Civic Intelligence

Fort Houston Artisan Support Project

990 • Fiscal year 2023 • EIN 82-2263146

Jan 01, 2023 to Dec 31, 2023 • Filed on Aug 02, 2024

217 Willow StNashville, TN 37210

(615) 730-8865

Siviq Scores

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

Liabilities / Assets

97th percentile

1.64x

Higher debt load relative to assets than 97% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Liabilities / Revenue

92nd percentile

1.04x

Higher debt load relative to revenue than 92% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Net Margin

56th percentile

7.6%

Higher net margin than 56% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Top Officer Pay

69th percentile

$53,898

Higher top officer pay than 69% of similar nonprofits.

Top officer pay equals 7.5% of source-year revenue.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Asset Growth

98th percentile

298%

Faster asset growth than 98% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2022 to 2023

Revenue Growth

82nd percentile

51%

Faster revenue growth than 82% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2022 to 2023

Assets

Up

$454,321

Up $340,117 (+298%) from 2022

Net Assets

Up

-$291,042

Up $54,236 (+16%) from 2022

Liabilities

Up

$745,363

Up $285,881 (+62%) from 2022

Revenue

Up

$714,010

Up $241,709 (+51%) from 2022

Expenses

Up

$659,774

Up $19,445 (+3.0%) from 2022

Net Income

Up

$54,236

Up $222,264 (+132%) from 2022

Historical Trend

Balance Sheet Trend

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

$1.0M$500K$0-$500KAssets 2019: $51,439Liabilities 2019: $0Net Assets 2019: $51,4392019Assets 2020: $143,477Liabilities 2020: $111,600Net Assets 2020: $31,8772020Assets 2021: $279,266Liabilities 2021: $456,516Net Assets 2021: -$177,2502021Assets 2022: $114,204Liabilities 2022: $459,482Net Assets 2022: -$345,2782022Assets 2023: $454,321Liabilities 2023: $745,363Net Assets 2023: -$291,0422023Assets 2024: $312,260Liabilities 2024: $567,976Net Assets 2024: -$255,7162024

Highlighted filing

2023

Assets$454,321
Liabilities$745,363
Net Assets-$291,042

Operations Trend

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

$1.0M$500K$0-$500KRevenue 2019: $252,416Expenses 2019: $225,111Net Income 2019: $27,3052019Revenue 2020: $150,521Expenses 2020: $170,083Net Income 2020: -$19,5622020Revenue 2021: $360,558Expenses 2021: $569,685Net Income 2021: -$209,1272021Revenue 2022: $472,301Expenses 2022: $640,329Net Income 2022: -$168,0282022Revenue 2023: $714,010Expenses 2023: $659,774Net Income 2023: $54,2362023Revenue 2024: $837,867Expenses 2024: $802,541Net Income 2024: $35,3262024

Highlighted filing

2023

Revenue$714,010
Expenses$659,774
Net Income$54,236
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Aug 2, 2024
Return Version
2023v5.1
Gross Receipts
$714,010
Mission and Program Overview

Mission

The goal of the artisan support project is to make middle tennessee a place where artists and artisans thrive and where the arts and artisanship are valued.

To give more people affordable access to the professional tools, space, and support they need to succeed as makers and artists, and to provide new opportunities to youth in underserved communities with scholarship programs and mentorship.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$77,314$136,042▲ $58,728
Land, Buildings, and Equipment, Net$19,085$32,155▲ $13,070
Prepaid Expenses and Deferred Charges$12,805$17,022▲ $4,217
Inventories for Sale or Use$5,000$5,000→ $0
Loans From Officers Directors$3,200--
Total Assets$114,204$454,321▲ $340,117
Other Assets Total-$264,102-
Liabilities
Unsecured Notes Loans Payable$455,300$449,011▼ $6,289
Other Liabilities$950$296,336▲ $295,386
Accounts Payable and Accrued Expenses$32$16▼ $16
Total Liabilities$459,482$745,363▲ $285,881
Net Assets / Fund Balance
Net Assets With Donor Restrictions-$45,000-
Net Assets Without Donor Restrictions$-345,278$-336,042▲ $9,236
Total Net Assets Fund Balance$-345,278$-291,042▲ $54,236
Total Liabilities and Net Assets / Fund Balance$114,204$454,321▲ $340,117

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$32,155$16,124$48,279
Other Assets Org$6,482--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Erin HewgleyExecutive DirectorFT$53,898$53,898

Board Members and Trustees

NameTitle
Charles HewgleyChairperson
Ashley HeerenBoard Member
Nick GeorgiouBoard Member
Walter LewisBoard Member
Michael LudwigSecretary
Roger ConnerTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$226,786
Program Service Revenue
$469,797
Investment Income
$625
Other Revenue
$16,802
All Other Contributions
$226,786
Change in Net Assets
$54,236

Audited Revenue Reconciliation

Revenue per Audited Statements
$714,010
Total Revenue per Audited Statements
$714,010
Total Revenue per Form 990
$714,010
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$472,213
Salaries, Compensation, and Employee Benefits$187,561
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$226,839--$226,839
Other Salaries and Wages$91,453$28,880-$120,333
Current Officers, Directors, Trustees, and Key Employees$40,962$12,936-$53,898
All Other Expenses$40,846--$40,846
Interest$22,315--$22,315
Other Expenses$27,701$13,666-$13,666
Payroll Taxes$10,131$3,199-$13,330
Fees for Services Accounting$11,313--$11,313
Advertising$10,609--$10,609
Insurance$9,765--$9,765
Information Technology-$5,948-$5,948
Depreciation Depletion$3,718--$3,718
Office Expenses-$168-$168
Total Functional Expenses$591,509$68,265$0$659,774

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$659,774
Total Expenses per Audited Statements$659,774
Total Expenses per Form 990$659,774
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

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$3,200--
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Right of Use Short Term$135,450
Right of Use Long Term$122,170
20232024 State Scholarships - Prep$23,750
20242025 State Scholarships - Prep$12,216
Gift Cards Payable$1,950
Security Deposits$800
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
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

Officer directors etc family relationship Part VI line 2

Charles hewgley, chairman of the board, and erin hewgley, executive director are related members.

Form 990 governing body review Part VI line 11

Board members are notified 990 is available for review upon request

Governing documents etc available to public Part VI line 19

AVAILABLE UPON REQUEST

Filing and Contact Details

Filer

Filer Name
The Forge Nashville
EIN
82-2263146
Address
217 WILLOW ST, NASHVILLE, TN 37210

Signing Officer

Name
Erin Hewgley
Title
Executive Direc
Phone
6157308865
Signed
2024-08-02
Discuss with paid preparer
Yes

Organization Details

Formed
2017
Legal Domicile
Tn
Voting Board Members
6
Independent Board Members
6
Employees
5
Volunteers
165

Preparer

Firm
Bellenfant Pllc
Address
2919 BERRY HILL DR, NASHVILLE, TN 37204
Preparer
John Bellenfant CPA
Phone
6153708700
Supplemental Narrative

Additional Explanations

Other or change in accounting method Part XII line 1

Accounting method used changed to accrual due to audit being performed.

List of other expenses Part IX line 24E

Program services expenses for dues & subscriptions, artist commission, community events, and scholarship funding, merchandise, meals, taxes & licenses, purchases, and equipment rental.

Financial Statement Notes

Footnote for uncertain tax position under FIN 48 (Part X)

The organization has evaluated its tax positions in accordance with the codification standard relating to accounting for uncertainty in income taxes. The organization believes that it has taken no uncertain tax positions.

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1BOARD MEMBERS ARE NOTIFIED 990 IS AVAILABLE FOR REVIEW UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2AVAILABLE UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ACCOUNTING METHOD USED CHANGED TO ACCRUAL DUE TO AUDIT BEING PERFORMED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4PROGRAM SERVICES EXPENSES FOR DUES & SUBSCRIPTIONS, ARTIST COMMISSION, COMMUNITY EVENTS, AND SCHOLARSHIP FUNDING, MERCHANDISE, MEALS, TAXES & LICENSES, PURCHASES, AND EQUIPMENT RENTAL.
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Governing documents etc available to public Part VI line 19
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ReturnHeader/BuildTS02024-08-08 14:25:15Z
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ReturnHeader/BusinessOfficerGrp/SignatureDt02024-08-02
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0THE FORGE NASHVILLE
ReturnHeader/Filer/BusinessNameControlTxt0FORG
ReturnHeader/Filer/EIN0822263146

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