Forge Nashville
Fiscal Year
Fiscal Year Start
01/01/2024
Fiscal Year End
12/31/2024
Projected Revenue
$825,000.00
Projected Expenses
$780,000.00
Organizational Budgets and Other Documents
| 2023 Projected Financials | 2023 |
| 2022 Budget Projection | 2022 |
| Financial Statement | 2021 |
| 2021 Financial Report | 2021 |
| 2021 990 | 2021 |
| Budget-2020 | 2020 |
| Budget-financial statement | 2019 |
IRS Letter of Exemption
| Name Change | 2022 |
Detailed Financials
Revenue and Expenses
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Total Revenue | $472,301.00 | $360,558.00 | |
| Total Expenses | $640,329.00 | $569,685.00 | |
| Revenue Less Expenses | ($-0.00) | ($168,028.00) | ($209,127.00) |
Revenue Sources
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Foundation and Corporation Contributions | $0.00 | $0.00 | |
| Government - Federal | $0.00 | $0.00 | |
| Government - State | $0.00 | $0.00 | |
| Government - Local | $0.00 | $0.00 | |
| Government - Unspecified | $0.00 | $0.00 | |
| Contributions, Gifts, and Grants | $151,142.00 | $201,572.00 | |
| Indirect Public Support | $0.00 | $0.00 | |
| Earned Revenue | $320,906.00 | $158,744.00 | |
| Investment Income, Net of Losses | $253.00 | $242.00 | |
| Membership Dues | $0.00 | $0.00 | |
| Special Events | $0.00 | $0.00 | |
| Revenue In-Kind | $0.00 | $0.00 | |
| Other | $0.00 | $0.00 |
Expense Allocation
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Program Expense | $622,459.00 | $557,832.00 | |
| Administration Expense | $17,870.00 | $11,853.00 | |
| Fundraising Expense | $0.00 | $0.00 | |
| Total Revenue/Total Expenses | 74% | 63% | |
| Program Expense/Total Expenses | 97% | 98% | |
| Fundraising Expense/Contributed Revenue | 0% | 0% |
Top Funding Sources
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Top Funding Source & Dollar Amount | $0.00 | Program Revenue $320,906.00 | Contributions, Gifts, and Grants $201,572.00 |
| Second Highest Funding Source & Dollar Amount | $0.00 | Contributions, Gifts, and Grants $151,142.00 | Program Revenue $158,744.00 |
| Third Highest Funding Source & Dollar Amount | $0.00 | Investment Income $253.00 | Investment Income $242.00 |
Assets and Liabilities
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Total Assets | $114,204.00 | $279,266.00 | |
| Current Assets | $95,119.00 | $266,068.00 | |
| Long-Term Liabilities | $455,300.00 | $450,300.00 | |
| Current Liabilities | $4,182.00 | $6,216.00 | |
| Total Net Assets | $-345,278.00 | $-177,250.00 |
Endowment Info
Do you have an endowment?
No
Capital Campaign Info
Are you currently in a Capital Campaign?
Yes
Do you anticipate a campaign in the next 5 years?
Yes
What is the campaign goal?
$100,000.00
What is the purpose of the capital campaign?
To raise unrestricted donations for the purpose of moving to a new location. We are losing our lease in 2025
Campaign Start
March 2023
Campaign End
March 2025
Campaign Raised to Date Month
March
Campaign Raised to Date Year
2024
Campaign Raised to Date Amount
$19,500.00
Solicitation Permit Info
State Charitable Solicitations Permit
Yes
Permit Expiration Month
September
Permit Expiration Year
2025
Form 990s
| 2022 Form 990 | 2022 |
| 2021 990 | 2021 |
| 2020 990 | 2020 |
| 2019 - 990 | 2019 |
Audit Documents
No audit documents are available at this time
CEO/Executive Director/Board Comments
| Our organization survived two major challenges in the past two years: The Pandemic dramatically reduced our revenue; in 2019 our landlord cut our space in half , and in 2020 doubled the rent. In December 2020 we signed a lease on the property at 2017 Willow St. Thanks to an EIDL loan we survived the loss of revenue and spent 2021 renovating the Willow St building. Now--spring 2022--we are seeing the results. Memberships and contributions are surging, and we now see a sustainable future |
Foundation Staff Comments
| Financial figures taken from Form 990. Foundation and corporate grants may be included in Contributions, Gifts, and Grants sum, as these amounts are not separated in Form 990. Form 990 was prepared by Puryear & Noonan, CPAS. In some years, schedule B removed to protect donor privacy. Comments provided by Hayley Sulfridge 7/31/23. |
