Forge Academy EIN 46-1626349

Forge Academy

EIN  46-1626349 Public charity (501(c)(3)) Richmond, VA
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Size
$100K–1M
What they do
Fosters intellectual thinking and collaboration among programmers and designers to educate members.
Leadership
Eric Martin · Director, Left Feb 2024
Money in and out
$421K revenue, $420K expenses
Bottom line
100% program efficiency

Fosters intellectual thinking and collaboration among programmers and designers to educate members. For fiscal year 2024 it reported $421K in revenue, $420K in expenses, and $57K in net assets.Pt I

Where the money goes · FY2024
Total revenue
$421K
Pt VIII · Ln 12
Total expenses
$420K
Pt IX · Ln 25
Net assets
$57K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $2K
Where spending went · Part IX cols B–D
Program services $1.00
Program efficiency
100%
of spending reaches programs0% vs prior filing year
Operating runway
2.7mo
months of highly liquid reserves at operating expense rate▲ +35% vs prior filing year
Surplus margin
0%
revenue over expenses, this year▲ +103% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$421K
FY2024▼ -16%
Expenses
$420K
FY2024▼ -27%
Total assets
$97K
FY2024▼ -1%
Total liabilities
$40K
FY2024▼ -7%
Total revenue
$421K
Pt VIII · Ln 12
Total expenses
$420K
Pt IX · Ln 25
Net assets
$57K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$2K
Total assetsPt X · Ln 16$97K
Program-expense ratioPt IX · col B100%
Voting members of governing bodyPt I · Ln 35
Independent voting membersPt I · Ln 45
Mission & Programs · Part III

Where the work happens

1 program service account for $420K of program spending, described in the organization's own filed words · FY2024.
01

Launch Internship Program and Community Events

Providing skills, training and internship placement for students in the areas of software engineering, data science, and digital marketing. Both students and companies benefit from the training and access provided to the talent pool.

$420Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CForge Academy
EINHdr · item D46-1626349
Principal addressHdr · item CRichmond, VA
WebsiteHdr · item Jjoinforge.co
Year of formationHdr · item Lpending
State of legal domicileHdr · item MVA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFColleges & Universities (B42)
Ruling yearIRS BMFMar 2013

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a5
Independent voting membersPt VI · Ln 1b5
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Director, Left Feb 2024
$0Pt VII · Sec A
Secretary, Left Sept 2024
$0Pt VII · Sec A
$0Pt VII · Sec A
Chairperson
$0Pt VII · Sec A
$0Pt VII · Sec A
Outgoing Executive Director
$0Pt VII · Sec A
Promoted to Executive Director
$0Pt VII · Sec A
Director of Operations
$0Pt VII · Sec A

Amanda Coombs’s $94K as Executive Director is at the 81st percentile of top reported officer pay among 1616 $100K–1M education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2023FY2022FY2021FY2020
Amanda Coombs$94,079$78,013
Andrew Page$59,178$84,514
Daniel Willson$77,748
Allison Garrett$71,055$20,000
Angela Koukoulas$22,068$57,745
Sarah Dodge$48,836
Kaleigh Watson$39,082
Chip Ransler$1,000$5,000$2,455

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Statement of Revenue

Part VIII
Program service revenue$407K · 96%
Contributions & grants$15K · 3%
Program service revenue96%$407K
Contributions & grants3%$15K
Investment income$219
Total revenueLn 12$421K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $1.00
Program services100%$420K
Total functional expensesLn 25$420K

Balance Sheet

Part X · end of year
CashLn 1$94K
Total assetsLn 16$97K
Total liabilitiesLn 26$40K
Total net assetsLn 32$57K
Months of cash on handcomputed2.7

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $94K · Operating expenses/yr $420K
2.7 months
Where the money goes
Program services
Program services $420K · Total expenses $420K
100%
Management & General
Management & general $0 · Total expenses $420K
0%
Fundraising
Fundraising $0 · Total expenses $420K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $27K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $15K · Total revenue $421K
3%
Government reliance
Government grants — · Total revenue $421K
Earned-income share
Program service revenue $407K · Total revenue $421K
96%
Investment reliance
Investment income $219 · Total revenue $421K
0%
Program self-sufficiency
Program service revenue $407K · Total expenses $420K
97%
Growth & trend
Revenue growth (YoY)
This year $421K · Prior year $501K
-16%
Revenue CAGR
FY2020 $674K · FY2024 $421K
-11%
Net-asset trend (YoY)
End of year $57K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $421K · Expenses $420K
0%
Liabilities-to-Assets
Total liabilities — · Total assets $97K
Net-asset ratio
Net assets $57K · Total assets $97K
58%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $97K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Eric Martin · Reported title DIRECTOR, LEFT FEB 2024 · Highest reported compensation $0 · Total expenses $420K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $304K · Total expenses $420K
72%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 100%
Overhead ratio 0%
Fundraising cost ratio 0%
Revenue growth -16%
Legal fee ratio 1%
Accounting fee ratio 1%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2022
Total grants receivedfrom 1 funder$6K

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$421K revenue · viewing · ⤓ 990 PDF
FY2023$501K revenue · ⤓ 990 PDF
FY2022$906K revenue · ⤓ 990 PDF
FY2021$663K revenue · ⤓ 990 PDF
FY2020$674K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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