2024-06-10T14:37:25-04:00 2023-09-30 843068935 PRZ CPAS & ADVISORS 4200 JENNY LIND RD STE B FORT SMITH AR 72901 990 2022-10-01 710674001 FORGE INC FORG 4797381585 PO BOX 1138 HUNTSVILLE AR 727401138 JAMES MORGAN PRESIDENT 4797381585 2024-06-10 true JAMES MORGAN 999009999 true MARC LUX CPA P00588449 4796490888 2024-06-10 2022 2023-04-26 12:10:37Z JAMES MORGAN 18235 WILDLIFE ROAD FAYETTEVILLE AR 72701 2241893 false X WWW.FORGEFUND.ORG X 1988 AR 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. 5 5 10 0 1543577 1783043 0 363644 409746 58676 49104 1965897 2241893 0 0 829451 977507 0 60635 798924 1168748 1628375 2146255 337522 95638 11064924 12877023 6654515 8370976 4410409 4506047 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. false false 1822070 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. 1822070 true true false false false false false false false false true false false false true false true false false false false false false false false false false false false false false false false false false true true false false false false false false false false false false true 12 0 10 true false false false false false false false false X 5 5 false false false false true true true true true false false true true true true true false false false false X THE ORGANIZATION 4797381585 4415 US HIGHWAY 412 BUSINESS HUNTSVILLE AR 72740 X HERB CULVER DIRECTOR 2.00 X 0 0 0 JESSICA FRITTS SECRETARY/TR 2.00 X X 0 0 0 GREG MODICA DIRECTOR 2.00 X 0 0 0 JAMES MORGAN PRESIDENT 2.00 X X 0 0 0 MARY SANCHEZ VICE PRESIDE 2.00 X X 0 0 0 false false false 1616455 166588 1783043 409746 385052 24694 OTHER REVENUE 49104 49104 49104 2241893 434156 24694 777991 612240 121786 43965 141100 111038 22088 7974 58416 45971 9144 3301 29732 29732 1291 1291 56336 56336 27346 21519 4281 1546 33235 26154 5203 1878 16941 10005 4965 1971 26010 21650 4360 89272 89272 6825 6825 11690 11690 CONTRACT SERVICES 351050 324952 26098 GRANT EXPENSE 345339 345339 PROVISION FOR LOAN LOSSES 145729 145729 LOAN PROGRAM 11865 11865 16087 16087 2146255 1822070 263550 60635 4074358 5339184 395404 217843 6318505 7041527 14655 15311 288175 61983 227648 226192 34354 36966 11064924 12877023 56268 286558 745279 4799233 6778395 1053735 1306023 6654515 8370976 X 3889332 3850411 521077 655636 4410409 4506047 11064924 12877023 95638 X false true X true true true X 937342 1132668 1852638 1543577 1783043 7249268 441929 416490 392458 419503 434156 2104536 1379271 1549158 2245096 1963080 2217199 9353804 9353804 5638 4194 1659 2817 24694 39002 5638 4194 1659 2817 24694 39002 1384909 1553352 2246755 1965897 2241893 9392806 0.99580 0.99800 0.00000 0.00000 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 55000 55000 197196 32456 164740 35979 29527 6452 226192 INVESTOR DEPOSITS 1306023 1306023 2241893 2241893 2241893 2146255 2146255 2146255 HERBERT CULVER III TRUSTEE 13320 DEBT SERVICE PAYMENT false 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.