Forge Evolution EIN 84-1318849

Forge Evolution

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Helps young people build a better community through their actions and ideas. For fiscal year 2024 it reported $485K in revenue, $346K in expenses, and $42K in net assets.Pt I

Founded
1995
Type
Public charity (501(c)(3)) · Crime & Legal
Location
Colorado Springs, CO
Website
www.forgeevolution.org
Filings
2 on file (2023–2024)
Revenue
$485KFY2024
Expenses
$346K
Net assets
$42K
People
9
Filings
2
Updates
0
More identity details & actions ⌄
EIN  84-1318849 Public charity (501(c)(3)) Colorado Springs, CO Founded 1995
Form 990 (PDF)
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Size
$100K–1M
What they do
Helps young people build a better community through their actions and ideas.
Leadership
Randee Thomas · Exec Dir · $26K
Money in and out
$485K revenue, $346K expenses
Bottom line
77% program efficiency
Where the money goes · FY2024
Total revenue
$485K
Pt VIII · Ln 12
Total expenses
$346K
Pt IX · Ln 25
Net assets
$42K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $139K
Where spending went · Part IX cols B–D
Program services $0.77 Management & general $0.17 Fundraising $0.06
Program efficiency
77%
of spending reaches programs▲ +3% vs prior filing year
Operating runway
3.6mo
months of highly liquid reserves at operating expense rate▲ +800% vs prior filing year
Surplus margin
+29%
revenue over expenses, this year▲ +64% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$485K
FY2024▼ -41%
Expenses
$346K
FY2024▼ -49%
Total assets
$130K
FY2024▼ -91%
Total liabilities
$89K
FY2024▼ -92%
Total revenue
$485K
Pt VIII · Ln 12
Total expenses
$346K
Pt IX · Ln 25
Net assets
$42K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$139K
Total assetsPt X · Ln 16$130K
Program-expense ratioPt IX · col B77%
Voting members of governing bodyPt I · Ln 37
Independent voting membersPt I · Ln 47
Mission & Programs · Part III

Where the work happens

1 program service account for $267K of program spending, described in the organization's own filed words · FY2024.
01

Forge Evolution gives every youth the opportunity to build a brighter future, contribute to a stronger community, and become a leader. We believe in a future where every youth has the opportunity to forge new paths towards success.

$267Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CForge Evolution
EINHdr · item D84-1318849
Principal addressHdr · item CColorado Springs, CO
WebsiteHdr · item Jwww.forgeevolution.org
Year of formationHdr · item L1995
State of legal domicileHdr · item MCO
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFCrime & Legal (I21)
Ruling yearIRS BMFNov 1995

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a7
Independent voting membersPt VI · Ln 1b7
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
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
$25,923Pt VII · Sec A
Exec Director
$24,167Pt VII · Sec A
Director
$0Pt VII · Sec A
President
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A

Randee Thomas’s $26K as Exec Dir is at the 9th percentile of top reported officer pay among 1398 $100K–1M crime & legal 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 · 3 named individuals · Part VII

NameFY2024FY2024FY2023
Morgan Mote$73,659$73,582
Randee Thomas$25,923
Amy Mogck$24,167

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
Contributions & grants$320K · 66%
Program service revenue$163K · 34%
Contributions & grants66%$320K
Program service revenue34%$163K
Investment income$2K
— government grantsLn 1e$199K
Total revenueLn 12$485K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.77 Management & general $0.17 Fundraising $0.06
Program services77%$267K
Management & general17%$59K
Fundraising6%$20K
Total functional expensesLn 25$346K

Balance Sheet

Part X · end of year
CashLn 1$103K
Total assetsLn 16$130K
Total liabilitiesLn 26$89K
Total net assetsLn 32$42K
Months of cash on handcomputed3.6

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $103K · Operating expenses/yr $346K
3.6 months
Where the money goes
Program services
Program services $267K · Total expenses $346K
77%
Management & General
Management & general $59K · Total expenses $346K
17%
Fundraising
Fundraising $20K · Total expenses $346K
6%
Cost to raise $1
Fundraising expense (3-yr avg) $78K · Solicited contributions (3-yr avg) $362K
$0.22 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $320K · Total revenue $485K
66%
Government reliance
Government grants $199K · Total revenue $485K
41%
Earned-income share
Program service revenue $163K · Total revenue $485K
34%
Investment reliance
Investment income $2K · Total revenue $485K
+0.3%
Program self-sufficiency
Program service revenue $163K · Total expenses $346K
47%
Growth & trend
Revenue growth (YoY)
This year $485K · Prior year $823K
-41%
Net-asset trend (YoY)
End of year $42K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $485K · Expenses $346K
+29%
Liabilities-to-Assets
Total liabilities — · Total assets $130K
Net-asset ratio
Net assets $42K · Total assets $130K
32%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $130K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Randee Thomas · Reported title Exec Dir · Highest reported compensation $26K · Total expenses $346K
7%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $225K · Total expenses $346K
65%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 77%
Overhead ratio 17%
Fundraising cost ratio 6%
Revenue growth -41%

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 · received and paid
Grants received · FY2024
See all 8 funders →
Grants paid · 2 grants · $51K · 2022–2023
Unitemized GrantFY2023$22,724
Unitemized GrantFY2022$27,869

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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$823K revenue · ⤓ 990 PDF
FY2023$616K 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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