EIN 71-0674001

Forge (Forge)

IRS 501(c) type
501(c)(3)
Num. employees
10
Year formed
1988
Most recent tax filings
2022-09-01
NTEE code, primary
Description
FORGE assists in long term economic growth and revitalization of rural communities and farm related enterprises in the Ozark region of Arkansas, Missouri, Oklahoma, and Louisiana. It provides loans to small businesses and agricultural enterprises in accordance with the exempt function and mission of the organization. In addition, it offers educational assistance and training to small businesses and agricultural enterprises. Its location is Huntsville, AR.
Total revenues
$1,965,897
2022
Total expenses
$1,628,375
2022
Total assets
$11,064,924
2022
Num. employees
10
2022

Program areas at Forge (Forge)

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 102 loans valued at 3,025,566 and was recognized as the Arkansas microlender of the year. 58 loans were to minority entrepreneurs, 60 loans were to women, 5 loans were to veterens, and 56 loans were to low-income borrowers. 30 loans were in rural census tracts and 69 loans were in urban census tracts. The Forge loan portolio consists of 396 individual loans valued at 6,404,060.

Who funds Forge (Forge)

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Arkansas Community FoundationSupport Technical Assistance for Imani Fund Borrowers and Prospective Borrowers and To Offset the Cost of Capital for Lending Related To the Southern Capital Project$29,000
Operation Hat Trick$20,000
Arkansas Community FoundationTo Support Technical Assistance for Borrowers of the Imani Fund$15,000
...and 1 more grant received
Federal funding details
Federal agencyProgram nameAmount
Small Business AdministrationMICROLOAN PROGRAM$4,324,064
Department of CommerceECONOMIC ADJUSTMENT ASSISTANCE$553,853
Department of AgricultureINTERMEDIARY RELENDING PROGRAM$223,251
...and 1 more federal grant or contract

Personnel at Forge (Forge)

NameTitleCompensation
Philip AdamsExecutive Director$0
James MorganPresident$0
Jessica FrittsSecretary and Treasurer$0
Mary SanchezVice President$0
Cj SentellPast Executive Director
...and 3 more key personnel

Financials for Forge (Forge)

RevenuesFYE 09/2022
Total grants, contributions, etc.$1,543,577
Program services$0
Investment income and dividends$363,644
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$58,676
Total revenues$1,965,897

Form 990s for Forge (Forge)

Fiscal year endingDate received by IRSFormPDF link
2022-092023-04-28990View PDF
2020-092021-05-28990View PDF
2019-092020-10-07990View PDF
2018-092019-07-23990View PDF
2017-092018-06-14990View PDF
...and 9 more Form 990s
Data update history
May 23, 2023
Received grants
Identified 3 new grant, including a grant for $29,000 from Arkansas Community Foundation
May 15, 2023
Used new vendors
Identified 1 new vendor, including
August 12, 2022
Posted financials
Added Form 990 for fiscal year 2020
August 3, 2022
Received grants
Identified 1 new grant, including a grant for $50,000 from Opportunity Finance Network (OFN)
May 24, 2022
Used new vendors
Identified 2 new vendors, including , and
Nonprofit Types
Business and community development organizationsCharities
Issues
Community improvementEconomic development
Characteristics
Receives government fundingManagement and technical assistanceTax deductible donations
General information
Address
PO Box 1138
Huntsville, AR 72740
Metro area
Fayetteville-Springdale-Rogers, AR
County
Madison County, AR
Website URL
forgefund.org/ 
Phone
(479) 738-1585
IRS details
EIN
71-0674001
Fiscal year end
September
Taxreturn type
Form 990
Year formed
1988
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
S30: Economic Development
NAICS code, primary
522120: Savings Institutions
Parent/child status
Independent
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