Civic Intelligence

Forge Financing Ozark Rural Growth and Economy

990 • Fiscal year 2020 • EIN 71-0674001

Oct 01, 2019 to Sep 30, 2020 • Filed on May 28, 2021

Organization ProfileWWW.FORGEFUND.ORG
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

83rd percentile

0.68x

Higher debt load relative to assets than 83% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Liabilities / Revenue

93rd percentile

3.99x

Higher debt load relative to revenue than 93% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Net Margin

90th percentile

47%

Higher net margin than 90% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Top Officer Pay

21st percentile

$0

Higher top officer pay than 21% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Asset Growth

67th percentile

14%

Faster asset growth than 67% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2019 to 2020

Revenue Growth

69th percentile

12%

Faster revenue growth than 69% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets83rd percentile

Assets

Up

$9,139,095

Up $1,133,776 (+14%) from 2019

Net Assets

Up

$2,936,352

Up $723,888 (+33%) from 2019

Liabilities

Up

$6,202,743

Up $409,888 (+7.1%) from 2019

Revenue And Expenses
Liabilities / Revenue93rd percentileNet Margin90th percentile

Revenue

Up

$1,553,352

Up $168,443 (+12%) from 2019

Expenses

Up

$821,269

Up $109,267 (+15%) from 2019

Net Income

Up

$732,083

Up $59,176 (+8.8%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth67th 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

2020

Assets$9,139,095
Liabilities$6,202,743
Net Assets$2,936,352
Open 2020 Filing

Operations Trend

Revenue Growth69th 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

2020

Revenue$1,553,352
Expenses$821,269
Net Income$732,083
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Oct 1, 2019 to Sep 30, 2020
Signed
May 28, 2021
Return Version
2019v5.0
Gross Receipts
$1,553,352
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, oklahoma, and louisiana.

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$5,976,497$6,036,102▲ $59,605
Cash and Non-Interest-Bearing Accounts$1,664,836$2,186,785▲ $521,949
Pledges and Grants Receivable$86,405$646,765▲ $560,360
Land, Buildings, and Equipment, Net$251,379$242,708▼ $8,671
Prepaid Expenses and Deferred Charges$2,202$9,709▲ $7,507
Total Assets$8,005,319$9,139,095▲ $1,133,776
Other Assets Total$24,000$17,026▼ $6,974
Liabilities
Mortgage Notes Payable Secured by Investment Property$4,855,292$5,070,762▲ $215,470
Other Liabilities$900,828$1,012,329▲ $111,501
Unsecured Notes Loans Payable-$73,912-
Accounts Payable and Accrued Expenses$36,735$45,740▲ $9,005
Total Liabilities$5,792,855$6,202,743▲ $409,888
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,717,952$1,833,760▲ $115,808
Net Assets With Donor Restrictions$494,512$1,102,592▲ $608,080
Total Net Assets Fund Balance$2,212,464$2,936,352▲ $723,888
Total Liabilities and Net Assets / Fund Balance$8,005,319$9,139,095▲ $1,133,776

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$179,530$17,666$197,196
Land$55,000-$55,000
Equipment$8,178$22,432$30,610
Compensation and Service Providers
Top Officer Pay21st percentile

Board Members and Trustees

NameTitle
James MorganPresident
Greg ModicaDirector
Herb CulverDirector
Jessica FrittsSecretary/tr
Mary SanchezVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$1,132,668
Program Service Revenue
$0
Investment Income
$388,654
Other Revenue
$32,030
All Other Contributions
$175,000
Change in Net Assets
$732,083

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,553,352
Total Revenue per Audited Statements
$1,553,352
Total Revenue per Form 990
$1,553,352
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$432,985
Other Expenses$388,284
Total Fundraising Expense$29,914
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$251,534$67,825$21,472$340,831
Other Employee Benefits$46,953$12,661$4,008$63,622
Interest$48,395--$48,395
Payroll Taxes$21,056$5,678$1,798$28,532
Information Technology$17,650$4,759$1,507$23,916
Fees for Services Other-$22,646-$22,646
Fees for Services Accounting-$21,338-$21,338
Depreciation Depletion-$8,672-$8,672
Office Expenses$6,309$1,701$539$8,549
Insurance-$8,268-$8,268
Occupancy$5,652$1,525$484$7,661
All Other Expenses-$5,544-$5,544
Travel-$5,111-$5,111
Other Expenses$13,803$4,761$106$4,761
Advertising$1,705--$1,705
Total Functional Expenses$620,534$170,821$29,914$821,269

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$821,269
Total Expenses per Audited Statements$821,269
Total Expenses per Form 990$821,269
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
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Herbert Culver IiiTrusteeDebt Service PaymentNo-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Investor Deposits$1,012,329
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
Yes
Business relationship with organization members
Yes
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
Yes
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 6

“MEMBERS”

Form 990, Page 6, Part VI, Line 7A

“YES, MEMBERS”

Form 990, Page 6, Part VI, Line 7B

“YES”

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

“Complete copy of form 990 and all schedules were 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

“AVAILABLE UPON REQUEST.”

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
James Morgan
Title
President
Phone
4797381585
Signed
2021-05-28
Discuss with paid preparer
Yes

Organization Details

Principal Officer
James Morgan
Formed
1988
Legal Domicile
Ar
Voting Board Members
5
Independent Board Members
5
Employees
9

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

Additional Explanations

Form 990, Page 2, Part III, Line 4A

“Provided 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 agricultural enterprises in accordance with the exempt function and mission of the organization.forge closed 88 loans valued at 1,754,895 and was recognized as the arkansas microlender of the year. 37 loans were to minority entrepreneurs, 35 loans were to women, 12 loans were to veterans, and 49 loans were to low-income borrowers. 47 loans were in rural census tracts and 41 loans were in urban census tracts. The forge loan portfolio consists of 341 individual loans valued at 6,133,714. Forge provided 2,357 hours of technical assistance and training to 1226 prospective borrowers during the year. Forge provided 2892 hours of technical assistance and training to 253 active borrowers during the year.”

Form 990, Part XI, Line 9

“ROUNDING -2”

Financial Statement Notes

Schedule D, Page 4, Part XI, Line 4B

“Interest expense 0 provision for loan losses 0”

Schedule D, Page 4, Part XII, Line 4B

“Interest expense 0 provision for loan losses 0”

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

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IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt032030
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt032030
IRS990/OtherRevenueTotalAmt032030
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt021472
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt067825
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0251534
IRS990/OtherSalariesAndWagesGrp/TotalAmt0340831
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt05976497
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt06036102
IRS990/PartialLiquidationInd0false
IRS990/PayrollTaxesGrp/FundraisingAmt01798
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt05678
IRS990/PayrollTaxesGrp/ProgramServicesAmt021056
IRS990/PayrollTaxesGrp/TotalAmt028532
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt086405
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0646765
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt02202
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt09709
IRS990/PrincipalOfficerNm0JAMES MORGAN
IRS990/PriorPeriodAdjustmentsAmt0-8193
IRS990/ProfessionalFundraisingInd0false
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0937342
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt0322295
IRS990/PYOtherExpensesAmt0355466
IRS990/PYOtherRevenueAmt0125272
IRS990/PYRevenuesLessExpensesAmt0672907
IRS990/PYSalariesCompEmpBnftPaidAmt0356536
IRS990/PYTotalExpensesAmt0712002
IRS990/PYTotalRevenueAmt01384909
IRS990/ReconcilationRevenueExpnssAmt0732083
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt01132668
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0937342
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt02070010
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt04194
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt05638
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt09832
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0416490
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0441929
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt0858419
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt04194
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt05638
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt09832
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/InvestmentIncomePYPct00.00000
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99670
IRS990ScheduleA/PublicSupportPY509Pct00.99590
IRS990ScheduleA/PublicSupportTotal509Amt02928429
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt01549158
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt01379271
IRS990ScheduleA/Total509Grp/TotalAmt02928429
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt01553352
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt01384909
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt02938261
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/BuildingsGrp/BookValueAmt0179530
IRS990ScheduleD/BuildingsGrp/DepreciationAmt017666
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0197196
IRS990ScheduleD/EquipmentGrp/BookValueAmt08178
IRS990ScheduleD/EquipmentGrp/DepreciationAmt022432
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt030610
IRS990ScheduleD/ExpensesSubtotalAmt0821269
IRS990ScheduleD/LandGrp/BookValueAmt055000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt055000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt01012329
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0INVESTOR DEPOSITS
IRS990ScheduleD/RevenueSubtotalAmt01553352
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0INTEREST EXPENSE 0 PROVISION FOR LOAN LOSSES 0
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1INTEREST EXPENSE 0 PROVISION FOR LOAN LOSSES 0
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 4, PART XI, LINE 4B
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE D, PAGE 4, PART XII, LINE 4B
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0242708
IRS990ScheduleD/TotalExpensesPerForm990Amt0821269
IRS990ScheduleD/TotalLiabilityAmt01012329
IRS990ScheduleD/TotalRevenuePerForm990Amt01553352
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01553352
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0821269
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm0HERBERT CULVER III
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0TRUSTEE
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd0false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0DEBT SERVICE PAYMENT
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0PROVIDED 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 AGRICULTURAL ENTERPRISES IN ACCORDANCE WITH THE EXEMPT FUNCTION AND MISSION OF THE ORGANIZATION.FORGE CLOSED 88 LOANS VALUED AT 1,754,895 AND WAS RECOGNIZED AS THE ARKANSAS MICROLENDER OF THE YEAR. 37 LOANS WERE TO MINORITY ENTREPRENEURS, 35 LOANS WERE TO WOMEN, 12 LOANS WERE TO VETERANS, AND 49 LOANS WERE TO LOW-INCOME BORROWERS. 47 LOANS WERE IN RURAL CENSUS TRACTS AND 41 LOANS WERE IN URBAN CENSUS TRACTS. THE FORGE LOAN PORTFOLIO CONSISTS OF 341 INDIVIDUAL LOANS VALUED AT 6,133,714. FORGE PROVIDED 2,357 HOURS OF TECHNICAL ASSISTANCE AND TRAINING TO 1226 PROSPECTIVE BORROWERS DURING THE YEAR. FORGE PROVIDED 2892 HOURS OF TECHNICAL ASSISTANCE AND TRAINING TO 253 ACTIVE BORROWERS DURING THE YEAR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1MEMBERS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2YES, MEMBERS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3YES
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4COMPLETE COPY OF FORM 990 AND ALL SCHEDULES WERE EMAILED TO BOARD MEMBERS PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE 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/ExplanationTxt6AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7ROUNDING -2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 2, PART III, LINE 4A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PART XI, LINE 9
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt08005319
IRS990/TotalAssetsEOYAmt09139095
IRS990/TotalAssetsGrp/BOYAmt08005319
IRS990/TotalAssetsGrp/EOYAmt09139095
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt01132668
IRS990/TotalEmployeeCnt09
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt029914
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0170821
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0620534
IRS990/TotalFunctionalExpensesGrp/TotalAmt0821269
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt05792855
IRS990/TotalLiabilitiesEOYAmt06202743
IRS990/TotalLiabilitiesGrp/BOYAmt05792855
IRS990/TotalLiabilitiesGrp/EOYAmt06202743
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt02212464
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt02936352
IRS990/TotalProgramServiceExpensesAmt0620534
IRS990/TotalRevenueGrp/ExclusionAmt04194
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0416490
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01553352
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt08005319
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt09139095
IRS990/TravelGrp/ManagementAndGeneralAmt05111
IRS990/TravelGrp/TotalAmt05111
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnsecuredNotesLoansPayableGrp/EOYAmt073912
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt018235 WILDLIFE ROAD
IRS990/USAddress/CityNm0FAYETTEVILLE
IRS990/USAddress/StateAbbreviationCd0AR
IRS990/USAddress/ZIPCd072701
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0WWW.FORGEFUND.ORG
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0JAMES MORGAN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum04797381585
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-05-28
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0FORGE INC
ReturnHeader/Filer/BusinessNameControlTxt0FORG
ReturnHeader/Filer/EIN0710674001
ReturnHeader/Filer/PhoneNum04797381585
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 1138
ReturnHeader/Filer/USAddress/CityNm0HUNTSVILLE
ReturnHeader/Filer/USAddress/StateAbbreviationCd0AR
ReturnHeader/Filer/USAddress/ZIPCd0727401138
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0202759879
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0PRZYBYSZ & ASSOCIATES CPAS PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt04200 JENNY LIND RD STE B
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0FORT SMITH
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0AR
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd072901
ReturnHeader/PreparerPersonGrp/PhoneNum04796490888
ReturnHeader/PreparerPersonGrp/PreparationDt02021-05-28
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0MARC LUX CPA
ReturnHeader/ReturnTs02021-05-28T12:02:22-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02019-10-01

Document Assets

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Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$9,139,095
Liabilities
$6,202,743
Net assets
$2,936,352
Revenue
$1,553,352
Expenses
$821,269
Net income
$732,083
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