Overview
What is Forge Academy?
Forge Academy is a nonprofit organization situated in Charlottesville, Virginia. With a team of 50 dedicated individuals, its primary purpose is to serve as a collaborative space for programmers, designers, and thinkers. The organization's mission revolves around fostering intellectual growth and knowledge exchange among its members. By hosting events and forums, Forge Academy encourages the exchange of ideas and knowledge, aiming to further educate and empower its members. The organization's headquarters is located at 9 Elliewood Ave, Charlottesville, VA 22903.
Official website here: www.joinforge.co
What are the reviews and ratings of this charity?
Charity Navigator Rating: 67%, earning a Two-Star out of Four Star rating. The rating indicates that Forge Academy meets some of the necessary standards for accountability and financial health, but there are areas needing improvement. With an overall score of 67, the organization demonstrates a strong commitment to program expenses, as evidenced by a 100% program expense ratio.
Strengths of Forge Academy include having a fully independent board, with all members meeting the criteria for independence. Additionally, the organization shows no material diversion of assets and has a strong liabilities to assets ratio at 23.21%. These factors reflect a level of financial stability and responsible management.
However, limitations are evident in the lack of key policies, including a conflict of interest policy and a whistleblower policy, both of which are critical for organizational transparency and integrity. Moreover, the absence of board meeting minutes and documentation policies raises concerns regarding governance practices. Addressing these issues is essential for strengthening the overall accountability of Forge Academy.
This AI summary has been generated from information found on Charity Navigator.
Is Forge Academy legitimate?
Forge Academy is a legitimate nonprofit organization registered as a 501(c)(3) entity. Forge Academy submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $302,854
Professional Fundraising Fees: $0
Other Salaries and Wages: $233,356
For more financial information, click here
Official website here: www.joinforge.co
What is the mission statement of Forge Academy?
Forge Academy's mission is centered around fostering an environment for intellectual growth and collaboration among programmers, designers, and thinkers. The primary objective is to educate its members further in these fields. They accomplish this by providing a platform where members can collaborate, brainstorm, and learn from each other, helping to enhance their collective knowledge and skills. This mission is facilitated through the provision of a suitable meeting space, enabling members to effectively engage in their collaborative activities.
Official website here: www.joinforge.co
Who is the CEO of Forge Academy?
Amanda Coombs is the Chief Operating Officer of Forge Academy.
Official website here: www.joinforge.co
What is the revenue of Forge Academy?
Forge Academy's revenue in 2022 was $906,204.
Official website here: www.joinforge.co
Who are the executives of Forge Academy and what are their salaries?
The average compensation at Forge Academy during 2022 was $10,724. There are 50 employees and 75 volunteers at Forge Academy.
Here are 13 key members and their salaries:
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- Compensation: $78,013
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- Compensation: $48,836
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- Compensation: $20,000
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- Compensation: $57,745
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- Compensation: $59,178
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- Compensation: $39,082
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Official website here: www.joinforge.co
Where can I find the form 990 for Forge Academy?
Forge Academy's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.joinforge.co
Learn more at the official website: www.joinforge.co
Mission Statement of Forge Academy
Forge Academy, a platform dedicated to intellectual growth, serves as a forum for programmers, designers, and thinkers to collaborate and learn from one another. Its primary mission is to foster an environment that stimulates intellectual engagement and education among its members. This mission is carried out by providing a meeting space where members can work together, facilitating the realization of their shared objectives. The ultimate goal of Forge Academy is to elevate the knowledge and skills of its members, thereby contributing to their professional growth and development.
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Impact
July, 2024
Forge Academy's impact lies in providing a forum for intellectual thinking and collaboration among programmers, designers, and thinkers. By fostering a space for members to come together and share knowledge, ideas, and expertise, Forge Academy works to further educate its community. This exchange of insights and experiences not only enhances individual skills but also contributes to the growth and development of the entire group. In Charlottesville, VA, Forge Academy's mission of promoting intellectual thinking and collaboration serves to create a vibrant and dynamic environment for learning and innovation.
This information is meant to be a general summary of Forge Academy. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $237
- Program Service Revenue: $772,805
- Gross Receipts: $906,204
Assets and Liabilities:
- Total Assets: $170,990
- Total Liabilities: $39,703
- Net Assets: $131,287
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM FEES
Revenue
$772,805
RENTAL INCOME
COWORKING
Organization Details
Founding Year
2012
Phone
(804) 337-4256Principal Officer
Amanda Coombs
Main Address
9 ELLIEWOOD AVE, CHARLOTTESVILLE, VA, 22903
Website
www.joinforge.coNTEE Category
Code: B42 - Education
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