinations by tax authorities for a period of 3 years after the respective filing deadlines of those returns. The financial accounting standards board (fasb) has issued fasb interpretation related to accounting for uncertainty in income taxes - an interpretation of accounting standards codification (asc) 740-10,which clarifies the accounting for uncertainty in income taxes provisions. Based on an evaluation of uncertain tax provisions, management is required to measure potential liabilities that could have a risk of greater than 50% likelihood of being realized upon settlement. As of september 30, 2016 and 2015, management has determined that the organization had no such risk and therefore no liabilities have been recorded for uncertain tax provisions.”

Raw XML AppendixShowing 400 of 418 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
IRS990/AccountantCompileOrReviewInd0false
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt015955
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt067119
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0TO ASSIST IN LONG TERM ECONOMIC GROWTH AND REVITALIZATION OF RURAL COMMUNITIES AND FARM RELATED ENTERPRISES IN THE OZARK REGION OF ARKANSAS, MISSOURI, AND OKLAHOMA.
IRS990/AdvertisingGrp/ProgramServicesAmt0248
IRS990/AdvertisingGrp/TotalAmt0248
IRS990/AllOtherContributionsAmt0120050
IRS990/AnnualDisclosureCoveredPrsnInd0true
IRS990/AuditCommitteeInd0true
IRS990/BooksInCareOfDetail/PersonNm0THE ORGANIZATION
IRS990/BooksInCareOfDetail/PhoneNum04797381585
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0204 E MAIN STREET
IRS990/BooksInCareOfDetail/USAddress/CityNm0HUNTSVILLE
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0AR
IRS990/BooksInCareOfDetail/USAddress/ZIPCd072740
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOfficerEntInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CashNonInterestBearingGrp/BOYAmt01273877
IRS990/CashNonInterestBearingGrp/EOYAmt01543140
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CollectionsOfArtInd0false
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0false
IRS990/CompensationProcessOtherInd0false
IRS990/ConflictOfInterestPolicyInd0true
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt0385647
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt0210735
IRS990/CYOtherExpensesAmt0138368
IRS990/CYOtherRevenueAmt015538
IRS990/CYProgramServiceRevenueAmt00
IRS990/CYRevenuesLessExpensesAmt0298264
IRS990/CYSalariesCompEmpBnftPaidAmt0175288
IRS990/CYTotalExpensesAmt0313656
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt0611920
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/DepreciationDepletionGrp/ManagementAndGeneralAmt0239
IRS990/DepreciationDepletionGrp/ProgramServicesAmt02150
IRS990/DepreciationDepletionGrp/TotalAmt02389
IRS990/Desc0PROVIDE 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 AGRICULTRUAL ENTERPRISES IN ACCORDANCE WITH THE EXEMPT FUNCTION AND MISSION OF THE ORGANIZATION.
IRS990/DescribedInSection501c3Ind0true
IRS990/DisregardedEntityInd0false
IRS990/DocumentRetentionPolicyInd0false
IRS990/DonorAdvisedFundInd0false
IRS990/ElectionOfBoardMembersInd0false
IRS990/EmployeeCnt03
IRS990/EmploymentTaxReturnsFiledInd0true
IRS990/EngagedInExcessBenefitTransInd0false
IRS990/ExpenseAmt0289085
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FederalGrantAuditPerformedInd0true
IRS990/FederalGrantAuditRequiredInd0true
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt03590
IRS990/FeesForServicesAccountingGrp/ProgramServicesAmt010770
IRS990/FeesForServicesAccountingGrp/TotalAmt014360
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignOfficeInd0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt02.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt12.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt22.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt32.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt42.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt52.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt62.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt72.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt82.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd7X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd8X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt80
IRS990/Form990PartVIISectionAGrp/PersonNm0BOB PENQUITE
IRS990/Form990PartVIISectionAGrp/PersonNm1MARK NELSON
IRS990/Form990PartVIISectionAGrp/PersonNm2BILL LORD
IRS990/Form990PartVIISectionAGrp/PersonNm3REBECCA LYNN
IRS990/Form990PartVIISectionAGrp/PersonNm4BILL FOX
IRS990/Form990PartVIISectionAGrp/PersonNm5JAMES MORGAN
IRS990/Form990PartVIISectionAGrp/PersonNm6STEVE PARKER
IRS990/Form990PartVIISectionAGrp/PersonNm7MARY SANCHEZ
IRS990/Form990PartVIISectionAGrp/PersonNm8TOM PORTERFIELD
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt3SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5VICE PRESIDE
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990ProvidedToGvrnBodyInd0true
IRS990/FormationYr01988
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedBasisGrp/ConsolidatedBasisFinclStmtInd0X
IRS990/FSAuditedInd0true
IRS990/FundraisingActivitiesInd0false
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt08
IRS990/GovernmentGrantsAmt0265597
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt0611920
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0true
IRS990/IndependentAuditFinclStmtInd0true
IRS990/IndependentVotingMemberCnt08
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InsuranceGrp/ManagementAndGeneralAmt0310
IRS990/InsuranceGrp/ProgramServicesAmt02789
IRS990/InsuranceGrp/TotalAmt03099
IRS990/InterestGrp/ProgramServicesAmt037407
IRS990/InterestGrp/TotalAmt037407
IRS990/InvestmentIncomeGrp/ExclusionAmt01338
IRS990/InvestmentIncomeGrp/RelatedOrExemptFuncIncomeAmt0209397
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0210735
IRS990/InvestmentInJointVentureInd0false
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt021180
IRS990/LandBldgEquipBasisNetGrp/BOYAmt015806
IRS990/LandBldgEquipBasisNetGrp/EOYAmt0138066
IRS990/LandBldgEquipCostOrOtherBssAmt0159246
IRS990/LegalDomicileStateCd0AR
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0TO ASSIST IN LONG TERM ECONOMIC GROWTH AND REVITALIZATION OF RURAL COMMUNITIES AND FARM RELATED ENTERPRISES IN THE OZARK REGION OF ARKANSAS, MISSOURI, AND OKLAHOMA.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt02509811
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt03142405
IRS990/NetAssetsOrFundBalancesBOYAmt01124613
IRS990/NetAssetsOrFundBalancesEOYAmt01422877
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/ManagementAndGeneralAmt01278
IRS990/OccupancyGrp/ProgramServicesAmt011506
IRS990/OccupancyGrp/TotalAmt012784
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt01625
IRS990/OfficeExpensesGrp/ProgramServicesAmt012122
IRS990/OfficeExpensesGrp/TotalAmt013747
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt017911
IRS990/OtherAssetsTotalGrp/EOYAmt018286
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt02138
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt019242
IRS990/OtherEmployeeBenefitsGrp/TotalAmt021380
IRS990/OtherExpensesGrp/Desc0PROVISION FOR LOAN LOSSES
IRS990/OtherExpensesGrp/Desc1CONTRACT SERVICES
IRS990/OtherExpensesGrp/Desc2LOAN PROGRAM
IRS990/OtherExpensesGrp/Desc3OTHER
IRS990/OtherExpensesGrp/ProgramServicesAmt023897
IRS990/OtherExpensesGrp/ProgramServicesAmt112336
IRS990/OtherExpensesGrp/ProgramServicesAmt211456
IRS990/OtherExpensesGrp/ProgramServicesAmt33000
IRS990/OtherExpensesGrp/TotalAmt023897
IRS990/OtherExpensesGrp/TotalAmt112336
IRS990/OtherExpensesGrp/TotalAmt211456
IRS990/OtherExpensesGrp/TotalAmt33000
IRS990/OtherLiabilitiesGrp/BOYAmt0926109
IRS990/OtherLiabilitiesGrp/EOYAmt0788756
IRS990/OtherRevenueMiscGrp/Desc0OTHER REVENUE
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt015538
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt015538
IRS990/OtherRevenueTotalAmt015538
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt014160
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0127435
IRS990/OtherSalariesAndWagesGrp/TotalAmt0141595
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt03235547
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt03646611
IRS990/PartialLiquidationInd0false
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt01231
IRS990/PayrollTaxesGrp/ProgramServicesAmt011082
IRS990/PayrollTaxesGrp/TotalAmt012313
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt032649
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt074356
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0698
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0698
IRS990/PrincipalOfficerNm0BOB PENQUITE
IRS990/ProfessionalFundraisingInd0false
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0163295
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt0179986
IRS990/PYOtherExpensesAmt0110965
IRS990/PYOtherRevenueAmt010793
IRS990/PYRevenuesLessExpensesAmt076630
IRS990/PYSalariesCompEmpBnftPaidAmt0166479
IRS990/PYTotalExpensesAmt0277444
IRS990/PYTotalRevenueAmt0354074
IRS990/ReconcilationRevenueExpnssAmt0298264
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0385647
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0163295
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0162508
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0692038
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt0130996
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt01534484
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt01338
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt01524
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt02020
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt02948
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt02925
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt010755
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0224935
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0189255
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0145120
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0120641
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0103676
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt0783627
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt01338
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt01524
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt02020
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt02948
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt02925
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt010755
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/InvestmentIncomePYPct00.03000
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99540
IRS990ScheduleA/PublicSupportPY509Pct00.96830
IRS990ScheduleA/PublicSupportTotal509Amt02318111
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0610582
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0352550
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0307628
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0812679
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0234672
IRS990ScheduleA/Total509Grp/TotalAmt02318111
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0611920
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0354074
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0309648
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0815627
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0237597
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt02328866
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/EquipmentGrp/BookValueAmt011682
IRS990ScheduleD/EquipmentGrp/DepreciationAmt017837
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt029519
IRS990ScheduleD/ExpensesSubtotalAmt0313656
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt055000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt055000
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt01734
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt03343
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt05077
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt069650
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt069650
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0788756
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0INVESTOR DEPOSITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1LINE OF CREDIT
IRS990ScheduleD/RevenueSubtotalAmt0611920
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION FILES TAX-EXEMPT RETURNS IN THE U.S. FEDERAL JURISDICTIONS. WITH SOME EXCEPTIONS, THE ORGANIZATION REMAINS OPEN TO U.S. FEDERAL TAX EXAMINATIONS BY TAX AUTHORITIES FOR A PERIOD OF 3 YEARS AFTER THE RESPECTIVE FILING DEADLINES OF THOSE RETURNS. THE FINANCIAL ACCOUNTING STANDARDS BOARD (FASB) HAS ISSUED FASB INTERPRETATION RELATED TO ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES - AN INTERPRETATION OF ACCOUNTING STANDARDS CODIFICATION (ASC) 740-10,WHICH CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES PROVISIONS. BASED ON AN EVALUATION OF UNCERTAIN TAX PROVISIONS, MANAGEMENT IS REQUIRED TO MEASURE POTENTIAL LIABILITIES THAT COULD HAVE A RISK OF GREATER THAN 50% LIKELIHOOD OF BEING REALIZED UPON SETTLEMENT. AS OF SEPTEMBER 30, 2016 AND 2015, MANAGEMENT HAS DETERMINED THAT THE ORGANIZATION HAD NO SUCH RISK AND THEREFORE NO LIABILITIES HAVE BEEN RECORDED FOR UNCERTAIN TAX PROVISIONS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 3, PART X
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0138066
IRS990ScheduleD/TotalExpensesPerForm990Amt0313656
IRS990ScheduleD/TotalLiabilityAmt0788756
IRS990ScheduleD/TotalRevenuePerForm990Amt0611920
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0611920
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0313656
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0false
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0COMPLETE COPY OF FORM 990 AND ALL SCHEDULES WAS EMAILED TO BOARD MEMBERS PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE FORGE BOARD AND STAFF ACTIVELY MONITOR POSSIBLE CONFLICTS OF INTEREST. AS STATED IN THE FORGE BY-LAWS AND PERSONNEL POLICY MANUAL, IT IS THE RESPONSIBILITY OF STAFF MEMBERS AND BOARD MEMBERS TO DIVULGE ANY FINANCIAL INTEREST THAT THEY MAY HAVE IN THE LOAN APPROVAL OR INVESTOR ACCEPTANCE PROCESS. POSSIBLE CONFLICTS OF INTEREST ARE DISCUSSED AT THE QUARTERLY FORGE BOARD OF TRUSTEE MEETINGS WHEN THE FORGE BOARD OF TRUSTEES REVIEWS AND APPROVES ALL NEW LOANS, REIVIEWS THE LOAN PORTFOLIO, INTERNAL FINANCIAL REPORTS, AND EXAMINES LOAN COMMITTEE REPORTS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2NO DOCUMENTS AVAILABLE TO THE PUBLIC
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt0380993
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt0599243
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt04576488
IRS990/TotalAssetsEOYAmt05421157
IRS990/TotalAssetsGrp/BOYAmt04576488
IRS990/TotalAssetsGrp/EOYAmt05421157
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0385647
IRS990/TotalEmployeeCnt03
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt024571
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0289085
IRS990/TotalFunctionalExpensesGrp/TotalAmt0313656
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt03451875
IRS990/TotalLiabilitiesEOYAmt03998280
IRS990/TotalLiabilitiesGrp/BOYAmt03451875
IRS990/TotalLiabilitiesGrp/EOYAmt03998280
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01124613
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01422877
IRS990/TotalProgramServiceExpensesAmt0289085
IRS990/TotalRevenueGrp/ExclusionAmt01338
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0224935
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0611920
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt04576488
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt05421157
IRS990/TravelGrp/ProgramServicesAmt03645
IRS990/TravelGrp/TotalAmt03645
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0743620
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0823634
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt01608 BRENTWOOD DR
IRS990/USAddress/CityNm0HARRISON
IRS990/USAddress/StateAbbreviationCd0AR
IRS990/USAddress/ZIPCd072602
IRS990/VotingMembersGoverningBodyCnt08
IRS990/VotingMembersIndependentCnt08
IRS990/WebsiteAddressTxt0WWW.FORGEONLINE.COM
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0CHARLIE STOCKTON
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum04797381585
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-04-18
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0FORGE INC
ReturnHeader/Filer/BusinessNameControlTxt0FORG
ReturnHeader/Filer/EIN0710674001
ReturnHeader/Filer/PhoneNum04797381585

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$5,421,157
Liabilities
$3,998,280
Net assets
$1,422,877
Revenue
$611,920
Expenses
$313,656
Net income
$298,264
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$11.4$7.72$3.66$1.47$2.29$0.82
2023Detailed filing. Detailed filing data is available for this year.$12.9$8.37$4.51$2.24$2.15$0.10
2022Detailed filing. Detailed filing data is available for this year.$11.1$6.65$4.41$1.97$1.63$0.34
2021Detailed filing. Detailed filing data is available for this year.$10.0$5.94$4.07$2.25$1.11$1.14
2020Detailed filing. Detailed filing data is available for this year.$9.14$6.20$2.94$1.55$0.82$0.73
2019Detailed filing. Detailed filing data is available for this year.$8.01$5.79$2.21$1.38$0.71$0.67
2018Detailed filing. Detailed filing data is available for this year.$7.21$5.56$1.66$0.58$0.39$0.19
2017Detailed filing. Detailed filing data is available for this year.$6.88$5.41$1.47$0.47$0.42$0.05
2016Detailed filing. Detailed filing data is available for this year.$5.42$4.00$1.42$0.61$0.31$0.30
2015Detailed filing. Detailed filing data is available for this year.$4.58$3.45$1.12$0.35$0.28$0.08
2014Detailed filing. Detailed filing data is available for this year.$4.28$3.24$1.05$0.31$0.28$0.03
2013Summary only. Only limited summary data is available for this year.$3.52$2.50$1.02$0.82$0.26$0.56
2012Summary only. Only limited summary data is available for this year.$2.39$1.93$0.46$0.24$0.20$0.04
2011Summary only. Only limited summary data is available for this year.$2.01$1.59$0.42$0.29$0.17$0.11