Overview
What is The Forge Nashville?
The Forge Nashville is a dedicated nonprofit organization situated in Nashville, Tennessee. Initially moving into an abandoned warehouse, they undertook a substantial renovation project, thanks to over 10,000 hours of volunteer work. Their primary mission is to foster an environment where artists and artisans can flourish and where the arts and artisanship are highly regarded. To achieve this, they offer free studio space and mentoring to local, emerging artists and provide resources to help them achieve their creative goals. The organization has seen the introduction of more than 25 new artisans into its program and has established a scholarship program for low-income and minority youth. Furthermore, The Forge Nashville has hosted various arts shows, including a collaboration with the Tennessee Titans, and continues to support and empower artists and artisans in Middle Tennessee.
Official website here: www.theforgenashville.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 75%, Three-Star out of Four Star Rating.
The Forge Nashville has earned a solid Three-Star rating from Charity Navigator, reflecting a 75% score primarily based on its accountability and finance metrics. The organization excels in several areas, including having a fully independent board, which scores a perfect 10 out of 10, and demonstrating no material diversion of assets. Their program expense ratio is notably high at 97.30%, indicating a strong commitment to spending on direct programs rather than administrative costs.
However, the organization has some limitations that are worth noting. Despite its strengths, The Forge Nashville lacks a whistleblower policy, which affects its overall score significantly. Additionally, while it maintains good practices in document retention and reporting, it has a concerning liabilities to assets ratio of 402.33%, which could signal potential financial risk.
Overall, The Forge Nashville demonstrates a commitment to transparency and responsible financial practices, but improvements in governance policies could enhance their rating further and provide more assurance to donors and stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is The Forge Nashville legitimate?
The Forge Nashville is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Forge Nashville 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: $53,898
Professional Fundraising Fees: $0
Other Salaries and Wages: $120,333
For more financial information, click here
Official website here: www.theforgenashville.org
What is the mission statement of The Forge Nashville?
The Forge Nashville's mission is to establish an environment where artists and artisans can prosper, and the value of arts and artisanship is recognized. To achieve this, they have renovated an abandoned warehouse through volunteer efforts, offering free studio space and mentorship to seven local emerging artists. They have also hosted various arts shows, including one in collaboration with the Tennessee Titans. Additionally, The Forge Nashville has established a scholarship program for low-income and minority youth, and has onboarded over 25 new artisans into their program, providing them with necessary resources and mentorship to achieve their creative goals.
Official website here: www.theforgenashville.org
What is the revenue of The Forge Nashville?
The Forge Nashville's revenue in 2023 was $714,010.
Official website here: www.theforgenashville.org
Who are the executives of The Forge Nashville and what are their salaries?
The average compensation at The Forge Nashville during 2023 was $34,846. There are 5 employees and 165 volunteers at The Forge Nashville.
Here are 7 key members and their salaries:
- Compensation: $53,898
- Related: $0
- Other: $0
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- Other: $0
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- Other: $0
- Compensation: $0
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- Other: $0
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- Other: $0
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- Other: $0
- Compensation: $0
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- Other: $0
Official website here: www.theforgenashville.org
Where can I find the form 990 for The Forge Nashville?
The Forge Nashville's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.theforgenashville.org
Learn more at the official website: www.theforgenashville.org
Mission Statement of The Forge Nashville
The Forge Nashville, an organization dedicated to the thriving of artists and artisans, aims to establish a region where the arts and artisanry are highly regarded. The primary objective of their Artisan Support Project is to foster an environment that supports artists and artisans, thereby elevating the importance of the arts and craftsmanship in Middle Tennessee.
To achieve this mission, The Forge Nashville has undertaken several initiatives. Firstly, they transformed an abandoned warehouse into a vibrant workspace through over 10,000 hours of volunteer labor. This renovation served as a physical manifestation of their commitment to the local artistic community. Secondly, they offered free studio space and mentoring to seven emerging artists, providing them with an opportunity to showcase their talents in nine diverse art shows. One of these shows even featured the Tennessee Titans, highlighting the organization's influence and reach within the community.
In addition to supporting established artists, The Forge Nashville also prioritizes the development of young talent. They have established a scholarship program for low-income and minority youth, providing them with the resources and guidance necessary to pursue their creative ambitions. Furthermore, they have welcomed over 25 new artisans into their program, offering them workspace, tools, resources, and mentoring to help them achieve their creative objectives. By investing in both established and emerging artists, The Forge Nashville is working tirelessly to make Middle Tennessee a place where the arts and artisanry are not only valued but also thrive.
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Impact
July, 2024
The Forge Nashville has significantly impacted the local art community by providing free studio space, mentoring, and resources to emerging artists in need. Additionally, they have renovated a previously abandoned warehouse and transformed it into a vibrant hub for artistic expression. Their scholarship program for low-income and minority youth has opened up opportunities for aspiring artists who may not have had access otherwise. By hosting various art shows and bringing in new artisans, The Forge Nashville is actively fostering a community where creativity can flourish and the arts are celebrated.
This information is meant to be a general summary of The Forge Nashville. 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 2023.
- Investment Income: $625
- Program Service Revenue: $469,797
- Gross Receipts: $714,010
Assets and Liabilities:
- Total Assets: $114,204
- Total Liabilities: $459,482
- Net Assets: -$345,278
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MAKER SPACE
Revenue
$184,282
RENTAL INCOME
Revenue
$187,806
ART GALLERY COMMISSION
Revenue
$16,448
ARTISAN CLASSES
Revenue
$69,450
SCHOLARSHIPS
Revenue
$11,811
Organization Details
Founding Year
2017
Principal Officer
Erin Hewgley
Website
www.theforgenashville.orgNTEE Category
Code: A11 - Arts
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